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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Summary of Net Income Related Segmant Information 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.