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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Evolus, Inc. (EOLS). Click either name above to swap in a different company.

Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $73.1M, roughly 2.2× Evolus, Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -14.6%, a 18.0% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 6.7%). Over the past eight quarters, Evolus, Inc.'s revenue compounded faster (4.6% 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.

Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.

BTM vs EOLS — Head-to-Head

Bigger by revenue
BTM
BTM
2.2× larger
BTM
$162.5M
$73.1M
EOLS
Growing faster (revenue YoY)
BTM
BTM
+13.4% gap
BTM
20.1%
6.7%
EOLS
Higher net margin
BTM
BTM
18.0% more per $
BTM
3.4%
-14.6%
EOLS
Faster 2-yr revenue CAGR
EOLS
EOLS
Annualised
EOLS
4.6%
-4.9%
BTM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BTM
BTM
EOLS
EOLS
Revenue
$162.5M
$73.1M
Net Profit
$5.5M
$-10.7M
Gross Margin
66.9%
Operating Margin
7.3%
23.8%
Net Margin
3.4%
-14.6%
Revenue YoY
20.1%
6.7%
Net Profit YoY
690.4%
EPS (diluted)
$0.08
$-0.16

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
EOLS
EOLS
Q1 26
$73.1M
Q4 25
$90.3M
Q3 25
$162.5M
$69.0M
Q2 25
$172.1M
$69.4M
Q1 25
$164.2M
$68.5M
Q4 24
$78.9M
Q3 24
$135.3M
$61.1M
Q2 24
$163.1M
$66.9M
Net Profit
BTM
BTM
EOLS
EOLS
Q1 26
$-10.7M
Q4 25
$130.0K
Q3 25
$5.5M
$-15.7M
Q2 25
$6.1M
$-17.1M
Q1 25
$4.2M
$-18.9M
Q4 24
$-6.8M
Q3 24
$-939.0K
$-19.2M
Q2 24
$-2.6M
$-11.3M
Gross Margin
BTM
BTM
EOLS
EOLS
Q1 26
66.9%
Q4 25
65.7%
Q3 25
66.5%
Q2 25
65.3%
Q1 25
68.1%
Q4 24
66.7%
Q3 24
68.9%
Q2 24
70.3%
Operating Margin
BTM
BTM
EOLS
EOLS
Q1 26
23.8%
Q4 25
4.7%
Q3 25
7.3%
-16.7%
Q2 25
9.2%
-14.7%
Q1 25
10.8%
-22.1%
Q4 24
-2.9%
Q3 24
4.1%
-25.3%
Q2 24
4.7%
-11.5%
Net Margin
BTM
BTM
EOLS
EOLS
Q1 26
-14.6%
Q4 25
0.1%
Q3 25
3.4%
-22.8%
Q2 25
3.5%
-24.7%
Q1 25
2.6%
-27.6%
Q4 24
-8.6%
Q3 24
-0.7%
-31.4%
Q2 24
-1.6%
-17.0%
EPS (diluted)
BTM
BTM
EOLS
EOLS
Q1 26
$-0.16
Q4 25
$0.01
Q3 25
$0.08
$-0.24
Q2 25
$0.16
$-0.27
Q1 25
$0.20
$-0.30
Q4 24
$-0.11
Q3 24
$-0.05
$-0.30
Q2 24
$-0.13
$-0.18

Balance Sheet & Financial Strength

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

Metric
BTM
BTM
EOLS
EOLS
Cash + ST InvestmentsLiquidity on hand
$59.3M
$49.8M
Total DebtLower is stronger
$67.5M
$156.4M
Stockholders' EquityBook value
$21.0M
Total Assets
$125.3M
$220.6M
Debt / EquityLower = less leverage
3.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTM
BTM
EOLS
EOLS
Q1 26
$49.8M
Q4 25
$53.8M
Q3 25
$59.3M
$43.5M
Q2 25
$48.0M
$61.7M
Q1 25
$35.0M
$67.9M
Q4 24
$87.0M
Q3 24
$32.2M
$85.0M
Q2 24
$43.9M
$93.7M
Total Debt
BTM
BTM
EOLS
EOLS
Q1 26
$156.4M
Q4 25
$146.1M
Q3 25
$67.5M
Q2 25
$66.5M
Q1 25
$56.2M
$121.8M
Q4 24
$121.5M
Q3 24
$44.5M
$121.2M
Q2 24
$41.2M
$120.9M
Stockholders' Equity
BTM
BTM
EOLS
EOLS
Q1 26
Q4 25
$-23.1M
Q3 25
$21.0M
$-28.8M
Q2 25
$4.7M
$-18.7M
Q1 25
$-4.6M
$-6.6M
Q4 24
$5.5M
Q3 24
$-7.9M
$5.9M
Q2 24
$4.4M
$19.3M
Total Assets
BTM
BTM
EOLS
EOLS
Q1 26
$220.6M
Q4 25
$225.9M
Q3 25
$125.3M
$219.0M
Q2 25
$109.1M
$228.8M
Q1 25
$89.7M
$213.4M
Q4 24
$232.6M
Q3 24
$87.4M
$229.6M
Q2 24
$97.5M
$233.8M
Debt / Equity
BTM
BTM
EOLS
EOLS
Q1 26
Q4 25
Q3 25
3.21×
Q2 25
14.18×
Q1 25
Q4 24
22.00×
Q3 24
20.58×
Q2 24
9.27×
6.26×

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
EOLS
EOLS
Operating Cash FlowLast quarter
$6.6M
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
EOLS
EOLS
Q1 26
Q4 25
$12.8M
Q3 25
$6.6M
$-14.7M
Q2 25
$10.2M
$-24.8M
Q1 25
$16.3M
$-15.6M
Q4 24
$4.8M
Q3 24
$5.8M
$-5.7M
Q2 24
$10.1M
$-6.5M
Free Cash Flow
BTM
BTM
EOLS
EOLS
Q1 26
Q4 25
$11.3M
Q3 25
$2.5M
$-15.6M
Q2 25
$9.8M
$-25.5M
Q1 25
$15.9M
$-16.0M
Q4 24
$4.4M
Q3 24
$-1.0M
$-6.0M
Q2 24
$7.6M
$-6.9M
FCF Margin
BTM
BTM
EOLS
EOLS
Q1 26
Q4 25
12.6%
Q3 25
1.6%
-22.7%
Q2 25
5.7%
-36.7%
Q1 25
9.7%
-23.3%
Q4 24
5.5%
Q3 24
-0.8%
-9.9%
Q2 24
4.7%
-10.4%
Capex Intensity
BTM
BTM
EOLS
EOLS
Q1 26
Q4 25
1.6%
Q3 25
2.5%
1.4%
Q2 25
0.2%
1.0%
Q1 25
0.2%
0.5%
Q4 24
0.6%
Q3 24
5.0%
0.5%
Q2 24
1.5%
0.7%
Cash Conversion
BTM
BTM
EOLS
EOLS
Q1 26
Q4 25
98.67×
Q3 25
1.20×
Q2 25
1.67×
Q1 25
3.88×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BTM
BTM

Segment breakdown not available.

EOLS
EOLS

Product revenue, net$72.7M99%
Service revenue$390.0K1%

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