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
DateValue
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