Want to see BTCS full AI Analyst Report?
Top Page
BTCS
(NASDAQ:BTCS)
Select Model
Select Model
Rating:50Neutral
Price Target:
$1.50
▲(0.00% Upside)
Action:Reiterated
Date:09/19/26
The score is held down mainly by weak financial performance (large losses and ongoing cash burn), despite a more constructive technical setup (price above key moving averages with positive MACD). Valuation is hard to justify with negative earnings, and recent corporate actions add both strategic upside and elevated crypto/DeFi financing risk.
Positive Factors
DeFi business expansion
Imperium is becoming a more important operating engine, with DeFi revenue rising despite a volatile and declining crypto market. Growing contribution from this business could diversify BTCS beyond validator operations and support a broader blockchain-services platform over the coming quarters.
Negative Factors
Persistent cash burn
Repeated negative operating and free cash flow shows that BTCS is not currently self-funding its operations. Persistent outflows increase dependence on external financing or asset sales, limiting strategic flexibility and making continued investment more vulnerable to adverse crypto-market conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
DeFi business expansion
Imperium is becoming a more important operating engine, with DeFi revenue rising despite a volatile and declining crypto market. Growing contribution from this business could diversify BTCS beyond validator operations and support a broader blockchain-services platform over the coming quarters.
Read all positive factors
BTCS (BTCS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$67.69M
Dividend Yield3.27%
Average Volume (3M)1.70M
Price to Earnings (P/E)―
Beta (1Y)0.21
Revenue Growth120.96%
EPS Growth-120.89%
CountryUS
Employees9
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-2.48
Shares Outstanding52,471,943
10 Day Avg. Volume1,198,773
30 Day Avg. Volume1,699,705
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.63
Price to Sales (P/S)5.31
P/FCF Ratio-8.94
Enterprise Value/Market Cap1.57
Enterprise Value/Revenue6.41
Enterprise Value/Gross Profit23.81
Enterprise Value/Ebitda-1.19
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.02
Revenue Forecast (FY)$20.00M
BTCS Business Overview & Revenue Model
Company Description
BTCS Inc. operates primarily within the burgeoning fields of digital assets and blockchain technology. A key component of its business involves acting as a validator for various proof-of-stake (PoS) based blockchain networks, thereby playing a cru...
How the Company Makes Money
BTCS generates revenue primarily through (1) blockchain infrastructure/validator operations and (2) digital asset-related activities. (1) Validator/node operations: BTCS can earn protocol rewards and related fees by running infrastructure that hel...
BTCS Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.62M | 16.49M | 4.07M | 1.34M | 1.69M | 1.21M |
| Gross Profit | 4.47M | 2.01M | 946.01K | 979.85K | 1.27M | 944.94K |
| EBITDA | -89.50M | -5.99M | -8.16M | -3.71M | -4.65M | -13.99M |
| Net Income | -124.03M | -33.35M | -1.27M | 7.82M | -15.86M | -16.05M |
Balance Sheet | ||||||
| Total Assets | 89.27M | 214.63M | 38.25M | 27.15M | 9.92M | 14.10M |
| Cash, Cash Equivalents and Short-Term Investments | 262.44K | 1.53M | 38.07M | 26.68M | 4.07M | 5.14M |
| Total Debt | 13.54M | 73.34M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 50.42M | 75.22M | 4.25M | 980.90K | 586.41K | 2.00M |
| Stockholders Equity | 38.85M | 139.42M | 34.00M | 26.17M | 9.33M | 12.10M |
Cash Flow | ||||||
| Free Cash Flow | -7.49M | -9.80M | -3.53M | -3.57M | -782.18K | -4.87M |
| Operating Cash Flow | -7.48M | -9.78M | -3.53M | -3.56M | -776.78K | -4.86M |
| Investing Cash Flow | -184.13M | -197.50M | -2.63M | 186.00K | -8.97M | -9.47M |
| Financing Cash Flow | 191.57M | 206.83M | 6.68M | 2.69M | 10.50M | 15.21M |
BTCS Technical Analysis
Negative
1.50
Price Trends
1.34
Negative
1.27
Positive
1.65
Negative
Market Momentum
>-0.01
Positive
42.24
Neutral
13.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BTCS, the sentiment is Negative. The current price of 1.5 is above the 20-day moving average (MA) of 1.46, above the 50-day MA of 1.34, and below the 200-day MA of 1.65, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.24 is Neutral, neither overbought nor oversold. The STOCH value of 13.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BTCS.
BTCS Risk Analysis
BTCS disclosed 1 risk factors in its most recent earnings report. BTCS reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
BTCS Peers Comparison
UnderperformOutperform
Sector (68)
BTCS
BTCS
1.24
-3.72
-74.97%
SUIG
Sui Group Holdings
1.42
-2.32
-62.03%
ARBK
Argo Blockchain
2.02
-132.42
-98.50%
BTCS Corporate Events
Business Operations and StrategyPrivate Placements and Financing
BTCS Expands AAVE Borrowings to Fuel DeFi Strategy
Positive
Aug 25, 2026
On August 21, 2026, BTCS Inc. expanded its use of the AAVE decentralized lending protocol by borrowing an additional $10.0 million in USDT, lifting its total AAVE borrowings to about $53.0 million under a previously approved loan-to-value cap of 5...
Business Operations and StrategyFinancial Disclosures
BTCS Highlights Imperium DeFi Growth in Q2 Results
Negative
Aug 20, 2026
On August 20, 2026, BTCS reported financial results for the quarter ended June 30, 2026, highlighting the growing importance of its Imperium DeFi business. The company posted Q2 2026 revenue of $2.4 million and gross profit of $1.5 million, transl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.