Btcs (BTCS) Operating Expenses (2011 - 2025)

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

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

Btcs has reported Operating Expenses for 15 years, with the latest figure at $17.3 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 891.09% year-over-year to $17.3 million; the trailing twelve-month figure through Dec 2025 stood at $31.9 million (up 1356.05% YoY), and the FY2025 full-year result was $31.9 million, up 1356.05% from the prior year.
  • Operating Expenses for Q4 2025 stood at $17.3 million, up from $7.1 million in the prior quarter.
  • The five-year high for Operating Expenses was $17.3 million in Q4 2025, with the low at -$2.2 million in Q4 2024.
  • Historically, Operating Expenses has averaged $3.9 million across 5 years, with a median of $2.3 million in 2021.
  • Annual changes were most pronounced in 2021 — Operating Expenses jumped 2819.29% — and 2024, when it plunged 283.82%.
  • Btcs' Operating Expenses 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 SOL Strategies 100,773.79 Bn 100,773.79 Bn - 386,258.80
2 Morgan Stanley 331.35 Bn 197.82 Bn - 13.47 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 10.43 Bn
4 Schwab Charles 153.74 Bn 108.77 Bn - 3.29 Bn
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 38.91 Bn 49.50 Bn - 381.00 Mn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 4.45 Bn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 330.51 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 242.35 Mn
10 Btcs 45.14 Mn -166.22 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