Bitcoin Depot (BTM) Asset Utilization Ratio (2023 - 2025)

Bitcoin Depot's (BTM) quarterly Asset Utilization Ratio came in at 4.81 in Q4 2025, down 29.82% year-on-year from 6.85 in Q4 2024, and down 11.41% quarter-over-quarter from 5.43 in Q3 2025.

Bitcoin Depot (BTM) Asset Utilization Ratio (2023 - 2025) Analysis & Trends

Bitcoin Depot has disclosed Asset Utilization Ratio across 3 years of filings, most recently posting 4.81 for Q4 2025.

  • Asset Utilization Ratio for Q4 2025 came in at 4.81, down 29.82% year-over-year; the trailing twelve-month figure through Dec 2025 was 4.81 (down 29.82% YoY), and the FY2025 annual result was 5.84, down 21.44% from the prior year.
  • Asset Utilization Ratio came in at 4.81 for Q4 2025 at Bitcoin Depot, down from 5.43 in the prior quarter.
  • In the past five years, Asset Utilization Ratio ranged from a high of 9.02 in Q4 2023 to a low of 3.11 in Q1 2023.
  • The 3-year median for Asset Utilization Ratio is 6.52 (2024), against an average of 6.31.
  • Across the five-year window, Asset Utilization Ratio jumped 159.96% in 2024 and dropped 29.82% in 2025, its largest moves.
  • Bitcoin Depot's Asset Utilization Ratio stood at 9.02 in 2023, then fell by 24.06% to 6.85 in 2024, then slipped by 29.82% to 4.81 in 2025.
  • The last three Asset Utilization Ratio figures came in at 4.81 (Q4 2025), 5.43 (Q3 2025), and 6.12 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - 0.05
3 Goldman Sachs 317.73 Bn -619.82 Bn - 0.03
4 Schwab Charles 153.74 Bn 108.77 Bn - 0.05
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 0.11
6 Interactive Brokers 38.91 Bn 49.50 Bn - 0.03
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 0.98
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 0.26
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 0.03
10 Bitcoin Depot 3.52 Mn -62.08 Mn -368.45 Mn 4.81

Historic Data

Download Data
DateValue
Dec 31, 2025 4.81
Sep 30, 2025 5.43
Jun 30, 2025 6.12
Mar 31, 2025 7.06
Dec 31, 2024 6.85
Sep 30, 2024 6.33
Jun 30, 2024 6.71
Mar 31, 2024 8.08
Dec 31, 2023 9.02
Sep 30, 2023 8.82
Jun 30, 2023 3.37
Mar 31, 2023 3.11