Bitcoin Depot (NASDAQ:BTM) Announces Quarterly Earnings Results, Misses Estimates By $0.71 EPS

Bitcoin Depot (NASDAQ:BTM) released its quarterly earnings data on Monday. The company reported ($1.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.71), Zacks reports. The firm had revenue of $116.04 million for the quarter, compared to analyst estimates of $113.93 million. Bitcoin Depot had a negative return on equity of 81.99% and a negative net margin of 0.94%.

Here are the key takeaways from Bitcoin Depot’s conference call:

• Full-year strength: 2025 revenue rose 7% to $615M with 9,721 installed kiosks (+15%), median transaction size up 43% to $400, and adjusted EBITDA up 42% to $56.4M, showing operating leverage across the business.
• Fourth-quarter results weakened: Q4 revenue fell to $116M (from $136.8M), gross profit and margins declined, and GAAP net loss was $24.9M that included an $18.5M arbitration accrual.
• 2026 outlook is cautious: management expects a 30%–40% revenue decline next year due to state transaction caps and enhanced compliance, with the kiosk fleet likely flat or modestly down and a focus on cost containment.
• Diversification push: the company acquired Kutt (P2P social betting) and launched ReadyBucks (small-business cash advances) to broaden revenue streams, though management does not expect these to be material to 2026 revenue.
• Stronger liquidity and funding: cash, cash equivalents, and crypto rose to $76.6M (from $31.0M) after a $15M registered direct offering and $34M of operating cash flow in 2025, while total debt remains modest at $62.5M (including profit-share liabilities).

Bitcoin Depot Price Performance

Shares of BTM stock opened at $4.06 on Wednesday. The firm has a market cap of $42.26 million, a P/E ratio of 2.14 and a beta of 0.96. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.88 and a quick ratio of 1.88. Bitcoin Depot has a 1-year low of $3.75 and a 1-year high of $48.16. The firm has a fifty day moving average of $6.67 and a two-hundred day moving average of $13.64.

Hedge Funds Weigh In On Bitcoin Depot

Hedge funds have recently bought and sold shares of the company. Kestra Private Wealth Services LLC acquired a new position in Bitcoin Depot in the third quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Bitcoin Depot during the 4th quarter worth approximately $45,000. Bank of America Corp DE raised its position in shares of Bitcoin Depot by 11,320.0% during the 2nd quarter. Bank of America Corp DE now owns 9,707 shares of the company’s stock worth $49,000 after purchasing an additional 9,622 shares during the period. Cetera Investment Advisers bought a new stake in shares of Bitcoin Depot in the 2nd quarter worth approximately $51,000. Finally, Engineers Gate Manager LP boosted its position in Bitcoin Depot by 229.5% during the 4th quarter. Engineers Gate Manager LP now owns 47,543 shares of the company’s stock valued at $61,000 after purchasing an additional 33,112 shares during the period. 9.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BTM shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Bitcoin Depot in a research note on Wednesday, January 21st. B. Riley Financial upped their target price on shares of Bitcoin Depot to $4.20 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Bitcoin Depot in a report on Tuesday. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $28.23.

Bitcoin Depot Company Profile

Bitcoin Depot, Inc operates one of the largest networks of self-service cryptocurrency kiosks in North America, enabling customers to buy and sell Bitcoin and other digital assets using cash or debit cards. Through a partnership model with convenience stores, gas stations and retail outlets, the company provides an accessible on-ramp and off-ramp for individuals entering the cryptocurrency market without requiring a bank account or extensive technical knowledge. Transactions are completed in real time at the point of sale, with verification and receipt provided via email or mobile phone.

Founded in 2016 and headquartered in Atlanta, Georgia, Bitcoin Depot began as a privately held startup focused on expanding retail access to digital currencies.