American Bitcoin (ABTC) Financials
Ticker history: GRYP became ABTC (American Bitcoin Corp.) on . Earlier news and filings retain their original names and dates. View GRYP history.
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ABTC SEC filings page.
American Bitcoin Corp. (ABTC) reported $185.2M in revenue for fiscal year 2025, up 158.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
Revenue expanded sharply, but FY2025 shows a larger, externally financed operation with weak liquidity and earnings that did not convert to cash.
The earnings-quality break is visible across both recent years: FY2024 reported net income of$428.9M alongside operating cash flow of-$54.0M , while FY2025 reverted to a net loss of$153.2M despite revenue reaching$185.2M . This makes the FY2024 profit look unlike the business’s underlying cash economics rather than evidence of a steadily profitable operating model.
FY2025 gross margin improved from
The balance sheet became materially more dependent on financing: total liabilities rose
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of American Bitcoin Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
American Bitcoin Corp. held $3.8M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $79.6M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and American Bitcoin Corp. scores 3/100 among other emerging companies.
Not available for American Bitcoin Corp., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Not available for American Bitcoin Corp., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
American Bitcoin Corp. reported revenue of $185.2M in fiscal year 2025, against $71.5M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and American Bitcoin Corp. scores 83/100 among other emerging companies.
American Bitcoin Corp.'s operations used $79.6M of cash in fiscal year 2025, against $54.0M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and American Bitcoin Corp. scores 34/100 among other emerging companies.
American Bitcoin Corp.'s cash, cash equivalents and investments came to $3.8M at the end of fiscal year 2025, against $580.7M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and American Bitcoin Corp. scores 2/100 among other emerging companies.
American Bitcoin Corp. scores -0.11, below the 1.81 distress threshold. The score is pulled down most by an operating loss of $228.0M against total assets of $1.2B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
American Bitcoin Corp. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
American Bitcoin Corp. reported a net loss of $153.2M while operations used $79.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
American Bitcoin Corp. generated $67.0M in revenue in Q2 2026. This represents an increase of 121.3% from the same quarter a year earlier. Against the prior quarter it is up 7.9%.
American Bitcoin Corp.'s EBITDA was -$45.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 419.6% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
American Bitcoin Corp. reported a net loss of $57.2M in Q2 2026. This represents a decrease of 1765.7% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
American Bitcoin Corp. earned -$0.80 per diluted share (EPS) in Q2 2026. This represents a decrease of 1433.3% from the same quarter a year earlier.
Cash & Balance Sheet
American Bitcoin Corp. held $18.4M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
American Bitcoin Corp.'s gross margin was 49.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.1 percentage points.
American Bitcoin Corp.'s net profit margin was -85.3% in Q2 2026, showing the share of revenue converted to profit. This is down 96.6 percentage points from the same quarter a year earlier.
American Bitcoin Corp.'s quarterly ROE was -8.5% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 9.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.3 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for Q2 2026.
ABTC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $67.0M+121.3% | $62.1M+403.5% | $78.3M+66.9% | $64.2M+453.1% | $30.3M+449.1% | $12.3M+64.7% | $46.9M-4.5% | $11.6M+112.0% |
| Cost of Revenue | $34.0M+121.7% | $29.6M+154.0% | $36.7M+86.1% | $28.3M+154.2% | $15.3M+303.3% | $11.7M+140.9% | $19.7M-44.8% | $11.1M+179.4% |
| Gross Profit | $33.0M+120.8% | $32.5M+4633.6% | $41.6M+53.0% | $35.9M+7310.5% | $14.9M+773.1% | $687K-74.1% | $27.2M+102.9% | $485K-56.2% |
| SG&A Expenses | $7.7M+110.7% | $6.9M-51.9% | $7.3M-68.6% | $8.1M+67.3% | $3.6M-4.9% | $14.4M+483.8% | $23.4M-25.2% | $4.8M+251.2% |
| Operating Income | -$74.1M-1786.7% | -$118.2M | N/A | $7.2Mn/m | $4.4Mn/m | N/A | $501.7M+2433.0% | -$10.2Mn/m |
| EBITDA | -$45.8M-419.6% | -$91.6M | N/A | $22.4Mn/m | $14.3Mn/m | N/A | $513.6M | -$7.3Mn/m |
| Interest Expense | N/A | N/A | N/A | N/A | $6K-97.9% | N/A | $2.6M-69.4% | $283K+1679.9% |
| Income Tax | $1.4M+46.4% | $957Kn/m | -$7.4M-121.2% | $1.8Mn/m | $961K | -$13.5M | $34.8M | -$573K |
| Net Income | -$57.2M-1765.7% | -$81.8M | N/A | $3.5Mn/m | $3.4M | N/A | $260.2M+354.6% | -$576Kn/m |
| EPS (Basic) | -$0.80-1433.3% | -$0.08n/m | -$0.07-123.3% | N/A | $0.06n/m | -$0.11 | $0.30 | -$0.15 |
| EPS (Diluted) | -$0.80-1433.3% | -$0.08n/m | -$0.07-123.3% | N/A | $0.06n/m | -$0.11 | $0.30 | -$0.15 |
| Diluted Shares (Avg) | 71M+20.2% | 1.02B+14.1% | N/A | 899M+0.9% | 59M+52.7% | 892M | N/A | 892M |
Not reported in any period shown, so not listed: R&D Expenses.
ABTC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+21029.9% | $1.3B+14422.7% | $1.2B+12.7% | $1.2B+15311.8% | $6.2M-45.9% | $9.0M-49.5% | $1.1B+5774.5% | $7.5M+80.5% |
| Current Assets | $25.7M+771.1% | $14.0M+248.5% | $8.9M-94.2% | $10.9M+546.9% | $3.0M-8.9% | $4.0M-43.6% | $153.1M+2736.5% | $1.7M+35.8% |
| Cash & Equivalents | $18.4M+2607.1% | $10.1M+3061.6% | $3.8M+420.0% | $8.0M+2067.4% | $678K-44.4% | $318K-81.7% | $735K-19.7% | $368K-73.8% |
| Short-Term Investments | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $72K-45.0% | $49K-73.8% | $115K-71.5% | $110Kn/m |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | $175K-39.7% | N/A | $1K-99.6% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $154.4M | $154.4M | $154.4M+190.9% | $151.8M | N/A | N/A | $53.1M | N/A |
| Total Liabilities | $637.4Mn/m | $609.2Mn/m | $580.7M+535.8% | $587.4Mn/m | -$333.5Mn/m | -$106.8Mn/m | $91.3Mn/m | -$690.0Mn/m |
| Current Liabilities | $136.7M+1047.6% | $111.0M+881.1% | $111.6M+121.7% | $148.1M+460.9% | $11.9M-53.2% | $11.3M-62.5% | $50.3M+159.0% | $26.4M+110.8% |
| Non-Current Liabilities | $500.7Mn/m | $498.2Mn/m | $469.1M+1044.3% | $439.2Mn/m | -$345.4Mn/m | -$118.1Mn/m | $41.0Mn/m | -$716.4Mn/m |
| Total Equity | $672.1M+97.8% | $694.8M+500.2% | $665.8M-34.4% | $575.5M-17.5% | $339.7M-44.7% | $115.8M-83.4% | $1.0B+114.2% | $697.5M+6777.1% |
| Retained Earnings | -$191.5Mn/m | -$134.3Mn/m | -$52.5Mn/m | $6.9Mn/m | -$79.3Mn/m | -$74.0Mn/m | -$67.7Mn/m | -$68.1Mn/m |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
ABTC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$21.3M-3374.6% | -$42.5Mn/m | -$36.5M-255.1% | $937K | $650K+223.4% | -$44.7Mn/m | $23.6Mn/m | N/A |
| Depreciation & Amortization | $28.2M+183.8% | $26.6M+314.4% | $26.6M+438.0% | $15.2M+425.4% | $10.0M+202.3% | $6.4M+97.8% | $5.0M | $2.9M-28.8% |
| Stock-Based Compensation | $800K+1951.3% | $296K-86.2% | N/A | N/A | $39K-72.1% | $2.1M+931.3% | N/A | $97K-75.3% |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $3.0M+759.4% | $2.5Mn/m |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $20.5Mn/m | N/A |
| Investing Cash Flow | -$4.0Mn/m | -$61.8M-1130.7% | -$117.4Mn/m | -$286.9M-888.9% | $0 | $6.0M | -$102.0Mn/m | $36.4Mn/m |
| Financing Cash Flow | $33.6M | $110.5M+185.8% | $149.8M+90.9% | $88.0M+119.2% | N/A | $38.7M+2041.9% | $78.4Mn/m | $40.1M+102835.9% |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $72K | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
ABTC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.3%-0.1pp | 52.3%+46.8pp | 53.1%-4.8pp | 56.0%+51.8pp | 49.4%+18.3pp | 5.6%-29.8pp | 57.9%+30.7pp | 4.2%-16.1pp |
| Operating Margin | -110.5% | -190.3% | N/A | 11.2%+99.0pp | 14.5% | N/A | 1069.3% | -87.8% |
| Net Margin | -85.3%-96.6pp | -131.7% | N/A | 5.4%+10.4pp | 11.3% | N/A | 554.5% | -5.0% |
| Return on Equity | -8.5%-9.5pp | -11.8% | N/A | 0.6%+0.7pp | 1.0% | N/A | 25.6%+13.5pp | -0.1%+79.6pp |
| Return on Assets | -4.4%-59.7pp | -6.3% | N/A | 0.3%+7.9pp | 55.4% | N/A | 23.5%-280.4pp | -7.6%+185.8pp |
| Current Ratio | 0.19-0.1x | 0.13-0.2x | 0.08-3.0x | 0.070.0x | 0.25+0.1x | 0.35+0.1x | 3.04+2.8x | 0.060.0x |
| Liabilities-to-Equity | 0.95 | 0.88 | 0.87+0.8x | 1.02 | N/A | N/A | 0.09 | N/A |
| Asset Turnover | 0.05-4.8x | 0.05-1.3x | 0.060.0x | 0.06-1.5x | 4.89+4.4x | 1.37+1.0x | 0.04-2.6x | 1.54+0.2x |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | 43.8%+44.6pp | N/A |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.08), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| American Bitcoin Corp. ABTC | FY2025 | $185.2M | -$153.2M | -82.7% | $483.5M | 31/100 |
| HIVE Digital Technologies Ltd. HIVE | FY2026 | $297.8M | -$148.4M | -49.9% | $523.9M | 47/100 |
| MMTec, Inc. MTC | FY2025 | $808K | -$56.1M | N/A | $492.0M | — |
| CoinShares PLC CSHR | FY2025 | N/A | N/A | N/A | $495.5M | — |
| Gemini Space Station, Inc. GEMI | FY2025 | $179.6M | -$582.8M | N/A | $376.1M | 54/100 |
| Chaince Digital Holdings Inc. CD | FY2025 | $1.9M | -$5.1M | N/A | $739.2M | 66/100 |
Where American Bitcoin Corp. Ranks
Frequently Asked Questions
American Bitcoin Corp. (ABTC) reported $185.2M in total revenue for fiscal year 2025. This represents a 158.8% 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.
American Bitcoin Corp. (ABTC) revenue grew by 158.8% year-over-year, from $71.5M to $185.2M in fiscal year 2025.
No, American Bitcoin Corp. (ABTC) reported a net loss of $153.2M in fiscal year 2025, with a net profit margin of -82.7%.
American Bitcoin Corp. (ABTC) had EBITDA of -$169.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
American Bitcoin Corp. (ABTC) had a gross margin of 50.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
American Bitcoin Corp. (ABTC) had a net profit margin of -82.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
American Bitcoin Corp. (ABTC) has a return on equity of -23.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
American Bitcoin Corp. (ABTC) recorded an outflow of $79.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
American Bitcoin Corp. (ABTC) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
American Bitcoin Corp. (ABTC) had a current ratio of 0.08 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
American Bitcoin Corp. (ABTC) had a liabilities-to-equity ratio of 0.87 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
American Bitcoin Corp. (ABTC) had a return on assets of -12.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
American Bitcoin Corp. (ABTC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $483.5M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
American Bitcoin Corp. (ABTC) trades at 1.8x sales, its market capitalization divided by $271.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $483.5M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
American Bitcoin Corp. (ABTC) has an Altman Z-Score of -0.11, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
American Bitcoin Corp. (ABTC) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
American Bitcoin Corp. (ABTC) reported a net loss of $153.2M while operations used $79.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
American Bitcoin Corp. (ABTC) scores 31 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For American Bitcoin Corp. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.