Bitcoin Depot shares surge 10.31% intraday after Q3 earnings and revenue exceed estimates, boosting market optimism.

Bitcoin Depot Inc. (NASDAQ:BTM) surged 10.31% in intraday trading following the release of its Q3 2025 earnings and revenue results, which exceeded analyst estimates. The company reported $162.5 million in third-quarter revenue, a 20% year-over-year increase, and a 139% rise in net income to $5.5 million. Additionally, Bitcoin Depot announced a $10 million share repurchase program, signaling confidence in its valuation and strategic growth. These developments, coupled with recent expansion initiatives, including 400 new retail locations in Iowa and Louisiana, likely drove the sharp intraday rally. While the stock faces ongoing legal challenges, including an $18.47 million arbitration award, the immediate price action appears tied to improved earnings performance and capital return commitments.