TFTC(@TFTC21):Bitcoin Depot, the largest Bitcoin ATM operator in the US, reported a 49.2% year-over-year revenue decline in Q1 2026 and swung to a $9.5 million net loss, compared to $12.2 million in net income in the same quarter last year. Gross profit collapsed 85.5%, falling from $31.2 million to $4.5 million. Cash reserves dropped from $65.6 million to $44 million. The company has flagged going-concern doubt, delayed its 10-Q filing, faces over $20 million in legal judgments, and is exploring restructuring options. Bitcoin Depot operates thousands of Bitcoin ATMs across the US and trades on Nasdaq under the ticker $BTM.

2026.05.15 18:52

Bitcoin Depot, the largest Bitcoin ATM operator in the US, reported a 49.2% year-over-year revenue decline in Q1 2026 and swung to a $9.5 million net loss, compared to $12.2 million in net income in the same quarter last year. Gross profit collapsed 85.5%, falling from $31.2 million to $4.5 million. Cash reserves dropped from $65.6 million to $44 million. The company has flagged going-concern doubt, delayed its 10-Q filing, faces over $20 million in legal judgments, and is exploring restructuring options. Bitcoin Depot operates thousands of Bitcoin ATMs across the US and trades on Nasdaq under the ticker $BTM.