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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $103.6M, roughly 1.6× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs 3.4%, a 6.9% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs 20.1%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $2.5M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
BTM vs TCMD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $103.6M |
| Net Profit | $5.5M | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | 7.3% | 18.1% |
| Net Margin | 3.4% | 10.3% |
| Revenue YoY | 20.1% | 21.0% |
| Net Profit YoY | 690.4% | 9.4% |
| EPS (diluted) | $0.08 | $0.45 |
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 | — | $103.6M | ||
| Q3 25 | $162.5M | $85.8M | ||
| Q2 25 | $172.1M | $78.9M | ||
| Q1 25 | $164.2M | $61.3M | ||
| Q4 24 | — | $85.6M | ||
| Q3 24 | $135.3M | $73.1M | ||
| Q2 24 | $163.1M | $73.2M | ||
| Q1 24 | $138.5M | $61.1M |
| Q4 25 | — | $10.6M | ||
| Q3 25 | $5.5M | $8.2M | ||
| Q2 25 | $6.1M | $3.2M | ||
| Q1 25 | $4.2M | $-3.0M | ||
| Q4 24 | — | $9.7M | ||
| Q3 24 | $-939.0K | $5.2M | ||
| Q2 24 | $-2.6M | $4.3M | ||
| Q1 24 | $-1.5M | $-2.2M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | — | 18.1% | ||
| Q3 25 | 7.3% | 12.8% | ||
| Q2 25 | 9.2% | 5.2% | ||
| Q1 25 | 10.8% | -7.4% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | 4.1% | 9.3% | ||
| Q2 24 | 4.7% | 8.0% | ||
| Q1 24 | 0.5% | -4.9% |
| Q4 25 | — | 10.3% | ||
| Q3 25 | 3.4% | 9.6% | ||
| Q2 25 | 3.5% | 4.1% | ||
| Q1 25 | 2.6% | -4.9% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | -0.7% | 7.1% | ||
| Q2 24 | -1.6% | 5.9% | ||
| Q1 24 | -1.1% | -3.6% |
| Q4 25 | — | $0.45 | ||
| Q3 25 | $0.08 | $0.36 | ||
| Q2 25 | $0.16 | $0.14 | ||
| Q1 25 | $0.20 | $-0.13 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | $-0.05 | $0.21 | ||
| Q2 24 | $-0.13 | $0.18 | ||
| Q1 24 | $-0.25 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | $67.5M | $0 |
| Stockholders' EquityBook value | $21.0M | $218.9M |
| Total Assets | $125.3M | $273.9M |
| Debt / EquityLower = less leverage | 3.21× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $83.4M | ||
| Q3 25 | $59.3M | $66.0M | ||
| Q2 25 | $48.0M | $81.5M | ||
| Q1 25 | $35.0M | $83.6M | ||
| Q4 24 | — | $94.4M | ||
| Q3 24 | $32.2M | $82.1M | ||
| Q2 24 | $43.9M | $73.6M | ||
| Q1 24 | $42.2M | $60.7M |
| Q4 25 | — | $0 | ||
| Q3 25 | $67.5M | $0 | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $44.5M | $27.0M | ||
| Q2 24 | $41.2M | $27.8M | ||
| Q1 24 | $37.6M | $28.5M |
| Q4 25 | — | $218.9M | ||
| Q3 25 | $21.0M | $204.9M | ||
| Q2 25 | $4.7M | $194.9M | ||
| Q1 25 | $-4.6M | $205.6M | ||
| Q4 24 | — | $216.6M | ||
| Q3 24 | $-7.9M | $207.9M | ||
| Q2 24 | $4.4M | $200.7M | ||
| Q1 24 | $5.0M | $193.5M |
| Q4 25 | — | $273.9M | ||
| Q3 25 | $125.3M | $259.2M | ||
| Q2 25 | $109.1M | $273.0M | ||
| Q1 25 | $89.7M | $280.2M | ||
| Q4 24 | — | $297.9M | ||
| Q3 24 | $87.4M | $287.7M | ||
| Q2 24 | $97.5M | $278.8M | ||
| Q1 24 | $90.1M | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | 3.21× | 0.00× | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | 9.27× | 0.14× | ||
| Q1 24 | 7.54× | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $2.5M | $16.8M |
| FCF MarginFCF / Revenue | 1.6% | 16.2% |
| Capex IntensityCapex / Revenue | 2.5% | 0.5% |
| Cash ConversionOCF / Net Profit | 1.20× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $17.3M | ||
| Q3 25 | $6.6M | $10.3M | ||
| Q2 25 | $10.2M | $14.8M | ||
| Q1 25 | $16.3M | $417.0K | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | $5.8M | $10.3M | ||
| Q2 24 | $10.1M | $13.1M | ||
| Q1 24 | $1.3M | $924.0K |
| Q4 25 | — | $16.8M | ||
| Q3 25 | $2.5M | $9.2M | ||
| Q2 25 | $9.8M | $14.4M | ||
| Q1 25 | $15.9M | $38.0K | ||
| Q4 24 | — | $15.9M | ||
| Q3 24 | $-1.0M | $9.3M | ||
| Q2 24 | $7.6M | $12.6M | ||
| Q1 24 | $789.0K | $442.0K |
| Q4 25 | — | 16.2% | ||
| Q3 25 | 1.6% | 10.8% | ||
| Q2 25 | 5.7% | 18.2% | ||
| Q1 25 | 9.7% | 0.1% | ||
| Q4 24 | — | 18.5% | ||
| Q3 24 | -0.8% | 12.7% | ||
| Q2 24 | 4.7% | 17.3% | ||
| Q1 24 | 0.6% | 0.7% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 2.5% | 1.3% | ||
| Q2 25 | 0.2% | 0.5% | ||
| Q1 25 | 0.2% | 0.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 5.0% | 1.3% | ||
| Q2 24 | 1.5% | 0.7% | ||
| Q1 24 | 0.4% | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | 1.20× | 1.26× | ||
| Q2 25 | 1.67× | 4.59× | ||
| Q1 25 | 3.88× | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
