Btcs BTCS
NASDAQ BTCS
$1.60 +0.21 (+15.11%)
At close: Sep 18, 2026 · 4:00 PM EDT

Btcs (BTCS) Operating Expenses (2011 - 2026)

Btcs' (BTCS) quarterly Operating Expenses came in at $34.8 million in Q2 2026, up 900.63% on a YoY basis from $3.5 million in Q2 2025, and up 101.22% quarter-over-quarter from $17.3 million in Q4 2025.

Analysis

Btcs (BTCS) Operating Expenses (2011 - 2026) Analysis & Trends

Btcs (BTCS) has reported Operating Expenses for 16 consecutive years, with $34.8 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 900.63% year-over-year to $34.8 million; the trailing twelve-month figure through Jun 2026 stood at $54.8 million (up 3687.91% YoY), and the FY2025 full-year result was $31.9 million, up 1356.05% from the prior year.
  • Operating Expenses grew to $34.8 million in Q2 2026 per BTCS's latest filing, from $17.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $34.8 million in Q2 2026 and bottomed at -$4.3 million in Q2 2025.
  • Historically, Operating Expenses has averaged $5.0 million across 5 years, with a median of $1.9 million in 2024.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses tumbled 429.41% in 2025, then jumped 900.63% in 2026.
  • Over 5 years, Operating Expenses stood at $2.1 million in 2022, then slumped by 42.11% to $1.2 million in 2023, then tumbled by 283.82% to -$2.2 million in 2024, then soared by 891.09% to $17.3 million in 2025, then jumped by 101.22% to $34.8 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $34.8 million, $17.3 million, and $7.1 million for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Coinbase Global 51.24 Bn 42.45 Bn 1.16 Bn 1.33 Bn
2 Bullish 5.78 Bn 5.72 Bn 15.53 Mn -56.27 Mn
3 Cypherpunk Technologies 663.58 Mn 663.58 Mn - 4.69 Mn
4 Canton Strategic Holdings 498.79 Mn 498.79 Mn - 2.70 Mn
5 Bakkt 387.06 Mn 336.37 Mn 2.21 Mn 189.76 Mn
6 Coincheck 264.39 Mn 162.79 Mn 11.20 Mn 711.50 Mn
7 Wewards 214.97 Mn 214.97 Mn - 17,030.00
8 Exodus Movement 205.10 Mn -149.98 Mn - 44.71 Mn
9 Usbc 197.95 Mn 194.29 Mn - 28.10 Mn
10 Btcs 79.69 Mn -1.42 Mn 1.49 Mn 34.80 Mn
Historic Data

Historic Data

Download Data
DateValue
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