vs
Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and IMAX CORP (IMAX). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $125.2M, roughly 1.3× IMAX CORP). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs 0.5%, a 2.9% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 20.1%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $2.5M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% 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.
IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.
BTM vs IMAX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $125.2M |
| Net Profit | $5.5M | $637.0K |
| Gross Margin | — | 57.6% |
| Operating Margin | 7.3% | 19.3% |
| Net Margin | 3.4% | 0.5% |
| Revenue YoY | 20.1% | 35.1% |
| Net Profit YoY | 690.4% | -88.0% |
| EPS (diluted) | $0.08 | $0.02 |
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 | — | $125.2M | ||
| Q3 25 | $162.5M | $106.7M | ||
| Q2 25 | $172.1M | $91.7M | ||
| Q1 25 | $164.2M | $86.7M | ||
| Q4 24 | — | $92.7M | ||
| Q3 24 | $135.3M | $91.5M | ||
| Q2 24 | $163.1M | $89.0M | ||
| Q1 24 | $138.5M | $79.1M |
| Q4 25 | — | $637.0K | ||
| Q3 25 | $5.5M | $20.7M | ||
| Q2 25 | $6.1M | $11.3M | ||
| Q1 25 | $4.2M | $2.3M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | $-939.0K | $13.9M | ||
| Q2 24 | $-2.6M | $3.6M | ||
| Q1 24 | $-1.5M | $3.3M |
| Q4 25 | — | 57.6% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 58.5% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | — | 55.8% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 59.3% |
| Q4 25 | — | 19.3% | ||
| Q3 25 | 7.3% | 27.2% | ||
| Q2 25 | 9.2% | 15.6% | ||
| Q1 25 | 10.8% | 19.3% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 4.1% | 21.2% | ||
| Q2 24 | 4.7% | 3.2% | ||
| Q1 24 | 0.5% | 15.3% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 3.4% | 19.4% | ||
| Q2 25 | 3.5% | 12.3% | ||
| Q1 25 | 2.6% | 2.7% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | -0.7% | 15.2% | ||
| Q2 24 | -1.6% | 4.0% | ||
| Q1 24 | -1.1% | 4.1% |
| Q4 25 | — | $0.02 | ||
| Q3 25 | $0.08 | $0.37 | ||
| Q2 25 | $0.16 | $0.20 | ||
| Q1 25 | $0.20 | $0.04 | ||
| Q4 24 | — | $0.09 | ||
| Q3 24 | $-0.05 | $0.26 | ||
| Q2 24 | $-0.13 | $0.07 | ||
| Q1 24 | $-0.25 | $0.06 |
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 | $151.2M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $337.9M |
| Total Assets | $125.3M | $894.0M |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $151.2M | ||
| Q3 25 | $59.3M | $143.1M | ||
| Q2 25 | $48.0M | $109.3M | ||
| Q1 25 | $35.0M | $97.1M | ||
| Q4 24 | — | $100.6M | ||
| Q3 24 | $32.2M | $104.5M | ||
| Q2 24 | $43.9M | $91.6M | ||
| Q1 24 | $42.2M | $81.0M |
| 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 | — | $337.9M | ||
| Q3 25 | $21.0M | $349.5M | ||
| Q2 25 | $4.7M | $320.4M | ||
| Q1 25 | $-4.6M | $299.5M | ||
| Q4 24 | — | $299.5M | ||
| Q3 24 | $-7.9M | $289.4M | ||
| Q2 24 | $4.4M | $267.2M | ||
| Q1 24 | $5.0M | $258.8M |
| Q4 25 | — | $894.0M | ||
| Q3 25 | $125.3M | $889.6M | ||
| Q2 25 | $109.1M | $868.6M | ||
| Q1 25 | $89.7M | $848.3M | ||
| Q4 24 | — | $830.4M | ||
| Q3 24 | $87.4M | $847.6M | ||
| Q2 24 | $97.5M | $827.4M | ||
| Q1 24 | $90.1M | $824.1M |
| 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 | $29.4M |
| Free Cash FlowOCF − Capex | $2.5M | $28.0M |
| FCF MarginFCF / Revenue | 1.6% | 22.3% |
| Capex IntensityCapex / Revenue | 2.5% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.20× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.4M | ||
| Q3 25 | $6.6M | $67.5M | ||
| Q2 25 | $10.2M | $23.2M | ||
| Q1 25 | $16.3M | $7.0M | ||
| Q4 24 | — | $11.5M | ||
| Q3 24 | $5.8M | $35.3M | ||
| Q2 24 | $10.1M | $35.0M | ||
| Q1 24 | $1.3M | $-11.0M |
| Q4 25 | — | $28.0M | ||
| Q3 25 | $2.5M | $64.8M | ||
| Q2 25 | $9.8M | $20.9M | ||
| Q1 25 | $15.9M | $5.3M | ||
| Q4 24 | — | $6.9M | ||
| Q3 24 | $-1.0M | $34.2M | ||
| Q2 24 | $7.6M | $33.5M | ||
| Q1 24 | $789.0K | $-12.1M |
| Q4 25 | — | 22.3% | ||
| Q3 25 | 1.6% | 60.7% | ||
| Q2 25 | 5.7% | 22.8% | ||
| Q1 25 | 9.7% | 6.1% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | -0.8% | 37.3% | ||
| Q2 24 | 4.7% | 37.6% | ||
| Q1 24 | 0.6% | -15.3% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 2.5% | 2.6% | ||
| Q2 25 | 0.2% | 2.6% | ||
| Q1 25 | 0.2% | 1.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | 5.0% | 1.2% | ||
| Q2 24 | 1.5% | 1.8% | ||
| Q1 24 | 0.4% | 1.4% |
| Q4 25 | — | 46.11× | ||
| Q3 25 | 1.20× | 3.27× | ||
| Q2 25 | 1.67× | 2.06× | ||
| Q1 25 | 3.88× | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | — | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
