Bitcoin Depot Reports Strong 2025 Performance, Adapts to Evolving Regulations
ATLANTA, March 16, 2026 – Bitcoin Depot (Nasdaq: BTM), a leading U.S.-based Bitcoin ATM (BTM) operator and fintech company, today announced its financial results for the fourth quarter and full year ended December 31, 2025. Despite facing new regulatory hurdles, the company demonstrated resilience and strategic growth.
Key Financial Highlights for 2025
- Revenue: Increased 7% year-over-year to $614.9 million.
- Net Income: $5.1 million, compared to $7.8 million in 2024.
- Gross Profit: Up 30% year-over-year to $105.6 million.
- Adjusted EBITDA: Increased 42% year-over-year to $56.4 million.
Bitcoin Depot will host a conference call and webcast at 10:00 a.m. ET today. Details and access to the presentation can be found at ir.bitcoindepot.com.
Navigating Regulatory Changes and Compliance
According to Scott Buchanan, CEO of Bitcoin Depot, 2025 was a strong year for the company, marked by growth in key operating and financial metrics. While fourth-quarter results saw a year-over-year decline, this was largely attributed to recently implemented state regulations introducing transaction size caps and enhanced compliance standards. “We view both developments as constructive for the long-term health, credibility, and sustainability of the industry,” Buchanan stated.
As the largest and most compliant crypto ATM operator in North America, Bitcoin Depot is well-positioned to navigate the evolving regulatory landscape and capitalize on market maturation. The company’s commitment to compliance is a key differentiator in a rapidly changing industry. For more information on cryptocurrency regulations, see the CoinDesk guide to crypto regulation.
Strategic Acquisition of Kutt
Post-year-end, Bitcoin Depot strengthened its growth profile by acquiring Kutt, a peer-to-peer social betting platform. This acquisition represents the company’s first foray into the P2P social betting market and aligns with its broader strategy to diversify beyond its core Bitcoin ATM business, leveraging its existing payments infrastructure and compliance expertise.
Fourth Quarter 2025 Financial Performance
- Revenue: $116.0 million, down from $136.8 million in Q4 2024.
- Gross Profit: $15.3 million, compared to $23.5 million in Q4 2024.
- Adjusted EBITDA: $1.6 million, down from $13.0 million in Q4 2024.
2026 Outlook
The Company anticipates a revenue decrease in the range of 30% to 40% for its core business in 2026, reflecting the uncertainty surrounding the regulatory environment and enhanced compliance standards. However, the company remains confident that these measures will reinforce the integrity and long-term sustainability of its business.
Conference Call Details
Date: Monday, March 16, 2026
Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)
U.S. and Canada (toll-free): 888-596-4144
U.S. (toll): 646-968-2525
Conference ID: 8347121
Webcast Link: https://edge.media-server.com/mmc/p/ajn5q2kf/
About Bitcoin Depot
Founded in 2016, Bitcoin Depot aims to connect individuals who prefer cash transactions to the digital financial system. The company offers a simple and efficient way to convert cash into Bitcoin, enabling users to participate in the payments, spending, and investment space. With over 9,000 kiosk locations globally as of August 2025, Bitcoin Depot holds the largest market share in North America. Learn more at www.bitcoindepot.com.
