Bitcoin Depot (BTM) Operating Expenses (2022 - 2025)

Bitcoin Depot has disclosed Operating Expenses across 4 years of filings, most recently posting $21.4 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $21.4 million, up 42.99% year-over-year; the trailing twelve-month figure through Dec 2025 was $72.1 million (up 7.22% YoY), and the FY2025 annual result was $72.1 million, up 7.22% from the prior year.
• Operating Expenses came in at $21.4 million for Q4 2025 at Bitcoin Depot, up from $18.3 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $21.4 million in Q4 2025 to a low of $162637.0 in Q1 2022.
• The 4-year median for Operating Expenses is $16.7 million (2024), against an average of $15.8 million.
• Across the five-year window, Operating Expenses surged 8281.86% in 2023 and declined 15.63% in 2024, its largest moves.
• Bitcoin Depot's Operating Expenses stood at $14.8 million in 2022, then gained by 20.1% to $17.8 million in 2023, then slipped by 15.63% to $15.0 million in 2024, then soared by 42.99% to $21.4 million in 2025.
• The last three Operating Expenses figures came in at $21.4 million (Q4 2025), $18.3 million (Q3 2025), and $17.0 million (Q2 2025), per Business Quant data.