---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-125957"
form_type: "8-K"
ticker: "BTM"
cik: "0001901799"
company_name: "Bitcoin Depot Inc."
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T01:10:03.985148+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bitcoin Depot Q3 revenue $135.3M (-25% YoY); net income up 116% to $2.3M

## Summary
- Revenue $135.3M vs $179.5M in Q3 2023, down 25% due to California legislation and kiosk relocation.
- Net income $2.3M, up 116% from $1.1M; operating expenses down 13% to $16.9M.
- Adjusted gross profit $22.4M (-17% YoY); adjusted gross margin improved 160 bps to 16.6%.
- Ended Q3 with 8,300 Bitcoin ATMs, surpassing internal goals; plans to begin cash dividend in 2025.
- California legislation effective Jan 2024 contributed to revenue decline; kiosk relocation strategy ongoing.

## SEC filing metadata
- accession: 0000950170-24-125957
- form_type: 8-K
- ticker: BTM
- cik: 0001901799
- company_name: Bitcoin Depot Inc.
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1901799/000095017024125957/0000950170-24-125957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901799/000095017024125957/btm-20241113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-125957
- JSON: https://secwatch.observer/filing/0000950170-24-125957.json
- Plain text: https://secwatch.observer/filing/0000950170-24-125957.txt

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