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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $143.3M, roughly 1.1× Piedmont Realty Trust, Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -31.4%, a 34.8% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 0.4%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% 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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
BTM vs PDM — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $143.3M |
| Net Profit | $5.5M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | 7.3% | — |
| Net Margin | 3.4% | -31.4% |
| Revenue YoY | 20.1% | 0.4% |
| Net Profit YoY | 690.4% | -27.9% |
| EPS (diluted) | $0.08 | $-0.10 |
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.
| Q1 26 | — | $143.3M | ||
| Q4 25 | — | $142.9M | ||
| Q3 25 | $162.5M | $139.2M | ||
| Q2 25 | $172.1M | $140.3M | ||
| Q1 25 | $164.2M | $142.7M | ||
| Q4 24 | — | $143.2M | ||
| Q3 24 | $135.3M | $139.3M | ||
| Q2 24 | $163.1M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | — | $-43.2M | ||
| Q3 25 | $5.5M | $-13.5M | ||
| Q2 25 | $6.1M | $-16.8M | ||
| Q1 25 | $4.2M | $-10.1M | ||
| Q4 24 | — | $-30.0M | ||
| Q3 24 | $-939.0K | $-11.5M | ||
| Q2 24 | $-2.6M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 7.3% | — | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 4.7% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | — | -30.3% | ||
| Q3 25 | 3.4% | -9.7% | ||
| Q2 25 | 3.5% | -12.0% | ||
| Q1 25 | 2.6% | -7.1% | ||
| Q4 24 | — | -20.9% | ||
| Q3 24 | -0.7% | -8.3% | ||
| Q2 24 | -1.6% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | — | $-0.34 | ||
| Q3 25 | $0.08 | $-0.11 | ||
| Q2 25 | $0.16 | $-0.14 | ||
| Q1 25 | $0.20 | $-0.08 | ||
| Q4 24 | — | $-0.25 | ||
| Q3 24 | $-0.05 | $-0.09 | ||
| Q2 24 | $-0.13 | $-0.08 |
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 | $2.3M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $1.5B |
| Total Assets | $125.3M | $4.0B |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | — | $731.0K | ||
| Q3 25 | $59.3M | $3.0M | ||
| Q2 25 | $48.0M | $3.3M | ||
| Q1 25 | $35.0M | $2.9M | ||
| Q4 24 | — | $109.6M | ||
| Q3 24 | $32.2M | $133.6M | ||
| Q2 24 | $43.9M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | $67.5M | $2.2B | ||
| Q2 25 | $66.5M | $2.2B | ||
| Q1 25 | $56.2M | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $44.5M | $2.2B | ||
| Q2 24 | $41.2M | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | $21.0M | $1.5B | ||
| Q2 25 | $4.7M | $1.5B | ||
| Q1 25 | $-4.6M | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $-7.9M | $1.6B | ||
| Q2 24 | $4.4M | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | — | $4.0B | ||
| Q3 25 | $125.3M | $4.0B | ||
| Q2 25 | $109.1M | $4.0B | ||
| Q1 25 | $89.7M | $4.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $87.4M | $4.1B | ||
| Q2 24 | $97.5M | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.49× | ||
| Q3 25 | 3.21× | 1.43× | ||
| Q2 25 | 14.18× | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | 9.27× | 1.34× |
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 | — |
| Free Cash FlowOCF − Capex | $2.5M | — |
| FCF MarginFCF / Revenue | 1.6% | — |
| Capex IntensityCapex / Revenue | 2.5% | 110.3% |
| Cash ConversionOCF / Net Profit | 1.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $140.6M | ||
| Q3 25 | $6.6M | $35.8M | ||
| Q2 25 | $10.2M | $50.1M | ||
| Q1 25 | $16.3M | $3.7M | ||
| Q4 24 | — | $198.1M | ||
| Q3 24 | $5.8M | $42.9M | ||
| Q2 24 | $10.1M | $66.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | 110.3% | ||
| 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 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.67× | — | ||
| Q1 25 | 3.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
