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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and HARROW, INC. (HROW). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $89.1M, roughly 1.8× HARROW, INC.). HARROW, INC. runs the higher net margin — 7.4% vs 3.4%, a 4.0% gap on every dollar of revenue. On growth, HARROW, INC. posted the faster year-over-year revenue change (33.3% vs 20.1%). HARROW, INC. produced more free cash flow last quarter ($8.1M vs $2.5M). Over the past eight quarters, HARROW, INC.'s revenue compounded faster (60.5% 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.
Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.
BTM vs HROW — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $89.1M |
| Net Profit | $5.5M | $6.6M |
| Gross Margin | — | 79.3% |
| Operating Margin | 7.3% | 17.5% |
| Net Margin | 3.4% | 7.4% |
| Revenue YoY | 20.1% | 33.3% |
| Net Profit YoY | 690.4% | -2.2% |
| EPS (diluted) | $0.08 | $0.20 |
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 | — | $89.1M | ||
| Q3 25 | $162.5M | $71.6M | ||
| Q2 25 | $172.1M | $63.7M | ||
| Q1 25 | $164.2M | $47.8M | ||
| Q4 24 | — | $66.8M | ||
| Q3 24 | $135.3M | $49.3M | ||
| Q2 24 | $163.1M | $48.9M | ||
| Q1 24 | $138.5M | $34.6M |
| Q4 25 | — | $6.6M | ||
| Q3 25 | $5.5M | $1.0M | ||
| Q2 25 | $6.1M | $5.0M | ||
| Q1 25 | $4.2M | $-17.8M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $-939.0K | $-4.2M | ||
| Q2 24 | $-2.6M | $-6.5M | ||
| Q1 24 | $-1.5M | $-13.6M |
| Q4 25 | — | 79.3% | ||
| Q3 25 | — | 75.3% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 67.5% | ||
| Q4 24 | — | 78.8% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 74.4% | ||
| Q1 24 | — | 69.5% |
| Q4 25 | — | 17.5% | ||
| Q3 25 | 7.3% | 20.6% | ||
| Q2 25 | 9.2% | 17.9% | ||
| Q1 25 | 10.8% | -23.5% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | 4.1% | 2.7% | ||
| Q2 24 | 4.7% | 3.1% | ||
| Q1 24 | 0.5% | -20.0% |
| Q4 25 | — | 7.4% | ||
| Q3 25 | 3.4% | 1.4% | ||
| Q2 25 | 3.5% | 7.8% | ||
| Q1 25 | 2.6% | -37.2% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | -0.7% | -8.6% | ||
| Q2 24 | -1.6% | -13.2% | ||
| Q1 24 | -1.1% | -39.2% |
| Q4 25 | — | $0.20 | ||
| Q3 25 | $0.08 | $0.03 | ||
| Q2 25 | $0.16 | $0.13 | ||
| Q1 25 | $0.20 | $-0.50 | ||
| Q4 24 | — | $0.19 | ||
| Q3 24 | $-0.05 | $-0.12 | ||
| Q2 24 | $-0.13 | $-0.18 | ||
| Q1 24 | $-0.25 | $-0.38 |
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 | $72.9M |
| Total DebtLower is stronger | $67.5M | $250.0M |
| Stockholders' EquityBook value | $21.0M | $52.4M |
| Total Assets | $125.3M | $399.5M |
| Debt / EquityLower = less leverage | 3.21× | 4.77× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $72.9M | ||
| Q3 25 | $59.3M | $74.3M | ||
| Q2 25 | $48.0M | $53.0M | ||
| Q1 25 | $35.0M | $66.7M | ||
| Q4 24 | — | $47.2M | ||
| Q3 24 | $32.2M | $72.6M | ||
| Q2 24 | $43.9M | $71.0M | ||
| Q1 24 | $42.2M | $76.0M |
| Q4 25 | — | $250.0M | ||
| Q3 25 | $67.5M | $347.2M | ||
| Q2 25 | $66.5M | $250.6M | ||
| Q1 25 | $56.2M | $256.9M | ||
| Q4 24 | — | $262.7M | ||
| Q3 24 | $44.5M | $230.7M | ||
| Q2 24 | $41.2M | $236.3M | ||
| Q1 24 | $37.6M | $243.4M |
| Q4 25 | — | $52.4M | ||
| Q3 25 | $21.0M | $47.0M | ||
| Q2 25 | $4.7M | $49.7M | ||
| Q1 25 | $-4.6M | $56.5M | ||
| Q4 24 | — | $69.7M | ||
| Q3 24 | $-7.9M | $58.0M | ||
| Q2 24 | $4.4M | $58.5M | ||
| Q1 24 | $5.0M | $60.6M |
| Q4 25 | — | $399.5M | ||
| Q3 25 | $125.3M | $363.1M | ||
| Q2 25 | $109.1M | $345.0M | ||
| Q1 25 | $89.7M | $364.2M | ||
| Q4 24 | — | $389.0M | ||
| Q3 24 | $87.4M | $351.5M | ||
| Q2 24 | $97.5M | $306.6M | ||
| Q1 24 | $90.1M | $295.5M |
| Q4 25 | — | 4.77× | ||
| Q3 25 | 3.21× | 7.39× | ||
| Q2 25 | 14.18× | 5.05× | ||
| Q1 25 | — | 4.55× | ||
| Q4 24 | — | 3.77× | ||
| Q3 24 | — | 3.98× | ||
| Q2 24 | 9.27× | 4.04× | ||
| Q1 24 | 7.54× | 4.02× |
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 | $8.4M |
| Free Cash FlowOCF − Capex | $2.5M | $8.1M |
| FCF MarginFCF / Revenue | 1.6% | 9.1% |
| Capex IntensityCapex / Revenue | 2.5% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.20× | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $43.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.4M | ||
| Q3 25 | $6.6M | $16.6M | ||
| Q2 25 | $10.2M | $-803.0K | ||
| Q1 25 | $16.3M | $19.7M | ||
| Q4 24 | — | $-17.8M | ||
| Q3 24 | $5.8M | $3.0M | ||
| Q2 24 | $10.1M | $-2.7M | ||
| Q1 24 | $1.3M | $-4.6M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | $2.5M | $16.4M | ||
| Q2 25 | $9.8M | $-969.0K | ||
| Q1 25 | $15.9M | $19.5M | ||
| Q4 24 | — | $-18.3M | ||
| Q3 24 | $-1.0M | $2.3M | ||
| Q2 24 | $7.6M | $-3.1M | ||
| Q1 24 | $789.0K | $-4.7M |
| Q4 25 | — | 9.1% | ||
| Q3 25 | 1.6% | 22.9% | ||
| Q2 25 | 5.7% | -1.5% | ||
| Q1 25 | 9.7% | 40.8% | ||
| Q4 24 | — | -27.4% | ||
| Q3 24 | -0.8% | 4.8% | ||
| Q2 24 | 4.7% | -6.3% | ||
| Q1 24 | 0.6% | -13.6% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 2.5% | 0.3% | ||
| Q2 25 | 0.2% | 0.3% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 5.0% | 1.2% | ||
| Q2 24 | 1.5% | 0.7% | ||
| Q1 24 | 0.4% | 0.3% |
| Q4 25 | — | 1.27× | ||
| Q3 25 | 1.20× | 16.26× | ||
| Q2 25 | 1.67× | -0.16× | ||
| Q1 25 | 3.88× | — | ||
| Q4 24 | — | -2.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
