BTMCQ (Bitcoin Depot) Operating Margin %: -3.55% (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
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What is Bitcoin Depot Operating Margin %?

Bitcoin Depot BTMCQ 40 Operating Margin % is -3.55% 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. Among 664 Capital Markets companies, Bitcoin Depot ranks worse than 50.3% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bitcoin Depot's Operating Income for the three months ended in Dec. 2025 was $-4.1 Mil. Bitcoin Depot's Revenue for the three months ended in Dec. 2025 was $116.0 Mil. Therefore, Bitcoin Depot's Operating Margin % for the quarter that ended in Dec. 2025 was -3.55%.

Good Sign:

Bitcoin Depot Inc operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for Bitcoin Depot's Operating Margin % or its related term are showing as below:

BTMCQ' s Operating Margin % Range Over the Past 10 Years
Min: 2.52   Med: 4.32   Max: 6.7
Current: 6.7


BTMCQ's Operating Margin % is ranked worse than
50.3% of 664 companies
in the Capital Markets industry
Industry Median: 6.955 vs BTMCQ: 6.70

Bitcoin Depot's 5-Year Average Operating Margin % Growth Rate was 7.80% per year.

Bitcoin Depot's Operating Income for the three months ended in Dec. 2025 was $-4.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $41.2 Mil.


Bitcoin Depot  (OTCPK:BTMCQ) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Bitcoin Depot Operating Margin % Related Terms


Bitcoin Depot Operating Margin % Historical Data

* Premium members only.

The historical data trend for Bitcoin Depot's Operating Margin % 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 Operating Margin % Chart

Bitcoin Depot Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial 2.52 2.55 4.42 4.22 6.70

Bitcoin Depot Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Operating Margin % 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 7.62 10.84 9.15 7.25 -3.55

BTMCQ vs MWAI, BEGI, MNTR: Operating Margin % Comparison

For the Capital Markets subindustry, Bitcoin Depot's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitcoin Depot's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Bitcoin Depot's Operating Margin % falls into.


BTMCQ
40GF Score
Bitcoin Depot Inc BTMCQ
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bitcoin Depot Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Bitcoin Depot's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=41.213 / 614.851
=6.70 %

Bitcoin Depot's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=-4.115 / 116.035
=-3.55 %

* 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 Operating Margin % →
What does a Operating Margin % of -3.55% mean?
Bitcoin Depot (BTMCQ) has a Operating Margin % of -3.55% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Bitcoin Depot and its competitors. Over the past decade, Bitcoin Depot's Operating Margin % has ranged from 2.52 to 6.70. According to the industry distribution chart, Bitcoin Depot ranks #334 out of 664 companies in the Capital Markets industry, placing it in the top 50.3%.
Is Bitcoin Depot's Operating Margin % too high?
Bitcoin Depot's current Operating Margin % is -3.55%. Over the past 10 years, this metric has ranged from a low of 2.52 to a high of 6.70. Based on the distribution chart, Bitcoin Depot ranks #334 out of 664 companies in the Capital Markets industry, which is below the industry midpoint. 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 Operating Margin % compare to MWAI and BEGI?
According to the Capital Markets industry distribution chart, Bitcoin Depot ranks #334 out of 664 companies for Operating Margin %. This places Bitcoin Depot in the lower half of its industry. The industry median Operating Margin % is 6.96. Historically, Bitcoin Depot's own Operating Margin % has ranged from 2.52 to 6.70 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Bitcoin Depot and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bitcoin Depot's current Operating Margin % is -3.55%. 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 Operating Margin % is -3.55%. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Bitcoin Depot (BTMCQ), the current Operating Margin % is -3.55% 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:

  • Operating Margin %: -3.55%
  • 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

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

$0.13
Price
$3.18
GF Value