Latest revenue
$7.8M
as of 2026-03-31
Latest net income
$-33.8M
as of 2026-03-31
Net margin
-433.2%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $440.6M
- Enterprise value
- $440.6M
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $11.49
- 52-wk low
- $1.20
- Beta
- —
- Shares out
- 136.4M
5-year trend
What this company does
American Battery Technology Company produces critical lithium-ion battery materials—lithium, nickel, cobalt, and manganese—through both primary mining in Nevada and recycling of end-of-life batteries. Revenue comes from selling recovered battery metals and intermediate products like black mass from its McCarran, Nevada recycling plant, alongside planned lithium output from its Tonopah claystone resource. The company is in an early commercialization phase, racing to build out domestic US battery material supply as less than 1% of materials feeding US cell manufacturers are currently sourced domestically.
Generated from ABAT's filing dated 2025-09-18
Key risks
- Going concern uncertainty likely: ABTC is pre-revenue/early commercialization with high capex needs for Tonopah claystone lithium and McCarran recycling operations.
- Policy dependence: business case relies on U.S. government grants, IRA incentives, and tariff support that could be reversed under shifting administrations.
- Commodity price exposure: lithium, nickel, cobalt prices have been highly volatile, directly impacting recycling margins and project economics versus low-cost Asian producers.
Generated from ABAT's filing dated 2025-09-18
Profitability
Gross margin
-246.5%
71.4%Operating margin
-979.5%
93.0%Net margin
-1090.0%
92.9%Return on equity
-66.2%
22.5%Return on assets
-55.4%
18.1%Leverage
Debt / equity
0.20×
25.6%Debt / assets
16.4%
21.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $7.8M | +697.1% | $-33.8M | -194.3% | -433.2% |
Q4 2025 2025-12-31 | $4.8M | +1331.8% | $-9.3M | +30.7% | -195.0% |
Q3 2025 2025-09-30 | $937.6K | +364.2% | $-10.3M | +11.9% | -1098.5% |
Q2 2025 2025-06-30 | $2.8M | — | $-10.2M | +58.2% | -366.4% |
Q1 2025 2025-03-31 | $980.0K | — | $-11.5M | -15.0% | -1173.1% |
Q4 2024 2024-12-31 | $332.4K | — | $-13.4M | -44.2% | -4031.0% |
Q3 2024 2024-09-30 | $202.0K | — | $-11.7M | -31.5% | -5790.5% |
Q2 2024 2024-06-30 | — | — | $-24.3M | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Mining & Quarrying of Nonmetallic Minerals (No Fuels) · SIC 1400
Your notes
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Insider activity
Insider buying
$4.3M
Insider selling
$1.5M
Net activity
+$2.8M
Distinct insiders
5
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns ABAT
Institutional value
$67.3M
Total shares held
24.1M
Distinct holders
101
-54 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 10.2M | $28.4M | +1.3M (+14.2%) | Added |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 5.5M | $15.5M | — | New |
| 3 | UBS Group AG | 1.8M | $4.9M | +1.4M (+335.3%) | Added |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.2M | $3.2M | — | New |
| 5 | VANGUARD FIDUCIARY TRUST CO | 858.4K | $2.4M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 644.4K | $1.8M | +501.9K (+352.3%) | Added |
| 7 | Nuveen, LLC | 508.9K | $1.4M | +31.8K (+6.7%) | Added |
| 8 | ALPS ADVISORS INC | 430.6K | $1.2M | +119.2K (+38.3%) | Added |
| 9 | Bank of New York Mellon Corp | 304.3K | $848.9K | +20 (+0.0%) | Added |
| 10 | Swiss National Bank | 257.2K | $717.6K | +24.4K (+10.5%) | Added |
| 11 | RHUMBLINE ADVISERS | 166.6K | $464.8K | +39.5K (+31.0%) | Added |
| 12 | JANE STREET GROUP, LLC | 140.5K | $392.0K | -1.7M (-92.5%) | Trimmed |
| 13 | Vanguard Global Advisers, LLC | 128.6K | $358.8K | — | New |
| 14 | Quantbot Technologies LP | 125.6K | $350.3K | +120.9K (+2594.6%) | Added |
| 15 | Worth Financial Advisory Group, LLC | 355 | $335.4K | — | New |
| 16 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 112.9K | $315.0K | +17.5K (+18.3%) | Added |
| 17 | Financial Gravity Asset Management, Inc. | 101.9K | $284.4K | — | New |
| 18 | Mirae Asset Global Investments Co., Ltd. | 93.4K | $260.7K | — | New |
| 19 | DEUTSCHE BANK AG\ | 90.5K | $252.6K | +10.4K (+13.0%) | Added |
| 20 | Invesco Ltd. | 87.3K | $243.7K | +9.6K (+12.3%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With no revenue disclosed, what is current monthly cash burn at the McCarran recycling plant and Tonopah lithium project, and runway before next raise?
- 2
Given <1% of battery materials are US-sourced, what binding offtake agreements with specific volumes and prices has ABTC actually secured?
- 3
DOE grant status and IRA 45X eligibility—quantify expected 2025 government funding and disclose any clawback or milestone risks investors should know.
Refreshed when ABAT files a new report · last from 2025-09-18