Bitcoin Depot (BTM) EBITDA Margin (2023 - 2025)
Bitcoin Depot's (BTM) quarterly EBITDA Margin came in at 2.08% in Q4 2025, down 1080.0% year-on-year from 0.21% in Q4 2024, and down 125.46% quarter-over-quarter from 8.17% in Q3 2025.
Bitcoin Depot (BTM) EBITDA Margin (2023 - 2025) Analysis & Trends
Bitcoin Depot has disclosed EBITDA Margin across 3 years of filings, most recently posting 2.08% for Q4 2025.
- EBITDA Margin for Q4 2025 came in at 2.08%, down 1080.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 7.71% (up 284.0% YoY), and the FY2025 annual result was 7.71%, up 199.0% from the prior year.
- EBITDA Margin came in at 2.08% for Q4 2025 at Bitcoin Depot, down from 8.17% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 11.75% in Q1 2025 to a low of 5.6% in Q4 2023.
- The 3-year median for EBITDA Margin is 5.86% (2024), against an average of 3.25%.
- Across the five-year window, EBITDA Margin jumped 1432 bps in 2024 and tumbled 1080 bps in 2025, its largest moves.
- Bitcoin Depot's EBITDA Margin stood at 5.6% in 2023, then jumped by 256 bps to 8.72% in 2024, then tumbled by 124 bps to 2.08% in 2025.
- The last three EBITDA Margin figures came in at 2.08% (Q4 2025), 8.17% (Q3 2025), and 10.02% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 95.15% |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 136.81% |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 61.80% |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 28.49% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 14.74% |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 11.84% |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 47.66% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 110.52% |
| 10 | Bitcoin Depot | 3.52 Mn | -62.08 Mn | -368.45 Mn | -2.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.08% |
| Sep 30, 2025 | 8.17% |
| Jun 30, 2025 | 10.02% |
| Mar 31, 2025 | 11.75% |
| Dec 31, 2024 | 8.72% |
| Sep 30, 2024 | 5.45% |
| Jun 30, 2024 | 6.26% |
| Mar 31, 2024 | -1.11% |
| Dec 31, 2023 | -5.60% |
| Sep 30, 2023 | -3.95% |
| Jun 30, 2023 | -5.42% |
| Mar 31, 2023 | 6.77% |