---
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"
generated_at: "2026-06-02T01:22:53.299113+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-059106
- JSON: https://secwatch.observer/filing/0000950170-24-059106.json
- Plain text: https://secwatch.observer/filing/0000950170-24-059106.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1901799/000095017024059106/0000950170-24-059106-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.