---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-107410"
form_type: "8-K"
ticker: "BTM"
cik: "0001901799"
company_name: "Bitcoin Depot Inc."
filed_at: "2026-03-16T23:59:59+00:00"
generated_at: "2026-05-15T11:57:32.977288+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bitcoin Depot FY2025 rev $615M (+7% YoY), net income $5.1M; Q4 revenue down 15% YoY; acquires Kutt

## Summary
- Full year 2025 revenue $614.9M, +7% YoY; net income $5.1M vs $7.8M in 2024; adjusted EBITDA $56.4M, +42% YoY.
- Q4 2025 revenue $116.0M, down from $136.8M Q4 2024; gross profit margin 13.2% vs 17.2%.
- Adjusted gross profit Q4 was $17.3M vs $25.4M a year ago; adjusted gross margin 14.9% vs 18.6%.
- CEO cites state regulations (transaction size caps) and compliance enhancements as Q4 headwinds.
- Post-year-end acquisition of Kutt, a peer-to-peer social betting platform, for undisclosed amount.

## SEC filing metadata
- accession: 0001193125-26-107410
- form_type: 8-K
- ticker: BTM
- cik: 0001901799
- company_name: Bitcoin Depot Inc.
- filed_at: 2026-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1901799/000119312526107410/0001193125-26-107410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901799/000119312526107410/btm-20260316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-107410
- JSON: https://secwatch.observer/filing/0001193125-26-107410.json
- Plain text: https://secwatch.observer/filing/0001193125-26-107410.txt

## Key facts
- Earnings Releases
  Bitcoin Depot Inc. reported financial results for fourth quarter and full year ended December 31, 2025.
  - Period: fourth quarter and full year ended December 31, 2025
  - Result: reported results
  source text: On May 16, 2026, Bitcoin Depot Inc. (the “Company”) issued a press release announcing its financial and operational results for the quarter ended December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901799/000119312526107410/0001193125-26-107410-index.htm

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