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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.

Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $162.5M, roughly 1.9× Bitcoin Depot Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 3.4%, a 24.7% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 5.3%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $2.5M). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% 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.

Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.

BTM vs LOPE — Head-to-Head

Bigger by revenue
LOPE
LOPE
1.9× larger
LOPE
$308.1M
$162.5M
BTM
Growing faster (revenue YoY)
BTM
BTM
+14.8% gap
BTM
20.1%
5.3%
LOPE
Higher net margin
LOPE
LOPE
24.7% more per $
LOPE
28.1%
3.4%
BTM
More free cash flow
LOPE
LOPE
$120.3M more FCF
LOPE
$122.9M
$2.5M
BTM
Faster 2-yr revenue CAGR
LOPE
LOPE
Annualised
LOPE
5.9%
-4.9%
BTM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BTM
BTM
LOPE
LOPE
Revenue
$162.5M
$308.1M
Net Profit
$5.5M
$86.7M
Gross Margin
Operating Margin
7.3%
35.1%
Net Margin
3.4%
28.1%
Revenue YoY
20.1%
5.3%
Net Profit YoY
690.4%
5.9%
EPS (diluted)
$0.08
$3.13

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.

Revenue
BTM
BTM
LOPE
LOPE
Q4 25
$308.1M
Q3 25
$162.5M
$261.1M
Q2 25
$172.1M
$247.5M
Q1 25
$164.2M
$289.3M
Q4 24
$292.6M
Q3 24
$135.3M
$238.3M
Q2 24
$163.1M
$227.5M
Q1 24
$138.5M
$274.7M
Net Profit
BTM
BTM
LOPE
LOPE
Q4 25
$86.7M
Q3 25
$5.5M
$16.3M
Q2 25
$6.1M
$41.5M
Q1 25
$4.2M
$71.6M
Q4 24
$81.9M
Q3 24
$-939.0K
$41.5M
Q2 24
$-2.6M
$34.9M
Q1 24
$-1.5M
$68.0M
Operating Margin
BTM
BTM
LOPE
LOPE
Q4 25
35.1%
Q3 25
7.3%
6.9%
Q2 25
9.2%
20.9%
Q1 25
10.8%
30.4%
Q4 24
34.2%
Q3 24
4.1%
20.2%
Q2 24
4.7%
18.8%
Q1 24
0.5%
30.8%
Net Margin
BTM
BTM
LOPE
LOPE
Q4 25
28.1%
Q3 25
3.4%
6.2%
Q2 25
3.5%
16.8%
Q1 25
2.6%
24.8%
Q4 24
28.0%
Q3 24
-0.7%
17.4%
Q2 24
-1.6%
15.3%
Q1 24
-1.1%
24.8%
EPS (diluted)
BTM
BTM
LOPE
LOPE
Q4 25
$3.13
Q3 25
$0.08
$0.58
Q2 25
$0.16
$1.48
Q1 25
$0.20
$2.52
Q4 24
$2.83
Q3 24
$-0.05
$1.42
Q2 24
$-0.13
$1.19
Q1 24
$-0.25
$2.29

Balance Sheet & Financial Strength

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

Metric
BTM
BTM
LOPE
LOPE
Cash + ST InvestmentsLiquidity on hand
$59.3M
$111.8M
Total DebtLower is stronger
$67.5M
Stockholders' EquityBook value
$21.0M
$746.9M
Total Assets
$125.3M
$992.3M
Debt / EquityLower = less leverage
3.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTM
BTM
LOPE
LOPE
Q4 25
$111.8M
Q3 25
$59.3M
$97.3M
Q2 25
$48.0M
$192.3M
Q1 25
$35.0M
$144.5M
Q4 24
$324.6M
Q3 24
$32.2M
$263.6M
Q2 24
$43.9M
$241.3M
Q1 24
$42.2M
$196.2M
Total Debt
BTM
BTM
LOPE
LOPE
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
LOPE
LOPE
Q4 25
$746.9M
Q3 25
$21.0M
$758.0M
Q2 25
$4.7M
$778.0M
Q1 25
$-4.6M
$780.7M
Q4 24
$783.9M
Q3 24
$-7.9M
$764.1M
Q2 24
$4.4M
$759.2M
Q1 24
$5.0M
$759.4M
Total Assets
BTM
BTM
LOPE
LOPE
Q4 25
$992.3M
Q3 25
$125.3M
$1.0B
Q2 25
$109.1M
$1.0B
Q1 25
$89.7M
$1.0B
Q4 24
$1.0B
Q3 24
$87.4M
$992.9M
Q2 24
$97.5M
$992.7M
Q1 24
$90.1M
$1.0B
Debt / Equity
BTM
BTM
LOPE
LOPE
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
LOPE
LOPE
Operating Cash FlowLast quarter
$6.6M
$130.5M
Free Cash FlowOCF − Capex
$2.5M
$122.9M
FCF MarginFCF / Revenue
1.6%
39.9%
Capex IntensityCapex / Revenue
2.5%
2.5%
Cash ConversionOCF / Net Profit
1.20×
1.50×
TTM Free Cash FlowTrailing 4 quarters
$27.1M
$238.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTM
BTM
LOPE
LOPE
Q4 25
$130.5M
Q3 25
$6.6M
$-48.6M
Q2 25
$10.2M
$124.0M
Q1 25
$16.3M
$67.6M
Q4 24
$135.8M
Q3 24
$5.8M
$-29.4M
Q2 24
$10.1M
$98.6M
Q1 24
$1.3M
$85.0M
Free Cash Flow
BTM
BTM
LOPE
LOPE
Q4 25
$122.9M
Q3 25
$2.5M
$-58.3M
Q2 25
$9.8M
$115.4M
Q1 25
$15.9M
$58.7M
Q4 24
$126.1M
Q3 24
$-1.0M
$-39.0M
Q2 24
$7.6M
$89.6M
Q1 24
$789.0K
$76.0M
FCF Margin
BTM
BTM
LOPE
LOPE
Q4 25
39.9%
Q3 25
1.6%
-22.3%
Q2 25
5.7%
46.6%
Q1 25
9.7%
20.3%
Q4 24
43.1%
Q3 24
-0.8%
-16.3%
Q2 24
4.7%
39.4%
Q1 24
0.6%
27.7%
Capex Intensity
BTM
BTM
LOPE
LOPE
Q4 25
2.5%
Q3 25
2.5%
3.7%
Q2 25
0.2%
3.5%
Q1 25
0.2%
3.1%
Q4 24
3.3%
Q3 24
5.0%
4.0%
Q2 24
1.5%
3.9%
Q1 24
0.4%
3.3%
Cash Conversion
BTM
BTM
LOPE
LOPE
Q4 25
1.50×
Q3 25
1.20×
-2.99×
Q2 25
1.67×
2.98×
Q1 25
3.88×
0.94×
Q4 24
1.66×
Q3 24
-0.71×
Q2 24
2.83×
Q1 24
1.25×

Financial Flow Comparison

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

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