Bitcoin Depot (NASDAQ:BTM) Announces Earnings Results

Bitcoin Depot (NASDAQ:BTM) announced its quarterly earnings results on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04, FiscalAI reports. The firm had revenue of $162.48 million for the quarter, compared to analyst estimates of $153.11 million. Bitcoin Depot had a net margin of 0.44% and a negative return on equity of 44.12%. Bitcoin Depot updated its Q4 2025 guidance to EPS.

Bitcoin Depot Trading Down 16.5%

Shares of Bitcoin Depot stock traded down $0.42 on Thursday, hitting $2.10. 3,233,497 shares of the company’s stock traded hands, compared to its average volume of 1,127,135. The firm’s 50-day moving average price is $3.23 and its two-hundred day moving average price is $3.92. The company has a debt-to-equity ratio of 12.34, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $142.63 million, a PE ratio of 20.85 and a beta of 0.79. Bitcoin Depot has a one year low of $0.93 and a one year high of $6.88.

Insider Activity at Bitcoin Depot

In related news, COO Christopher Scott Buchanan sold 7,000 shares of Bitcoin Depot stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $3.82, for a total transaction of $26,740.00. Following the transaction, the chief operating officer owned 133,276 shares of the company’s stock, valued at $509,114.32. This trade represents a 4.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 21,000 shares of company stock valued at $70,280. Corporate insiders own 70.23% of the company’s stock.

Institutional Trading of Bitcoin Depot

Hedge funds have recently added to or reduced their stakes in the business. Welch Capital Partners LLC NY increased its holdings in shares of Bitcoin Depot by 33.0% in the second quarter. Welch Capital Partners LLC NY now owns 1,285,190 shares of the company’s stock worth $6,516,000 after acquiring an additional 318,940 shares in the last quarter. Vanguard Group Inc. boosted its stake in Bitcoin Depot by 54.9% in the 3rd quarter. Vanguard Group Inc. now owns 951,318 shares of the company’s stock worth $3,196,000 after purchasing an additional 337,070 shares during the period. Marshall Wace LLP acquired a new stake in shares of Bitcoin Depot in the 2nd quarter valued at about $4,097,000. Lazard Asset Management LLC acquired a new position in shares of Bitcoin Depot during the second quarter worth about $1,149,000. Finally, Geode Capital Management LLC grew its stake in shares of Bitcoin Depot by 35.9% during the 2nd quarter. Geode Capital Management LLC now owns 171,606 shares of the company’s stock worth $870,000 after acquiring an additional 45,300 shares in the last quarter. Institutional investors and hedge funds own 9.18% of the company’s stock.

Wall Street Analysts Forecast Growth

BTM has been the topic of several analyst reports. Zacks Research lowered Bitcoin Depot from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. HC Wainwright lifted their price objective on Bitcoin Depot from $5.00 to $6.50 and gave the company a “buy” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Bitcoin Depot in a research report on Wednesday, October 8th. Finally, B. Riley boosted their price target on shares of Bitcoin Depot from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.83.

Bitcoin Depot Company Profile

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.