Btcs (BTCS) Operating Expenses (2011 - 2025)
Btcs (BTCS) posted Operating Expenses of $17.3 million for Q4 2025, up 144.25% quarter-over-quarter from $7.1 million in Q3 2025, and up 891.09% year-on-year from $1.7 million in Q4 2024.
Btcs (BTCS) Operating Expenses (2011 - 2025) Analysis & Trends
Btcs (BTCS) has reported Operating Expenses for 15 consecutive years, with $17.3 million the latest figure, recorded in Q4 2025.
- Operating Expenses for Q4 2025 came in at $17.3 million, up 891.09% year-over-year; the trailing twelve-month figure through Dec 2025 was $31.9 million (up 1356.05% YoY), and the FY2025 annual result was $31.9 million, up 1356.05% from the prior year.
- Operating Expenses was $17.3 million for Q4 2025 at Btcs, up from $7.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $17.3 million in Q4 2025 and troughed at -$2.2 million in Q4 2024.
- Average Operating Expenses over 5 years is $3.9 million, with a median of $2.3 million recorded in 2021.
- Year-over-year, Operating Expenses soared 2819.29% in 2021 and slumped 283.82% in 2024.
- Over 5 years, Operating Expenses stood at $2.6 million in 2021, then fell by 20.52% to $2.1 million in 2022, then tumbled by 42.11% to $1.2 million in 2023, then plunged by 283.82% to -$2.2 million in 2024, then jumped by 891.09% to $17.3 million in 2025.
- Per Business Quant data, the three most recent Operating Expenses figures were $17.3 million in Q4 2025, $7.1 million in Q3 2025, and $4.4 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 656.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 4.45 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 330.51 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 242.35 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Btcs | 37.17 Mn | -174.19 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 |