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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (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 | 92.05% |
| 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 | 41.19% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 88.68% |
| 10 | Bitcoin Depot | 330,711.39 | -65.30 Mn | 17.31 Mn | 14.92% |
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% |