Segment Reporting

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Segment Reporting

(4) Segment Reporting

The Company operates as a single operating segment, with the Chief Executive Officer serving as the CODM. The CODM evaluates performance and allocates resources on a consolidated basis, reviewing financial and operational information for the entire organization rather than assessing discrete product or service lines or geographic locations. The Company concluded that it has a single reportable segment based on the similarity of the Company's products and services, its common customer base and the comparable regulatory environment in which it operates.

Revenue is primarily generated through cash paid by customers to purchase Bitcoin from the Company's kiosks with a minimal amount of revenue generated from other products and services. See Note 6 - Revenue for more information on the Company's revenue generating products and services.

As of and for the six months ended June 30, 2025 and 2024, substantially all of the Company's revenue was generated in the U.S., and substantially all of its long-lived assets were located in the US.

As the CODM focuses on overall Company performance, any asset information used for decision-making purposes aligns with the consolidated totals presented in the Consolidated Balance Sheets. See the Consolidated Balance Sheets for additional information on the Company's asset composition.

The CODM considers multiple measures of profit or loss such as, EBITDA, Adjusted EBITDA, and Net Income and uses these measures to assess the Company's overall performance, compare actual results to budgets, and guide decisions on capital investments and other resource allocations. The table below summarizes net income related segment information used by the CODM to evaluate the Company's performance:

	Three Months Ended June 30,					Six Months Ended June 30,
	2025			2024		2025			2024
Revenue	$	172,108		$	163,066	$	336,334		$	301,605
Cost of cryptocurrency sold (1)		123,263			121,759		240,508			230,223
Armored cash collection		1,880			1,917		3,498			3,903
Wireless connectivity costs		831			647		1,639			1,245
Loss on foreign currency transactions		133			138		120			265
Share-based compensation		704			1,728		1,072			2,625
Kiosk shipping and services		733			2,227		1,572			3,109
Floorspace leases		9,813			9,120		19,130			17,656
Bank fees		898			829		1,689			1,477
Unrealized gain on cryptocurrency held for investment		(2,315	)		—		(1,221	)		—
Payroll costs		5,612			5,904		11,495			11,698
Advertising and marketing costs		1,518			1,581		3,214			3,303
Professional fees		3,108			2,809		6,034			4,461
Operating software costs		1,228			832		2,174			1,741
Interest		4,726			2,880		7,794			7,824
Income tax expense		1,162			270		2,614			132
Amortization		377			355		751			733
Depreciation		1,492			2,637		3,015			5,206
Other segment items (2)		4,622			3,083		6,737			5,882
Net income	$	12,323		$	4,350	$	24,499		$	122

(1) Includes cryptocurrency impairments for the three and six months ended June 30, 2024 of $2.0 million and $4.1 million, respectively.

(2) Includes insurance and other expenses.