Sales up 158.8%
The latest figures
All key numbers (32) From EDGAR
| EPS (ttm) | -1.16 | Sales (ttm) | 270.8M | Net income (ttm) | -72.4M | Sales growth | +159% | EPS growth | -135% | Sales Q/Q | -1.3% |
| Free cash flow | -115.6M | Gross margin | 49.1% | Oper. margin | -38.8% | Net margin | -26.7% | FCF margin | -42.7% | ROE | -9.1% |
| ROA | -5.1% | R&D / sales | - | Dividend | - | Debt/Eq | - | Curr. ratio | 0.70 | Cash | 7.4M |
| Op. cash flow (ttm) | -109.0M | EBITDA | -169.7M | EBITDA margin | -91.7% | Quick ratio | 0.70 | Stock pay / sales | 1.2% | Shares out. | 72.9M |
| Shares Y/Y | +1.5% | Book / share | 10.96 | Cash / share | 0.10 | Sales / share | 3.72 | Asset turnover | 0.19 | Days sales out. | 1 |
| Sales 3Y CAGR | +161% | Sales 5Y CAGR | +63.0% |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
Changes in the numbers
FY2025 against FY2024-
Revenue growth sped up to +158.8%+10.1% → +158.8% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
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Operating margin narrowed to -123.1%676.7% → -123.1% · Operating income / revenue · 10-K ↗
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Net income turned to a loss$428.9M → −$153.2M · Net income attributable to the company · 10-K ↗
ABTC against Crypto peers
Ten years, side by side → · All 32 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 32 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| ABTC American Bitcoin | $270.8M | +159% | 49.1% | -26.7% | -9.1% | -42.7% | - |
| HUT Hut 8 | $305.5M | +44.8% | 61.5% | -169.8% | -33.2% | - | - |
| GEMI Gemini Space Station | $206.7M | +26.3% | - | -250.1% | -110.4% | -148.6% | - |
| WULF TeraWulf | $190.8M | +20.3% | 25.7% | -410.9% | -90.1% | - | 3.56 |
| CIFR Cipher Digital | $146.1M | +48.0% | 50.5% | -742.3% | -180.7% | - | 9.26 |
| BTBT Bit Digital | $122.8M | +5.1% | - | -237.2% | -73.7% | -619.3% | 0.26 |
Profitability
1 of 3- ✓Net margin above the peer median-26.7% vs -169.8%
- !Return on equity below 15%-9.1%
- !A profit in 2 of 8 years
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
Revenue and net income, FY2018 to FY2025
Revenue 185.2M Net income -153.2MFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
Where the $185.2M of revenue came from
by region, year to Dec 31, 2025- United States $183.1M · 99%
- Canada $2.0M · 1%
From the segment tables in the 10-K XBRL. Revenue by segment, product and region →
Income statement, balance sheet and cash flow
ABTC's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by region
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| United States | 183.1M | 98.9% | +310% |
| Canada | 2.0M | 1.1% | -92.5% |
10-K 0001193125-26-127278, segment and revenue notes (XBRL).
Income statement
From EDGAR| FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.5M | 10.8M | 12.6M | 17.6M | 10.5M | 65.0M | 71.5M | 185.2M |
| Cost of revenue | 4.4M | 4.6M | 6.2M | 7.4M | 4.9M | 43.6M | 39.5M | 92.0M |
| Gross profit | 6.1M | 6.2M | 6.4M | 10.2M | 5.5M | 3.4M | - | - |
| R&D | 2.6M | 5.6M | 3.2M | 5.9M | 4.1M | 2.3M | - | - |
| SG&A | 5.9M | 13.1M | 11.3M | 10.2M | 8.0M | 34.2M | 34.5M | 33.4M |
| Operating income | -2.5M | -12.5M | -17.3M | -33.1M | -43.1M | 6.2M | 484.1M | -228.0M |
| Interest expense | -6K | -91K | 4K | 508K | 256K | 8.8M | 3.5M | - |
| Pretax income | - | -12.4M | -14.4M | -33.3M | -47.0M | 20.8M | 493.4M | -171.3M |
| Income tax | - | - | 31K | -2.3M | -701K | -18.8M | 59.6M | -18.1M |
| Net income | -2.5M | -12.4M | -13.6M | -31.3M | -79.1M | 39.6M | 428.9M | -153.2M |
| EPS (diluted) | -0.51 | -2.05 | -1.14 | -1.22 | -546.56 | 0.04 | 0.49 | -0.17 |
| Diluted shares | - | - | - | - | 146K | 891.8M | 891.8M | 905.1M |
| Depreciation & amortization | - | - | 1.3M | 5.7M | 7.8M | 919K | 22.7M | 58.2M |
| EBITDA | - | - | -16.0M | -27.4M | -35.2M | 7.2M | 506.8M | -169.7M |
| Gross margin | 58.4% | 57.2% | 50.6% | 57.8% | 53.0% | 5.3% | - | - |
| Operating margin | -23.5% | -115.6% | -137.4% | -187.8% | -412.0% | 9.6% | 676.7% | -123.1% |
| Net margin | -23.8% | -114.6% | -107.9% | -177.7% | -755.9% | 61.0% | 599.6% | -82.7% |
| Revenue growth | - | +3.3% | +16.2% | - | -40.7% | +521% | +10.1% | +159% |
| EPS growth | - | - | - | - | - | - | +1125% | -135% |
Balance sheet
From EDGAR| FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash | 1.6M | 21.9M | 24.2M | 12.6M | 267K | 915K | 735K | 3.8M |
| Short-term investments | - | - | - | - | 235K | 403K | 115K | - |
| Receivables | 254K | 1.3M | 1.9M | 874K | 430K | 486K | - | - |
| Current assets | 2.8M | 24.2M | 27.7M | 18.2M | 10.8M | 5.4M | 153.1M | 8.9M |
| Property & equipment | - | - | 131K | 66K | 49K | 12.9M | 43.1M | 341.7M |
| Goodwill | - | - | 20.3M | 32.8M | 18.7M | 57.6M | 53.1M | 154.4M |
| Total assets | - | 24.2M | 58.5M | 94.5M | 19.5M | 18.8M | 1.1B | 1.2B |
| Accounts payable | 550K | 1.3M | 1.4M | 1.7M | 1.4M | 2.2M | 876K | 2.0M |
| Current liabilities | 1.4M | 2.4M | 11.8M | 29.2M | 22.5M | 19.4M | 50.3M | 111.6M |
| Total debt | - | - | - | 17.3M | 14.6M | 5.1M | 5.6M | - |
| Total liabilities | - | 5.5M | 23.0M | 34.5M | 24.3M | 19.4M | 91.3M | 580.7M |
| Shareholders' equity | 1.4M | 18.7M | 35.5M | 59.9M | 26.7M | 473.8M | 1.0B | 665.8M |
| Retained earnings | -12.9M | -27.6M | -41.2M | -88.5M | -167.6M | -47.2M | -67.7M | -52.5M |
Cash flow
From EDGAR| FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -3.7M | -9.0M | -14.3M | -8.2M | -10.9M | -56.0M | -54.0M | -79.6M |
| Capital spending | - | - | - | 39K | 32K | 1.9M | 6.6M | - |
| Free cash flow | - | - | - | -8.2M | -10.9M | -57.9M | -60.6M | - |
| Stock-based pay (added back) | - | 491K | 1.2M | 2.1M | 874K | 9.1M | 9.2M | 2.1M |
| Acquisitions | - | - | 89K | 5.0M | -400K | - | - | -894K |
| Debt raised | - | - | 17.2M | 18.0M | - | - | - | - |
| Debt repaid | - | - | - | 4.6M | 5.2M | - | - | - |
| Investing cash flow | - | 18.8M | -3.6M | -10.5M | -4.0M | 62.7M | -66.6M | -398.3M |
| Financing cash flow | 1.0M | 10.0M | 20.2M | 14.7M | 8.6M | -6.8M | 120.6M | 481.7M |
Stock-based pay and leases
From EDGARFrom SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.