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Crypto (CRCW) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 15, 2025

Crypto (CRCW) reported revenue of $4K for the second quarter 2025 (Q2 2025), -57% from a year earlier and +48% from the quarter before.

Revenue$4K
Year over year-57%
Quarter over quarter+48%
Operating margin—
Net earnings−$1.0M

Crypto, Q2 2025: revenue $4K (-57% year over year), net loss $1.0M, operating cash flow −$143K. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$4K+48%-57%
Operating profit−$771K——
Net earnings−$1.0M——
Operating cash flow−$143K——

What changed

Revenue was $4K in Q2 2025, down 57% year over year and up 48% from the previous quarter.

Gross margin was 100.0%, up 78.6 points from a year earlier. Operating costs exceeded revenue by $771K, an operating margin of -18224.5%. Operating expenses grew 13% against a revenue fall of 57%. The fastest-growing cost line was General & admin (+25%). The quarter ended with a net loss of $1.0M, wider than the previous quarter's $612K loss.

Operating cash flow was −$143K. Non-cash charges added back $470K of share-based compensation. Working capital and other items added $396K.

Questions

What was Crypto's revenue in the second quarter 2025?

Crypto (CRCW) reported revenue of $4K for the second quarter 2025 (Q2 2025), -57% from a year earlier and +48% from the quarter before.

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Source: Crypto 10-Q on SEC EDGAR.