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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and California Resources Corp (CRC). Click either name above to swap in a different company.

Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $119.0M, roughly 1.4× California Resources Corp). Bitcoin Depot Inc. produced more free cash flow last quarter ($2.5M vs $-32.0M). Over the past eight quarters, Bitcoin Depot Inc.'s revenue compounded faster (-4.9% CAGR vs -46.3%).

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.

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

BTM vs CRC — Head-to-Head

Bigger by revenue
BTM
BTM
1.4× larger
BTM
$162.5M
$119.0M
CRC
More free cash flow
BTM
BTM
$34.5M more FCF
BTM
$2.5M
$-32.0M
CRC
Faster 2-yr revenue CAGR
BTM
BTM
Annualised
BTM
-4.9%
-46.3%
CRC

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BTM
BTM
CRC
CRC
Revenue
$162.5M
$119.0M
Net Profit
$5.5M
Gross Margin
Operating Margin
7.3%
-597.5%
Net Margin
3.4%
Revenue YoY
20.1%
Net Profit YoY
690.4%
EPS (diluted)
$0.08
$-8.02

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
BTM
BTM
CRC
CRC
Q1 26
$119.0M
Q4 25
$679.0M
Q3 25
$162.5M
$715.0M
Q2 25
$172.1M
$702.0M
Q1 25
$164.2M
$814.0M
Q4 24
$826.0M
Q3 24
$135.3M
$870.0M
Q2 24
$163.1M
$412.0M
Net Profit
BTM
BTM
CRC
CRC
Q1 26
Q4 25
$12.0M
Q3 25
$5.5M
$64.0M
Q2 25
$6.1M
$172.0M
Q1 25
$4.2M
$115.0M
Q4 24
$33.0M
Q3 24
$-939.0K
$345.0M
Q2 24
$-2.6M
$8.0M
Operating Margin
BTM
BTM
CRC
CRC
Q1 26
-597.5%
Q4 25
6.9%
Q3 25
7.3%
13.7%
Q2 25
9.2%
38.0%
Q1 25
10.8%
22.9%
Q4 24
8.2%
Q3 24
4.1%
59.5%
Q2 24
4.7%
9.2%
Net Margin
BTM
BTM
CRC
CRC
Q1 26
Q4 25
1.8%
Q3 25
3.4%
9.0%
Q2 25
3.5%
24.5%
Q1 25
2.6%
14.1%
Q4 24
4.0%
Q3 24
-0.7%
39.7%
Q2 24
-1.6%
1.9%
EPS (diluted)
BTM
BTM
CRC
CRC
Q1 26
$-8.02
Q4 25
$0.21
Q3 25
$0.08
$0.76
Q2 25
$0.16
$1.92
Q1 25
$0.20
$1.26
Q4 24
$0.87
Q3 24
$-0.05
$3.78
Q2 24
$-0.13
$0.11

Balance Sheet & Financial Strength

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

Metric
BTM
BTM
CRC
CRC
Cash + ST InvestmentsLiquidity on hand
$59.3M
Total DebtLower is stronger
$67.5M
Stockholders' EquityBook value
$21.0M
$2.9B
Total Assets
$125.3M
Debt / EquityLower = less leverage
3.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTM
BTM
CRC
CRC
Q1 26
Q4 25
$132.0M
Q3 25
$59.3M
$196.0M
Q2 25
$48.0M
$72.0M
Q1 25
$35.0M
$214.0M
Q4 24
$372.0M
Q3 24
$32.2M
$241.0M
Q2 24
$43.9M
$1.0B
Total Debt
BTM
BTM
CRC
CRC
Q1 26
Q4 25
Q3 25
$67.5M
$1.0B
Q2 25
$66.5M
$1.0B
Q1 25
$56.2M
$1.0B
Q4 24
$1.1B
Q3 24
$44.5M
$1.1B
Q2 24
$41.2M
$1.2B
Stockholders' Equity
BTM
BTM
CRC
CRC
Q1 26
$2.9B
Q4 25
$3.7B
Q3 25
$21.0M
$3.4B
Q2 25
$4.7M
$3.4B
Q1 25
$-4.6M
$3.5B
Q4 24
$3.5B
Q3 24
$-7.9M
$3.5B
Q2 24
$4.4M
$2.1B
Total Assets
BTM
BTM
CRC
CRC
Q1 26
Q4 25
$7.4B
Q3 25
$125.3M
$6.8B
Q2 25
$109.1M
$6.7B
Q1 25
$89.7M
$6.8B
Q4 24
$7.1B
Q3 24
$87.4M
$7.1B
Q2 24
$97.5M
$4.5B
Debt / Equity
BTM
BTM
CRC
CRC
Q1 26
Q4 25
Q3 25
3.21×
0.29×
Q2 25
14.18×
0.30×
Q1 25
0.29×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
9.27×
0.57×

Cash Flow & Capital Efficiency

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

Metric
BTM
BTM
CRC
CRC
Operating Cash FlowLast quarter
$6.6M
$99.0M
Free Cash FlowOCF − Capex
$2.5M
$-32.0M
FCF MarginFCF / Revenue
1.6%
-26.9%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.20×
TTM Free Cash FlowTrailing 4 quarters
$27.1M
$380.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTM
BTM
CRC
CRC
Q1 26
$99.0M
Q4 25
$235.0M
Q3 25
$6.6M
$279.0M
Q2 25
$10.2M
$165.0M
Q1 25
$16.3M
$186.0M
Q4 24
$206.0M
Q3 24
$5.8M
$220.0M
Q2 24
$10.1M
$97.0M
Free Cash Flow
BTM
BTM
CRC
CRC
Q1 26
$-32.0M
Q4 25
$115.0M
Q3 25
$2.5M
$188.0M
Q2 25
$9.8M
$109.0M
Q1 25
$15.9M
$131.0M
Q4 24
$118.0M
Q3 24
$-1.0M
$141.0M
Q2 24
$7.6M
$63.0M
FCF Margin
BTM
BTM
CRC
CRC
Q1 26
-26.9%
Q4 25
16.9%
Q3 25
1.6%
26.3%
Q2 25
5.7%
15.5%
Q1 25
9.7%
16.1%
Q4 24
14.3%
Q3 24
-0.8%
16.2%
Q2 24
4.7%
15.3%
Capex Intensity
BTM
BTM
CRC
CRC
Q1 26
Q4 25
17.7%
Q3 25
2.5%
12.7%
Q2 25
0.2%
8.0%
Q1 25
0.2%
6.8%
Q4 24
10.7%
Q3 24
5.0%
9.1%
Q2 24
1.5%
8.3%
Cash Conversion
BTM
BTM
CRC
CRC
Q1 26
Q4 25
19.58×
Q3 25
1.20×
4.36×
Q2 25
1.67×
0.96×
Q1 25
3.88×
1.62×
Q4 24
6.24×
Q3 24
0.64×
Q2 24
12.13×

Financial Flow Comparison

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

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