NASDAQ$BTM
Bitcoin Depot Inc · Q2 2025 earnings
Q2 2025 earnings · · Before market open
Briefing
Bitcoin Depot delivered strong revenue and profit growth in Q2 2025, with net income more than tripling year-over-year amid kiosk expansion and margin improvements.
Bitcoin Depot posted Q2 2025 revenue of $172.1 million, up 6% YoY, driven by expanded kiosk deployment and higher transaction sizes. Net income surged 183% to $12.3 million, while adjusted EBITDA increased 46% to $18.5 million. The company ended the quarter with nearly $60 million in cash and crypto holdings, signaling financial strength and readiness for further expansion.
- Revenue increased to $172.1 million, up 6% YoY
- Net income surged 183% YoY to $12.3 million
- Gross profit rose 32% to $30.9 million with margin expanding to 17.9%
- Ended Q2 with $59.6 million in cash and cryptocurrency holdings
Headline financials
Revenue & EPS history
Bitcoin Depot Inc · Revenue · Quarterly
$172M
Forward guidance
Bitcoin Depot expects continued growth in Q3 2025, projecting high-single-digit revenue growth and 20–30% YoY growth in adjusted EBITDA, supported by kiosk expansion and cost discipline.
Tailwinds
- High-single-digit revenue growth expected for Q3 2025
- Adjusted EBITDA projected to grow 20–30% YoY in Q3
- Improved profitability from margin expansion and cost control
- Cash and crypto holdings reached nearly $60 million
- Corporate structure simplified to enhance transparency
Headwinds
- Interest expense remains elevated at $4.7 million
- Ongoing cost pressures from kiosk operations and logistics
- Share-based compensation still impacts net income
- Cash paid for Up-C restructuring lowered cash from financing
- Lower YoY crypto gain compared to mark-to-market expectations
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 9 quarterly earnings reports · overlaid with Q2 2025
-3.1%
Avg return
Earnings day
-3.6%
Avg return
5 days after
+19.6%
Avg return
30 days after
44%
4 / 9 earnings
Positive
+22.9%
Q1 2025
Best reaction
-20.0%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -8.0% | -28.8% | -5.0% | |
| Q3 2025 | -17.5% | -26.7% | -43.4% | |
| Q2 2025 | -12.4% | -15.6% | -21.8% | |
| Q1 2025 | +22.9% | +72.9% | +265.9% | |
| Q3 2024 | -2.0% | -17.7% | -21.4% | |
| Q2 2024 | +7.1% | +14.1% | +3.8% | |
| Q1 2024 | +1.6% | +1.6% | -0.5% | |
| Q3 2023 | +0.6% | -13.5% | +0.2% | |
| Q2 2023 | -20.0% | -18.6% | -1.2% |
Discussion
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