American Bitcoin Corp. income statement
In fiscal 2025, American Bitcoin Corp. reported revenue of $185m, up 158.8% on the year before, operating income of −$228m (a -123.1% margin) and net income of −$153m, or −$0.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Jun 2018 | 2019Jun 2019 | 2020Jun 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 11 | 13 | 18 | 10 | 65 | 72 | 185 | 272 |
| Cost of revenue | 4 | 5 | 6 | 7 | 5 | 44 | 40 | 92 | 129 |
| Gross profit | 6 | 6 | 6 | 10 | 6 | 3 | 32 | 93 | 143 |
| Research and development | 3 | 6 | 3 | 6 | 4 | 2 | — | — | — |
| Selling, general and administrative | 6 | 13 | — | — | — | — | — | — | — |
| Selling and marketing | — | — | 8 | 8 | 6 | 2 | — | — | — |
| General and administrative | — | — | 11 | 10 | 8 | 34 | 34 | 33 | 30 |
| Operating income | −2 | −13 | −17 | −33 | −43 | 6 | 484 | −228 | −290 |
| Interest expense | −0 | −0 | 0 | — | — | 9 | 3 | — | — |
| Net interest income | — | 0 | 0 | — | — | — | — | — | — |
| Income before tax | — | −12 | −14 | −33 | −47 | 21 | 493 | −171 | −198 |
| Income tax | — | — | 0 | −2 | −1 | −19 | 60 | −18 | −3 |
| Net income | −2 | −14 | −14 | −31 | −79 | 40 | 429 | −153 | −195 |
| Diluted EPS | −$0.00 | −$0.01 | −$0.01 | −$0.01 | −$4.82 | $0.04 | $0.49 | −$0.17 | — |
| Diluted shares (average) | 1,106m | 1,372m | 1,346m | 2,910m | 17m | 892m | 892m | 905m | — |
| EBITDA | — | — | −16 | −27 | −35 | 7 | 507 | −170 | −193 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 16 | 12 | 30 | 64 | 78 | 62 | 67 |
| Cost of revenue | 11 | −0 | 12 | 15 | 28 | 37 | 30 | 34 |
| Gross profit | 0 | 16 | 1 | 15 | 36 | 42 | 33 | 33 |
| General and administrative | 5 | 11 | 14 | 4 | 8 | 7 | 7 | 8 |
| Operating income | −10 | 308 | −135 | 4 | 7 | −105 | −118 | −74 |
| Interest expense | 0 | 3 | — | 0 | — | — | — | — |
| Income before tax | −1 | 295 | −114 | 4 | 5 | −67 | −81 | −56 |
| Income tax | −1 | 35 | −13 | 1 | 2 | −7 | 1 | 1 |
| Net income | −1 | 260 | −101 | 3 | 3 | −59 | −82 | −57 |
| Diluted EPS | −$2.25 | $0.30 | −$1.65 | $0.06 | $22.95 | −$0.07 | −$1.20 | −$0.80 |
| EBITDA | −6 | 321 | −129 | 14 | 22 | −78 | −92 | −46 |
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