Bitcoin Depot Inc.
Bitcoin Depot Inc. owns and operates a network of bitcoin ATMs in North America and Hong Kong. Its customers can buy and sell bitcoin through its kiosks in various retail locations, such as convenience stores and gas station chains; pharmacies and grocers; and mall operators. The company also sells cryptocurrency to consumers at a network of retail locations through its BDCheckout product offerin… Read more
Bitcoin Depot Inc. (BTM) - Net Assets
Latest net assets as of September 2025: $21.02 Million USD
Based on the latest financial reports, Bitcoin Depot Inc. (BTM) has net assets worth $21.02 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($125.28 Million) and total liabilities ($104.26 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $21.02 Million |
| % of Total Assets | 16.78% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 113.64 |
Bitcoin Depot Inc. - Net Assets Trend (2020–2024)
This chart illustrates how Bitcoin Depot Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bitcoin Depot Inc. (2020–2024)
The table below shows the annual net assets of Bitcoin Depot Inc. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-16.49 Million | -275.89% |
| 2023-12-31 | $9.37 Million | -0.75% |
| 2022-12-31 | $9.44 Million | -50.23% |
| 2021-12-31 | $18.98 Million | -1.66% |
| 2020-12-31 | $19.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bitcoin Depot Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4434900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.00K | % |
| Other Comprehensive Income | $-342.00K | % |
| Other Components | $21.06 Million | % |
| Total Equity | $-23.63 Million | 100.00% |
Bitcoin Depot Inc. Competitors by Market Cap
The table below lists competitors of Bitcoin Depot Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bannix Acquisition Corp
NASDAQ:BNIX
|
$18.55 Million |
|
Microtek International Inc
TW:2305
|
$18.55 Million |
|
Polynet PCL
BK:POLY
|
$18.56 Million |
|
LiveWire Group Inc.
NYSE:LVWR
|
$18.56 Million |
|
Bossa Ticaret ve Sanayi Isletmeleri TAS
IS:BOSSA
|
$18.55 Million |
|
DRA Global Ltd
AU:DRA
|
$18.52 Million |
|
Bitcoin Well Inc.
OTCQB:BCNWF
|
$18.52 Million |
|
Visang Educati
KO:100220
|
$18.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bitcoin Depot Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -15,814,000 to -23,632,000, a change of -7,818,000.
- Net loss of 11,686,000 reduced equity.
- Dividend payments of 37,160,000 reduced retained earnings.
- Share repurchases of 158,000 reduced equity.
- Other comprehensive income decreased equity by 139,000.
- Other factors increased equity by 41,325,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.69 Million | -49.45% |
| Dividends Paid | $37.16 Million | -157.24% |
| Share Repurchases | $158.00K | -0.67% |
| Other Comprehensive Income | $-139.00K | -0.59% |
| Other Changes | $41.33 Million | +174.87% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Bitcoin Depot Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $1.56 | $4.06 | x |
| 2021-12-31 | $1.42 | $4.06 | x |
| 2022-12-31 | $0.58 | $4.06 | x |
| 2023-12-31 | $-0.95 | $4.06 | x |
| 2024-12-31 | $-1.14 | $4.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bitcoin Depot Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.04%
- • Asset Turnover: 7.16x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (32.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 74.66% | 5.88% | 4.62x | 2.75x | $12.48 Million |
| 2021 | 33.87% | 1.08% | 5.07x | 6.17x | $4.19 Million |
| 2022 | 55.17% | 0.62% | 6.93x | 12.95x | $3.26 Million |
| 2023 | 0.00% | -3.79% | 8.90x | 0.00x | $-24.52 Million |
| 2024 | 0.00% | -2.04% | 7.16x | 0.00x | $-9.32 Million |
Industry Comparison
This section compares Bitcoin Depot Inc.'s net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bitcoin Depot Inc. (BTM) | $21.02 Million | 74.66% | 4.96x | $18.55 Million |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |