Filing Flows › Btcs (BTCS) › Q2 2025
Btcs (BTCS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Btcs (BTCS) reported revenue of $2.8M for the second quarter 2025 (Q2 2025), +395% from a year earlier and +64% from the quarter before. Operating margin was 139.8%, net earnings $3.9M (139.8% of revenue).
Btcs, Q2 2025: revenue $2.8M (+395% year over year), operating margin 139.8%, net earnings $3.9M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8M | +64% | +395% |
| Operating profit | $3.9M | — | — |
| Net earnings | $3.9M | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $2.8M in Q2 2025, up 395% year over year and up 64% from the previous quarter. Builder + was the largest line at 90% of revenue. Builder + added $2.4M year over year (up 3208%), 110% of the total change. Node Ops declined 46%.
Operating profit was $3.9M, a 139.8% margin (up 1338.7 points year over year). Net earnings were $3.9M. The effective tax rate was 0.0%.
Operating cash flow was −$1.3M. Non-cash charges added back $1K of depreciation and $247K of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $2K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Btcs' revenue in the second quarter 2025?
Btcs (BTCS) reported revenue of $2.8M for the second quarter 2025 (Q2 2025), +395% from a year earlier and +64% from the quarter before.
Was Btcs profitable in the second quarter 2025?
Operating profit was $3.9M (139.8% of revenue) and net earnings $3.9M.
Source: Btcs 10-Q on SEC EDGAR.