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| Date | Value |
|---|---|
| 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% |