Bitcoin Depot (BTM) FCF Margin (2022 - 2025)
Bitcoin Depot's (BTM) quarterly FCF Margin came in at 0.29% in Q4 2025, down 295.0% year-on-year from 0.15% in Q4 2024, and down 81.71% quarter-over-quarter from 1.57% in Q3 2025.
Bitcoin Depot (BTM) FCF Margin (2022 - 2025) Analysis & Trends
Bitcoin Depot has disclosed FCF Margin across 4 years of filings, most recently posting 0.29% for Q4 2025.
- FCF Margin for Q4 2025 came in at 0.29%, down 295.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 4.64% (up 258.0% YoY), and the FY2025 annual result was 4.64%, up 258.0% from the prior year.
- FCF Margin came in at 0.29% for Q4 2025 at Bitcoin Depot, down from 1.57% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 9.69% in Q1 2025 to a low of 0.77% in Q3 2024.
- The 4-year median for FCF Margin is 5.06% (2023), against an average of 4.52%.
- Across the five-year window, FCF Margin slumped 555 bps in 2024 and jumped 912 bps in 2025, its largest moves.
- Bitcoin Depot's FCF Margin stood at 6.09% in 2022, then decreased by 17 bps to 5.06% in 2023, then sank by 36 bps to 3.24% in 2024, then tumbled by 91 bps to 0.29% in 2025.
- The last three FCF Margin figures came in at 0.29% (Q4 2025), 1.57% (Q3 2025), and 5.64% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | -38.15% |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | -188.27% |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 111.11% |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 190.16% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 214.80% |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 2.52% |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 16.77% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 28.16% |
| 10 | Bitcoin Depot | 3.52 Mn | -62.08 Mn | -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% |