Bitcoin Depot Inc.
Bitcoin Depot Inc. (BTM) Financial Performance & Income Statement Overview
Analyze Bitcoin Depot Inc. (BTM) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
Bitcoin Depot Inc. (BTM) Income Statement & Financial Overview
Analyze Bitcoin Depot Inc.’s BTM earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $164.23M | $136.83M | $135.27M | $163.07M |
| Cost of Revenue | $131.09M | $111.42M | $112.85M | $136.71M |
| Gross Profit | $33.13M | $25.41M | $22.42M | $26.36M |
| Gross Profit Ratio | $0.20 | $0.19 | $0.17 | $0.16 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $13.44M | $13.10M | $14.69M | $15.76M |
| Operating Expenses | $15.34M | $14.98M | $16.94M | $18.75M |
| Total Costs & Expenses | $146.43M | $128.44M | $129.79M | $155.46M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | -$3.07M | $3.47M | $2.91M | $2.88M |
| Depreciation & Amortization | $1.90M | $2.10M | $2.25M | $2.99M |
| EBITDA | $12.46M | $12.62M | $7.92M | $10.60M |
| EBITDA Ratio | $0.08 | $0.09 | $0.06 | $0.06 |
| Operating Income | $17.80M | $10.43M | $5.48M | $7.60M |
| Operating Income Ratio | $0.11 | $0.08 | $0.04 | $0.05 |
| Other Income/Expenses (Net) | -$4.17M | -$3.38M | -$2.83M | -$2.98M |
| Income Before Tax | $13.63M | $7.05M | $2.65M | $4.62M |
| Income Before Tax Ratio | $0.08 | $0.05 | $0.02 | $0.03 |
| Income Tax Expense | -$1.45M | $1.66M | $347000.00 | $270000.00 |
| Net Income | $15.08M | -$6.65M | -$939000.00 | -$2.56M |
| Net Income Ratio | $0.09 | -$0.05 | -$0.007 | -$0.02 |
| EPS | $0.20 | -$0.32 | $0.16 | -$0.13 |
| Diluted EPS | $0.20 | -$0.32 | $0.16 | -$0.13 |
| Weighted Avg Shares Outstanding | $21.36M | $16.38M | $20.70M | $19.43M |
| Weighted Avg Shares Outstanding (Diluted) | $21.36M | $16.38M | $20.70M | $19.43M |
The company's financials show resilient growth, with revenue advancing from $163.07M in Q2 2024 to $164.23M in Q1 2025. Gross profit remained healthy with margins at 20% in Q1 2025 compared to 16% in Q2 2024. Operating income hit $17.80M last quarter, sustaining a consistent 11% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $12.46M. Net income rose to $15.08M, while earnings per share reached $0.20. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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