BTCS PRESS-RELEASE SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

BTCS ▼ -9.84% at T+5d

SHORT call ✓ call won +9.84% · α vs SPY +10.80% · entry $1.83 → $1.65

Next anchor: T+20d in 5d

Currently $1.24 · +32.24% from $1.83 entry (call sign-flipped)

Entry anchored
May 14, 03:59 PM ET
via Databento tick

T+1d

-4.37%

call +4.37% · α +4.31%

$1.75

settled 23d ago

T+5d

-9.84%

call +9.84% · α +10.80%

$1.65

settled 19d ago

T+20d

—

call — · α —

—

in 5d

T+60d

—

call — · α —

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in 2mo

Price Chart

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Executive Summary

BTCS reported Q1 2026 revenue of $2.1M (+27% YoY) and a net loss of $69.1M, driven by $35.7M in unrealized digital asset losses and $29.3M in realized losses from ETH sales. The company highlighted Imperium DeFi revenue scaling to $1.0M (47% of total) and a 2026 gross profit target of $6M, but the massive net loss and sequential revenue decline from $7.0M in Q4 2025 overshadow the operational progress.

Key Financial Metrics

Gross Margin

47%

Actionable Insight

The massive EPS miss and sequential revenue collapse from $7.0M to $2.1M will pressure the stock despite the bullish Imperium narrative. Watch for further ETH price volatility and the company's ability to hit its $6M gross profit target in 2026. The Clarity Act legislation catalyst is speculative and not priced in.

Key Facts

Q1 2026 revenue $2.1M (+27% YoY, but -70% QoQ from $7.0M in Q4 2025)
Net loss of $69.1M vs $17.3M loss in Q1 2025, driven by $35.7M unrealized losses and $29.3M realized losses on digital assets
Imperium DeFi revenue $1.0M (47% of total), gross profit $1.0M at 47% margin vs 7% a year ago
Debt reduced by $18.2M to $74.8M; no ATM share sales in Q1
EPS of -$1.43 vs consensus of $0.00, a massive miss; Street consensus was -$0.05 per Nasdaq reference
2026 gross profit target of $6M embedded in performance incentive program

Financial Impact

Net loss of $69.1M, EPS -$1.43 vs consensus $0.00; revenue $2.1M vs consensus $4.5M

revenueepsnet lossdigital asset holdings

Risk Factors

Continued ETH price declines could trigger further unrealized losses and liquidity issues
Sequential revenue decline of 70% signals business model volatility
High debt of $74.8M relative to $129M total assets
Stock-based compensation of $1.7M adds to cash burn

Market Snapshot

Exchange

Nasdaq

Sector

Finance Services

Analyst Consensus

86% bullish (7 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3295843

4 reports for BTCS

T+1T+5T+20T+60

Filters

Reports for BTCS — sortable, filterable
	Type				Now
Jun 1, 2026 8d ago	DEFA14A NEUTRAL ★ 3/10	$1.58 $1.30	▼ −17.72%	▼ −14.97%	$1.24 (−21.52%)
May 15, 2026 25d ago	8-K MIXED ★ 6/10	$1.83 $1.65	▼ −9.84%	▼ −10.80%	$1.24 (−32.24%)
May 15, 2026 25d ago	Press Release BEARISH ★ 7/10	$1.83 $1.65	▲ +9.84%	▲ +10.80%	$1.24 (+32.24%)
Mar 27, 2026 10w ago	Press Release MIXED ★ 6/10	$1.31 $1.51	▲ +15.27%	▲ +11.40%	$1.24 (−5.34%)

US Market Status

Market Closed — Opens Thu (10h 34m)

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