Filing Flows › Btcs (BTCS) › Q3 2025
Btcs (BTCS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Btcs (BTCS) reported revenue of $4.9M for the third quarter 2025 (Q3 2025), +568% from a year earlier and +78% from the quarter before.
Btcs, Q3 2025: revenue $4.9M (+568% year over year), net earnings $65.6M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9M | +78% | +568% |
| Gross profit | $1.1M | — | +456% |
| Operating profit | $65.6M | 17× | — |
| Net earnings | $65.6M | 17× | — |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $4.9M in Q3 2025, up 568% year over year and up 78% from the previous quarter. Builder Plus was the largest line at 68% of revenue. Builder Plus added $3.0M year over year (up 730%), 70% of the total change.
Gross margin was 22.0%, down 4.5 points from a year earlier. Operating profit was $65.6M, a 1328.1% margin (up 2551.1 points year over year). Net earnings were $65.6M. The effective tax rate was 0.0%.
Operating cash flow was −$2.8M. Non-cash charges added back $1K of depreciation and $6K of share-based compensation. Working capital and other items used $68.4M. Capital expenditures of $5K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was Btcs' revenue in the third quarter 2025?
Btcs (BTCS) reported revenue of $4.9M for the third quarter 2025 (Q3 2025), +568% from a year earlier and +78% from the quarter before.
Source: Btcs 10-Q on SEC EDGAR.