BTCS Reports Gross Profit of $1.0 Million and 47% Gross Margin for First Quarter 2026
BTCS reported Q1 2026 revenue of $2.1 million, up 27% year-over-year, driven by the launch of its high-margin Imperium DeFi segment which contributed $1.0 million in revenue. Gross profit surged to $1.0 million with a 47% margin, a significant improvement from 7% in the prior year, reflecting the shift from low-margin block-building to DeFi operations. However, the company posted a net loss of $69.1 million, primarily due to $35.7 million in unrealized losses and $29.3 million in realized losses on Ethereum holdings amid market volatility.
Key figures
- Revenue
- 2147377
- Guidance
- FY2026 gross profit target of $6 million
- Revenue Yoy
- 27%
- Gross debt
- 74800000
- Defi revenue
- 1012026
- Gross margin
- 47%
- Gross profit
- 1014312
- Total assets
- 129025504
- Shares outstanding
- 49775371
- Realized loss digital assets
- 29293946
- Unrealized loss digital assets
- 35685176
- Blockchain infrastructure revenue
- 1135351
AI analysis
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