American Battery Technology Company Reports 697% Revenue Growth in Latest Quarter

American Battery Technology Company (ABTC) reported significant financial developments in its latest 10-Q filing for the quarter ending March 31, 2026. The company generated revenue of $7.8 million during the quarter, a substantial increase from $1.0 million in the same period last year, marking a 697% rise. For the nine months ending March 31, 2026, total revenue reached $13.5 million, compared to $1.5 million for the same period in 2025, reflecting a 792% increase. Despite this growth, the company reported a net loss of $33.8 million for the quarter, up from a loss of $11.5 million in the prior year, and a net loss of $53.4 million for the nine-month period, compared to a loss of $36.6 million in the previous year.

The increase in revenue was primarily attributed to higher production throughput and increased market prices for recycled materials. However, total cost of goods sold also rose significantly, reaching $7.1 million for the quarter and $17.9 million for the nine months, compared to $3.7 million and $9.5 million, respectively, in the prior year. The rise in costs was driven by increased headcount, facility absorption costs, and feedstock expenses. The company achieved a gross profit of $0.7 million for the quarter, its first positive gross margin, while the adjusted gross profit, excluding non-cash items, was $2.0 million.

Strategically, ABTC has made notable advancements, including the ramp-up of its integrated lithium-ion battery recycling facility and the completion of various government grants aimed at enhancing its operational capabilities. The company has been awarded a total of $19.5 million in tax credits through the Qualifying Advanced Energy Project Credits program, which can be utilized for capital expenditures at its recycling facility. Additionally, ABTC has been actively pursuing the development of its Tonopah Flats Lithium Project, which has been recognized as a priority project by the National Energy Dominance Council.

Operationally, ABTC has expanded its workforce to support increased production capacity, resulting in a headcount increase. As of March 31, 2026, the company reported cash and cash equivalents of $38.5 million, a significant increase from $7.5 million at the end of June 2025. The company has eliminated its debt, which stood at $7.7 million a year prior. Looking ahead, management anticipates that revenue growth and ongoing cost efficiencies will help reduce operating losses in the near term, while continuing to rely on equity financing to support its operations and growth initiatives.