Bitcoin Depot (BTMCQ) Accumulated Expenses (2021 - 2025)
Bitcoin Depot's (BTMCQ) quarterly Accumulated Expenses came in at $41.1 million in Q4 2025, up 187.88% year-over-year from $14.3 million in Q4 2024, and up 111.8% quarter-over-quarter from $19.4 million in Q3 2025.
Analysis
Bitcoin Depot (BTMCQ) Accumulated Expenses (2021 - 2025) Analysis & Trends
Bitcoin Depot has disclosed Accumulated Expenses across 5 years of filings, most recently posting $41.1 million for Q4 2025.
- In Q4 2025, Accumulated Expenses rose 187.88% year-over-year to $41.1 million; the TTM figure through Dec 2025 stood at $41.1 million (up 187.88% YoY), while the FY2025 annual figure was $41.1 million, up 187.88% from the prior year.
- Accumulated Expenses came in at $41.1 million for Q4 2025 at Bitcoin Depot, up from $19.4 million in the prior quarter.
- In the past five years, Accumulated Expenses ranged from a high of $41.1 million in Q4 2025 to a low of $70000.0 in Q1 2022.
- Average Accumulated Expenses over 5 years is $14.8 million, with a median of $16.9 million recorded in 2025.
- Year-over-year, Accumulated Expenses jumped 20145.7% in 2023 and slipped 25.49% in 2025.
- Over 5 years, Accumulated Expenses stood at $300000.0 in 2021, then soared by 3669.67% to $11.3 million in 2022, then surged by 63.63% to $18.5 million in 2023, then dropped by 22.94% to $14.3 million in 2024, then surged by 187.88% to $41.1 million in 2025.
- Per Business Quant data, the three most recent Accumulated Expenses figures were $41.1 million in Q4 2025, $19.4 million in Q3 2025, and $16.9 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Circle Internet | 21.42 Bn | 19.69 Bn | 288.85 Mn |
| 2 | Galaxy Digital | 9.65 Bn | 8.99 Bn | 8.38 Bn |
| 3 | Gemini Space Station | 747.56 Mn | 558.94 Mn | - |
| 4 | CEA Industries | 316.43 Mn | 309.34 Mn | 1.96 Mn |
| 5 | Solana | 220.13 Mn | 216.48 Mn | 2.45 Mn |
| 6 | Empery Digital | 88.27 Mn | 88.27 Mn | -68,184.00 |
| 7 | Amber International Holding | 52.85 Mn | 19.43 Mn | 11.06 Mn |
| 8 | Metalpha Technology Holding | 47.58 Mn | 43.65 Mn | - |
| 9 | Fold Holdings | 31.36 Mn | 2.96 Mn | 5.36 Mn |
| 10 | Bitcoin Depot | 317,293.93 | -65.31 Mn | 17.31 Mn |
Historic Data
Download Data
Historic 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 |