The Largest Operator Of Bitcoin ATMs Is Projecting A 40% Core Revenue Dip In 2026 – BTM Stock Hits Record Low

CEO Scott Buchanan said the company is betting on other avenues, like its recent foray into prediction market, to provide growth.

• The firm posted fourth-quarter revenue of $116 million, slightly above analyst estimates but below the $136.8 million reported a year earlier.
• The company reported a loss of $0.81 per share, larger than the expected $0.47 loss.
• Bitcoin Depot forecast that revenue from its core business could fall between 30% and 40% in fiscal year 2026.

Shares of Bitcoin Depot (BTM) dropped to an all-time low in morning trade on Monday after the company reported fourth quarter earnings that missed estimates and forecast revenue to drop 30% to 40% in the financial year of 2026.

BTM’s stock fell over 10% to a record low of $3.75, according to TradingView data. On Stocktwits, with retail sentiment around the stock trending in ‘bearish’ territory over the past day.

BTM retail sentiment and message volume on March 16 as of 10:35 a.m. ET | Source: Stocktwits

Meanwhile, Bitcoin (BTC) rose over 4% in the last 24 hours to cross $74,000. However, BTM only owns around 100 BTC on its balance sheets and does not depend on the apex cryptocurrency’s appreciation for revenue.

Revenue Declines Despite Beating Estimates

The fall came after the the largest operator of Bitcoin ATMs in North America reported revenue of $116 million in the fourth quarter (Q4), beating analyst estimates of $114 million as per Koyfin data. However, it was lower than the $136.8 million reported last year. “This decrease was driven by recently enacted state regulations and enhanced compliance standards,” management said.

Bitcoin Depot also reported a loss of $0.81 per share, wider than the expected $0.47 loss per share. 

Bitcoin Depot Projects Revenue Drop In 2026

Going into next year, the company said it expects revenue for its core business to fall by 30% to 40%. “This estimate reflects the uncertainty presented by the dynamic regulatory environment and enhanced compliance standards,” management said. “While these will weigh on near-term results, we believe they will reinforce the integrity and sustainability of our business over the long term.”

It plans to expand other revenue streams like its recent foray into prediction markets after the acquisition of Kutt, a peer-to-peer social betting platform, announced earlier this month. 

“This acquisition marks our first entry into the P2P social betting market and reflects our broader strategy to thoughtfully diversify beyond our core Bitcoin ATM business while leveraging our payments infrastructure and compliance expertise,” said Scott Buchanan, CEO of Bitcoin Depot.

BTM’s stock is down over 57% this year and over 59% in the 12 months. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.<