Btcs (BTCS) Operating Expenses (2011 - 2025)
Btcs' (BTCS) quarterly Operating Expenses came in at $17.3 million in Q4 2025, up 891.09% YoY from $1.7 million in Q4 2024, and up 144.25% on a QoQ basis from $7.1 million in Q3 2025.
Btcs (BTCS) Operating Expenses (2011 - 2025) Analysis & Trends
Btcs (BTCS) has 15 years of Operating Expenses data on file, last reported at $17.3 million in Q4 2025.
- Quarterly Operating Expenses rose 891.09% year-over-year to $17.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $31.9 million (up 1356.05% YoY) and the FY2025 annual result came in at $31.9 million, up 1356.05% from the prior year.
- Operating Expenses advanced to $17.3 million in Q4 2025, from $7.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $17.3 million in Q4 2025 to a low of -$2.2 million in Q4 2024.
- A 5-year average of $3.9 million and a median of $2.3 million in 2021 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2021 — Operating Expenses jumped 2819.29% — and 2024, when it plunged 283.82%.
- Tracing BTCS's Operating Expenses over 5 years: stood at $2.6 million in 2021, then slipped by 20.52% to $2.1 million in 2022, then plunged by 42.11% to $1.2 million in 2023, then sank by 283.82% to -$2.2 million in 2024, then jumped by 891.09% to $17.3 million in 2025.
- The last three Operating Expenses figures came in at $17.3 million (Q4 2025), $7.1 million (Q3 2025), and $4.4 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 734.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 81.75 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 381.00 Mn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 4.67 Bn |
| 10 | Btcs | 35.51 Mn | 33.39 Mn | 879,072.00 | 17.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |