American Bitcoin Corp (ABTC) Income Statement
ABTC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsABTC revenue and net income
Where ABTC's revenue goes
2025Each bar shows an amount and its share of revenue. ABTC kept −82.7% of revenue as net income.
ABTC profit margins
ABTC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +158.8% | +41.3% | +63.9% | — |
| Gross profit | +190.9% | +58.7% | +77.1% | — |
| Operating income | −147.1% | — | — | — |
| Net income | −135.7% | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ABTC quarterly EPS vs estimates
American Bitcoin beat the analyst EPS estimate in 1 of the last 3 quarters. Next report: November 4, 2026 (estimate $2.86).
ABTC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $185.2M | $71.5M | $65.0M | $65.7M | $17.6M | $15.6M | $10.9M | $0 | $0 |
| Cost of revenue | $92.0M | $39.5M | $43.6M | $42.4M | $12.6M | $10.3M | $4.6M | — | — |
| Gross profit | $93.2M | $32.0M | $21.4M | $23.3M | $5.0M | $5.4M | $6.3M | — | — |
| Research & development | — | — | — | $4.1M | $5.9M | $6.3M | $5.6M | — | — |
| Sales, general & admin | $33.4M | $34.5M | $34.2M | $18.4M | — | — | — | — | — |
| Total operating expenses | $321.2M | −$452.1M | $15.1M | $107.7M | $20.9M | $22.9M | $18.7M | $906,166 | $1,558 |
| Operating income | −$228.0M | $484.1M | $6.2M | −$84.4M | −$15.9M | −$17.5M | −$12.4M | −$906,166 | −$1,558 |
| Interest expense | $0 | $3.5M | $8.8M | $20.2M | $1.5M | $396,390 | — | — | — |
| Income before taxes | −$171.3M | $493.4M | $20.8M | −$104.6M | −$33.3M | −$33.9M | −$12.3M | $45,776 | −$1,558 |
| Income taxes | −$18.1M | $59.6M | −$18.8M | −$392,000 | −$2.3M | $400 | — | $75,733 | — |
| Net income | −$153.2M | $428.9M | $39.6M | −$104.2M | −$31.3M | −$33.9M | −$12.3M | −$29,957 | −$1,558 |
| EBITDA | −$113.0M | $519.6M | $44.0M | −$80.0M | −$10.7M | −$13.5M | −$12.4M | −$906,166 | −$1,558 |
| EPS (diluted) | −$0.51 | −$1295.76 | $0.67 | −$22.46 | −$1.22 | −$1.80 | −$3.02 | $432.19 | — |
| Gross margin | 50.3% | 44.8% | 32.9% | 35.5% | 28.5% | 34.2% | 57.6% | — | — |
| Operating margin | −123.1% | 676.7% | 9.6% | −128.5% | −90.1% | −111.8% | −113.7% | — | — |
| Net margin | −82.7% | 599.6% | 61.0% | −158.6% | −177.7% | −216.7% | −112.7% | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.0M | $62.1M | $78.3M | $64.2M | $1.4M | $12.3M | $15.7M | $11.6M | $5.5M | $7.5M | $5.5M | $5.3M |
| Cost of revenue | $34.0M | $29.6M | $36.7M | $43.5M | $2.1M | $11.7M | −$64,000 | $15.4M | $7.1M | $8.1M | $8.0M | $6.7M |
| Gross profit | $33.0M | $32.5M | $41.6M | $20.7M | −$746,000 | $687,000 | $15.7M | −$3.8M | −$1.6M | −$593,999 | −$2.6M | −$1.4M |
| Research & development | — | — | — | — | — | — | — | — | — | $2.2M | $649,070 | $659,287 |
| Sales, general & admin | $7.7M | $6.9M | $7.3M | $8.1M | $3.6M | $14.4M | $10.8M | $4.8M | $7.0M | $31.6M | — | — |
| Total operating expenses | $107.1M | $150.7M | $146.2M | $2.8M | $1.7M | $135.6M | $15.8M | $4.5M | $4.0M | $2.7M | $1.2M | $1.2M |
| Operating income | −$74.1M | −$118.2M | −$104.6M | $17.9M | −$2.4M | −$135.0M | −$77,000 | −$8.3M | −$5.5M | −$3.3M | −$3.8M | −$2.6M |
| Interest expense | — | — | — | — | $6,000 | $3,000 | $7,000 | $288,000 | $290,000 | $330,000 | $162,000 | $178,000 |
| Income before taxes | −$55.7M | −$80.8M | −$66.8M | $5.2M | −$5.3M | −$114.1M | $294.9M | −$1.1M | −$4.0M | −$11.7M | −$8.1M | −$2.6M |
| Income taxes | $1.4M | $957,000 | −$7.4M | $1.8M | — | −$13.5M | $34.8M | −$573,000 | — | −$18.8M | — | — |
| Net income | −$57.2M | −$81.8M | −$59.5M | $3.5M | −$5.3M | −$100.6M | $260.2M | −$576,000 | −$4.0M | −$11.7M | −$8.1M | −$2.6M |
| EBITDA | −$27.5M | $25.6M | −$138.6M | $33.1M | −$1.9M | −$13.7M | $526.9M | −$4.0M | −$2.3M | −$16,000 | $299,000 | $1.2M |
| EPS (diluted) | −$0.80 | −$1.76 | −$0.07 | $0.00 | −$0.35 | −$0.09 | $0.01 | −$10.98 | −$7.72 | −$27.15 | −$474.95 | −$774.48 |
| Gross margin | 49.3% | 52.4% | 53.1% | 32.3% | −54.2% | 5.6% | 100.4% | −33.0% | −28.6% | −7.9% | −47.0% | −26.5% |
| Operating margin | −110.5% | −190.3% | −133.6% | 27.9% | −176.6% | −1,093.8% | −0.5% | −71.4% | −100.6% | −43.6% | −68.8% | −49.6% |
| Net margin | −85.3% | −131.7% | −75.9% | 5.4% | −381.8% | −815.6% | 1,661.6% | −5.0% | −72.7% | −156.8% | −147.6% | −49.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ABTC's financial statements (latest annual report filed March 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ABTC financial results
In fiscal year 2025 (ended December 31, 2025), American Bitcoin reported revenue of $185.2 million, up 158.8% from the year before. It had a net loss of $153.2 million, a net profit margin of −82.7%. Diluted earnings per share came to −$0.51. Over five years revenue grew at an average rate of 63.9% a year.
See the ABTC stock overview for the latest quote and news, or the ABTC chart for price history and technical indicators.
ABTC income statement FAQ
What is American Bitcoin's annual revenue?
American Bitcoin reported total revenue of $185.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 158.8% from $71.5 million the previous year.
Is American Bitcoin profitable?
No. American Bitcoin reported a net loss of $153.2 million in fiscal 2025, a net profit margin of −82.7%; its operating margin was −123.1%.
What is American Bitcoin's gross margin?
American Bitcoin's gross margin was 50.3% in fiscal 2025: for every $100 of revenue, American Bitcoin kept $50 after the direct cost of its products and services.
How fast is American Bitcoin growing?
Revenue grew 63.9% a year on average over the last five fiscal years, from $15.6 million to $185.2 million.
What are American Bitcoin's earnings per share?
American Bitcoin earned $-0.51 per diluted share in fiscal 2025, compared with $-1295.76 a year earlier.
When will American Bitcoin report its next earnings?
American Bitcoin is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does American Bitcoin's fiscal year end?
American Bitcoin's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 27, 2026.