Bitcoin Depot (BTMWW) Net Margin (2022 - 2025)
Bitcoin Depot recorded quarterly Net Margin of 2.89% in Q4 2025, down 185.54% quarter-over-quarter from 3.38% in Q3 2025, and up 145.0% year-over-year from 1.18% in Q4 2024.
Bitcoin Depot's Net Margin history runs 4 years deep, the most recent figure standing at 2.89% for Q4 2025.
- In Q4 2025, Net Margin rose 145.0% year-over-year to 2.89%; the TTM figure through Dec 2025 stood at 4.57% (up 518.0% YoY), while the FY2025 annual figure was 1.01%, up 103.0% from the prior year.
- Net Margin came in at 2.89% 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 8.3% in Q1 2025 to a low of 5.6% in Q4 2023.
- A 4-year average of 0.26% and a median of 1.7% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin tumbled 677 bps in 2024 and soared 1135 bps in 2025, its largest moves.
- Bitcoin Depot's Net Margin stood at 5.55% in 2022, then decreased by 1 bps to 5.6% in 2023, then rose by 23 bps to 4.33% in 2024, then jumped by 33 bps to 2.89% in 2025.
- According to Business Quant data, Net Margin over the past three periods registered 2.89%, 3.38%, and 7.16% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 26.29% |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 31.36% |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 36.98% |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 32.80% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 16.00% |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 132.82% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 7.22% |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -171.16% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 37.74% |
| 10 | Bitcoin Depot | - | - | -368.45 Mn | -2.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.89% |
| Sep 30, 2025 | 3.38% |
| Jun 30, 2025 | 7.16% |
| Mar 31, 2025 | 8.30% |
| Dec 31, 2024 | -4.33% |
| 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 | -5.55% |
| Sep 30, 2022 | 1.89% |
| Jun 30, 2022 | 2.45% |