Bitcoin Depot (BTMCQ) Gross Margin (2022 - 2025)
Bitcoin Depot (BTMCQ) posted Gross Margin of 427.63% for Q4 2025, up 344.7% sequentially from 96.16% in Q3 2025, and up 7166.0% YoY from 5.89% in Q4 2024.
Bitcoin Depot (BTMCQ) Gross Margin (2022 - 2025) Analysis & Trends
Bitcoin Depot has reported Gross Margin for 4 years, with the latest figure at 427.63% in Q4 2025.
- Quarterly Gross Margin rose 7166.0% year-over-year to 427.63% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 137.41% (up 4100.0% YoY) and the FY2025 annual result came in at 96.31%, down 9.0% from the prior year.
- Gross Margin grew to 427.63% in Q4 2025 per BTMCQ's latest filing, from 96.16% in the prior quarter.
- Over five years, Gross Margin peaked at 427.63% in Q4 2025 and troughed at 11.11% in Q2 2022.
- A 4-year average of 92.18% and a median of 19.01% in 2025 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 25864 bps in 2024, down 8115 bps in 2024.
- Over 4 years, Gross Margin stood at 12.74% in 2022, then surged by 664 bps to 97.34% in 2023, then jumped by 266 bps to 355.97% in 2024, then rose by 20 bps to 427.63% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 427.63%, 96.16%, and 19.01% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | - |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | - |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 206.12% |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 92.05% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 72.42% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | - |
| 10 | Bitcoin Depot | 142,950.68 | -65.49 Mn | 496.20 Mn | 427.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 427.63% |
| Sep 30, 2025 | 96.16% |
| Jun 30, 2025 | 19.01% |
| Mar 31, 2025 | 97.24% |
| Dec 31, 2024 | 355.97% |
| Sep 30, 2024 | 16.57% |
| Jun 30, 2024 | 16.16% |
| Mar 31, 2024 | 12.45% |
| Dec 31, 2023 | 97.34% |
| Sep 30, 2023 | 97.09% |
| Jun 30, 2023 | 97.32% |
| Mar 31, 2023 | 13.63% |
| Dec 31, 2022 | 12.74% |
| Sep 30, 2022 | 12.20% |
| Jun 30, 2022 | 11.11% |