Every 10-Q that Birchtech Corp. (BCHT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BCHT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BCHT filings page.
Birchtech Corp. develops specialty activated carbon technologies for mercury emissions control at coal-fired power plants and is expanding into PFAS-focused water treatment. For the six months ended June 30, 2026, revenue was $8,030,586, up from $6,474,922 a year earlier, driven mainly by higher product sales. Gross profit rose to $2,415,227, but higher research and development and selling, general and administrative expenses led to an operating loss of $2,771,997 and a net loss of $4,362,999 (vs. $3,221,136).
A February–March 2026 underwritten equity offering raised gross proceeds of $16,440,000, lifting cash to $11,836,241 and turning stockholders’ equity from a deficit of $(1,714,908) at year-end 2025 to positive equity of $8,151,137. Management now believes existing cash, offering proceeds and anticipated revenues provide sufficient liquidity for at least 12 months. The balance sheet includes a related-party profit share liability of $7,350,936, measured as a Level 3 fair value item.
Birchtech continues to pursue and license its mercury-control intellectual property. A federal court entered a $78,397,157 final judgment in its favor against certain defendants in Delaware patent litigation, which the defendants have appealed; the company has not recorded this amount due to realizability uncertainties. It is also advancing PFAS-oriented water treatment through new design centers in Pennsylvania and North Dakota and remains exposed to significant customer and supplier concentration.
Birchtech Corp. reported stronger first-quarter activity but remains loss-making. Revenue rose to $4.24 million from $3.22 million, driven by higher product sales, while license revenue dropped to zero. Gross profit was $1.38 million, and the company recorded a net loss of $1.35 million, or $0.06 per share, compared with a $1.68 million loss a year earlier.
Liquidity improved significantly after a February–March underwritten stock offering of 6.85 million shares that generated gross proceeds of $16.44 million. Cash increased to $14.75 million at March 31, 2026, up from $2.25 million at year-end, and stockholders’ equity turned positive at $11.17 million. Management now believes existing cash and expected revenue can fund operations for at least 12 months.
The balance sheet includes a related-party profit share liability of $7.09 million, tied to future net litigation proceeds from enforcing Birchtech’s mercury-control patents. A final judgment of $78.40 million (including pre-judgment interest) was entered in December 2025 against certain CERT defendants, but it has not been recognized as an asset because collection remains uncertain and the defendants have appealed. Birchtech is also advancing water-treatment technologies for PFAS and PFOS, supported by new design centers in Pennsylvania and North Dakota.
Birchtech Corp. (BCHT) filed its Q3 2025 report, showing a return to profitability for the quarter alongside a going concern warning. Revenue was $7.36M vs $5.24M a year ago, driven by $2.60M of license revenue and $4.72M of product sales. Gross profit reached $4.03M, and net income was $788,012, compared with a $458K loss last year.
For the nine months, revenue was $13.84M and the company posted a net loss of $2.43M. Cash was $1.77M at September 30, 2025, and management disclosed a working capital deficiency of about $5.0M, citing substantial doubt about continuing as a going concern. The balance sheet reflected a profit share liability of $7.62M measured on a Level 3 basis.
The company highlighted progress in patent enforcement and licensing, including a prior $57.1M jury verdict and multiple utility license agreements. Common shares outstanding were 96,866,109 as of November 13, 2025.