Bitcoin Depot Inc. Financials
This page shows Bitcoin Depot Inc. (BTMCQ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
We are recalculating Bitcoin Depot Inc.'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Bitcoin Depot Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Bitcoin Depot Inc. generates $-5.50 in operating cash flow ($34.0M OCF vs -$6.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Bitcoin Depot Inc. earns $2.9 in operating income for every $1 of interest expense ($41.2M vs $14.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Bitcoin Depot Inc. generated $614.9M in revenue in fiscal year 2025. This represents an increase of 7.2% from the prior year.
Bitcoin Depot Inc.'s EBITDA was $48.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 42.6% from the prior year.
Bitcoin Depot Inc. reported -$6.2M in net income in fiscal year 2025. This represents an increase of 47.1% from the prior year.
Bitcoin Depot Inc. earned $-0.86 per diluted share (EPS) in fiscal year 2025. This represents an increase of 79.6% from the prior year.
Cash & Balance Sheet
Bitcoin Depot Inc. generated $28.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 141.6% from the prior year.
Bitcoin Depot Inc. held $65.6M in cash against $60.5M in long-term debt as of fiscal year 2025.
Margins & Returns
Bitcoin Depot Inc.'s gross margin was 18.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.5 percentage points from the prior year.
Bitcoin Depot Inc.'s operating margin was 6.7% in fiscal year 2025, reflecting core business profitability. This is up 2.5 percentage points from the prior year.
Bitcoin Depot Inc.'s net profit margin was -1.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.
Bitcoin Depot Inc.'s ROE was -54.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Bitcoin Depot Inc. spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Bitcoin Depot Inc. invested $5.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 48.9% from the prior year.
BTMCQ Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $116.0M-28.6% | $162.5M-5.6% | $172.1M+4.8% | $164.2M+20.0% | $136.8M+1.2% | $135.3M-17.0% | $163.1M+17.7% | $138.5M |
| Cost of Revenue | $98.7M-25.4% | $132.4M-5.0% | $139.4M+6.3% | $131.1M+17.7% | $111.4M-1.3% | $112.9M-17.4% | $136.7M+12.7% | $121.3M |
| Gross Profit | $17.3M-42.5% | $30.1M-7.9% | $32.7M-1.2% | $33.1M+30.4% | $25.4M+13.4% | $22.4M-14.9% | $26.4M+52.8% | $17.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $19.4M+18.1% | $16.4M+8.8% | $15.1M+12.4% | $13.4M+2.6% | $13.1M-10.9% | $14.7M-6.8% | $15.8M+15.8% | $13.6M |
| Operating Income | -$4.1M-134.9% | $11.8M-25.2% | $15.7M-11.5% | $17.8M+70.7% | $10.4M+90.3% | $5.5M-27.9% | $7.6M+987.8% | $699K |
| Interest Expense | -$2.5M+39.8% | -$4.1M+12.5% | -$4.7M-54.0% | -$3.1M+11.5% | -$3.5M-19.3% | -$2.9M-0.9% | -$2.9M+41.7% | -$4.9M |
| Income Tax | -$3.4M-210.7% | $3.0M+161.8% | $1.2M-20.0% | $1.5M-12.5% | $1.7M+378.1% | $347K+28.5% | $270K+295.7% | -$138K |
| Net Income | -$22.0M-496.6% | $5.5M-8.7% | $6.1M+44.8% | $4.2M+163.1% | -$6.6M-608.0% | -$939K+63.3% | -$2.6M-66.5% | -$1.5M |
| EPS (Diluted) | N/A | $0.08-50.0% | $0.16-20.0% | $0.20 | N/A | $-0.05+61.5% | $-0.13+48.0% | $-0.25 |
BTMCQ Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $130.6M+4.2% | $125.3M+14.9% | $109.1M+21.5% | $89.7M+12.0% | $80.1M-8.4% | $87.4M-10.3% | $97.5M+8.3% | $90.1M |
| Current Assets | $80.3M+1.4% | $79.2M+26.3% | $62.7M+37.5% | $45.6M+32.8% | $34.3M-17.0% | $41.4M-24.3% | $54.6M+5.7% | $51.7M |
| Cash & Equivalents | $65.6M+10.7% | $59.3M+23.4% | $48.0M+37.4% | $35.0M+18.6% | $29.5M-8.6% | $32.2M-26.7% | $43.9M+4.2% | $42.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $639K-57.7% | $1.5M+3876.3% | $38K-74.1% | $147K-46.5% | $275K-27.6% | $380K+19.9% | $317K-8.9% | $348K |
| Goodwill | $8.7M0.0% | $8.7M0.0% | $8.7M0.0% | $8.7M0.0% | $8.7M0.0% | $8.7M0.0% | $8.7M0.0% | $8.7M |
| Total Liabilities | $119.2M+14.3% | $104.3M-0.1% | $104.4M+10.7% | $94.3M-2.4% | $96.6M+1.3% | $95.3M+2.4% | $93.1M+9.4% | $85.1M |
| Current Liabilities | $63.7M+51.1% | $42.1M-5.4% | $44.5M+6.2% | $41.9M+3.2% | $40.6M-11.0% | $45.6M-2.7% | $46.9M+5.3% | $44.6M |
| Long-Term Debt | $60.5M-10.4% | $67.5M+1.5% | $66.5M+18.4% | $56.2M-0.1% | $56.2M+26.4% | $44.5M+8.1% | $41.2M+9.6% | $37.6M |
| Total Equity | $11.4M-45.7% | $21.0M+347.8% | $4.7M+202.2% | -$4.6M+72.1% | -$16.5M-109.6% | -$7.9M-277.0% | $4.4M-10.8% | $5.0M |
| Retained Earnings | -$49.6M-79.4% | -$27.7M+16.8% | -$33.2M+15.4% | -$39.3M+11.4% | -$44.3M-17.6% | -$37.7M-2.6% | -$36.8M-7.5% | -$34.2M |
BTMCQ Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $945K-85.7% | $6.6M-34.7% | $10.2M-37.5% | $16.3M+207.1% | $5.3M-8.4% | $5.8M-43.0% | $10.1M+651.9% | $1.3M |
| Capital Expenditures | $634K-84.5% | $4.1M+949.1% | $389K+1.0% | $385K-55.4% | $864K-87.3% | $6.8M+171.6% | $2.5M+349.8% | $558K |
| Free Cash Flow | $311K-87.8% | $2.5M-73.9% | $9.8M-38.5% | $15.9M+258.4% | $4.4M+525.7% | -$1.0M-113.7% | $7.6M+865.5% | $789K |
| Investing Cash Flow | -$634K+84.5% | -$4.1M-329.6% | -$950K+88.4% | -$8.2M-850.1% | -$864K+88.2% | -$7.3M-178.0% | -$2.6M-371.7% | -$558K |
| Financing Cash Flow | $6.0M-32.0% | $8.8M+120.3% | $4.0M+256.4% | -$2.5M+64.9% | -$7.3M+28.5% | -$10.2M-77.9% | -$5.7M-149.4% | $11.6M |
| Dividends Paid | -$15K | $0-100.0% | $7.6M+208.4% | $2.5M-82.8% | $14.4M-3.9% | $15.0M+119.6% | $6.8M+645.9% | $916K |
| Share Buybacks | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $158K |
BTMCQ Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.9%-3.6pp | 18.5%-0.5pp | 19.0%-1.2pp | 20.2%+1.6pp | 18.6%+2.0pp | 16.6%+0.4pp | 16.2%+3.7pp | 12.4% |
| Operating Margin | -3.5%-10.8pp | 7.2%-1.9pp | 9.2%-1.7pp | 10.8%+3.2pp | 7.6%+3.6pp | 4.0%-0.6pp | 4.7%+4.2pp | 0.5% |
| Net Margin | -18.9%-22.4pp | 3.4%-0.1pp | 3.5%+1.0pp | 2.5%+7.4pp | -4.9%-4.2pp | -0.7%+0.9pp | -1.6%-0.5pp | -1.1% |
| Return on Equity | -192.6%-219.0pp | 26.4%-103.0pp | 129.3% | N/A | N/A | N/A | -57.6%-26.8pp | -30.9% |
| Return on Assets | -16.8%-21.3pp | 4.4%-1.1pp | 5.6%+0.9pp | 4.7%+13.0pp | -8.3%-7.2pp | -1.1%+1.6pp | -2.6%-0.9pp | -1.7% |
| Current Ratio | 1.26-0.6 | 1.88+0.5 | 1.41+0.3 | 1.09+0.2 | 0.84-0.1 | 0.91-0.3 | 1.160.0 | 1.16 |
| Debt-to-Equity | 5.30+2.1 | 3.21-11.0 | 14.18+26.4 | -12.24-8.8 | -3.41+2.2 | -5.66-14.9 | 9.27+1.7 | 7.54 |
| FCF Margin | 0.3%-1.3pp | 1.6%-4.1pp | 5.7%-4.0pp | 9.7%+6.4pp | 3.2%+4.0pp | -0.8%-5.4pp | 4.7%+4.1pp | 0.6% |
Frequently Asked Questions
What is Bitcoin Depot Inc.'s annual revenue?
Bitcoin Depot Inc. (BTMCQ) reported $614.9M in total revenue for fiscal year 2025. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bitcoin Depot Inc.'s revenue growing?
Bitcoin Depot Inc. (BTMCQ) revenue grew by 7.2% year-over-year, from $573.7M to $614.9M in fiscal year 2025.
Is Bitcoin Depot Inc. profitable?
No, Bitcoin Depot Inc. (BTMCQ) reported a net income of -$6.2M in fiscal year 2025, with a net profit margin of -1.0%.
What is Bitcoin Depot Inc.'s EBITDA?
Bitcoin Depot Inc. (BTMCQ) had EBITDA of $48.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bitcoin Depot Inc. have?
As of fiscal year 2025, Bitcoin Depot Inc. (BTMCQ) had $65.6M in cash and equivalents against $60.5M in long-term debt.
What is Bitcoin Depot Inc.'s gross margin?
Bitcoin Depot Inc. (BTMCQ) had a gross margin of 18.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Bitcoin Depot Inc.'s operating margin?
Bitcoin Depot Inc. (BTMCQ) had an operating margin of 6.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Bitcoin Depot Inc.'s net profit margin?
Bitcoin Depot Inc. (BTMCQ) had a net profit margin of -1.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Bitcoin Depot Inc.'s return on equity (ROE)?
Bitcoin Depot Inc. (BTMCQ) has a return on equity of -54.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bitcoin Depot Inc.'s free cash flow?
Bitcoin Depot Inc. (BTMCQ) generated $28.5M in free cash flow during fiscal year 2025. This represents a 141.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bitcoin Depot Inc.'s operating cash flow?
Bitcoin Depot Inc. (BTMCQ) generated $34.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bitcoin Depot Inc.'s total assets?
Bitcoin Depot Inc. (BTMCQ) had $130.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bitcoin Depot Inc.'s capital expenditures?
Bitcoin Depot Inc. (BTMCQ) invested $5.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bitcoin Depot Inc.'s current ratio?
Bitcoin Depot Inc. (BTMCQ) had a current ratio of 1.26 as of fiscal year 2025, which is considered adequate.
What is Bitcoin Depot Inc.'s debt-to-equity ratio?
Bitcoin Depot Inc. (BTMCQ) had a debt-to-equity ratio of 5.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bitcoin Depot Inc.'s return on assets (ROA)?
Bitcoin Depot Inc. (BTMCQ) had a return on assets of -4.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bitcoin Depot Inc.'s Piotroski F-Score?
Bitcoin Depot Inc. (BTMCQ) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bitcoin Depot Inc.'s earnings high quality?
Bitcoin Depot Inc. (BTMCQ) has an earnings quality ratio of -5.50x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Bitcoin Depot Inc. cover its interest payments?
Bitcoin Depot Inc. (BTMCQ) has an interest coverage ratio of 2.9x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.