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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $153.1M, roughly 1.1× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs 3.4%, a 1.4% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 20.1%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $2.5M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
BTM vs PMTS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $153.1M |
| Net Profit | $5.5M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | 7.3% | 12.0% |
| Net Margin | 3.4% | 4.8% |
| Revenue YoY | 20.1% | 22.3% |
| Net Profit YoY | 690.4% | 8.5% |
| EPS (diluted) | $0.08 | $0.62 |
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 | — | $153.1M | ||
| Q3 25 | $162.5M | $138.0M | ||
| Q2 25 | $172.1M | $129.8M | ||
| Q1 25 | $164.2M | $122.8M | ||
| Q4 24 | — | $125.1M | ||
| Q3 24 | $135.3M | $124.8M | ||
| Q2 24 | $163.1M | $118.8M | ||
| Q1 24 | $138.5M | $111.9M |
| Q4 25 | — | $7.3M | ||
| Q3 25 | $5.5M | $2.3M | ||
| Q2 25 | $6.1M | $518.0K | ||
| Q1 25 | $4.2M | $4.8M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $-939.0K | $1.3M | ||
| Q2 24 | $-2.6M | $6.0M | ||
| Q1 24 | $-1.5M | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | — | 12.0% | ||
| Q3 25 | 7.3% | 9.4% | ||
| Q2 25 | 9.2% | 7.3% | ||
| Q1 25 | 10.8% | 11.5% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | 4.1% | 14.3% | ||
| Q2 24 | 4.7% | 12.5% | ||
| Q1 24 | 0.5% | 12.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 3.4% | 1.7% | ||
| Q2 25 | 3.5% | 0.4% | ||
| Q1 25 | 2.6% | 3.9% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | -0.7% | 1.0% | ||
| Q2 24 | -1.6% | 5.1% | ||
| Q1 24 | -1.1% | 4.9% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | $0.08 | $0.19 | ||
| Q2 25 | $0.16 | $0.04 | ||
| Q1 25 | $0.20 | $0.40 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | $-0.05 | $0.11 | ||
| Q2 24 | $-0.13 | $0.51 | ||
| Q1 24 | $-0.25 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | $67.5M | $286.7M |
| Stockholders' EquityBook value | $21.0M | $-17.3M |
| Total Assets | $125.3M | $403.2M |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.7M | ||
| Q3 25 | $59.3M | $16.0M | ||
| Q2 25 | $48.0M | $17.1M | ||
| Q1 25 | $35.0M | $31.5M | ||
| Q4 24 | — | $33.5M | ||
| Q3 24 | $32.2M | $14.7M | ||
| Q2 24 | $43.9M | $7.5M | ||
| Q1 24 | $42.2M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | $67.5M | $308.4M | ||
| Q2 25 | $66.5M | $310.9M | ||
| Q1 25 | $56.2M | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | $44.5M | $280.2M | ||
| Q2 24 | $41.2M | $269.7M | ||
| Q1 24 | $37.6M | $265.3M |
| Q4 25 | — | $-17.3M | ||
| Q3 25 | $21.0M | $-25.7M | ||
| Q2 25 | $4.7M | $-29.0M | ||
| Q1 25 | $-4.6M | $-29.7M | ||
| Q4 24 | — | $-35.6M | ||
| Q3 24 | $-7.9M | $-42.8M | ||
| Q2 24 | $4.4M | $-44.6M | ||
| Q1 24 | $5.0M | $-48.5M |
| Q4 25 | — | $403.2M | ||
| Q3 25 | $125.3M | $407.1M | ||
| Q2 25 | $109.1M | $399.8M | ||
| Q1 25 | $89.7M | $351.9M | ||
| Q4 24 | — | $349.7M | ||
| Q3 24 | $87.4M | $342.3M | ||
| Q2 24 | $97.5M | $321.4M | ||
| Q1 24 | $90.1M | $319.8M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.6M | $39.6M |
| Free Cash FlowOCF − Capex | $2.5M | $35.2M |
| FCF MarginFCF / Revenue | 1.6% | 23.0% |
| Capex IntensityCapex / Revenue | 2.5% | 2.9% |
| Cash ConversionOCF / Net Profit | 1.20× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $39.6M | ||
| Q3 25 | $6.6M | $10.0M | ||
| Q2 25 | $10.2M | $4.3M | ||
| Q1 25 | $16.3M | $5.6M | ||
| Q4 24 | — | $26.7M | ||
| Q3 24 | $5.8M | $12.5M | ||
| Q2 24 | $10.1M | $-4.8M | ||
| Q1 24 | $1.3M | $8.9M |
| Q4 25 | — | $35.2M | ||
| Q3 25 | $2.5M | $5.3M | ||
| Q2 25 | $9.8M | $533.0K | ||
| Q1 25 | $15.9M | $292.0K | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | $-1.0M | $11.1M | ||
| Q2 24 | $7.6M | $-6.0M | ||
| Q1 24 | $789.0K | $7.4M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | 1.6% | 3.8% | ||
| Q2 25 | 5.7% | 0.4% | ||
| Q1 25 | 9.7% | 0.2% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | -0.8% | 8.9% | ||
| Q2 24 | 4.7% | -5.0% | ||
| Q1 24 | 0.6% | 6.6% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | 2.5% | 3.4% | ||
| Q2 25 | 0.2% | 2.9% | ||
| Q1 25 | 0.2% | 4.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 5.0% | 1.2% | ||
| Q2 24 | 1.5% | 1.0% | ||
| Q1 24 | 0.4% | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | 1.20× | 4.32× | ||
| Q2 25 | 1.67× | 8.39× | ||
| Q1 25 | 3.88× | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | — | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
