8-K Announcements
3Material company update
Feb 24, 2026·SEC
Material company update
Oct 7, 2025·SEC
Material company update
Oct 3, 2025·SEC
BTC Development Corp. Class A Ordinary Shares(BDCI)Earnings, Financials & Key Ratios
BDCI•NASDAQ
$10.10
187.4× P/E·Price updated Jul 7, 2026
- EBITDA-$541K
- Net Income$2M
- EPS (Diluted)0.05
BDCI Price & Volume
BTC Development Corp. Class A Ordinary Shares (BDCI) stock price & volume — 10-year historical chart
Loading chart...
Nascent Revenue Generation Masks Structural Liquidity Risks
Investment Thesis • Updated 2025Q4
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and funding reliance
Key Thesis Takeaways
- BTC Development Corp.
- currently operates in a pre-revenue phase, characterized by a significant disconnect between reported net income of $2.0M and negative operating cash flows of $745.8K.
- The firm's reliance on external funding is underscored by a negative equity position of $8.6M, which suggests substantial long-term capital structure risks.
- Investors should monitor the firm's ability to transition from non-operating accounting gains to sustainable, cash-generative investment activities.
Verdict Logic
the firm's inability to generate positive operating cash flow, coupled with a negative equity position of $8.6M, suggests an unsustainable reliance on external capital to fund ongoing operations.
BDCI Growth Metrics
BTC Development Corp. Class A Ordinary Shares (BDCI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-0.21%
5 Years-0.21%
3 Years-0.21%
Last Year-0.21%
BDCI Recent Earnings
BTC Development Corp. Class A Ordinary Shares (BDCI) EPS & revenue vs analyst estimates — last 1 quarters
Q2 2026Latest
May 12, 2026Metric
Actual
Est
EPS
$0.05
—
Rev
—
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 12, 2026 | $0.05 | — |
Based on last 1 quarters of dataView full earnings history →
BDCI SEC Filings & Documents
BTC Development Corp. Class A Ordinary Shares (BDCI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when BDCI posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
BDCI Frequently Asked Questions
BTC Development Corp. Class A Ordinary Shares (BDCI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Is BDCI profitable?
Yes, BTC Development Corp. Class A Ordinary Shares (BDCI) is profitable, generating $1.9M in net income for fiscal year 2025.
Dividend & Returns
What is BTC Development Corp. Class A Ordinary Shares's free cash flow?
BTC Development Corp. Class A Ordinary Shares (BDCI) had negative free cash flow of $0.7M in fiscal year 2025, likely due to heavy capital investments.