Bitcoin Depot (BTM) EBITDA Margin (2023 - 2025)
Bitcoin Depot (BTM) posted EBITDA Margin of 2.08% for Q4 2025, down 125.46% sequentially from 8.17% in Q3 2025, and down 1080.0% YoY from 0.21% in Q4 2024.
Bitcoin Depot (BTM) EBITDA Margin (2023 - 2025) Analysis & Trends
Bitcoin Depot (BTM) has 3 years of EBITDA Margin data on file, last reported at 2.08% in Q4 2025.
- Quarterly EBITDA Margin fell 1080.0% year-over-year to 2.08% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 7.71% (up 284.0% YoY) and the FY2025 annual result came in at 7.71%, up 199.0% from the prior year.
- EBITDA Margin declined to 2.08% in Q4 2025 per BTM's latest filing, from 8.17% in the prior quarter.
- The five-year high for EBITDA Margin was 11.75% in Q1 2025, with the low at 5.6% in Q4 2023.
- Average EBITDA Margin over 3 years is 3.25%, with a median of 5.86% recorded in 2024.
- Year-over-year, EBITDA Margin surged 1432 bps in 2024 and sank 1080 bps in 2025.
- Bitcoin Depot's EBITDA Margin stood at 5.6% in 2023, then jumped by 256 bps to 8.72% in 2024, then plunged by 124 bps to 2.08% in 2025.
- Business Quant data shows BTM's EBITDA Margin at 2.08% in Q4 2025, 8.17% in Q3 2025, and 10.02% in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 95.15% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 136.81% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 61.80% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 124.07% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 28.49% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 11.84% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 47.66% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 110.52% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -176.07% |
| 10 | Bitcoin Depot | - | - | -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% |