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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Fastly, Inc. (FSLY). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($172.6M vs $162.5M, roughly 1.1× Bitcoin Depot Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -9.0%, a 12.4% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs 20.1%). Fastly, Inc. produced more free cash flow last quarter ($12.2M vs $2.5M). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% 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.
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
BTM vs FSLY — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $172.6M |
| Net Profit | $5.5M | $-15.5M |
| Gross Margin | — | 61.4% |
| Operating Margin | 7.3% | -8.7% |
| Net Margin | 3.4% | -9.0% |
| Revenue YoY | 20.1% | 22.8% |
| Net Profit YoY | 690.4% | 52.9% |
| EPS (diluted) | $0.08 | $-0.10 |
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 | — | $172.6M | ||
| Q3 25 | $162.5M | $158.2M | ||
| Q2 25 | $172.1M | $148.7M | ||
| Q1 25 | $164.2M | $144.5M | ||
| Q4 24 | — | $140.6M | ||
| Q3 24 | $135.3M | $137.2M | ||
| Q2 24 | $163.1M | $132.4M | ||
| Q1 24 | $138.5M | $133.5M |
| Q4 25 | — | $-15.5M | ||
| Q3 25 | $5.5M | $-29.5M | ||
| Q2 25 | $6.1M | $-37.5M | ||
| Q1 25 | $4.2M | $-39.1M | ||
| Q4 24 | — | $-32.9M | ||
| Q3 24 | $-939.0K | $-38.0M | ||
| Q2 24 | $-2.6M | $-43.7M | ||
| Q1 24 | $-1.5M | $-43.4M |
| Q4 25 | — | 61.4% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 54.5% | ||
| Q1 25 | — | 53.2% | ||
| Q4 24 | — | 53.4% | ||
| Q3 24 | — | 54.5% | ||
| Q2 24 | — | 55.1% | ||
| Q1 24 | — | 54.8% |
| Q4 25 | — | -8.7% | ||
| Q3 25 | 7.3% | -18.2% | ||
| Q2 25 | 9.2% | -24.8% | ||
| Q1 25 | 10.8% | -26.4% | ||
| Q4 24 | — | -24.4% | ||
| Q3 24 | 4.1% | -29.6% | ||
| Q2 24 | 4.7% | -35.3% | ||
| Q1 24 | 0.5% | -34.6% |
| Q4 25 | — | -9.0% | ||
| Q3 25 | 3.4% | -18.6% | ||
| Q2 25 | 3.5% | -25.2% | ||
| Q1 25 | 2.6% | -27.1% | ||
| Q4 24 | — | -23.4% | ||
| Q3 24 | -0.7% | -27.7% | ||
| Q2 24 | -1.6% | -33.0% | ||
| Q1 24 | -1.1% | -32.5% |
| Q4 25 | — | $-0.10 | ||
| Q3 25 | $0.08 | $-0.20 | ||
| Q2 25 | $0.16 | $-0.26 | ||
| Q1 25 | $0.20 | $-0.27 | ||
| Q4 24 | — | $-0.23 | ||
| Q3 24 | $-0.05 | $-0.27 | ||
| Q2 24 | $-0.13 | $-0.32 | ||
| Q1 24 | $-0.25 | $-0.32 |
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 | $361.8M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $929.6M |
| Total Assets | $125.3M | $1.5B |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $361.8M | ||
| Q3 25 | $59.3M | $342.9M | ||
| Q2 25 | $48.0M | $321.2M | ||
| Q1 25 | $35.0M | $307.3M | ||
| Q4 24 | — | $295.9M | ||
| Q3 24 | $32.2M | $308.2M | ||
| Q2 24 | $43.9M | $311.8M | ||
| Q1 24 | $42.2M | $329.5M |
| 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 | — | $929.6M | ||
| Q3 25 | $21.0M | $937.0M | ||
| Q2 25 | $4.7M | $942.6M | ||
| Q1 25 | $-4.6M | $957.0M | ||
| Q4 24 | — | $965.3M | ||
| Q3 24 | $-7.9M | $969.5M | ||
| Q2 24 | $4.4M | $981.2M | ||
| Q1 24 | $5.0M | $991.8M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $125.3M | $1.5B | ||
| Q2 25 | $109.1M | $1.5B | ||
| Q1 25 | $89.7M | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $87.4M | $1.5B | ||
| Q2 24 | $97.5M | $1.5B | ||
| Q1 24 | $90.1M | $1.5B |
| 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 | $22.4M |
| Free Cash FlowOCF − Capex | $2.5M | $12.2M |
| FCF MarginFCF / Revenue | 1.6% | 7.1% |
| Capex IntensityCapex / Revenue | 2.5% | 5.9% |
| Cash ConversionOCF / Net Profit | 1.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $65.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.4M | ||
| Q3 25 | $6.6M | $28.9M | ||
| Q2 25 | $10.2M | $25.8M | ||
| Q1 25 | $16.3M | $17.3M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | $5.8M | $5.0M | ||
| Q2 24 | $10.1M | $-4.9M | ||
| Q1 24 | $1.3M | $11.1M |
| Q4 25 | — | $12.2M | ||
| Q3 25 | $2.5M | $22.9M | ||
| Q2 25 | $9.8M | $15.9M | ||
| Q1 25 | $15.9M | $14.7M | ||
| Q4 24 | — | $251.0K | ||
| Q3 24 | $-1.0M | $3.0M | ||
| Q2 24 | $7.6M | $-6.7M | ||
| Q1 24 | $789.0K | $9.5M |
| Q4 25 | — | 7.1% | ||
| Q3 25 | 1.6% | 14.5% | ||
| Q2 25 | 5.7% | 10.7% | ||
| Q1 25 | 9.7% | 10.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | -0.8% | 2.2% | ||
| Q2 24 | 4.7% | -5.1% | ||
| Q1 24 | 0.6% | 7.1% |
| Q4 25 | — | 5.9% | ||
| Q3 25 | 2.5% | 3.8% | ||
| Q2 25 | 0.2% | 6.6% | ||
| Q1 25 | 0.2% | 1.8% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | 5.0% | 1.5% | ||
| Q2 24 | 1.5% | 1.3% | ||
| Q1 24 | 0.4% | 1.2% |
| 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.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
