What is American Battery Materials Inc's earnings per share (EPS)?

American Battery Materials Inc (BLTH) reported diluted earnings per share of $-2.30 for fiscal year 2025. This represents a -27.1% 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.

American Battery Materials Inc Financials

BLTH

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

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).

Rhea AI BLTH FY2025 2026-05-15

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 $396K versus $10.7M of liabilities, leaving negative equity instead of a capital cushion. A current ratio of 0.02x means near-term obligations swamp liquid resources, so routine funding likely depends on refinancing or new capital rather than on-hand liquidity.

Reported losses are mostly overhead-driven, not the byproduct of scaling a revenue base: SG&A essentially matched the -$1.9M operating loss, and interest expense added another $720K. The retained earnings deficit widened from -$24.5M to -$31.0M, showing outside capital has been absorbing recurring corporate and financing costs rather than rebuilding net worth.

Financial Health Signals

Financial health score pending refresh

We are recalculating American Battery Materials Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Interest Coverage At Risk

-2.6x

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

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$-2.30

YoY-27.1%

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

Free Cash Flow

N/A

Cash & Debt

$3K

YoY-73.0%

5Y CAGR-31.8%

10Y CAGR-30.9%

American Battery Materials Inc held $3K in cash against $8.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+21.5%

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

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

BLTH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	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
Gross Profit	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
SG&A Expenses	$1.9M+18.8%	$1.6M	N/A	N/A	$393K+60.0%	$246K
Operating Income	-$1.9M-18.8%	-$1.6M	N/A	N/A	-$393K-60.0%	-$246K
Interest Expense	$720K+61.3%	$446K+119.5%	$203K-65.8%	$595K	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	$-2.30-27.1%	$-1.81-69.2%	$-1.07	$-1.33	$0.00	$-0.09

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	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$396K+22.7%	$323K-9.4%	$357K+73.7%	$205K+86.5%	$110K+15.9%	$95K
Current Assets	$190K+62.7%	$117K-22.3%	$151K+43.0%	$105K+947.3%	$10K-69.9%	$33K
Cash & Equivalents	$3K-73.0%	$13K+74.8%	$7K-82.7%	$43K+413.6%	$8K-64.8%	$24K
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.7M+50.0%	$7.1M+111.3%	$3.4M+124.0%	$1.5M-83.5%	$9.2M-22.9%	$11.9M
Current Liabilities	$10.7M+50.0%	$7.1M+111.3%	$3.4M+124.0%	$1.5M-81.2%	$8.0M-1.5%	$8.2M
Long-Term Debt	$8.3M+49.8%	$5.5M+124.5%	$2.5M	N/A	N/A	N/A
Total Equity	-$10.3M-51.3%	-$6.8M-125.6%	-$3.0M-132.0%	-$1.3M+85.6%	-$9.0M+23.2%	-$11.8M
Retained Earnings	-$31.0M-26.1%	-$24.5M-21.3%	-$20.2M-13.4%	-$17.9M-9.1%	-$16.4M+9.7%	-$18.1M

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	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$499K+33.4%	-$750K	N/A	-$911K-132.1%	-$392K-871.5%	-$40K
Capital Expenditures	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
Investing Cash Flow	N/A	N/A	-$106K	N/A	-$100K-655.6%	$18K
Financing Cash Flow	$490K-35.2%	$756K	N/A	$945K+98.1%	$477K+937.7%	$46K
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	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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	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
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.020.0	0.02-0.0	0.04-0.0	0.07+0.1	0.000.0	0.00
Debt-to-Equity	-0.810.0	-0.820.0	-0.82+0.3	-1.16-0.1	-1.010.0	-1.01
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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.

How many shares does American Battery Materials Inc have outstanding?

American Battery Materials Inc (BLTH) had 3M shares outstanding as of fiscal year 2025.

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.