Growth Metrics

Bitcoin Depot (BTM) Gross Margin (2022 - 2025)

Bitcoin Depot's Gross Margin history spans 4 years, with the latest figure at 96.16% for Q3 2025.

  • For Q3 2025, Gross Margin rose 7.0% year-over-year to 96.16%; the TTM value through Sep 2025 reached 23.87%, down 7877.0%, while the annual FY2024 figure was 15.94%, 8129.0% down from the prior year.
  • Gross Margin for Q3 2025 was 96.16% at Bitcoin Depot, roughly flat from 96.34% in the prior quarter.
  • Across five years, Gross Margin topped out at 259.49% in Q3 2022 and bottomed at 276.05% in Q4 2022.
  • The 4-year median for Gross Margin is 96.25% (2025), against an average of 33.64%.
  • The largest annual shift saw Gross Margin crashed -24448bps in 2023 before it surged 8108bps in 2024.
  • A 4-year view of Gross Margin shows it stood at 276.05% in 2022, then soared by 105bps to 15.01% in 2023, then tumbled by -1707bps to 241.2% in 2024, then soared by 140bps to 96.16% in 2025.
  • Per Business Quant, the three most recent readings for BTM's Gross Margin are 96.16% (Q3 2025), 96.34% (Q2 2025), and 97.24% (Q1 2025).