10-Q · May 14, 2026
BTCS reported a strong financial performance for Q4 2026 with revenue of $7,088,000, significantly exceeding expectations of $4,500,000, and a diluted EPS of $0.48, compared to an estimate of $0.01. The growth was…
Earnings analysis · 10-Q
BTCS earnings analysis
Filed August 19, 2026 · Our reading of the company's report
The latest report
The extracted Form 10-Q does not include the income statement, balance sheet, cash-flow statement, or segment disclosures, so current-quarter financial metrics cannot be determined from the filing text provided. The…
Read full summary
The extracted Form 10-Q does not include the income statement, balance sheet, cash-flow statement, or segment disclosures, so current-quarter financial metrics cannot be determined from the filing text provided. The principal development is a material weakness in cash-flow controls as of June 30, 2026, involving the classification of noncash DeFi transactions and revisions to prior cash-flow statements. Management has begun a five-part remediation plan, but the weakness remains unremediated.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Remediation plan initiated
Management initiated a remediation plan after identifying a material weakness as of June 30, 2026. The plan includes five measures covering cash-flow worksheet redesign, transaction verification, DeFi review, reconciliation, and documentation.
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Cash-flow error did not affect results
The filing states that the cash-flow presentation errors resulted in an immaterial correction and did not affect ending cash, net change in cash, results of operations, or financial position.
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Control weakness formally disclosed
Management concluded that disclosure controls and procedures were not effective as of June 30, 2026 because of the material weakness in internal control over financial reporting.
What to watch
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Material weakness in cash-flow controls
A material weakness existed as of June 30, 2026 in controls over the preparation and review of statements of cash flows. Noncash DeFi borrowing and repayment transactions had previously been presented as cash investing and financing activities, requiring revisions to previously issued cash-flow statements.
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Remediation completion remains uncertain
The remediation effort remains ongoing as of the filing date, and management stated the weakness will not be considered remediated until controls have operated for a sufficient period and testing confirms they are effective.
Management's outlook
No quantitative revenue or EPS outlook was provided in the extracted Form 10-Q. The report states that there were no material changes in risk factors from the December 31, 2025 Form 10-K and March 31, 2026 Form 10-Q.
Earlier filings 4
10-K · March 26, 2026
BTCS completed a strategic repositioning in 2025 to focus on Ethereum-native activities, launching its Imperium DeFi business line in 2025 and discontinuing non‑Ethereum validator operations and legacy platforms…
10-Q · November 13, 2025
BTCS reported Q3 2025 revenue of $4,938,503 and GAAP net income of $65,588,809 (basic EPS $1.48), driven largely by a $73,724,881 unrealized appreciation in crypto assets. Core operating results remain challenged: gross…
10-Q · August 13, 2025
BTCS reported Q2 2025 revenue of $2,772,198 (vs. $561,192 in Q2 2024) and delivered net income of $3,881,532 (vs. a loss of $6,727,869 a year ago), producing diluted EPS of $0.14 (vs. $(0.43) in Q2 2024). Gross profit…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.