)
Visual21 Nov 2025
Data center suppliers
Bitcoin Depot (BTM) investor relations material
Bitcoin Depot Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Q3 2025 revenue rose 20% year-over-year to $162.5 million, driven by kiosk expansion, higher transaction sizes, and disciplined cost management.
Net income surged 139% year-over-year to $5.5 million, with EPS at $0.08 versus a loss of $0.05 last year.
Adjusted EBITDA increased 75% year-over-year to $16.1 million, reflecting strong operational leverage.
Completed the acquisition of National Bitcoin ATM, adding over 500 kiosks and reinforcing leadership in North America.
Maintained leading market position in North America with over 9,200 kiosks and expanded BDCheckout to 16,345 retail locations.
Financial highlights
Gross profit for Q3 2025 was $28.2 million, up 40% year-over-year; gross margin improved to 17.4% from 14.9%.
Adjusted Gross Profit for Q3 2025 was $30.1 million, with an adjusted gross margin of 18.5%.
Adjusted EBITDA margin for Q3 2025 was 9.9%, up from 6.8% in Q3 2024.
Cash, cash equivalents, and cryptocurrencies totaled $72.9 million at quarter end, up from $31.0 million at 2024 year-end.
Net cash flows from operations for the first nine months of 2025 were $33.0 million, up over 90% year-over-year.
Outlook and guidance
Q4 2025 revenue expected between $112–$115 million, with adjusted EBITDA in the low single-digit millions.
Guidance reflects seasonality, new state regulations (transaction and fee caps), and enhanced compliance standards.
Long-term outlook remains positive as regulatory changes are expected to benefit compliant operators.
Management expects existing cash and cash flows from operations to be sufficient for at least the next 12 months.
Pending license application in New York State, with potential to add 2,500–3,000 kiosks.
Strategy for states with new transaction limits
International expansion's role in growth strategy
Future of profit share program and debt structure
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Bitcoin Depot earnings date
Q4 202517 Mar, 2026
Next Bitcoin Depot earnings date
Q4 202517 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Bitcoin Depot Inc. operates one of the largest networks of cryptocurrency ATMs, commonly referred to as Bitcoin Teller Machines (BTMs), across North America. The company allows customers to buy and sell cryptocurrencies, including Bitcoin, Litecoin, and Ethereum, using its extensive network of BTMs. Additionally, Bitcoin Depot offers its BDCheckout service, which enables users to purchase cryptocurrency at retail locations and fund their digital wallets. The company focuses on providing easy access to digital currencies, particularly for those who prefer using cash. Bitcoin Depot is headquartered in Atlanta, Georgia, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage