BTM Stock Forecast & Price Target

Bitcoin Depot Inc demonstrated strong financial performance in Q2 2025, reporting total revenues of $172.1 million, which reflected a 5% quarter-over-quarter increase and a 6% year-over-year growth, exceeding both consensus estimates and management's guidance. The growth in revenue was primarily attributed to a higher average number of deployed kiosks and a significant 30% year-over-year increase in median transaction size. Furthermore, with nearly 9,000 kiosks installed by the end of June, up from approximately 8,500 at the end of March, Bitcoin Depot's expanding footprint positions the company favorably within the digital economy.

Bitcoin Depot Inc reported an adjusted gross profit of $32.7 million for 2Q25, reflecting a decline in profit margins to 19.0%, down from 20.2% in the previous quarter, despite a year-over-year improvement. The adjusted EBITDA also decreased to $18.5 million, with margins falling to 10.8% from 12.4% in the prior quarter, indicating challenges in sustaining profitability, even though results surpassed consensus estimates. Additionally, the presence of net losses attributable to legacy unit holders adds to the financial uncertainty and suggests potential issues related to overall financial stability and investor confidence in the company's future performance.