Overview
Compare with Hut 8, Keel Infrastructure Corp. or Cipher Digital Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
10.6%Gross margin4
0.4%Operating margin4
-2.6%Net margin4
-17.8%Revenue growth, 20254
-39.4%Return on equity4
0.29×Debt to equity4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Athena ATMs brought in 96% of the revenue Athena Bitcoin Global broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Athena ATMs | $275.0M | $226.5M |
| Athena Plus | $5.0M | $4.3M |
| White Labeled ATMs | $4.8M | $2.8M |
| Virtual Vault Services | $2.1M | $1.6M |
| Athena Pay Ancillary And Other | $615.0K | $996.0K |
Regions
United States brought in 96% of the revenue Athena Bitcoin Global broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $276.1M | $226.3M |
| SV | $9.0M | $8.0M |
| AR | $323.0K | $278.0K |
| CO | $323.0K | $278.0K |
| Mexico | $323.0K | $278.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue89¢$209.8M
- Research and development1¢$1.6M
- Other costs9¢$21.9M
- Interest0¢$745.0K
- Income tax0¢$655.0K
Out of $234.6M in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$12.6M
Out of $12.6M of cash from operations.4
Financial statements
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $234.6M | $285.4M |
| Cost of revenues | $209.8M | $247.4M |
| Gross profit | $24.8M | $38.0M |
| Technology and development | $1.6M | $1.4M |
| General and administrative | $16.4M | $10.5M |
| Sales and marketing | $1.6M | $1.9M |
| Credit loss expense | $0 | $798.0K |
| Litigation expense | $3.5M | $3.0M |
| Other operating expense | $836.0K | $1.1M |
| Total operating expenses | $23.8M | $18.7M |
| Income from operations | $1.0M | $19.3M |
| Interest expense | $745.0K | $1.9M |
| Fees on virtual vault services | $1.6M | $2.1M |
| Loss on extinguishment of debt | $5.3M | $0 |
| Other expense | $98.0K | $331.0K |
| (Loss) income before income taxes | -$6.7M | $15.0M |
| Income tax (benefit) expense | -$655.0K | $4.7M |
| Basic (loss) earnings per share | -$0.00 | $0.00 |
| Diluted (loss) earnings per share | -$0.00 | $0.00 |
| Weighted average shares outstanding - Basic | 4.1B shares | 4.1B shares |
| Weighted average shares outstanding - Diluted | 4.1B shares | 4.5B shares |
| Net (loss) income | -$6.0M | $10.3M |
| Foreign currency translation adjustment, net of tax | -$29.0K | $14.0K |
| Comprehensive (loss) income | -$6.1M | $10.3M |
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents, net | $11.4M | $17.5M | |
| Restricted cash held for customers | $3.8M | $122.0K | |
| Crypto assets held, net | $945.0K | $1.2M | |
| Accounts receivable, net | $4.1M | $1.3M | |
| Prepaid expenses and other current assets | $4.0M | $2.7M | |
| Total current assets | $24.2M | $22.9M | |
| Property and equipment, net | $12.3M | $16.2M | |
| Software development, net | $4.0M | $5.2M | |
| Right of use assets operating leases | $29.0M | $33.6M | |
| Other noncurrent assets | $69.0K | $26.0K | |
| Total assets | $69.5M | $78.0M | |
| Accounts payable and accrued expenses | $15.9M | $11.1M | |
| Accounts payable, related-party | $255.0K | $818.0K | |
| Liability for cash held for customers | $3.8M | $122.0K | |
| Operating lease liabilities, current portion | $8.8M | $9.6M | |
| Equipment notes payable, current portion | $0 | $3.1M | |
| Short-term debt | $4.4M | $256.0K | |
| Other current liabilities | $373.0K | $376.0K | |
| Total current liabilities | $33.4M | $25.4M | |
| Operating lease liabilities, net of current portion | $20.4M | $24.0M | |
| Equipment notes payable, net of current portion | $0 | $3.3M | |
| Deferred tax liabilities, net | $388.0K | $914.0K | |
| Convertible debt, related-party | $0 | $3.0M | |
| Total long-term liabilities | $20.8M | $31.2M | |
| Total liabilities | $54.2M | $56.7M | |
| Preferred stock, $0.001 par value 5,000,000,000 shares authorized; No shares issued and outstanding as of December 31, 2025, and 2024. | $0 | $0 | |
| Common stock, $0.001 par value 10,000,000,000 shares authorized; 4,095,009,545 shares issued and outstanding as of December 31, 2025, and 2024. | $4.1M | $4.1M | |
| Additional paid in capital | $12.0M | $12.0M | |
| Accumulated (deficit) income | -$497.0K | $5.5M | |
| Accumulated other comprehensive loss | -$270.0K | -$241.0K | |
| Total stockholders equity | $15.3M | $21.4M | $11.0M |
| Total liabilities and stockholders equity | $69.5M | $78.0M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 5.0B shares | 5.0B shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 10.0B shares | 10.0B shares | |
| Common stock, shares issued | 4.1B shares | 4.1B shares | |
| Common stock, shares outstanding | 4.1B shares | 4.1B shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net (loss) income | -$6.0M | $10.3M |
| Depreciation and amortization | $9.5M | $5.2M |
| Unrealized loss of crypto assets held | $112.0K | $0 |
| Impairment of crypto assets held | $0 | $1.8M |
| Credit loss expense | $0 | $798.0K |
| Realized loss on crypto assets, net | $17.0K | $22.0K |
| Bitcoin payments for expenses | $616.0K | $3.7M |
| Bitcoin received from independent Bitcoin ATM operators [affiliates program] | -$1.4M | $0 |
| Loss on disposal of property and equipment | $63.0K | $0 |
| Non-cash loss on extinguishment of debt | $5.3M | $0 |
| Deferred income tax | -$526.0K | $518.0K |
| Crypto assets held | -$1.7M | -$8.3M |
| Accounts receivable | -$2.7M | -$1.5M |
| Prepaid expenses and other assets | -$1.2M | -$2.3M |
| Liability for cash held for customers | $3.7M | -$133.0K |
| Accounts payable and other liabilities | $6.9M | $7.7M |
| Net cash provided by operating activities | $12.6M | $17.7M |
| Purchases of property and equipment | -$1.5M | -$6.8M |
| Capitalized software | -$2.5M | -$3.0M |
| Net cash used in investing activities | -$4.0M | -$9.8M |
| Proceeds from debt | $721.0K | $456.0K |
| Repayment of debt | -$3.6M | -$4.8M |
| Payments in reduction of financing leases | $0 | -$1.1M |
| Payments in reduction of equipment notes payable | -$8.2M | -$3.1M |
| Proceeds from issuance of stock | $0 | $57.0K |
| Net cash used in financing activities | -$11.1M | -$8.6M |
| Effect of exchange rate changed on cash and cash equivalents | -$29.0K | $14.0K |
| Net decrease in cash and cash equivalents | -$2.5M | -$732.0K |
| Cash paid for interest | $810.0K | $711.0K |
| Leased assets obtained in exchange for operating lease liabilities | $9.7M | $17.8M |
| Leased assets obtained due to remeasurement of lease term | $0 | $6.1M |
| Property and equipment purchased in accounts payable | $12.0K | $73.0K |
| Software development purchased in accounts payable | $0 | $2.5M |
| Short-term debt replacing equipment financing | $9.0M | $0 |
| Accounts payable refinanced with equipment notes payable | $0 | $2.5M |
| Purchase of property and equipment under finance lease | $0 | $693.0K |
| Purchase of property and equipment financed with equipment notes payable | $0 | $9.8M |
| Imputed interest on property and equipment financed with equipment notes payable | $0 | $1.6M |
| Bitcoin used to buy property and equipment | $2.4M | $181.0K |
| Bitcoin used to pay interest | $0 | $1.0M |
| Bitcoin and Stablecoin used for other payments | $170.0K | $1.9M |
Subsidiaries and ownership
Subsidiaries
- Athena Bitcoin S. de C.V.
- Athena Business Holdings Panama S.A.
- Athena Holding Company S.R.L
- Athena Holdings Colombia SAS
- Athena Holdings El Salvador, S.A. de C.V.
- Athena Holdings of PR LLC
- Athena Bitcoin, Inc. since Jan 30, 2020
From Wikidata.1
Acquisitions
- Jan 30, 2020Athena Bitcoin, Inc. became a subsidiary1
Former names
- GAMEPLAN INCSep 23, 1999 to Feb 4, 20203
Recent filings
- May 22, 202615-12G FORM 15
- May 19, 2026EFFECT
- May 19, 2026EFFECT
- May 15, 2026POS AM POST-EFFECTIVE AMENDMENT 1
- May 15, 2026POS AM POST-EFFECTIVE AMENDMENT 1
- May 14, 202610-Q FORM 10-Q FOR MAR 2026
- Mar 6, 202610-K FORM 10-K FOR DEC 2025
- Dec 1, 20258-K CURRENT REPORT
- Nov 17, 2025424B3 FORM 424(B)(3)
- Nov 17, 2025424B3 FORM 424(B)(3)
- Nov 13, 202510-Q FORM 10-Q FOR SEP 2025
- Sep 10, 20258-K
- Sep 2, 2025424B3 SUPPLEMENT NO. 1 TO PROSPECTUS DATED 7-2-25
- Sep 2, 2025424B3 SUPPLEMENT NO. 1 TO PROSPECTUS DATED 5-14-25
- Aug 13, 202510-Q FORM 10-Q FOR JUNE 2025
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- WikidataQ137272371
- SEC EDGARCIK 1095146
Sources
The numbers on this page point here. Each one links to the record it came from.
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