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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $140.7M, roughly 1.2× Purple Innovation, Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -2.3%, a 5.7% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 9.1%). Bitcoin Depot Inc. produced more free cash flow last quarter ($2.5M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
BTM vs PRPL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $140.7M |
| Net Profit | $5.5M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 7.3% | -1.6% |
| Net Margin | 3.4% | -2.3% |
| Revenue YoY | 20.1% | 9.1% |
| Net Profit YoY | 690.4% | 62.1% |
| EPS (diluted) | $0.08 | $0.03 |
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 | — | $140.7M | ||
| Q3 25 | $162.5M | $118.8M | ||
| Q2 25 | $172.1M | $105.1M | ||
| Q1 25 | $164.2M | $104.2M | ||
| Q4 24 | — | $129.0M | ||
| Q3 24 | $135.3M | $118.6M | ||
| Q2 24 | $163.1M | $120.3M | ||
| Q1 24 | $138.5M | $120.0M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $5.5M | $-11.7M | ||
| Q2 25 | $6.1M | $-17.3M | ||
| Q1 25 | $4.2M | $-19.1M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | $-939.0K | $-39.2M | ||
| Q2 24 | $-2.6M | $27.0K | ||
| Q1 24 | $-1.5M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | — | -1.6% | ||
| Q3 25 | 7.3% | -10.2% | ||
| Q2 25 | 9.2% | -13.5% | ||
| Q1 25 | 10.8% | -13.9% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | 4.1% | -39.5% | ||
| Q2 24 | 4.7% | -12.1% | ||
| Q1 24 | 0.5% | -19.3% |
| Q4 25 | — | -2.3% | ||
| Q3 25 | 3.4% | -9.9% | ||
| Q2 25 | 3.5% | -16.5% | ||
| Q1 25 | 2.6% | -18.4% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | -0.7% | -33.1% | ||
| Q2 24 | -1.6% | 0.0% | ||
| Q1 24 | -1.1% | -41.8% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | $0.08 | $0.11 | ||
| Q2 25 | $0.16 | $0.16 | ||
| Q1 25 | $0.20 | $0.18 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | $-0.05 | $0.36 | ||
| Q2 24 | $-0.13 | $0.00 | ||
| Q1 24 | $-0.25 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $67.5M | $126.7M |
| Stockholders' EquityBook value | $21.0M | $-29.7M |
| Total Assets | $125.3M | $296.3M |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.3M | ||
| Q3 25 | $59.3M | $32.4M | ||
| Q2 25 | $48.0M | $34.2M | ||
| Q1 25 | $35.0M | $21.6M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | $32.2M | $23.4M | ||
| Q2 24 | $43.9M | $23.4M | ||
| Q1 24 | $42.2M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | $44.5M | $50.8M | ||
| Q2 24 | $41.2M | — | ||
| Q1 24 | $37.6M | — |
| Q4 25 | — | $-29.7M | ||
| Q3 25 | $21.0M | $-26.9M | ||
| Q2 25 | $4.7M | $-15.6M | ||
| Q1 25 | $-4.6M | $1.3M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | $-7.9M | $28.0M | ||
| Q2 24 | $4.4M | $66.4M | ||
| Q1 24 | $5.0M | $65.5M |
| Q4 25 | — | $296.3M | ||
| Q3 25 | $125.3M | $302.1M | ||
| Q2 25 | $109.1M | $303.8M | ||
| Q1 25 | $89.7M | $293.8M | ||
| Q4 24 | — | $307.8M | ||
| Q3 24 | $87.4M | $309.3M | ||
| Q2 24 | $97.5M | $362.1M | ||
| Q1 24 | $90.1M | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | $-7.8M |
| FCF MarginFCF / Revenue | 1.6% | -5.5% |
| Capex IntensityCapex / Revenue | 2.5% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-5.8M | ||
| Q3 25 | $6.6M | $-968.0K | ||
| Q2 25 | $10.2M | $-4.0M | ||
| Q1 25 | $16.3M | $-23.1M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $5.8M | $1.1M | ||
| Q2 24 | $10.1M | $-8.9M | ||
| Q1 24 | $1.3M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | $2.5M | $-1.8M | ||
| Q2 25 | $9.8M | $-7.0M | ||
| Q1 25 | $15.9M | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | $-1.0M | $101.0K | ||
| Q2 24 | $7.6M | $-11.0M | ||
| Q1 24 | $789.0K | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | 1.6% | -1.5% | ||
| Q2 25 | 5.7% | -6.6% | ||
| Q1 25 | 9.7% | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | -0.8% | 0.1% | ||
| Q2 24 | 4.7% | -9.2% | ||
| Q1 24 | 0.6% | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 0.2% | 2.8% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 5.0% | 0.9% | ||
| Q2 24 | 1.5% | 1.7% | ||
| Q1 24 | 0.4% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.67× | — | ||
| Q1 25 | 3.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
