Bitcoin Depot (BTM) EBITDA (2022 - 2025)
Bitcoin Depot's (BTM) quarterly EBITDA came in at -$2.4 million in Q4 2025, down 120.25% year-on-year from $11.9 million in Q4 2024, and down 118.18% quarter-over-quarter from $13.3 million in Q3 2025.
Bitcoin Depot (BTM) EBITDA (2022 - 2025) Analysis & Trends
Bitcoin Depot has disclosed EBITDA across 4 years of filings, most recently posting -$2.4 million for Q4 2025.
- EBITDA for Q4 2025 came in at -$2.4 million, down 120.25% year-over-year; the trailing twelve-month figure through Dec 2025 was $47.4 million (up 69.5% YoY), and the FY2025 annual result was $47.4 million, up 44.51% from the prior year.
- EBITDA came in at -$2.4 million for Q4 2025 at Bitcoin Depot, down from $13.3 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $19.3 million in Q1 2025 to a low of -$10.7 million in Q2 2023.
- The 4-year median for EBITDA is $7.4 million (2024), against an average of $4.6 million.
- Across the five-year window, EBITDA surged 5311.11% in 2023 and plunged 120.25% in 2025, its largest moves.
- Bitcoin Depot's EBITDA stood at -$212450.0 in 2022, then plunged by 3810.57% to -$8.3 million in 2023, then soared by 243.57% to $11.9 million in 2024, then tumbled by 120.25% to -$2.4 million in 2025.
- The last three EBITDA figures came in at -$2.4 million (Q4 2025), $13.3 million (Q3 2025), and $17.2 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | -35.15 Mn |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 19.58 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 23.57 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 4.01 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 304.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 246.00 Mn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 584.88 Mn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 294.45 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 46.00 Mn |
| 10 | Bitcoin Depot | 3.52 Mn | -62.08 Mn | -368.45 Mn | -2.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.42 Mn |
| Sep 30, 2025 | 13.28 Mn |
| Jun 30, 2025 | 17.25 Mn |
| Mar 31, 2025 | 19.30 Mn |
| Dec 31, 2024 | 11.93 Mn |
| Sep 30, 2024 | 7.38 Mn |
| Jun 30, 2024 | 10.20 Mn |
| Mar 31, 2024 | -1.54 Mn |
| Dec 31, 2023 | -8.31 Mn |
| Sep 30, 2023 | -7.10 Mn |
| Jun 30, 2023 | -10.70 Mn |
| Mar 31, 2023 | 11.07 Mn |
| Mar 31, 2022 | -212,450.00 |