Welcome to our dedicated page for Bitcoin Depot SEC filings (Ticker: BTM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bitcoin Depot Inc. (NASDAQ: BTM) files a range of documents with the U.S. Securities and Exchange Commission (SEC) that provide detailed insight into its operations as a Bitcoin ATM ("BTM") operator and fintech company. On this page, investors can review Bitcoin Depot’s regulatory filings alongside AI-powered summaries that help explain key points and terminology.
Core filings such as annual reports on Form 10-K and quarterly reports on Form 10-Q describe the company’s business of converting cash into Bitcoin through its kiosk network and BDCheckout product, outline risk factors, and present audited and unaudited financial statements. Current reports on Form 8-K highlight material events, including acquisitions of BTM operators like National Bitcoin ATM and Instant Coin Bank, securities offerings under its shelf registration statement, compliance initiatives, leadership changes and arbitration or litigation matters involving its subsidiaries.
Proxy statements on Schedule 14A provide information on corporate governance, board composition, voting rights across Bitcoin Depot’s multiple classes of common stock, and proposals presented at the annual meeting of stockholders. These documents also discuss executive compensation, equity awards and related-party transactions. For those interested in capital structure and trading instruments, filings note that Bitcoin Depot’s Class A common stock trades under the symbol BTM and its publicly listed warrants trade under BTMWW on the Nasdaq Capital Market.
Through this filings page, users can access real-time updates from EDGAR, including Forms 10-K, 10-Q, 8-K and proxy materials, while AI-generated highlights help identify important disclosures, summarize complex sections and surface items such as voting outcomes, financing terms and legal developments. This combination of primary documents and AI analysis supports a clearer understanding of Bitcoin Depot’s regulatory history and ongoing reporting as a public company.
Holmes W. Alexander reported acquisition or exercise transactions in this Form 4 filing.
Bitcoin Depot Inc. Chairman and CEO Holmes W. Alexander received a grant of 742,574 shares of Class A Common Stock in the form of Restricted Stock Units as equity compensation. The grant carried a stated price of $0.00 per share and is not an open-market purchase.
According to the award terms, 33% of the RSUs will vest on March 27, 2027, with an additional 8.375% vesting on each of the first eight quarterly anniversaries, so the RSUs are scheduled to be fully vested by March 27, 2029, subject to his continued employment and the award agreement. Following this grant, he directly holds 747,435 shares.
Bitcoin Depot Inc. reported that its Chief Financial Officer, David McLaughlin, acquired 14,285 shares of Class A Common Stock through a grant of restricted stock units. These RSUs were earned based on the achievement of performance goals under performance RSUs granted on April 1, 2025 and will vest on April 1, 2026. Following this award, McLaughlin directly holds 28,570 shares of Class A Common Stock.
Bitcoin Depot Inc. is registering 651,786 shares of Class A common stock for resale by existing selling stockholders. The company will not sell any shares or receive proceeds; the shares were issued as stock consideration in its acquisition of Kutt, Inc.
Bitcoin Depot operates a large Bitcoin ATM and BDCheckout network, converting cash to Bitcoin at kiosks in 48 states and at about 16,300 retail locations, with roughly 9,700 kiosks globally as of December 31, 2025. It is an emerging growth and smaller reporting company, and highlights extensive risk factors tied to Bitcoin price volatility, fraud and compliance, cybersecurity, regulation, and expected revenue pressure from enhanced fraud-mitigation and regulatory efforts.
Bitcoin Depot amended a prior report to detail new compensation arrangements for its leadership team. New CEO and Executive Chairman W. Alexander Holmes will receive a $1,000,000 base salary, an annual bonus targeted at least equal to salary with a $500,000 minimum for 2026, and a $500,000 cash sign-on bonus subject to partial clawback if he departs early.
Holmes is also granted a performance cash award with a $1,500,000 target and up to $3,000,000 maximum tied to 2026 results, plus 742,574 restricted stock units vesting through March 2029 and severance protections, including enhanced benefits after a change in control. CFO David Gray receives a $900,000 retention bonus paid over one year, while General Counsel Christopher Ryan receives a $400,000 base salary, a target bonus equal to 50% of salary, 99,010 restricted stock units vesting through March 2029, and a $300,000 retention bonus.
Bitcoin Depot Inc. announced a major leadership transition, with Scott Buchanan resigning as Chief Executive Officer and board member, effective March 23, 2026. Founder Brandon Mintz also stepped down as Executive Chairman and will remain on the board as a non-executive director and advisor to the CEO.
The board appointed Alex Holmes as Chief Executive Officer and Chairman, effective March 23, 2026. Holmes has served on the board since August 2025 and previously led MoneyGram International as Chairman and CEO from 2016 to 2024, bringing deep experience in global payments, fintech, blockchain adoption and regulatory compliance.
The company highlights this transition as part of its evolution beyond its core Bitcoin ATM network into a broader fintech and digital asset platform. Bitcoin Depot operates over 9,000 kiosks globally and a BDCheckout product in thousands of retail locations, and states that Holmes will focus on operational stability, regulatory progress and accelerating platform diversification.
Bitcoin Depot Inc. reports solid 2025 growth while navigating major partner and regulatory shifts. Revenue reached $614.9 million with net income of $4.7 million, and Adjusted EBITDA rose to $56.4 million on a 17.2% gross margin, up from 15.9% in 2024.
The company operated about 9,700 Bitcoin ATMs across North America, Australia and Hong Kong and maintained roughly 23% U.S. market share as of December 31, 2025. Circle K, its largest retail partner and source of 18% of 2025 revenue, has given notice it will not renew its contract, so Bitcoin Depot plans to relocate roughly 800 kiosks.
Management highlights expansion via BDCheckout at approximately 16,300 retail locations, multiple U.S. acquisitions adding over 500 kiosks, and entry into Hong Kong. The company also faces tightening state-level rules on crypto kiosks, including fee caps, transaction limits, refund mandates, and local bans in several cities, which could pressure profitability and growth.
Bitcoin Depot Inc. notified the SEC that it cannot timely file its Annual Report on Form 10-K for the period ended December 31, 2025 and expects to file the Form 10-K on or before March 31, 2026. Management anticipates reporting material weaknesses in internal control over financial reporting that were unremediated as of December 31, 2025, and therefore expects its disclosure controls and procedures were not effective as of that date. The company states these weaknesses have not caused material misstatements in prior filings and does not expect them to affect the financial information to be reported. The company issued an unaudited earnings release on March 16, 2026; those preliminary results are subject to change pending completion of the audit and internal finalization procedures.
Bitcoin Depot Inc. reported mixed results for 2025, with full-year revenue rising 7% to $614.9 million and gross profit up 30% to $105.6 million. Gross margin improved to 17.2%, and Adjusted EBITDA grew 42% to $56.4 million, reflecting better underlying profitability.
However, net income fell to $5.1 million from $7.8 million, largely due to an $18.5 million accrual for an arbitration judgment and other non-recurring items. Fourth-quarter results were notably weaker, with revenue down to $116.0 million, gross margin compressing, and a net loss of $24.9 million.
The company ended 2025 with $76.6 million in cash, cash equivalents, and cryptocurrencies and significantly higher operating cash flow of $34.0 million. Management expects 2026 core-business revenue to decline 30%–40% amid new state regulations and stricter compliance, which they view as supportive of long-term industry stability.
Bitcoin Depot Inc. is implementing a one-for-seven reverse stock split of its Common Stock, effective at 12:01 a.m. Eastern time on February 23, 2026. The Class A Common Stock will continue trading on Nasdaq under the symbol BTM on a split-adjusted basis from that date, with a new CUSIP of 09174P 303.
The split will reduce outstanding shares of Class A Common Stock from 35,495,968 to approximately 5,070,852 and Class M Common Stock from 37,846,102 to approximately 5,406,586, with cash paid in lieu of fractional shares. Warrant terms and equity awards under the 2023 Omnibus Incentive Plan, as well as other convertible securities, will be proportionately adjusted, while authorized share counts and par values remain unchanged. The company also reduced the shares registered on its 2023 Form S-8 from 7,536,807 to 1,076,686 to reflect the split.