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Bitcoin Depot (BTM)
NASDAQ:BTM
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.12Last Year’s EPS
-0.07Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 18, 2025
|% Change Since: -8.63%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant improvements in adjusted EBITDA, gross profit, and strategic growth through kiosk expansion and international plans. However, challenges remain with revenue declines due to regulatory impacts and potential legislative headwinds. The company is managing cash flow and debt effectively, but regulatory challenges continue to affect operations.Company Guidance
In the fourth quarter and full year 2024 conference call, Bitcoin Depot Inc. provided detailed guidance on their financial and operational performance, highlighting several key metrics. The company reported a Q4 adjusted gross profit increase of 18% year-over-year to $25.4 million, with an adjusted EBITDA growth of 34% to $12 million. Despite a revenue decline to $136.8 million from $148.4 million due to unfavorable legislation in California and other states, they optimized their fleet, reducing operating expenses by 16% to $15 million. Bitcoin Depot ended 2024 with approximately 8,457 active kiosks and $31 million in cash and cash equivalents. For Q1 2025, they anticipate revenues between $151 million and $154 million, and adjusted EBITDA growth of over 200%. The company plans to expand its international presence, particularly in Australia, and is exploring additional countries for growth in 2025. They also expressed confidence in their cash flow generation and strategic initiatives, including potential dividends and debt reduction.Significant Increase in Adjusted EBITDA
Adjusted EBITDA for Q4 2024 increased 34% to $12 million compared to $9 million for Q4 2023, driven by higher net income.
Expansion and Growth in Kiosk Network
Ended 2024 with approximately 8,457 active kiosks, surpassing goals and reflecting strong execution in enhancing Bitcoin accessibility.
Improved Gross Profit and Margin
Q4 adjusted gross profit increased 18% to $25.4 million, with gross margin up 400 basis points to 18.6% compared to the previous year.
International Expansion Plans
Shipped over 300 kiosks for launch in Australia in 2025, with plans to expand to additional countries, capitalizing on growing Bitcoin adoption.
Strong Cash Flow and Debt Management
Ended the year with $31 million in cash and cash equivalents, planning to pay down $9 million of term loan debt in 2025.
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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
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BTM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 14, 2024 | $1.98 | $1.86 | -6.06% |
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.
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FAQ
When does Bitcoin Depot (BTM) report earnings?
Bitcoin Depot (BTM) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is Bitcoin Depot (BTM) earnings time?
Bitcoin Depot (BTM) earnings time is at May 20, 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 (Q1) is 0.12.
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