Bitcoin Depot (BTMCQ) Accumulated Expenses (2021 - 2025)
Bitcoin Depot (BTMCQ) posted Accumulated Expenses of $41.1 million for Q4 2025, up 111.8% sequentially from $19.4 million in Q3 2025, and up 187.88% YoY from $14.3 million in Q4 2024.
Bitcoin Depot (BTMCQ) Accumulated Expenses (2021 - 2025) Analysis & Trends
Bitcoin Depot has reported Accumulated Expenses for 5 years, with the latest figure at $41.1 million in Q4 2025.
- Quarterly Accumulated Expenses rose 187.88% year-over-year to $41.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $41.1 million (up 187.88% YoY) and the FY2025 annual result came in at $41.1 million, up 187.88% from the prior year.
- Accumulated Expenses grew to $41.1 million in Q4 2025 per BTMCQ's latest filing, from $19.4 million in the prior quarter.
- Over five years, Accumulated Expenses peaked at $41.1 million in Q4 2025 and troughed at $70000.0 in Q1 2022.
- A 5-year average of $14.8 million and a median of $16.9 million in 2025 frame the typical range for Accumulated Expenses.
- The sharpest annual moves came in 2023 and 2025: Accumulated Expenses surged 20145.7% in 2023, then dropped 25.49% in 2025.
- Over 5 years, Accumulated Expenses stood at $300000.0 in 2021, then surged by 3669.67% to $11.3 million in 2022, then jumped by 63.63% to $18.5 million in 2023, then fell by 22.94% to $14.3 million in 2024, then jumped by 187.88% to $41.1 million in 2025.
- According to Business Quant data, Accumulated Expenses over the past three periods registered $41.1 million, $19.4 million, and $16.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn |
| 10 | Bitcoin Depot | 330,711.39 | -65.30 Mn | 17.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 41.05 Mn |
| Sep 30, 2025 | 19.38 Mn |
| Jun 30, 2025 | 16.93 Mn |
| Mar 31, 2025 | 14.06 Mn |
| Dec 31, 2024 | 14.26 Mn |
| Sep 30, 2024 | 20.20 Mn |
| Jun 30, 2024 | 21.59 Mn |
| Mar 31, 2024 | 18.87 Mn |
| Dec 31, 2023 | 18.51 Mn |
| Sep 30, 2023 | 23.35 Mn |
| Jun 30, 2023 | 24.13 Mn |
| Mar 31, 2023 | 4.66 Mn |
| Dec 31, 2022 | 11.31 Mn |
| Sep 30, 2022 | 3.04 Mn |
| Jun 30, 2022 | 119,171.00 |
| Mar 31, 2022 | 70,000.00 |
| Dec 31, 2021 | 300,000.00 |