Last 16 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 6067.4% YoY to 338.0x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -0.61 | — | 73.50 | 55.45 | 13.21 | — | — | — | — | — | — | — | 35.51 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.06 | 1.36 | 2.45 | 1.94 | 0.34 | 0.43 | 0.42 | 0.39 | 0.40 | 0.63 | 0.43 | 0.35 | 1.37 |
| — | +214.3% | +479.3% | +395.2% | -13.6% | -32.1% | -0.8% | +10.5% | -70.9% | -56.5% | -65.3% | -72.2% | — | |
| P/B Ratio | 2.97 | 53.17 | 75.90 | 283.90 | — | — | — | 57.37 | 44.27 | 40.21 | 46.57 | 26.89 | 58.86 |
| — | — | — | +394.8% | — | — | — | +113.4% | -24.8% | -56.6% | +1637.4% | -67.4% | — | |
| P/FCF | 1.20 | 919.49 | 53.86 | 34.11 | 3.56 | 13.32 | — | 8.37 | 69.87 | 12.54 | 10.98 | 4.22 | 22.36 |
| — | +6800.9% | — | +307.8% | -94.9% | +6.3% | — | +98.4% | +212.4% | -47.7% | -45.9% | -82.0% | — | |
| EV / EBITDA | 0.66 | 337.99 | 29.38 | 19.24 | 3.21 | 5.48 | 8.20 | 6.23 | 15.53 | 13.46 | 7.28 | 5.11 | 19.86 |
| — | +6067.4% | +258.2% | +208.9% | -79.3% | -59.3% | +12.6% | +21.9% | -21.8% | -48.0% | -67.4% | -73.6% | — | |
| EV / EBIT | 0.78 | — | 31.75 | 18.62 | 3.79 | 6.42 | 11.41 | 8.80 | 97.98 | 81.63 | 18.67 | — | 27.09 |
| — | — | +178.3% | +111.5% | -96.1% | -92.1% | -38.9% | — | +261.7% | +41.2% | -55.1% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Bitcoin Depot Inc.'s operating margin was -1.3% in Q4 2025, down 8.6 pp QoQ and down 8.9 pp YoY. This marks the 4th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 6.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 19.7% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.4% | 14.9% | 18.5% | 19.0% | 20.2% | 18.6% | 16.6% | 16.2% | 12.5% | 14.5% | 15.0% | 15.3% | 13.6% |
| — | -19.7% | +11.9% | +17.6% | +62.0% | +27.9% | +10.4% | +5.6% | -8.7% | +14.0% | +23.0% | +37.8% | +58.9% | |
| Operating Margin | 7.1% | -1.3% | 7.3% | 9.2% | 10.8% | 7.6% | 4.1% | 4.7% | 0.5% | 2.6% | 4.1% | 5.4% | 5.3% |
| — | -117.4% | +79.0% | +96.2% | +2047.7% | +198.0% | -2.2% | -12.8% | -90.5% | -10.6% | +48.9% | +35.9% | +970.3% | |
| Net Margin | -1.0% | -19.0% | 3.4% | 3.5% | 2.6% | -4.9% | -0.7% | -1.6% | -1.1% | -5.6% | -4.0% | -2.1% | 3.8% |
| — | -290.0% | +591.5% | +324.6% | +330.0% | +13.2% | +82.4% | +24.0% | -128.9% | -331.5% | -2014.2% | -2452.6% | +279.4% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -52.3% | -133.9% | 43.1% | 12019.8% | — | — | — | -54.4% | -21.4% | -104.1% | -83.6% | -31.9% | 51.0% |
| — | — | — | +22215.3% | — | — | — | -70.4% | -142.0% | -4850.1% | -38452.8% | -39029.4% | +5081.2% | |
| ROA | -5.9% | -17.2% | 4.7% | 6.1% | 4.9% | -7.9% | -1.0% | -2.7% | -1.8% | -10.7% | -8.8% | -4.5% | 6.6% |
| — | -116.7% | +566.1% | +323.7% | +368.8% | +25.6% | +88.4% | +39.9% | -127.7% | -715.3% | -5172.5% | -6863.7% | +747.8% | |
| ROIC | 52.9% | -1.4% | 10.4% | 17.6% | 25.5% | 16.4% | 7.7% | 10.3% | 1.1% | 7.0% | 12.8% | 13.4% | 9.0% |
| — | -108.3% | +34.5% | +70.8% | +2180.1% | +135.1% | -39.6% | -23.0% | -87.6% | +326.1% | +596.1% | +437.6% | +4966.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Bitcoin Depot Inc.'s Debt/EBITDA ratio is 140.6x, up from 5.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 50.6% YoY to 1.27x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.53 | 5.53 | 3.43 | 15.30 | — | — | — | 11.96 | 9.67 | 3.34 | 5.23 | 3.42 | 3.77 |
| — | — | — | +28.0% | — | — | — | +249.5% | +156.6% | -49.6% | — | -45.3% | — | |
| Debt / EBITDA | 1.27 | 140.57 | 5.27 | 4.08 | 3.17 | 5.16 | 7.30 | 5.02 | 13.21 | 4.46 | 3.22 | 2.53 | 5.00 |
| — | +2626.0% | -27.8% | -18.7% | -76.0% | +15.7% | +126.5% | +98.3% | +164.2% | -38.1% | — | -55.6% | — | |
| Current Ratio | 1.27 | 1.27 | 1.88 | 1.41 | 1.09 | 0.85 | 0.91 | 1.16 | 1.16 | 0.81 | 0.72 | 0.63 | 0.98 |
| — | +50.6% | +107.3% | +20.9% | -6.3% | +4.4% | +25.8% | +84.2% | +18.0% | -6.1% | +60.7% | -43.8% | -95.3% | |
| Quick Ratio | 1.27 | 1.27 | 1.88 | 1.41 | 1.09 | 0.85 | 0.91 | 1.16 | 1.16 | 0.81 | 0.72 | 0.63 | 0.98 |
| — | +50.6% | +107.3% | +20.9% | -6.3% | +4.4% | +25.8% | +84.2% | +18.0% | -6.1% | +60.7% | -43.8% | -95.3% | |
| Interest Coverage | 3.04 | -0.62 | 3.06 | 3.85 | 5.44 | 3.03 | 1.91 | 2.60 | 0.12 | 0.64 | 1.51 | -0.07 | 2.85 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 16 years · Updated daily
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Quick answers to the most common questions about buying BTM stock.
Bitcoin Depot Inc.'s current P/E is -0.6x. The average P/E over the last 3 quarters is 47.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Bitcoin Depot Inc.'s current operating margin is 7.1%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Bitcoin Depot Inc.'s business trajectory between earnings reports.