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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and VAALCO ENERGY INC (EGY). Click either name above to swap in a different company.

Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $91.0M, roughly 1.8× VAALCO ENERGY INC). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -64.4%, a 67.8% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs -25.2%). Over the past eight quarters, VAALCO ENERGY INC's revenue compounded faster (-4.7% 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.

VAALCO Energy is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston, Texas with operations primarily in the Etame Marin block offshore Gabon.

BTM vs EGY — Head-to-Head

Bigger by revenue
BTM
BTM
1.8× larger
BTM
$162.5M
$91.0M
EGY
Growing faster (revenue YoY)
BTM
BTM
+45.3% gap
BTM
20.1%
-25.2%
EGY
Higher net margin
BTM
BTM
67.8% more per $
BTM
3.4%
-64.4%
EGY
Faster 2-yr revenue CAGR
EGY
EGY
Annualised
EGY
-4.7%
-4.9%
BTM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BTM
BTM
EGY
EGY
Revenue
$162.5M
$91.0M
Net Profit
$5.5M
$-58.6M
Gross Margin
Operating Margin
7.3%
-71.3%
Net Margin
3.4%
-64.4%
Revenue YoY
20.1%
-25.2%
Net Profit YoY
690.4%
-602.5%
EPS (diluted)
$0.08
$-0.56

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
EGY
EGY
Q4 25
$91.0M
Q3 25
$162.5M
$61.0M
Q2 25
$172.1M
$96.9M
Q1 25
$164.2M
$110.3M
Q4 24
$121.7M
Q3 24
$135.3M
$140.3M
Q2 24
$163.1M
$116.8M
Q1 24
$138.5M
$100.2M
Net Profit
BTM
BTM
EGY
EGY
Q4 25
$-58.6M
Q3 25
$5.5M
$1.1M
Q2 25
$6.1M
$8.4M
Q1 25
$4.2M
$7.7M
Q4 24
$11.7M
Q3 24
$-939.0K
$11.0M
Q2 24
$-2.6M
$28.2M
Q1 24
$-1.5M
$7.7M
Operating Margin
BTM
BTM
EGY
EGY
Q4 25
-71.3%
Q3 25
7.3%
1.5%
Q2 25
9.2%
17.7%
Q1 25
10.8%
23.7%
Q4 24
32.7%
Q3 24
4.1%
31.4%
Q2 24
4.7%
17.5%
Q1 24
0.5%
32.1%
Net Margin
BTM
BTM
EGY
EGY
Q4 25
-64.4%
Q3 25
3.4%
1.8%
Q2 25
3.5%
8.6%
Q1 25
2.6%
7.0%
Q4 24
9.6%
Q3 24
-0.7%
7.8%
Q2 24
-1.6%
24.1%
Q1 24
-1.1%
7.7%
EPS (diluted)
BTM
BTM
EGY
EGY
Q4 25
$-0.56
Q3 25
$0.08
$0.01
Q2 25
$0.16
$0.08
Q1 25
$0.20
$0.07
Q4 24
$0.12
Q3 24
$-0.05
$0.10
Q2 24
$-0.13
$0.27
Q1 24
$-0.25
$0.07

Balance Sheet & Financial Strength

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

Metric
BTM
BTM
EGY
EGY
Cash + ST InvestmentsLiquidity on hand
$59.3M
$58.9M
Total DebtLower is stronger
$67.5M
$60.0M
Stockholders' EquityBook value
$21.0M
$443.5M
Total Assets
$125.3M
$913.4M
Debt / EquityLower = less leverage
3.21×
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTM
BTM
EGY
EGY
Q4 25
$58.9M
Q3 25
$59.3M
$24.0M
Q2 25
$48.0M
$67.9M
Q1 25
$35.0M
$40.9M
Q4 24
$82.7M
Q3 24
$32.2M
$89.1M
Q2 24
$43.9M
$62.9M
Q1 24
$42.2M
$113.3M
Total Debt
BTM
BTM
EGY
EGY
Q4 25
$60.0M
Q3 25
$67.5M
$60.0M
Q2 25
$66.5M
$60.0M
Q1 25
$56.2M
$0
Q4 24
$0
Q3 24
$44.5M
$0
Q2 24
$41.2M
$0
Q1 24
$37.6M
$0
Stockholders' Equity
BTM
BTM
EGY
EGY
Q4 25
$443.5M
Q3 25
$21.0M
$505.9M
Q2 25
$4.7M
$511.6M
Q1 25
$-4.6M
$504.1M
Q4 24
$501.6M
Q3 24
$-7.9M
$501.0M
Q2 24
$4.4M
$493.6M
Q1 24
$5.0M
$472.6M
Total Assets
BTM
BTM
EGY
EGY
Q4 25
$913.4M
Q3 25
$125.3M
$950.4M
Q2 25
$109.1M
$964.9M
Q1 25
$89.7M
$927.1M
Q4 24
$955.0M
Q3 24
$87.4M
$937.9M
Q2 24
$97.5M
$917.4M
Q1 24
$90.1M
$809.1M
Debt / Equity
BTM
BTM
EGY
EGY
Q4 25
0.14×
Q3 25
3.21×
0.12×
Q2 25
14.18×
0.12×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
9.27×
0.00×
Q1 24
7.54×
0.00×

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
EGY
EGY
Operating Cash FlowLast quarter
$6.6M
$145.2M
Free Cash FlowOCF − Capex
$2.5M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.20×
TTM Free Cash FlowTrailing 4 quarters
$27.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTM
BTM
EGY
EGY
Q4 25
$145.2M
Q3 25
$6.6M
$16.4M
Q2 25
$10.2M
$18.3M
Q1 25
$16.3M
$32.7M
Q4 24
$44.5M
Q3 24
$5.8M
$47.8M
Q2 24
$10.1M
$-438.0K
Q1 24
$1.3M
$21.8M
Free Cash Flow
BTM
BTM
EGY
EGY
Q4 25
Q3 25
$2.5M
Q2 25
$9.8M
Q1 25
$15.9M
$29.7M
Q4 24
Q3 24
$-1.0M
Q2 24
$7.6M
Q1 24
$789.0K
FCF Margin
BTM
BTM
EGY
EGY
Q4 25
Q3 25
1.6%
Q2 25
5.7%
Q1 25
9.7%
26.9%
Q4 24
Q3 24
-0.8%
Q2 24
4.7%
Q1 24
0.6%
Capex Intensity
BTM
BTM
EGY
EGY
Q4 25
Q3 25
2.5%
Q2 25
0.2%
Q1 25
0.2%
2.7%
Q4 24
Q3 24
5.0%
Q2 24
1.5%
Q1 24
0.4%
Cash Conversion
BTM
BTM
EGY
EGY
Q4 25
Q3 25
1.20×
14.94×
Q2 25
1.67×
2.19×
Q1 25
3.88×
4.23×
Q4 24
3.82×
Q3 24
4.35×
Q2 24
-0.02×
Q1 24
2.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BTM
BTM

Segment breakdown not available.

EGY
EGY

Crude Oil Sales And Purchase Agreements$54.8M60%
Other$31.9M35%
Crude Oil$3.0M3%
Natural Gas Liquids Reserves$1.4M2%

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