Bitcoin Depot announced strong preliminary financial results for the third quarter ended September 30, 2025, on October 1, 2025. The company expects revenue to be approximately $160 million, representing an 18% increase compared to the $135.3 million reported in Q3 2024.
The company also anticipates reporting an approximate 50% increase in adjusted EBITDA compared to the $9.2 million reported in the third quarter of 2024. CEO Brandon Mintz stated that these results exceed guidance for both revenue and adjusted EBITDA.
Mintz attributed the growth to the strength of the BTM network, disciplined execution, and ongoing consumer adoption of cryptocurrency, which led to kiosk performance exceeding expectations. The full audited third quarter financial results are planned for release in November.
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