Bitcoin Depot Q1 revenue $138.5M (-15% YoY), net loss $4.2M vs net income $6.1M

Bitcoin Depot Inc.

2024-Q1 EPS reported -$0.25 revenue$138,539,000

Revenue $138.5M, down 15% YoY; gross profit $14.4M (10.4% margin vs 11.9%).
Net loss $4.2M vs net income $6.1M in Q1 2023; Adjusted EBITDA $4.9M vs $13.6M.
Operating expenses rose to $16.6M from $13.6M YoY.
Signed 2,000+ new retail locations; committed to acquire ~3,200 kiosks YTD; target 8,000 by end-2024.
Expanding into Puerto Rico and Australia for non-North American presence.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bitcoin Depot Inc. reported first quarter ended March 31, 2024 results: revenue Revenue in the first quarter of 2024 was $138.5 million, net income Net loss for the first quarter of 2024 was $4.2 million.

Period: first quarter ended March 31, 2024
Revenue: Revenue in the first quarter of 2024 was $138.5 million
Net income: Net loss for the first quarter of 2024 was $4.2 million
Result: reported results

Exact text from the filing

Revenue in the first quarter of 2024 was $138.5 million, down 15% from $163.6 million in the first quarter of 2023. Gross Profit in the first quarter of 2024 was $14.4 million, down 26% from $19.5 million for the first quarter of 2023. Gross Profit margin in the first quarter of 2024 was 10.4% compared to 11.9% in the first quarter of 2023. Total operating expenses were $16.6 million for the first quarter of 2024, compared to $13.6 million for the first quarter of 2023. Net loss for the first quarter of 2024 was $4.2 million, compared to net income of $6.1 million for the first quarter of 2023. Adjusted EBITDA, a non-GAAP measure, in the first quarter of 2024 was $4.9 million, compared to Adjusted EBITDA of $13.6 million for the first quarter of 2023.

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

Bitcoin Depot Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-059106

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.