Bitcoin Depot (BTMCQ) Net Margin (2022 - 2025)
Bitcoin Depot's (BTMCQ) quarterly Net Margin came in at 10.57% in Q4 2025, down 1436.0% year-over-year from 0.79% in Q4 2024, and down 413.08% quarter-over-quarter from 3.38% in Q3 2025.
Analysis
Bitcoin Depot (BTMCQ) Net Margin (2022 - 2025) Analysis & Trends
Bitcoin Depot has disclosed Net Margin across 4 years of filings, most recently posting 10.57% for Q4 2025.
- In Q4 2025, Net Margin fell 1436.0% year-over-year to 10.57%; the TTM figure through Dec 2025 stood at 2.88% (up 156.0% YoY), while the FY2025 annual figure was 1.01%, up 103.0% from the prior year.
- Net Margin came in at 10.57% for Q4 2025 at Bitcoin Depot, down from 3.38% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 7.41% in Q1 2025 to a low of 10.57% in Q4 2025.
- Average Net Margin over 4 years is 0.73%, with a median of 2.05% recorded in 2022.
- The largest YoY upside for Net Margin was 1047 bps in 2025 against a maximum downside of 1436 bps in 2025.
- Over 4 years, Net Margin stood at 2.05% in 2022, then plunged by 373 bps to 5.6% in 2023, then soared by 168 bps to 3.79% in 2024, then plunged by 379 bps to 10.57% in 2025.
- Per Business Quant data, the three most recent Net Margin figures were 10.57% in Q4 2025, 3.38% in Q3 2025, and 7.16% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Circle Internet | 21.42 Bn | 19.69 Bn | 288.85 Mn | 6.87% |
| 2 | Galaxy Digital | 9.65 Bn | 8.99 Bn | 8.38 Bn | -1.00% |
| 3 | Gemini Space Station | 747.56 Mn | 558.94 Mn | - | -236.89% |
| 4 | CEA Industries | 316.43 Mn | 309.34 Mn | 1.96 Mn | -159.11% |
| 5 | Solana | 220.13 Mn | 216.48 Mn | 2.45 Mn | -1,197.78% |
| 6 | Empery Digital | 88.27 Mn | 88.27 Mn | -68,184.00 | -53,780.27% |
| 7 | Amber International Holding | 52.85 Mn | 19.43 Mn | 11.06 Mn | 10.76% |
| 8 | Metalpha Technology Holding | 47.58 Mn | 43.65 Mn | - | - |
| 9 | Fold Holdings | 31.36 Mn | 2.96 Mn | 5.36 Mn | -158.48% |
| 10 | Bitcoin Depot | 317,293.93 | -65.31 Mn | 17.31 Mn | -10.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -10.57% |
| Sep 30, 2025 | 3.38% |
| Jun 30, 2025 | 7.16% |
| Mar 31, 2025 | 7.41% |
| Dec 31, 2024 | 3.79% |
| Sep 30, 2024 | 1.70% |
| Jun 30, 2024 | 2.67% |
| Mar 31, 2024 | -3.05% |
| Dec 31, 2023 | -5.60% |
| Sep 30, 2023 | -3.95% |
| Jun 30, 2023 | -2.03% |
| Mar 31, 2023 | 3.72% |
| Dec 31, 2022 | 2.05% |
| Sep 30, 2022 | 1.89% |
| Jun 30, 2022 | 2.45% |