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| 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 |