Bitcoin Depot (BTM) Tax Rate (2022 - 2025)

Bitcoin Depot's (BTM) quarterly Tax Rate came in at 62.79% in Q4 2025, up 10162.0% year-on-year from N/an in Q4 2024, and up 76.04% quarter-over-quarter from 35.67% in Q3 2025.

Bitcoin Depot (BTM) Tax Rate (2022 - 2025) Analysis & Trends

Bitcoin Depot has disclosed Tax Rate across 4 years of filings, most recently posting 62.79% for Q4 2025.

  • Tax Rate for Q4 2025 came in at 62.79%, up 10162.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 5.45% (up 15038.0% YoY), and the FY2024 annual result was 155.83%, down 14879.0% from the prior year.
  • Tax Rate came in at 62.79% for Q4 2025 at Bitcoin Depot, up from 35.67% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 62.79% in Q4 2025 to a low of 60.76% in Q3 2022.
  • The 4-year median for Tax Rate is 4.5% (2024), against an average of 0.41%.
  • Across the five-year window, Tax Rate tumbled 1808 bps in 2023 and surged 10162 bps in 2025, its largest moves.
  • Bitcoin Depot's Tax Rate stood at 17.77% in 2022, then plunged by 102 bps to 35.85% in 2023, then decreased by 8 bps to 38.83% in 2024, then surged by 262 bps to 62.79% in 2025.
  • The last three Tax Rate figures came in at 62.79% (Q4 2025), 35.67% (Q3 2025), and 8.62% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - 19.58%
3 Goldman Sachs 317.73 Bn -619.82 Bn - 13.20%
4 Schwab Charles 153.74 Bn 108.77 Bn - 22.24%
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 15.82%
6 Interactive Brokers 38.91 Bn 49.50 Bn - 9.08%
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 26.45%
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 23.03%
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 2.47%
10 Bitcoin Depot 3.52 Mn -62.08 Mn -368.45 Mn 62.79%

Historic Data

Download Data
DateValue
Dec 31, 2025 62.79%
Dec 31, 2025 62.79%
Sep 30, 2025 35.67%
Sep 30, 2025 35.67%
Jun 30, 2025 8.62%
Jun 30, 2025 8.62%
Dec 31, 2024 -38.83%
Dec 31, 2024 -38.83%
Sep 30, 2024 13.11%
Sep 30, 2024 13.11%
Jun 30, 2024 5.84%
Jun 30, 2024 5.84%
Mar 31, 2024 3.16%
Mar 31, 2024 3.16%
Dec 31, 2023 -35.85%
Dec 31, 2023 -35.85%
Sep 30, 2023 24.04%
Sep 30, 2023 24.04%
Jun 30, 2023 14.73%
Jun 30, 2023 14.73%