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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Claritev Corp (CTEV). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $162.5M, roughly 1.5× Bitcoin Depot Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -32.7%, a 36.1% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 6.2%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $2.5M). Over the past eight quarters, Claritev Corp's revenue compounded faster (2.5% 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.
BTM vs CTEV — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $246.6M |
| Net Profit | $5.5M | $-80.6M |
| Gross Margin | — | — |
| Operating Margin | 7.3% | -3.1% |
| Net Margin | 3.4% | -32.7% |
| Revenue YoY | 20.1% | 6.2% |
| Net Profit YoY | 690.4% | 41.6% |
| EPS (diluted) | $0.08 | $-4.88 |
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 | — | $246.6M | ||
| Q3 25 | $162.5M | $246.0M | ||
| Q2 25 | $172.1M | $241.6M | ||
| Q1 25 | $164.2M | $231.3M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | $135.3M | $230.5M | ||
| Q2 24 | $163.1M | $233.5M | ||
| Q1 24 | $138.5M | $234.5M |
| Q4 25 | — | $-80.6M | ||
| Q3 25 | $5.5M | $-69.8M | ||
| Q2 25 | $6.1M | $-62.6M | ||
| Q1 25 | $4.2M | $-71.3M | ||
| Q4 24 | — | $-138.0M | ||
| Q3 24 | $-939.0K | $-391.4M | ||
| Q2 24 | $-2.6M | $-576.7M | ||
| Q1 24 | $-1.5M | $-539.7M |
| Q4 25 | — | -3.1% | ||
| Q3 25 | 7.3% | 4.1% | ||
| Q2 25 | 9.2% | 6.9% | ||
| Q1 25 | 10.8% | 4.2% | ||
| Q4 24 | — | -17.8% | ||
| Q3 24 | 4.1% | -146.7% | ||
| Q2 24 | 4.7% | -224.4% | ||
| Q1 24 | 0.5% | -207.4% |
| Q4 25 | — | -32.7% | ||
| Q3 25 | 3.4% | -28.4% | ||
| Q2 25 | 3.5% | -25.9% | ||
| Q1 25 | 2.6% | -30.8% | ||
| Q4 24 | — | -59.4% | ||
| Q3 24 | -0.7% | -169.8% | ||
| Q2 24 | -1.6% | -247.0% | ||
| Q1 24 | -1.1% | -230.1% |
| Q4 25 | — | $-4.88 | ||
| Q3 25 | $0.08 | $-4.23 | ||
| Q2 25 | $0.16 | $-3.81 | ||
| Q1 25 | $0.20 | $-4.38 | ||
| Q4 24 | — | $-8.49 | ||
| Q3 24 | $-0.05 | $-24.25 | ||
| Q2 24 | $-0.13 | $-35.78 | ||
| Q1 24 | $-0.25 | $-33.40 |
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 | $16.8M |
| Total DebtLower is stronger | $67.5M | $4.6B |
| Stockholders' EquityBook value | $21.0M | $-173.9M |
| Total Assets | $125.3M | $4.9B |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $16.8M | ||
| Q3 25 | $59.3M | $39.2M | ||
| Q2 25 | $48.0M | $56.4M | ||
| Q1 25 | $35.0M | $23.1M | ||
| Q4 24 | — | $16.8M | ||
| Q3 24 | $32.2M | $86.6M | ||
| Q2 24 | $43.9M | $48.8M | ||
| Q1 24 | $42.2M | $58.7M |
| Q4 25 | — | $4.6B | ||
| Q3 25 | $67.5M | $4.5B | ||
| Q2 25 | $66.5M | $4.5B | ||
| Q1 25 | $56.2M | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | $44.5M | $4.5B | ||
| Q2 24 | $41.2M | $4.5B | ||
| Q1 24 | $37.6M | $4.5B |
| Q4 25 | — | $-173.9M | ||
| Q3 25 | $21.0M | $-101.8M | ||
| Q2 25 | $4.7M | $-39.9M | ||
| Q1 25 | $-4.6M | $14.8M | ||
| Q4 24 | — | $84.0M | ||
| Q3 24 | $-7.9M | $207.6M | ||
| Q2 24 | $4.4M | $603.4M | ||
| Q1 24 | $5.0M | $1.2B |
| Q4 25 | — | $4.9B | ||
| Q3 25 | $125.3M | $5.0B | ||
| Q2 25 | $109.1M | $5.1B | ||
| Q1 25 | $89.7M | $5.1B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | $87.4M | $5.3B | ||
| Q2 24 | $97.5M | $5.7B | ||
| Q1 24 | $90.1M | $6.4B |
| Q4 25 | — | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | 304.87× | ||
| Q4 24 | — | 53.67× | ||
| Q3 24 | — | 21.73× | ||
| Q2 24 | 9.27× | 7.48× | ||
| Q1 24 | 7.54× | 3.85× |
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 | $66.3M |
| Free Cash FlowOCF − Capex | $2.5M | $36.4M |
| FCF MarginFCF / Revenue | 1.6% | 14.8% |
| Capex IntensityCapex / Revenue | 2.5% | 12.1% |
| Cash ConversionOCF / Net Profit | 1.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $-12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $66.3M | ||
| Q3 25 | $6.6M | $19.9M | ||
| Q2 25 | $10.2M | $61.2M | ||
| Q1 25 | $16.3M | $-30.1M | ||
| Q4 24 | — | $-33.4M | ||
| Q3 24 | $5.8M | $72.8M | ||
| Q2 24 | $10.1M | $18.5M | ||
| Q1 24 | $1.3M | $49.7M |
| Q4 25 | — | $36.4M | ||
| Q3 25 | $2.5M | $-16.3M | ||
| Q2 25 | $9.8M | $36.6M | ||
| Q1 25 | $15.9M | $-68.9M | ||
| Q4 24 | — | $-63.8M | ||
| Q3 24 | $-1.0M | $41.1M | ||
| Q2 24 | $7.6M | $-7.0M | ||
| Q1 24 | $789.0K | $19.2M |
| Q4 25 | — | 14.8% | ||
| Q3 25 | 1.6% | -6.6% | ||
| Q2 25 | 5.7% | 15.2% | ||
| Q1 25 | 9.7% | -29.8% | ||
| Q4 24 | — | -27.5% | ||
| Q3 24 | -0.8% | 17.8% | ||
| Q2 24 | 4.7% | -3.0% | ||
| Q1 24 | 0.6% | 8.2% |
| Q4 25 | — | 12.1% | ||
| Q3 25 | 2.5% | 14.7% | ||
| Q2 25 | 0.2% | 10.2% | ||
| Q1 25 | 0.2% | 16.8% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | 5.0% | 13.8% | ||
| Q2 24 | 1.5% | 10.9% | ||
| Q1 24 | 0.4% | 13.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.67× | — | ||
| Q1 25 | 3.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
