American Bitcoin Corp Financials

ABTC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows American Bitcoin Corp (ABTC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 42/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

American Bitcoin Corp has an operating margin of -86.4%, meaning the company retains $-86 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -87.5% the prior year.

Growth

American Bitcoin Corp's revenue declined 6.3% year-over-year, from $21.9M to $20.5M. This contraction results in a growth score of 11/100.

Leverage

100

American Bitcoin Corp carries a low D/E ratio of 0.09, meaning only $0.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.04, American Bitcoin Corp holds $3.04 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While American Bitcoin Corp generated -$3.4M in operating cash flow, capex of $1.1M consumed most of it, leaving -$4.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

5/9

American Bitcoin Corp passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.16x

For every $1 of reported earnings, American Bitcoin Corp generates $0.16 in operating cash flow (-$3.4M OCF vs -$21.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-19.4x

American Bitcoin Corp earns $-19.4 in operating income for every $1 of interest expense (-$17.7M vs $914K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Revenue

$20.5M

YoY-6.3%

5Y CAGR+13.7%

American Bitcoin Corp generated $20.5M in revenue in fiscal year 2024. This represents a decrease of 6.3% from the prior year.

EBITDA

-$6.6M

YoY+64.0%

American Bitcoin Corp's EBITDA was -$6.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 64.0% from the prior year.

Free Cash Flow

-$4.5M

YoY-500.3%

American Bitcoin Corp generated -$4.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 500.3% from the prior year.

Net Income

-$21.3M

YoY+25.5%

American Bitcoin Corp reported -$21.3M in net income in fiscal year 2024. This represents an increase of 25.5% from the prior year.

EPS (Diluted)

$-0.51

YoY+38.6%

American Bitcoin Corp earned $-0.51 per diluted share (EPS) in fiscal year 2024. This represents an increase of 38.6% from the prior year.

Cash & Debt

$735K

YoY-19.7%

5Y CAGR-49.3%

American Bitcoin Corp held $735K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

53M

YoY+54.0%

American Bitcoin Corp had 53M shares outstanding in fiscal year 2024. This represents an increase of 54.0% from the prior year.

Gross Margin

23.0%

YoY+7.3pp

5Y CAGR-34.2pp

American Bitcoin Corp's gross margin was 23.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 7.3 percentage points from the prior year.

Operating Margin

-86.4%

YoY+1.1pp

5Y CAGR+29.2pp

American Bitcoin Corp's operating margin was -86.4% in fiscal year 2024, reflecting core business profitability. This is up 1.1 percentage points from the prior year.

Net Margin

-103.7%

YoY+26.7pp

5Y CAGR+29.5pp

American Bitcoin Corp's net profit margin was -103.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 26.7 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.1M

YoY-43.2%

American Bitcoin Corp invested $1.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 43.2% from the prior year.

ABTC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$20.5M-6.3%	$21.9M+109.6%	$10.5M-40.7%	$17.6M+40.2%	$12.6M+16.2%	$10.8M
Cost of Revenue	$15.8M+17.5%	$13.5M+174.1%	$4.9M-33.9%	$7.4M+19.7%	$6.2M+34.0%	$4.6M
Gross Profit	$4.7M+37.4%	$3.4M-38.1%	$5.5M-45.6%	$10.2M+60.2%	$6.4M+2.8%	$6.2M
R&D Expenses	N/A	$2.3M-42.9%	$4.1M-30.6%	$5.9M+83.8%	$3.2M-42.4%	$5.6M
SG&A Expenses	$11.3M+136.7%	$4.8M-40.6%	$8.0M-21.2%	$10.2M-28.2%	$14.2M+7.8%	$13.1M
Operating Income	-$17.7M+7.5%	-$19.2M+55.5%	-$43.1M-30.1%	-$33.1M-91.7%	-$17.3M-38.0%	-$12.5M
Interest Expense	$914K+20.6%	$758K	N/A	N/A	$4K+104.1%	-$91K
Income Tax	N/A	-$176K+74.9%	-$701K+69.0%	-$2.3M-7405.9%	$31K	N/A
Net Income	-$21.3M+25.5%	-$28.6M+63.8%	-$79.1M-152.3%	-$31.3M-130.8%	-$13.6M+5.9%	-$14.4M
EPS (Diluted)	$-0.51+38.6%	$-0.83	$-546.56	$-24.24	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$64.2M+4563.8%	$1.4M-11.6%	$1.6M	N/A	$11.6M+110.5%	$5.5M-26.4%	$7.5M+23.0%	$6.1M
Cost of Revenue	$28.3M+1658.6%	$1.6M-21.7%	$2.1M	N/A	$11.1M+192.5%	$3.8M-21.4%	$4.8M-13.7%	$5.6M
Gross Profit	$35.9M+15658.9%	-$231K+53.4%	-$496K	N/A	$485K-71.7%	$1.7M-35.5%	$2.7M+449.2%	$483K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$182K
SG&A Expenses	$8.1M+388.9%	$1.6M-45.1%	$3.0M	N/A	$4.8M+25.7%	$3.8M+55.5%	$2.5M+63.0%	$1.5M
Operating Income	$7.2M+422.5%	-$2.2M+59.2%	-$5.5M	N/A	-$10.2M-73.7%	-$5.9M-276.0%	-$1.6M+72.2%	-$5.6M
Interest Expense	N/A	$6K	N/A	N/A	$283K+0.4%	$282K-13.5%	$326K-39.7%	$540K
Income Tax	$1.8M	N/A	N/A	N/A	-$573K	N/A	N/A	N/A
Net Income	$3.5M+1.3%	$3.4M+103.4%	-$100.6M	N/A	-$576K+99.1%	-$61.1M-126.5%	$230.4M+2198.5%	-$11.0M
EPS (Diluted)	N/A	$-0.07+22.2%	$-0.09	N/A	$-0.15-50.0%	$-0.10+72.2%	$-0.36	N/A

ABTC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.1B+5774.5%	$18.8M-3.3%	$19.5M-79.4%	$94.5M+61.4%	$58.5M+141.8%	$24.2M
Current Assets	$153.1M+2736.5%	$5.4M-49.8%	$10.8M-41.0%	$18.2M-34.3%	$27.7M+14.6%	$24.2M
Cash & Equivalents	$735K-19.7%	$915K+242.7%	$267K-97.9%	$12.6M-47.9%	$24.2M+10.5%	$21.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$486K+13.0%	$430K-50.8%	$874K-53.1%	$1.9M+48.1%	$1.3M
Goodwill	$53.1M	N/A	$18.7M-43.1%	$32.8M+62.2%	$20.3M	N/A
Total Liabilities	$91.3M+120.1%	-$454.9M-6187.7%	-$7.2M-121.0%	$34.5M+50.1%	$23.0M+319.6%	$5.5M
Current Liabilities	$50.3M+159.0%	$19.4M-13.7%	$22.5M-22.8%	$29.2M+148.2%	$11.8M+381.3%	$2.4M
Long-Term Debt	N/A	$5.1M+266.0%	$1.4M-65.7%	$4.1M	N/A	N/A
Total Equity	$1.0B+114.2%	$473.8M+1674.2%	$26.7M-55.5%	$59.9M+68.8%	$35.5M+89.7%	$18.7M
Retained Earnings	-$67.7M-43.6%	-$47.2M+71.8%	-$167.6M-89.3%	-$88.5M-115.1%	-$41.2M-49.2%	-$27.6M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$1.2B+18664.3%	$6.2M-31.0%	$9.0M-99.2%	$1.1B+14564.0%	$7.5M-34.1%	$11.4M-35.6%	$17.8M-5.6%	$18.8M
Current Assets	$10.9M+269.5%	$3.0M-26.2%	$4.0M-97.4%	$153.1M+8970.8%	$1.7M-48.0%	$3.2M-54.3%	$7.1M+31.4%	$5.4M
Cash & Equivalents	$8.0M+1076.4%	$678K+113.2%	$318K-56.7%	$735K+99.7%	$368K-69.8%	$1.2M-29.8%	$1.7M+89.8%	$915K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$175K	N/A	$1K0.0%	$1K-99.7%	$290K-40.3%	$486K
Goodwill	$151.8M	N/A	N/A	$53.1M	N/A	N/A	N/A	N/A
Total Liabilities	$587.4M+276.1%	-$333.5M-212.4%	-$106.8M-216.9%	$91.3M+113.2%	-$690.0M-14.5%	-$602.8M+11.2%	-$679.0M-49.2%	-$454.9M
Current Liabilities	$148.1M+1143.7%	$11.9M+5.3%	$11.3M-77.5%	$50.3M+90.6%	$26.4M+3.8%	$25.4M-15.7%	$30.2M+55.4%	$19.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$5.1M
Total Equity	$575.5M+69.4%	$339.7M+193.5%	$115.8M-88.6%	$1.0B+45.5%	$697.5M+13.6%	$614.3M-11.8%	$696.8M+47.1%	$473.8M
Retained Earnings	$6.9M+108.7%	-$79.3M-7.1%	-$74.0M-9.3%	-$67.7M+0.6%	-$68.1M-9.6%	-$62.2M-6.9%	-$58.2M-23.3%	-$47.2M

ABTC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$3.4M-212.8%	$3.0M+127.6%	-$10.9M-33.5%	-$8.2M+43.1%	-$14.3M-58.6%	-$9.0M
Capital Expenditures	$1.1M-43.2%	$1.9M+5840.3%	$32K-18.8%	$39K	N/A	N/A
Free Cash Flow	-$4.5M-500.3%	$1.1M+110.2%	-$10.9M-33.2%	-$8.2M	N/A	N/A
Investing Cash Flow	-$2.7M-21.9%	-$2.3M+43.3%	-$4.0M+62.1%	-$10.5M-191.4%	-$3.6M-119.1%	$18.8M
Financing Cash Flow	$6.0M+5570.6%	-$109K-101.3%	$8.6M-41.4%	$14.7M-27.2%	$20.2M+102.3%	$10.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$39.0M-4333.2%	-$879K+72.7%	-$3.2M-104.3%	$74.2M+196.6%	-$76.8M-38314.9%	$201K+120.4%	-$983K-1754.7%	-$53K
Capital Expenditures	N/A	N/A	N/A	-$2.5M-200.0%	$2.5M	N/A	N/A	$352K
Free Cash Flow	N/A	N/A	N/A	$71.7M+190.4%	-$79.3M	N/A	N/A	-$405K
Investing Cash Flow	-$279.1M-797265.7%	-$35K+98.0%	-$1.8M+95.3%	-$38.2M-204.9%	$36.4M	N/A	N/A	-$352K
Financing Cash Flow	$326.1M+25494.9%	$1.3M-72.2%	$4.6M+112.6%	-$36.2M-190.2%	$40.1M+16983.0%	$235K-87.0%	$1.8M+2223.5%	-$85K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$72K	N/A	N/A	N/A	N/A	N/A

ABTC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	23.0%+7.3pp	15.7%-37.4pp	53.0%-4.8pp	57.8%+7.2pp	50.6%-6.6pp	57.2%
Operating Margin	-86.4%+1.1pp	-87.5%+324.5pp	-412.0%-224.1pp	-187.8%-50.5pp	-137.4%-21.8pp	-115.6%
Net Margin	-103.7%+26.7pp	-130.4%+625.5pp	-755.9%-578.2pp	-177.7%-69.8pp	-107.9%+25.3pp	-133.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1.9%+149.9pp	-151.8%+254.2pp	-406.1%-372.9pp	-33.2%-10.0pp	-23.2%+36.4pp	-59.6%
Current Ratio	3.04+2.8	0.28-0.2	0.48-0.1	0.62-1.7	2.36-7.5	9.91
Debt-to-Equity	0.09+0.1	0.01-0.0	0.05-0.0	0.07-0.6	0.65+0.4	0.29
FCF Margin	-21.8%-26.9pp	5.1%+109.6pp	-104.5%-58.0pp	-46.6%	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	56.0%+72.8pp	-16.8%+15.1pp	-31.8%	N/A	4.2%-26.9pp	31.0%-4.4pp	35.4%+27.5pp	7.9%
Operating Margin	11.2%+173.3pp	-162.1%+188.7pp	-350.8%	N/A	-87.8%+18.6pp	-106.4%-85.5pp	-20.8%+71.3pp	-92.1%
Net Margin	5.4%-243.8pp	249.2%+6707.6pp	-6458.5%	N/A	-5.0%+1102.2pp	-1107.2%-4183.4pp	3076.2%+3256.6pp	-180.3%
Return on Equity	0.6%-0.4pp	1.0%	N/A	N/A	N/A	N/A	33.1%	N/A
Return on Assets	0.3%-55.1pp	55.4%+1176.0pp	-1120.7%	N/A	-7.6%+525.8pp	-533.4%-1829.1pp	1295.8%+1354.0pp	-58.3%
Current Ratio	0.07-0.2	0.25-0.1	0.35-2.7	3.04+3.0	0.06-0.1	0.13-0.1	0.23-0.0	0.28
Debt-to-Equity	1.02+2.0	-0.98-0.1	-0.92-1.0	0.09+1.1	-0.990.0	-0.980.0	-0.97-1.0	0.01
FCF Margin	N/A	N/A	N/A	N/A	-683.2%	N/A	N/A	-6.7%

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Frequently Asked Questions

What is American Bitcoin Corp's annual revenue?

American Bitcoin Corp (ABTC) reported $20.5M in total revenue for fiscal year 2024. This represents a -6.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is American Bitcoin Corp's revenue growing?

American Bitcoin Corp (ABTC) revenue declined by 6.3% year-over-year, from $21.9M to $20.5M in fiscal year 2024.

Is American Bitcoin Corp profitable?

No, American Bitcoin Corp (ABTC) reported a net income of -$21.3M in fiscal year 2024, with a net profit margin of -103.7%.

What is American Bitcoin Corp's earnings per share (EPS)?

American Bitcoin Corp (ABTC) reported diluted earnings per share of $-0.51 for fiscal year 2024. This represents a 38.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is American Bitcoin Corp's EBITDA?

American Bitcoin Corp (ABTC) had EBITDA of -$6.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is American Bitcoin Corp's gross margin?

American Bitcoin Corp (ABTC) had a gross margin of 23.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is American Bitcoin Corp's operating margin?

American Bitcoin Corp (ABTC) had an operating margin of -86.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is American Bitcoin Corp's net profit margin?

American Bitcoin Corp (ABTC) had a net profit margin of -103.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is American Bitcoin Corp's free cash flow?

American Bitcoin Corp (ABTC) generated -$4.5M in free cash flow during fiscal year 2024. This represents a -500.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is American Bitcoin Corp's operating cash flow?

American Bitcoin Corp (ABTC) generated -$3.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are American Bitcoin Corp's total assets?

American Bitcoin Corp (ABTC) had $1.1B in total assets as of fiscal year 2024, including both current and long-term assets.

What are American Bitcoin Corp's capital expenditures?

American Bitcoin Corp (ABTC) invested $1.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does American Bitcoin Corp have outstanding?

American Bitcoin Corp (ABTC) had 53M shares outstanding as of fiscal year 2024.

What is American Bitcoin Corp's current ratio?

American Bitcoin Corp (ABTC) had a current ratio of 3.04 as of fiscal year 2024, which is generally considered healthy.

What is American Bitcoin Corp's debt-to-equity ratio?

American Bitcoin Corp (ABTC) had a debt-to-equity ratio of 0.09 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is American Bitcoin Corp's return on assets (ROA)?

American Bitcoin Corp (ABTC) had a return on assets of -1.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is American Bitcoin Corp's cash runway?

Based on fiscal year 2024 data, American Bitcoin Corp (ABTC) had $735K in cash against an annual operating cash burn of $3.4M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is American Bitcoin Corp's Piotroski F-Score?

American Bitcoin Corp (ABTC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are American Bitcoin Corp's earnings high quality?

American Bitcoin Corp (ABTC) has an earnings quality ratio of 0.16x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can American Bitcoin Corp cover its interest payments?

American Bitcoin Corp (ABTC) has an interest coverage ratio of -19.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is American Bitcoin Corp?

American Bitcoin Corp (ABTC) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.