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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and LIVE VENTURES Inc (LIVE). Click either name above to swap in a different company.

Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $108.5M, roughly 1.5× LIVE VENTURES Inc). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -0.1%, a 3.5% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs -2.7%). LIVE VENTURES Inc produced more free cash flow last quarter ($8.5M vs $2.5M). Over the past eight quarters, LIVE VENTURES Inc's revenue compounded faster (-4.3% 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.

Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It continues to operate both brands as subsidiary companies, promoting and managing ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.

BTM vs LIVE — Head-to-Head

Bigger by revenue
BTM
BTM
1.5× larger
BTM
$162.5M
$108.5M
LIVE
Growing faster (revenue YoY)
BTM
BTM
+22.8% gap
BTM
20.1%
-2.7%
LIVE
Higher net margin
BTM
BTM
3.5% more per $
BTM
3.4%
-0.1%
LIVE
More free cash flow
LIVE
LIVE
$6.0M more FCF
LIVE
$8.5M
$2.5M
BTM
Faster 2-yr revenue CAGR
LIVE
LIVE
Annualised
LIVE
-4.3%
-4.9%
BTM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BTM
BTM
LIVE
LIVE
Revenue
$162.5M
$108.5M
Net Profit
$5.5M
$-64.0K
Gross Margin
32.6%
Operating Margin
7.3%
3.2%
Net Margin
3.4%
-0.1%
Revenue YoY
20.1%
-2.7%
Net Profit YoY
690.4%
-113.0%
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.

Revenue
BTM
BTM
LIVE
LIVE
Q4 25
$108.5M
Q3 25
$162.5M
$113.9M
Q2 25
$172.1M
$112.5M
Q1 25
$164.2M
$107.0M
Q4 24
$111.5M
Q3 24
$135.3M
$112.7M
Q2 24
$163.1M
$123.9M
Q1 24
$138.5M
$118.6M
Net Profit
BTM
BTM
LIVE
LIVE
Q4 25
$-64.0K
Q3 25
$5.5M
$997.0K
Q2 25
$6.1M
$5.4M
Q1 25
$4.2M
$15.9M
Q4 24
$492.0K
Q3 24
$-939.0K
$-19.9M
Q2 24
$-2.6M
$-2.9M
Q1 24
$-1.5M
$-3.3M
Gross Margin
BTM
BTM
LIVE
LIVE
Q4 25
32.6%
Q3 25
32.4%
Q2 25
34.0%
Q1 25
32.8%
Q4 24
31.7%
Q3 24
31.9%
Q2 24
29.9%
Q1 24
29.9%
Operating Margin
BTM
BTM
LIVE
LIVE
Q4 25
3.2%
Q3 25
7.3%
3.3%
Q2 25
9.2%
7.1%
Q1 25
10.8%
2.0%
Q4 24
0.7%
Q3 24
4.1%
-15.5%
Q2 24
4.7%
0.9%
Q1 24
0.5%
-0.7%
Net Margin
BTM
BTM
LIVE
LIVE
Q4 25
-0.1%
Q3 25
3.4%
0.9%
Q2 25
3.5%
4.8%
Q1 25
2.6%
14.8%
Q4 24
0.4%
Q3 24
-0.7%
-17.6%
Q2 24
-1.6%
-2.3%
Q1 24
-1.1%
-2.8%
EPS (diluted)
BTM
BTM
LIVE
LIVE
Q4 25
$-0.02
Q3 25
$0.08
$-1.52
Q2 25
$0.16
$1.24
Q1 25
$0.20
$5.05
Q4 24
$0.16
Q3 24
$-0.05
$-6.31
Q2 24
$-0.13
$-0.91
Q1 24
$-0.25
$-1.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BTM
BTM
LIVE
LIVE
Cash + ST InvestmentsLiquidity on hand
$59.3M
Total DebtLower is stronger
$67.5M
Stockholders' EquityBook value
$21.0M
$95.3M
Total Assets
$125.3M
$389.2M
Debt / EquityLower = less leverage
3.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTM
BTM
LIVE
LIVE
Q4 25
Q3 25
$59.3M
Q2 25
$48.0M
Q1 25
$35.0M
Q4 24
Q3 24
$32.2M
Q2 24
$43.9M
Q1 24
$42.2M
Total Debt
BTM
BTM
LIVE
LIVE
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
Stockholders' Equity
BTM
BTM
LIVE
LIVE
Q4 25
$95.3M
Q3 25
$21.0M
$95.3M
Q2 25
$4.7M
$94.3M
Q1 25
$-4.6M
$88.9M
Q4 24
$73.3M
Q3 24
$-7.9M
$72.9M
Q2 24
$4.4M
$92.7M
Q1 24
$5.0M
$95.9M
Total Assets
BTM
BTM
LIVE
LIVE
Q4 25
$389.2M
Q3 25
$125.3M
$386.4M
Q2 25
$109.1M
$387.5M
Q1 25
$89.7M
$393.6M
Q4 24
$395.5M
Q3 24
$87.4M
$407.5M
Q2 24
$97.5M
$436.8M
Q1 24
$90.1M
$433.9M
Debt / Equity
BTM
BTM
LIVE
LIVE
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
BTM
BTM
LIVE
LIVE
Operating Cash FlowLast quarter
$6.6M
$9.8M
Free Cash FlowOCF − Capex
$2.5M
$8.5M
FCF MarginFCF / Revenue
1.6%
7.8%
Capex IntensityCapex / Revenue
2.5%
1.2%
Cash ConversionOCF / Net Profit
1.20×
TTM Free Cash FlowTrailing 4 quarters
$27.1M
$21.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTM
BTM
LIVE
LIVE
Q4 25
$9.8M
Q3 25
$6.6M
$6.8M
Q2 25
$10.2M
$12.3M
Q1 25
$16.3M
$231.0K
Q4 24
$9.4M
Q3 24
$5.8M
$6.7M
Q2 24
$10.1M
$11.7M
Q1 24
$1.3M
$-5.7M
Free Cash Flow
BTM
BTM
LIVE
LIVE
Q4 25
$8.5M
Q3 25
$2.5M
$4.8M
Q2 25
$9.8M
$10.8M
Q1 25
$15.9M
$-2.3M
Q4 24
$7.6M
Q3 24
$-1.0M
$3.3M
Q2 24
$7.6M
$10.1M
Q1 24
$789.0K
$-7.5M
FCF Margin
BTM
BTM
LIVE
LIVE
Q4 25
7.8%
Q3 25
1.6%
4.2%
Q2 25
5.7%
9.6%
Q1 25
9.7%
-2.1%
Q4 24
6.8%
Q3 24
-0.8%
2.9%
Q2 24
4.7%
8.2%
Q1 24
0.6%
-6.3%
Capex Intensity
BTM
BTM
LIVE
LIVE
Q4 25
1.2%
Q3 25
2.5%
1.7%
Q2 25
0.2%
1.3%
Q1 25
0.2%
2.3%
Q4 24
1.6%
Q3 24
5.0%
3.1%
Q2 24
1.5%
1.3%
Q1 24
0.4%
1.4%
Cash Conversion
BTM
BTM
LIVE
LIVE
Q4 25
Q3 25
1.20×
6.78×
Q2 25
1.67×
2.28×
Q1 25
3.88×
0.01×
Q4 24
19.11×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BTM
BTM

Segment breakdown not available.

LIVE
LIVE

Steel Manufacturing Segment$31.9M29%
Flooring Manufacturing Segment$28.9M27%
Retail Flooring Segment$25.3M23%
Retail Entertainment Segment$23.6M22%

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