Bitcoin Depot (BTM) Enterprise Value (2022 - 2025)
Bitcoin Depot (BTM) posted Enterprise Value of -$65.6 million for Q4 2025, down 10.69% sequentially from -$59.3 million in Q3 2025, and down 122.58% YoY from $290.5 million in Q4 2024.
Bitcoin Depot (BTM) Enterprise Value (2022 - 2025) Analysis & Trends
Bitcoin Depot (BTM) has 4 years of Enterprise Value data on file, last reported at -$65.6 million in Q4 2025.
- Quarterly Enterprise Value fell 122.58% year-over-year to -$65.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$65.6 million (down 122.58% YoY) and the FY2025 annual result came in at -$65.6 million, down 122.58% from the prior year.
- Enterprise Value fell to -$65.6 million in Q4 2025 per BTM's latest filing, from -$59.3 million in the prior quarter.
- The five-year high for Enterprise Value was -$27.4 million in Q2 2023, with the low at -$65.6 million in Q4 2025.
- Average Enterprise Value over 4 years is -$40.0 million, with a median of -$36.3 million recorded in 2022.
- Year-over-year, Enterprise Value climbed 20.73% in 2023 and slumped 122.58% in 2025.
- Bitcoin Depot's Enterprise Value stood at -$37.5 million in 2022, then grew by 20.73% to -$29.8 million in 2023, then grew by 0.96% to -$29.5 million in 2024, then tumbled by 122.58% to -$65.6 million in 2025.
- Business Quant data shows BTM's Enterprise Value at -$65.6 million in Q4 2025, -$59.3 million in Q3 2025, and -$48.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | -133.53 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | -937.55 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | -44.98 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -2.16 Bn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | -4.64 Bn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | -1.02 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | -1.25 Bn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | -1.52 Bn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -2.21 Bn |
| 10 | Bitcoin Depot | - | - | -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 |