vs

Side-by-side financial comparison of American Bitcoin Corp. (ABTC) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.

CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $118.0M, roughly 1.3× American Bitcoin Corp.). On growth, American Bitcoin Corp. posted the faster year-over-year revenue change (151.5% vs 22.3%). Over the past eight quarters, American Bitcoin Corp.'s revenue compounded faster (296.9% CAGR vs 16.9%).

Bitcoin is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown person published a white paper under the pseudonym of Satoshi Nakamoto. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation. From 2021 to 2025, El Salvador adopted it as legal tender currency before revoking it. As bitcoin is pseudonymous, its use by criminals has attracted the attention of regulators, leading to its ban by...

CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.

ABTC vs PMTS — Head-to-Head

Bigger by revenue
PMTS
PMTS
1.3× larger
PMTS
$153.1M
$118.0M
ABTC
Growing faster (revenue YoY)
ABTC
ABTC
+129.2% gap
ABTC
151.5%
22.3%
PMTS
Faster 2-yr revenue CAGR
ABTC
ABTC
Annualised
ABTC
296.9%
16.9%
PMTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABTC
ABTC
PMTS
PMTS
Revenue
$118.0M
$153.1M
Net Profit
$7.3M
Gross Margin
49.1%
31.5%
Operating Margin
-192.8%
12.0%
Net Margin
4.8%
Revenue YoY
151.5%
22.3%
Net Profit YoY
8.5%
EPS (diluted)
$-0.07
$0.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABTC
ABTC
PMTS
PMTS
Q4 25
$118.0M
$153.1M
Q3 25
$64.2M
$138.0M
Q2 25
$1.4M
$129.8M
Q1 25
$1.6M
$122.8M
Q4 24
$46.9M
$125.1M
Q3 24
$11.6M
$124.8M
Q2 24
$5.5M
$118.8M
Q1 24
$7.5M
$111.9M
Net Profit
ABTC
ABTC
PMTS
PMTS
Q4 25
$7.3M
Q3 25
$3.5M
$2.3M
Q2 25
$3.4M
$518.0K
Q1 25
$-100.6M
$4.8M
Q4 24
$6.8M
Q3 24
$-576.0K
$1.3M
Q2 24
$-61.1M
$6.0M
Q1 24
$230.4M
$5.5M
Gross Margin
ABTC
ABTC
PMTS
PMTS
Q4 25
49.1%
31.5%
Q3 25
56.0%
29.7%
Q2 25
30.9%
Q1 25
33.2%
Q4 24
57.9%
34.1%
Q3 24
4.2%
35.8%
Q2 24
31.0%
35.7%
Q1 24
35.4%
37.1%
Operating Margin
ABTC
ABTC
PMTS
PMTS
Q4 25
-192.8%
12.0%
Q3 25
11.2%
9.4%
Q2 25
-162.1%
7.3%
Q1 25
-350.8%
11.5%
Q4 24
12.7%
Q3 24
-87.8%
14.3%
Q2 24
-106.4%
12.5%
Q1 24
-20.8%
12.6%
Net Margin
ABTC
ABTC
PMTS
PMTS
Q4 25
4.8%
Q3 25
5.4%
1.7%
Q2 25
249.2%
0.4%
Q1 25
-6458.5%
3.9%
Q4 24
5.4%
Q3 24
-5.0%
1.0%
Q2 24
-1107.2%
5.1%
Q1 24
3076.2%
4.9%
EPS (diluted)
ABTC
ABTC
PMTS
PMTS
Q4 25
$-0.07
$0.62
Q3 25
$0.06
$0.19
Q2 25
$-0.07
$0.04
Q1 25
$-0.09
$0.40
Q4 24
$1.10
$0.56
Q3 24
$-0.15
$0.11
Q2 24
$-0.10
$0.51
Q1 24
$-0.36
$0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABTC
ABTC
PMTS
PMTS
Cash + ST InvestmentsLiquidity on hand
$21.7M
Total DebtLower is stronger
$286.7M
Stockholders' EquityBook value
$665.8M
$-17.3M
Total Assets
$1.2B
$403.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABTC
ABTC
PMTS
PMTS
Q4 25
$21.7M
Q3 25
$16.0M
Q2 25
$750.0K
$17.1M
Q1 25
$367.0K
$31.5M
Q4 24
$850.0K
$33.5M
Q3 24
$478.0K
$14.7M
Q2 24
$1.4M
$7.5M
Q1 24
$1.9M
$17.1M
Total Debt
ABTC
ABTC
PMTS
PMTS
Q4 25
$286.7M
Q3 25
$308.4M
Q2 25
$310.9M
Q1 25
$280.7M
Q4 24
$280.4M
Q3 24
$280.2M
Q2 24
$269.7M
Q1 24
$265.3M
Stockholders' Equity
ABTC
ABTC
PMTS
PMTS
Q4 25
$665.8M
$-17.3M
Q3 25
$575.5M
$-25.7M
Q2 25
$339.7M
$-29.0M
Q1 25
$115.8M
$-29.7M
Q4 24
$1.0B
$-35.6M
Q3 24
$697.5M
$-42.8M
Q2 24
$614.3M
$-44.6M
Q1 24
$696.8M
$-48.5M
Total Assets
ABTC
ABTC
PMTS
PMTS
Q4 25
$1.2B
$403.2M
Q3 25
$1.2B
$407.1M
Q2 25
$6.2M
$399.8M
Q1 25
$9.0M
$351.9M
Q4 24
$1.1B
$349.7M
Q3 24
$7.5M
$342.3M
Q2 24
$11.4M
$321.4M
Q1 24
$17.8M
$319.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABTC
ABTC
PMTS
PMTS
Operating Cash FlowLast quarter
$-79.6M
$39.6M
Free Cash FlowOCF − Capex
$35.2M
FCF MarginFCF / Revenue
23.0%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
5.39×
TTM Free Cash FlowTrailing 4 quarters
$41.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABTC
ABTC
PMTS
PMTS
Q4 25
$-79.6M
$39.6M
Q3 25
$-39.0M
$10.0M
Q2 25
$-879.0K
$4.3M
Q1 25
$-3.2M
$5.6M
Q4 24
$-54.0M
$26.7M
Q3 24
$-76.8M
$12.5M
Q2 24
$201.0K
$-4.8M
Q1 24
$-983.0K
$8.9M
Free Cash Flow
ABTC
ABTC
PMTS
PMTS
Q4 25
$35.2M
Q3 25
$5.3M
Q2 25
$-1.4M
$533.0K
Q1 25
$292.0K
Q4 24
$-60.6M
$21.6M
Q3 24
$-79.3M
$11.1M
Q2 24
$-874.0K
$-6.0M
Q1 24
$7.4M
FCF Margin
ABTC
ABTC
PMTS
PMTS
Q4 25
23.0%
Q3 25
3.8%
Q2 25
-104.4%
0.4%
Q1 25
0.2%
Q4 24
-129.2%
17.3%
Q3 24
-683.2%
8.9%
Q2 24
-15.8%
-5.0%
Q1 24
6.6%
Capex Intensity
ABTC
ABTC
PMTS
PMTS
Q4 25
2.9%
Q3 25
3.4%
Q2 25
40.5%
2.9%
Q1 25
4.3%
Q4 24
14.1%
4.0%
Q3 24
21.6%
1.2%
Q2 24
19.5%
1.0%
Q1 24
1.3%
Cash Conversion
ABTC
ABTC
PMTS
PMTS
Q4 25
5.39×
Q3 25
-11.21×
4.32×
Q2 25
-0.26×
8.39×
Q1 25
1.17×
Q4 24
3.94×
Q3 24
9.70×
Q2 24
-0.79×
Q1 24
-0.00×
1.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABTC
ABTC

Segment breakdown not available.

PMTS
PMTS

US Debit And Credit$128.9M84%
US Prepaid Debit$24.4M16%

Related Comparisons