Btcs (BTCS) Research & Development (2015 - 2025)
Btcs (BTCS) posted Research & Development of $131048.0 for Q4 2025, down 9.99% quarter-over-quarter from $145592.0 in Q3 2025, and down 43.55% year-on-year from $232155.0 in Q4 2024.
Btcs (BTCS) Research & Development (2015 - 2025) Analysis & Trends
Btcs (BTCS) has reported Research & Development for 7 consecutive years, with $131048.0 the latest figure, recorded in Q4 2025.
- Research & Development for Q4 2025 came in at $131048.0, down 43.55% year-over-year; the trailing twelve-month figure through Dec 2025 was $679434.0 (down 10.11% YoY), and the FY2025 annual result was $679434.0, down 10.11% from the prior year.
- Research & Development was $131048.0 for Q4 2025 at Btcs, down from $145592.0 in the prior quarter.
- Over five years, Research & Development peaked at $273909.0 in Q3 2021 and troughed at $82933.0 in Q1 2021.
- Average Research & Development over 5 years is $172351.4, with a median of $163478.0 recorded in 2022.
- The widest YoY moves for Research & Development: up 64.85% in 2022, down 53.69% in 2022.
- Over 5 years, Research & Development stood at $110558.0 in 2021, then surged by 47.6% to $163179.0 in 2022, then retreated by 4.26% to $156235.0 in 2023, then soared by 48.59% to $232155.0 in 2024, then tumbled by 43.55% to $131048.0 in 2025.
- Per Business Quant data, the three most recent Research & Development figures were $131048.0 in Q4 2025, $145592.0 in Q3 2025, and $193543.0 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 1.15 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 583.00 Mn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -65.09 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 241.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 23.47 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 39.55 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | - |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | - |
| 10 | Btcs | 37.17 Mn | -174.19 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 |