BTCS Inc.
BTCSNasdaqFinancials · Finance Services · NV · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $16.5M | $4.1M | $1.3M | $1.7M | $1.2M | — |
| Operating income | — | — | — | — | — | — |
| Net income | −$33.4M | −$1.3M | $7.8M | −$15.9M | −$16.0M | −$2.6M |
| Total assets | $214.6M | $38.2M | $27.1M | $9.9M | $14.1M | $1.6M |
| Total liabilities | $75.2M | $4.2M | — | — | — | — |
| Equity | $139.4M | $34.0M | $26.2M | $14.3M | $12.1M | $1.0M |
| EPS (diluted) | $-1.00 | $-0.08 | $0.45 | $-1.25 | $-3.09 | — |
| Shares out. | 20.1M | 15.7M | 13.8M | 12.5M | 44.4M | 24.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- −202.2%
- Return on equity
- −23.9%
- Return on assets
- −15.5%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 35.0%
- Debt / equity
- 0.54×
- Book value / share
- $6.94
- Revenue growth (YoY)
- 304.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −11.0%clean
- Piotroski F-Score
- 1/8weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 14, 2024
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2017
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2016
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2016
- NT 10-Qmissed a reporting deadline ↗May 15, 2015
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2015
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- State Street CorpPassive (13G)Feb 9, 2026
- Pemble Brian JamesPassive (13G)Oct 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Hunter Benjamin HenryOfficer — CTO | Jan 1, 2026 | Grant | 54,377 | — |
| Lee Charles BenjaminDirector | Dec 31, 2025 | Grant | 4,735 | — |
| Allen Charles WOfficer — CEO | Jan 1, 2026 | Grant | 199,432 | — |
| Pump MelanieDirector | Dec 31, 2025 | Grant | 4,735 | — |
| Prevoznik Michael Edward JrOfficer — CFO | Jan 1, 2026 | Grant | 96,177 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 2.7M | 2.3 | +8.7% |
| Apr 30, 2026 | 2.5M | 2.4 | -30.8% |
| Apr 15, 2026 | 3.5M | 6.6 | +4.2% |
| Mar 31, 2026 | 3.4M | 4.7 | -4.8% |
| Mar 13, 2026 | 3.6M | 5.2 | +2.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Amended charter or bylawsJun 1, 2026
- Regulation FD disclosureMay 15, 2026
- Changed auditorMar 31, 2026
- Regulation FD disclosureMar 27, 2026
- Director / officer changeMar 16, 2026
- Results of operationsMar 11, 2026
- Other material eventFeb 6, 2026
- Results of operationsJan 7, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.