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Side-by-side financial comparison of BTCS Inc. (BTCS) and Recon Technology, Ltd (RCON). Click either name above to swap in a different company.
Recon Technology, Ltd is the larger business by last-quarter revenue ($12.2M vs $7.1M, roughly 1.7× BTCS Inc.). On growth, BTCS Inc. posted the faster year-over-year revenue change (205.5% vs 111.0%).
Recon Instruments Inc. was a Canadian technology company that produced smartglasses and wearable displays marketed by the company as "heads-up displays" for sports. Recon's products delivered live activity metrics, GPS maps, and notifications directly to the user's eye. Recon's first heads-up display offering was released commercially in October 2010, roughly a year and a half before Google introduced Google Glass.
BTCS vs RCON — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $12.2M |
| Net Profit | — | $-832.7K |
| Gross Margin | 12.4% | 33.5% |
| Operating Margin | — | -14.6% |
| Net Margin | — | -6.8% |
| Revenue YoY | 205.5% | 111.0% |
| Net Profit YoY | — | 70.5% |
| EPS (diluted) | $-1.58 | $-0.09 |
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.
| Q4 25 | $7.1M | $12.2M | ||
| Q3 25 | $4.9M | — | ||
| Q2 25 | $2.8M | — | ||
| Q1 25 | $1.7M | — | ||
| Q4 24 | $2.3M | $5.8M | ||
| Q3 24 | $739.2K | — | ||
| Q2 24 | $561.2K | — | ||
| Q1 24 | $451.4K | — |
| Q4 25 | — | $-832.7K | ||
| Q3 25 | $65.6M | — | ||
| Q2 25 | $3.9M | — | ||
| Q1 25 | $-17.3M | — | ||
| Q4 24 | — | $-2.8M | ||
| Q3 24 | $-9.0M | — | ||
| Q2 24 | $-6.7M | — | ||
| Q1 24 | $12.3M | — |
| Q4 25 | 12.4% | 33.5% | ||
| Q3 25 | 22.0% | — | ||
| Q2 25 | -2.9% | — | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | 2.9% | 31.7% | ||
| Q3 24 | 26.5% | — | ||
| Q2 24 | 69.9% | — | ||
| Q1 24 | 64.4% | — |
| Q4 25 | — | -14.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -63.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -6.8% | ||
| Q3 25 | 1328.1% | — | ||
| Q2 25 | 140.0% | — | ||
| Q1 25 | -1022.5% | — | ||
| Q4 24 | — | -48.9% | ||
| Q3 24 | -1223.0% | — | ||
| Q2 24 | -1198.9% | — | ||
| Q1 24 | 2715.3% | — |
| Q4 25 | $-1.58 | $-0.09 | ||
| Q3 25 | $1.30 | — | ||
| Q2 25 | $0.14 | — | ||
| Q1 25 | $-0.86 | — | ||
| Q4 24 | $0.28 | $-0.31 | ||
| Q3 24 | $-0.56 | — | ||
| Q2 24 | $-0.43 | — | ||
| Q1 24 | $0.63 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5M | $10.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $139.4M | $66.4M |
| Total Assets | $214.6M | $77.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $10.7M | ||
| Q3 25 | $4.5M | — | ||
| Q2 25 | $639.2K | — | ||
| Q1 25 | $269.9K | — | ||
| Q4 24 | $2.0M | $19.9M | ||
| Q3 24 | $254.5K | — | ||
| Q2 24 | $536.7K | — | ||
| Q1 24 | $670.6K | — |
| Q4 25 | $139.4M | $66.4M | ||
| Q3 25 | $225.4M | — | ||
| Q2 25 | $31.1M | — | ||
| Q1 25 | $20.6M | — | ||
| Q4 24 | $34.0M | $66.9M | ||
| Q3 24 | $25.2M | — | ||
| Q2 24 | $33.1M | — | ||
| Q1 24 | $39.3M | — |
| Q4 25 | $214.6M | $77.6M | ||
| Q3 25 | $298.9M | — | ||
| Q2 25 | $40.8M | — | ||
| Q1 25 | $21.0M | — | ||
| Q4 24 | $38.2M | $74.2M | ||
| Q3 24 | $26.5M | — | ||
| Q2 24 | $33.8M | — | ||
| Q1 24 | $39.5M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.8M | $-1.9M |
| 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.
| Q4 25 | $-9.8M | $-1.9M | ||
| Q3 25 | $-2.8M | — | ||
| Q2 25 | $-1.3M | — | ||
| Q1 25 | $-1.9M | — | ||
| Q4 24 | $-3.5M | $-1.7M | ||
| Q3 24 | $-695.2K | — | ||
| Q2 24 | $-924.1K | — | ||
| Q1 24 | $-769.0K | — |
| 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 | — | — |
| 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 | — | — |
| 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 | — | — |
| 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
| Builder Plus | $5.9M | 83% |
| Other | $1.2M | 17% |
RCON
Segment breakdown not available.
