BTM (BTM)
Bitcoin Depot Inc.
NASDAQ:BTMFinancial Services · Financial - Credit Services
Mkt Cap-
Float5.67M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$614.85M
Net Income-$6.18M
Total Assets$130.44M
Free Cash Flow$28.49M
Debt & Equity
Debt 84%
Equity 16%
Total Debt$65.36M
Total Equity$12.67M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:7
Nasdaq bars a compliance period at 1:250
- 1:7Reverse splitFeb 23, 20267 shares → 1
Balance Sheet Details
Assets$130.44M
Liabilities$118.61M
Accounts Receivable$639K
Accounts Payable$10.67M
Inventory$0
PP&E (Net)$29.1M
Goodwill$8.72M
Intangible Assets$804K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $614.85M | $573.7M | $688.97M | $646.83M | $548.98M | $245.13M |
| YoY Growth | 7.2% | -16.7% | 6.5% | 17.8% | 124.0% | - |
| Cost of Revenue | $501.56M | $482.26M | $587.94M | $574.53M | $492.95M | $214.04M |
| Gross Profit | $113.3M | $91.44M | $101.03M | $72.3M | $56.03M | $31.09M |
| Gross Margin | 18.4% | 15.9% | 14.7% | 11.2% | 10.2% | 12.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $64.41M | $57.16M | $57.77M | $36.99M | $29.14M | $14.03M |
| Other | $7.67M | $10.07M | $12.79M | $18.78M | $13.04M | $2.25M |
| Total Operating Expenses | $72.08M | $67.23M | $70.56M | $55.77M | $42.18M | $16.28M |
| Operating Income (EBIT) | $43.79M | $24.21M | $30.47M | $16.52M | $13.85M | $14.81M |
| Operating Margin | 7.1% | 4.2% | 4.4% | 2.6% | 2.5% | 6.0% |
| Interest Expense | $14.41M | $14.2M | $11.93M | $12.32M | $8M | $731K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | -$14.26M | -$28.95M | -$12.58M | -$8.1M | -$407K |
| Income Before Tax (EBT) | $7M | $9.95M | $1.52M | $3.94M | $5.75M | $14.41M |
| Income Tax Expense | $2.29M | $2.14M | $49K | $395K | -$171K | $0 |
| Net Income | -$6.18M | -$11.69M | -$26.1M | $3.98M | $5.94M | $14.41M |
| Net Income Margin | -1.0% | -2.0% | -3.8% | 0.6% | 1.1% | 5.9% |
| Supplementary Data | ||||||
| EPS | -0.81 | -0.56 | -1.57 | 0.32 | 0.48 | 1.17 |
| Diluted EPS | -0.81 | -0.56 | -1.57 | 0.32 | 0.48 | 1.17 |
| Weighted Average OS | 71.48M | 20.81M | 16.68M | 12.36M | 12.36M | 12.36M |
| EBITDA | $51.46M | $34.22M | $26.23M | $35.04M | $26.76M | $17.38M |
| EBITDA Margin | 8.4% | 6.0% | 3.8% | 5.4% | 4.9% | 7.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $65.63M | $29.47M | $29.76M | $37.54M | $38.03M | $41.15M |
| Short-Term Investments | $10.93M | $1.51M | $712K | $540K | $0 | $0 |
| Cash and Short-Term Investments | $76.56M | $30.98M | $30.47M | $38.08M | $38.03M | $41.15M |
| Accounts Receivable | $639K | $275K | $245K | $263K | $92K | $0 |
| Inventory | $0 | -$1.51M | $712K | $0 | $0 | $0 |
| Other Current Assets | $1.28M | $2.76M | $3.51M | $687K | $8.99M | $730K |
| Total Current Assets | $80.33M | $34.33M | $37.27M | $40.36M | $47.11M | $41.88M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $29.1M | $29.44M | $25.34M | $38.96M | $45.62M | $11.16M |
| Goodwill | $8.72M | $8.72M | $8.72M | $8.72M | $8.72M | $0 |
| Intangible Assets | $804K | $2.32M | $3.84M | $5.35M | $6.86M | $0 |
| Long-Term Investments | $0 | -$6.07M | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $10.45M | $4.56M | $1.8M | $0 | $0 | $0 |
| Other Long-Term Assets | $1.04M | $6.8M | $412K | $17K | $17K | $17K |
| Total Long-Term Assets | $50.11M | $45.77M | $40.11M | $53.04M | $61.22M | $11.18M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $130.44M | $80.1M | $77.38M | $93.4M | $108.33M | $53.06M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $10.67M | $11.56M | $8.34M | $8.12M | $10.03M | $2.24M |
| Short-Term Debt | $6.97M | $6.02M | $3.98M | $8.05M | $3.2M | $875K |
| Current Income Tax Payable | $0 | $2.21M | $4.78M | $647K | $0 | $0 |
| Current Unearned Revenue | $343K | $20K | $297K | $19K | $0 | $0 |
| Other Current Liabilities | $0 | $4.5M | $3.04M | $1.84M | $1.62M | $0 |
| Total Current Liabilities | $63.67M | $40.63M | $46.02M | $46.81M | $37.57M | $8.17M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $53.52M | $49.46M | $17.1M | $29.52M | $33.5M | $21.84M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $140K | $186K |
| Long-Term Deferred Tax Liabilities | $0 | $604K | $846K | $1.24M | $1.49M | $0 |
| Other Long-Term Liabilities | $0 | $2.18M | $865K | $0 | $1.25M | $0 |
| Total Long-Term Liabilities | $55.49M | $55.96M | $21.98M | $37.15M | $51.78M | $25.6M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $118.61M | $96.59M | $68M | $83.96M | $89.35M | $33.76M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $4K | $1K | $5K | $7.4M | $17.62M | $19.3M |
| Retained Earnings | -$49.2M | -$44.35M | -$32.66M | $0 | -$11K | $0 |
| Comprehensive Income & Other | -$255K | -$342K | -$203K | -$182K | -$72K | $0 |
| Other Stockholders' Equity | $61.87M | $20.72M | $16.84M | -$182K | -$61K | $0 |
| Total Equity | $12.67M | -$23.63M | -$15.81M | $7.21M | $17.54M | $19.3M |
| Minority Interest | -$840K | $7.15M | $25.19M | $2.23M | $1.43M | $0 |
| Total Liabilities and Equity | $131.28M | $72.96M | $52.19M | $91.17M | $106.9M | $53.06M |
| Supplementary Data | ||||||
| Total Debt | $65.36M | $63.51M | $31.33M | $62.62M | $69.31M | $29.38M |
| Net Debt | -$268K | $34.03M | $1.57M | $25.08M | $31.28M | -$11.77M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | $5.12M | $7.81M | $1.47M | $3.55M | $5.92M | $14.41M |
| Depreciation & Amortization | $7.67M | $10.07M | $12.79M | $18.78M | $13.01M | $2.25M |
| Deferred Income Tax | -$6.5M | -$3M | -$1.39M | -$252K | -$387K | $0 |
| Stock-Based Compensation | $4.87M | $3.4M | $4.14M | $1.23M | $505K | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$364K | $1.49M | $170K | -$171K | $14K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$889K | $3.22M | -$2.24M | -$1.91M | $7.29M | $1.47M |
| Other Working Capital | $20.26M | -$5.47M | $7.08M | $7.94M | -$12.7M | -$3.06M |
| Total Working Capital Change | $19M | -$762K | $5.01M | $5.86M | -$5.39M | -$1.59M |
| Other Non-Cash Items | $3.81M | $5.02M | $19.09M | $2.09M | $9.63M | $3.21M |
| Net Cash from Operating | $33.98M | $22.54M | $41.1M | $31.25M | $23.28M | $18.28M |
| Investing Activities | ||||||
| Capital Expenditures | -$5.49M | -$10.75M | -$22K | -$1.11M | -$7.93M | -$1.38M |
| Acquisitions | $88K | $0 | $0 | $0 | -$11.39M | $0 |
| Purchases of Investments | -$8.47M | -$620K | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | -$2M | $0 | $0 |
| Net Cash from Investing | -$13.87M | -$11.37M | -$22K | -$3.11M | -$19.32M | -$1.38M |
| Financing Activities | ||||||
| Debt Repaid | -$509K | -$25.86M | $32.84M | $16.64M | -$1.07M | -$21.39M |
| Common Stock Issuance | $35.11M | $0 | $0 | $0 | -$35K | $0 |
| Common Stock Repurchases | $0 | -$158K | -$279K | $0 | $0 | $0 |
| Dividends Paid | -$10.1M | -$37.16M | -$15.01M | -$11.35M | -$7.62M | -$1.43M |
| Other Financing Activities | -$9.33M | -$121K | -$735K | -$210K | -$432K | -$2.3M |
| Net Cash from Financing | $16.18M | -$11.58M | -$48.86M | -$28.54M | -$7.02M | $17.66M |
| Forex Effect | -$128K | $115K | -$1K | -$91K | -$69K | $0 |
| Net Change in Cash | $36.16M | -$287K | -$7.78M | -$488K | -$3.12M | $34.56M |
| Supplementary Data | ||||||
| Operating Cash Flow | $33.98M | $22.54M | $41.1M | $31.25M | $23.28M | $18.28M |
| Capital Expenditure | -$5.49M | -$10.75M | -$22K | -$1.11M | -$7.93M | -$1.38M |
| Free Cash Flow | $28.49M | $11.79M | $41.08M | $30.14M | $15.35M | $16.9M |
| Cash at Beginning | $29.47M | $29.76M | $37.54M | $38.03M | $41.15M | $6.59M |
| Cash at End | $65.63M | $29.47M | $29.76M | $37.54M | $38.03M | $41.15M |