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

Sunshine Biopharma Inc. is the larger business by last-quarter revenue ($8.6M vs $7.1M, roughly 1.2× BTCS Inc.). On growth, BTCS Inc. posted the faster year-over-year revenue change (205.5% vs -10.6%). Sunshine Biopharma Inc. produced more free cash flow last quarter ($-1.6M vs $-9.8M). Over the past eight quarters, BTCS Inc.'s revenue compounded faster (296.4% CAGR vs 6.6%).

Sunshine Biopharma Inc. is a clinical-stage biopharmaceutical company focused on researching, developing and commercializing innovative therapies for oncology, neurodegenerative disorders and infectious diseases. It targets unmet medical needs across global markets, with a pipeline of targeted therapeutic candidates designed to improve patient treatment outcomes.

BTCS vs SBFM — Head-to-Head

Bigger by revenue
SBFM
SBFM
1.2× larger
SBFM
$8.6M
$7.1M
BTCS
Growing faster (revenue YoY)
BTCS
BTCS
+216.1% gap
BTCS
205.5%
-10.6%
SBFM
More free cash flow
SBFM
SBFM
$8.2M more FCF
SBFM
$-1.6M
$-9.8M
BTCS
Faster 2-yr revenue CAGR
BTCS
BTCS
Annualised
BTCS
296.4%
6.6%
SBFM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BTCS
BTCS
SBFM
SBFM
Revenue
$7.1M
$8.6M
Net Profit
$-2.1M
Gross Margin
12.4%
35.3%
Operating Margin
-20.9%
Net Margin
-25.0%
Revenue YoY
205.5%
-10.6%
Net Profit YoY
0.8%
EPS (diluted)
$-1.58

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
SBFM
SBFM
Q4 25
$7.1M
$8.6M
Q3 25
$4.9M
$9.4M
Q2 25
$2.8M
$9.4M
Q1 25
$1.7M
$8.9M
Q4 24
$2.3M
$9.6M
Q3 24
$739.2K
$8.4M
Q2 24
$561.2K
$9.3M
Q1 24
$451.4K
$7.5M
Net Profit
BTCS
BTCS
SBFM
SBFM
Q4 25
$-2.1M
Q3 25
$65.6M
$-883.8K
Q2 25
$3.9M
$-1.8M
Q1 25
$-17.3M
$-1.2M
Q4 24
$-2.2M
Q3 24
$-9.0M
$-1.2M
Q2 24
$-6.7M
$-494.3K
Q1 24
$12.3M
$-1.3M
Gross Margin
BTCS
BTCS
SBFM
SBFM
Q4 25
12.4%
35.3%
Q3 25
22.0%
32.6%
Q2 25
-2.9%
36.4%
Q1 25
7.1%
30.7%
Q4 24
2.9%
32.2%
Q3 24
26.5%
34.0%
Q2 24
69.9%
25.3%
Q1 24
64.4%
31.2%
Operating Margin
BTCS
BTCS
SBFM
SBFM
Q4 25
-20.9%
Q3 25
-11.5%
Q2 25
-21.8%
Q1 25
-14.6%
Q4 24
-21.7%
Q3 24
-13.1%
Q2 24
-13.6%
Q1 24
-17.9%
Net Margin
BTCS
BTCS
SBFM
SBFM
Q4 25
-25.0%
Q3 25
1328.1%
-9.4%
Q2 25
140.0%
-18.8%
Q1 25
-1022.5%
-13.3%
Q4 24
-22.5%
Q3 24
-1223.0%
-14.2%
Q2 24
-1198.9%
-5.3%
Q1 24
2715.3%
-17.0%
EPS (diluted)
BTCS
BTCS
SBFM
SBFM
Q4 25
$-1.58
Q3 25
$1.30
$-0.54
Q2 25
$0.14
$-0.82
Q1 25
$-0.86
$-0.44
Q4 24
$0.28
$49.77
Q3 24
$-0.56
$-11.61
Q2 24
$-0.43
$-43.48
Q1 24
$0.63
$-2.00

Balance Sheet & Financial Strength

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

Metric
BTCS
BTCS
SBFM
SBFM
Cash + ST InvestmentsLiquidity on hand
$1.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$139.4M
$23.0M
Total Assets
$214.6M
$30.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTCS
BTCS
SBFM
SBFM
Q4 25
$1.5M
Q3 25
$4.5M
Q2 25
$639.2K
Q1 25
$269.9K
Q4 24
$2.0M
Q3 24
$254.5K
Q2 24
$536.7K
Q1 24
$670.6K
Stockholders' Equity
BTCS
BTCS
SBFM
SBFM
Q4 25
$139.4M
$23.0M
Q3 25
$225.4M
$24.2M
Q2 25
$31.1M
$25.7M
Q1 25
$20.6M
$22.7M
Q4 24
$34.0M
$23.5M
Q3 24
$25.2M
$25.0M
Q2 24
$33.1M
$23.5M
Q1 24
$39.3M
$24.8M
Total Assets
BTCS
BTCS
SBFM
SBFM
Q4 25
$214.6M
$30.1M
Q3 25
$298.9M
$31.5M
Q2 25
$40.8M
$32.0M
Q1 25
$21.0M
$29.2M
Q4 24
$38.2M
$30.6M
Q3 24
$26.5M
$30.1M
Q2 24
$33.8M
$29.3M
Q1 24
$39.5M
$31.9M

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
SBFM
SBFM
Operating Cash FlowLast quarter
$-9.8M
$-1.6M
Free Cash FlowOCF − Capex
$-9.8M
$-1.6M
FCF MarginFCF / Revenue
-138.1%
-18.9%
Capex IntensityCapex / Revenue
0.2%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-15.8M
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTCS
BTCS
SBFM
SBFM
Q4 25
$-9.8M
$-1.6M
Q3 25
$-2.8M
$-727.8K
Q2 25
$-1.3M
$-1.3M
Q1 25
$-1.9M
$-1.7M
Q4 24
$-3.5M
$-3.4M
Q3 24
$-695.2K
$-1.4M
Q2 24
$-924.1K
$-4.6M
Q1 24
$-769.0K
$-3.2M
Free Cash Flow
BTCS
BTCS
SBFM
SBFM
Q4 25
$-9.8M
$-1.6M
Q3 25
$-2.8M
$-735.8K
Q2 25
$-1.3M
$-1.4M
Q1 25
$-1.9M
$-1.7M
Q4 24
$-3.5M
$-3.5M
Q3 24
$-1.9M
Q2 24
$-5.6M
Q1 24
$-3.2M
FCF Margin
BTCS
BTCS
SBFM
SBFM
Q4 25
-138.1%
-18.9%
Q3 25
-56.7%
-7.8%
Q2 25
-48.2%
-15.2%
Q1 25
-112.7%
-19.3%
Q4 24
-152.2%
-36.6%
Q3 24
-22.2%
Q2 24
-59.7%
Q1 24
-43.1%
Capex Intensity
BTCS
BTCS
SBFM
SBFM
Q4 25
0.2%
0.0%
Q3 25
0.1%
0.1%
Q2 25
0.1%
1.7%
Q1 25
0.1%
0.1%
Q4 24
0.1%
1.1%
Q3 24
6.1%
Q2 24
10.5%
Q1 24
0.8%
Cash Conversion
BTCS
BTCS
SBFM
SBFM
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%

SBFM
SBFM

Segment breakdown not available.

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