---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-040778"
form_type: "8-K"
ticker: "BTM"
cik: "0001901799"
company_name: "Bitcoin Depot Inc."
filed_at: "2025-03-18T23:59:59+00:00"
generated_at: "2026-05-24T14:39:55.471043+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bitcoin Depot Q4 net income swings to $5.4M; adjusted EBITDA up 34% to $12.0M

## Summary
- Q4 revenue $136.8M (-8% YoY); net income $5.4M vs net loss $1.7M in Q4 2023.
- Adjusted gross profit $25.4M (+18% YoY); margin 18.6% vs 14.5% (up 400 bps).
- Total operating expenses down 16% to $15.0M due to lower non-recurring public company costs.
- CEO reintroduces Q1 2025 guidance projecting robust growth; mentions potential cash dividend; BTC treasury at 94 BTC.

## SEC filing metadata
- accession: 0000950170-25-040778
- form_type: 8-K
- ticker: BTM
- cik: 0001901799
- company_name: Bitcoin Depot Inc.
- filed_at: 2025-03-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901799/000095017025040778/0000950170-25-040778-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901799/000095017025040778/btm-20250318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-040778
- JSON: https://secwatch.observer/filing/0000950170-25-040778.json
- Plain text: https://secwatch.observer/filing/0000950170-25-040778.txt

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