vs
Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $162.5M, roughly 1.5× Bitcoin Depot Inc.). WORKIVA INC runs the higher net margin — 4.9% vs 3.4%, a 1.5% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 19.5%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $2.5M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
BTM vs WK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $238.9M |
| Net Profit | $5.5M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 7.3% | 3.3% |
| Net Margin | 3.4% | 4.9% |
| Revenue YoY | 20.1% | 19.5% |
| Net Profit YoY | 690.4% | 234.0% |
| EPS (diluted) | $0.08 | $0.21 |
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 | — | $238.9M | ||
| Q3 25 | $162.5M | $224.2M | ||
| Q2 25 | $172.1M | $215.2M | ||
| Q1 25 | $164.2M | $206.3M | ||
| Q4 24 | — | $199.9M | ||
| Q3 24 | $135.3M | $185.6M | ||
| Q2 24 | $163.1M | $177.5M | ||
| Q1 24 | $138.5M | $175.7M |
| Q4 25 | — | $11.8M | ||
| Q3 25 | $5.5M | $2.8M | ||
| Q2 25 | $6.1M | $-19.4M | ||
| Q1 25 | $4.2M | $-21.4M | ||
| Q4 24 | — | $-8.8M | ||
| Q3 24 | $-939.0K | $-17.0M | ||
| Q2 24 | $-2.6M | $-17.5M | ||
| Q1 24 | $-1.5M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% | ||
| Q1 24 | — | 76.4% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 7.3% | -1.5% | ||
| Q2 25 | 9.2% | -10.3% | ||
| Q1 25 | 10.8% | -12.0% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | 4.1% | -11.7% | ||
| Q2 24 | 4.7% | -13.0% | ||
| Q1 24 | 0.5% | -10.4% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | 3.4% | 1.2% | ||
| Q2 25 | 3.5% | -9.0% | ||
| Q1 25 | 2.6% | -10.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | -0.7% | -9.2% | ||
| Q2 24 | -1.6% | -9.9% | ||
| Q1 24 | -1.1% | -6.7% |
| Q4 25 | — | $0.21 | ||
| Q3 25 | $0.08 | $0.05 | ||
| Q2 25 | $0.16 | $-0.35 | ||
| Q1 25 | $0.20 | $-0.38 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | $-0.05 | $-0.31 | ||
| Q2 24 | $-0.13 | $-0.32 | ||
| Q1 24 | $-0.25 | $-0.21 |
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 | $338.8M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $-5.4M |
| Total Assets | $125.3M | $1.5B |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $338.8M | ||
| Q3 25 | $59.3M | $315.9M | ||
| Q2 25 | $48.0M | $284.3M | ||
| Q1 25 | $35.0M | $242.0M | ||
| Q4 24 | — | $301.8M | ||
| Q3 24 | $32.2M | $248.2M | ||
| Q2 24 | $43.9M | $267.9M | ||
| Q1 24 | $42.2M | $296.1M |
| 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 | — | $-5.4M | ||
| Q3 25 | $21.0M | $-36.9M | ||
| Q2 25 | $4.7M | $-66.5M | ||
| Q1 25 | $-4.6M | $-75.7M | ||
| Q4 24 | — | $-41.7M | ||
| Q3 24 | $-7.9M | $-50.8M | ||
| Q2 24 | $4.4M | $-77.7M | ||
| Q1 24 | $5.0M | $-83.2M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $125.3M | $1.4B | ||
| Q2 25 | $109.1M | $1.3B | ||
| Q1 25 | $89.7M | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $87.4M | $1.3B | ||
| Q2 24 | $97.5M | $1.2B | ||
| Q1 24 | $90.1M | $1.2B |
| 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 | $51.0M |
| Free Cash FlowOCF − Capex | $2.5M | $50.7M |
| FCF MarginFCF / Revenue | 1.6% | 21.2% |
| Capex IntensityCapex / Revenue | 2.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.20× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $51.0M | ||
| Q3 25 | $6.6M | $46.2M | ||
| Q2 25 | $10.2M | $50.3M | ||
| Q1 25 | $16.3M | $-7.4M | ||
| Q4 24 | — | $44.0M | ||
| Q3 24 | $5.8M | $18.9M | ||
| Q2 24 | $10.1M | $-14.0K | ||
| Q1 24 | $1.3M | $24.8M |
| Q4 25 | — | $50.7M | ||
| Q3 25 | $2.5M | $46.1M | ||
| Q2 25 | $9.8M | $49.3M | ||
| Q1 25 | $15.9M | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | $-1.0M | $18.7M | ||
| Q2 24 | $7.6M | $-122.0K | ||
| Q1 24 | $789.0K | $24.6M |
| Q4 25 | — | 21.2% | ||
| Q3 25 | 1.6% | 20.5% | ||
| Q2 25 | 5.7% | 22.9% | ||
| Q1 25 | 9.7% | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | -0.8% | 10.1% | ||
| Q2 24 | 4.7% | -0.1% | ||
| Q1 24 | 0.6% | 14.0% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 2.5% | 0.0% | ||
| Q2 25 | 0.2% | 0.5% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 5.0% | 0.1% | ||
| Q2 24 | 1.5% | 0.1% | ||
| Q1 24 | 0.4% | 0.1% |
| Q4 25 | — | 4.31× | ||
| Q3 25 | 1.20× | 16.57× | ||
| Q2 25 | 1.67× | — | ||
| Q1 25 | 3.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
