ABIT
Athena Bitcoin Global0.0090
-0.0010-10%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
36.86MP/E (TTM)
-Basic EPS (TTM)
-0.05Dividend Yield
0%Recent Filings
10-K
FY2025 results
Athena Bitcoin Global ended FY2025 ended December 31, 2025, with 2,953 active ATMs, down 5% from 3,111 at FY2024 end, amid Bitcoin's price peaking at $124,457 in Q3 before settling at $87,711. Revenue fell 18% y/y to $234.6M, driven by 30% lower median ATM transaction size ($105 vs $150) despite 15% more transactions (213,683), yielding gross profit of $24.8M (11% margin, down from 13%). Operating income plunged 95% to $1.0M on higher G&A (+56%) and $5.3M debt extinguishment loss; net loss $6.0M vs $10.3M profit. Q4 momentum slowed with ATM fleet contraction and regulatory pressures in states like California. Cash fell to $11.4M; $21.3M debt reduced via $9.0M Taproot settlement. No 2026 guidance disclosed. Regulatory risks from state kiosk laws could curb quarterly volumes.
8-K
Repaid $3M debenture early
Athena Bitcoin Global voluntarily repaid its ~$3 million Convertible Debenture to KGPLA Holdings—linked to a former director and current board member—on November 24, 2025, using cash on hand with no penalties. This terminated the related Senior Secured Loan and Security Agreements, freeing all collateral. Debt clean-up complete.
10-Q
Q3 FY2025 results
Athena Bitcoin Global posted Q3 revenues of $57.4M, down 17% y/y from $69.4M yet holding gross margins steady at 12.6% versus 11.6% (derived). Operating income fell to $2.9M from $4.1M y/y on higher G&A, while YTD revenue dipped 13% y/y to $192.9M with operating income of $9.6M versus $21.2M. Q3 net loss swung to $(2.5M) or $(0.00060) diluted EPS from $2.3M profit, driven by $4.6M loss on debt extinguishment—net differed from operating by >20% due to that item, fees on virtual vault services, and other expense (filing labels). Cash fell to $14.6M from $17.5M year-end; operating cash flow YTD $7.7M less capex yielded $6.6M FCF (derived). September 2025 settled Taproot debt for $9M ($3M cash + weekly payments), clearing equipment liens. Debt stands at $5.7M short-term plus $3M related-party convertible. Ongoing class actions over scams and messaging risk consumer trust.
8-K
Settlement clears ATM liens
Athena Bitcoin Global's subsidiary Athena Bitcoin inked a settlement on September 4, 2025, terminating multiple equipment financing and service pacts with Taproot parties, buying out liabilities for $9.03 million payable in 12 monthly tranches with early payment discounts. This clears liens, hands full ownership of Bitcoin ATMs and source code to Athena, and scraps revenue-sharing setups. No penalties hit. Taproot faces a three-year non-compete.
10-Q
Q2 FY2025 results
Athena Bitcoin Global's Q2 FY2025 results showed revenue dipping 11% y/y to $62.8M amid market uncertainty and softer Bitcoin prices, yet gross profit held at $7.8M with margins steady at 12.4% thanks to tighter cost controls on crypto acquisitions. Operating income fell 66% y/y to $2.4M as general and administrative expenses climbed 50% from added public company costs and staffing, while diluted EPS dropped to $0.00033 from $0.00089, reconciled against 4.3B weighted shares with no anti-dilution flagged. Cash from operations stayed positive at $5.3M YTD, supporting $17.4M in cash and $4.2M equipment notes payable (down from $6.4M year-end), with $3.0M related-party convertible debt due 2026. The Affiliates Program rolled out in June, boosting network reach without heavy capex. Regulatory pressures on crypto ATMs loom large.
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