---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-072779"
form_type: "8-K"
ticker: "BTM"
cik: "0001901799"
company_name: "Bitcoin Depot Inc."
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T05:53:35.923846+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bitcoin Depot Q1 revenue $164.2M (+19% YoY); announces Up-C restructuring to simplify structure

## Summary
- Q1 net income $12.2M vs net loss $4.2M YoY; diluted EPS $0.20 vs ($0.25).
- Adjusted EBITDA $20.3M (+315% YoY); cash from operations $16.3M.
- Adjusted gross margin 20.2% (+770 bps YoY) on kiosk optimization.
- Up-C Restructuring: CEO Mintz receives 41.2M Class M shares (10 votes each); TRA terminated for $8.4M.
- Company expects long-term cash/tax savings and simpler structure post-merger.

## SEC filing metadata
- accession: 0000950170-25-072779
- form_type: 8-K
- ticker: BTM
- cik: 0001901799
- company_name: Bitcoin Depot Inc.
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901799/000095017025072779/0000950170-25-072779-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901799/000095017025072779/btm-20250515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-072779
- JSON: https://secwatch.observer/filing/0000950170-25-072779.json
- Plain text: https://secwatch.observer/filing/0000950170-25-072779.txt

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