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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Civeo Corp (CVEO). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $161.6M, roughly 1.0× Civeo Corp). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -4.0%, a 7.4% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 7.1%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $2.5M). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% 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.
The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.
BTM vs CVEO — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $161.6M |
| Net Profit | $5.5M | $-6.5M |
| Gross Margin | — | 22.7% |
| Operating Margin | 7.3% | -0.1% |
| Net Margin | 3.4% | -4.0% |
| Revenue YoY | 20.1% | 7.1% |
| Net Profit YoY | 690.4% | 58.1% |
| EPS (diluted) | $0.08 | $-0.58 |
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 | — | $161.6M | ||
| Q3 25 | $162.5M | $170.5M | ||
| Q2 25 | $172.1M | $162.7M | ||
| Q1 25 | $164.2M | $144.0M | ||
| Q4 24 | — | $151.0M | ||
| Q3 24 | $135.3M | $176.3M | ||
| Q2 24 | $163.1M | $188.7M | ||
| Q1 24 | $138.5M | $166.1M |
| Q4 25 | — | $-6.5M | ||
| Q3 25 | $5.5M | $-455.0K | ||
| Q2 25 | $6.1M | $-3.3M | ||
| Q1 25 | $4.2M | $-9.8M | ||
| Q4 24 | — | $-15.4M | ||
| Q3 24 | $-939.0K | $-5.1M | ||
| Q2 24 | $-2.6M | $8.2M | ||
| Q1 24 | $-1.5M | $-5.1M |
| Q4 25 | — | 22.7% | ||
| Q3 25 | — | 25.7% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 21.5% |
| Q4 25 | — | -0.1% | ||
| Q3 25 | 7.3% | 4.1% | ||
| Q2 25 | 9.2% | 1.7% | ||
| Q1 25 | 10.8% | -3.8% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | 4.1% | 0.0% | ||
| Q2 24 | 4.7% | 6.9% | ||
| Q1 24 | 0.5% | -1.1% |
| Q4 25 | — | -4.0% | ||
| Q3 25 | 3.4% | -0.3% | ||
| Q2 25 | 3.5% | -2.0% | ||
| Q1 25 | 2.6% | -6.8% | ||
| Q4 24 | — | -10.2% | ||
| Q3 24 | -0.7% | -2.9% | ||
| Q2 24 | -1.6% | 4.4% | ||
| Q1 24 | -1.1% | -3.1% |
| Q4 25 | — | $-0.58 | ||
| Q3 25 | $0.08 | $-0.04 | ||
| Q2 25 | $0.16 | $-0.25 | ||
| Q1 25 | $0.20 | $-0.72 | ||
| Q4 24 | — | $-1.04 | ||
| Q3 24 | $-0.05 | $-0.36 | ||
| Q2 24 | $-0.13 | $0.56 | ||
| Q1 24 | $-0.25 | $-0.35 |
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 | $14.4M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $174.4M |
| Total Assets | $125.3M | $477.4M |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.4M | ||
| Q3 25 | $59.3M | $12.0M | ||
| Q2 25 | $48.0M | $14.6M | ||
| Q1 25 | $35.0M | $28.4M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | $32.2M | $17.9M | ||
| Q2 24 | $43.9M | $7.4M | ||
| Q1 24 | $42.2M | $16.8M |
| Q4 25 | — | — | ||
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | $43.3M | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $41.2M | — | ||
| Q1 24 | $37.6M | — |
| Q4 25 | — | $174.4M | ||
| Q3 25 | $21.0M | $182.5M | ||
| Q2 25 | $4.7M | $209.4M | ||
| Q1 25 | $-4.6M | $220.7M | ||
| Q4 24 | — | $236.4M | ||
| Q3 24 | $-7.9M | $282.2M | ||
| Q2 24 | $4.4M | $297.4M | ||
| Q1 24 | $5.0M | $297.4M |
| Q4 25 | — | $477.4M | ||
| Q3 25 | $125.3M | $491.1M | ||
| Q2 25 | $109.1M | $508.8M | ||
| Q1 25 | $89.7M | $423.8M | ||
| Q4 24 | — | $405.1M | ||
| Q3 24 | $87.4M | $477.6M | ||
| Q2 24 | $97.5M | $483.2M | ||
| Q1 24 | $90.1M | $513.1M |
| Q4 25 | — | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.18× | ||
| 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 | $19.3M |
| Free Cash FlowOCF − Capex | $2.5M | $14.5M |
| FCF MarginFCF / Revenue | 1.6% | 8.9% |
| Capex IntensityCapex / Revenue | 2.5% | 3.0% |
| Cash ConversionOCF / Net Profit | 1.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $19.3M | ||
| Q3 25 | $6.6M | $13.8M | ||
| Q2 25 | $10.2M | $-2.3M | ||
| Q1 25 | $16.3M | $-8.4M | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | $5.8M | $35.7M | ||
| Q2 24 | $10.1M | $32.4M | ||
| Q1 24 | $1.3M | $6.0M |
| Q4 25 | — | $14.5M | ||
| Q3 25 | $2.5M | $8.2M | ||
| Q2 25 | $9.8M | $-6.8M | ||
| Q1 25 | $15.9M | $-13.7M | ||
| Q4 24 | — | $1.8M | ||
| Q3 24 | $-1.0M | $28.2M | ||
| Q2 24 | $7.6M | $27.0M | ||
| Q1 24 | $789.0K | $372.0K |
| Q4 25 | — | 8.9% | ||
| Q3 25 | 1.6% | 4.8% | ||
| Q2 25 | 5.7% | -4.2% | ||
| Q1 25 | 9.7% | -9.5% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | -0.8% | 16.0% | ||
| Q2 24 | 4.7% | 14.3% | ||
| Q1 24 | 0.6% | 0.2% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | 2.5% | 3.3% | ||
| Q2 25 | 0.2% | 2.8% | ||
| Q1 25 | 0.2% | 3.7% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | 5.0% | 4.2% | ||
| Q2 24 | 1.5% | 2.8% | ||
| Q1 24 | 0.4% | 3.4% |
| Q4 25 | — | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.67× | — | ||
| Q1 25 | 3.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.93× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
