vs

Side-by-side financial comparison of BTCS Inc. (BTCS) and SMITH MICRO SOFTWARE, INC. (SMSI). Click either name above to swap in a different company.

BTCS Inc. is the larger business by last-quarter revenue ($7.1M vs $4.0M, roughly 1.8× SMITH MICRO SOFTWARE, INC.). On growth, BTCS Inc. posted the faster year-over-year revenue change (205.5% vs -20.0%). Over the past eight quarters, BTCS Inc.'s revenue compounded faster (296.4% CAGR vs -17.2%).

Smith Micro Software, Inc., founded in 1982 by William W. Smith, Jr., is a developer and marketer of both enterprise and consumer-level software and services. Headquartered in Pittsburgh, Pennsylvania, Smith Micro maintains multiple domestic and international offices. United States locations include Aliso Viejo, California, and Pittsburgh, Pennsylvania. International offices are located throughout Europe and Asia. Currently, the company focuses on digital lifestyle solutions and security tech...

BTCS vs SMSI — Head-to-Head

Bigger by revenue
BTCS
BTCS
1.8× larger
BTCS
$7.1M
$4.0M
SMSI
Growing faster (revenue YoY)
BTCS
BTCS
+225.5% gap
BTCS
205.5%
-20.0%
SMSI
Faster 2-yr revenue CAGR
BTCS
BTCS
Annualised
BTCS
296.4%
-17.2%
SMSI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BTCS
BTCS
SMSI
SMSI
Revenue
$7.1M
$4.0M
Net Profit
Gross Margin
12.4%
76.4%
Operating Margin
-109.8%
Net Margin
Revenue YoY
205.5%
-20.0%
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.

Revenue
BTCS
BTCS
SMSI
SMSI
Q4 25
$7.1M
$4.0M
Q3 25
$4.9M
$4.3M
Q2 25
$2.8M
$4.4M
Q1 25
$1.7M
$4.6M
Q4 24
$2.3M
$5.0M
Q3 24
$739.2K
$4.6M
Q2 24
$561.2K
$5.1M
Q1 24
$451.4K
$5.8M
Net Profit
BTCS
BTCS
SMSI
SMSI
Q4 25
Q3 25
$65.6M
$-4.5M
Q2 25
$3.9M
$-15.1M
Q1 25
$-17.3M
$-5.2M
Q4 24
Q3 24
$-9.0M
$-6.4M
Q2 24
$-6.7M
$-6.9M
Q1 24
$12.3M
$-31.0M
Gross Margin
BTCS
BTCS
SMSI
SMSI
Q4 25
12.4%
76.4%
Q3 25
22.0%
73.9%
Q2 25
-2.9%
73.5%
Q1 25
7.1%
72.8%
Q4 24
2.9%
75.6%
Q3 24
26.5%
71.6%
Q2 24
69.9%
68.7%
Q1 24
64.4%
65.7%
Operating Margin
BTCS
BTCS
SMSI
SMSI
Q4 25
-109.8%
Q3 25
-103.2%
Q2 25
-338.3%
Q1 25
-112.7%
Q4 24
-89.7%
Q3 24
-140.0%
Q2 24
-135.8%
Q1 24
-542.4%
Net Margin
BTCS
BTCS
SMSI
SMSI
Q4 25
Q3 25
1328.1%
-104.3%
Q2 25
140.0%
-340.8%
Q1 25
-1022.5%
-112.1%
Q4 24
Q3 24
-1223.0%
-137.0%
Q2 24
-1198.9%
-134.8%
Q1 24
2715.3%
-534.8%
EPS (diluted)
BTCS
BTCS
SMSI
SMSI
Q4 25
$-1.58
$-0.15
Q3 25
$1.30
$-0.25
Q2 25
$0.14
$-0.78
Q1 25
$-0.86
$-0.28
Q4 24
$0.28
$0.54
Q3 24
$-0.56
$-0.54
Q2 24
$-0.43
$-0.66
Q1 24
$0.63
$-3.28

Balance Sheet & Financial Strength

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

Metric
BTCS
BTCS
SMSI
SMSI
Cash + ST InvestmentsLiquidity on hand
$1.5M
$1.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$139.4M
$18.4M
Total Assets
$214.6M
$25.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTCS
BTCS
SMSI
SMSI
Q4 25
$1.5M
$1.5M
Q3 25
$4.5M
$1.4M
Q2 25
$639.2K
$1.4M
Q1 25
$269.9K
$2.3M
Q4 24
$2.0M
$2.8M
Q3 24
$254.5K
$1.5M
Q2 24
$536.7K
$5.6M
Q1 24
$670.6K
$6.2M
Stockholders' Equity
BTCS
BTCS
SMSI
SMSI
Q4 25
$139.4M
$18.4M
Q3 25
$225.4M
$19.9M
Q2 25
$31.1M
$22.4M
Q1 25
$20.6M
$36.6M
Q4 24
$34.0M
$40.8M
Q3 24
$25.2M
$37.7M
Q2 24
$33.1M
$42.9M
Q1 24
$39.3M
$45.4M
Total Assets
BTCS
BTCS
SMSI
SMSI
Q4 25
$214.6M
$25.0M
Q3 25
$298.9M
$27.1M
Q2 25
$40.8M
$29.6M
Q1 25
$21.0M
$43.4M
Q4 24
$38.2M
$48.0M
Q3 24
$26.5M
$46.2M
Q2 24
$33.8M
$53.0M
Q1 24
$39.5M
$55.4M

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
SMSI
SMSI
Operating Cash FlowLast quarter
$-9.8M
$-2.2M
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
SMSI
SMSI
Q4 25
$-9.8M
$-2.2M
Q3 25
$-2.8M
$-2.1M
Q2 25
$-1.3M
$-2.3M
Q1 25
$-1.9M
$-602.0K
Q4 24
$-3.5M
$-4.9M
Q3 24
$-695.2K
$-3.8M
Q2 24
$-924.1K
$-4.2M
Q1 24
$-769.0K
$-1.3M
Free Cash Flow
BTCS
BTCS
SMSI
SMSI
Q4 25
$-9.8M
Q3 25
$-2.8M
$-2.2M
Q2 25
$-1.3M
Q1 25
$-1.9M
$-606.0K
Q4 24
$-3.5M
$-4.9M
Q3 24
$-3.8M
Q2 24
$-4.2M
Q1 24
$-1.3M
FCF Margin
BTCS
BTCS
SMSI
SMSI
Q4 25
-138.1%
Q3 25
-56.7%
-49.6%
Q2 25
-48.2%
Q1 25
-112.7%
-13.1%
Q4 24
-152.2%
-99.2%
Q3 24
-82.2%
Q2 24
-82.0%
Q1 24
-23.3%
Capex Intensity
BTCS
BTCS
SMSI
SMSI
Q4 25
0.2%
Q3 25
0.1%
0.5%
Q2 25
0.1%
Q1 25
0.1%
0.1%
Q4 24
0.1%
0.1%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
BTCS
BTCS
SMSI
SMSI
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%

SMSI
SMSI

Family Safety$3.2M80%
Other$797.0K20%

Related Comparisons