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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and VICOR CORP (VICR). Click either name above to swap in a different company.
Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $113.0M, roughly 1.4× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs 3.4%, a 14.9% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs 20.1%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% 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.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
BTM vs VICR — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $113.0M |
| Net Profit | $5.5M | $20.7M |
| Gross Margin | — | — |
| Operating Margin | 7.3% | 59.7% |
| Net Margin | 3.4% | 18.3% |
| Revenue YoY | 20.1% | 20.2% |
| Net Profit YoY | 690.4% | 713.9% |
| EPS (diluted) | $0.08 | $0.44 |
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 | — | $113.0M | ||
| Q4 25 | — | $107.3M | ||
| Q3 25 | $162.5M | $110.4M | ||
| Q2 25 | $172.1M | $96.0M | ||
| Q1 25 | $164.2M | $94.0M | ||
| Q4 24 | — | $96.2M | ||
| Q3 24 | $135.3M | $93.2M | ||
| Q2 24 | $163.1M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | — | $46.5M | ||
| Q3 25 | $5.5M | $28.3M | ||
| Q2 25 | $6.1M | $41.2M | ||
| Q1 25 | $4.2M | $2.5M | ||
| Q4 24 | — | $10.2M | ||
| Q3 24 | $-939.0K | $11.6M | ||
| Q2 24 | $-2.6M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 55.4% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 95.9% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 52.4% | ||
| Q3 24 | — | 49.1% | ||
| Q2 24 | — | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | — | 14.6% | ||
| Q3 25 | 7.3% | 18.9% | ||
| Q2 25 | 9.2% | 47.3% | ||
| Q1 25 | 10.8% | -0.2% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | 4.1% | 5.8% | ||
| Q2 24 | 4.7% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | — | 43.4% | ||
| Q3 25 | 3.4% | 25.6% | ||
| Q2 25 | 3.5% | 42.9% | ||
| Q1 25 | 2.6% | 2.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | -0.7% | 12.4% | ||
| Q2 24 | -1.6% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | — | $1.01 | ||
| Q3 25 | $0.08 | $0.63 | ||
| Q2 25 | $0.16 | $0.91 | ||
| Q1 25 | $0.20 | $0.06 | ||
| Q4 24 | — | $0.24 | ||
| Q3 24 | $-0.05 | $0.26 | ||
| Q2 24 | $-0.13 | $-0.03 |
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 | $404.2M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $754.1M |
| Total Assets | $125.3M | $804.9M |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | — | $402.8M | ||
| Q3 25 | $59.3M | $362.4M | ||
| Q2 25 | $48.0M | $338.5M | ||
| Q1 25 | $35.0M | $296.1M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | $32.2M | $267.6M | ||
| Q2 24 | $43.9M | $251.9M |
| Q1 26 | — | — | ||
| 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 26 | — | $754.1M | ||
| Q4 25 | — | $711.6M | ||
| Q3 25 | $21.0M | $630.1M | ||
| Q2 25 | $4.7M | $608.6M | ||
| Q1 25 | $-4.6M | $580.3M | ||
| Q4 24 | — | $570.1M | ||
| Q3 24 | $-7.9M | $554.6M | ||
| Q2 24 | $4.4M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | — | $785.8M | ||
| Q3 25 | $125.3M | $710.2M | ||
| Q2 25 | $109.1M | $693.5M | ||
| Q1 25 | $89.7M | $665.0M | ||
| Q4 24 | — | $641.1M | ||
| Q3 24 | $87.4M | $632.8M | ||
| Q2 24 | $97.5M | $613.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.27× | — |
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% | — |
| 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 | — | $15.7M | ||
| Q3 25 | $6.6M | $38.5M | ||
| Q2 25 | $10.2M | $65.2M | ||
| Q1 25 | $16.3M | $20.1M | ||
| Q4 24 | — | $10.1M | ||
| Q3 24 | $5.8M | $22.6M | ||
| Q2 24 | $10.1M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $10.2M | ||
| Q3 25 | $2.5M | $34.5M | ||
| Q2 25 | $9.8M | $59.0M | ||
| Q1 25 | $15.9M | $15.6M | ||
| Q4 24 | — | $8.4M | ||
| Q3 24 | $-1.0M | $14.1M | ||
| Q2 24 | $7.6M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.5% | ||
| Q3 25 | 1.6% | 31.2% | ||
| Q2 25 | 5.7% | 61.5% | ||
| Q1 25 | 9.7% | 16.6% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | -0.8% | 15.2% | ||
| Q2 24 | 4.7% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | 2.5% | 3.6% | ||
| Q2 25 | 0.2% | 6.5% | ||
| Q1 25 | 0.2% | 4.8% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | 5.0% | 9.1% | ||
| Q2 24 | 1.5% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | 1.20× | 1.36× | ||
| Q2 25 | 1.67× | 1.58× | ||
| Q1 25 | 3.88× | 7.93× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
