Filing Flows › Btcs (BTCS) › Q1 2025
Btcs (BTCS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Btcs (BTCS) reported revenue of $1.7M for the first quarter 2025 (Q1 2025), +274% from a year earlier and -27% from the quarter before.
Btcs, Q1 2025: revenue $1.7M (+274% year over year), net loss $17.3M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | -27% | +274% |
| Operating profit | −$17.3M | -871% | — |
| Net earnings | −$17.3M | -871% | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $1.7M in Q1 2025, up 274% year over year and down 27% from the previous quarter. Builder + was the largest line at 80% of revenue. Builder + added $1.3M year over year (up 3986%), 106% of the total change. Node Ops declined 19%.
Gross margin was 7.1%, down 57.3 points from a year earlier. Operating costs exceeded revenue by $17.3M, an operating margin of -1022.5%. The quarter ended with a net loss of $17.3M, after a profit of $2.2M the previous quarter.
Operating cash flow was −$1.9M. Non-cash charges added back $1K of depreciation and $3.6M of share-based compensation. Working capital and other items added $11.8M. Capital expenditures of $2K exceeded it, leaving free cash flow of −$1.9M.
Questions
What was Btcs' revenue in the first quarter 2025?
Btcs (BTCS) reported revenue of $1.7M for the first quarter 2025 (Q1 2025), +274% from a year earlier and -27% from the quarter before.
Source: Btcs 10-Q on SEC EDGAR.