---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-106931"
form_type: "8-K"
ticker: "BTM"
cik: "0001901799"
company_name: "Bitcoin Depot Inc."
filed_at: "2025-08-12T23:59:59+00:00"
generated_at: "2026-05-17T14:54:04.109524+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-106931
- form_type: 8-K
- ticker: BTM
- cik: 0001901799
- company_name: Bitcoin Depot Inc.
- filed_at: 2025-08-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901799/000095017025106931/0000950170-25-106931-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901799/000095017025106931/btm-20250812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-106931
- JSON: https://secwatch.observer/filing/0000950170-25-106931.json
- Plain text: https://secwatch.observer/filing/0000950170-25-106931.txt

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