Btcs (BTCS) Research & Development (2015 - 2025)
Btcs (BTCS) reported Research & Development of $131048.0 for Q4 2025, down 43.55% on a YoY basis from $232155.0 in Q4 2024, and down 9.99% quarter-over-quarter from $145592.0 in Q3 2025.
Btcs (BTCS) Research & Development (2015 - 2025) Analysis & Trends
Btcs has reported Research & Development for 7 years, with the latest figure at $131048.0 in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 43.55% year-over-year to $131048.0; the trailing twelve-month figure through Dec 2025 stood at $679434.0 (down 10.11% YoY), and the FY2025 full-year result was $679434.0, down 10.11% from the prior year.
- Research & Development for Q4 2025 stood at $131048.0, down from $145592.0 in the prior quarter.
- The five-year high for Research & Development was $273909.0 in Q3 2021, with the low at $82933.0 in Q1 2021.
- Historically, Research & Development has averaged $172351.4 across 5 years, with a median of $163478.0 in 2022.
- The largest YoY upside for Research & Development was 64.85% in 2022 against a maximum downside of 53.69% in 2022.
- Btcs' Research & Development stood at $110558.0 in 2021, then surged by 47.6% to $163179.0 in 2022, then dropped by 4.26% to $156235.0 in 2023, then soared by 48.59% to $232155.0 in 2024, then plunged by 43.55% to $131048.0 in 2025.
- The last three Research & Development figures came in at $131048.0 (Q4 2025), $145592.0 (Q3 2025), and $193543.0 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 1.15 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 583.00 Mn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 241.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 23.47 Mn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 39.55 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | - |
| 10 | Btcs | 45.14 Mn | -166.22 Mn | 879,072.00 | 131,048.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 131,048.00 |
| Sep 30, 2025 | 145,592.00 |
| Jun 30, 2025 | 193,543.00 |
| Mar 31, 2025 | 209,251.00 |
| Dec 31, 2024 | 232,155.00 |
| Sep 30, 2024 | 213,332.00 |
| Jun 30, 2024 | 163,777.00 |
| Mar 31, 2024 | 146,549.00 |
| Dec 31, 2023 | 156,235.00 |
| Sep 30, 2023 | 148,525.00 |
| Jun 30, 2023 | 180,903.00 |
| Mar 31, 2023 | 201,625.00 |
| Dec 31, 2022 | 163,179.00 |
| Sep 30, 2022 | 126,857.00 |
| Jun 30, 2022 | 185,004.00 |
| Mar 31, 2022 | 136,718.00 |
| Dec 31, 2021 | 110,558.00 |
| Sep 30, 2021 | 273,909.00 |
| Jun 30, 2021 | 245,336.00 |
| Mar 31, 2021 | 82,933.00 |