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Bitcoin Depot (BTM)
NASDAQ:BTM
Earnings Data
Report Date
May 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.69Last Year’s EPS
1.4Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: solid full-year operational and liquidity gains (revenue +7% YoY, kiosks +15%, median transaction size +43%, full-year adjusted EBITDA +42%, cash +147%) and strategic diversification (acquisitions, partnerships, new products). However, near-term performance weakened materially in Q4 (Q4 revenue -15% YoY, Q4 adjusted EBITDA down ~88%), GAAP results included a significant arbitration accrual, operating expenses rose, and management guided for a substantial 30%–40% revenue decline in the core business for 2026 due to regulatory headwinds. Overall, positives around scale, margins, cash, and strategic initiatives are balanced by significant short-term regulatory and financial challenges.Company Guidance
Full-Year Revenue Growth
Revenue for the full year increased 7% to $615,000,000, driven by kiosk expansion and higher median transaction size.
Installed Kiosk Expansion
Installed kiosks at year-end were 9,721, up 15% year-over-year, reflecting organic growth and targeted acquisitions (including >500 kiosks from National Day Bitcoin ATM).
Increase in Median Transaction Size
Median transaction size grew to $400, an increase of 43% versus 2024, supporting higher per-unit economics.
Adjusted EBITDA Growth (Full Year)
Adjusted EBITDA for the full year increased 42% to $56,400,000, underscoring operating leverage over a full-cycle view.
Material Cash and Liquidity Build
Cash, cash equivalents, and cryptocurrencies rose to $76,600,000 from $31,000,000 at the end of 2024 (increase of $45.6M, ~147%), and operating cash flow was $34,000,000 (up 51% YoY).
Gross Margin Expansion (Full Year)
Full-year gross margin expanded by 300 basis points to 17.2%, indicating improved unit economics despite quarterly volatility.
Strategic M&A and Partnerships
Company completed multiple strategic moves: asset acquisitions (National Day Bitcoin ATM assets, Instant Coin Bank), partnerships (GPM Investments — 188 initial locations; Wild Bill pilot with opportunity across ~250 locations), acquisition of Cut (P2P social betting) and launch of ReadyBox merchant cash advance product to diversify revenue streams.
Lifetime Value and User Spend
Defined lifetime value: users who transacted between 2016 and 12/31/2025 averaged $5,311 in cumulative purchases, up 5% year-over-year.
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 |
|---|---|---|---|
Mar 16, 2026 | $4.38 | $4.03 | -7.99% |
Nov 13, 2025 | $17.57 | $14.49 | -17.53% |
Aug 12, 2025 | $33.74 | $29.54 | -12.45% |
May 15, 2025 | $11.90 | $14.63 | +22.93% |
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 May 20, 2026, Before Open (Confirmed).
What is Bitcoin Depot (BTM) earnings time?
Bitcoin Depot (BTM) earnings time is at May 20, 2026, Before Open (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 2026 (Q1) is -0.69.