Bitcoin Depot Inc. (BTMCQ)
OTHER OTC:BTMCQ
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Bitcoin Depot
(OTC:BTMCQ)
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Rating:44Neutral
Price Target:
$0.16
▼(-96.98% Downside)
Action:Reiterated
Date:05/29/26
Overall score is pressured primarily by elevated leverage and ongoing losses alongside weakening revenue trends, with the earnings call reinforcing significant near-term headwinds via 2026 revenue-decline guidance. Technical indicators also reflect a sustained downtrend. These negatives are partially offset by positive operating/free cash flow and improved operating profitability signals, but not enough to outweigh balance-sheet and regulatory-driven risks.
Positive Factors
Strong cash generation / free cash flow
Consistent positive operating and free cash flow despite GAAP losses indicates the business converts transactions into cash, improving liquidity and funding operations. This durable cash generation supports reinvestment, M&A flexibility, and a larger runway to absorb regulatory or demand shocks over months.
Negative Factors
Elevated leverage and thin capital base
Extremely high leverage constrains financial flexibility and raises solvency risk if cash flows deteriorate. With limited equity cushion, any sustained revenue or margin weakness increases refinancing and covenant risk, making capital-intensive responses to regulatory or market shocks more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation / free cash flow
Consistent positive operating and free cash flow despite GAAP losses indicates the business converts transactions into cash, improving liquidity and funding operations. This durable cash generation supports reinvestment, M&A flexibility, and a larger runway to absorb regulatory or demand shocks over months.
Read all positive factors
Bitcoin Depot (BTMCQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.87M
Dividend YieldN/A
Average Volume (3M)935.16K
Price to Earnings (P/E)―
Beta (1Y)2.27
Revenue Growth7.17%
EPS GrowthN/A
CountryUS
Employees126
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.13
Shares Outstanding5,941,972
10 Day Avg. Volume1,681,544
30 Day Avg. Volume935,156
Financial Highlights & Ratios
PEG Ratio-2.34
Price to Book (P/B)50.95
Price to Sales (P/S)1.05
P/FCF Ratio22.66
Enterprise Value/Market Cap0.86
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.01
Enterprise Value/Ebitda0.03
Forecast
1Y Price Target
$4.20Price Target Upside-20.75% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)-2.22
Revenue Forecast (FY)$403.22M
Bitcoin Depot Business Overview & Revenue Model
Company Description
Bitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of re...
How the Company Makes Money
Bitcoin Depot generates revenue primarily from transaction-based fees and spreads charged to customers who use its BTMs and other purchasing channels to buy (and where available, sell) cryptocurrency. In a typical BTM purchase, a customer inserts ...
Bitcoin Depot Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
28
Negative
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 614.85M | 573.70M | 688.97M | 646.83M | 548.98M |
| Gross Profit | 113.30M | 91.44M | 101.03M | 72.30M | 56.03M |
| EBITDA | 51.46M | 34.22M | 26.23M | 35.04M | 26.79M |
| Net Income | -6.18M | -11.69M | -26.10M | 3.98M | 5.94M |
Balance Sheet | |||||
| Total Assets | 130.44M | 80.10M | 77.38M | 93.40M | 108.33M |
| Cash, Cash Equivalents and Short-Term Investments | 65.63M | 30.98M | 30.47M | 38.08M | 38.03M |
| Total Debt | 65.36M | 63.51M | 31.33M | 62.62M | 69.31M |
| Total Liabilities | 118.61M | 96.59M | 68.00M | 83.96M | 89.35M |
| Stockholders Equity | 12.67M | -23.63M | -15.81M | 7.21M | 17.54M |
Cash Flow | |||||
| Free Cash Flow | 28.49M | 11.79M | 41.08M | 30.14M | 15.35M |
| Operating Cash Flow | 33.98M | 22.54M | 41.10M | 31.25M | 23.28M |
| Investing Cash Flow | -13.87M | -11.37M | -22.00K | -3.11M | -19.32M |
| Financing Cash Flow | 16.18M | -11.58M | -48.86M | -28.54M | -7.02M |
Bitcoin Depot Technical Analysis
Negative
5.30
Price Trends
3.60
Negative
5.10
Negative
12.03
Negative
Market Momentum
-1.33
Positive
22.79
Positive
1.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BTMCQ, the sentiment is Negative. The current price of 5.3 is above the 20-day moving average (MA) of 2.83, above the 50-day MA of 3.60, and below the 200-day MA of 12.03, indicating a bearish trend. The MACD of -1.33 indicates Positive momentum. The RSI at 22.79 is Positive, neither overbought nor oversold. The STOCH value of 1.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BTMCQ.
Bitcoin Depot Risk Analysis
Bitcoin Depot disclosed 83 risk factors in its most recent earnings report. Bitcoin Depot reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bitcoin Depot Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
48 Neutral | $705.36M | -3.89 | -0.14% | ― | 13.14% | 4.89% | |
48 Neutral | $309.98M | -6.28 | -29.52% | ― | 18.94% | -2819.27% | |
47 Neutral | $7.76M | -0.32 | ― | ― | ― | ― | |
44 Neutral | $1.87M | -5.54 | -152.67% | ― | 7.17% | ― | |
44 Neutral | $26.13M | 3.95 | ― | ― | 1.56% | ― | |
42 Neutral | $4.47M | -0.90 | -164.77% | ― | ― | 92.58% |
* Financial Sector Average
BTMCQ
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.