
• Reported GAAP EPS of -$3.40 down -131.29% YoY • Reported revenue of $116.03M down -15.20% YoY • Bitcoin Depot expects its core business revenue in 2026 to be down in the range of 30% to 40%, reflecting uncertainty from the dynamic regulatory environment and enhanced compliance standards.
Bullish
Bitcoin Depot achieved strong full year 2025 growth in revenue, gross profit, and Adjusted EBITDA, while increasing cash to $76.6M. The company also diversified strategically with the Kutt acquisition.
Bearish
Bitcoin Depot faced a Q4 2025 revenue decline to $116M and a net loss of $24.9M due to regulations and an arbitration liability, with 2026 core revenue expected to decrease 30% to 40%.