ABTC Reports 1,300% Revenue Increase in Q2 2026

By Chris Stiles • Tuesday, February 10 03:09 • Permanent Link

American Battery Technology Company (ABTC) has reported record-breaking revenue in its second quarter fiscal 2026 financial results, with a quarterly revenue increase of over 1,300% year over year (YoY). The company's combined revenue and interest income for the quarter totaled $5.1 million, with $4.8 million coming from operations and $0.3 million from interest. This marked a significant achievement as their revenue from operations and interest income exceeded the cash cost of goods sold for the first time.

ABTC's total operating expenses decreased by 24% YoY, and the company reported a cash balance of $48.7 million at the end of the quarter, with no outstanding debt. The significant exercises of warrants by existing investors during the quarter contributed to the company's increased cash balance.

In terms of manufacturing, the company's facilities expanded significantly, and it generated more revenue in the second quarter than in the previous four quarters combined. ABTC also highlighted its achievement as one of the few recyclers in the western U.S. capable of handling cercla-classified waste, driving revenue growth from battery recycling operations.

The company's Tonopah Flats Lithium Project (TFLP) continues to secure its position as a cornerstone of the domestic lithium supply chain, with a pre-feasibility study projecting production of 30,000 tonnes per year of lithium hydroxide monohydrate. The study supports the project's robust economic potential, with a projected after-tax net present value (NPV) at 8% of $2.57 billion and an internal rate of return (IRR) of 21.8%.

ABTC has also accelerated the design and commercialization of its second battery recycling facility and is progressing several new supply chain agreements with strategic original equipment manufacturer (OEM) partners to facilitate the supply and offtake of material for this facility.

The company's achievements underscore its commitment to pioneering first-of-its-kind technologies for domestically manufactured and recycled battery metals to meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries.

Today the company's shares have moved -0.72% to a price of $4.83. For more information, read the company's full 8-K submission here.

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