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Bitcoin Depot (BTM)
NASDAQ:BTM
Earnings Data
Report Date
Aug 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.14Last Year’s EPS
-0.1Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: 281.18%
|Next Earnings Date:Aug 19, 2025
Earnings Call Sentiment|Positive
Bitcoin Depot reported strong financial performance, with significant revenue growth, improved profitability, and successful kiosk optimization. However, the company faces challenges such as modest growth projections for the next quarter and regulatory hurdles. Despite these challenges, the overall sentiment is positive due to the strong financial results and strategic expansion efforts.Company Guidance
In the Bitcoin Depot First Quarter 2025 earnings call, CEO Brandon Mintz reported a 19% year-over-year revenue growth, reaching $164.2 million, alongside a record net income of $12.2 million. The quarter saw a 46% increase in median transaction size to $300, with total transaction volume climbing to $163.8 million. The company’s adjusted gross profit surged by 92%, while adjusted EBITDA more than tripled to $20.3 million. Bitcoin Depot ended the quarter with approximately 8,483 active machines and aims to expand its footprint to around 10,000 kiosks, including over 100 new installations in Australia as part of its international growth strategy. The company also aims to enter additional countries and is optimistic about regulatory expansion into New York State. Bitcoin Depot's strong performance is further highlighted by a 770 basis-point increase in adjusted gross margin to 20.2% and a significant rise in cash flow from operations to $16.3 million. The balance sheet strengthened with cash and cash equivalents growing to $43.3 million, and the company acquired 83 more Bitcoin, bringing its holdings to 94.4 BTC.Strong Year-Over-Year Revenue Growth
Bitcoin Depot reported a 19% year-over-year revenue growth for Q1 2025, with revenue increasing from $138.5 million to $164.2 million.
Record Net Income and Improved Profitability
The company achieved record net income of $12.2 million, compared to a net loss of $4.2 million in Q1 2024. Adjusted EBITDA increased 315% year-over-year to $20.3 million.
Kiosk Optimization and Expansion Strategy
Bitcoin Depot ended Q1 with approximately 8,483 active machines and plans to expand to around 10,000 kiosks. The company is also expanding internationally with over 100 kiosks deployed in Australia.
Improved Cash Flow and Debt Reduction
Generated $16.3 million of cash from operating activities in Q1 2025, up from $1.3 million in Q1 2024. Paid down $6 million of term loan debt.
Significant Increase in Adjusted Gross Profit and Margin
Adjusted gross profit increased 92% year-over-year to $33.1 million, with a gross margin increase of 770 basis points to 20.2%.
BTM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BTM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2025 | $1.70 | $2.09 | +22.94% |
Mar 18, 2025 | $1.39 | $1.41 | +1.44% |
Nov 13, 2024 | $2.51 | $2.48 | -1.20% |
Aug 13, 2024 | $1.65 | $1.57 | -4.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Bitcoin Depot (BTM) report earnings?
Bitcoin Depot (BTM) is schdueled to report earning on Aug 19, 2025, TBA Not Confirmed.
What is Bitcoin Depot (BTM) earnings time?
Bitcoin Depot (BTM) earnings time is at Aug 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BTM EPS forecast?
BTM EPS forecast for the fiscal quarter 2025 (Q2) is 0.14.