Bitcoin Depot's Chapter 11 bankruptcy filing to wind down operations drives continued premarket selloff.
Bitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade. The company was founded in 2016 and is headquartered in Atlanta, Georgia. Bitcoin Depot Inc. is a subsidiary of BT Assets, Inc.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue | $573.70M | $688.97M | $646.83M | $548.98M | $245.13M |
| Cost of Revenue | $482.26M | $587.94M | $574.53M | $492.95M | $214.04M |
| Gross Profit | $91.44M | $101.03M | $72.30M | $56.03M | $31.09M |
| Gross Margin | 15.94% | 14.66% | 11.18% | 10.21% | 12.68% |
| Operating Expenses | $67.23M | $70.56M | $55.77M | $42.18M | $16.28M |
| Operating Income | $24.21M | $30.47M | $16.52M | $13.85M | $14.81M |
| Operating Margin | 4.22% | 4.42% | 2.55% | 2.52% | 6.04% |
| Net Income | $-11.69M | $-26.10M | $3.98M | $5.94M | $14.41M |
| Net Margin | -2.04% | -3.79% | 0.62% | 1.08% | 5.88% |
| EPS (Basic) | $-0.56 | $-1.57 | $0.32 | $0.48 | $1.17 |
| EBITDA | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A |