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Side-by-side financial comparison of BTCS Inc. (BTCS) and CaliberCos Inc. (CWD). Click either name above to swap in a different company.

BTCS Inc. is the larger business by last-quarter revenue ($7.1M vs $4.1M, roughly 1.7× CaliberCos Inc.). On growth, BTCS Inc. posted the faster year-over-year revenue change (205.5% vs -52.5%). Over the past eight quarters, BTCS Inc.'s revenue compounded faster (296.4% CAGR vs -57.6%).

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

BTCS vs CWD — Head-to-Head

Bigger by revenue
BTCS
BTCS
1.7× larger
BTCS
$7.1M
$4.1M
CWD
Growing faster (revenue YoY)
BTCS
BTCS
+257.9% gap
BTCS
205.5%
-52.5%
CWD
Faster 2-yr revenue CAGR
BTCS
BTCS
Annualised
BTCS
296.4%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BTCS
BTCS
CWD
CWD
Revenue
$7.1M
$4.1M
Net Profit
$-7.7M
Gross Margin
12.4%
Operating Margin
-196.6%
Net Margin
-188.3%
Revenue YoY
205.5%
-52.5%
Net Profit YoY
32.2%
EPS (diluted)
$-1.58
$1.95

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BTCS
BTCS
CWD
CWD
Q4 25
$7.1M
$4.1M
Q3 25
$4.9M
$3.6M
Q2 25
$2.8M
$5.1M
Q1 25
$1.7M
$7.3M
Q4 24
$2.3M
$8.7M
Q3 24
$739.2K
$11.3M
Q2 24
$561.2K
$8.2M
Q1 24
$451.4K
$23.0M
Net Profit
BTCS
BTCS
CWD
CWD
Q4 25
$-7.7M
Q3 25
$65.6M
$-4.4M
Q2 25
$3.9M
$-5.3M
Q1 25
$-17.3M
$-4.4M
Q4 24
$-11.4M
Q3 24
$-9.0M
$146.0K
Q2 24
$-6.7M
$-4.7M
Q1 24
$12.3M
$-3.8M
Gross Margin
BTCS
BTCS
CWD
CWD
Q4 25
12.4%
Q3 25
22.0%
Q2 25
-2.9%
Q1 25
7.1%
Q4 24
2.9%
Q3 24
26.5%
Q2 24
69.9%
Q1 24
64.4%
Operating Margin
BTCS
BTCS
CWD
CWD
Q4 25
-196.6%
Q3 25
-129.6%
Q2 25
-112.4%
Q1 25
-62.7%
Q4 24
-236.8%
Q3 24
0.0%
Q2 24
-65.0%
Q1 24
-22.9%
Net Margin
BTCS
BTCS
CWD
CWD
Q4 25
-188.3%
Q3 25
1328.1%
-120.2%
Q2 25
140.0%
-104.5%
Q1 25
-1022.5%
-60.7%
Q4 24
-247.6%
Q3 24
-1223.0%
1.3%
Q2 24
-1198.9%
-57.8%
Q1 24
2715.3%
-16.6%
EPS (diluted)
BTCS
BTCS
CWD
CWD
Q4 25
$-1.58
$1.95
Q3 25
$1.30
$-1.65
Q2 25
$0.14
$-4.15
Q1 25
$-0.86
$-3.85
Q4 24
$0.28
$-10.15
Q3 24
$-0.56
$0.12
Q2 24
$-0.43
$-4.34
Q1 24
$0.63
$-3.53

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BTCS
BTCS
CWD
CWD
Cash + ST InvestmentsLiquidity on hand
$1.5M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$139.4M
$1.3M
Total Assets
$214.6M
$135.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTCS
BTCS
CWD
CWD
Q4 25
$1.5M
$2.9M
Q3 25
$4.5M
$10.9M
Q2 25
$639.2K
$683.0K
Q1 25
$269.9K
$1.6M
Q4 24
$2.0M
$2.3M
Q3 24
$254.5K
$1.6M
Q2 24
$536.7K
$1.8M
Q1 24
$670.6K
$2.1M
Stockholders' Equity
BTCS
BTCS
CWD
CWD
Q4 25
$139.4M
$1.3M
Q3 25
$225.4M
$4.2M
Q2 25
$31.1M
$-19.9M
Q1 25
$20.6M
$-15.8M
Q4 24
$34.0M
$-12.6M
Q3 24
$25.2M
$-3.8M
Q2 24
$33.1M
$-4.7M
Q1 24
$39.3M
$-745.0K
Total Assets
BTCS
BTCS
CWD
CWD
Q4 25
$214.6M
$135.4M
Q3 25
$298.9M
$82.6M
Q2 25
$40.8M
$59.3M
Q1 25
$21.0M
$103.6M
Q4 24
$38.2M
$105.5M
Q3 24
$26.5M
$158.6M
Q2 24
$33.8M
$195.2M
Q1 24
$39.5M
$201.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BTCS
BTCS
CWD
CWD
Operating Cash FlowLast quarter
$-9.8M
$-12.1M
Free Cash FlowOCF − Capex
$-9.8M
FCF MarginFCF / Revenue
-138.1%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-15.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTCS
BTCS
CWD
CWD
Q4 25
$-9.8M
$-12.1M
Q3 25
$-2.8M
$-4.6M
Q2 25
$-1.3M
$-1.2M
Q1 25
$-1.9M
$-1.7M
Q4 24
$-3.5M
$555.0K
Q3 24
$-695.2K
$-74.0K
Q2 24
$-924.1K
$1.4M
Q1 24
$-769.0K
$-1.5M
Free Cash Flow
BTCS
BTCS
CWD
CWD
Q4 25
$-9.8M
Q3 25
$-2.8M
Q2 25
$-1.3M
Q1 25
$-1.9M
Q4 24
$-3.5M
Q3 24
Q2 24
Q1 24
FCF Margin
BTCS
BTCS
CWD
CWD
Q4 25
-138.1%
Q3 25
-56.7%
Q2 25
-48.2%
Q1 25
-112.7%
Q4 24
-152.2%
Q3 24
Q2 24
Q1 24
Capex Intensity
BTCS
BTCS
CWD
CWD
Q4 25
0.2%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
Q2 24
Q1 24
Cash Conversion
BTCS
BTCS
CWD
CWD
Q4 25
Q3 25
-0.04×
Q2 25
-0.34×
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24
-0.06×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BTCS
BTCS

Builder Plus$5.9M83%
Other$1.2M17%

CWD
CWD

Segment breakdown not available.

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