---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-095770"
form_type: "8-K"
ticker: "BTM"
cik: "0001901799"
company_name: "Bitcoin Depot Inc."
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:51:26.301521+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bitcoin Depot Q2 net income $4.4M vs loss YoY; revenue $163.1M down 17% YoY but up 18% QoQ

## Summary
- Revenue $163.1M, down 17% YoY but up 18% QoQ from Q1 2024; operating expenses fell to $18.8M.
- Net income $4.4M vs net loss of $4.0M in Q2 2023; improved 203% sequentially from Q1 loss of $4.2M.
- Adjusted gross profit margin expanded 90 bps to 16.2% (non-GAAP) vs 15.3% YoY; adjusted gross profit $26.4M.
- Exceeded target of over 8,000 active Bitcoin ATMs five months ahead of schedule.
- Generated $10.1M in operational cash flow during Q2 2024.

## SEC filing metadata
- accession: 0000950170-24-095770
- form_type: 8-K
- ticker: BTM
- cik: 0001901799
- company_name: Bitcoin Depot Inc.
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901799/000095017024095770/0000950170-24-095770-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901799/000095017024095770/btm-20240814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-095770
- JSON: https://secwatch.observer/filing/0000950170-24-095770.json
- Plain text: https://secwatch.observer/filing/0000950170-24-095770.txt

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