American Battery Technology Company (ABAT) AI Stock Analysis
ABAT AI stock analysis summary
AI ResearchAmerican Battery Technology Company (ABAT) is a battery materials exploration and recycling company based in Reno, Nevada. In FY2026, revenue increased 406.8% to $21.7M, though net income was -$73.4M and free cash flow stood at -$37.8M. The company ended FY2026 with $49.5M in cash and short-term investments against total debt of $190,163.
- Market cap
- $211.0M
- Revenue (TTM)
- $21.7M
- P/E
- — fwd 37.7x
- 1Y return
- -73.9% S&P 500 16.8%
- Avg. target
- $6.00 305.4% vs last close
Bull case
- Revenue grew 406.8% to reach $21.7M in FY2026, supported by a 695.6% two-year CAGR from FY2024.
- The balance sheet holds $49.3M in net cash with total debt of just $190,163 and a current ratio of 9.53.
- Wall Street analysts set a mean price target of $6.00, which sits 305.4% above the last close of $1.48.
Bear case
- The company remains deeply unprofitable, posting a net loss of -$73.4M and an operating margin of -343.6% in FY2026.
- Free cash flow was -$37.8M in FY2026, contributing to a 225.2% increase in share count over 5 years.
- The stock dropped 73.9% over the past year and trades 52.0% below its 200-day moving average.
What American Battery Technology does
American Battery Technology Company, headquartered in Reno, Nevada, specializes in battery materials and technologies. The company explores and sources battery metals essential for electric vehicle and renewable energy industries, including lithium, nickel, cobalt, and manganese. In addition to resource identification and extraction technologies, the company commercializes integrated processes for recycling lithium-ion batteries. Originally founded as American Battery Metals Corporation in 2011, it rebranded to reflect its focus on sustainable solutions and extraction capabilities, operating near critical resources in Nevada with 191 employees.
Growth and profitability
Revenue expanded from $343,500 in FY2024 to $4.3M in FY2025, reaching $21.7M in FY2026, representing a two-year revenue CAGR of 695.6%. In the latest quarter ending June 30, 2026, quarterly revenue grew 196.6% year-over-year. However, the company remains unprofitable. Operating margin improved from -10921.6% in FY2024 to -979.5% in FY2025 and -343.6% in FY2026, with gross margin at -29.9% in FY2026. Net losses widened from -$52.5M in FY2024 and -$46.8M in FY2025 to -$73.4M in FY2026, resulting in FY2026 diluted EPS of -$0.57. Research and development expense totaled $17.9M in FY2026.
Balance sheet and cash flow
As of June 30, 2026, American Battery Technology Company held $49.5M in cash and short-term investments alongside total debt of $190,163, resulting in net cash of $49.3M and a debt-to-equity ratio of 0.00. Its current ratio stood at 9.53. In FY2026, operating cash flow was -$24.2M and capital expenditures reached $13.6M, producing free cash flow of -$37.8M. Additionally, the company's share count increased 225.2% over 5 years.
Valuation and performance
American Battery Technology Company trades at a price-to-sales ratio of 9.7x and an enterprise value to revenue multiple of 12.9x, both higher than the median of its US-listed Industrials peers of 1.5x for price-to-sales. Its forward P/E is 37.7x compared to the peer median of 17.2x. Over the past year, the stock fell 73.9%, while the S&P 500 (SPY) returned 16.8%. Over 5 years, the stock is down 92.9% versus an 83.0% gain for the S&P 500.
What analysts expect
Wall Street coverage includes 1 Strong Buy and 1 Buy rating. The mean price target is $6.00, representing a 305.4% premium over the last close of $1.48. For the fiscal year ending June 30, 2027, consensus estimates project revenue of $31.7M and an EPS of -$0.39. For the following fiscal year, 1 analyst projects revenue of $25.3M and an EPS of -$0.39. The company beat EPS estimates in 0 of the last 4 quarters, and the next earnings date is November 5, 2026.
Key risks and what to watch
- Dilution risk is elevated following a 225.2% increase in share count over 5 years to finance negative free cash flow of -$37.8M in FY2026.
- Revenue projections for the fiscal year ending June 30, 2028, forecast a decline of 20.2% to $25.3M.
- With a short interest of 16.4% of float and a beta of 1.31, the stock exhibits substantial volatility.
- Operational execution remains unproven regarding profitability targets, with EPS beating consensus in 0 of the last 4 quarters.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this ABAT AI stock analysis
This page is an AI-written research summary of American Battery Technology Company (ABAT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: ABAT income statement, ABAT balance sheet, ABAT key metrics, ABAT analyst forecast, ABAT chart. See the ABAT stock overview for the latest quote and news.
ABAT AI stock analysis FAQ
Does American Battery Technology Company pay a dividend?
American Battery Technology Company does not pay a dividend. The company directs available capital toward operations, generating free cash flow of -$37.8M in FY2026.
What is ABAT's balance sheet and cash position?
As of June 30, 2026, the company held $49.5M in cash and short-term investments with total debt of $190,163, resulting in net cash of $49.3M. Its current ratio was 9.53.
How fast is American Battery Technology Company growing?
Revenue rose 406.8% in FY2026 to $21.7M, up from $4.3M in FY2025 and $343,500 in FY2024, achieving a two-year revenue CAGR of 695.6%. In the latest quarter ending June 30, 2026, revenue grew 196.6% year-over-year.
What are Wall Street analysts projecting for ABAT?
Analysts maintain 1 Strong Buy and 1 Buy rating with a mean price target of $6.00, representing upside of 305.4% from the last close of $1.48. Consensus forecasts revenue of $31.7M and EPS of -$0.39 for the fiscal year ending June 30, 2027.