Birchtech Corp. income statement
In fiscal 2025, Birchtech Corp. reported revenue of $17.6m, up 1.3% on the year before, operating income of −$3.0m (a -17.2% margin) and net income of −$3.0m, or −$0.16 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 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | 2 | 3 | 13 | 32 | 27 | 12 | 11 | 8 | 13 | 22 | 18 | 17 | 18 | 19 |
| Cost of revenue | — | — | — | — | — | — | — | 19 | 9 | 8 | 5 | 8 | 15 | 12 | 10 | 10 | 12 |
| Gross profit | — | — | — | — | — | — | — | 8 | 3 | 3 | 3 | 5 | 7 | 5 | 7 | 7 | 8 |
| Research and development | 0 | 1 | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 2 | 2 |
| Selling, general and administrative | 0 | 4 | 2 | 2 | 6 | 4 | 7 | 8 | 6 | 6 | 6 | 6 | 6 | 14 | 14 | 9 | 9 |
| Operating income | −0 | −9 | −4 | −4 | −6 | −4 | 2 | 0 | 3 | — | — | — | 1 | −9 | −7 | −3 | −3 |
| Interest expense | — | — | 0 | 0 | 0 | — | — | 2 | 2 | 0 | 0 | 3 | 2 | 1 | 0 | 0 | 0 |
| Net interest income | — | −0 | −0 | −1 | −3 | −6 | −5 | −2 | — | — | — | — | — | — | — | — | — |
| Income before tax | — | — | — | — | — | — | — | — | −5 | −6 | −6 | −4 | −2 | 6 | −11 | −3 | −4 |
| Income tax | — | — | — | — | — | 0 | −0 | 1 | −0 | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Net income | −0 | −9 | −4 | −5 | −5 | −14 | −16 | −3 | −5 | −6 | −6 | −4 | −2 | 6 | −11 | −3 | −4 |
| Diluted EPS | — | −$1.60 | −$0.12 | −$0.14 | −$0.13 | −$0.32 | −$1.70 | −$0.03 | −$0.06 | −$0.08 | −$0.35 | — | −$0.10 | $0.30 | −$0.57 | −$0.16 | — |
| Diluted shares (average) | — | 6m | 7m | 7m | 8m | 9m | 10m | 15m | 15m | 15m | 16m | — | 18m | 19m | 19m | 19m | — |
| EBITDA | −0 | −9 | −4 | −4 | −6 | −4 | 3 | 1 | 3 | — | — | — | 1 | −9 | −7 | −3 | −3 |
| 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 | 5,237 | 5,566 | 3,221 | 3,254 | 7,362 | 3,790 | 4,240 | 3,791 |
| Cost of revenue | 3,642 | 2,249 | 1,987 | 2,286 | 3,330 | 2,623 | 2,857 | 2,758 |
| Gross profit | 1,595 | 3,317 | 1,234 | 968 | 4,032 | 1,167 | 1,383 | 1,033 |
| Research and development | 0 | 0 | 407 | 455 | 473 | 470 | 551 | 587 |
| Selling, general and administrative | 2,702 | 3,353 | 2,171 | 1,698 | 2,748 | 1,960 | 1,981 | 2,068 |
| Operating income | −1,107 | −79 | −1,343 | −1,185 | 811 | −1,313 | −1,149 | −1,623 |
| Interest expense | 7 | 8 | 0 | 0 | 0 | 14 | 0 | 0 |
| Income before tax | −752 | −1,338 | −1,665 | −1,542 | 789 | −538 | −1,345 | −3,014 |
| Income tax | −294 | 5 | 14 | 0 | 1 | 55 | 0 | 3 |
| Net income | −458 | −1,343 | −1,679 | −1,542 | 788 | −593 | −1,346 | −3,017 |
| Diluted EPS | $0.00 | −$0.47 | −$0.09 | −$0.08 | $0.05 | −$0.13 | −$0.06 | −$0.11 |
| EBITDA | −1,101 | −75 | −1,333 | −1,144 | 854 | −1,270 | −1,107 | −1,578 |
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