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
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 |