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BTCS

BTCS
30
Financial - Capital Markets · Financial Services
Price
$0.99
+0.00 (+0.11%)
Market Cap
$49.2M
Exchange
NASDAQ
Winston Score
30
Winston is serious
Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+385.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 6.8M (2021) → 33.2M (2025)

BTCS Inc. focuses on digital assets and blockchain technologies. The company secures disruptive next-generation blockchains and operates validator nodes on various proof of stake-based blockchain networks. It also develops a proprietary Digital Asset Platform that allows users to evaluate their crypto portfolio holdings across multiple exchanges and chains on a single platform. The company was formerly known as Bitcoin Shop, Inc. and changed its name to BTCS Inc. in July 2015. BTCS Inc. was foun

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+27.1% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

-66.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$679,434/ year

↓ Declining (-10% vs prior year)

4.1% of revenue

Below sector average (7%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

22.7%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~0 months

$284,631 cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Strong grower

BTCS is growing revenue at 27% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
47.2%
Healthy — 47.2% gross margin
Operating Margin
-113.0%
Losing money on operations — -113.0%
ROCE
-1.9%
Weak — -1.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+219.1%
Fast-growing sales (219.1% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-54.9%
Burning cash (-54.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.78
Moderate — manageable debt (0.78)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend Yield
4.46%
Healthy income — 4.46% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend Growth
N/A
no trend
Data not available

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