Monitor for definitive commercial deployment agreements, which would be the primary catalyst for this pre-revenue DLE technology company. The $9.2M cash position supports operations for several quarters without immediate financing pressure.
Price Chart
Executive Summary
International Battery Metals reported Q4 FY2026 revenue of $63K (vs. ($11K) reversal in Q4 FY2025) and a net loss of ($5.3M) or ($0.02) per share. The company continues to advance its modular DLE technology with brine testing and commercial discussions, but remains pre-revenue with $9.2M cash on hand. This is a routine earnings release with no material surprises for a development-stage company.
Key Financial Metrics
Key Facts
- Q4 FY2026 revenue was $63K from brine testing services, compared to a reversal of ($11K) in the prior year quarter.
- Net loss for Q4 was ($5.3M) or ($0.02) per share, versus net income of $0.3M or $0.00 per share in Q4 FY2025.
- Full year FY2026 revenue was $164K, down from $871K in FY2025, reflecting a shift from reimbursable revenue to service revenue.
- Cash and cash equivalents stood at $9.2M as of March 31, 2026, down from $10.7M a year earlier.
- The company raised an additional $2.0M in new equity financing during the quarter.
- Management highlighted successful brine testing across multiple formations and ongoing commercial discussions for deployment of its modular DLE plant.
Financial Impact
Q4 revenue of $63K and net loss of $5.3M; cash burn continues but $9.2M provides runway for near-term operations.
Risk Factors
- Pre-revenue stage with no guaranteed commercial contracts; cash burn may require additional equity financing.
- Revenue declined 81% year-over-year on a full-year basis, though this is partly due to a change in revenue recognition.
- Warrant liability fair value changes create significant volatility in reported net income.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-274341 |
| Document: ibatf-20260617.htm | 0001193125-26-274341 |
| Document: 0001193125-26-274341-index-headers.html | 0001193125-26-274341 |
| Document: 0001193125-26-274341-index.html | 0001193125-26-274341 |
| Document: 0001193125-26-274341.txt | 0001193125-26-274341 |
| 8-K Data (Synthetic) | 0001193125-26-274341 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 16d ago | DEF 14A | $0.0640 | awaiting T+60 | — | $0.0602 (−5.94%) |
Aug 12, 2026 10w ago | 8-K | $0.0830 | awaiting T+60 | — | $0.0602 (−27.47%) |
Aug 5, 2026 11w ago | 8-K | $0.0880 | awaiting T+60 | — | $0.0602 (−31.59%) |
Jun 30, 2026 16w ago | 8-K | $0.1090 $0.0665 | ▼ −38.99% | ▼ −42.95% | $0.0602 (−44.77%) |
Jun 17, 2026 18w ago | 8-K | $0.1060 $0.0740 | ▼ −30.19% | ▼ −32.08% | $0.0602 (−43.21%) |
Jun 8, 2026 19w ago | 8-K | $0.0980 $0.0780 | ▼ −20.41% | ▼ −24.49% | $0.0602 (−38.57%) |
Apr 29, 2026 25w ago | 8-K | $0.1060 $0.0830 | ▼ −21.70% | ▼ −24.81% | $0.0602 (−43.21%) |
Apr 16, 2026 27w ago | 8-K | $0.1140 $0.1004 | ▲ +11.93% | ▲ +18.07% | $0.0602 (+47.19%) |
Feb 25, 2026 34w ago | 8-K | $0.1380 $0.0960 | ▼ −30.43% | ▼ −38.19% | $0.0602 (−56.38%) |
US Market Status
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