Bitcoin Depot (BTM) Enterprise Value (2022 - 2025)
Bitcoin Depot's (BTM) quarterly Enterprise Value came in at -$65.6 million in Q4 2025, down 122.58% year-on-year from $290.5 million in Q4 2024, and down 10.69% quarter-over-quarter from -$59.3 million in Q3 2025.
Bitcoin Depot (BTM) Enterprise Value (2022 - 2025) Analysis & Trends
Bitcoin Depot has disclosed Enterprise Value across 4 years of filings, most recently posting -$65.6 million for Q4 2025.
- Enterprise Value for Q4 2025 came in at -$65.6 million, down 122.58% year-over-year; the trailing twelve-month figure through Dec 2025 was -$65.6 million (down 122.58% YoY), and the FY2025 annual result was -$65.6 million, down 122.58% from the prior year.
- Enterprise Value came in at -$65.6 million for Q4 2025 at Bitcoin Depot, down from -$59.3 million in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$27.4 million in Q2 2023 to a low of -$65.6 million in Q4 2025.
- The 4-year median for Enterprise Value is -$36.3 million (2022), against an average of -$40.0 million.
- Across the five-year window, Enterprise Value increased 20.73% in 2023 and plunged 122.58% in 2025, its largest moves.
- Bitcoin Depot's Enterprise Value stood at -$37.5 million in 2022, then gained by 20.73% to -$29.8 million in 2023, then gained by 0.96% to -$29.5 million in 2024, then slumped by 122.58% to -$65.6 million in 2025.
- The last three Enterprise Value figures came in at -$65.6 million (Q4 2025), -$59.3 million (Q3 2025), and -$48.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | -268,003.51 |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | -133.53 Bn |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | -937.55 Bn |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | -44.98 Bn |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | -4.64 Bn |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | 10.59 Bn |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | -1.02 Bn |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | -1.25 Bn |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | -1.52 Bn |
| 10 | Bitcoin Depot | 3.52 Mn | -62.08 Mn | -368.45 Mn | -65.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -65.60 Mn |
| Sep 30, 2025 | -59.27 Mn |
| Jun 30, 2025 | -48.00 Mn |
| Mar 31, 2025 | -34.96 Mn |
| Dec 31, 2024 | -29.47 Mn |
| Sep 30, 2024 | -32.20 Mn |
| Jun 30, 2024 | -43.90 Mn |
| Mar 31, 2024 | -42.20 Mn |
| Dec 31, 2023 | -29.76 Mn |
| Sep 30, 2023 | -29.67 Mn |
| Jun 30, 2023 | -27.42 Mn |
| Dec 31, 2022 | -37.54 Mn |