BTM Stock Forecast & Price Target

Bitcoin Depot Inc reported impressive financial performance in 2Q25, achieving total revenues of $172.1 million, which represented a 5% quarter-over-quarter increase and a 6% year-over-year rise, surpassing consensus expectations. The revenue growth was significantly supported by an increase in the average number of deployed kiosks and a notable 30% year-over-year increase in median transaction size, suggesting strong operational efficiency and customer demand. Additionally, the company installed nearly 9,000 kiosks by the end of June, up from approximately 8,500 in March, indicating positive momentum and expansion in its network, which is crucial for sustaining long-term growth in the digital currency space.

Bitcoin Depot Inc. reported an adjusted gross profit of $32.7 million for the quarter, reflecting a decrease in profit margins to 19.0% from the previous quarter's 20.2%, despite an increase from 16.2% year-over-year. Additionally, while the adjusted EBITDA of $18.5 million surpassed consensus estimates, it also marked a decline in margins to 10.8% from 12.4% in the prior quarter, highlighting potential concerns about ongoing profitability. The consistent losses attributed to Legacy Bitcoin Depot unit holders further cast a shadow on the company's financial health, suggesting fundamental challenges within its operational structure.