Birchtech Corp Financials
This page shows Birchtech Corp (BCHT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Birchtech Corp has an operating margin of -41.1%, meaning the company retains $-41 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 -50.9% the prior year.
Birchtech Corp's revenue declined 1.2% year-over-year, from $17.6M to $17.4M. This contraction results in a growth score of 25/100.
Birchtech Corp has elevated debt relative to equity (D/E of 7.61), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Birchtech Corp's current ratio of 0.69 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 8/100, which could limit financial flexibility.
While Birchtech Corp generated -$4.1M in operating cash flow, capex of $809K consumed most of it, leaving -$4.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Birchtech Corp passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Birchtech Corp generates $0.38 in operating cash flow (-$4.1M OCF vs -$10.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Birchtech Corp earns $-26.8 in operating income for every $1 of interest expense (-$7.2M vs $267K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Birchtech Corp generated $17.4M in revenue in fiscal year 2024. This represents a decrease of 1.2% from the prior year.
Birchtech Corp's EBITDA was -$7.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.2% from the prior year.
Birchtech Corp generated -$4.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 125.6% from the prior year.
Birchtech Corp reported -$10.8M in net income in fiscal year 2024. This represents a decrease of 290.6% from the prior year.
Birchtech Corp earned $-0.11 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 283.3% from the prior year.
Birchtech Corp held $3.5M in cash against $0 in long-term debt as of fiscal year 2024.
Birchtech Corp had 96M shares outstanding in fiscal year 2024. This represents an increase of 2.0% from the prior year.
Birchtech Corp's gross margin was 40.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 9.9 percentage points from the prior year.
Birchtech Corp's operating margin was -41.1% in fiscal year 2024, reflecting core business profitability. This is up 9.8 percentage points from the prior year.
Birchtech Corp's net profit margin was -62.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 94.2 percentage points from the prior year.
Birchtech Corp invested $809K in capex in fiscal year 2024, funding long-term assets and infrastructure.
BCHT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.4M+126.2% | $3.3M+1.0% | $3.2M-42.1% | $5.6M+6.3% | $5.2M+55.8% | $3.4M+3.7% | $3.2M-13.6% | $3.8M |
| Cost of Revenue | $3.3M+45.7% | $2.3M+15.1% | $2.0M-11.7% | $2.2M-38.3% | $3.6M+58.3% | $2.3M+8.9% | $2.1M-30.8% | $3.1M |
| Gross Profit | $4.0M+316.5% | $968K-21.6% | $1.2M-62.8% | $3.3M+108.0% | $1.6M+50.4% | $1.1M-6.0% | $1.1M+61.3% | $700K |
| R&D Expenses | $473K+3.9% | $455K+12.0% | $407K | N/A | $0 | $0 | $0 | N/A |
| SG&A Expenses | $2.7M+61.8% | $1.7M-21.8% | $2.2M-35.3% | $3.4M+24.1% | $2.7M-41.7% | $4.6M+31.4% | $3.5M-56.3% | $8.1M |
| Operating Income | $811K+168.4% | -$1.2M+11.7% | -$1.3M-1603.5% | -$79K+92.9% | -$1.1M+69.0% | -$3.6M-49.0% | -$2.4M+68.4% | -$7.6M |
| Interest Expense | $0 | $0-100.0% | $54-99.4% | $8K+15.1% | $7K+26.5% | $6K-97.6% | $246K-28.4% | $343K |
| Income Tax | $629+53.8% | $409-97.1% | $14K+200.7% | $5K+101.6% | -$294K-85129.8% | $346 | $0-100.0% | $454K |
| Net Income | $788K+151.1% | -$1.5M+8.2% | -$1.7M-25.1% | -$1.3M-193.5% | -$458K+92.6% | -$6.1M-115.3% | -$2.9M-132.8% | $8.7M |
| EPS (Diluted) | $0.01+150.0% | $-0.020.0% | $-0.02 | N/A | $0.00+100.0% | $-0.07-133.3% | $-0.03 | N/A |
BCHT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.1M+18.2% | $8.6M-7.8% | $9.3M-9.4% | $10.3M-12.0% | $11.7M-21.0% | $14.7M-13.7% | $17.1M-39.7% | $28.3M |
| Current Assets | $6.0M+31.8% | $4.6M-12.1% | $5.2M-14.8% | $6.1M-19.6% | $7.6M-33.0% | $11.3M-17.1% | $13.7M-45.3% | $25.0M |
| Cash & Equivalents | $1.8M+21.6% | $1.5M-54.4% | $3.2M-7.8% | $3.5M-21.3% | $4.4M-47.9% | $8.4M-24.6% | $11.2M-46.6% | $20.9M |
| Inventory | $498K-40.0% | $831K+40.3% | $592K-4.8% | $622K-29.9% | $886K-8.1% | $965K+38.3% | $698K-12.3% | $795K |
| Accounts Receivable | $3.6M+68.1% | $2.2M+69.0% | $1.3M-29.9% | $1.8M-5.6% | $1.9M+8.2% | $1.8M+7.0% | $1.7M-45.8% | $3.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $11.3M+7.2% | $10.5M+8.2% | $9.7M+7.3% | $9.1M-6.9% | $9.7M-22.2% | $12.5M+41.8% | $8.8M-68.8% | $28.3M |
| Current Liabilities | $11.1M+7.5% | $10.3M+8.5% | $9.5M+7.6% | $8.8M+120.9% | $4.0M-38.6% | $6.5M+19.6% | $5.4M+148.9% | $2.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$1.1M+41.4% | -$1.9M-356.7% | -$427K-135.8% | $1.2M-52.1% | $2.5M-11.0% | $2.8M-68.3% | $8.8M+14485.4% | $60K |
| Retained Earnings | -$75.2M+1.0% | -$76.0M-2.1% | -$74.4M-2.3% | -$72.8M-1.1% | -$72.0M-0.7% | -$71.5M-9.4% | -$65.4M-5.5% | -$62.0M |
BCHT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $321K+118.6% | -$1.7M-580.8% | -$254K+69.4% | -$830K-445.7% | -$152K+94.3% | -$2.7M-510.9% | -$439K-102.4% | $18.4M |
| Capital Expenditures | $7K+237.4% | $2K-85.1% | $14K-86.8% | $107K-83.1% | $636K+859.3% | $66K | $0+100.0% | -$3K |
| Free Cash Flow | $314K+118.1% | -$1.7M-545.7% | -$268K+71.4% | -$938K-19.0% | -$788K+71.3% | -$2.7M-526.0% | -$439K-102.4% | $18.4M |
| Investing Cash Flow | -$7K-237.4% | -$2K+85.1% | -$14K+86.8% | -$107K+83.1% | -$636K-859.3% | -$66K | $0-100.0% | $3K |
| Financing Cash Flow | $0 | $0 | $0 | $0+100.0% | -$3.3M | $0+100.0% | -$9.3M | $0 |
| Dividends Paid | N/A | N/A | 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 | N/A | N/A |
BCHT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.8%+25.0pp | 29.8%-8.6pp | 38.3%-21.3pp | 59.6%+29.1pp | 30.4%-1.1pp | 31.6%-3.2pp | 34.8%+16.2pp | 18.6% |
| Operating Margin | 11.0%+47.4pp | -36.4%+5.3pp | -41.7%-40.3pp | -1.4%+19.7pp | -21.1%+85.2pp | -106.3%-32.3pp | -74.0%+128.1pp | -202.1% |
| Net Margin | 10.7%+58.1pp | -47.4%+4.7pp | -52.1%-28.0pp | -24.1%-15.4pp | -8.7%+174.1pp | -182.9%-94.8pp | -88.1%-320.0pp | 232.0% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 14427.0% |
| Return on Assets | 7.8%+25.8pp | -18.0%+0.1pp | -18.1%-5.0pp | -13.1%-9.2pp | -3.9%+37.7pp | -41.7%-25.0pp | -16.7%-47.5pp | 30.8% |
| Current Ratio | 0.55+0.1 | 0.44-0.1 | 0.55-0.1 | 0.69-1.2 | 1.90+0.2 | 1.74-0.8 | 2.52-8.9 | 11.45 |
| Debt-to-Equity | -9.88-4.5 | -5.40+17.4 | -22.79-30.4 | 7.61+3.7 | 3.92-0.6 | 4.48+3.5 | 1.00-467.1 | 468.08 |
| FCF Margin | 4.3%+57.6pp | -53.3%-44.9pp | -8.3%+8.5pp | -16.9%-1.8pp | -15.0%+66.8pp | -81.8%-68.2pp | -13.6%-504.7pp | 491.2% |
Note: The current ratio is below 1.0 (0.69), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Birchtech Corp's annual revenue?
Birchtech Corp (BCHT) reported $17.4M in total revenue for fiscal year 2024. This represents a -1.2% 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 Birchtech Corp's revenue growing?
Birchtech Corp (BCHT) revenue declined by 1.2% year-over-year, from $17.6M to $17.4M in fiscal year 2024.
Is Birchtech Corp profitable?
No, Birchtech Corp (BCHT) reported a net income of -$10.8M in fiscal year 2024, with a net profit margin of -62.1%.
What is Birchtech Corp's earnings per share (EPS)?
Birchtech Corp (BCHT) reported diluted earnings per share of $-0.11 for fiscal year 2024. This represents a -283.3% 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 Birchtech Corp's EBITDA?
Birchtech Corp (BCHT) had EBITDA of -$7.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Birchtech Corp's gross margin?
Birchtech Corp (BCHT) had a gross margin of 40.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Birchtech Corp's operating margin?
Birchtech Corp (BCHT) had an operating margin of -41.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Birchtech Corp's net profit margin?
Birchtech Corp (BCHT) had a net profit margin of -62.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Birchtech Corp's free cash flow?
Birchtech Corp (BCHT) generated -$4.9M in free cash flow during fiscal year 2024. This represents a -125.6% 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 Birchtech Corp's operating cash flow?
Birchtech Corp (BCHT) generated -$4.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Birchtech Corp's total assets?
Birchtech Corp (BCHT) had $10.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Birchtech Corp's capital expenditures?
Birchtech Corp (BCHT) invested $809K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Birchtech Corp have outstanding?
Birchtech Corp (BCHT) had 96M shares outstanding as of fiscal year 2024.
What is Birchtech Corp's current ratio?
Birchtech Corp (BCHT) had a current ratio of 0.69 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Birchtech Corp's debt-to-equity ratio?
Birchtech Corp (BCHT) had a debt-to-equity ratio of 7.61 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Birchtech Corp's return on assets (ROA)?
Birchtech Corp (BCHT) had a return on assets of -105.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Birchtech Corp's cash runway?
Based on fiscal year 2024 data, Birchtech Corp (BCHT) had $3.5M in cash against an annual operating cash burn of $4.1M. This gives an estimated cash runway of approximately 10 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 Birchtech Corp's Piotroski F-Score?
Birchtech Corp (BCHT) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Birchtech Corp's earnings high quality?
Birchtech Corp (BCHT) has an earnings quality ratio of 0.38x, 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 Birchtech Corp cover its interest payments?
Birchtech Corp (BCHT) has an interest coverage ratio of -26.8x, 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 Birchtech Corp?
Birchtech Corp (BCHT) scores 7 out of 100 on our Financial Profile, indicating weak 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.