{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-059106","form_type":"8-K","ticker":"BTM","cik":"0001901799","company_name":"Bitcoin Depot Inc.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.152777+00:00","generated_at":"2026-06-02T01:22:53.299113+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bitcoin Depot Q1 revenue $138.5M (-15% YoY), net loss $4.2M vs net income $6.1M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-059106","json":"https://secwatch.observer/filing/0000950170-24-059106.json","markdown":"https://secwatch.observer/filing/0000950170-24-059106.md","text":"https://secwatch.observer/filing/0000950170-24-059106.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1901799/000095017024059106/0000950170-24-059106-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1901799/000095017024059106/btm-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:22:53.299113+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"685a2070268b4592d4313e734f96fe731e4d3689","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1901799/000095017024059106/0000950170-24-059106-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"Revenue in the first quarter of 2024 was $138.5 million"},{"label":"Net income","value":"Net loss for the first quarter of 2024 was $4.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}