American Bitcoin vs Alti Global
Alti Global is the larger business, with $255m of revenue in fiscal 2025 against $185m for American Bitcoin (1.4 times as much). American Bitcoin grew faster (158.8% against 28.5%). Alti Global kept more of each dollar of sales as profit: a net margin of -46.9% against -82.7%.
| Latest fiscal year | American BitcoinABTC, 2025 | Alti GlobalALTI, 2025 |
|---|---|---|
| Revenue | $185m | $255m |
| Revenue growth | 158.8% | 28.5% |
| Net income | −$153m | −$120m |
| Operating margin | — | -29.0% |
| Net margin | -82.7% | -46.9% |
| Return on equity | -18.2% | -19.0% |
| Free cash flow | −$79.6m | −$52.2m |
| Cash | $3.8m | $41.2m |
| Total debt | $5.5m | $883,000 |
| Debt to equity | — | 0.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $0 |
| Employees | — | — |
| Market value | $473m | $274m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 9 buys, 0 sales | 3 buys, 0 sales |