Bitcoin Depot (BTM) Operating Income (2022 - 2025)
Bitcoin Depot's (BTM) quarterly Operating Income came in at -$4.1 million in Q4 2025, down 139.46% year-on-year from $10.4 million in Q4 2024, and down 134.93% quarter-over-quarter from $11.8 million in Q3 2025.
Bitcoin Depot (BTM) Operating Income (2022 - 2025) Analysis & Trends
Bitcoin Depot has disclosed Operating Income across 4 years of filings, most recently posting -$4.1 million for Q4 2025.
- Operating Income for Q4 2025 came in at -$4.1 million, down 139.46% year-over-year; the trailing twelve-month figure through Dec 2025 was $41.2 million (up 70.23% YoY), and the FY2025 annual result was $41.2 million, up 70.23% from the prior year.
- Operating Income came in at -$4.1 million for Q4 2025 at Bitcoin Depot, down from $11.8 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $17.8 million in Q1 2025 to a low of -$4.1 million in Q4 2025.
- The 4-year median for Operating Income is $7.0 million (2022), against an average of $7.0 million.
- Across the five-year window, Operating Income jumped 4181.43% in 2023 and plunged 139.46% in 2025, its largest moves.
- Bitcoin Depot's Operating Income stood at $4.3 million in 2022, then slipped by 11.31% to $3.8 million in 2023, then surged by 174.71% to $10.4 million in 2024, then sank by 139.46% to -$4.1 million in 2025.
- The last three Operating Income figures came in at -$4.1 million (Q4 2025), $11.8 million (Q3 2025), and $15.7 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | - |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | - |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 304.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | - |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 287.25 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 45.00 Mn |
| 10 | Bitcoin Depot | 3.52 Mn | -62.08 Mn | -368.45 Mn | -4.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -4.12 Mn |
| Sep 30, 2025 | 11.78 Mn |
| Jun 30, 2025 | 15.75 Mn |
| Mar 31, 2025 | 17.80 Mn |
| Dec 31, 2024 | 10.43 Mn |
| Sep 30, 2024 | 5.48 Mn |
| Jun 30, 2024 | 7.60 Mn |
| Mar 31, 2024 | 699,000.00 |
| Dec 31, 2023 | 3.80 Mn |
| Sep 30, 2023 | 7.44 Mn |
| Jun 30, 2023 | 10.57 Mn |
| Mar 31, 2023 | 8.67 Mn |
| Dec 31, 2022 | 4.28 Mn |
| Sep 30, 2022 | 4.86 Mn |
| Jun 30, 2022 | 6.61 Mn |
| Mar 31, 2022 | -212,450.00 |