Quarterly ResultMay 14, 2026, 04:39 PM
BTCS Inc. Q1 Net Loss Widens to $69.16M; Assets Decline to $129.03M
AI Summary
BTCS Inc. reported a significantly wider net loss of $69.16 million for Q1 2026, compared to a $17.27 million loss in Q1 2025, primarily driven by substantial realized and unrealized losses on digital asset transactions. Total revenues increased to $2.15 million, boosted by new DeFi revenues, but gross profit was offset by soaring operating expenses. The company's total assets decreased to $129.03 million as of March 31, 2026, from $214.63 million at year-end 2025, with stockholders' equity also falling sharply.
Key Highlights
- Net loss widened to $69.16 million in Q1 2026 from $17.27 million in Q1 2025.
- Total revenues increased to $2.15 million in Q1 2026 from $1.69 million in Q1 2025.
- DeFi revenues were $1.01 million in Q1 2026, up from $0 in Q1 2025.
- Realized losses on digital asset transactions surged to $29.29 million from $1.38 million YoY.
- Unrealized losses on digital assets rose to $35.69 million from $14.53 million YoY.
- Total assets decreased to $129.03 million as of March 31, 2026, from $214.63 million.
- Total stockholders' equity fell to $72.11 million from $139.42 million since Dec 31, 2025.
- Cash and cash equivalents decreased to $284,631 from $1.53 million since Dec 31, 2025.