BTCS Q2 2026 gross profit rises 47% to $1.5 million; net loss narrows to $34.9 million
BTCS reported second-quarter 2026 results, with total revenue up 14% from the first quarter to $2.4 million and gross profit up 47% to $1.5 million at a 61% margin, driven by its Imperium DeFi business. The company still posted a net loss of $34.9 million, mainly from non-cash digital asset losses, though that was smaller than the $69.1 million loss in the first quarter and the company had net income of $3.9 million in the year-earlier quarter.
Key points
- Total revenue was $2.4 million for Q2 2026, up 14% from $2.1 million in Q1 2026; DeFi revenue from Imperium rose 48% to $1.5 million.
- Gross profit was $1.5 million (61% margin) versus $1.0 million (47% margin) in Q1 2026.
- Net loss was $34.9 million for Q2 2026, compared with a net loss of $69.1 million in Q1 2026 and net income of $3.9 million in Q2 2025.
- Total debt fell to $50.4 million as of June 30, 2026, from $74.8 million on March 31, 2026, and total assets were $89.3 million.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.