Bitcoin Depot Q2 revenue $172.1M (+6% YoY); net income surges 183% to $12.3M

Bitcoin Depot Inc.

2025-Q2 EPS reported $0.35 revenue$336,334,000

Revenue $172.1M (+6% YoY); net income $12.3M (+183% YoY) from $4.4M.
Net income per share $0.16 vs loss ($0.13) last year; adjusted EBITDA $18.5M (+46% YoY).
Gross profit margin expanded 360 bps to 17.9% on higher volumes and cost discipline.
Eliminated former UP-C structure; holds ~$60M in cash and digital assets; added Bitcoin to treasury.
Total operating expenses declined 9% YoY to $17.0M due to lower depreciation and SBC.

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