BTMCQ (Bitcoin Depot) EBIT: $21.4 Mil (TTM As of Dec. 2025)


BTMCQ Bitcoin Depot Inc BTMCQ
40 GF Score
Price $0.13
GF Value $3.18
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is Bitcoin Depot EBIT?

Bitcoin Depot BTMCQ 40 EBIT is $21.4 Mil as of Dec. 2025. GuruFocus rates BTMCQ with a GF Score™ of 40/100 and a GF Value™ of $3.18 (Possible Value Trap). The stock has 1 warning sign investors should review.

Bitcoin Depot's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was $-26.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $21.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bitcoin Depot's annualized ROC % for the quarter that ended in Dec. 2025 was -24.71%. Bitcoin Depot's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -358.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bitcoin Depot's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6,649.07%.

Bitcoin Depot  (OTCPK:BTMCQ) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Bitcoin Depot's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-16.46 * ( 1 - 11.76% )/( (57.114 + 60.463)/ 2 )
=-14.524304/58.7885
=-24.71 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=125.278 - 31.114 - ( 59.266 - max(0, 42.136 - 79.186+59.266))
=57.114

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=130.575 - 53.451 - ( 65.632 - max(0, 63.668 - 80.329+65.632))
=60.463

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Bitcoin Depot's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-104.632/( ( (29.329 + max(-11.584, 0)) + (29.103 + max(-39.097, 0)) )/ 2 )
=-104.632/( ( 29.329 + 29.103 )/ 2 )
=-104.632/29.216
=-358.13 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.511 + 0 + 18.409) - (31.114 + 0.39 + 0)
=-11.584

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.639 + 0 + 14.058) - (53.451 + 0.343 + -7.105427357601E-15)
=-39.097

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Bitcoin Depot's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=21.41/0.322
=6,649.07 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bitcoin Depot EBIT Related Terms

Bitcoin Depot EBIT Historical Data

* Premium members only.

The historical data trend for Bitcoin Depot's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bitcoin Depot EBIT Chart

Bitcoin Depot Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 13.75 16.26 13.45 24.15 21.41

Bitcoin Depot Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.52 16.70 18.21 12.66 -26.16

BTMCQ vs MWAI, BEGI, MNTR: EBIT Comparison

For the Capital Markets subindustry, Bitcoin Depot's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bitcoin Depot EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitcoin Depot's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bitcoin Depot's EV-to-EBIT falls into.


BTMCQ
40GF Score
Bitcoin Depot Inc BTMCQ
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bitcoin Depot EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $21.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $21.4 Mil mean?
Bitcoin Depot (BTMCQ) has a EBIT of $21.4 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bitcoin Depot.
Is Bitcoin Depot's EBIT too high?
Bitcoin Depot's current EBIT is $21.4 Mil. Overall, Bitcoin Depot has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bitcoin Depot's EBIT compare to MWAI and BEGI?
Bitcoin Depot's EBIT of $21.4 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bitcoin Depot. Bitcoin Depot's current EBIT is $21.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bitcoin Depot stock overvalued right now?
Based on GuruFocus' analysis, Bitcoin Depot (BTMCQ) is currently considered Possible Value Trap. The stock's GF Value™ is $3.18, compared to a current price of $0.13 — trading 96% below its estimated fair value. The current EBIT is $21.4 Mil. Bitcoin Depot's overall GF Score™ is 40/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Bitcoin Depot (BTMCQ), the current EBIT is $21.4 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bitcoin Depot (BTMCQ) Overvalued in 2026?

Based on GuruFocus' analysis, Bitcoin Depot stock appears to be undervalued. The current stock price of $0.13 is trading 96% below its estimated GF Value™ of $3.18. GuruFocus considers Bitcoin Depot to be Possible Value Trap.

Key valuation signals for BTMCQ:

  • EBIT: $21.4 Mil
  • GF Value™: $3.18 vs. price of $0.13 (96% below fair value)
  • GF Score™: 40/100 with 1 warning sign

No single metric tells the full story. See the BTMCQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bitcoin Depot Business Description

Address 8601 Dunwoody Place, Suite 750, Sandy Springs, GA, USA, 30350
Bitcoin Depot Inc owns and operates the widest network of BTMs across North America where customers can buy and sell Bitcoin. Bitcoin Depot helps power the digital economy for users of cash. It has locations across the U.S. and Canada at, among others, the following types of retailers: Convenience Stores and Gas Station Chains, Pharmacies and Grocers and Mall Operators.
40GF Score

Get the complete analysis for BTMCQ

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.13
Price
$3.18
GF Value