Btcs (BTCS) Operating Expenses (2011 - 2025)

Btcs (BTCS) posted Operating Expenses of $17.3 million for Q4 2025, up 144.25% quarter-over-quarter from $7.1 million in Q3 2025, and up 891.09% year-on-year from $1.7 million in Q4 2024.

Btcs (BTCS) Operating Expenses (2011 - 2025) Analysis & Trends

Btcs (BTCS) has reported Operating Expenses for 15 consecutive years, with $17.3 million the latest figure, recorded in Q4 2025.

  • Operating Expenses for Q4 2025 came in at $17.3 million, up 891.09% year-over-year; the trailing twelve-month figure through Dec 2025 was $31.9 million (up 1356.05% YoY), and the FY2025 annual result was $31.9 million, up 1356.05% from the prior year.
  • Operating Expenses was $17.3 million for Q4 2025 at Btcs, up from $7.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $17.3 million in Q4 2025 and troughed at -$2.2 million in Q4 2024.
  • Average Operating Expenses over 5 years is $3.9 million, with a median of $2.3 million recorded in 2021.
  • Year-over-year, Operating Expenses soared 2819.29% in 2021 and slumped 283.82% in 2024.
  • Over 5 years, Operating Expenses stood at $2.6 million in 2021, then fell by 20.52% to $2.1 million in 2022, then tumbled by 42.11% to $1.2 million in 2023, then plunged by 283.82% to -$2.2 million in 2024, then jumped by 891.09% to $17.3 million in 2025.
  • Per Business Quant data, the three most recent Operating Expenses figures were $17.3 million in Q4 2025, $7.1 million in Q3 2025, and $4.4 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 Btcs 37.17 Mn -174.19 Mn 879,072.00 17.29 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 17.29 Mn
Sep 30, 2025 7.08 Mn
Jun 30, 2025 4.45 Mn
Mar 31, 2025 3.08 Mn
Dec 31, 2024 -2.19 Mn
Sep 30, 2024 1.92 Mn
Jun 30, 2024 1.32 Mn
Mar 31, 2024 1.14 Mn
Dec 31, 2023 1.19 Mn
Sep 30, 2023 887,670.00
Jun 30, 2023 1.95 Mn
Mar 31, 2023 1.27 Mn
Dec 31, 2022 2.05 Mn
Sep 30, 2022 1.36 Mn
Jun 30, 2022 9.86 Mn
Mar 31, 2022 5.49 Mn
Dec 31, 2021 2.58 Mn
Sep 30, 2021 5.52 Mn
Jun 30, 2021 4.53 Mn
Mar 31, 2021 7.98 Mn