Bitcoin Depot Full Year 2024 Earnings: US$0.58 loss per share (vs US$1.57 loss in FY 2023)

Simply Wall St.03-24

Bitcoin Depot (NASDAQ:BTM) Full Year 2024 Results

Key Financial Results

Revenue: US$573.7m (down 17% from FY 2023).
Net loss: US$11.7m (loss narrowed by 55% from FY 2023).
US$0.58 loss per share (improved from US$1.57 loss in FY 2023).

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NasdaqCM:BTM Revenue and Expenses Breakdown March 24th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bitcoin Depot Earnings Insights

In the last 12 months, the only revenue segment was Data Processing contributing US$573.7m. Notably, cost of sales worth US$482.3m amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$57.2m (55% of total expenses). Explore how BTM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 2.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Bitcoin Depot (1 is concerning!) that you need to take into consideration.

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