Btcs (BTCS) Operating Expenses (2011 - 2026)
Btcs (BTCS) recorded Operating Expenses of $34.8 million in Q2 2026, compared with -$4.35 million a year earlier.
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Analysis
Btcs (BTCS) Operating Expenses (2011 - 2026) Analysis & Trends
On a TTM basis, Btcs' Operating Expenses came in at $54.82 million as of Jun 30, 2026; for FY2025, it came in at $31.9 million.
- Annual Operating Expenses has a five-year compound annual growth rate of 74.2% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $2.19 million in FY2024 (-58.6%), $5.3 million in FY2023 (-71.8%), $18.76 million in FY2022 (-0.5%) and $18.86 million in FY2021 (+849.5%).
- The Q2 2026 figure is the highest quarterly Operating Expenses in data going back to Q1 2011.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 527.3% in Q3 2021, against a decline of 80.2% in Q2 2023 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 50.41 Bn | 8.63 Bn | - | 7.26 Bn |
| 2 | Block | 47.18 Bn | 18.48 Bn | 3.17 Bn | 2.72 Bn |
| 3 | Coinbase Global | 46.93 Bn | 3.73 Bn | - | 1.33 Bn |
| 4 | Corpay | 26.11 Bn | 16.00 Bn | - | 260.40 Mn |
| 5 | Fiserv | 25.35 Bn | 22.03 Bn | 2.90 Bn | 4.28 Bn |
| 6 | Global Payments | 22.66 Bn | 447.70 Mn | 2.03 Bn | 2.98 Bn |
| 7 | Guidewire Software | 14.24 Bn | 10.80 Bn | 269.68 Mn | 207.36 Mn |
| 8 | Bitmine Immersion Technologies | 12.32 Bn | 9.70 Bn | 40.81 Mn | 52.67 Mn |
| 9 | Chime Financial | 11.32 Bn | 7.11 Bn | 594.87 Mn | 573.55 Mn |
| 10 | Btcs | 57.24 Mn | 50.32 Mn | 1.49 Mn | 34.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.80 Mn |
| Dec 31, 2025 | 17.29 Mn |
| Sep 30, 2025 | 7.08 Mn |
| Jun 30, 2025 | -4.35 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 |
API Access
Btcs Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BTCS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BTCS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BTCS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();