American Battery Technology Company (ABAT) Q4 2026 earnings summary

Executive summary

• Achieved record annual revenue of $21.7 million for FY 2026, a 407% increase year-over-year, driven by scaling battery recycling operations, higher throughput, byproduct production, and improved pricing.

• Turned adjusted gross profit positive at $1.7 million, reversing a prior year loss of $6.2 million, reflecting improved operating economics and scale.

• Strengthened balance sheet with a cash balance of $49.5 million and no outstanding debt as of June 30, 2026.

• Expanded domestic critical minerals infrastructure, including ramp-up of the first recycling facility and development of a second, and advanced lithium resource development.

• Expanded partnerships and government support, including multiple U.S. Department of Energy grants and project visits.

Financial highlights

• Revenue reached $21.7 million, a 407% increase over the previous year, with $1.0 million in interest income.

• Cost of goods sold rose 67% to $24.8 million, significantly lower than revenue growth due to operational efficiencies.

• Adjusted gross profit turned positive at $1.7 million, compared to a $6.2 million loss in the prior year.

• Cash balance increased to $49.5 million from $7.5 million, with total assets at $132.8 million and zero debt.

• Net loss attributable to common stockholders was $73.4 million, compared to $46.8 million in the prior year.

Outlook and guidance

• Continued ramp-up of commercial-scale lithium-ion battery recycling and expansion of recycling capacity by 5X through site selection for a second facility.

• Advancing development of a domestic lithium claystone mine and refinery, targeting 30,000 tonnes/year of battery-grade lithium hydroxide.

• Ongoing collaboration with federal agencies and pursuit of further government contract drawdowns and grants.