BTM · Bitcoin Depot Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $162.48M | $172.11M | $164.23M | - | $135.27M | $163.07M | $138.54M | - | $179.48M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $16.44M | $15.11M | $13.44M | - | $14.69M | $15.76M | $13.61M | - | $16.24M |
| Total Operating Expenses | - | $18.34M | $16.98M | $15.34M | - | $16.94M | $18.75M | $16.55M | - | $19.50M |
| D&A | - | $1.90M | $1.87M | $1.90M | - | $2.25M | $2.99M | $2.95M | - | $4.76M |
| Operating Income | - | $11.78M | $15.75M | $17.80M | - | $5.48M | $7.60M | $699.0K | - | $7.44M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | $3.04M | $1.16M | $1.45M | - | $347.0K | $270.0K | ($138.0K) | - | $337.0K |
| Net Income | - | $5.54M | $6.07M | $4.19M | - | ($939.0K) | ($2.56M) | ($1.54M) | - | ($7.10M) |
| EPS - Basic | - | $0.56 | $1.12 | $1.40 | - | ($0.35) | ($0.91) | ($1.75) | - | ($3.01) |
| EPS - Diluted | - | $0.56 | $1.12 | $1.40 | - | ($0.35) | ($0.91) | ($1.75) | - | ($3.01) |
Balance Sheet
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $65.63M | $59.27M | $48.04M | $34.96M | $29.47M | $32.23M | $43.94M | $42.15M | $29.76M | $29.67M |
| Accounts Receivable | $639.0K | $1.51M | $38.0K | $147.0K | $275.0K | $380.0K | $317.0K | $348.0K | $245.0K | $332.0K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $10.67M | $9.90M | $10.09M | $9.20M | $11.56M | $11.96M | $10.33M | $10.58M | $8.34M | $7.64M |
| Current Assets | $80.33M | $79.19M | $62.69M | $45.60M | $34.33M | $41.37M | $54.64M | $51.71M | $37.27M | $35.62M |
| Total Assets | $130.57M | $125.28M | $109.05M | $89.72M | $80.10M | $87.45M | $97.54M | $90.07M | $77.38M | $78.47M |
| Current Liabilities | $63.67M | $42.14M | $44.54M | $41.93M | $40.63M | $45.63M | $46.92M | $44.55M | $46.02M | $49.41M |
| Long-term Debt | $60.49M | $67.55M | $66.53M | $56.20M | $53.14M | $44.50M | $41.17M | $37.58M | $22.52M | $20.75M |
| Total Liabilities | $119.16M | $104.26M | $104.36M | $94.31M | $96.59M | $95.31M | $93.09M | $85.09M | $68.00M | $71.88M |
| Stockholders' Equity | $11.42M | $21.02M | $4.69M | ($4.59M) | ($16.49M) | ($7.87M) | $4.44M | $4.98M | $9.37M | $6.59M |
| Retained Earnings | ($49.61M) | ($27.66M) | ($33.23M) | ($43.50M) | ($44.35M) | ($37.70M) | ($36.76M) | ($34.20M) | ($32.66M) | ($24.36M) |
Cash Flow
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $16.25M | - | - | - | $1.35M | - | - |
| Investing Cash Flow | - | - | - | ($8.21M) | - | - | - | ($558.0K) | - | - |
| Financing Cash Flow | - | - | - | ($2.55M) | - | - | - | $11.56M | - | - |
| CapEx | - | - | - | $385.0K | - | - | - | $558.0K | - | - |
| Free Cash Flow | - | - | - | $15.87M | - | - | - | $789.0K | - | - |
Ratios
| Metric | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | 7.3% | 9.2% | 10.8% | - | 4.1% | 4.7% | 0.5% | - | 4.1% |
| EBITDA margin | - | 8.4% | 10.2% | 12.0% | - | 5.7% | 6.5% | 2.6% | - | 6.8% |
| Net margin | - | 3.4% | 3.5% | 2.6% | - | -0.7% | -1.6% | -1.1% | - | -4.0% |
| Free cash flow margin | - | - | - | 9.7% | - | - | - | 0.6% | - | - |
| FCF / Net income | - | - | - | 3.78 | - | - | - | -0.51 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 10.1% | 8.8% | 8.2% | - | 10.9% | 9.7% | 9.8% | - | 9.0% |
| Effective tax rate | - | 35.4% | 16.1% | 25.7% | - | - | - | - | - | - |
| Return on assets | - | 4.4% | 5.6% | 4.7% | - | -1.1% | -2.6% | -1.7% | - | -9.0% |
| Return on equity | - | 26.4% | 129.3% | -91.3% | - | 11.9% | -57.6% | -30.9% | - | -107.8% |
| Return on invested capital | - | 8.6% | 18.6% | 25.6% | - | 11.8% | 13.2% | 1.3% | - | 21.5% |
| Liquidity | ||||||||||
| Current ratio | 1.26 | 1.88 | 1.41 | 1.09 | 0.85 | 0.91 | 1.16 | 1.16 | 0.81 | 0.72 |
| Quick ratio | 1.26 | 1.88 | 1.41 | 1.09 | 0.85 | 0.91 | 1.16 | 1.16 | 0.81 | 0.72 |
| Cash ratio | 1.03 | 1.41 | 1.08 | 0.83 | 0.73 | 0.71 | 0.94 | 0.95 | 0.65 | 0.60 |
| Leverage | ||||||||||
| Debt / Equity | 5.30 | 3.21 | 14.18 | -12.24 | -3.22 | -5.66 | 9.27 | 7.54 | 2.40 | 3.15 |
| Debt / Assets | 0.46 | 0.54 | 0.61 | 0.63 | 0.66 | 0.51 | 0.42 | 0.42 | 0.29 | 0.26 |
| Debt / EBITDA | - | 4.94 | 3.78 | 2.85 | - | 5.76 | 3.89 | 10.31 | - | 1.70 |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 11.44 | 5.96 | 23.24 | -19.54 | -4.86 | -11.12 | 21.95 | 18.08 | 8.26 | 11.91 |
| Liabilities / Assets | 0.91 | 0.83 | 0.96 | 1.05 | 1.21 | 1.09 | 0.95 | 0.94 | 0.88 | 0.92 |
| Efficiency | ||||||||||
| Asset turnover | - | 1.30 | 1.58 | 1.83 | - | 1.55 | 1.67 | 1.54 | - | 2.29 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 3d | 0d | 0d | - | 1d | 1d | 1d | - | 1d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | 42.0x | 31.7x | 7.5x | - | - | - | - | - | - |
| P / B | - | 75.9x | 283.9x | - | - | - | 55.1x | 44.3x | - | 46.6x |
| P / S | - | 9.8x | 7.7x | 1.4x | - | 1.7x | 1.5x | 1.6x | - | 1.7x |
| EV / EBITDA | - | 117.2x | 76.7x | 12.5x | - | 31.2x | 22.8x | 59.2x | - | 24.4x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 20.1% | 5.5% | 18.5% | - | -24.6% | -17.4% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | 115.0% | 107.1% | 2446.2% | - | -26.3% | -28.0% | - | - | - |
| Net income growth (YoY) | - | - | - | - | - | 86.8% | 76.1% | - | - | -202.0% |
| EPS growth (YoY) | - | - | - | - | - | 88.4% | -42.2% | 58.4% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 1910.8% | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | 5.6% | - | - | - | -7.1% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$614.85M totalReportable Segment$614.85M · 100.0%
Product / service
$614.85M totalBTMKiosk$613.60M · 99.8%
Other Revenue$1.25M · 0.2%
Peer comparison
Same SIC group: Finance Services
Comparing Bitcoin Depot Inc. against the 5 most active filers in the same SIC group.