American Battery Tech Reports $21.7M Revenue, Up 407% Year-Over-Year

American Battery Technology Company (ABAT) reported revenue of $21.7 million for fiscal year 2026, a 407% increase over the $4.3 million generated in 2025. The company achieved a positive adjusted gross profit, yet it continues to manage net losses as it expands its domestic critical minerals infrastructure.

"Fiscal 2026 was a defining year for American Battery Technology Company as we delivered the strongest financial results in our company's history while continuing to expand America's domestic critical minerals infrastructure," stated Ryan Melsert, American Battery Technology Company CEO.

Financial Performance and Operational Metrics

The company's shift toward positive adjusted gross profit marks a change from the previous fiscal year. According to the company's 10-K filing, ABAT recorded an adjusted gross profit of $1.7 million for 2026, compared to an adjusted gross loss of $6.2 million in 2025.

Despite this improvement in gross margins, the company's bottom line remains under pressure. Net losses widened to $73.4 million for the 2026 fiscal year, up from a $46.8 million loss in the prior period. These losses reflect the capital expenditure requirements inherent in scaling battery material production and extraction facilities.

Balance Sheet and Market Position

As of June 30, 2026, American Battery Technology reported a cash balance of $49.5 million. The company maintains a debt-free balance sheet, which provides a buffer as it continues its capital-intensive infrastructure development.

In the public markets, ABAT stock was trading at $2.20 as of September 16, 2026.

What Is at Stake

The company’s ability to bridge the gap between revenue growth and sustained profitability is central to its viability. As ABAT scales its operations, it faces the challenge of managing high operating expenses, which contributed to the $73.4 million net loss, while maintaining the liquidity necessary to complete its ongoing infrastructure projects. The transition to positive adjusted gross profit suggests an improvement in operational efficiency, but the company must balance these gains against the costs of building out its domestic supply chain for critical battery minerals.