American Battery Technology Company Reports 407% Revenue Growth to $21.7 Million in Fiscal Year 2026

American Battery Technology Company (ABTC) reported significant financial growth in its fiscal year ending June 30, 2026, with revenues reaching $21.7 million, a 407% increase from $4.3 million in the previous fiscal year. The company generated its first revenue in the fourth quarter of fiscal year 2024, marking a pivotal moment in its operational history. Despite this revenue growth, ABTC incurred a net loss of $73.4 million for the fiscal year, compared to a loss of $46.8 million in the prior year, reflecting ongoing investments in expanding its recycling operations and developing its lithium extraction technologies.

The company's cost of goods sold (COGS) also increased, totaling $24.8 million for the fiscal year, up from $14.9 million in fiscal year 2025. This rise in COGS was attributed to higher feedstock costs and increased personnel expenses as ABTC ramped up production capacity. The gross loss for the year was $3.1 million, an improvement from a gross loss of $10.6 million in the previous year, indicating enhanced operational efficiency as production volumes increased.

Strategically, ABTC has made significant advancements in its operations, including the successful ramp-up of its first integrated lithium-ion battery recycling facility, which has a processing capacity of approximately 20,000 tonnes per year. The company has also secured substantial funding through various grants and tax credits, including a $150 million grant from the U.S. Department of Energy to support the construction of a second recycling facility with a processing capacity of 100,000 tonnes per year. Additionally, ABTC is developing the Tonopah Flats Lithium Project, which is projected to contain approximately 21.3 million tonnes of lithium hydroxide monohydrate resources.

Operationally, ABTC has expanded its workforce, employing 191 full-time and 4 part-time employees as of September 2026. The company has also reported a significant increase in customer engagement, with five major customers accounting for approximately 86% of its revenue in fiscal year 2026. The company’s focus on recycling and sustainable practices aligns with the growing demand for critical minerals in the electric vehicle and renewable energy sectors, positioning ABTC favorably within the market.

Looking ahead, ABTC faces challenges related to its ongoing losses and the need for additional financing to support its growth initiatives. The company has indicated that it will continue to rely on equity and debt financing to fund its operations and expansion plans. Furthermore, a recent federal directive prohibiting the export of black mass could impact revenue, as sales of this material represent a significant portion of the company's income. ABTC is actively seeking exceptions to this directive while pursuing its strategic objectives in the critical minerals sector.