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Side-by-side financial comparison of BTCS Inc. (BTCS) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.
BTCS Inc. is the larger business by last-quarter revenue ($7.1M vs $3.6M, roughly 2.0× Solid Power, Inc.). On growth, BTCS Inc. posted the faster year-over-year revenue change (205.5% vs -18.6%). BTCS Inc. produced more free cash flow last quarter ($-9.8M vs $-23.0M). Over the past eight quarters, BTCS Inc.'s revenue compounded faster (296.4% CAGR vs -21.9%).
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
BTCS vs SLDP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $3.6M |
| Net Profit | — | — |
| Gross Margin | 12.4% | — |
| Operating Margin | — | -730.1% |
| Net Margin | — | — |
| Revenue YoY | 205.5% | -18.6% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-1.58 | $-0.15 |
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 | $3.6M | ||
| Q3 25 | $4.9M | $3.7M | ||
| Q2 25 | $2.8M | $6.5M | ||
| Q1 25 | $1.7M | $6.0M | ||
| Q4 24 | $2.3M | $4.5M | ||
| Q3 24 | $739.2K | $4.7M | ||
| Q2 24 | $561.2K | $5.1M | ||
| Q1 24 | $451.4K | $6.0M |
| Q4 25 | — | — | ||
| Q3 25 | $65.6M | $-25.9M | ||
| Q2 25 | $3.9M | $-25.3M | ||
| Q1 25 | $-17.3M | $-15.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-9.0M | $-22.4M | ||
| Q2 24 | $-6.7M | $-22.3M | ||
| Q1 24 | $12.3M | $-21.2M |
| 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% | — |
| Q4 25 | — | -730.1% | ||
| Q3 25 | — | -654.4% | ||
| Q2 25 | — | -398.9% | ||
| Q1 25 | — | -399.4% | ||
| Q4 24 | — | -561.1% | ||
| Q3 24 | — | -593.2% | ||
| Q2 24 | — | -530.8% | ||
| Q1 24 | — | -433.1% |
| Q4 25 | — | — | ||
| Q3 25 | 1328.1% | -693.1% | ||
| Q2 25 | 140.0% | -390.7% | ||
| Q1 25 | -1022.5% | -251.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | -1223.0% | -482.0% | ||
| Q2 24 | -1198.9% | -438.9% | ||
| Q1 24 | 2715.3% | -356.2% |
| Q4 25 | $-1.58 | $-0.15 | ||
| Q3 25 | $1.30 | $-0.14 | ||
| Q2 25 | $0.14 | $-0.14 | ||
| Q1 25 | $-0.86 | $-0.08 | ||
| Q4 24 | $0.28 | $-0.16 | ||
| Q3 24 | $-0.56 | $-0.13 | ||
| Q2 24 | $-0.43 | $-0.13 | ||
| Q1 24 | $0.63 | $-0.12 |
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 | $250.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $139.4M | $415.7M |
| Total Assets | $214.6M | $455.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $250.8M | ||
| Q3 25 | $4.5M | $251.2M | ||
| Q2 25 | $639.2K | $230.9M | ||
| Q1 25 | $269.9K | $240.9M | ||
| Q4 24 | $2.0M | $118.2M | ||
| Q3 24 | $254.5K | $132.0M | ||
| Q2 24 | $536.7K | $140.5M | ||
| Q1 24 | $670.6K | $146.6M |
| Q4 25 | $139.4M | $415.7M | ||
| Q3 25 | $225.4M | $381.2M | ||
| Q2 25 | $31.1M | $370.6M | ||
| Q1 25 | $20.6M | $397.1M | ||
| Q4 24 | $34.0M | $410.3M | ||
| Q3 24 | $25.2M | $439.4M | ||
| Q2 24 | $33.1M | $456.8M | ||
| Q1 24 | $39.3M | $479.4M |
| Q4 25 | $214.6M | $455.1M | ||
| Q3 25 | $298.9M | $416.1M | ||
| Q2 25 | $40.8M | $398.0M | ||
| Q1 25 | $21.0M | $419.4M | ||
| Q4 24 | $38.2M | $448.3M | ||
| Q3 24 | $26.5M | $470.9M | ||
| Q2 24 | $33.8M | $492.6M | ||
| Q1 24 | $39.5M | $516.2M |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | $-9.8M | $-23.0M |
| FCF MarginFCF / Revenue | -138.1% | -633.0% |
| Capex IntensityCapex / Revenue | 0.2% | 126.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-15.8M | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.8M | $-18.4M | ||
| Q3 25 | $-2.8M | $-14.3M | ||
| Q2 25 | $-1.3M | $-14.4M | ||
| Q1 25 | $-1.9M | $-26.3M | ||
| Q4 24 | $-3.5M | $-13.9M | ||
| Q3 24 | $-695.2K | $-9.9M | ||
| Q2 24 | $-924.1K | $-11.1M | ||
| Q1 24 | $-769.0K | $-29.1M |
| Q4 25 | $-9.8M | $-23.0M | ||
| Q3 25 | $-2.8M | $-14.8M | ||
| Q2 25 | $-1.3M | $-17.1M | ||
| Q1 25 | $-1.9M | $-28.6M | ||
| Q4 24 | $-3.5M | $-18.6M | ||
| Q3 24 | — | $-12.6M | ||
| Q2 24 | — | $-15.5M | ||
| Q1 24 | — | $-33.1M |
| Q4 25 | -138.1% | -633.0% | ||
| Q3 25 | -56.7% | -397.6% | ||
| Q2 25 | -48.2% | -264.2% | ||
| Q1 25 | -112.7% | -476.1% | ||
| Q4 24 | -152.2% | -416.5% | ||
| Q3 24 | — | -271.5% | ||
| Q2 24 | — | -305.8% | ||
| Q1 24 | — | -556.3% |
| Q4 25 | 0.2% | 126.5% | ||
| Q3 25 | 0.1% | 15.3% | ||
| Q2 25 | 0.1% | 41.5% | ||
| Q1 25 | 0.1% | 39.1% | ||
| Q4 24 | 0.1% | 105.5% | ||
| Q3 24 | — | 59.7% | ||
| Q2 24 | — | 86.8% | ||
| Q1 24 | — | 68.1% |
| 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% |
SLDP
Segment breakdown not available.
