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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $105.1M, roughly 1.5× OLAPLEX HOLDINGS, INC.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -12.5%, a 15.9% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $2.5M). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% 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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
BTM vs OLPX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $105.1M |
| Net Profit | $5.5M | $-13.1M |
| Gross Margin | — | 68.0% |
| Operating Margin | 7.3% | -4.3% |
| Net Margin | 3.4% | -12.5% |
| Revenue YoY | 20.1% | 4.3% |
| Net Profit YoY | 690.4% | -48.9% |
| 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 | — | $105.1M | ||
| Q3 25 | $162.5M | $114.6M | ||
| Q2 25 | $172.1M | $106.3M | ||
| Q1 25 | $164.2M | $97.0M | ||
| Q4 24 | — | $100.7M | ||
| Q3 24 | $135.3M | $119.1M | ||
| Q2 24 | $163.1M | $103.9M | ||
| Q1 24 | $138.5M | $98.9M |
| Q4 25 | — | $-13.1M | ||
| Q3 25 | $5.5M | $11.1M | ||
| Q2 25 | $6.1M | $-7.7M | ||
| Q1 25 | $4.2M | $465.0K | ||
| Q4 24 | — | $-8.8M | ||
| Q3 24 | $-939.0K | $14.8M | ||
| Q2 24 | $-2.6M | $5.8M | ||
| Q1 24 | $-1.5M | $7.7M |
| Q4 25 | — | 68.0% | ||
| Q3 25 | — | 69.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 69.5% | ||
| Q4 24 | — | 66.3% | ||
| Q3 24 | — | 68.6% | ||
| Q2 24 | — | 69.7% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | — | -4.3% | ||
| Q3 25 | 7.3% | 3.7% | ||
| Q2 25 | 9.2% | -1.1% | ||
| Q1 25 | 10.8% | 8.7% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 4.1% | 23.5% | ||
| Q2 24 | 4.7% | 15.7% | ||
| Q1 24 | 0.5% | 19.8% |
| Q4 25 | — | -12.5% | ||
| Q3 25 | 3.4% | 9.7% | ||
| Q2 25 | 3.5% | -7.3% | ||
| Q1 25 | 2.6% | 0.5% | ||
| Q4 24 | — | -8.7% | ||
| Q3 24 | -0.7% | 12.4% | ||
| Q2 24 | -1.6% | 5.6% | ||
| Q1 24 | -1.1% | 7.8% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $0.08 | $0.02 | ||
| Q2 25 | $0.16 | $-0.01 | ||
| Q1 25 | $0.20 | $0.00 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | $-0.05 | $0.02 | ||
| Q2 24 | $-0.13 | $0.01 | ||
| Q1 24 | $-0.25 | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | $67.5M | $352.3M |
| Stockholders' EquityBook value | $21.0M | $879.4M |
| Total Assets | $125.3M | $1.5B |
| Debt / EquityLower = less leverage | 3.21× | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $318.7M | ||
| Q3 25 | $59.3M | $286.4M | ||
| Q2 25 | $48.0M | $289.3M | ||
| Q1 25 | $35.0M | $580.9M | ||
| Q4 24 | — | $586.0M | ||
| Q3 24 | $32.2M | $538.8M | ||
| Q2 24 | $43.9M | $507.9M | ||
| Q1 24 | $42.2M | $507.5M |
| Q4 25 | — | $352.3M | ||
| Q3 25 | $67.5M | $352.1M | ||
| Q2 25 | $66.5M | $351.9M | ||
| Q1 25 | $56.2M | $649.1M | ||
| Q4 24 | — | $650.5M | ||
| Q3 24 | $44.5M | $651.8M | ||
| Q2 24 | $41.2M | $653.1M | ||
| Q1 24 | $37.6M | $654.4M |
| Q4 25 | — | $879.4M | ||
| Q3 25 | $21.0M | $888.7M | ||
| Q2 25 | $4.7M | $874.2M | ||
| Q1 25 | $-4.6M | $878.3M | ||
| Q4 24 | — | $874.4M | ||
| Q3 24 | $-7.9M | $879.7M | ||
| Q2 24 | $4.4M | $863.3M | ||
| Q1 24 | $5.0M | $855.7M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $125.3M | $1.5B | ||
| Q2 25 | $109.1M | $1.5B | ||
| Q1 25 | $89.7M | $1.8B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $87.4M | $1.8B | ||
| Q2 24 | $97.5M | $1.8B | ||
| Q1 24 | $90.1M | $1.8B |
| Q4 25 | — | 0.40× | ||
| Q3 25 | 3.21× | 0.40× | ||
| Q2 25 | 14.18× | 0.40× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | 9.27× | 0.76× | ||
| Q1 24 | 7.54× | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $2.5M | $32.6M |
| FCF MarginFCF / Revenue | 1.6% | 31.0% |
| Capex IntensityCapex / Revenue | 2.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $32.7M | ||
| Q3 25 | $6.6M | $8.0M | ||
| Q2 25 | $10.2M | $20.9M | ||
| Q1 25 | $16.3M | $-2.9M | ||
| Q4 24 | — | $49.7M | ||
| Q3 24 | $5.8M | $33.5M | ||
| Q2 24 | $10.1M | $16.2M | ||
| Q1 24 | $1.3M | $43.7M |
| Q4 25 | — | $32.6M | ||
| Q3 25 | $2.5M | $7.9M | ||
| Q2 25 | $9.8M | $20.8M | ||
| Q1 25 | $15.9M | $-3.0M | ||
| Q4 24 | — | $49.2M | ||
| Q3 24 | $-1.0M | $33.3M | ||
| Q2 24 | $7.6M | $16.1M | ||
| Q1 24 | $789.0K | $43.3M |
| Q4 25 | — | 31.0% | ||
| Q3 25 | 1.6% | 6.9% | ||
| Q2 25 | 5.7% | 19.6% | ||
| Q1 25 | 9.7% | -3.1% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | -0.8% | 28.0% | ||
| Q2 24 | 4.7% | 15.5% | ||
| Q1 24 | 0.6% | 43.7% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 2.5% | 0.1% | ||
| Q2 25 | 0.2% | 0.1% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 5.0% | 0.1% | ||
| Q2 24 | 1.5% | 0.1% | ||
| Q1 24 | 0.4% | 0.5% |
| Q4 25 | — | — | ||
| Q3 25 | 1.20× | 0.72× | ||
| Q2 25 | 1.67× | — | ||
| Q1 25 | 3.88× | -6.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.26× | ||
| Q2 24 | — | 2.81× | ||
| Q1 24 | — | 5.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
