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Bitcoin Depot Inc. (BTM) 10-Year Financial Performance & Capital Metrics

BTM • • Banking & Credit
Financial ServicesCapital MarketsDigital Asset Trading & BrokerageCryptocurrency Exchanges
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 -19.1%
  • Total Revenue $574M -16.7%
  • Net Income -$12M +55.2%
  • Return on Equity -
  • Net Interest Margin -17.73% -15.0%
  • Efficiency Ratio 11.72% +14.4%
  • ROA -14.84% +51.4%
  • Equity / Assets -20.58% -269.9%
  • Book Value per Share -0.79 -241.0%
  • Tangible BV/Share -1.32 -593.7%
  • Debt/Equity -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Efficient operations: 11.7% efficiency ratio
  • ✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

  • ✗Weak NIM of -17.7%
  • ✗Weak momentum: RS Rating 5 (bottom 5%)
  • ✗Thin capital base
  • ✗Shares diluted 24.8% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y1.48%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM168.63%

EPS CAGR

10Y-
5Y-
3Y-
TTM131.25%

ROCE

10Y Avg46.33%
5Y Avg46.33%
3Y Avg58.24%
Latest68.36%

Peer Comparison

Cryptocurrency Exchanges
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Technical
Volume & Trading
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BTMBitcoin Depot Inc.47.74M1.35-2.41-16.73%-2.04%43.58%24.71%
GEMIGemini Space Station, Inc. Class A Common Stock444.83M10.46-10.6144.86%-111.52%-76.59%

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+-731.13K-8M-12.32M-11.93M-14.2M
NII Growth %--9.94%-0.54%0.03%-0.19%
Net Interest Margin %-----
Interest Income00000
Interest Expense731.13K8M12.32M11.93M14.2M
Loan Loss Provision213.31M484.95M562.22M576.01M468.06M
Non-Interest Income+245.13M548.98M646.83M688.97M573.7M
Non-Interest Income %-----
Total Revenue+245.13M548.98M646.83M688.97M573.7M
Revenue Growth %-1.24%0.18%0.07%-0.17%
Non-Interest Expense16.28M42.18M55.77M70.56M67.23M
Efficiency Ratio-----
Operating Income+14.81M13.85M16.52M30.47M24.21M
Operating Margin %-----
Operating Income Growth %--0.07%0.19%0.84%-0.21%
Pretax Income+14.41M5.75M3.94M1.52M9.95M
Pretax Margin %-----
Income Tax+0-171.16K395K49K2.14M
Effective Tax Rate %-----
Net Income+14.41M5.94M3.98M-26.1M-11.69M
Net Margin %-----
Net Income Growth %--0.59%-0.33%-7.56%0.55%
Net Income (Continuing)14.41M5.92M3.55M1.47M7.81M
EPS (Diluted)+1.170.480.32-1.57-0.56
EPS Growth %--0.59%-0.33%-5.91%0.64%
EPS (Basic)1.170.480.32-1.57-0.56
Diluted Shares Outstanding12.36M12.36M12.36M16.68M20.81M

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K
Cash & Due from Banks41.15M38.03M37.54M29.76M29.47M
Short Term Investments00539.9K712K1000K
Total Investments+00539.9K712K-4.56M
Investments Growth %---0.32%-7.4%
Long-Term Investments0000-6.07M
Accounts Receivables091.74K263K245K275K
Goodwill & Intangibles+-----
Goodwill08.72M8.72M8.72M8.72M
Intangible Assets06.86M5.35M3.84M2.32M
PP&E (Net)11.16M45.62M38.96M25.34M29.44M
Other Assets17.42K17.42K17.42K412K6.8M
Total Current Assets41.88M47.11M40.36M37.27M34.33M
Total Non-Current Assets11.18M61.22M53.04M40.11M45.77M
Total Assets+53.06M108.33M93.4M77.38M80.1M
Asset Growth %-1.04%-0.14%-0.17%0.04%
Return on Assets (ROA)0.27%0.07%0.04%-0.31%-0.15%
Accounts Payable2.24M10.03M8.12M8.34M11.56M
Total Debt+29.38M69.31M62.62M31.33M63.51M
Net Debt-11.77M31.28M25.08M1.57M34.03M
Long-Term Debt21.84M33.5M29.52M17.1M49.46M
Short-Term Debt875K3.2M8.05M3.98M6.02M
Other Liabilities01.25M0865K2.18M
Total Current Liabilities8.17M37.57M46.81M46.02M40.63M
Total Non-Current Liabilities25.6M51.78M37.15M21.98M55.96M
Total Liabilities33.76M89.35M83.96M68M96.59M
Total Equity+19.3M18.98M9.44M9.37M-16.49M
Equity Growth %--0.02%-0.5%-0.01%-2.76%
Equity / Assets (Capital Ratio)-----
Return on Equity (ROE)0.75%0.31%0.28%-2.77%-
Book Value per Share1.561.540.760.56-0.79
Tangible BV per Share-----
Common Stock19.3M17.62M7.4M5K1K
Additional Paid-in Capital00017.33M21.49M
Retained Earnings0-10.96K0-32.66M-44.35M
Accumulated OCI0-72.19K-181.91K-203K-342K
Treasury Stock000-279K-437K
Preferred Stock00000

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+18.28M23.28M31.25M41.1M22.54M
Operating CF Growth %-0.27%0.34%0.31%-0.45%
Net Income14.41M5.92M3.55M1.47M7.81M
Depreciation & Amortization2.25M13.01M18.78M12.79M10.07M
Deferred Taxes0-386.92K-252K-1.39M-3M
Other Non-Cash Items3.21M9.63M2.09M19.09M5.02M
Working Capital Changes-1.59M-5.39M5.86M5.01M-762K
Cash from Investing+-1.38M-19.32M-3.11M-22K-11.37M
Purchase of Investments0000-620K
Sale/Maturity of Investments00000
Net Investment Activity-----
Acquisitions0-11.39M000
Other Investing00-2M00
Cash from Financing+17.66M-7.02M-28.54M-48.86M-11.58M
Dividends Paid-1.43M-7.62M-11.35M-15.01M-37.16M
Share Repurchases000-279K-158K
Stock Issued0-35.2K000
Net Stock Activity-----
Debt Issuance (Net)1000K1000K-1000K-1000K1000K
Other Financing-2.3M-432.49K-210K-735K-121K
Net Change in Cash+34.56M-3.12M-488K-7.78M-287K
Exchange Rate Effect0-68.72K-91K-1K115K
Cash at Beginning6.59M41.15M38.03M37.54M29.76M
Cash at End41.15M38.03M37.54M29.76M29.47M
Interest Paid0010.84M10.12M9.93M
Income Taxes Paid00117K371K4.24M
Free Cash Flow+16.9M15.35M30.14M41.08M11.79M
FCF Growth %--0.09%0.96%0.36%-0.71%

Banking Ratios

Metric20202021202220232024
Return on Equity (ROE)74.66%31.05%28.01%-277.43%-
Return on Assets (ROA)27.15%7.36%3.95%-30.57%-14.84%
Net Interest Margin-1.38%-7.39%-13.19%-15.41%-17.73%
Efficiency Ratio6.64%7.68%8.62%10.24%11.72%
Equity / Assets36.37%17.52%10.11%12.11%-20.58%
Book Value / Share1.561.540.760.56-0.79
NII Growth--994.24%-53.97%3.18%-19.06%
Dividend Payout9.92%128.27%285.25%--

Revenue by Segment

2024
Software Services479K
Software Services Growth-
Hardware332K
Hardware Growth-

Frequently Asked Questions

Growth & Financials

Bitcoin Depot Inc. (BTM) saw revenue decline by 16.7% over the past year.

Yes, Bitcoin Depot Inc. (BTM) is profitable, generating $9.2M in net income for fiscal year 2024 (-2.0% net margin).

Dividend & Returns

Yes, Bitcoin Depot Inc. (BTM) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Industry Metrics

Bitcoin Depot Inc. (BTM) has a net interest margin (NIM) of -17.7%. 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.

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