Bitcoin Depot (BTMWW) Gross Margin (2022 - 2025)
Bitcoin Depot recorded quarterly Gross Margin of 317.53% in Q4 2025, down 1812.65% quarter-over-quarter from 18.54% in Q3 2025, and down 7633.0% year-over-year from 4.22% in Q4 2024.
Bitcoin Depot's Gross Margin history runs 4 years deep, the most recent figure standing at 317.53% for Q4 2025.
- In Q4 2025, Gross Margin fell 7633.0% year-over-year to 317.53%; the TTM figure through Dec 2025 stood at 44.31% (down 1705.0% YoY), while the FY2025 annual figure was 18.43%, up 249.0% from the prior year.
- Gross Margin came in at 317.53% for Q4 2025 at Bitcoin Depot, down from 18.54% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 97.53% in Q4 2022 to a low of 317.53% in Q4 2025.
- A 4-year average of 7.56% and a median of 15.31% in 2023 frame the typical range for Gross Margin.
- On a YoY basis, Gross Margin climbed as much as 8108 bps in 2024 and fell as far as 25573 bps in 2024.
- Bitcoin Depot's Gross Margin stood at 97.53% in 2022, then tumbled by 85 bps to 14.52% in 2023, then plunged by 1761 bps to 241.2% in 2024, then sank by 32 bps to 317.53% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 317.53%, 18.54%, and 19.01% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 89.97% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 84.10% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 99.97% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | Bitcoin Depot | - | - | -368.45 Mn | -317.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -317.53% |
| Sep 30, 2025 | 18.54% |
| Jun 30, 2025 | 19.01% |
| Mar 31, 2025 | 20.18% |
| Dec 31, 2024 | -241.20% |
| Sep 30, 2024 | 96.09% |
| Jun 30, 2024 | 16.16% |
| Mar 31, 2024 | 12.45% |
| Dec 31, 2023 | 14.52% |
| Sep 30, 2023 | 15.01% |
| Jun 30, 2023 | 15.31% |
| Mar 31, 2023 | 97.18% |
| Dec 31, 2022 | 97.53% |
| Sep 30, 2022 | 12.20% |
| Jun 30, 2022 | 11.11% |