American Battery Materials Inc Financials
This page shows American Battery Materials Inc (BLTH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
American Battery Materials is a financing-dependent operation, with debt and recurring overhead far larger than its asset base.
From FY2024 to FY2025, operating cash burn improved from-$750K to-$499K , showing lower cash use at the operating level but not enough to change the funding model. Yet long-term debt still rose from$5.5M to$8.3M while year-end cash was negligible, implying the balance-sheet strain is being shifted onto lenders rather than resolved through operations.
The balance sheet is deeply liability-heavy: assets were
Reported losses are mostly overhead-driven, not the byproduct of scaling a revenue base: SG&A essentially matched the
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of American Battery Materials Inc'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 Battery Materials Inc has elevated debt relative to equity (D/E of -0.81), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
American Battery Materials Inc's current ratio of 0.02 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
American Battery Materials Inc earns $-2.6 in operating income for every $1 of interest expense (-$1.9M vs $720K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
American Battery Materials Inc earned $-2.30 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 27.1% from the prior year.
Cash & Balance Sheet
American Battery Materials Inc held $3K in cash against $8.3M in long-term debt as of fiscal year 2025.
American Battery Materials Inc had 3M shares outstanding in fiscal year 2025. This represents an increase of 21.5% from the prior year.
Margins & Returns
Capital Allocation
BLTH Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $380K | N/A | $293K-69.4% | $958K+270.5% | $258K | N/A | $506K+13.5% | $446K |
| Operating Income | -$380K | N/A | -$293K+69.4% | -$958K-270.5% | -$258K | N/A | -$506K-13.5% | -$446K |
| Interest Expense | $230K | N/A | $184K+1.6% | $181K+24.9% | $145K | N/A | $121K+26.4% | $96K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | -$1.8M | N/A | -$404K | N/A | -$627K-13.9% | -$551K |
| EPS (Diluted) | $-1.20 | N/A | $-0.63+19.2% | $-0.78-387.5% | $-0.16 | N/A | $-0.27 | $-0.24 |
BLTH Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $357K-10.0% | $396K-17.0% | $477K+52.7% | $313K-5.4% | $331K+2.4% | $323K+0.7% | $321K-8.3% | $350K |
| Current Assets | $151K-20.9% | $190K-29.8% | $271K+154.3% | $107K-14.4% | $125K+6.6% | $117K+2.0% | $115K-20.2% | $144K |
| Cash & Equivalents | $32K+827.6% | $3K-63.1% | $9K+41.1% | $7K-71.4% | $23K+81.3% | $13K+298.9% | $3K-82.4% | $18K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $12.2M+14.2% | $10.7M+12.5% | $9.5M+11.3% | $8.5M+14.2% | $7.5M+5.0% | $7.1M+33.2% | $5.4M+12.6% | $4.8M |
| Current Liabilities | $12.2M+14.2% | $10.7M+12.5% | $9.5M+11.3% | $8.5M+14.2% | $7.5M+5.0% | $7.1M+33.2% | $5.4M+12.6% | $4.8M |
| Long-Term Debt | $9.5M+14.0% | $8.3M+13.7% | $7.3M+13.1% | $6.5M+14.3% | $5.7M+1.9% | $5.5M+37.4% | $4.0M+8.0% | $3.7M |
| Total Equity | -$11.9M-15.1% | -$10.3M-14.0% | -$9.0M-9.7% | -$8.2M-15.1% | -$7.2M-5.1% | -$6.8M-35.3% | -$5.0M-14.2% | -$4.4M |
| Retained Earnings | -$35.2M-13.7% | -$31.0M-7.4% | -$28.8M-6.5% | -$27.1M-8.5% | -$25.0M-1.6% | -$24.5M-10.2% | -$22.3M-2.9% | -$21.7M |
BLTH Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$145K-811.5% | -$16K+87.5% | -$127K+51.4% | -$262K-176.9% | -$95K+42.5% | -$164K+47.4% | -$313K-67.0% | -$187K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $174K+1642.7% | $10K-92.3% | $130K-46.9% | $245K+133.3% | $105K-39.7% | $174K-41.5% | $298K+66.1% | $179K |
| 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 |
BLTH Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | -369.9% | N/A | -122.1% | N/A | -195.6%-38.1pp | -157.5% |
| Current Ratio | 0.010.0 | 0.02-0.0 | 0.03+0.0 | 0.010.0 | 0.020.0 | 0.020.0 | 0.020.0 | 0.03 |
| Debt-to-Equity | -0.800.0 | -0.810.0 | -0.81-0.0 | -0.790.0 | -0.79+0.0 | -0.82-0.0 | -0.80+0.0 | -0.85 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$10.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
How much debt does American Battery Materials Inc have?
As of fiscal year 2025, American Battery Materials Inc (BLTH) had $3K in cash and equivalents against $8.3M in long-term debt.
What is American Battery Materials Inc's operating cash flow?
American Battery Materials Inc (BLTH) generated -$499K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are American Battery Materials Inc's total assets?
American Battery Materials Inc (BLTH) had $396K in total assets as of fiscal year 2025, including both current and long-term assets.
What is American Battery Materials Inc's current ratio?
American Battery Materials Inc (BLTH) had a current ratio of 0.02 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is American Battery Materials Inc's debt-to-equity ratio?
American Battery Materials Inc (BLTH) had a debt-to-equity ratio of -0.81 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is American Battery Materials Inc's cash runway?
Based on fiscal year 2025 data, American Battery Materials Inc (BLTH) had $3K in cash against an annual operating cash burn of $499K. This gives an estimated cash runway of approximately 0 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.
Why is American Battery Materials Inc's debt-to-equity ratio negative or unusual?
American Battery Materials Inc (BLTH) has negative shareholder equity of -$10.3M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Can American Battery Materials Inc cover its interest payments?
American Battery Materials Inc (BLTH) has an interest coverage ratio of -2.6x, 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 Battery Materials Inc?
American Battery Materials Inc (BLTH) scores 0 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.