Bitcoin Depot Financials
This page shows Bitcoin Depot (BTMWQ) 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'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 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 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 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 generated $614.9M in revenue in fiscal year 2025. This represents an increase of 7.2% from the prior year.
Bitcoin Depot'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 reported -$6.2M in net income in fiscal year 2025. This represents an increase of 47.1% from the prior year.
Bitcoin Depot 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 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 held $65.6M in cash against $60.5M in long-term debt as of fiscal year 2025.
Margins & Returns
Bitcoin Depot'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'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'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's ROE was -54.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Bitcoin Depot 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 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.
BTMWQ 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 |
BTMWQ 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 |
BTMWQ 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 |
BTMWQ 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's annual revenue?
Bitcoin Depot (BTMWQ) 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's revenue growing?
Bitcoin Depot (BTMWQ) revenue grew by 7.2% year-over-year, from $573.7M to $614.9M in fiscal year 2025.
Is Bitcoin Depot profitable?
No, Bitcoin Depot (BTMWQ) reported a net income of -$6.2M in fiscal year 2025, with a net profit margin of -1.0%.
What is Bitcoin Depot's EBITDA?
Bitcoin Depot (BTMWQ) had EBITDA of $48.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bitcoin Depot have?
As of fiscal year 2025, Bitcoin Depot (BTMWQ) had $65.6M in cash and equivalents against $60.5M in long-term debt.
What is Bitcoin Depot's gross margin?
Bitcoin Depot (BTMWQ) 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's operating margin?
Bitcoin Depot (BTMWQ) 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's net profit margin?
Bitcoin Depot (BTMWQ) 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's return on equity (ROE)?
Bitcoin Depot (BTMWQ) 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's free cash flow?
Bitcoin Depot (BTMWQ) 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's operating cash flow?
Bitcoin Depot (BTMWQ) generated $34.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bitcoin Depot's total assets?
Bitcoin Depot (BTMWQ) had $130.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bitcoin Depot's capital expenditures?
Bitcoin Depot (BTMWQ) invested $5.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bitcoin Depot's current ratio?
Bitcoin Depot (BTMWQ) had a current ratio of 1.26 as of fiscal year 2025, which is considered adequate.
What is Bitcoin Depot's debt-to-equity ratio?
Bitcoin Depot (BTMWQ) 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's return on assets (ROA)?
Bitcoin Depot (BTMWQ) 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's Piotroski F-Score?
Bitcoin Depot (BTMWQ) 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's earnings high quality?
Bitcoin Depot (BTMWQ) 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 cover its interest payments?
Bitcoin Depot (BTMWQ) 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.