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Side-by-side financial comparison of BTCS Inc. (BTCS) and EMPIRE PETROLEUM CORP (EP). Click either name above to swap in a different company.

BTCS Inc. is the larger business by last-quarter revenue ($7.1M vs $7.1M, roughly 1.0× EMPIRE PETROLEUM CORP). On growth, BTCS Inc. posted the faster year-over-year revenue change (205.5% vs -30.0%). Over the past eight quarters, BTCS Inc.'s revenue compounded faster (296.4% CAGR vs -13.3%).

The Iraq Petroleum Company (IPC), formerly known as the Turkish Petroleum Company (TPC), is an oil company that had a virtual monopoly on all oil exploration and production in Iraq between 1925 and 1961. It was jointly owned by some of the world's largest oil companies and headquartered in London, England.

BTCS vs EP — Head-to-Head

Bigger by revenue
BTCS
BTCS
1.0× larger
BTCS
$7.1M
$7.1M
EP
Growing faster (revenue YoY)
BTCS
BTCS
+235.5% gap
BTCS
205.5%
-30.0%
EP
Faster 2-yr revenue CAGR
BTCS
BTCS
Annualised
BTCS
296.4%
-13.3%
EP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BTCS
BTCS
EP
EP
Revenue
$7.1M
$7.1M
Net Profit
$-59.0M
Gross Margin
12.4%
Operating Margin
-834.5%
Net Margin
-835.1%
Revenue YoY
205.5%
-30.0%
Net Profit YoY
-1306.0%
EPS (diluted)
$-1.58
$-1.74

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
EP
EP
Q4 25
$7.1M
$7.1M
Q3 25
$4.9M
$9.4M
Q2 25
$2.8M
$8.8M
Q1 25
$1.7M
$9.0M
Q4 24
$2.3M
$10.1M
Q3 24
$739.2K
$11.4M
Q2 24
$561.2K
$12.8M
Q1 24
$451.4K
$9.4M
Net Profit
BTCS
BTCS
EP
EP
Q4 25
$-59.0M
Q3 25
$65.6M
$-3.8M
Q2 25
$3.9M
$-5.1M
Q1 25
$-17.3M
$-4.2M
Q4 24
$-4.2M
Q3 24
$-9.0M
$-3.6M
Q2 24
$-6.7M
$-4.4M
Q1 24
$12.3M
$-4.0M
Gross Margin
BTCS
BTCS
EP
EP
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
EP
EP
Q4 25
-834.5%
Q3 25
-37.8%
Q2 25
-56.0%
Q1 25
-43.9%
Q4 24
-38.9%
Q3 24
-30.0%
Q2 24
-15.0%
Q1 24
-46.8%
Net Margin
BTCS
BTCS
EP
EP
Q4 25
-835.1%
Q3 25
1328.1%
-40.9%
Q2 25
140.0%
-57.8%
Q1 25
-1022.5%
-46.9%
Q4 24
-41.6%
Q3 24
-1223.0%
-32.0%
Q2 24
-1198.9%
-34.3%
Q1 24
2715.3%
-42.3%
EPS (diluted)
BTCS
BTCS
EP
EP
Q4 25
$-1.58
$-1.74
Q3 25
$1.30
$-0.11
Q2 25
$0.14
$-0.15
Q1 25
$-0.86
$-0.12
Q4 24
$0.28
$-0.12
Q3 24
$-0.56
$-0.12
Q2 24
$-0.43
$-0.15
Q1 24
$0.63
$-0.15

Balance Sheet & Financial Strength

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

Metric
BTCS
BTCS
EP
EP
Cash + ST InvestmentsLiquidity on hand
$1.5M
$1.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$139.4M
$-4.6M
Total Assets
$214.6M
$65.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTCS
BTCS
EP
EP
Q4 25
$1.5M
$1.2M
Q3 25
$4.5M
$4.6M
Q2 25
$639.2K
$2.3M
Q1 25
$269.9K
$1.1M
Q4 24
$2.0M
$2.3M
Q3 24
$254.5K
$3.1M
Q2 24
$536.7K
$9.3M
Q1 24
$670.6K
$3.5M
Total Debt
BTCS
BTCS
EP
EP
Q4 25
Q3 25
$15.2M
Q2 25
$14.6M
Q1 25
$11.6M
Q4 24
$11.3M
Q3 24
$8.5M
Q2 24
$8.5M
Q1 24
$8.5M
Stockholders' Equity
BTCS
BTCS
EP
EP
Q4 25
$139.4M
$-4.6M
Q3 25
$225.4M
$53.7M
Q2 25
$31.1M
$54.5M
Q1 25
$20.6M
$59.1M
Q4 24
$34.0M
$62.8M
Q3 24
$25.2M
$56.5M
Q2 24
$33.1M
$58.7M
Q1 24
$39.3M
$31.7M
Total Assets
BTCS
BTCS
EP
EP
Q4 25
$214.6M
$65.9M
Q3 25
$298.9M
$123.0M
Q2 25
$40.8M
$124.7M
Q1 25
$21.0M
$123.7M
Q4 24
$38.2M
$123.9M
Q3 24
$26.5M
$121.2M
Q2 24
$33.8M
$119.9M
Q1 24
$39.5M
$100.1M
Debt / Equity
BTCS
BTCS
EP
EP
Q4 25
Q3 25
0.28×
Q2 25
0.27×
Q1 25
0.20×
Q4 24
0.18×
Q3 24
0.15×
Q2 24
0.15×
Q1 24
0.27×

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
EP
EP
Operating Cash FlowLast quarter
$-9.8M
$-2.8M
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
EP
EP
Q4 25
$-9.8M
$-2.8M
Q3 25
$-2.8M
$330.0K
Q2 25
$-1.3M
$-3.1M
Q1 25
$-1.9M
$1.6M
Q4 24
$-3.5M
$-8.8M
Q3 24
$-695.2K
$12.8M
Q2 24
$-924.1K
$-1.8M
Q1 24
$-769.0K
$3.9M
Free Cash Flow
BTCS
BTCS
EP
EP
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
EP
EP
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
EP
EP
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
EP
EP
Q4 25
Q3 25
-0.04×
Q2 25
-0.34×
Q1 25
Q4 24
Q3 24
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%

EP
EP

Segment breakdown not available.

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