BTCS Inc. Common Stock (BTCS)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett/Graham investor, I look first for durable earning power and a sensible price. BTCS is a nine-employee blockchain infrastructure firm running Ethereum validators, block building and digital-asset deployment. Revenue is growing from a tiny base: FY2023 revenue was $1.3M, FY2024 $4.1M and FY2025 $16.5M. Profitability, however, is wildly inconsistent. FY2023 net income was $7.8M, FY2024 was a $1.3M loss and FY2025 was a $33.4M loss. Fiscal Q3 2025 (quarter ended 2025-09-30) earned $65.6M, but fiscal Q1 2026 (quarter ended 2026-03-31) lost $69.2M and fiscal Q2 2026 (quarter ended 2026-06-30) lost $34.9M. That tells me reported earnings are driven by volatile digital-asset marks, not steady cash generation. At the 2026-10-13 close, FairStock calculates P/E -0.49, P/B 1.65, ROE -354.79%, ROCE -6.58%, D/E 1.28, Piotroski 5/9 and beta 3.39; its FairStock score is 46/100. For a financial company, CET1, net interest margin and combined ratio would matter, but they are not in the data. What is visible is a high price to book alongside deeply negative returns. The 3.13% dividend yield is hard to square with losses. The Lynch category is TURNAROUND—loss in the latest year after earlier profits—which fits. A durable moat seems absent; validator and block-building economics are competitive and protocol-dependent. I would want consistent profits and a much lower price to book before calling this a value opportunity.

In plain English: BTCS Inc. runs blockchain infrastructure, including Ethereum validator nodes and block-building services, with only nine employees. The business looks weak right now: revenue is small and the company has had large losses in recent quarters, even though revenue has grown from a tiny base. At $1.22 a share, the price looks expensive compared with current profits and net assets, so it resembles a speculative turnaround rather than a stable bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer