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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and PAMT CORP (PAMT). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $141.3M, roughly 1.1× PAMT CORP). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -20.7%, a 24.1% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs -15.1%). Bitcoin Depot Inc. produced more free cash flow last quarter ($2.5M vs $-25.0M). Over the past eight quarters, Bitcoin Depot Inc.'s revenue compounded faster (-4.9% CAGR vs -12.0%).
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 PAMT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $141.3M |
| Net Profit | $5.5M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | 7.3% | -27.0% |
| Net Margin | 3.4% | -20.7% |
| Revenue YoY | 20.1% | -15.1% |
| Net Profit YoY | 690.4% | 7.4% |
| EPS (diluted) | $0.08 | $-1.38 |
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 | — | $141.3M | ||
| Q3 25 | $162.5M | $150.3M | ||
| Q2 25 | $172.1M | $151.1M | ||
| Q1 25 | $164.2M | $155.3M | ||
| Q4 24 | — | $166.5M | ||
| Q3 24 | $135.3M | $182.6M | ||
| Q2 24 | $163.1M | $182.9M | ||
| Q1 24 | $138.5M | $182.6M |
| Q4 25 | — | $-29.3M | ||
| Q3 25 | $5.5M | $-5.6M | ||
| Q2 25 | $6.1M | $-9.6M | ||
| Q1 25 | $4.2M | $-8.1M | ||
| Q4 24 | — | $-31.6M | ||
| Q3 24 | $-939.0K | $2.4M | ||
| Q2 24 | $-2.6M | $-2.9M | ||
| Q1 24 | $-1.5M | $281.0K |
| Q4 25 | — | -27.0% | ||
| Q3 25 | 7.3% | -3.8% | ||
| Q2 25 | 9.2% | -7.3% | ||
| Q1 25 | 10.8% | -5.9% | ||
| Q4 24 | — | -22.6% | ||
| Q3 24 | 4.1% | 1.3% | ||
| Q2 24 | 4.7% | -0.4% | ||
| Q1 24 | 0.5% | -0.4% |
| Q4 25 | — | -20.7% | ||
| Q3 25 | 3.4% | -3.7% | ||
| Q2 25 | 3.5% | -6.4% | ||
| Q1 25 | 2.6% | -5.2% | ||
| Q4 24 | — | -19.0% | ||
| Q3 24 | -0.7% | 1.3% | ||
| Q2 24 | -1.6% | -1.6% | ||
| Q1 24 | -1.1% | 0.2% |
| Q4 25 | — | $-1.38 | ||
| Q3 25 | $0.08 | $-0.27 | ||
| Q2 25 | $0.16 | $-0.46 | ||
| Q1 25 | $0.20 | $-0.37 | ||
| Q4 24 | — | $-1.44 | ||
| Q3 24 | $-0.05 | $0.11 | ||
| Q2 24 | $-0.13 | $-0.13 | ||
| 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 | $83.7M |
| Total DebtLower is stronger | $67.5M | $333.9M |
| Stockholders' EquityBook value | $21.0M | $210.5M |
| Total Assets | $125.3M | $697.9M |
| Debt / EquityLower = less leverage | 3.21× | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $83.7M | ||
| Q3 25 | $59.3M | $115.6M | ||
| Q2 25 | $48.0M | $117.3M | ||
| Q1 25 | $35.0M | $102.7M | ||
| Q4 24 | — | $110.7M | ||
| Q3 24 | $32.2M | $92.3M | ||
| Q2 24 | $43.9M | $114.0M | ||
| Q1 24 | $42.2M | $125.8M |
| Q4 25 | — | $333.9M | ||
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $41.2M | — | ||
| Q1 24 | $37.6M | — |
| Q4 25 | — | $210.5M | ||
| Q3 25 | $21.0M | $239.5M | ||
| Q2 25 | $4.7M | $244.9M | ||
| Q1 25 | $-4.6M | $269.6M | ||
| Q4 24 | — | $277.5M | ||
| Q3 24 | $-7.9M | $308.9M | ||
| Q2 24 | $4.4M | $306.7M | ||
| Q1 24 | $5.0M | $314.6M |
| Q4 25 | — | $697.9M | ||
| Q3 25 | $125.3M | $715.2M | ||
| Q2 25 | $109.1M | $707.9M | ||
| Q1 25 | $89.7M | $712.6M | ||
| Q4 24 | — | $741.7M | ||
| Q3 24 | $87.4M | $756.7M | ||
| Q2 24 | $97.5M | $733.5M | ||
| Q1 24 | $90.1M | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $2.5M | $-25.0M |
| FCF MarginFCF / Revenue | 1.6% | -17.7% |
| Capex IntensityCapex / Revenue | 2.5% | 13.6% |
| Cash ConversionOCF / Net Profit | 1.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-5.8M | ||
| Q3 25 | $6.6M | $5.9M | ||
| Q2 25 | $10.2M | $12.2M | ||
| Q1 25 | $16.3M | $5.0M | ||
| Q4 24 | — | $15.2M | ||
| Q3 24 | $5.8M | $15.5M | ||
| Q2 24 | $10.1M | $18.7M | ||
| Q1 24 | $1.3M | $9.6M |
| Q4 25 | — | $-25.0M | ||
| Q3 25 | $2.5M | $2.5M | ||
| Q2 25 | $9.8M | $5.9M | ||
| Q1 25 | $15.9M | $-6.8M | ||
| Q4 24 | — | $-39.9M | ||
| Q3 24 | $-1.0M | $-33.6M | ||
| Q2 24 | $7.6M | $4.1M | ||
| Q1 24 | $789.0K | $-12.2M |
| Q4 25 | — | -17.7% | ||
| Q3 25 | 1.6% | 1.7% | ||
| Q2 25 | 5.7% | 3.9% | ||
| Q1 25 | 9.7% | -4.4% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | -0.8% | -18.4% | ||
| Q2 24 | 4.7% | 2.2% | ||
| Q1 24 | 0.6% | -6.7% |
| Q4 25 | — | 13.6% | ||
| Q3 25 | 2.5% | 2.3% | ||
| Q2 25 | 0.2% | 4.2% | ||
| Q1 25 | 0.2% | 7.6% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | 5.0% | 26.9% | ||
| Q2 24 | 1.5% | 8.0% | ||
| Q1 24 | 0.4% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.67× | — | ||
| Q1 25 | 3.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
