BITCOIN DEPOT INC WTS (BTMWQ) Financials
Newest figures come from the 10-K for FY2025, filed Apr 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BTMWQ SEC filings page.
BITCOIN DEPOT INC WTS (BTMWQ) reported $614.9M in revenue for fiscal year 2025, up 7.2% from the prior fiscal year. This page shows its 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
BITCOIN DEPOT INC WTS does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
BITCOIN DEPOT INC WTS 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.
BITCOIN DEPOT INC WTS reported a net loss of $6.2M while generating $34.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
BITCOIN DEPOT INC WTS earns $2.86 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 WTS generated $116.0M in revenue in Q4 2025. This represents a decrease of 15.2% from the same quarter a year earlier. Against the prior quarter it is down 28.6%.
BITCOIN DEPOT INC WTS's EBITDA was -$2.1M in Q4 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 117.1% from the same quarter a year earlier. Against the prior quarter it is down 115.4%.
BITCOIN DEPOT INC WTS reported -$22.0M in net income in Q4 2025. This represents a decrease of 230.8% from the same quarter a year earlier. Against the prior quarter it is down 496.6%.
Not reported for Q4 2025.
Cash & Balance Sheet
BITCOIN DEPOT INC WTS generated $311K in free cash flow in Q4 2025, representing cash available after capex. This represents a decrease of 93.0% from the same quarter a year earlier. Against the prior quarter it is down 87.8%.
BITCOIN DEPOT INC WTS held $65.6M in cash against $60.5M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Margins & Returns
BITCOIN DEPOT INC WTS's gross margin was 14.9% in Q4 2025, indicating the percentage of revenue retained after direct costs. This is down 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.6 percentage points.
BITCOIN DEPOT INC WTS's operating margin was -3.5% in Q4 2025, reflecting core business profitability. This is down 11.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.8 percentage points.
BITCOIN DEPOT INC WTS's net profit margin was -18.9% in Q4 2025, showing the share of revenue converted to profit. This is down 14.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 22.4 percentage points.
BITCOIN DEPOT INC WTS's ROE was -192.6% in Q4 2025, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 219.0 percentage points.
Capital Allocation
BITCOIN DEPOT INC WTS repurchased no shares in Q4 2025.
BITCOIN DEPOT INC WTS invested $634K in capex in Q4 2025, funding long-term assets and infrastructure. This represents a decrease of 26.6% from the same quarter a year earlier. Against the prior quarter it is down 84.5%.
Not reported for Q4 2025.
BTMWQ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'25 | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $116.0M-15.2% | $162.5M+20.1% | $172.1M+5.5% | $164.2M+18.5% | $136.8M-7.8% | $135.3M-24.6% | $163.1M-17.4% | $138.5M-15.3% |
| Cost of Revenue | $98.7M-11.4% | $132.4M+17.3% | $139.4M+2.0% | $131.1M+8.1% | $111.4M-12.2% | $112.9M-26.0% | $136.7M-18.3% | $121.3M-14.2% |
| Gross Profit | $17.3M-31.9% | $30.1M+34.4% | $32.7M+24.2% | $33.1M+92.1% | $25.4M+17.9% | $22.4M-16.8% | $26.4M-12.8% | $17.3M-22.6% |
| SG&A Expenses | $19.4M+48.3% | $16.4M+11.9% | $15.1M-4.1% | $13.4M-1.2% | $13.1M-9.8% | $14.7M-9.5% | $15.8M-2.5% | $13.6M+25.6% |
| Operating Income | -$4.1M-139.5% | $11.8M+115.0% | $15.7M+107.1% | $17.8M+2446.2% | $10.4M+174.5% | $5.5M-26.3% | $7.6M-28.0% | $699K-91.9% |
| EBITDA | -$2.1M-117.1% | $13.7M+77.1% | $17.6M+66.3% | $19.7M+440.2% | $12.3M+75.1% | $7.7M-27.8% | $10.6M-24.7% | $3.6M-68.2% |
| Interest Expense | -$2.5M+28.3% | -$4.1M-42.2% | -$4.7M-64.1% | -$3.1M+37.9% | -$3.5M-92.0% | -$2.9M-5.0% | -$2.9M+34.6% | -$4.9M-67.8% |
| Income Tax | -$3.4M-303.0% | $3.0M+776.7% | $1.2M+330.4% | $1.5M+1152.2% | $1.7M+61.7% | $347K+3.0% | $270K+139.0% | -$138K+77.8% |
| Net Income | -$22.0M-230.8% | $5.5M+690.4% | $6.1M+337.0% | $4.2M+372.6% | -$6.6M+20.0% | -$939K+86.8% | -$2.6M+76.1% | -$1.5M |
| EPS (Basic) | N/A | $0.08+260.0% | $0.16+223.1% | $0.20+180.0% | N/A | -$0.05+88.4% | -$0.13+79.7% | -$0.25 |
| EPS (Diluted) | N/A | $0.08 | $0.16 | $0.20 | N/A | -$0.05+88.4% | -$0.13+79.7% | -$0.25 |
| Diluted Shares (Avg) | N/A | 68M | 38M | 21M | N/A | 21M+24.3% | 19M+16.6% | 17M |
Not reported in any period shown, so not listed: R&D Expenses.
BTMWQ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'25 | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $130.6M+63.0% | $125.3M+43.3% | $109.1M+11.8% | $89.7M-0.4% | $80.1M+7.8% | $87.4M+11.4% | $97.5M+25.1% | $90.1M-72.6% |
| Current Assets | $80.3M+134.0% | $79.2M+91.4% | $62.7M+14.7% | $45.6M-11.8% | $34.3M+0.3% | $41.4M+16.2% | $54.6M+67.1% | $51.7M+9693.2% |
| Cash & Equivalents | $65.6M+122.7% | $59.3M+83.9% | $48.0M+9.3% | $35.0M-17.1% | $29.5M-1.0% | $32.2M+8.6% | $43.9M+60.3% | $42.2M+56101.3% |
| Accounts Receivable | $639K+132.4% | $1.5M+297.6% | $38K-88.0% | $147K-57.8% | $275K+12.2% | $380K+14.5% | $317K-72.0% | $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+23.4% | $104.3M+9.4% | $104.4M+12.1% | $94.3M+10.8% | $96.6M+48.7% | $95.3M+32.6% | $93.1M+27.2% | $85.1M-74.5% |
| Current Liabilities | $63.7M+56.7% | $42.1M-7.7% | $44.5M-5.1% | $41.9M-5.9% | $40.6M-5.5% | $45.6M-7.7% | $46.9M-9.3% | $44.6M+585.9% |
| Non-Current Liabilities | $55.5M-0.8% | $62.1M+25.0% | $59.8M+29.5% | $52.4M+29.2% | $56.0M+154.6% | $49.7M+121.1% | $46.2M+114.9% | $40.5M-87.6% |
| Long-Term Debt | $60.5M+7.6% | $67.5M+51.8% | $66.5M+61.6% | $56.2M+49.6% | $56.2M+149.8% | $44.5M+114.4% | $41.2M+98.4% | $37.6M |
| Total Equity | $11.4M+169.3% | $21.0M+367.2% | $4.7M+5.6% | -$4.6M-192.2% | -$16.5M-275.9% | -$7.9M-219.4% | $4.4M-7.1% | $5.0M+216.2% |
| Retained Earnings | -$49.6M-11.9% | -$27.7M+26.6% | -$33.2M+9.6% | -$39.3M-14.9% | -$44.3M-35.8% | -$37.7M-54.8% | -$36.8M-113.0% | -$34.2M-697.4% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.
BTMWQ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'25 | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $945K-82.1% | $6.6M+14.7% | $10.2M+0.2% | $16.3M+1106.4% | $5.3M-29.7% | $5.8M-17.1% | $10.1M-38.9% | $1.3M-86.5% |
| Depreciation & Amortization | $2.0M+6.1% | $1.9M-15.4% | $1.9M-37.5% | $1.9M-35.6% | $1.9M-41.6% | $2.2M-31.1% | $3.0M-14.5% | $2.9M+5.4% |
| Stock-Based Compensation | N/A | N/A | N/A | $368K-59.0% | N/A | N/A | N/A | $897K+369.6% |
| Capital Expenditures | $634K-26.6% | $4.1M-40.1% | $389K-84.5% | $385K-31.0% | $864K+4982.4% | $6.8M+52346.2% | $2.5M | $558K |
| Free Cash Flow | $311K-93.0% | $2.5M+345.1% | $9.8M+28.2% | $15.9M+1910.8% | $4.4M-41.1% | -$1.0M-114.9% | $7.6M | $789K |
| Investing Cash Flow | -$634K+26.6% | -$4.1M+44.2% | -$950K+63.9% | -$8.2M-1371.1% | -$864K-143.6% | -$7.3M-268.2% | -$2.6M-1107.1% | -$558K-378.9% |
| Financing Cash Flow | $6.0M+182.2% | $8.8M+186.4% | $4.0M+169.7% | -$2.5M-122.0% | -$7.3M+22.8% | -$10.2M-272.7% | -$5.7M+81.5% | $11.6M+296.4% |
| Dividends Paid | -$15K-100.1% | $0-100.0% | $7.6M+11.8% | $2.5M+170.4% | $14.4M+612.4% | $15.0M+5394.5% | $6.8M-44.1% | $916K+90.0% |
| Share Buybacks | $0 | $0 | $0 | $0-100.0% | $0 | $0 | $0 | $158K |
BTMWQ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'25 | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.9%-3.7pp | 18.5%+2.0pp | 19.0%+2.8pp | 20.2%+7.7pp | 18.6%+4.1pp | 16.6%+1.6pp | 16.2%+0.8pp | 12.4%-1.2pp |
| Operating Margin | -3.5%-11.2pp | 7.2%+3.2pp | 9.2%+4.5pp | 10.8%+10.3pp | 7.6%+5.1pp | 4.0%-0.1pp | 4.7%-0.7pp | 0.5%-4.8pp |
| Net Margin | -18.9%-14.1pp | 3.4%+4.1pp | 3.5%+5.1pp | 2.5%+3.7pp | -4.9%+0.7pp | -0.7%+3.3pp | -1.6%+3.9pp | -1.1%-1.1pp |
| Return on Equity | -192.6% | 26.4% | 129.3%+187.0pp | N/A | N/A | N/A | -57.6%+166.2pp | -30.9% |
| Return on Assets | -16.8%-8.5pp | 4.4%+5.5pp | 5.6%+8.2pp | 4.7%+6.4pp | -8.3%+2.9pp | -1.1%+8.0pp | -2.6%+11.1pp | -1.7%-1.7pp |
| Current Ratio | 1.26+0.4x | 1.88+1.0x | 1.41+0.2x | 1.09-0.1x | 0.840.0x | 0.91+0.2x | 1.16+0.5x | 1.16+1.1x |
| Debt-to-Equity | 5.30 | 3.21 | 14.18+4.9x | N/A | N/A | N/A | 9.27+4.9x | 7.54 |
| Asset Turnover | 0.89-0.8x | 1.30-0.2x | 1.58-0.1x | 1.83+0.3x | 1.71-0.3x | 1.55-0.7x | 1.67-0.9x | 1.54+1.0x |
| FCF Margin | 0.3%-3.0pp | 1.6%+2.3pp | 5.7%+1.0pp | 9.7%+9.1pp | 3.2%-1.8pp | -0.8%-4.7pp | 4.7% | 0.6% |
Where BITCOIN DEPOT INC WTS Ranks
Frequently Asked Questions
What is BITCOIN DEPOT INC WTS's annual revenue?
BITCOIN DEPOT INC WTS (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 INC WTS's revenue growing?
BITCOIN DEPOT INC WTS (BTMWQ) revenue grew by 7.2% year-over-year, from $573.7M to $614.9M in fiscal year 2025.
Is BITCOIN DEPOT INC WTS profitable?
No, BITCOIN DEPOT INC WTS (BTMWQ) reported a net income of -$6.2M in fiscal year 2025, with a net profit margin of -1.0%.
What is BITCOIN DEPOT INC WTS's EBITDA?
BITCOIN DEPOT INC WTS (BTMWQ) had EBITDA of $48.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does BITCOIN DEPOT INC WTS have?
As of fiscal year 2025, BITCOIN DEPOT INC WTS (BTMWQ) had $65.6M in cash and equivalents against $60.5M in long-term debt.
What is BITCOIN DEPOT INC WTS's gross margin?
BITCOIN DEPOT INC WTS (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 INC WTS's operating margin?
BITCOIN DEPOT INC WTS (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 INC WTS's net profit margin?
BITCOIN DEPOT INC WTS (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 INC WTS's return on equity (ROE)?
BITCOIN DEPOT INC WTS (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 INC WTS's free cash flow?
BITCOIN DEPOT INC WTS (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 INC WTS's operating cash flow?
BITCOIN DEPOT INC WTS (BTMWQ) generated $34.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are BITCOIN DEPOT INC WTS's total assets?
BITCOIN DEPOT INC WTS (BTMWQ) had $130.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are BITCOIN DEPOT INC WTS's capital expenditures?
BITCOIN DEPOT INC WTS (BTMWQ) invested $5.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is BITCOIN DEPOT INC WTS's current ratio?
BITCOIN DEPOT INC WTS (BTMWQ) had a current ratio of 1.26 as of fiscal year 2025, which is considered adequate.
What is BITCOIN DEPOT INC WTS's debt-to-equity ratio?
BITCOIN DEPOT INC WTS (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 INC WTS's return on assets (ROA)?
BITCOIN DEPOT INC WTS (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 INC WTS's Piotroski F-Score?
BITCOIN DEPOT INC WTS (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 INC WTS's earnings high quality?
BITCOIN DEPOT INC WTS (BTMWQ) reported a net loss of $6.2M while generating $34.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 WTS cover its interest payments?
BITCOIN DEPOT INC WTS (BTMWQ) has an interest coverage ratio of 2.86x, 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.