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

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

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 Stock Up 0.7%

Shares of BTM opened at $4.06 on Wednesday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $42.26 million, a price-to-earnings ratio of 2.14 and a beta of 0.96. Bitcoin Depot has a 1 year low of $3.75 and a 1 year high of $48.16. The business’s 50 day simple moving average is $6.67 and its 200-day simple moving average is $13.64.

Hedge Funds Weigh In On Bitcoin Depot

Several institutional investors have recently bought and sold shares of BTM. Kestra Private Wealth Services LLC purchased a new position in shares of Bitcoin Depot in the 3rd quarter worth $36,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Bitcoin Depot during the 4th quarter valued at about $45,000. Bank of America Corp DE lifted its holdings in shares of Bitcoin Depot by 11,320.0% in the 2nd quarter. Bank of America Corp DE now owns 9,707 shares of the company’s stock valued at $49,000 after acquiring an additional 9,622 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Bitcoin Depot in the 2nd quarter valued at about $51,000. Finally, Engineers Gate Manager LP grew its position in Bitcoin Depot by 229.5% in the fourth quarter. Engineers Gate Manager LP now owns 47,543 shares of the company’s stock worth $61,000 after acquiring an additional 33,112 shares in the last quarter. Institutional investors own 9.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Bitcoin Depot in a research report on Wednesday, January 21st. Noble Financial restated an “outperform” rating on shares of Bitcoin Depot in a research report on Tuesday. Finally, B. Riley Financial lifted their target price on shares of Bitcoin Depot to $4.20 and gave the company a “neutral” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.