BTCS
Operates Ethereum validators, block building, and DeFi deployments.
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Profile
Runs Ethereum validator operations through NodeOps, builds blocks through Builder+, and deploys digital assets through Imperium. Its current model combines blockchain infrastructure with DeFi and is concentrated around Ethereum.
Operating Ethereum validator nodes through NodeOps, building Ethereum blocks through Builder+, and deploying digital assets through Imperium form the current business. NodeOps operates validator nodes across multiple proof-of-stake blockchain networks. The company discontinued StakeSeeker and ChainQ, retired non-Ethereum validator operations, and liquidated most non-Ethereum digital-asset holdings to concentrate resources on these lines.
The model combines blockchain infrastructure with DeFi deployments and is concentrated around Ethereum. A limited workforce creates dependence on key personnel and limited redundancy in critical functions, while DeFi activity depends on protocols, counterparties, liquidity, and digital-asset markets.
Company facts
Categories
Key statistics
Year to date −53.1% · Average volume (30d) 1.5M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 20, 2026Q2 FY26 | — | −$0.70 | — | $4.5M | $2.4M | −45.6% | +3.97% |
| Aug 19, 2026Q2 FY26 | — | −$0.70 | — | $4.5M | $2.4M | −45.6% | +16.67% |
| May 15, 2026Q1 FY26 | — | −$0.08 | — | $4.5M | $2.1M | −52.3% | −4.37% |
| Mar 27, 2026Q4 FY25 | $0.01 | −$0.05 | −600.0% | $4.5M | $7.1M | +57.6% | −1.53% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.7M | $2.8M | $4.9M | $7.1M | $2.1M | $2.4M | |
| Gross profit | $120.3K | −$80.9K | $1.1M | $879.1K | $1.0M | $1.5M | |
| Operating income | −$1.6M | −$1.8M | −$1.6M | −$1.1M | −$2.4M | −$1.7M | |
| Net income | −$17.3M | $3.9M | $65.6M | −$85.6M | −$69.2M | −$34.9M | |
| Diluted EPS | −$0.86 | $0.14 | $1.30 | −$1.83 | −$1.43 | −$0.70 | |
| Gross margin | 7.1% | -2.9% | 22.0% | 12.4% | 47.2% | 61.1% | |
| Operating margin | -93.6% | -63.1% | -31.9% | -15.4% | -113.0% | -71.5% |
Fiscal years (4-quarter sums)FY21 $1.2M · FY22 $1.7M · FY23 $1.3M · FY24 $4.0M · FY25 $16.5M
Balance sheet, Jun 30, 2026Cash & short-term investments $262.4K · Total debt $13.5M · Total assets $89.3M · Shareholders' equity $38.8M
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Sep 26, 2025 | Sep 26 | Oct 17 | $0.05 | |
| Mar 16, 2022 | Mar 17 | Mar 16 | $0.05 | special dividend |
Ownership
Shares outstanding 49.78M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Charles W. Allen · director, 10 percent owner, officer: CEO | 11.51M | 23.13% | Form 4 | Jun 16, 2026 |
| Ssga Funds Management, Inc. | 2.37M | 5.10% | 13G | Feb 9, 2026 |
| Vanguard Capital Management LLC | 1.36M | 2.74% | 13F | Aug 13, 2026 |
| Michal Handerhan · director | 1.31M | 2.63% | Form 4 | Aug 19, 2025 |
| Benjamin Henry Hunter · officer: CTO | 1.28M | 2.57% | Form 4 | Jun 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Charles W. Allen | director, 10 percent owner, officer: CEO | −168,000 | $1.22 |
| Jun 12, 2026 | Charles W. Allen | director, 10 percent owner, officer: CEO | −87,000 | $1.15 |
| Jun 10, 2026 | Benjamin Henry Hunter | officer: CTO | −10,000 | $1.21 |
| Jun 11, 2026 | Charles W. Allen | director, officer: CEO | −165,000 | $1.11 |
| Jun 10, 2026 | Charles W. Allen | director, officer: CEO | −150,000 | $1.19 |
Peers
- Coinbase
Institutional Ethereum validator staking at global exchange scale
- Galaxy Digital
Institutional Ethereum staking with custody-platform integrations
- BitMine Immersion Technologies
Large Ethereum treasury with an institutional validator platform
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BTCS | $1.38 | +2.60% | $67.2M | — | — | 4.0 | −11.8% |
| Coinbase | $178.50 | −0.02% | $47.13B | — | 206.3 | 8.5 | −18.5% |
| Galaxy Digital | $23.29 | +0.30% | $7.70B | — | — | 0.1 | +0.6% |
| BitMine Immersion Technologies | $23.70 | −0.27% | $13.56B | — | 58.0 | 221.5 | +2,166.2% |
| Median | — | 132.1 | 8.5 | +0.6% |