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Screener / SEC EDGAR /CIK 0001755953 /10-K filed Mar 27, 2026, compared with Mar 31, 2025 /Numbers from the XBRL of the 10-Ks
Crypto peers:
ABTCBTBTCIFRBMNRHUTWULF
Nasdaq Crypto · Financial Services

American Bitcoin ABTC

ABTC quote by TradingView
Headquarters
Miami, FL
Next results
around Feb 25, 2027
Compare with peers Embed

ABTC among Crypto peers

Six ratios from the latest 10-K. Each corner is the share of 25 peers the company is above, not a score.

Compare
Revenue growth: 158.8%, above 88% of 25 peers (their median 26.3%) REVENUE GROWTH 158.8% · above 88% Gross margin: 49.1%, above 33% of 15 peers (their median 55.2%) GROSS MARGIN 49.1% · above 33% Operating margin: -38.8%, above 75% of 16 peers (their median -202.8%) OPERATING MARGIN -38.8% · above 75% Net margin: -26.7%, above 65% of 17 peers (their median -169.8%) NET MARGIN -26.7% · above 65% FCF margin: -42.7%, above 74% of 19 peers (their median -100.9%) FCF MARGIN -42.7% · above 74%
ABTC Peer median Below the median

What changed

185 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Mar 27, 2026 against Mar 31, 2025.

Risk factors
185 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Auditor change
8-K item 4.01 (change in certifying accountant) filed Sep 25, 2025
10-K · XBRL
Critical audit matters changed
New this year: Evaluation of audit evidence pertaining to the existence of and rights to digital assets (“As discussed in Notes 2 and 5 to the combined financial statements, the Company’s digital assets are either held in segregated custody accounts for the benefit of the Company, held in segregated custody accounts under the Company’s ownership and pledged as collateral under a borrowing arrangement or”); Evaluation of the sufficiency of audit evidence over Bitcoin mining revenue (“As discussed in Notes 2 and 5 to the combined financial statements, the Company recorded $185.2 million of Bitcoin mining revenue for the year ended December 31, 2025. The Company has entered into arrangements with mining pool operators to perform hash computations for the mining pools. In exchange ”). No longer listed: Evaluation of Accounting for and Disclosure of Cryptocurrency Mining Revenue Recognized; Evaluated the design of the Company’s information; Performed site visit of the facility where the; Company’s mining machines were located, which included an observation of the physical and environmental controls and mining machines; Evaluated management’s rationale for the; Evaluated and tested management’s rationale; Compared the Company’s wallet records of; Performed certain substantive analytical procedures; Evaluated management’s disclosures of its
10-K · XBRL
Accounting checks
6 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
5 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

8 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 6 checks found nothing to note

  • Auditor change
    8-K item 4.01 (change in certifying accountant) filed Sep 25, 2025
  • Critical audit matters changed
    New this year: Evaluation of audit evidence pertaining to the existence of and rights to digital assets (“As discussed in Notes 2 and 5 to the combined financial statements, the Company’s digital assets are either held in segregated custody accounts for the benefit of the Company, held in segregated custody accounts under the Company’s ownership and pledged as collateral under a borrowing arrangement or”); Evaluation of the sufficiency of audit evidence over Bitcoin mining revenue (“As discussed in Notes 2 and 5 to the combined financial statements, the Company recorded $185.2 million of Bitcoin mining revenue for the year ended December 31, 2025. The Company has entered into arrangements with mining pool operators to perform hash computations for the mining pools. In exchange ”). No longer listed: Evaluation of Accounting for and Disclosure of Cryptocurrency Mining Revenue Recognized; Evaluated the design of the Company’s information; Performed site visit of the facility where the; Company’s mining machines were located, which included an observation of the physical and environmental controls and mining machines; Evaluated management’s rationale for the; Evaluated and tested management’s rationale; Compared the Company’s wallet records of; Performed certain substantive analytical procedures; Evaluated management’s disclosures of its
  • No statement of substantial doubt about going concern
5 more checks with nothing to note
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

185 paragraphs in Risk Factors that were not in the 10-K filed Mar 31, 2025. Quoted as filed.

All 185 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Mar 31, 2025 10-K, ITEM 1A
    We presently, and we expect to continue to be, highly concentrated in Bitcoin. Bitcoin is a highly volatile asset and fluctuations in the price of Bitcoin have in the past influenced, and are likely to continue to influence, our business, financial condition, and results of operations and the value of our securities. Our investments are…
  2. Item 1A · new paragraph · not in the 10-K filed Mar 31, 2025 10-K, ITEM 1A
    In addition, we adopted ASU 2023-08, Intangibles - Goodwill and Other - Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets ("ASU 2023-08"). ASU 2023-08 requires us to measure our Bitcoin holdings at fair value on our balance sheet, with gains and losses in the fair value of our Bitcoin recognized in net…
  3. Item 1A · new paragraph · not in the 10-K filed Mar 31, 2025 10-K, ITEM 1A
    Furthermore, predicting the growth in network hashrate is extremely difficult. Generally, we would expect hashrate increases to be correlated with increases in Bitcoin price, but that has not always been the case, including during 2022 and 2023. To the extent that hashrate increases but the price of Bitcoin does not, there can be no…
  4. Item 1A · new paragraph · not in the 10-K filed Mar 31, 2025 10-K, ITEM 1A
    There is no assurance that Bitcoin miner manufacturers or any other equipment manufacturers will be able to keep pace with potential surges in demand for mining equipment. It is uncertain how manufacturers will respond to demand and whether they fulfill purchase orders fully and in a timely manner. Supply chain issues or geopolitical…

New risk paragraphs, against peers

Latest 10-K of each, Crypto companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$10.5M$65.0M$71.5M$185.2M
Net income−$79.1M$39.6M$428.9M−$153.2M
Operating cash flow−$10.9M−$56.0M−$54.0M−$79.6M
Free cash flow−$10.9M−$57.9M−$60.6M

Revenue, FY2018 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$185.2M ▲ 158.8% in FY2025

FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

5 filings in the last 30 days · SEC EDGAR

All filings

About the company

American Bitcoin, Miami, FL · from the 10-K filed Mar 27, 2026

Headquarters
Miami, FL
Country
United States
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Nov 4, 2026
Incorporated in
DE

Email alerts

Sources

The 10-K filed Mar 27, 2026 (open at SEC), compared with the 10-K filed Mar 31, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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