BTC Digital (BTCT) Retained Earnings (2018 - 2025)
BTC Digital's (BTCT) quarterly Retained Earnings came in at -$197.6 million in Q4 2025, down 4.8% on a YoY basis from -$207.6 million in Q4 2024, and down 2.18% quarter-over-quarter from -$193.4 million in Q2 2025.
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Analysis
BTC Digital (BTCT) Retained Earnings (2018 - 2025) Analysis & Trends
BTC Digital (BTCT) has reported Retained Earnings for 8 consecutive years, with -$197.6 million the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Retained Earnings fell 4.8% year-over-year to -$197.6 million; the trailing twelve-month figure through Dec 2025 stood at -$197.6 million (down 4.8% YoY), and the FY2025 full-year result was -$197.6 million, down 4.8% from the prior year.
- Retained Earnings eased to -$197.6 million in Q4 2025 per BTCT's latest filing, from -$193.4 million in the prior quarter.
- Across five years, Retained Earnings topped out at $210.0 million in Q4 2021 and bottomed at -$198.2 million in Q2 2022.
- Historically, Retained Earnings has averaged -$123.1 million across 5 years, with a median of -$187.7 million in 2024.
- The sharpest annual moves came in 2021 and 2023: Retained Earnings jumped 248.66% in 2021, then tumbled 194.79% in 2023.
- Over 5 years, Retained Earnings stood at $210.0 million in 2021, then retreated by 6.27% to $196.9 million in 2022, then sank by 194.79% to -$186.6 million in 2023, then decreased by 1.07% to -$188.6 million in 2024, then dropped by 4.8% to -$197.6 million in 2025.
- According to Business Quant data, Retained Earnings over the past three periods registered -$197.6 million, -$193.4 million, and -$188.6 million for Q4 2025, Q2 2025, and Q4 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.68 Bn | 56.34 Bn | 40.81 Mn | 20.37 Bn |
| 2 | Iren | 35.52 Bn | 27.95 Bn | 103.89 Mn | -1.65 Bn |
| 3 | Hut 8 | 12.16 Bn | 5.68 Bn | 48.04 Mn | 1.84 Bn |
| 4 | Riot Platforms | 8.98 Bn | 8.43 Bn | 84.97 Mn | -2.09 Bn |
| 5 | Argo Blockchain | 5.95 Bn | 5.95 Bn | - | -275.04 Mn |
| 6 | MARA Holdings | 5.06 Bn | 4.70 Bn | - | 4.87 Bn |
| 7 | Cleanspark | 3.72 Bn | 3.51 Bn | - | 2.52 Bn |
| 8 | Bitdeer Technologies | 3.06 Bn | 2.59 Bn | -8.53 Mn | 1.89 Bn |
| 9 | Keel Infrastructure | 2.47 Bn | 2.47 Bn | -86.75 Mn | 1.15 Bn |
| 10 | BTC Digital | 12.28 Mn | 8.53 Mn | - | -197.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -197.65 Mn |
| Jun 30, 2025 | -193.43 Mn |
| Dec 31, 2024 | -188.59 Mn |
| Sep 30, 2024 | -188.61 Mn |
| Jun 30, 2024 | -188.03 Mn |
| Mar 31, 2024 | -187.33 Mn |
| Dec 31, 2023 | -186.60 Mn |
| Jun 30, 2023 | -184.89 Mn |
| Dec 31, 2022 | 196.86 Mn |
| Jun 30, 2022 | -198.24 Mn |
| Dec 31, 2021 | 210.02 Mn |
| Jun 30, 2021 | -170.54 Mn |
| Dec 31, 2020 | -141.27 Mn |
| Jun 30, 2020 | -102.45 Mn |
| Mar 31, 2020 | -88.75 Mn |
| Dec 31, 2019 | -74.52 Mn |
| Dec 31, 2018 | -44.24 Mn |
API Access
BTC Digital Retained Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=retained-earnings&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "ticker": "BTCT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=retained-earnings&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();