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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Shutterstock, Inc. (SSTK). Click either name above to swap in a different company.
Shutterstock, Inc. is the larger business by last-quarter revenue ($220.2M vs $162.5M, roughly 1.4× Bitcoin Depot Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -7.3%, a 10.7% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs -12.0%). Shutterstock, Inc. produced more free cash flow last quarter ($25.9M vs $2.5M). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% 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.
Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...
BTM vs SSTK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $220.2M |
| Net Profit | $5.5M | $-16.0M |
| Gross Margin | — | 55.8% |
| Operating Margin | 7.3% | -1.1% |
| Net Margin | 3.4% | -7.3% |
| Revenue YoY | 20.1% | -12.0% |
| Net Profit YoY | 690.4% | -1021.0% |
| EPS (diluted) | $0.08 | $-0.47 |
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 | — | $220.2M | ||
| Q3 25 | $162.5M | $260.1M | ||
| Q2 25 | $172.1M | $267.0M | ||
| Q1 25 | $164.2M | $242.6M | ||
| Q4 24 | — | $250.3M | ||
| Q3 24 | $135.3M | $250.6M | ||
| Q2 24 | $163.1M | $220.1M | ||
| Q1 24 | $138.5M | $214.3M |
| Q4 25 | — | $-16.0M | ||
| Q3 25 | $5.5M | $13.4M | ||
| Q2 25 | $6.1M | $29.4M | ||
| Q1 25 | $4.2M | $18.7M | ||
| Q4 24 | — | $-1.4M | ||
| Q3 24 | $-939.0K | $17.6M | ||
| Q2 24 | $-2.6M | $3.6M | ||
| Q1 24 | $-1.5M | $16.1M |
| Q4 25 | — | 55.8% | ||
| Q3 25 | — | 60.6% | ||
| Q2 25 | — | 60.3% | ||
| Q1 25 | — | 58.4% | ||
| Q4 24 | — | 55.1% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 58.5% | ||
| Q1 24 | — | 58.8% |
| Q4 25 | — | -1.1% | ||
| Q3 25 | 7.3% | 12.5% | ||
| Q2 25 | 9.2% | 13.0% | ||
| Q1 25 | 10.8% | 4.2% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | 4.1% | 7.2% | ||
| Q2 24 | 4.7% | 9.4% | ||
| Q1 24 | 0.5% | 7.8% |
| Q4 25 | — | -7.3% | ||
| Q3 25 | 3.4% | 5.1% | ||
| Q2 25 | 3.5% | 11.0% | ||
| Q1 25 | 2.6% | 7.7% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | -0.7% | 7.0% | ||
| Q2 24 | -1.6% | 1.6% | ||
| Q1 24 | -1.1% | 7.5% |
| Q4 25 | — | $-0.47 | ||
| Q3 25 | $0.08 | $0.37 | ||
| Q2 25 | $0.16 | $0.82 | ||
| Q1 25 | $0.20 | $0.53 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | $-0.05 | $0.50 | ||
| Q2 24 | $-0.13 | $0.10 | ||
| Q1 24 | $-0.25 | $0.45 |
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 | $178.2M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $581.0M |
| Total Assets | $125.3M | $1.4B |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $178.2M | ||
| Q3 25 | $59.3M | $165.5M | ||
| Q2 25 | $48.0M | $116.4M | ||
| Q1 25 | $35.0M | $112.2M | ||
| Q4 24 | — | $111.3M | ||
| Q3 24 | $32.2M | $131.4M | ||
| Q2 24 | $43.9M | $74.9M | ||
| Q1 24 | $42.2M | $71.8M |
| Q4 25 | — | — | ||
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $41.2M | — | ||
| Q1 24 | $37.6M | — |
| Q4 25 | — | $581.0M | ||
| Q3 25 | $21.0M | $594.4M | ||
| Q2 25 | $4.7M | $586.2M | ||
| Q1 25 | $-4.6M | $547.2M | ||
| Q4 24 | — | $518.4M | ||
| Q3 24 | $-7.9M | $522.9M | ||
| Q2 24 | $4.4M | $520.4M | ||
| Q1 24 | $5.0M | $541.3M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $125.3M | $1.4B | ||
| Q2 25 | $109.1M | $1.4B | ||
| Q1 25 | $89.7M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $87.4M | $1.3B | ||
| Q2 24 | $97.5M | $1.0B | ||
| Q1 24 | $90.1M | $1.0B |
| 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 | $36.2M |
| Free Cash FlowOCF − Capex | $2.5M | $25.9M |
| FCF MarginFCF / Revenue | 1.6% | 11.8% |
| Capex IntensityCapex / Revenue | 2.5% | 4.7% |
| Cash ConversionOCF / Net Profit | 1.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $123.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $36.2M | ||
| Q3 25 | $6.6M | $78.4M | ||
| Q2 25 | $10.2M | $26.8M | ||
| Q1 25 | $16.3M | $25.2M | ||
| Q4 24 | — | $8.0M | ||
| Q3 24 | $5.8M | $-11.6M | ||
| Q2 24 | $10.1M | $28.0M | ||
| Q1 24 | $1.3M | $8.3M |
| Q4 25 | — | $25.9M | ||
| Q3 25 | $2.5M | $68.0M | ||
| Q2 25 | $9.8M | $15.5M | ||
| Q1 25 | $15.9M | $14.4M | ||
| Q4 24 | — | $-952.0K | ||
| Q3 24 | $-1.0M | $-26.3M | ||
| Q2 24 | $7.6M | $18.9M | ||
| Q1 24 | $789.0K | $-6.2M |
| Q4 25 | — | 11.8% | ||
| Q3 25 | 1.6% | 26.1% | ||
| Q2 25 | 5.7% | 5.8% | ||
| Q1 25 | 9.7% | 6.0% | ||
| Q4 24 | — | -0.4% | ||
| Q3 24 | -0.8% | -10.5% | ||
| Q2 24 | 4.7% | 8.6% | ||
| Q1 24 | 0.6% | -2.9% |
| Q4 25 | — | 4.7% | ||
| Q3 25 | 2.5% | 4.0% | ||
| Q2 25 | 0.2% | 4.2% | ||
| Q1 25 | 0.2% | 4.5% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | 5.0% | 5.9% | ||
| Q2 24 | 1.5% | 4.1% | ||
| Q1 24 | 0.4% | 6.7% |
| Q4 25 | — | — | ||
| Q3 25 | 1.20× | 5.86× | ||
| Q2 25 | 1.67× | 0.91× | ||
| Q1 25 | 3.88× | 1.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.66× | ||
| Q2 24 | — | 7.71× | ||
| Q1 24 | — | 0.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
