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| Date | Value |
|---|---|
| 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 |