Thu, May 15, 1:09 PM (40 days ago)
**Bitcoin Depot Inc. (BTM) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $164.2 million, up 18.5% YoY. - **Net Income:** $12.2 million, a significant improvement from a loss of $4.2 million in Q1 2024. - **Earnings per Share (EPS):** $0.20, compared to a loss of $0.25 in Q1 2024. - **Cash Flow from Operations:** $16.3 million, indicating strong operational efficiency. **Profit Margins:** - **Gross Profit Margin:** 19.0%. - **Adjusted Gross Profit Margin:** 20.2%. - **Adjusted EBITDA Margin:** 12.4%. **Cash Flow:** - **Operating Cash Flow:** $16.3 million, a substantial increase from $1.3 million in Q1 2024. - **Investing Cash Flow:** -$8.2 million, primarily due to Bitcoin investments. - **Financing Cash Flow:** -$2.5 million, mainly from principal payments on notes payable. **Earnings Changes:** - **Revenue Growth:** Driven by increased kiosk transaction volume and higher median transaction sizes. - **Cost of Revenue:** Increased by 8.1%, mainly due to higher transaction volumes. - **Operating Expenses:** Decreased by 7.3%, with lower share-based compensation and depreciation/amortization. **Quarterly Performance Discussion:** - **Revenue Growth:** Attributed to an increase in kiosk transaction volume and higher median transaction sizes. - **Cost Management:** Effective cost control measures led to a decrease in operating expenses. - **Profitability:** Significant improvement in net income and EPS, reflecting better operational efficiency. **Trends and Uncertainties:** - **Regulatory Environment:** Operating in a rapidly evolving regulatory landscape with heightened focus on anti-money laundering, cybersecurity, and consumer protection. - **Market Risks:** Exposure to foreign currency exchange rates and interest rates. - **Legal Proceedings:** Ongoing litigation that could impact financial condition and results of operations. **Future Operations Impact:** - **Growth Strategies:** Focus on expanding kiosk network, enhancing BDCheckout offerings, and improving mobile app features. - **Capital Requirements:** May seek additional equity or debt financing to support growth and expansion. - **Liquidity:** Existing cash and cash equivalents, along with operational cash flow, are sufficient to meet needs for at least the next 12 months. **Ticker:** BTM