Bitcoin Depot (BTMWW) Gross Margin (2022 - 2025)
Bitcoin Depot's (BTMWW) quarterly Gross Margin came in at 317.53% in Q4 2025, down 7633.0% year-on-year from 4.22% in Q4 2024, and down 1812.65% quarter-over-quarter from 18.54% in Q3 2025.
Bitcoin Depot (BTMWW) Gross Margin (2022 - 2025) Analysis & Trends
Bitcoin Depot has disclosed Gross Margin across 4 years of filings, most recently posting 317.53% for Q4 2025.
- Gross Margin for Q4 2025 came in at 317.53%, down 7633.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 44.31% (down 1705.0% YoY), and the FY2025 annual result 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.
- The 4-year median for Gross Margin is 15.31% (2023), against an average of 7.56%.
- Peak annual rise in Gross Margin reached 8108 bps in 2024, while the deepest fall reached 25573 bps in 2024.
- Bitcoin Depot's Gross Margin stood at 97.53% in 2022, then plunged by 85 bps to 14.52% in 2023, then sank by 1761 bps to 241.2% in 2024, then slumped by 32 bps to 317.53% in 2025.
- The last three Gross Margin figures came in at 317.53% (Q4 2025), 18.54% (Q3 2025), and 19.01% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | - |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | - |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | - |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 89.97% |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | - |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | - |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | - |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 99.97% |
| 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% |