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

Bitcoin Depot has disclosed Gross Margin across 4 years of filings, most recently posting 317.53% for Q4 2025.

• Gross Margin for Q4 2025 came in at 317.53%, down 7633.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 44.31% (down 1705.0% YoY), and the FY2025 annual result was 18.43%, up 249.0% from the prior year.
• Gross Margin came in at 317.53% for Q4 2025 at Bitcoin Depot, down from 18.54% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 97.53% in Q4 2022 to a low of 317.53% in Q4 2025.
• The 4-year median for Gross Margin is 15.31% (2023), against an average of 7.56%.
• Peak annual rise in Gross Margin reached 8108 bps in 2024, while the deepest fall reached 25573 bps in 2024.
• Bitcoin Depot's Gross Margin stood at 97.53% in 2022, then plunged by 85 bps to 14.52% in 2023, then sank by 1761 bps to 241.2% in 2024, then slumped by 32 bps to 317.53% in 2025.
• The last three Gross Margin figures came in at 317.53% (Q4 2025), 18.54% (Q3 2025), and 19.01% (Q2 2025), per Business Quant data.