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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and COLLEGIUM PHARMACEUTICAL, INC (COLL). Click either name above to swap in a different company.
COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $162.5M, roughly 1.3× Bitcoin Depot Inc.). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs 3.4%, a 4.8% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 12.9%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $2.5M). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs -4.9%).
Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.
Collegium Pharmaceutical, Inc. is a specialty pharmaceutical firm focused on developing and commercializing innovative, abuse-deterrent pain management therapies. Operating primarily in the U.S. market, it offers extended-release analgesics for chronic pain patients, serving providers across primary and specialty care segments.
BTM vs COLL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $205.4M |
| Net Profit | $5.5M | $17.0M |
| Gross Margin | — | 62.5% |
| Operating Margin | 7.3% | 29.6% |
| Net Margin | 3.4% | 8.3% |
| Revenue YoY | 20.1% | 12.9% |
| Net Profit YoY | 690.4% | 35.3% |
| EPS (diluted) | $0.08 | $0.48 |
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.
| Q4 25 | — | $205.4M | ||
| Q3 25 | $162.5M | $209.4M | ||
| Q2 25 | $172.1M | $188.0M | ||
| Q1 25 | $164.2M | $177.8M | ||
| Q4 24 | — | $181.9M | ||
| Q3 24 | $135.3M | $159.3M | ||
| Q2 24 | $163.1M | $145.3M | ||
| Q1 24 | $138.5M | $144.9M |
| Q4 25 | — | $17.0M | ||
| Q3 25 | $5.5M | $31.5M | ||
| Q2 25 | $6.1M | $12.0M | ||
| Q1 25 | $4.2M | $2.4M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $-939.0K | $9.3M | ||
| Q2 24 | $-2.6M | $19.6M | ||
| Q1 24 | $-1.5M | $27.7M |
| Q4 25 | — | 62.5% | ||
| Q3 25 | — | 61.7% | ||
| Q2 25 | — | 57.7% | ||
| Q1 25 | — | 54.8% | ||
| Q4 24 | — | 54.0% | ||
| Q3 24 | — | 60.8% | ||
| Q2 24 | — | 62.5% | ||
| Q1 24 | — | 63.1% |
| Q4 25 | — | 29.6% | ||
| Q3 25 | 7.3% | 29.7% | ||
| Q2 25 | 9.2% | 18.7% | ||
| Q1 25 | 10.8% | 12.2% | ||
| Q4 24 | — | 20.9% | ||
| Q3 24 | 4.1% | 21.9% | ||
| Q2 24 | 4.7% | 32.7% | ||
| Q1 24 | 0.5% | 34.1% |
| Q4 25 | — | 8.3% | ||
| Q3 25 | 3.4% | 15.0% | ||
| Q2 25 | 3.5% | 6.4% | ||
| Q1 25 | 2.6% | 1.4% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | -0.7% | 5.9% | ||
| Q2 24 | -1.6% | 13.5% | ||
| Q1 24 | -1.1% | 19.1% |
| Q4 25 | — | $0.48 | ||
| Q3 25 | $0.08 | $0.84 | ||
| Q2 25 | $0.16 | $0.34 | ||
| Q1 25 | $0.20 | $0.07 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | $-0.05 | $0.27 | ||
| Q2 24 | $-0.13 | $0.52 | ||
| Q1 24 | $-0.25 | $0.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $59.3M | $386.7M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $301.7M |
| Total Assets | $125.3M | $1.7B |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $386.7M | ||
| Q3 25 | $59.3M | $285.9M | ||
| Q2 25 | $48.0M | $222.2M | ||
| Q1 25 | $35.0M | $197.8M | ||
| Q4 24 | — | $162.8M | ||
| Q3 24 | $32.2M | $120.0M | ||
| Q2 24 | $43.9M | $271.6M | ||
| Q1 24 | $42.2M | $318.0M |
| Q4 25 | — | — | ||
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $41.2M | — | ||
| Q1 24 | $37.6M | — |
| Q4 25 | — | $301.7M | ||
| Q3 25 | $21.0M | $274.8M | ||
| Q2 25 | $4.7M | $232.2M | ||
| Q1 25 | $-4.6M | $234.4M | ||
| Q4 24 | — | $228.8M | ||
| Q3 24 | $-7.9M | $234.3M | ||
| Q2 24 | $4.4M | $216.6M | ||
| Q1 24 | $5.0M | $222.2M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | $125.3M | $1.6B | ||
| Q2 25 | $109.1M | $1.6B | ||
| Q1 25 | $89.7M | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $87.4M | $1.6B | ||
| Q2 24 | $97.5M | $1.1B | ||
| Q1 24 | $90.1M | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.27× | — | ||
| Q1 24 | 7.54× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.6M | $123.0M |
| Free Cash FlowOCF − Capex | $2.5M | $122.4M |
| FCF MarginFCF / Revenue | 1.6% | 59.6% |
| Capex IntensityCapex / Revenue | 2.5% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.20× | 7.25× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $327.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $123.0M | ||
| Q3 25 | $6.6M | $78.4M | ||
| Q2 25 | $10.2M | $72.4M | ||
| Q1 25 | $16.3M | $55.4M | ||
| Q4 24 | — | $84.6M | ||
| Q3 24 | $5.8M | $-9.0M | ||
| Q2 24 | $10.1M | $67.4M | ||
| Q1 24 | $1.3M | $61.9M |
| Q4 25 | — | $122.4M | ||
| Q3 25 | $2.5M | $78.3M | ||
| Q2 25 | $9.8M | $72.4M | ||
| Q1 25 | $15.9M | $54.6M | ||
| Q4 24 | — | $84.1M | ||
| Q3 24 | $-1.0M | $-9.2M | ||
| Q2 24 | $7.6M | $67.1M | ||
| Q1 24 | $789.0K | $61.4M |
| Q4 25 | — | 59.6% | ||
| Q3 25 | 1.6% | 37.4% | ||
| Q2 25 | 5.7% | 38.5% | ||
| Q1 25 | 9.7% | 30.7% | ||
| Q4 24 | — | 46.2% | ||
| Q3 24 | -0.8% | -5.8% | ||
| Q2 24 | 4.7% | 46.2% | ||
| Q1 24 | 0.6% | 42.3% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | 2.5% | 0.1% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 5.0% | 0.2% | ||
| Q2 24 | 1.5% | 0.2% | ||
| Q1 24 | 0.4% | 0.4% |
| Q4 25 | — | 7.25× | ||
| Q3 25 | 1.20× | 2.49× | ||
| Q2 25 | 1.67× | 6.05× | ||
| Q1 25 | 3.88× | 22.92× | ||
| Q4 24 | — | 6.75× | ||
| Q3 24 | — | -0.96× | ||
| Q2 24 | — | 3.44× | ||
| Q1 24 | — | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
