(BTM) Bitcoin Depot - Overview
Stock: ATM, Kiosk, Checkout, Website
| Risk 5d forecast | |
|---|---|
| Volatility | 112% |
| Relative Tail Risk | -13.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.13 |
| Alpha | -56.74 |
| Character TTM | |
|---|---|
| Beta | 0.759 |
| Beta Downside | 0.558 |
| Drawdowns 3y | |
|---|---|
| Max DD | 92.51% |
| CAGR/Max DD | -0.62 |
Description: BTM Bitcoin Depot January 19, 2026
Bitcoin Depot Inc. (NASDAQ:BTM) operates a network of Bitcoin ATMs across North America and Hong Kong, allowing retail customers to purchase and sell Bitcoin at venues such as convenience stores, gas stations, pharmacies, grocers, and malls. In addition to its kiosk footprint, the firm offers the BDCheckout service-a point-of-sale crypto purchase solution-both in-store and via its website. The company was founded in 2016 and is headquartered in Atlanta, Georgia, and is classified under the “Diversified Support Services” sub-industry.
As of the most recent quarterly filing, Bitcoin Depot reported roughly 1,200 active ATMs, a 22% year-over-year increase in transaction volume, and an average gross transaction value of $2,300 per machine, reflecting rising consumer interest in on-ramps to digital assets. The business’s revenue is highly sensitive to three macro drivers: (1) Bitcoin price volatility, which influences transaction frequency; (2) regulatory clarity in the United States and Hong Kong, affecting kiosk placement and compliance costs; and (3) broader retail adoption of cryptocurrency payments, measured by the growth rate of point-of-sale crypto solutions (currently estimated at ~15% CAGR). These drivers introduce material uncertainty, especially given potential policy shifts that could alter licensing requirements.
For a deeper, data-driven assessment of BTM’s valuation metrics and risk profile, consider exploring the analyst tools on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 9.16m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.30 > 0.02 and ΔFCF/TA 12.89 > 1.0 |
| NWC/Revenue: 5.83% < 20% (prev -0.73%; Δ 6.56% < -1%) |
| CFO/TA 0.31 > 3% & CFO 38.3m > Net Income 9.16m |
| Net Debt (12.9m) to EBITDA (65.6m): 0.20 < 3 |
| Current Ratio: 1.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (67.8m) vs 12m ago 227.2% < -2% |
| Gross Margin: 19.10% > 18% (prev 0.15%; Δ 1895 % > 0.5%) |
| Asset Turnover: 597.6% > 50% (prev 669.3%; Δ -71.68% > 0%) |
| Interest Coverage Ratio: 3.77 > 6 (EBITDA TTM 65.6m / Interest Expense TTM 15.4m) |
Altman Z'' 4.61
| A: 0.30 (Total Current Assets 79.2m - Total Current Liabilities 42.1m) / Total Assets 125.3m |
| B: -0.22 (Retained Earnings -27.7m / Total Assets 125.3m) |
| C: 0.55 (EBIT TTM 58.1m / Avg Total Assets 106.4m) |
| D: -0.27 (Book Value of Equity -27.9m / Total Liabilities 104.3m) |
| Altman-Z'' Score: 4.61 = AA |
Beneish M -1.36
| DSRI: 3.66 (Receivables 1.51m/380.0k, Revenue 635.6m/585.3m) |
| GMI: 0.78 (GM 19.10% / 14.96%) |
| AQI: 0.74 (AQ_t 0.13 / AQ_t-1 0.18) |
| SGI: 1.09 (Revenue 635.6m / 585.3m) |
| TATA: -0.23 (NI 9.16m - CFO 38.3m) / TA 125.3m) |
| Beneish M-Score: -1.36 (Cap -4..+1) = D |
What is the price of BTM shares?
Over the past week, the price has changed by -19.12%, over one month by -36.05%, over three months by -69.22% and over the past year by -41.90%.
Is BTM a buy, sell or hold?
- StrongBuy: 3
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the BTM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 3.9 | 373.5% |
| Analysts Target Price | 3.9 | 373.5% |
| ValueRay Target Price | 0.7 | -21.7% |
BTM Fundamental Data Overview February 05, 2026
P/E Forward = 12.3609
P/S = 0.1154
P/B = 3.7989
Revenue TTM = 635.6m USD
EBIT TTM = 58.1m USD
EBITDA TTM = 65.6m USD
Long Term Debt = 59.7m USD (from longTermDebt, last quarter)
Short Term Debt = 10.6m USD (from shortTermDebt, last quarter)
Debt = 72.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 12.9m USD (from netDebt column, last quarter)
Enterprise Value = 86.3m USD (73.4m + Debt 72.2m - CCE 59.3m)
Interest Coverage Ratio = 3.77 (Ebit TTM 58.1m / Interest Expense TTM 15.4m)
EV/FCF = 2.30x (Enterprise Value 86.3m / FCF TTM 37.5m)
FCF Yield = 43.42% (FCF TTM 37.5m / Enterprise Value 86.3m)
FCF Margin = 5.89% (FCF TTM 37.5m / Revenue TTM 635.6m)
Net Margin = 1.44% (Net Income TTM 9.16m / Revenue TTM 635.6m)
Gross Margin = 19.10% ((Revenue TTM 635.6m - Cost of Revenue TTM 514.2m) / Revenue TTM)
Gross Margin QoQ = 18.54% (prev 19.01%)
Tobins Q-Ratio = 0.69 (Enterprise Value 86.3m / Total Assets 125.3m)
Interest Expense / Debt = 5.73% (Interest Expense 4.13m / Debt 72.2m)
Taxrate = 35.67% (3.04m / 8.53m)
NOPAT = 37.4m (EBIT 58.1m * (1 - 35.67%))
Current Ratio = 1.88 (Total Current Assets 79.2m / Total Current Liabilities 42.1m)
Debt / Equity = 3.89 (Debt 72.2m / totalStockholderEquity, last quarter 18.5m)
Debt / EBITDA = 0.20 (Net Debt 12.9m / EBITDA 65.6m)
Debt / FCF = 0.34 (Net Debt 12.9m / FCF TTM 37.5m)
Total Stockholder Equity = -5.03m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.61% (Net Income 9.16m / Total Assets 125.3m)
RoE = -182.2% (negative equity) (Net Income TTM 9.16m / Total Stockholder Equity -5.03m)
RoCE = 106.2% (EBIT 58.1m / Capital Employed (Equity -5.03m + L.T.Debt 59.7m))
RoIC = 66.72% (NOPAT 37.4m / Invested Capital 56.0m)
WACC = 6.22% (E(73.4m)/V(145.5m) * Re(8.71%) + D(72.2m)/V(145.5m) * Rd(5.73%) * (1-Tc(0.36)))
Discount Rate = 8.71% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 101.7%
[DCF Debug] Terminal Value 79.08% ; FCFF base≈28.4m ; Y1≈18.7m ; Y5≈8.51m
Fair Price DCF = 6.18 (EV 246.9m - Net Debt 12.9m = Equity 234.0m / Shares 37.8m; r=6.22% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 1.73 | EPS CAGR: 3.29% | SUE: -0.31 | # QB: 0
Revenue Correlation: -20.75 | Revenue CAGR: 1.45% | SUE: 0.89 | # QB: 4
EPS next Year (2026-12-31): EPS=0.09 | Chg30d=-0.353 | Revisions Net=+1 | Growth EPS=-75.7% | Growth Revenue=-9.2%