American Bitcoin (ABTC) financial statements
American Bitcoin reported revenue of $185M in fiscal 2025, up 50.7% a year over 7 years.
Net income was -$153M and the operating margin -123.1%, against -23.5% in 2018.
The diluted share count rose 7432353% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from American Bitcoin's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10M | $11M | $13M | $18M | $10M | $65M | $72M | $185M |
| Cost of revenue | $4M | $5M | $6M | $7M | $5M | $44M | $40M | $92M |
| Gross profit | $6M | $6M | $6M | $10M | $6M | $3M | $32M | $93M |
| Research and development | $3M | $6M | $3M | $6M | $4M | $2M | — | — |
| Selling, general and admin | $6M | $13M | $19M | $18M | $14M | $36M | $34M | $33M |
| Operating income | -$2M | -$13M | -$17M | -$33M | -$43M | $6M | $484M | -$228M |
| Interest expense | -$5,841 | -$91,239 | $3,734 | — | — | $9M | $3M | — |
| Pre-tax income | — | -$12M | -$14M | -$33M | -$47M | $21M | $493M | -$171M |
| Income tax | — | — | $30,985 | -$2M | -$701,119 | -$19M | $60M | -$18M |
| Net income | -$2M | -$14M | -$14M | -$31M | -$79M | $40M | $429M | -$153M |
| EPS (diluted) | -$124.00 | -$956.00 | -$456.00 | -$488.00 | -$546.56 | $0.04 | $0.49 | -$0.17 |
| Diluted shares | 0M | 0M | 0M | 0M | 0M | 892M | 892M | 905M |
| Gross margin | 58.4% | 57.2% | 50.6% | 57.8% | 53.0% | 5.3% | 44.8% | 50.3% |
| Operating margin | -23.5% | -115.6% | -137.4% | -187.8% | -412.0% | 9.6% | 676.7% | -123.1% |
| Net margin | -23.8% | -133.2% | -107.9% | -177.7% | -755.9% | 61.0% | 599.6% | -82.7% |
Balance sheet
Fiscal years, from American Bitcoin's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $22M | $24M | $13M | $1M | $1M | $850,000 | $4M |
| Receivables | $254,092 | $1M | $2M | $873,688 | $429,949 | $486,000 | — | — |
| Total current assets | $3M | $24M | $28M | $18M | $11M | $5M | $153M | $9M |
| Property, plant and equipment | — | — | $131,095 | $66,028 | $48,880 | $13M | $43M | $342M |
| Goodwill | — | — | $20M | $33M | $2M | $58M | $53M | $154M |
| Total assets | — | $24M | $59M | $94M | $19M | $19M | $1.1B | $1.2B |
| Total current liabilities | $1M | $2M | $12M | $29M | $23M | $19M | $50M | $112M |
| Long-term debt | — | — | — | $4M | $1M | — | — | — |
| Total liabilities | $1M | $5M | $23M | $35M | $24M | $19M | $91M | $581M |
| Shareholders' equity | $1M | $19M | $36M | $60M | $27M | $474M | $1.0B | $666M |
| Net debt | -$2M | -$22M | -$24M | $5M | $14M | $14M | -$735,000 | -$4M |
Cash flow
Fiscal years, from American Bitcoin's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$4M | -$9M | -$14M | -$8M | -$11M | -$56M | -$54M | -$80M |
| Capital spending | — | — | $3M | $5M | $4M | $2M | $7M | — |
| Free cash flow | — | — | -$17M | -$14M | -$15M | -$58M | -$61M | — |
| Stock-based compensation | — | $490,830 | $1M | $2M | $873,929 | $9M | $9M | $2M |
| Net borrowing | — | — | $17M | $13M | -$5M | — | — | — |
| Free cash flow margin | — | — | -138.8% | -77.3% | -146.1% | -89.0% | -84.8% | — |
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What was American Bitcoin's revenue in 2025?
$185M in fiscal 2025, from its 10-K filing.
From American Bitcoin's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.