Filing Flows › Btcs (BTCS) › Q4 2024
Btcs (BTCS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 20, 2025
Btcs (BTCS) reported revenue of $2.3M for the fourth quarter 2024 (Q4 2024), +612% from a year earlier and +214% from the quarter before. Operating margin was 96.5%, net earnings $2.2M (96.5% of revenue).
Btcs, Q4 2024: revenue $2.3M (+612% year over year), operating margin 96.5%, net earnings $2.2M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3M | +214% | +612% |
| Gross profit | $67K | -66% | -73% |
| Operating profit | $2.2M | — | -69% |
| Net earnings | $2.2M | — | -69% |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $2.3M in Q4 2024, up 612% year over year and up 214% from the previous quarter.
Gross margin was 2.9%, down 72.3 points from a year earlier. Operating profit was $2.2M, a 96.5% margin (down 2146.5 points year over year). Operating profit fell $5.1M even though revenue rose $2.0M versus a year earlier, so costs grew faster than sales. Net earnings were $2.2M, down 69% year over year. The effective tax rate was 0.0%.
Operating cash flow was −$1.1M. Non-cash charges added back $1K of depreciation and $536K of share-based compensation. Working capital and other items used $3.9M.
Questions
What was Btcs' revenue in the fourth quarter 2024?
Btcs (BTCS) reported revenue of $2.3M for the fourth quarter 2024 (Q4 2024), +612% from a year earlier and +214% from the quarter before.
Was Btcs profitable in the fourth quarter 2024?
Operating profit was $2.2M (96.5% of revenue) and net earnings $2.2M.
Source: Btcs 10-K on SEC EDGAR.