ABAT earnings analysis
What we found in ABAT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
American Battery Technology Company (ABAT) reported significant revenue growth for Q3 2026, achieving $7.8 million compared to $1.0 million in Q3 2025, marking a 697% year-over-year increase. Despite this top-line growth, the Company incurred an operating loss of $33.8 million due to substantial operating expenses, primarily linked to stock-based compensation and increased operational costs. The firm also reported improved liquidity with available cash of $38.5 million, marking a substantial increase from the previous year.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Significant Revenue Growth
- Revenue surged to $7.8 million in Q3 2026 from $1.0 million in Q3 2025, a 697% increase.
- First Positive Gross Profit
- Achieved a gross profit of $0.7 million for the first time in Q3 2026, a notable improvement from a gross loss a year earlier.
- Improved Liquidity Position
- Cash and cash equivalents increased to $38.5 million compared to $7.5 million a year earlier.
- Managed Cash Burn
- Operating cash flows improved to a loss of $2.7 million in Q3 2026, down from $10.3 million in Q3 2025.
- Debt-Free Position
- The company's debt decreased to zero, down from $7.7 million in March 2025.
- Operational Scaling
- Continued investment in personnel and capacity with total operating expenses at $35.1 million, up from $8 million in Q3 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Operating Losses
- Net loss widened to $33.8 million in Q3 2026 compared to $11.5 million in Q3 2025.
- Increased Operating Expenses
- Operating expenses increased significantly to $35.1 million, driven mainly by $24.5 million in stock compensation.
- Dependence on Financing
- Continues to rely on external financing, with no assurance of achieving additional revenue to support operations.
What they reported.
What the company itself reported, taken out of the document.
- Gross margin
- 9.0%
What they said about what is next.
Management anticipates revenue growth to continue but did not provide explicit numeric guidance.
The filing reads better than the one before it.
What came before.
- 10-Q · February 5, 2026
- American Battery Technology (ABAT) reported a strong top-line inflection in the quarter with revenue of $4,759,831 (vs. $332,440 a year earlier) and improved losses (net loss $9,280,971 vs. $13,400,506). The company…
- 10-Q · November 6, 2025
- ABTC reported revenue of $937,589 for the quarter ended September 30, 2025, up from $201,960 in the prior-year quarter, driven by higher product sales. Despite revenue growth, the company posted a net loss of…
- 10-Q · February 14, 2025
- American Battery Technology Company reported quarterly revenue of $332,440 and a net loss of $13.4 million (EPS $(0.18)) for the three months ended December 31, 2024, driving continued large negative gross and operating…
- 10-Q · November 14, 2024
- American Battery Technology Company reported revenue of $201,960 for the quarter ended September 30, 2024 and a net loss of $11,694,569 (−$0.17 per share). Gross loss was $2,340,681 (gross margin −1,159.0%) and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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