Growth & profitability
- Revenue has grown 71.2% per year over the past 5 years.
- Operating margin has expanded, at -123.1% in the latest year.
Financial health
- Total debt has grown slower than revenue (-45.5% vs 71.2% per year).
ABTC Financials American Bitcoin Corp.
8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $185M | -$153M | 50.3% | -123.1% | -23.0% | -12.3% | — | — | $4M |
| 2024 | $72M | -$21M | 44.8% | 676.7% | -2.1% | -1.9% | -$61M | — | $735000 |
| 2023 | $65M | -$29M | 5.3% | 9.6% | -6.0% | -151.9% | -$58M | $5M | $915000 |
| 2022 | $10M | -$79M | 53.0% | -412.0% | -296.1% | -406.1% | -$11M | $15M | $269000 |
| 2021 | $18M | -$31M | 57.8% | -187.8% | -52.3% | -33.2% | -$8M | $17M | $14M |
| 2020 | $13M | -$14M | 50.6% | -137.4% | -38.2% | -23.2% | — | — | $25M |
| 2019 | $11M | -$14M | 57.2% | -115.6% | -77.0% | -59.6% | — | — | $22M |
| 2018 | $10M | — | 58.4% | -23.5% | 0.0% | — | — | — | $3M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $67M | -$57M | 49.3% | -110.5% | -8.5% | -4.4% | — | — | $18M |
| Mar '26 | $62M | -$82M | 52.4% | -190.3% | -11.8% | -6.3% | — | — | $10M |
| Dec '25 | $78M | -$59M | 53.1% | -133.6% | -8.9% | -4.8% | — | — | $4M |
| Sep '25 | $64M | $3M | 56.0% | 11.2% | 0.6% | 0.3% | — | — | $8M |
| Jun '25 | $30M | $3M | 49.4% | 14.5% | 1.0% | 55.4% | — | — | $206M |
| Mar '25 | $12M | -$101M | 5.6% | -1093.8% | -86.9% | -1120.6% | — | — | $2M |
| Dec '24 | $16M | $260M | 100.4% | 1967.7% | 25.6% | 23.5% | — | — | $735000 |
| Sep '24 | $12M | -$576000 | 4.2% | -87.8% | -0.1% | -7.6% | — | — | $0 |
| Jun '24 | $6M | -$61M | 31.0% | -106.4% | -9.9% | -533.4% | — | — | $1M |
| Mar '24 | $7M | -$12M | 35.4% | -20.8% | -1.7% | -66.0% | — | — | $2M |
| Dec '23 | $6M | -$11M | -9.0% | -94.4% | -2.3% | -58.3% | — | $5M | $915000 |
| Sep '23 | $5M | -$8M | 20.2% | -167.9% | -79.7% | -193.4% | — | $8M | $1M |
| Jun '23 | $5M | -$3M | 25.1% | -50.8% | -14.6% | -40.9% | — | $10M | $980000 |
| Mar '23 | $5M | -$7M | 30.6% | -33.3% | -33.7% | -98.8% | — | $8M | $2M |
| Dec '22 | -$340965 | -$25M | 316.0% | -198.3% | -94.5% | -129.6% | — | $15M | $269000 |
| Sep '22 | $3M | -$2M | 51.8% | -121.0% | -11.5% | -5.1% | — | $14M | $9M |
| Jun '22 | $3M | -$30M | 66.3% | -577.6% | -228.4% | -68.5% | — | $13M | $5M |
| Mar '22 | $4M | -$22M | 64.1% | -468.7% | -53.8% | -29.5% | — | $15M | $10M |
| Dec '21 | $4M | -$17M | 41.4% | -555.4% | -28.7% | -18.2% | — | $17M | $14M |
| Sep '21 | $5M | -$2M | 61.6% | -72.5% | -2.4% | -2.1% | — | $4M | $10M |
Valuation over time
How the market has priced ABTC against its own fundamentals since 2025-09 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has fallen from 91.6× (Sep '25) to 3.5× (Sep '26).
P/S
Frequently asked questions
Is ABTC growing its revenue and profit?
Over the past 5 years, American Bitcoin Corp.'s revenue has grown 71.2% per year. These are computed facts, not advice.
How much debt does ABTC have?
As of FY2025, American Bitcoin Corp. reported — of total debt against $4M of cash.
What is ABTC's profit margin?
In FY2025, gross margin was 50.3%, operating margin -123.1%, and net margin -82.7%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.