Bitcoin Depot reported strong second quarter 2025 financial results, with revenue increasing 6% year-over-year to $172.1 million, up from $163.1 million in Q2 2024. This growth was driven by increased kiosk deployment and higher median transaction size. Total operating expenses declined by 9% to $17.0 million, reflecting ongoing cost optimization.
Net income for Q2 2025 increased by 183% to $12.3 million, compared to $4.4 million in the prior year quarter. Net income attributable to common shareholders rose to $6.1 million, or $0.16 per share, from a net loss of $2.6 million, or ($0.13) per share, in Q2 2024. Gross profit increased by 32% to $30.9 million, with gross profit margin expanding by 360 basis points to 17.9%.
Adjusted EBITDA increased by 46% to $18.5 million. The company's cash, cash equivalents, and cryptocurrencies totaled $59.6 million as of June 30, 2025, and it acquired an additional 6.00 Bitcoin, bringing total holdings to 100.35 BTC. Net cash flows from operations for the first six months of 2025 were $26.4 million. For Q3 2025, the company expects high-single digit revenue growth and Adjusted EBITDA 20% to 30% above the prior year quarter.
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