BTCSBTCS +4.95%39 Gross Margin % is 47.23% as of Mar. 2026, which is 4% below its 10-year median of 49.38. GuruFocus rates BTCS with a GF Score™ of 39/100 and a GF Value™ of $4.67 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 617 Capital Markets companies, BTCS ranks worse than 73.1% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. BTCS's Gross Profit for the
three
months ended in Mar. 2026 was $1.01 Mil. BTCS's Revenue for the
three
months ended in Mar. 2026 was $2.15 Mil. Therefore, BTCS's Gross Margin % for the quarter that ended in Mar. 2026 was 47.23%.
The historical rank and industry rank for BTCS's Gross Margin % or its related term are showing as below:
BTCS'
s Gross Margin % Range Over the Past 10 Years
Min: 12.19 Med: 49.38 Max: 77.91
Current: 17.11
During the past 13 years, the highestGross Margin % of BTCS was 77.91%. The lowest was 12.19%. And the median was 49.38%.
BTCS's Gross Margin % is ranked worse than 73.1% of 617
companies
in the Capital Markets industry
Industry Median: 48.3
vs BTCS: 17.11
BTCS had a gross margin of 47.23% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for BTCS was 0.00% per year.
BTCS (NAS:BTCS) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
BTCS had a gross margin of 47.23% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
BTCS Gross Margin % Related Terms
BTCS Gross Margin % Historical Data
* Premium members only.
The historical data trend for BTCS's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BTCS vs NCTY, AUC, SIEB: Gross Margin % Comparison
For the Capital Markets subindustry, BTCS's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BTCS Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BTCS's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BTCS's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
BTCS (BTCS) has a Gross Margin % of 47.23% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on BTCS and its competitors. This is near median its historical median of 49.38. Over the past decade, BTCS's Gross Margin % has ranged from 12.19 to 77.91. According to the industry distribution chart, BTCS ranks #451 out of 617 companies in the Capital Markets industry, placing it in the top 73.1%.
Is BTCS's Gross Margin % too high?
BTCS's current Gross Margin % of 47.23% is near median its 10-year median of 49.38. Over the past 10 years, this metric has ranged from a low of 12.19 to a high of 77.91. The Capital Markets industry median Gross Margin % is 48.30. BTCS's value of 47.23% is 2.2% below this industry median. Based on the distribution chart, BTCS ranks #451 out of 617 companies in the Capital Markets industry, which is below the industry midpoint. Overall, BTCS has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BTCS's Gross Margin % compare to NCTY and AUC?
According to the Capital Markets industry distribution chart, BTCS ranks #451 out of 617 companies for Gross Margin %. This places BTCS in the lower half of its industry. The industry median Gross Margin % is 48.30. BTCS's value of 47.23% is 2.2% below this benchmark. Historically, BTCS's own Gross Margin % has ranged from 12.19 to 77.91 over the past decade. While the company's 10-year median is 49.38 vs. the industry median of 48.30, BTCS has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 48.30, based on 617 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BTCS's current Gross Margin % of 47.23% is 2.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on BTCS and its competitors. For the Capital Markets industry, the median Gross Margin % is 48.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BTCS's current Gross Margin % is 47.23%, which is near median its own 10-year median of 49.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTCS stock overvalued right now?
Based on GuruFocus' analysis, BTCS (BTCS) is currently considered Possible Value Trap. The stock's GF Value™ is $4.67, compared to a current price of $1.07 — trading 77.2% below its estimated fair value. The current Gross Margin % is 47.23%, which is near median its 10-year median of 49.38 and 2.2% below the Capital Markets industry median of 48.30. BTCS's overall GF Score™ is 39/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For BTCS (BTCS), the current Gross Margin % is 47.23% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BTCS (BTCS) Overvalued in 2026?
Based on GuruFocus' analysis, BTCS stock appears to be undervalued.
The current stock price of $1.07 is trading 77.2% below its estimated GF Value™ of $4.67.
GuruFocus considers BTCS to be Possible Value Trap.
Key valuation signals for BTCS:
Gross Margin %: 47.23% (near median its 10-year median of 49.38)
GF Value™: $4.67 vs. price of $1.07 (77.2% below fair value)
Industry Position: 2.2% below the Capital Markets median (#451 of 617)
No single metric tells the full story. See the BTCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BTCS Inc is is a U.S.-based, Nasdaq-listed blockchain technology company focused on revenue generation through blockchain infrastructure and decentralized finance (DeFi) activities, mainly on the Ethereum network. BTCS operates as an active participant in the Ethereum ecosystem, generating digital asset-denominated on-chain revenues through its operations.
39GF Score
Get the complete analysis for BTCS
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BTCS has been successfully added to your 
