Bitcoin Depot Inc. (BTM) - Net Assets
Based on the latest financial reports, Bitcoin Depot Inc. (BTM) has net assets worth $11.83 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($130.44 Million) and total liabilities ($118.61 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. Check financial resilience of Bitcoin Depot Inc. to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.83 Million |
| % of Total Assets | 9.07% |
| Annual Growth Rate | -9.32% |
| 5-Year Change | -37.66% |
| 10-Year Change | N/A |
| Growth Volatility | 113.64 |
Bitcoin Depot Inc. - Net Assets Trend (2020–2025)
This chart illustrates how Bitcoin Depot Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore how large is Bitcoin Depot Inc.'s balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Bitcoin Depot Inc. (2020–2025)
The table below shows the annual net assets of Bitcoin Depot Inc. from 2020 to 2025. For live valuation and market cap data, see market value of Bitcoin Depot Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $11.83 Million | +171.75% |
| 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 4920000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.00K | 0.03% |
| Other Comprehensive Income | $-255.00K | -2.01% |
| Other Components | $62.12 Million | 490.33% |
| Total Equity | $12.67 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 |
|---|---|
|
Chin Yang Chem
KO:051630
|
$31.61 Million |
|
Precipio Inc
NASDAQ:PRPO
|
$31.61 Million |
|
nTels Co. Ltd
KQ:069410
|
$31.62 Million |
|
Rotork PLC
LSE:ROR
|
$31.62 Million |
|
Kuk Young G&M Co. Ltd
KQ:006050
|
$31.58 Million |
|
Brand Concepts Limited
NSE:BCONCEPTS
|
$31.58 Million |
|
Sleep Number Corp
NASDAQ:SNBR
|
$31.57 Million |
|
VivoPower International PLC
NASDAQ:VVPR
|
$31.57 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 2024 to 2025, total equity changed from -23,632,000 to 12,669,000, a change of 36,301,000.
- Net loss of 6,182,000 reduced equity.
- Dividend payments of 10,102,000 reduced retained earnings.
- New share issuances of 35,108,000 increased equity.
- Other comprehensive income increased equity by 87,000.
- Other factors increased equity by 17,390,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.18 Million | -48.8% |
| Dividends Paid | $10.10 Million | -79.74% |
| Share Issuances | $35.11 Million | +277.12% |
| Other Comprehensive Income | $87.00K | +0.69% |
| Other Changes | $17.39 Million | +137.26% |
| 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
- Current price-to-book ratio: 37.80x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 4.29x to 37.80x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $1.56 | $6.70 | x |
| 2021-12-31 | $1.42 | $6.70 | x |
| 2022-12-31 | $0.58 | $6.70 | x |
| 2023-12-31 | $-0.95 | $6.70 | x |
| 2024-12-31 | $-1.14 | $6.70 | x |
| 2025-12-31 | $0.18 | $6.70 | 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): -48.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.01%
- • Asset Turnover: 4.71x
- • Equity Multiplier: 10.30x
- Recent ROE (-48.80%) is below the historical average (19.15%), 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 |
| 2025 | -48.80% | -1.01% | 4.71x | 10.30x | $-7.45 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: $-508,701,727
- Average return on equity (ROE) among peers: -28.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bitcoin Depot Inc. (BTM) | $11.83 Million | 74.66% | 10.03x | $31.61 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $395.54 Million |
| Abits Group Inc. (ABTS) | $10.38 Million | -8.98% | 0.10x | $4.02 Million |
| Sphere 3D Corp (ANY) | $1.24 Million | -345.24% | 5.78x | $4.44 Million |
| Argo Blockchain PLC ADR (ARBK) | $33.15 Million | 5.93% | 0.34x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-6.80 Billion | 0.00% | 0.00x | $34.90 Million |
| Prestige Wealth Inc. (AURE) | $-291.66K | 0.00% | 0.00x | $43.47 Million |
| Solowin Holdings (AXG) | $1.46 Million | -5.68% | 8.37x | $592.51 Million |
| BGC Group Inc. (BGC) | $271.69 Million | 13.29% | 0.10x | $4.05 Billion |
| Bitfarms Ltd (BITF) | $359.01 Million | 6.16% | 0.51x | $1.21 Billion |
| Bluemount Holdings Limited Class B Ordinary Shares (BMHL) | $18.73 Million | 4.67% | 4.46x | $49.89 Million |
About Bitcoin Depot Inc.
Bitcoin Depot Inc. owns and operates a network of bitcoin ATMs in the United States, Canada, Australia, 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 BD… Read more