Filing Flows › Btcs (BTCS) › Q1 2026
Btcs (BTCS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Btcs (BTCS) reported revenue of $2.1M for the first quarter 2026 (Q1 2026), +27% from a year earlier and -70% from the quarter before.
Btcs, Q1 2026: revenue $2.1M (+27% year over year), net loss $69.2M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1M | -70% | +27% |
| Operating profit | −$69.2M | — | — |
| Net earnings | −$69.2M | — | — |
| Operating cash flow | −$1.7M | — | — |
What changed
Revenue was $2.1M in Q1 2026, up 27% year over year and down 70% from the previous quarter. DeFi Revenues was the largest line at 47% of revenue. NodeOps declined 61%.
Gross margin was 47.2%, up 40.1 points from Q1 2025. Operating costs exceeded revenue by $69.2M, an operating margin of -3220.9%. Operating expenses grew 304% against revenue growth of 27%. The fastest-growing cost line was Other operating costs (+319%). The quarter ended with a net loss of $69.2M, narrower than the previous quarter's $85.6M loss.
Operating cash flow was −$1.7M. Non-cash charges added back $2K of depreciation and $1.7M of share-based compensation. Working capital and other items added $65.7M.
Questions
What was Btcs' revenue in the first quarter 2026?
Btcs (BTCS) reported revenue of $2.1M for the first quarter 2026 (Q1 2026), +27% from a year earlier and -70% from the quarter before.
Source: Btcs 10-Q on SEC EDGAR.