The massive EPS miss and escalating operating expenses ($71.6M vs $31.4M) signal that revenue growth is not translating to profitability, and dilution from share count growth (45% YoY) is pressuring per-share metrics. Traders should watch for the Q4 FY2026 earnings call for guidance on when adjusted gross margin can become GAAP-positive and whether operating expense growth moderates.
Price Chart
Executive Summary
American Battery Technology Company reported fiscal year 2026 results with record revenue of $21.7M (up 407% YoY) but a GAAP net loss of $73.4M ($0.58/share) that missed consensus EPS estimates of -$0.05 by a wide margin. The company highlighted positive adjusted gross margin (non-GAAP) of $1.7M, a strengthened balance sheet with $49.5M cash and no debt, and continued progress on its recycling and lithium projects. The massive EPS miss relative to consensus overshadows the operational milestones, making this a bearish report for near-term sentiment despite the long-term narrative.
Key Financial Metrics
Key Facts
- Revenue increased 407% YoY to $21.7M from $4.3M
- GAAP net loss was $73.4M ($0.58/share), far worse than consensus EPS of -$0.05
- Adjusted gross profit (non-GAAP) turned positive at $1.7M vs a loss of $6.2M in FY2025
- Cash balance grew to $49.5M from $7.5M; no outstanding debt
- Cost of goods sold rose only 67% to $24.8M, reflecting operational efficiencies
- Total operating expenses surged to $71.6M from $31.4M, driven by G&A and R&D
- Company ended FY2026 with 141.5M shares outstanding, up from 97.4M a year ago
- Selected for $30M battery cleanup project and advanced $150M DOE grant for second recycling facility
- Tonopah Flats Lithium Project PFS shows 21.3M tonnes lithium hydroxide resource
Financial Impact
EPS miss of -$0.21 vs consensus -$0.05 (-420% surprise); revenue beat of $21.7M vs $8.2M consensus (+165% surprise)
Risk Factors
- EPS miss of 420% vs consensus indicates severe profitability challenges
- Operating expenses grew 128% to $71.6M, far outpacing revenue growth
- Share count increased 45% YoY, diluting existing holders
- Company remains GAAP unprofitable with negative gross margin of -$3.1M
- Forward-looking statements about DOE grants and project timelines carry execution risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3360988 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | EFFECT | $2.09 | awaiting T+20 | — | $1.28 (+38.76%) |
Oct 1, 2026 25d ago | 8-K | $2.19 | awaiting T+20 | — | $1.28 (−41.55%) |
Oct 1, 2026 25d ago | Press Release | $2.28 | awaiting T+20 | — | $1.28 (−43.86%) |
Sep 18, 2026 5w ago | S-3 | $2.33 $1.45 | ▲ +37.77% | ▲ +36.86% | $1.28 (+45.06%) |
Sep 16, 2026 5w ago | 8-K | $2.24 $1.57 | ▲ +29.91% | ▲ +31.12% | $1.28 (+42.86%) |
Sep 14, 2026 6w ago | Press Release | $2.36 $1.83 | ▲ +22.46% | ▲ +24.72% | $1.28 (+45.76%) |
Aug 25, 2026 8w ago | Insider Cluster | $2.60 $2.33 | ▼ −10.38% | ▼ −11.59% | $1.28 (−50.77%) |
Aug 20, 2026 9w ago | 8-K | $2.57 $2.33 | ▼ −9.34% | ▼ −10.35% | $1.28 (−50.19%) |
Aug 20, 2026 9w ago | Press Release | $2.33 $2.18 | ▲ +6.44% | ▲ +6.32% | $1.28 (+45.06%) |
Aug 14, 2026 10w ago | Institutional Cluster | $2.49 $2.36 | ▼ −5.22% | ▼ −3.23% | $1.28 (−48.59%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers