Bitcoin Depot Company Overview
Reconciliation of Non-GAAP Financials
($mm)
Actual
CY2020 CY2021
9M 2021 9M 2022
Revenue
$ 245 $ 549
$
Cost of Revenue (excluding Depreciation & Amortization) (1)
Adjusted Gross Profit
(214) (493)
397 $
(355)
497
(444)
$ 31 $ 56 $ 42 $ 53
($mm)
Net Income
Interest Expense
Income Tax Expense (Benefit)
Depreciation & Amortization
Non-Recurring Expenses
(2)
Special Bonus
Adjusted EBITDA
Actual
CY2020 CY2021
9M 2021 9M 2022
$ 14 $ 6 $
1
8
10 $
5
4
9
(0)
(0)
(1)
203
13
8
14
3
2
3
$
21 $
30
+A
25 $
30
30
Note: Non-GAAP financials are unaudited figures.
(1) Cost of Revenue (excluding Depreciation & Amortization) consists primarily of direct costs related to selling digital assets and operating Bitcoin Depot's network of kiosks, excluding depreciation and
amortization.
(2) Non-recurring expenses include, but are not limited to, those relating to legal and accounting services and recruiting fees.
BITCOIN DEPOT
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