secwatch.observer — SEC 8-K summary
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Issuer:     Bitcoin Depot Inc. (BTM)
CIK:        0001901799
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001193125-26-107410
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901799/000119312526107410/0001193125-26-107410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901799/000119312526107410/btm-20260316.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-107410

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer