Northland Capmk Forecasts Weaker Earnings for Bitcoin Depot

Key Points

• Northland Capital Markets has revised its earnings estimates for Bitcoin Depot, lowering the expected earnings per share for Q3 2025 from $0.07 to $0.04.
• Despite the earnings miss in the latest quarter, Bitcoin Depot reported revenue of $172.11 million, surpassing analyst expectations of $168.00 million.
• The consensus rating for Bitcoin Depot is "Buy" with an average price target of $5.67, as several analysts have recently issued favorable ratings for the stock.

Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Stock analysts at Northland Capmk dropped their Q3 2025 earnings estimates for Bitcoin Depot in a research note issued on Tuesday, August 12th. Northland Capmk analyst M. Grondahl now expects that the company will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.07. Northland Capmk currently has a "Strong-Buy" rating on the stock. Northland Capmk also issued estimates for Bitcoin Depot's FY2025 earnings at $0.33 EPS, Q1 2026 earnings at $0.13 EPS, Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $0.09 EPS, Q4 2026 earnings at $0.06 EPS and FY2026 earnings at $0.42 EPS.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The firm had revenue of $172.11 million for the quarter, compared to the consensus estimate of $168.00 million. Bitcoin Depot had a negative return on equity of 44.12% and a net margin of 0.44%.

A number of other equities research analysts have also commented on the stock. B. Riley raised their price objective on shares of Bitcoin Depot from $4.70 to $5.50 and gave the stock a "buy" rating in a report on Friday, May 16th. Zacks Research cut Bitcoin Depot from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. HC Wainwright increased their target price on Bitcoin Depot from $5.00 to $6.50 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Finally, Noble Financial reiterated an "outperform" rating on shares of Bitcoin Depot in a report on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $5.67.

Bitcoin Depot Trading Down 7.3%

Shares of NASDAQ BTM traded down $0.2950 during midday trading on Thursday, reaching $3.7450. 908,988 shares of the stock were exchanged, compared to its average volume of 999,066. The business has a 50-day simple moving average of $5.35 and a two-hundred day simple moving average of $3.06. The company has a market capitalization of $240.85 million, a price-to-earnings ratio of 37.45 and a beta of 0.86. Bitcoin Depot has a 12 month low of $0.93 and a 12 month high of $6.88. The company has a debt-to-equity ratio of 12.34, a current ratio of 1.41 and a quick ratio of 1.41.

Insider Transactions at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 22,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $4.21, for a total value of $92,620.00. Following the transaction, the chief operating officer directly owned 147,276 shares of the company's stock, valued at $620,031.96. This represents a 13.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 70.23% of the company's stock.

Institutional Investors Weigh In On Bitcoin Depot

A number of institutional investors have recently made changes to their positions in BTM. Marshall Wace LLP bought a new stake in shares of Bitcoin Depot during the second quarter worth approximately $4,097,000. Welch Capital Partners LLC NY boosted its holdings in shares of Bitcoin Depot by 85.1% during the first quarter. Welch Capital Partners LLC NY now owns 966,250 shares of the company's stock worth $1,459,000 after acquiring an additional 444,177 shares during the period. Two Sigma Investments LP bought a new stake in shares of Bitcoin Depot during the fourth quarter worth approximately $427,000. Lazard Asset Management LLC bought a new stake in shares of Bitcoin Depot during the second quarter worth approximately $1,149,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Bitcoin Depot during the fourth quarter worth approximately $267,000. Institutional investors own 9.18% of the company's stock.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.