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Bitcoin Depot (BTM)
NASDAQ:BTM
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Earnings Data
Report Date
Mar 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.02Last Year’s EPS
-$0.07Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -31.08%
|Next Earnings Date:Mar 31, 2025
Earnings Call Sentiment|Neutral
While Bitcoin Depot has faced significant regulatory challenges leading to a decline in revenue and adjusted EBITDA, the company has made notable progress in expanding its kiosk network, forming new partnerships, and planning for international growth. The increase in GAAP net income and potential introduction of a cash dividend highlight positive financial strategies moving forward.Company Guidance
During the third quarter of 2024 earnings call, Bitcoin Depot provided several key metrics and insights into their business performance and future plans. The company reported a 25% year-over-year decline in revenue to $135.3 million, largely due to regulatory challenges in states such as California, Vermont, Connecticut, and Minnesota. Despite this, the company achieved an adjusted gross margin increase of 160 basis points to 16.6% and a GAAP net income growth of 116% to $2.3 million. Bitcoin Depot ended the quarter with approximately 8,300 active kiosks, surpassing their goals, and generated $17.25 million in operating cash flow for the first nine months of the year. They also highlighted their strategic growth plans, including international expansion with over 300 kiosks shipped for an anticipated launch in Australia. Additionally, Bitcoin Depot is considering a cash dividend in 2025 after paying down remaining preferred dividends, which would make them potentially the first in the cryptocurrency services industry to offer such a dividend.Expansion of Kiosk Network
Bitcoin Depot expanded its kiosk network to approximately 8,300 active machines, surpassing its goals and reflecting the team's execution and vision to enhance Bitcoin's accessibility.
New Retail Partnership
Signed a retail partnership with a prominent convenience store chain in the Southwestern U.S. to install Bitcoin ATMs in roughly 50 locations, enhancing customer access to Bitcoin.
Profit Share Program Growth
Expanded the profit share program with an additional 433 Bitcoin ATMs, totaling over 1,000 ATMs in the program.
International Expansion Plans
Plans to expand into Australia with over 300 kiosks shipped, anticipating regulatory approval to commence operations in 2025.
Increased GAAP Net Income
GAAP net income for Q3 2024 increased by 116% to $2.3 million compared to $1.1 million in Q3 2023.
Potential Dividend Introduction
Exploring the introduction of a cash dividend in 2025, potentially making Bitcoin Depot the first cryptocurrency service company to offer a dividend.
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BTM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BTM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $2.51 | $2.48 | -1.20% |
| Aug 13, 2024 | $1.65 | $1.57 | -4.85% |
| May 14, 2024 | $1.98 | $1.86 | -6.06% |
| Mar 25, 2024 | $2.68 | $2.22 | -17.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bitcoin Depot (BTM) report earnings?
Bitcoin Depot (BTM) is schdueled to report earning on Mar 31, 2025, TBA Not Confirmed.
What is Bitcoin Depot (BTM) earnings time?
Bitcoin Depot (BTM) earnings time is at Mar 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BTM EPS forecast?
BTM EPS forecast for the fiscal quarter 2024 (Q4) is -$0.02.
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