Bitcoin Depot (NASDAQ:BTM) Issues Earnings Results

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

Bitcoin Depot Stock Down 18.9%

Shares of NASDAQ:BTM traded down $0.48 during mid-day trading on Thursday, reaching $2.04. 3,686,956 shares of the stock were exchanged, compared to its average volume of 1,128,445. The stock’s 50 day simple moving average is $3.23 and its 200-day simple moving average is $3.92. Bitcoin Depot has a one year low of $0.93 and a one year high of $6.88. The company has a market cap of $138.54 million, a P/E ratio of 20.35 and a beta of 0.79. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 12.34.

Insiders Place Their Bets

In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was 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. The trade was a 4.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 21,000 shares of company stock valued at $70,280 in the last ninety days. 70.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bitcoin Depot

Several hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new stake in Bitcoin Depot during the second quarter worth $4,097,000. Vanguard Group Inc. raised its holdings in shares of Bitcoin Depot by 54.9% during the 3rd quarter. Vanguard Group Inc. now owns 951,318 shares of the company’s stock worth $3,196,000 after buying an additional 337,070 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Bitcoin Depot during the 2nd quarter worth $1,149,000. Geode Capital Management LLC boosted its stake in Bitcoin Depot by 35.9% in the second quarter. Geode Capital Management LLC now owns 171,606 shares of the company’s stock valued at $870,000 after buying an additional 45,300 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Bitcoin Depot by 591,055.6% in the second quarter. JPMorgan Chase & Co. now owns 159,612 shares of the company’s stock valued at $809,000 after acquiring an additional 159,585 shares during the last quarter. Institutional investors and hedge funds own 9.18% of the company’s stock.

Wall Street Analyst Weigh In

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