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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $131.8M, roughly 1.2× Loar Holdings Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs 3.4%, a 6.1% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 19.3%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% 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.
BTM vs LOAR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $131.8M |
| Net Profit | $5.5M | $12.5M |
| Gross Margin | — | 52.1% |
| Operating Margin | 7.3% | 18.0% |
| Net Margin | 3.4% | 9.5% |
| Revenue YoY | 20.1% | 19.3% |
| Net Profit YoY | 690.4% | 239.5% |
| EPS (diluted) | $0.08 | $0.13 |
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 | — | $131.8M | ||
| Q3 25 | $162.5M | $126.8M | ||
| Q2 25 | $172.1M | $123.1M | ||
| Q1 25 | $164.2M | $114.7M | ||
| Q4 24 | — | $110.4M | ||
| Q3 24 | $135.3M | $103.5M | ||
| Q2 24 | $163.1M | $97.0M | ||
| Q1 24 | $138.5M | $91.8M |
| Q4 25 | — | $12.5M | ||
| Q3 25 | $5.5M | $27.6M | ||
| Q2 25 | $6.1M | $16.7M | ||
| Q1 25 | $4.2M | $15.3M | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | $-939.0K | $8.7M | ||
| Q2 24 | $-2.6M | $7.6M | ||
| Q1 24 | $-1.5M | $2.2M |
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 53.8% | ||
| Q1 25 | — | 52.1% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 49.0% | ||
| Q1 24 | — | 48.4% |
| Q4 25 | — | 18.0% | ||
| Q3 25 | 7.3% | 22.9% | ||
| Q2 25 | 9.2% | 22.2% | ||
| Q1 25 | 10.8% | 22.8% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | 4.1% | 22.1% | ||
| Q2 24 | 4.7% | 22.9% | ||
| Q1 24 | 0.5% | 23.3% |
| Q4 25 | — | 9.5% | ||
| Q3 25 | 3.4% | 21.8% | ||
| Q2 25 | 3.5% | 13.6% | ||
| Q1 25 | 2.6% | 13.4% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | -0.7% | 8.4% | ||
| Q2 24 | -1.6% | 7.9% | ||
| Q1 24 | -1.1% | 2.4% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | $0.08 | $0.29 | ||
| Q2 25 | $0.16 | $0.17 | ||
| Q1 25 | $0.20 | $0.16 | ||
| Q4 24 | — | $-11023.48 | ||
| Q3 24 | $-0.05 | $0.09 | ||
| Q2 24 | $-0.13 | $0.09 | ||
| Q1 24 | $-0.25 | $11023.54 |
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 | $84.8M |
| Total DebtLower is stronger | $67.5M | $715.7M |
| Stockholders' EquityBook value | $21.0M | $1.2B |
| Total Assets | $125.3M | $2.0B |
| Debt / EquityLower = less leverage | 3.21× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $84.8M | ||
| Q3 25 | $59.3M | $99.0M | ||
| Q2 25 | $48.0M | $103.3M | ||
| Q1 25 | $35.0M | $80.5M | ||
| Q4 24 | — | $54.1M | ||
| Q3 24 | $32.2M | $55.2M | ||
| Q2 24 | $43.9M | $73.2M | ||
| Q1 24 | $42.2M | $28.2M |
| Q4 25 | — | $715.7M | ||
| Q3 25 | $67.5M | $279.4M | ||
| Q2 25 | $66.5M | $277.7M | ||
| Q1 25 | $56.2M | $277.5M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | $44.5M | $602.1M | ||
| Q2 24 | $41.2M | $250.7M | ||
| Q1 24 | $37.6M | $534.2M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $21.0M | $1.2B | ||
| Q2 25 | $4.7M | $1.1B | ||
| Q1 25 | $-4.6M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $-7.9M | $769.8M | ||
| Q2 24 | $4.4M | $758.4M | ||
| Q1 24 | $5.0M | $420.6M |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $125.3M | $1.5B | ||
| Q2 25 | $109.1M | $1.5B | ||
| Q1 25 | $89.7M | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $87.4M | $1.5B | ||
| Q2 24 | $97.5M | $1.1B | ||
| Q1 24 | $90.1M | $1.1B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | 3.21× | 0.24× | ||
| Q2 25 | 14.18× | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | 9.27× | 0.33× | ||
| Q1 24 | 7.54× | 1.27× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | $2.5M | — |
| FCF MarginFCF / Revenue | 1.6% | — |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | 1.20× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $30.4M | ||
| Q3 25 | $6.6M | $29.7M | ||
| Q2 25 | $10.2M | $23.8M | ||
| Q1 25 | $16.3M | $28.4M | ||
| Q4 24 | — | $20.7M | ||
| Q3 24 | $5.8M | $16.3M | ||
| Q2 24 | $10.1M | $7.1M | ||
| Q1 24 | $1.3M | $10.8M |
| Q4 25 | — | — | ||
| Q3 25 | $2.5M | — | ||
| Q2 25 | $9.8M | — | ||
| Q1 25 | $15.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-1.0M | — | ||
| Q2 24 | $7.6M | — | ||
| Q1 24 | $789.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 5.7% | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.8% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 0.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 0.4% | — |
| Q4 25 | — | 2.43× | ||
| Q3 25 | 1.20× | 1.08× | ||
| Q2 25 | 1.67× | 1.42× | ||
| Q1 25 | 3.88× | 1.85× | ||
| Q4 24 | — | 5.62× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | — | 0.93× | ||
| Q1 24 | — | 4.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
