AMERICAN BATTERY TECHNOLOGY Co (ABAT) Form 10-K — Sep 14, 2026
American Battery Technology Company filed its fiscal 2026 annual report, posting revenue of $21.7 million for the year ended June 30, 2026, a 407% increase from $4.3 million in fiscal 2025, driven by higher feedstock throughput and better metal prices. Its fiscal fourth quarter delivered a gross margin of $1.3 million versus a $2.6 million gross loss a year earlier, as the McCarran, Nevada recycling facility ramps toward commercial scale. Profitability remains distant: the net loss widened to $73.4 million from $46.8 million, the accumulated deficit reached $333.5 million, and operating cash burn was $24.2 million.
Key figures
- Revenue
- 21741726
- Total Debt
- 0
- Revenue Yoy
- 407%
- Total Assets
- 132839709
- Cash Position
- 49519474
- Shares Outstanding
- 142577758
- Employees
- 191 full-time, 4 part-time as of Sept 8, 2026
- Tflp Pp Reserves
- 2.7 million tonnes LHM proven and probable
- Working Capital
- $53.7M vs $10.9M prior year
- Gross Loss FY2026
- -$3.1M (vs -$10.6M FY2025)
- Q4 FY2026 Revenue
- $8.2M vs $2.8M year-ago
- Tflp Lhm Resource
- 21.3 million tonnes LHM (Sept 2025 PFS)
- Government Awards
- $143.6M DOE award; $57.7M DOE cooperative agreement (terminated Oct 2025, reinstated Jan 2026); $10M DOE award; $60M 48C tax credits; $900M EXIM loan Letter of Interest
- Atm Proceeds FY2026
- $65.8M via Virtu Americas ATM
- Operating Cash Burn
- -$24.2M FY2026
- Accumulated Deficit
- $333.5M
- Q4 FY2026 Gross Margin
- $1.3M vs -$2.6M year-ago (first positive quarter)
- Customer Concentration
- five customers ~86% of FY2026 revenue; three customers ~74% FY2025
- Warrant Exercise Proceeds
- $10.0M
- Adjusted Gross Margin FY2026
- $1.7M (non-GAAP, vs -$6.2M FY2025)
AI analysis
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