Bitcoin Depot Inc. (BTM) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Bitcoin Depot Inc. (BTM) trades at $0.4919 with AI Score 44/100 (Grade C). Bitcoin Depot Inc. Market cap: $1.89M, Sector: Financial services.
Price as of Jul 24, 2026 · Last analyzed: May 10, 2026Analyst Coverage for BTM: BTM does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BTM against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
BTM: the 3 scored disciplines are evenly split. Dominant signal: Seth Klarman bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Bitcoin Depot Inc. (BTM) Financial Services Profile
Bitcoin Depot Inc. operates a network of cryptocurrency kiosks in North America, providing accessible avenues for buying and selling Bitcoin, Litecoin, and Ethereum. The company differentiates itself through its BDCheckout retail partnerships and online over-the-counter trading, positioning itself within the evolving digital asset landscape.
What Is the Investment Thesis for BTM?
Bitcoin Depot Inc. presents a compelling, albeit speculative, investment case centered on the increasing adoption of cryptocurrencies and the demand for convenient access points. The company's extensive kiosk network and retail partnerships provide a tangible advantage in reaching a broad customer base. Key value drivers include transaction fees generated from cryptocurrency purchases and sales, as well as revenue from its BDCheckout and OTC trading platforms. However, the company's negative profit margin of -1.0% raises concerns about profitability and operational efficiency. Growth catalysts include expansion into new geographic markets and the introduction of new cryptocurrency offerings. The company's beta of 1.25 suggests higher volatility compared to the broader market. Investors should closely monitor regulatory developments and competitive pressures within the cryptocurrency kiosk market. The company's small market capitalization of $1.89M also introduces liquidity risks.
Based on FMP financials and quantitative analysis
BTM Key Highlights
- Operates a network of cryptocurrency kiosks across North America, providing convenient access to digital assets.
- Offers BDCheckout, enabling cryptocurrency sales at retail locations, expanding accessibility.
- Engages in over-the-counter (OTC) cryptocurrency trading through its website, catering to diverse customer needs.
- Gross margin of 18.4% indicates potential for improvement in operational efficiency.
- Market capitalization of $1.89M reflects the company's small size and potential for growth, but also introduces liquidity risks.
Who Are BTM's Competitors?
BTM is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| COIN Coinbase Global, Inc. | $158.40 | -1.71% | $41.7B | 37 |
| SQ Block, Inc. | $83.46 | +0.57% | $51.7B | 50 |
| CBTTF Cathedra Bitcoin Inc. | $0.46 | +25.16% | $13.4M | 56 |
| FDCT FDCTech, Inc. | $3.85 | +0.00% | $16.3M | 61 |
| BBKCF BIGG Digital Assets Inc. | $0.05 | +9.60% | $16.6M | 62 |
| COHN Cohen & Company Inc. | $13.46 | -0.07% | $28.2M | 57 |
| GSIW Garden Stage Limited provides financial services in Hong Kong, including securities dealing and brokerage, underwriting and placing, and asset management. The company | $27.90 | +16.25% | $39.4M | 61 |
| WDBG Woodbrook Group Holdings Inc. | $0.50 | +0.00% | 57 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BTM's Key Strengths?
- Extensive network of cryptocurrency kiosks.
- BDCheckout retail partnerships.
- Convenient access to digital assets.
- Established brand recognition.
What Are BTM's Weaknesses?
- Negative profit margin.
- Small market capitalization.
- High beta indicating volatility.
- Dependence on cryptocurrency adoption.
What Could Drive BTM Stock Higher?
- Potential regulatory clarity regarding cryptocurrency kiosks could boost investor confidence.
- Increasing adoption of cryptocurrencies driving demand for convenient access points.
- Expansion of the kiosk network into new geographic markets.
What Are the Key Risks for BTM?
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Rich valuation — a P/E of 34.0 runs well above the Financial Services sector’s ~18x, leaving little room for a miss.
- Regulatory uncertainty and potential for stricter regulations.
- Cryptocurrency price volatility impacting transaction volume and revenue.
- Intense competition from other kiosk operators and cryptocurrency exchanges.
- Security risks associated with cryptocurrency transactions and storage.
What Are the Growth Opportunities for BTM?
- Geographic Expansion: Expanding the kiosk network into new geographic markets represents a significant growth opportunity for Bitcoin Depot Inc. The company can target regions with high cryptocurrency adoption rates and limited access to traditional financial services. Market research is needed to identify optimal locations and assess regulatory requirements. A successful expansion strategy could significantly increase transaction volume and revenue. The timeline for expansion depends on capital availability and regulatory approvals.
- New Cryptocurrency Offerings: Introducing new cryptocurrency offerings beyond Bitcoin, Litecoin, and Ethereum can attract a broader customer base and increase transaction volume. The company can evaluate the demand for emerging cryptocurrencies and integrate them into its kiosk network and online platform. This requires technical expertise and security measures to ensure the safety of customer funds. The timeline for implementation depends on the complexity of the integration process and regulatory considerations.
- Partnerships and Integrations: Forming strategic partnerships with retailers, financial institutions, and technology providers can enhance Bitcoin Depot Inc.'s reach and capabilities. Collaborating with retailers can expand the BDCheckout network and increase brand awareness. Integrating with financial institutions can provide access to new customer segments and streamline payment processing. The timeline for establishing partnerships depends on negotiation and integration efforts.
- Enhanced User Experience: Improving the user experience of the kiosk network and online platform can increase customer satisfaction and loyalty. This includes simplifying the transaction process, providing educational resources, and offering personalized support. Investing in user interface design and customer service can differentiate Bitcoin Depot Inc. from its competitors. The timeline for implementation depends on the scope of the improvements and available resources.
- Regulatory Compliance: Proactively addressing regulatory requirements and implementing robust compliance measures can enhance Bitcoin Depot Inc.'s credibility and mitigate legal risks. This includes complying with anti-money laundering (AML) regulations, know-your-customer (KYC) requirements, and data privacy laws. Investing in compliance infrastructure and training can ensure the company's long-term sustainability. The timeline for implementation depends on the evolving regulatory landscape and the complexity of the compliance requirements.
What Opportunities Does BTM Have?
- Geographic expansion.
- New cryptocurrency offerings.
- Strategic partnerships.
- Enhanced user experience.
What Threats Does BTM Face?
- Regulatory uncertainty.
- Intense competition.
- Cryptocurrency price volatility.
- Security risks.
What Are BTM's Competitive Advantages?
- Extensive network of cryptocurrency kiosks across North America provides a physical presence and brand recognition.
- BDCheckout retail partnerships expand accessibility and convenience for customers.
- First-mover advantage in establishing a widespread kiosk network.
- Proprietary technology and infrastructure for managing cryptocurrency transactions.
What Does BTM Do?
Founded in 2016 and headquartered in Atlanta, Georgia, Bitcoin Depot Inc. has established itself as a key player in the cryptocurrency kiosk market across North America. The company's core business revolves around its network of kiosks that allow users to conveniently buy and sell various cryptocurrencies, including Bitcoin, Litecoin, and Ethereum. This network provides a physical on-ramp for individuals looking to participate in the digital asset market. Beyond its kiosk network, Bitcoin Depot Inc. extends its reach through its BDCheckout product, enabling cryptocurrency sales at a network of retail locations. This expands accessibility and convenience for customers. Furthermore, the company engages in over-the-counter (OTC) cryptocurrency trading through its website, catering to a broader range of customers with varying transaction sizes and preferences. As a subsidiary of BT Assets, Inc., Bitcoin Depot Inc. continues to evolve its offerings to meet the growing demand for accessible and user-friendly cryptocurrency solutions.
What Products and Services Does BTM Offer?
- Operates a network of cryptocurrency kiosks in North America.
- Allows users to buy and sell Bitcoin, Litecoin, and Ethereum.
- Provides a physical on-ramp for individuals to participate in the digital asset market.
- Offers BDCheckout, enabling cryptocurrency sales at retail locations.
- Engages in over-the-counter (OTC) cryptocurrency trading through its website.
- Facilitates convenient access to digital assets for a broad customer base.
How Does BTM Make Money?
- Generates revenue from transaction fees on cryptocurrency purchases and sales at its kiosks.
- Earns revenue from cryptocurrency sales through its BDCheckout retail partnerships.
- Derives revenue from over-the-counter (OTC) cryptocurrency trading on its website.
What Industry Does BTM Operate In?
Bitcoin Depot Inc. operates within the rapidly evolving cryptocurrency market, which is characterized by increasing adoption, regulatory uncertainty, and intense competition. The demand for convenient access to cryptocurrencies is driving the growth of cryptocurrency kiosks and retail partnerships. The industry faces ongoing challenges related to regulatory compliance, security, and price volatility. Bitcoin Depot Inc. competes with other kiosk operators, cryptocurrency exchanges, and traditional financial institutions offering digital asset services. The company's success depends on its ability to differentiate itself through its kiosk network, retail partnerships, and customer service.
Who Are BTM's Key Customers?
- Individuals seeking to buy and sell Bitcoin, Litecoin, and Ethereum.
- Customers who prefer the convenience of physical kiosks for cryptocurrency transactions.
- Users who value the accessibility of cryptocurrency purchases at retail locations through BDCheckout.
FY2026 estForward Outlook
Wall Street analysts project Bitcoin Depot Inc. revenue of about $400.6M for fiscal 2026, with EPS near $-1.86.
P/E 34.0Key Financial Metrics
Return on assets is -4.7%, showing how much profit it generates from its asset base. A current ratio of 1.26 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -18.0%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 3/9Financial Health
Bitcoin Depot Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 5.51 places it in the safe zone, indicating low near-term bankruptcy risk.
BTM Valuation & Market Position
With a $1.89M market cap, Bitcoin Depot Inc. sits in the micro-cap segment of the market. Relative to its peer group, BTM's quantitative score of 44/100 is roughly in line with the peer average of 53/100.
BTM Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Extensive network of cryptocurrency kiosks.
- BDCheckout retail partnerships.
- Convenient access to digital assets.
- Established brand recognition.
Bear Case
- Negative profit margin.
- Small market capitalization.
- High beta indicating volatility.
- Dependence on cryptocurrency adoption.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
BTM Latest News
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Why Agilysys Shares Are Trading Higher By Over 15%; Here Are 20 Stocks Moving Premarket
benzinga · May 19, 2026
BTM Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BTM.
Price Targets
Wall Street price target analysis for BTM.
BTM MoonshotScore
What does this score mean?
The MoonshotScore rates BTM 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Latest Bitcoin Depot Inc. Analysis
Leadership: W. Alexander Holmes
CEO
W. Alexander Holmes serves as the CEO of Bitcoin Depot Inc., leading the company's strategic direction and overseeing its operations. His background includes experience in the financial services and technology sectors. He is responsible for managing the company's growth, expanding its kiosk network, and developing new products and services. He manages a team of 126 employees.
Track Record: Under W. Alexander Holmes' leadership, Bitcoin Depot Inc. has expanded its kiosk network across North America and launched its BDCheckout retail partnership program. He has focused on increasing accessibility to cryptocurrencies and enhancing the user experience. He has also navigated the company through the evolving regulatory landscape of the digital asset market.
What Investors Ask About Bitcoin Depot Inc. (BTM) — Financial Services
What does the AI Score mean for BTM?
BTM holds an AI Score of 44/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Bitcoin Depot Inc. operates a network of cryptocurrency kiosks across North America, facilitating the buying and selling of Bitcoin, Litecoin, and Ethereum. The company also offers cryptocurrency …
What does Bitcoin Depot Inc. do?
Bitcoin Depot Inc. operates a network of cryptocurrency kiosks across North America, providing a convenient and accessible way for individuals to buy and sell Bitcoin, Litecoin, and Ethereum. The company also offers cryptocurrency sales through its BDCheckout retail partnerships and online over-the-counter (OTC) trading platform. By providing these services, Bitcoin Depot Inc.
What do analysts say about BTM stock?
Analyst coverage of Bitcoin Depot Inc. (BTM) is limited, reflecting its small market capitalization and relatively recent public listing. The consensus view suggests a cautious approach, with analysts focusing on the company's growth potential in the expanding cryptocurrency market, balanced against the risks of regulatory uncertainty and price volatility. Key valuation metrics include revenue growth, gross margin, and profitability.
What are the main risks for BTM?
Bitcoin Depot Inc. faces several key risks, including regulatory uncertainty surrounding cryptocurrency kiosks, the volatility of cryptocurrency prices, and intense competition from other kiosk operators and cryptocurrency exchanges. Changes in regulations could significantly impact the company's operations and profitability. Fluctuations in cryptocurrency prices can affect transaction volume and revenue.
What are the key factors to evaluate for BTM?
Bitcoin Depot Inc. (BTM) holds an AI score of 44/100 (low). P/E: 34.0x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does BTM data refresh on this page?
BTM's price was last updated on Jul 24, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven BTM's recent stock price performance?
Bitcoin Depot Inc. (BTM) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Extensive network of cryptocurrency kiosks. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider BTM overvalued or undervalued right now?
Bitcoin Depot Inc. (BTM) trades at 34.0x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research BTM before investing?
Before investing in Bitcoin Depot Inc. (BTM), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available sources and may be subject to change.
- Financial data is limited and may not be fully comprehensive.
- Analyst opinions may vary and should not be considered investment advice.