Core Viewpoint - Bitcoin Depot Inc. (BTM) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Earnings Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism about Bitcoin Depot Inc.'s earnings prospects, which is expected to positively impact its stock price [2]. - The current-quarter earnings estimate is projected at $0.17 per share, indicating a year-over-year increase of +230.77%. The Zacks Consensus Estimate has risen by 36% over the last 30 days, with three estimates increasing and one decreasing [5]. - For the full year, the earnings estimate is expected to be $0.46 per share, representing a change of +176.67% from the previous year. The consensus estimate has increased by 34.56% due to three upward revisions and one downward revision [6][7]. Zacks Rank and Performance - Bitcoin Depot Inc. currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions. Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. - The stock has appreciated by 114.2% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [9].

Company Overview - Bitcoin Depot Inc. (BTM) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting favorable market performance expectations [4] Price Performance - BTM shares have increased by 58.58% over the past week, significantly outperforming the Zacks Financial - Miscellaneous Services industry, which rose by 2.09% [6] - Over the past month, BTM's price change is 114.18%, compared to the industry's 8.26% [6] - In the last quarter, BTM shares rose by 190.38%, and they are up 58.95% over the past year, while the S&P 500 has moved -2.56% and 11.12% respectively [7] Trading Volume - The average 20-day trading volume for BTM is 1,227,628 shares, which is a useful indicator of market interest and momentum [8] Earnings Estimates - In the past two months, 3 earnings estimates for BTM have been revised upwards, while 1 estimate was revised downwards, leading to an increase in the consensus estimate from $0.34 to $0.46 [10] - For the next fiscal year, there has been 1 upward revision with no downward revisions during the same period [10] Conclusion - Considering the strong price performance, positive earnings outlook, and high momentum score, BTM is positioned as a promising investment opportunity [12]

Core Viewpoint - Bitcoin Depot Inc. has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which have a strong correlation with near-term stock price movements [4][6]. - Bitcoin Depot Inc. is expected to earn $0.46 per share for the fiscal year ending December 2025, reflecting a year-over-year change of 176.7% [8]. - Over the past three months, the Zacks Consensus Estimate for Bitcoin Depot Inc. has increased by 98.9% [8]. Investment Implications - The upgrade to Zacks Rank 2 positions Bitcoin Depot Inc. in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10]. - Rising earnings estimates and the corresponding rating upgrade indicate an improvement in the company's underlying business, which could lead to increased stock prices [5][10].

Core Insights - The article highlights the expertise of a cryptocurrency enthusiast and trader who has been active since 2017, focusing on coding, writing, and analyzing cryptocurrency projects and investment strategies [1] Group 1: Expertise and Background - The individual has a deep understanding of distributed ledger technology and the Web3 technology stack, indicating a strong foundation in the underlying technologies of cryptocurrencies [1] - The individual enjoys researching and analyzing trends in Web3 and security tokens, which are becoming increasingly relevant in the digital securities market [1] Group 2: Contributions and Engagement - The individual is a contributing writer for Seeking Alpha, collaborating with analyst James Foord, which suggests a level of credibility and engagement within the investment community [1]

Financial Data and Key Metrics Changes - The company reported a 19% year-over-year revenue growth, reaching $164.2 million compared to $138.5 million in the same quarter last year [14] - Net income for the first quarter was $12.2 million, a significant increase from a net loss of $4.2 million in the previous year [17] - Adjusted EBITDA increased by 315% to $20.3 million compared to $4.9 million in the first quarter of the previous year [17] - Cash from operating activities reached a record $16.3 million, up from $1.3 million in the year-ago quarter [18] Business Line Data and Key Metrics Changes - The median transaction size increased by 46% year-over-year to $300, contributing to the overall revenue growth [5] - Adjusted gross profit rose by 92% year-over-year to $33.1 million [15] - Total operating expenses decreased by 7% to $15.3 million, attributed to lower depreciation and optimized expenses [15] Market Data and Key Metrics Changes - The company ended Q1 with approximately 8,483 active kiosks and expects continued growth throughout the year [7] - The company has deployed over 100 kiosks in Australia, which is emerging as a significant market for Bitcoin adoption [9] Company Strategy and Development Direction - The company is focused on international expansion, particularly in Australia, and is evaluating entry into at least two additional countries in 2025 [9] - There is an ongoing strategy to relocate underperforming kiosks to optimize fleet profitability [14] - The company aims to expand its domestic footprint, potentially increasing its active fleet to approximately 10,000 kiosks [10] Management's Comments on Operating Environment and Future Outlook - Management noted that the business is experiencing seasonality correlated with tax return season, which may affect revenue growth in Q2 [35] - The company remains optimistic about obtaining a license to operate in New York State, which is seen as a significant untapped market [11] - Management emphasized the importance of a strong compliance infrastructure as a competitive advantage in a fragmented market [12] Other Important Information - The company has strengthened its leadership team with the appointment of David Gray as CFO, bringing over 20 years of financial leadership experience [13] - The company plans to focus on capital allocation strategies that include paying down debt and potentially issuing dividends, with no significant capital expenditures expected in 2025 [20] Q&A Session Summary Question: Year-end kiosk goals for 2025 and 2026 - Management has not publicly announced specific kiosk goals but aims to install remaining kiosks as soon as possible, with a focus on international expansion [23][24] Question: Incremental revenue lift from kiosks installed less than a year - Management indicated that kiosks typically see at least 50% growth in revenue in their second year compared to their first year [26] Question: Capital management priorities for the rest of the year - Management plans to be opportunistic with Bitcoin purchases and is focused on paying down debt, with limited M&A opportunities in the near term [31][32] Question: Factors causing deceleration in revenue growth for Q2 - Management noted seasonality in the business and a shift in transaction volume towards Q1 due to earlier tax refunds [35] Question: Increase in BDN transactions over the last four quarters - Management explained that the increase is due to the transaction tiers for KYC, with a significant number of transactions occurring at the $200 level [39][40] Question: Trends in California post-regulatory changes - Management reported that California remains lower in performance compared to other states due to regulatory changes, with a significant reduction in kiosk count [48]

Financial Data and Key Metrics Changes - Bitcoin Depot reported a 19% year-over-year revenue growth, reaching $164,200,000 compared to $138,500,000 in the same quarter last year [12] - Record net income of $12,200,000 was achieved, a significant increase from a net loss of $4,200,000 in the previous year [14] - Adjusted EBITDA increased by 315% to $20,300,000 compared to $4,900,000 in the first quarter of the previous year [14] - Cash from operating activities reached a record $16,300,000, up from $1,300,000 in the year-ago quarter [16] Business Line Data and Key Metrics Changes - The adjusted gross profit for Q1 increased by 92% year-over-year to $33,100,000 [13] - Median transaction size rose by 46% year-over-year to $300, contributing to total transaction volume of $163,800,000 [4] Market Data and Key Metrics Changes - The company ended Q1 with approximately 8,483 active machines and expects continued growth in kiosks for the remainder of the year [5] - Australia has been identified as a significant market for expansion, with over 100 kiosks deployed and a strong potential for Bitcoin adoption [7] Company Strategy and Development Direction - The company is focused on international expansion, with plans to enter at least two additional countries in 2025 [8] - Regulatory expansion into new markets is a priority, with ongoing discussions in New York State for potential operations in 2025 [9] - The company aims to optimize its business for profitability and positive cash flow, with a focus on operational enhancements [19] Management's Comments on Operating Environment and Future Outlook - Management noted that the business is experiencing seasonality, particularly correlated with tax return season, which may affect revenue growth [33] - The company remains optimistic about its growth strategy and the evolving regulatory environment, which is seen as a competitive advantage [10] Other Important Information - The leadership team has been strengthened with the appointment of a new CFO and an officer with expertise in legal and regulatory matters [11] - The company plans to focus on capital allocation strategies, including debt repayment and potential dividends, without significant capital expenditures expected in 2025 [18] Q&A Session Summary Question: Year-end kiosk goals for 2025 and 2026 - Management has not publicly announced specific kiosk goals but aims to install remaining kiosks as soon as possible, with a focus on international expansion [21][22] Question: Incremental revenue lift from kiosks installed less than a year - Management indicated that kiosks typically see at least 50% growth in revenue in their second year compared to the first [25] Question: Capital management priorities for the rest of the year - The company plans to be opportunistic with Bitcoin purchases and is focused on paying down debt, with no significant M&A opportunities anticipated in the near term [30][32] Question: Factors causing deceleration in revenue growth for Q2 - Management noted seasonality in the business and a shift in volume towards Q1 due to earlier tax refunds [33] Question: Increase in BDN transactions - The increase is attributed to the transaction tiers for KYC, with a significant number of transactions occurring at the $200 level [38] Question: Transaction count growth by cohort - Mature kiosks are seeing transaction counts in the mid double-digit range, with variability based on location [40] Question: Trends in California post-regulatory changes - California's performance remains lower than other states due to previous rule changes, with a significant reduction in kiosk count [46] Question: Drivers behind gross margin expansion - Margin expansion was driven by pricing strength and leveraging higher revenue across fixed costs [50] Question: Opportunities for acquiring more kiosks - The competitive landscape is shrinking, with potential opportunities to acquire kiosks from struggling smaller operators [52]

Core Viewpoint - Bitcoin Depot Inc. reported quarterly earnings of $0.20 per share, significantly exceeding the Zacks Consensus Estimate of $0.09 per share, and showing a turnaround from a loss of $0.25 per share a year ago, indicating strong performance in the recent quarter [1][2]. Financial Performance - The company achieved revenues of $164.23 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.28% and reflecting a year-over-year increase from $138.54 million [2]. - Over the last four quarters, Bitcoin Depot Inc. has exceeded consensus revenue estimates four times, although it has only surpassed consensus EPS estimates once [2]. Stock Performance - Since the beginning of the year, Bitcoin Depot Inc. shares have increased by approximately 4.9%, outperforming the S&P 500, which gained 0.2% [3]. - The stock currently holds a Zacks Rank of 3 (Hold), indicating it is expected to perform in line with the market in the near future [6]. Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.13, with projected revenues of $163.81 million, and for the current fiscal year, the EPS estimate is $0.34 on revenues of $610.61 million [7]. - The outlook for the Financial - Miscellaneous Services industry, where Bitcoin Depot Inc. operates, is favorable, ranking in the top 39% of over 250 Zacks industries, suggesting potential for outperformance [8].

Investor Presentation Q1 2025 Disclaimer For the purposes of this notice, this "presentation" will mean and include the slides, any oral presentation of the slides by members of management of Bitcoin Depot Inc. (together with its subsidiary, Bitcoin Depot Operating LLC (f/k/a Lux Vending, LLC d/b/a Bitcoin Depot), (the "Company") or any person on their behalf, any question-and-answer session that follows that oral presentation, hard copies of this document and any materials distributed at, or in connection ...

Core Insights - Bitcoin Depot Inc. reported a strong financial performance for Q1 2025, with a 19% year-over-year revenue increase to $164.2 million and a significant net income of $12.2 million compared to a net loss of $4.2 million in the prior year [1][5][3]. Financial Performance - Revenue for Q1 2025 increased by 19% to $164.2 million from $138.5 million in Q1 2024, driven by increased kiosk deployment and higher median transaction sizes [3]. - Net income for Q1 2025 rose to $12.2 million, a turnaround from a net loss of $4.2 million in Q1 2024, with net income attributable to common shareholders increasing to $4.2 million or $0.20 per share [5]. - Adjusted gross profit surged by 92% year-over-year to $33.1 million, with an adjusted gross profit margin of 20.2%, up from 12.5% in the previous year [6][29]. - Adjusted EBITDA saw a remarkable increase of 315% to $20.3 million compared to $4.9 million in Q1 2024, primarily due to higher revenue and gross profit [7]. Cost Management - Total operating expenses decreased by 7% to $15.3 million in Q1 2025 from $16.6 million in Q1 2024, attributed to lower depreciation and insurance costs as the company optimizes its cost structure [4]. Cash Flow and Investments - Cash from operations for Q1 2025 was reported at $16.3 million, a significant increase from $1.3 million in Q1 2024 [8]. - As of March 31, 2025, the company held $43.3 million in cash, cash equivalents, and cryptocurrencies, up from $31.0 million at the end of 2024, and acquired 83 additional Bitcoin during the quarter [8]. Future Outlook - The company anticipates low-to-mid-single-digit revenue growth for Q2 2025 compared to Q2 2024, indicating a cautious but positive outlook for continued growth [9].

Company Overview - Bitcoin Depot is a U.S.-based Bitcoin ATM operator and leading fintech company, founded in 2016, with a mission to connect cash users to the digital financial system [3] - The company provides users with efficient means to convert cash into Bitcoin, which can be used for payments, spending, and investing [3] - As of February 25, 2025, Bitcoin Depot has over 8,400 kiosk locations across 48 states, holding the largest market share in North America [3] Upcoming Financial Results - Bitcoin Depot will hold a conference call and live audio webcast on May 15, 2025, at 10:00 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2025 [1] - The financial results will be released before the market opens on the same day [1] Conference Call Details - The conference call can be accessed via U.S. and Canada toll-free number 888-596-4144 or toll number 646-968-2525, with Conference ID 4520708 [2] - A replay of the call will be available starting at 2:00 p.m. Eastern time through May 22, 2025 [2]