Bitcoin Depot (BTMCQ) Cost of Revenue (2022 - 2025)

Bitcoin Depot has disclosed Cost of Revenue across 4 years of filings, most recently posting $98.7 million for Q4 2025.

• In Q4 2025, Cost of Revenue fell 11.39% year-over-year to $98.7 million; the TTM figure through Dec 2025 stood at $501.6 million (up 4.0% YoY), while the FY2025 annual figure was $501.6 million, up 4.0% from the prior year.
• Cost of Revenue came in at $98.7 million for Q4 2025 at Bitcoin Depot, down from $132.4 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $167.2 million in Q2 2023 to a low of $98.7 million in Q4 2025.
• Average Cost of Revenue over 4 years is $133.7 million, with a median of $132.4 million recorded in 2025.
• Year-over-year, Cost of Revenue decreased 26.02% in 2024 and advanced 17.28% in 2025.
• Over 4 years, Cost of Revenue stood at $130.6 million in 2022, then slipped by 2.87% to $126.9 million in 2023, then retreated by 12.17% to $111.4 million in 2024, then dropped by 11.39% to $98.7 million in 2025.
• Per Business Quant data, the three most recent Cost of Revenue figures were $98.7 million in Q4 2025, $132.4 million in Q3 2025, and $139.4 million in Q2 2025.