The price-to-sales ratio measures a company's market capitalization relative to its total revenue, which is one measure of how much investors are willing to pay for each dollar of a company's sales. A lower price-to-sales ratio is one of many factors that may suggest a company is undervalued compared to its peers. Market conditions and business performance are some additional factors that may also influence these comparisons.
Operating cash flow represents the cash a company generates from its core business operations and is a key measure of a company's financial health. It reflects a company's ability to generate cash and meet financial obligations, including debt payments and growth investments. Below is a chart comparing operating cash flow relative to market capitalization of Bitcoin Depot and some of its industry peers.
Information regarding market capitalization of Bitcoin Depot Inc. is taken from Google Finance as of March 20, 2025, and is subject to market fluctuations and other factors. Please see Google Finance for further information. Information regarding revenue is taken from Bitcoin Depot Inc.'s 10-K filed on March 24, 2025, and subject to other factors described therein. Please see such 10-K for further information. Information regarding cash flow is taken from Bitcoin Depot Inc.'s 10-K filed on March 24, 2025, and subject to other factors described therein. Please see such 10-K for further information.
Information regarding market capitalization of Coinbase Global Inc. is taken from Google Finance as of March 20, 2025, and is subject to market fluctuations and other factors. Please see Google Finance for further information. Information regarding revenue is taken from Coinbase Global Inc.'s 10-K filed on February 13, 2025, and subject to other factors described therein. Please see such 10-K for further information. Information regarding cash flow is taken from Coinbase Global Inc.'s 10-K filed on February 13, 2025, and subject to other factors described therein. Please see such 10-K for further information.
Information regarding market capitalization of Marathon Digital Holdings, Inc. is taken from Google Finance as of March 20, 2025, and is subject to market fluctuations and other factors. Please see Google Finance for further information. Information regarding revenue is taken from Marathon Digital Holdings, Inc.'s 10-K filed on March 3, 2025, and subject to other factors described therein. Please see such 10-K for further information. Information regarding cash flow is taken from Marathon Digital Holdings, Inc.'s 10-K filed on March 3, 2025, and subject to other factors described therein. Please see such 10-K for further information.
Information regarding market capitalization of Riot Platforms Inc. is taken from Google Finance as of March 20, 2025, and is subject to market fluctuations and other factors. Please see Google Finance for further information. Information regarding revenue is taken from Riot Platforms Inc.'s 10-K filed on February 28, 2025, and subject to other factors described therein. Please see such 10-K, for further information. Information regarding cash flow is taken from Riot Platforms Inc.'s 10-K filed on February 28, 2025, and subject to other factors described therein. Please see such 10-K, for further information.
Information regarding market capitalization of Bitfarms Ltd. is taken from Google Finance as of March 7, 2025, and is subject to market fluctuations and other factors. Please see Google Finance for further information. Information regarding revenue is taken from Bitfarms Ltd.'s 40-F filed on March 07, 2024, 6-K filed on November 07, 2023, and the 6-K filed on November 13, 2024, and subject to other factors described therein. Please see such 40-F, November 2024 6-K, and November 2023 6-K for further information. Information regarding cash flow is taken from Bitfarms Ltd.'s 40-F filed on March 07, 2024, 6-K filed on November 07, 2023, 6-K filed on August 8, 2024 and the 6-K filed on November 13, 2024, and subject to other factors described therein. Please see such 40-F, November 2024 6-K, August 2024 6-K, and November 2023 6-K for further information.
This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, our ability to strengthen our financial profile, and worldwide growth in the adoption and use of cryptocurrencies. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,“ ”plan,“ ”potential,“ ”priorities,“ ”project,“ ”pursue,“ ”seek,“ ”should,“ ”target,“ ”when,“ ”will,“ ”would,” or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; risks relating to the uncertainty of our projected financial information; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.