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Bitcoin Depot Inc.(BTM)Earnings, Financials & Key Ratios
BTM•NASDAQ•Banking & Credit
$5.22
$215M mkt cap·Price updated May 7, 2026
AboutBitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade. The company was founded in 2016 and is headquartered in Atlanta, Georgia. Bitcoin Depot Inc. is a subsidiary of BT Assets, Inc.Show more
- Net Interest Income-$14M-1.5%
- Total Revenue$615M+7.2%
- Net Income-$6M+50.6%
- Return on Equity-48.78%
- Net Interest Margin-11.05%+37.7%
- Efficiency Ratio11.72%
- ROA-5.48%+63.1%
- Equity / Assets9.07%+144.1%
- Book Value per Share0.17+120.9%
- Tangible BV/Share0.03+102.4%
- Debt/Equity5.53
BTM Key Insights
Bitcoin Depot Inc. (BTM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient operations: 11.7% efficiency ratio
- ✓Diversified revenue: 100.0% from non-interest income
✗Weaknesses
- ✗High debt to equity ratio of 5.5x
- ✗Weak NIM of -11.0%
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 31.5x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
BTM Price & Volume
Bitcoin Depot Inc. (BTM) stock price & volume — 10-year historical chart
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BTM Growth Metrics
Bitcoin Depot Inc. (BTM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years20.19%
3 Years-1.68%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM50.62%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM122.11%
Return on Capital
10 Years51.47%
5 Years55.17%
3 Years74.58%
Last Year77.18%
BTM Recent Earnings
Bitcoin Depot Inc. (BTM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (20%)●Beat Revenue 6/12 qtrs (60%)
Q2 2026Latest
Mar 16, 2026EPS
$1.18
Est $0.47
-151.1%
Revenue
$116M
Est $114M
+1.8%
Q4 2025
Nov 13, 2025EPS
$0.08
Est $0.04
+100.0%
Revenue
$162M
Est $114M
+42.6%
Q3 2025
Aug 12, 2025EPS
$0.16
Est $0.17
-5.9%
Revenue
$172M
Est $147M
+17.1%
Q2 2025
May 15, 2025EPS
$0.20
Est $0.09
+122.2%
Revenue
$164M
Est $168M
-2.2%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 16, 2026 | $1.18vs $0.47-151.1% | $116Mvs $114M+1.8% |
| Q4 2025 | Nov 13, 2025 | $0.08vs $0.04+100.0% | $162Mvs $114M+42.6% |
| Q3 2025 | Aug 12, 2025 | $0.16vs $0.17-5.9% | $172Mvs $147M+17.1% |
| Q2 2025 | May 15, 2025 | $0.20vs $0.09+122.2% | $164Mvs $168M-2.2% |
Based on last 12 quarters of dataView full earnings history →
BTM Peer Comparison
Bitcoin Depot Inc. (BTM) competitors in Digital Asset Trading and Infrastructure — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 COIN | 50.96B | 192.96 | 43.36 | 9.4% | 5.68% | 0.53 | ||
 GREE | 19.13M | 1.22 | -0.65 | -15.42% | ||||
 FCFS | 9.93B | 224.89 | 30.31 | 8.04% | 15.91% | 1.24 | ||
 EVI | 258.53M | 20.10 | 41.02 | 10.26% | 1.66% | 4.91% | 0.45 | |
 EVTC | 1.44B | 23.36 | 10.62 | 10.21% | 13.95% | 18.65% | 1.58 | |
 FOUR | 3.81B | 46.86 | 43.39 | 25.5% | 2.58% | 4.39% | 2.36 | |
 PRTH | 451.31M | 5.51 | 8.10 | 8.33% | 5.84% | |||
 MSTR | 60.05B | 179.84 | -11.81 | 2.97% | -25.19% | -24.09% | 0.16 |
Compare BTM vs Peers
Bitcoin Depot Inc. (BTM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BTM Income Statement
Bitcoin Depot Inc. (BTM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Net Interest Income | -731.13K | -8M | -12.32M | -11.93M | -14.2M | -14.41M |
| NII Growth % | - | -994.24% | -53.97% | 3.18% | -19.06% | -1.51% |
| Net Interest Margin % | -1.38% | -7.39% | -13.19% | -15.41% | -17.73% | -11.05% |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 731.13K | 8M | 12.32M | 11.93M | 14.2M | 14.41M |
| Loan Loss Provision | 213.31M | 484.95M | 562.22M | 576.01M | 468.06M | 487.14M |
| Non-Interest Income | 245.13M | 548.98M | 646.83M | 688.97M | 573.7M | 614.85M |
| Non-Interest Income % | 100% | 100% | 100% | 100% | 100% | 100% |
| Total Revenue | 245.13M▲ 0% | 548.98M▲ 124.0% | 646.83M▲ 17.8% | 688.97M▲ 6.5% | 573.7M▼ 16.7% | 614.85M▲ 7.2% |
| Revenue Growth % | - | 123.95% | 17.82% | 6.51% | -16.73% | 7.17% |
| Non-Interest Expense | 16.28M | 42.18M | 55.77M | 70.56M | 67.23M | 72.08M |
| Efficiency Ratio | 6.64% | 7.68% | 8.62% | 10.24% | 11.72% | 11.72% |
| Operating Income | 14.81M▲ 0% | 13.85M▼ 6.5% | 16.52M▲ 19.3% | 30.47M▲ 84.4% | 24.21M▼ 20.5% | 41.21M▲ 70.2% |
| Operating Margin % | 6.04% | 2.52% | 2.55% | 4.42% | 4.22% | 6.7% |
| Operating Income Growth % | - | -6.5% | 19.3% | 84.44% | -20.55% | 70.23% |
| Pretax Income | 14.41M▲ 0% | 5.75M▼ 60.1% | 3.94M▼ 31.5% | 1.52M▼ 61.5% | 9.95M▲ 555.2% | 7.54M▼ 24.2% |
| Pretax Margin % | 5.88% | 1.05% | 0.61% | 0.22% | 1.73% | 1.23% |
| Income Tax | 0 | -171.16K | 395K | 49K | 2.14M | 2.42M |
| Effective Tax Rate % | 0% | -2.98% | 10.02% | 3.23% | 21.48% | 32.1% |
| Net Income | 14.41M▲ 0% | 5.94M▼ 58.7% | 3.98M▼ 33.0% | -26.1M▼ 755.8% | -11.69M▲ 55.2% | -5.77M▲ 50.6% |
| Net Margin % | 5.88% | 1.08% | 0.62% | -3.79% | -2.04% | -0.94% |
| Net Income Growth % | - | -58.75% | -33.03% | -755.83% | 55.23% | 50.62% |
| Net Income (Continuing) | 14.41M | 5.92M | 3.55M | 1.47M | 7.81M | 5.12M |
| EPS (Diluted) | 1.17▲ 0% | 0.48▼ 59.0% | 0.32▼ 33.3% | -1.57▼ 590.6% | -0.56▲ 64.3% | -0.81▼ 44.6% |
| EPS Growth % | - | -58.97% | -33.33% | -590.63% | 64.33% | -44.64% |
| EPS (Basic) | 1.17 | 0.48 | 0.32 | -1.57 | -0.56 | -0.81 |
| Diluted Shares Outstanding | 12.36M | 12.36M | 12.36M | 16.68M | 20.81M | 71.48M |
BTM Balance Sheet
Bitcoin Depot Inc. (BTM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 41.15M | 38.03M | 38.08M | 30.47M | 30.98M | 65.63M |
| Cash & Due from Banks | 41.15M | 38.03M | 37.54M | 29.76M | 29.47M | 65.63M |
| Short Term Investments | 0 | 0 | 539.9K | 712K | 1.51M | 0 |
| Total Investments | 0 | 0 | 539.9K | 712K | -4.56M | 0 |
| Investments Growth % | - | - | - | 31.88% | -740.17% | 100% |
| Long-Term Investments | 0 | 0 | 0 | 0 | -6.07M | 0 |
| Accounts Receivables | 0 | 91.74K | 263K | 245K | 275K | 639K |
| Goodwill & Intangibles | 0 | 15.58M | 14.07M | 12.55M | 11.04M | 9.52M |
| Goodwill | 0 | 8.72M | 8.72M | 8.72M | 8.72M | 8.72M |
| Intangible Assets | 0 | 6.86M | 5.35M | 3.84M | 2.32M | 804K |
| PP&E (Net) | 11.16M | 45.62M | 38.96M | 25.34M | 29.44M | 29.1M |
| Other Assets | 17.42K | 17.42K | 17.42K | 412K | 6.8M | 1.04M |
| Total Current Assets | 41.88M | 47.11M | 40.36M | 37.27M | 34.33M | 80.33M |
| Total Non-Current Assets | 11.18M | 61.22M | 53.04M | 40.11M | 45.77M | 50.11M |
| Total Assets | 53.06M▲ 0% | 108.33M▲ 104.2% | 93.4M▼ 13.8% | 77.38M▼ 17.2% | 80.1M▲ 3.5% | 130.44M▲ 62.8% |
| Asset Growth % | - | 104.17% | -13.78% | -17.16% | 3.52% | 62.84% |
| Return on Assets (ROA) | 27.15% | 7.36% | 3.95% | -30.57% | -14.84% | -5.48% |
| Accounts Payable | 2.24M | 10.03M | 8.12M | 8.34M | 11.56M | 10.67M |
| Total Debt | 29.38M | 69.31M | 62.62M | 31.33M | 63.51M | 65.36M |
| Net Debt | -11.77M | 31.28M | 25.08M | 1.57M | 34.03M | -268K |
| Long-Term Debt | 21.84M | 33.5M | 29.52M | 17.1M | 49.46M | 53.52M |
| Short-Term Debt | 875K | 3.2M | 8.05M | 3.98M | 6.02M | 9.87M |
| Other Liabilities | 0 | 1.25M | 0 | 865K | 2.18M | 0 |
| Total Current Liabilities | 8.17M | 37.57M | 46.81M | 46.02M | 40.63M | 63.12M |
| Total Non-Current Liabilities | 25.6M | 51.78M | 37.15M | 21.98M | 55.96M | 55.49M |
| Total Liabilities | 33.76M | 89.35M | 83.96M | 68M | 96.59M | 118.61M |
| Total Equity | 19.3M▲ 0% | 18.98M▼ 1.7% | 9.44M▼ 50.2% | 9.37M▼ 0.8% | -16.49M▼ 275.9% | 11.83M▲ 171.8% |
| Equity Growth % | - | -1.66% | -50.23% | -0.75% | -275.89% | 171.75% |
| Equity / Assets (Capital Ratio) | 36.37% | 17.52% | 10.11% | 12.11% | -20.58% | 9.07% |
| Return on Equity (ROE) | 74.66% | 31.05% | 28.01% | -277.43% | - | -48.78% |
| Book Value per Share | 1.56 | 1.54 | 0.76 | 0.56 | -0.79 | 0.17 |
| Tangible BV per Share | 1.56 | 0.27 | -0.37 | -0.19 | -1.32 | 0.03 |
| Common Stock | 19.3M | 17.62M | 7.4M | 5K | 1K | 4K |
| Additional Paid-in Capital | 0 | 0 | 0 | 17.33M | 21.49M | 62.55M |
| Retained Earnings | 0 | -10.96K | 0 | -32.66M | -44.35M | -49.2M |
| Accumulated OCI | 0 | -72.19K | -181.91K | -203K | -342K | -255K |
| Treasury Stock | 0 | 0 | 0 | -279K | -437K | -437K |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
BTM Cash Flow Statement
Bitcoin Depot Inc. (BTM) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | 18.28M | 23.28M | 31.25M | 41.1M | 22.54M | 33.98M |
| Operating CF Growth % | - | 27.4% | 34.24% | 31.5% | -45.15% | 50.72% |
| Net Income | 14.41M | 5.92M | 3.55M | 1.47M | 7.81M | 5.12M |
| Depreciation & Amortization | 2.25M | 13.01M | 18.78M | 12.79M | 10.07M | 643K |
| Deferred Taxes | 0 | -386.92K | -252K | -1.39M | -3M | -6.5M |
| Other Non-Cash Items | 3.21M | 9.63M | 2.09M | 19.09M | 5.02M | 10.84M |
| Working Capital Changes | -1.59M | -5.39M | 5.86M | 5.01M | -762K | 19M |
| Cash from Investing | -1.38M | -19.32M | -3.11M | -22K | -11.37M | -13.87M |
| Purchase of Investments | 0 | 0 | 0 | 0 | -620K | 0 |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investment Activity | 0 | 0 | 0 | 0 | -620K | 0 |
| Acquisitions | 0 | -11.39M | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | -2M | 0 | 0 | -13.87M |
| Cash from Financing | 17.66M | -7.02M | -28.54M | -48.86M | -11.58M | 16.18M |
| Dividends Paid | -1.43M | -7.62M | -11.35M | -15.01M | -37.16M | 0 |
| Share Repurchases | 0 | 0 | 0 | -279K | -158K | 0 |
| Stock Issued | 0 | -35.2K | 0 | 0 | 0 | 35.11M |
| Net Stock Activity | 0 | -35.2K | 0 | -279K | -158K | 35.11M |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | 1000K | 509K |
| Other Financing | -2.3M | -432.49K | -210K | -735K | -121K | -19.43M |
| Net Change in Cash | 34.56M▲ 0% | -3.12M▼ 109.0% | -488K▲ 84.4% | -7.78M▼ 1494.5% | -287K▲ 96.3% | 36.16M▲ 12699.3% |
| Exchange Rate Effect | 0 | -68.72K | -91K | -1K | 115K | -128K |
| Cash at Beginning | 6.59M | 41.15M | 38.03M | 37.54M | 29.76M | 29.47M |
| Cash at End | 41.15M | 38.03M | 37.54M | 29.76M | 29.47M | 65.63M |
| Interest Paid | 0 | 0 | 10.84M | 10.12M | 9.93M | 0 |
| Income Taxes Paid | 0 | 0 | 117K | 371K | 4.24M | 0 |
| Free Cash Flow | 16.9M▲ 0% | 15.35M▼ 9.2% | 30.14M▲ 96.4% | 41.08M▲ 36.3% | 11.79M▼ 71.3% | 28.82M▲ 144.4% |
| FCF Growth % | - | -9.17% | 96.38% | 36.27% | -71.29% | 144.39% |
BTM Banking Ratios
Bitcoin Depot Inc. (BTM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 74.66% | 31.05% | 28.01% | -277.43% | - | -48.78% |
| Return on Assets (ROA) | 27.15% | 7.36% | 3.95% | -30.57% | -14.84% | -5.48% |
| Net Interest Margin | -1.38% | -7.39% | -13.19% | -15.41% | -17.73% | -11.05% |
| Efficiency Ratio | 6.64% | 7.68% | 8.62% | 10.24% | 11.72% | 11.72% |
| Equity / Assets | 36.37% | 17.52% | 10.11% | 12.11% | -20.58% | 9.07% |
| Book Value / Share | 1.56 | 1.54 | 0.76 | 0.56 | -0.79 | 0.17 |
| NII Growth | - | -994.24% | -53.97% | 3.18% | -19.06% | -1.51% |
| Dividend Payout | 9.92% | 128.27% | 285.25% | - | - | - |
BTM SEC Filings & Documents
Bitcoin Depot Inc. (BTM) SEC filings — annual & quarterly reports (10-K, 10-Q)
BTM Frequently Asked Questions
Bitcoin Depot Inc. (BTM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Bitcoin Depot Inc. (BTM) grew revenue by 7.2% over the past year. This is steady growth.
Bitcoin Depot Inc. (BTM) reported a net loss of $5.8M for fiscal year 2025.
Dividend & Returns
Bitcoin Depot Inc. (BTM) has a return on equity (ROE) of -48.8%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Bitcoin Depot Inc. (BTM) has a net interest margin (NIM) of -11.0%. NIM has been under pressure due to interest rate environment.
Bitcoin Depot Inc. (BTM) has an efficiency ratio of 11.7%. This is excellent, indicating strong cost control.
Explore More BTM
Bitcoin Depot Inc. (BTM) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates