Btcs vs BTC Digital
Btcs is the larger business, with $16.5m of revenue in fiscal 2025 against $14.0m for BTC Digital (1.2 times as much). Btcs grew faster (304.8% against 20.3%). BTC Digital kept more of each dollar of sales as profit: a net margin of -64.5% against -202.2%.
| Latest fiscal year | BtcsBTCS, 2025 | BTC DigitalBTCT, 2025 |
|---|---|---|
| Revenue | $16.5m | $14.0m |
| Revenue growth | 304.8% | 20.3% |
| Net income | −$33.4m | −$9.1m |
| Operating margin | — | -62.7% |
| Net margin | -202.2% | -64.5% |
| Return on equity | -38.5% | -23.5% |
| Free cash flow | −$9.8m | −$13.8m |
| Cash | $1.5m | $350,000 |
| Total debt | $11.8m | $2.2m |
| Debt to equity | — | 5.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $4.0m | — |
| Employees | — | 20 |
| Market value | $48.9m | $6.8m |
| Price vs our value range | — | — |
| Moat score | 32 (Weak) | — |
| Insider trades, 12 months | 3 buys, 6 sales | 0 buys, 0 sales |