Bitcoin Depot (BTM) FCF Margin (2022 - 2025)
Bitcoin Depot (BTM) posted FCF Margin of 0.29% for Q4 2025, down 81.71% sequentially from 1.57% in Q3 2025, and down 295.0% YoY from 0.15% in Q4 2024.
Bitcoin Depot (BTM) FCF Margin (2022 - 2025) Analysis & Trends
Bitcoin Depot (BTM) has 4 years of FCF Margin data on file, last reported at 0.29% in Q4 2025.
- Quarterly FCF Margin fell 295.0% year-over-year to 0.29% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 4.64% (up 258.0% YoY) and the FY2025 annual result came in at 4.64%, up 258.0% from the prior year.
- FCF Margin declined to 0.29% in Q4 2025 per BTM's latest filing, from 1.57% in the prior quarter.
- The five-year high for FCF Margin was 9.69% in Q1 2025, with the low at 0.77% in Q3 2024.
- Average FCF Margin over 4 years is 4.52%, with a median of 5.06% recorded in 2023.
- Year-over-year, FCF Margin plunged 555 bps in 2024 and surged 912 bps in 2025.
- Bitcoin Depot's FCF Margin stood at 6.09% in 2022, then declined by 17 bps to 5.06% in 2023, then slumped by 36 bps to 3.24% in 2024, then plunged by 91 bps to 0.29% in 2025.
- Business Quant data shows BTM's FCF Margin at 0.29% in Q4 2025, 1.57% in Q3 2025, and 5.64% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | -38.15% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | -188.27% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 111.11% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 190.16% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 2.52% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 16.77% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 28.16% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -791.16% |
| 10 | Bitcoin Depot | - | - | -368.45 Mn | 0.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.29% |
| Sep 30, 2025 | 1.57% |
| Jun 30, 2025 | 5.64% |
| Mar 31, 2025 | 9.69% |
| Dec 31, 2024 | 3.24% |
| Sep 30, 2024 | -0.77% |
| Jun 30, 2024 | 4.67% |
| Mar 31, 2024 | 0.57% |
| Dec 31, 2023 | 5.06% |
| Sep 30, 2023 | 3.89% |
| Jun 30, 2023 | 8.40% |
| Mar 31, 2023 | 6.12% |
| Dec 31, 2022 | 6.09% |
| Sep 30, 2022 | 6.07% |
| Jun 30, 2022 | 7.27% |