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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and 4D Molecular Therapeutics, Inc. (FDMT). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $85.1M, roughly 1.9× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 3.4%, a 19.4% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 20.1%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $2.5M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% 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.
4D Molecular Therapeutics is a clinical-stage biotechnology company specializing in the research and development of targeted adeno-associated virus (AAV) gene therapies. Its core product candidates address unmet medical needs in ophthalmology, cardiology, and pulmonary disease segments, serving global patient populations with rare and common hard-to-treat conditions.
BTM vs FDMT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $85.1M |
| Net Profit | $5.5M | $19.4M |
| Gross Margin | — | — |
| Operating Margin | 7.3% | 17.3% |
| Net Margin | 3.4% | 22.8% |
| Revenue YoY | 20.1% | 8508900.0% |
| Net Profit YoY | 690.4% | 139.1% |
| EPS (diluted) | $0.08 | $0.43 |
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 | — | $85.1M | ||
| Q3 25 | $162.5M | $90.0K | ||
| Q2 25 | $172.1M | $15.0K | ||
| Q1 25 | $164.2M | $14.0K | ||
| Q4 24 | — | $1.0K | ||
| Q3 24 | $135.3M | $3.0K | ||
| Q2 24 | $163.1M | $5.0K | ||
| Q1 24 | $138.5M | $28.0K |
| Q4 25 | — | $19.4M | ||
| Q3 25 | $5.5M | $-56.9M | ||
| Q2 25 | $6.1M | $-54.7M | ||
| Q1 25 | $4.2M | $-48.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-939.0K | $-43.8M | ||
| Q2 24 | $-2.6M | $-35.0M | ||
| Q1 24 | $-1.5M | $-32.4M |
| Q4 25 | — | 17.3% | ||
| Q3 25 | 7.3% | -67983.3% | ||
| Q2 25 | 9.2% | -396373.3% | ||
| Q1 25 | 10.8% | -383007.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.1% | -1704400.0% | ||
| Q2 24 | 4.7% | -849120.0% | ||
| Q1 24 | 0.5% | -136200.0% |
| Q4 25 | — | 22.8% | ||
| Q3 25 | 3.4% | -63195.6% | ||
| Q2 25 | 3.5% | -364386.7% | ||
| Q1 25 | 2.6% | -342657.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.7% | -1461433.3% | ||
| Q2 24 | -1.6% | -699060.0% | ||
| Q1 24 | -1.1% | -115717.9% |
| Q4 25 | — | $0.43 | ||
| Q3 25 | $0.08 | $-1.01 | ||
| Q2 25 | $0.16 | $-0.98 | ||
| Q1 25 | $0.20 | $-0.86 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.05 | $-0.79 | ||
| Q2 24 | $-0.13 | $-0.63 | ||
| Q1 24 | $-0.25 | $-0.66 |
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 | $402.7M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $505.7M |
| Total Assets | $125.3M | $566.7M |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $402.7M | ||
| Q3 25 | $59.3M | $305.1M | ||
| Q2 25 | $48.0M | $293.2M | ||
| Q1 25 | $35.0M | $321.4M | ||
| Q4 24 | — | $424.9M | ||
| Q3 24 | $32.2M | $501.9M | ||
| Q2 24 | $43.9M | $541.9M | ||
| Q1 24 | $42.2M | $525.9M |
| Q4 25 | — | — | ||
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $41.2M | — | ||
| Q1 24 | $37.6M | — |
| Q4 25 | — | $505.7M | ||
| Q3 25 | $21.0M | $369.0M | ||
| Q2 25 | $4.7M | $420.9M | ||
| Q1 25 | $-4.6M | $469.7M | ||
| Q4 24 | — | $510.6M | ||
| Q3 24 | $-7.9M | $552.9M | ||
| Q2 24 | $4.4M | $588.3M | ||
| Q1 24 | $5.0M | $600.6M |
| Q4 25 | — | $566.7M | ||
| Q3 25 | $125.3M | $424.0M | ||
| Q2 25 | $109.1M | $473.6M | ||
| Q1 25 | $89.7M | $515.7M | ||
| Q4 24 | — | $560.4M | ||
| Q3 24 | $87.4M | $604.0M | ||
| Q2 24 | $97.5M | $620.1M | ||
| Q1 24 | $90.1M | $629.9M |
| Q4 25 | — | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $28.6M |
| Free Cash FlowOCF − Capex | $2.5M | $28.5M |
| FCF MarginFCF / Revenue | 1.6% | 33.5% |
| Capex IntensityCapex / Revenue | 2.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.20× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $-109.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.6M | ||
| Q3 25 | $6.6M | $-46.5M | ||
| Q2 25 | $10.2M | $-43.4M | ||
| Q1 25 | $16.3M | $-47.8M | ||
| Q4 24 | — | $-134.6M | ||
| Q3 24 | $5.8M | $-29.4M | ||
| Q2 24 | $10.1M | $-30.2M | ||
| Q1 24 | $1.3M | $-29.1M |
| Q4 25 | — | $28.5M | ||
| Q3 25 | $2.5M | $-46.6M | ||
| Q2 25 | $9.8M | $-43.4M | ||
| Q1 25 | $15.9M | $-48.4M | ||
| Q4 24 | — | $-138.4M | ||
| Q3 24 | $-1.0M | $-31.2M | ||
| Q2 24 | $7.6M | $-30.6M | ||
| Q1 24 | $789.0K | $-29.8M |
| Q4 25 | — | 33.5% | ||
| Q3 25 | 1.6% | -51765.6% | ||
| Q2 25 | 5.7% | -289620.0% | ||
| Q1 25 | 9.7% | -345635.7% | ||
| Q4 24 | — | -13837100.0% | ||
| Q3 24 | -0.8% | -1038966.7% | ||
| Q2 24 | 4.7% | -611840.0% | ||
| Q1 24 | 0.6% | -106421.4% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 2.5% | 101.1% | ||
| Q2 25 | 0.2% | 440.0% | ||
| Q1 25 | 0.2% | 4507.1% | ||
| Q4 24 | — | 378600.0% | ||
| Q3 24 | 5.0% | 59266.7% | ||
| Q2 24 | 1.5% | 6980.0% | ||
| Q1 24 | 0.4% | 2535.7% |
| Q4 25 | — | 1.47× | ||
| 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.
