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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and iRhythm Holdings, Inc. (IRTC). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $162.5M, roughly 1.3× Bitcoin Depot Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs 2.7%, a 0.7% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 20.1%). iRhythm Holdings, Inc. produced more free cash flow last quarter ($14.5M vs $2.5M). Over the past eight quarters, iRhythm Holdings, Inc.'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.
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
BTM vs IRTC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $208.9M |
| Net Profit | $5.5M | $5.6M |
| Gross Margin | — | 70.9% |
| Operating Margin | 7.3% | 1.1% |
| Net Margin | 3.4% | 2.7% |
| Revenue YoY | 20.1% | 27.1% |
| Net Profit YoY | 690.4% | 518.5% |
| EPS (diluted) | $0.08 | $0.18 |
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 | — | $208.9M | ||
| Q3 25 | $162.5M | $192.9M | ||
| Q2 25 | $172.1M | $186.7M | ||
| Q1 25 | $164.2M | $158.7M | ||
| Q4 24 | — | $164.3M | ||
| Q3 24 | $135.3M | $147.5M | ||
| Q2 24 | $163.1M | $148.0M | ||
| Q1 24 | $138.5M | $131.9M |
| Q4 25 | — | $5.6M | ||
| Q3 25 | $5.5M | $-5.2M | ||
| Q2 25 | $6.1M | $-14.2M | ||
| Q1 25 | $4.2M | $-30.7M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | $-939.0K | $-46.2M | ||
| Q2 24 | $-2.6M | $-20.1M | ||
| Q1 24 | $-1.5M | $-45.7M |
| Q4 25 | — | 70.9% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 68.8% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 68.8% | ||
| Q2 24 | — | 69.9% | ||
| Q1 24 | — | 66.3% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 7.3% | -4.4% | ||
| Q2 25 | 9.2% | -10.0% | ||
| Q1 25 | 10.8% | -20.5% | ||
| Q4 24 | — | -2.5% | ||
| Q3 24 | 4.1% | -34.1% | ||
| Q2 24 | 4.7% | -15.5% | ||
| Q1 24 | 0.5% | -28.9% |
| Q4 25 | — | 2.7% | ||
| Q3 25 | 3.4% | -2.7% | ||
| Q2 25 | 3.5% | -7.6% | ||
| Q1 25 | 2.6% | -19.3% | ||
| Q4 24 | — | -0.8% | ||
| Q3 24 | -0.7% | -31.3% | ||
| Q2 24 | -1.6% | -13.6% | ||
| Q1 24 | -1.1% | -34.6% |
| Q4 25 | — | $0.18 | ||
| Q3 25 | $0.08 | $-0.16 | ||
| Q2 25 | $0.16 | $-0.44 | ||
| Q1 25 | $0.20 | $-0.97 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | $-0.05 | $-1.48 | ||
| Q2 24 | $-0.13 | $-0.65 | ||
| Q1 24 | $-0.25 | $-1.47 |
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 | $583.8M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $152.7M |
| Total Assets | $125.3M | $1.0B |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $583.8M | ||
| Q3 25 | $59.3M | $565.2M | ||
| Q2 25 | $48.0M | $545.5M | ||
| Q1 25 | $35.0M | $520.6M | ||
| Q4 24 | — | $535.6M | ||
| Q3 24 | $32.2M | $522.0M | ||
| Q2 24 | $43.9M | $561.5M | ||
| Q1 24 | $42.2M | $569.1M |
| 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 | — | $152.7M | ||
| Q3 25 | $21.0M | $121.9M | ||
| Q2 25 | $4.7M | $103.7M | ||
| Q1 25 | $-4.6M | $86.7M | ||
| Q4 24 | — | $90.9M | ||
| Q3 24 | $-7.9M | $71.8M | ||
| Q2 24 | $4.4M | $99.2M | ||
| Q1 24 | $5.0M | $90.3M |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $125.3M | $995.2M | ||
| Q2 25 | $109.1M | $964.0M | ||
| Q1 25 | $89.7M | $926.1M | ||
| Q4 24 | — | $931.4M | ||
| Q3 24 | $87.4M | $909.7M | ||
| Q2 24 | $97.5M | $919.2M | ||
| Q1 24 | $90.1M | $909.8M |
| 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 | $26.2M |
| Free Cash FlowOCF − Capex | $2.5M | $14.5M |
| FCF MarginFCF / Revenue | 1.6% | 6.9% |
| Capex IntensityCapex / Revenue | 2.5% | 5.6% |
| Cash ConversionOCF / Net Profit | 1.20× | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $26.2M | ||
| Q3 25 | $6.6M | $34.9M | ||
| Q2 25 | $10.2M | $27.7M | ||
| Q1 25 | $16.3M | $-7.9M | ||
| Q4 24 | — | $19.2M | ||
| Q3 24 | $5.8M | $24.3M | ||
| Q2 24 | $10.1M | $11.8M | ||
| Q1 24 | $1.3M | $-52.0M |
| Q4 25 | — | $14.5M | ||
| Q3 25 | $2.5M | $20.1M | ||
| Q2 25 | $9.8M | $17.3M | ||
| Q1 25 | $15.9M | $-17.3M | ||
| Q4 24 | — | $12.4M | ||
| Q3 24 | $-1.0M | $15.5M | ||
| Q2 24 | $7.6M | $3.4M | ||
| Q1 24 | $789.0K | $-61.8M |
| Q4 25 | — | 6.9% | ||
| Q3 25 | 1.6% | 10.4% | ||
| Q2 25 | 5.7% | 9.3% | ||
| Q1 25 | 9.7% | -10.9% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | -0.8% | 10.5% | ||
| Q2 24 | 4.7% | 2.3% | ||
| Q1 24 | 0.6% | -46.8% |
| Q4 25 | — | 5.6% | ||
| Q3 25 | 2.5% | 7.7% | ||
| Q2 25 | 0.2% | 5.6% | ||
| Q1 25 | 0.2% | 5.9% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | 5.0% | 6.0% | ||
| Q2 24 | 1.5% | 5.7% | ||
| Q1 24 | 0.4% | 7.4% |
| Q4 25 | — | 4.70× | ||
| 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.
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
