BTCS (BTCS) reported R&D of $80.44K in Q1 2026.

How has BTCS's R&D changed year-over-year?

BTCS's R&D decreased by 61.6% year-over-year, from $209.25K to $80.44K.

What is the long-term trend for BTCS's R&D?

Over 4 years (2021 to 2025), BTCS's R&D has grown at a -1.2% compound annual growth rate (CAGR), from $712.74K to $679.43K.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

BTCS BTCS R&D

R&D at other companies

Coinbase Global, Inc.COIN

$525.65M+47.9%

Other financials

Income statement

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Revenue$2.1M+27.1%

Gross profit$1.0M+743%

Net income-$69.2M-301%

EPS (diluted)-$1.43-66.3%

Balance sheet

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Cash & equivalents$285.0K+5.6%

Total equity$72.1M+251%

Total assets$129.0M+513%

Cash flow

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Operating cash flow-$1.7M+8.4%

CapEx$4.7K+616%

Free cash flow-$3.8M-325%

Valuation

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Market cap$55.25M+16.9%

P/S3.3×-3.0×

Profitability

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Gross margin17.1%+2.5pp

Operating margin-35,039.6%—

Net margin-503%—

FCF margin-59.4%-14.2pp

Returns & leverage

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Return on equity-184%—

Debt / equity2.1×—

Current ratio2.9×-40.5×

Where this comes from

Reported directly by BTCS in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: BTCS’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BTCS's R&D?: BTCS (BTCS) reported R&D of $80.44K in Q1 2026.
How has BTCS's R&D changed year-over-year?: BTCS's R&D decreased by 61.6% year-over-year, from $209.25K to $80.44K.
What is the long-term trend for BTCS's R&D?: Over 4 years (2021 to 2025), BTCS's R&D has grown at a -1.2% compound annual growth rate (CAGR), from $712.74K to $679.43K.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.