Bitcoin Depot (BTM) Company Report

On November 21, 2025, Bitcoin Depot Inc. announced a leadership transition, with Scott Buchanan appointed as Chief Executive Officer, Brandon Mintz transitioning to Executive Chairman, and Elizabeth Simer appointed as Chief Operating Officer.
These changes are effective January 1, 2026.
As CEO, Scott Buchanan will receive an annual base salary of $850,000 and an annual cash incentive bonus of 75% of base salary at target, along with a time-based restricted stock unit award valued at $1,000,000 on November 21, 2025.
As Executive Chairman, Brandon Mintz will receive a base salary of $765,000, a target annual bonus of 75% of base salary, and an annual long-term equity incentive award with a target value of $850,000.

Nov 21, 2025, 1:00 PM

Bitcoin Depot Reports Q3 2025 Financial Results and Operational Highlights

BTM

Earnings

New Projects/Investments

Bitcoin Depot reported Q3 2025 revenue of $162.482 million, with Adjusted EBITDA of $16.058 million and Free Cash Flow of $19.1 million.
The company operates approximately 9,267 kiosks across North America and Australia as of September 30, 2025, holding a 28% market share in the U.S..
Bitcoin Depot has established significant retail partnerships, including being Circle K's exclusive BTM provider and agreements allowing crypto purchases at over 16,000 retail locations.
As of Q3 2025, the company's balance sheet shows $59.266 million in cash and cash equivalents and $13.634 million in crypto assets.

Nov 13, 2025, 3:00 PM

Bitcoin Depot Reports Strong Q3 2025 Results, Provides Q4 Outlook

BTM

Earnings

Guidance Update

M&A

Bitcoin Depot reported strong Q3 2025 financial results, with revenue increasing 20% to $162.5 million and Adjusted EBITDA rising 75% to $16.1 million. GAAP net income grew 139% to $5.5 million, leading to $0.08 EPS.
Operationally, the company ended Q3 with approximately 9,300 active machines and saw a 40% year-over-year increase in median transaction size to $350. Strategic growth includes the acquisition of National Bitcoin ATM, adding over 500 kiosks, and international expansion into Australia and Hong Kong.
For Q4 2025, the company anticipates revenue between $112 million and $115 million and Adjusted EBITDA in the low single-digit millions. This guidance reflects impacts from typical seasonality, recent state regulations imposing transaction/fee caps, and enhanced compliance standards.

Nov 13, 2025, 3:00 PM

Bitcoin Depot Inc. Announces Third Quarter 2025 Financial Results

BTM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Bitcoin Depot Inc. reported a 20% year-over-year increase in revenue for the third quarter of 2025, reaching $162.5 million.
Net income for Q3 2025 surged 139% year-over-year to $5.5 million, with Adjusted EBITDA growing 75% to $16.1 million. Net income attributable to common stockholders was $5.544 million, or $0.08 per share, compared to a net loss of $(0.939) million, or $(0.05) per share, in the prior year's third quarter.
As of September 30, 2025, the company's cash, cash equivalents, and cryptocurrencies totaled $72.9 million.
For the fourth quarter of 2025, the company projects revenue between $112 million and $115 million and Adjusted EBITDA in the low single digit millions, citing typical seasonality, recently enacted state regulations, and enhanced compliance standards as contributing factors.

Nov 13, 2025, 1:03 PM

Bitcoin Depot Announces Registered Direct Offering

BTM

Bitcoin Depot Inc. entered into definitive agreements to sell 4,285,716 shares of its Class A common stock at a purchase price of $3.50 per share in a registered direct offering.
The offering is expected to generate approximately $15 million in aggregate gross proceeds and approximately $13.8 million in net proceeds for the company.
The net proceeds from the offering are intended for general corporate purposes and working capital purposes.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering, receiving a cash fee equal to 6.0% of the gross proceeds.
The closing of the offering is anticipated to occur on or about October 8, 2025.

Oct 8, 2025, 11:05 AM

Bitcoin Depot Reports Strong Preliminary Third Quarter 2025 Financial Results

BTM

Earnings

Guidance Update

Bitcoin Depot Inc. announced preliminary revenue for the third quarter of 2025 to be approximately $160 million, representing an 18% increase compared to the $135.3 million reported in the third quarter of 2024.
The company also expects an approximate 50% increase in Adjusted EBITDA for Q3 2025, compared to $9.2 million in the third quarter of 2024.
CEO Brandon Mintz stated that these preliminary results exceed guidance for both revenue and Adjusted EBITDA, attributing the growth to the strength of their BTM network, disciplined execution, and ongoing consumer adoption of cryptocurrency.
These financial results for the third quarter ended September 30, 2025, are preliminary, have not been reviewed or audited, and are based on the Company's estimates, with full audited results expected in November.