secwatch.observer — SEC 8-K summary
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Issuer:     Bitcoin Depot Inc. (BTM)
CIK:        0001901799
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0000950170-24-095770
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901799/000095017024095770/0000950170-24-095770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901799/000095017024095770/btm-20240814.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-095770

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer