📊 BTMWW Key Takeaways
Investment Thesis
Bitcoin Depot faces significant profitability challenges with negative net income (-1.0% margin) and severely negative returns on equity (-54.1%) despite generating substantial revenue and positive operating cash flow. The company carries excessive debt (5.30x debt-to-equity) relative to its thin equity base ($11.4M), creating substantial financial leverage risk and limiting operational flexibility.
BTMWW Strengths
- Strong revenue base of $614.9M with positive operating income of $41.2M (6.7% margin)
- Healthy free cash flow generation of $28.5M, exceeding capital requirements significantly
- Adequate liquidity with $65.6M cash and 1.26x current ratio providing near-term solvency
- Improving diluted EPS trend (+79.6% YoY recovery despite negative absolute values)
BTMWW Risks
- Unprofitable at net income level with -$6.2M loss and -1.0% net margin, indicating operational inefficiency despite revenue scale
- Dangerously high leverage with 5.30x debt-to-equity ratio and $60.5M long-term debt against only $11.4M equity base creates distress risk
- Severely negative returns on equity (-54.1%) and assets (-4.7%) demonstrate capital destruction and poor asset utilization efficiency
- Zero revenue growth (0.0% YoY) combined with profitability losses suggests market saturation or operational headwinds in core business
Key Metrics to Watch
- Path to net profitability and net margin trend reversal
- Debt reduction progress and debt-to-equity ratio improvement below 3.0x
- Revenue growth acceleration above 0% YoY to demonstrate business expansion
- Operating margin sustainability and expansion as leverage to improve net income
- Free cash flow conversion to debt repayment and equity strengthening
BTMWW Financial Metrics
💡 AI Analyst Insight
The relatively thin 4.6% FCF margin may limit capital allocation flexibility.
BTMWW Profitability Ratios
BTMWW vs Finance Sector
How Bitcoin Depot Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BTMWW Balance Sheet & Liquidity
BTMWW 5-Year Financial Trend
5-Year Trend Summary: Bitcoin Depot Inc.'s revenue has declined by 11% over the 5-year period, indicating business contraction. The most recent EPS of $-4.21 indicates the company is currently unprofitable.
BTMWW Growth Metrics (YoY)
BTMWW Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $135.3M | -$939.0K | $-0.05 |
| Q2 2025 | $163.1M | -$2.6M | $-0.13 |
| Q1 2025 | $138.5M | -$1.5M | $0.20 |
| Q3 2024 | $135.3M | -$939.0K | $-0.05 |
| Q2 2024 | $163.1M | -$2.6M | $-0.13 |
| Q1 2024 | $138.5M | N/A | $-0.25 |
| Q3 2023 | $174.8M | N/A | $-0.43 |
| Q2 2023 | $167.9M | N/A | $-0.64 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BTMWW Capital Allocation
BTMWW SEC Filings
Access official SEC EDGAR filings for Bitcoin Depot Inc. (CIK: 0001901799)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BTMWW
What is the AI rating for BTMWW?
Bitcoin Depot Inc. (BTMWW) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BTMWW's key strengths?
Strong revenue base of $614.9M with positive operating income of $41.2M (6.7% margin). Healthy free cash flow generation of $28.5M, exceeding capital requirements significantly.
What are the risks of investing in BTMWW?
Unprofitable at net income level with -$6.2M loss and -1.0% net margin, indicating operational inefficiency despite revenue scale. Dangerously high leverage with 5.30x debt-to-equity ratio and $60.5M long-term debt against only $11.4M equity base creates distress risk.
What is BTMWW's revenue and growth?
Bitcoin Depot Inc. reported revenue of $614.9M.
Does BTMWW pay dividends?
Bitcoin Depot Inc. pays dividends, with $10.1M distributed to shareholders in the trailing twelve months.
Where can I find BTMWW SEC filings?
Official SEC filings for Bitcoin Depot Inc. (CIK: 0001901799) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BTMWW's EPS?
Bitcoin Depot Inc. has a diluted EPS of $-0.86.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.