Growth Metrics

Bitcoin Depot (BTM) Cost of Revenue (2022 - 2025)

Bitcoin Depot's Cost of Revenue history spans 4 years, with the latest figure at $484.5 million for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 3.78% to $484.5 million in Q4 2025 year-over-year; TTM through Dec 2025 was $887.3 million, a 21.53% increase, with the full-year FY2025 number at $501.6 million, up 4.0% from a year prior.
  • Cost of Revenue hit $484.5 million in Q4 2025 for Bitcoin Depot, up from $132.4 million in the prior quarter.
  • Over the last five years, Cost of Revenue for BTM hit a ceiling of $484.5 million in Q4 2025 and a floor of $3.7 million in Q4 2022.
  • Historically, Cost of Revenue has averaged $158.3 million across 4 years, with a median of $136.7 million in 2024.
  • Biggest five-year swings in Cost of Revenue: skyrocketed 3334.9% in 2023 and later plummeted 96.53% in 2024.
  • Tracing BTM's Cost of Revenue over 4 years: stood at $3.7 million in 2022, then skyrocketed by 3334.9% to $126.9 million in 2023, then soared by 268.03% to $466.9 million in 2024, then grew by 3.78% to $484.5 million in 2025.
  • Business Quant data shows Cost of Revenue for BTM at $484.5 million in Q4 2025, $132.4 million in Q3 2025, and $139.4 million in Q2 2025.