American Bitcoin Corp. (ABTC) financial statements: income statement, balance sheet and cash flow

American Bitcoin Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), American Bitcoin Corp. reported revenue of $185.2M (+801.5% year on year).

Income statement

American Bitcoin Corp. income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenue	$185.2M	$20.5M	$6.8M	$13.6M
Cost of revenue (exclusive of depreciation and amortization shown below)	$92.0M	$15.8M	$3.4M	$5.4M
Depreciation and amortization	$58.2M	$11.2M	$27.2K	$5.6M
General and administrative expenses	$33.4M	$11.3M	$5.7M	$8.3M
Loss on sale of property and equipment	$2.5M	—	—	—
Loss (gain) on digital assets	$227.1M	—	—	—
Total operating expenses (income)	$321.2M	—	—	—
Operating (loss) income	($228.0M)	($17.7M)	($6.9M)	($55.4M)
Gain on derivatives	$56.3M	—	—	—
Gain on warrant liability	$384.0K	—	—	—
Other income	$56.7M	($3.6M)	($1.7M)	($3.9M)
(Loss) income from continuing operations before taxes	($171.3M)	($21.3M)	($8.6M)	—
Income tax benefit (provision)	$18.1M	—	—	—
Net (loss) income from continuing operations	($153.2M)	—	—	—
Net (loss) income	($153.2M)	($21.3M)	($11.6M)	—
Foreign currency translation adjustments	$4.5M	—	—	—
Total comprehensive (loss) income	($148.7M)	—	—	—
Basic from continuing operations	-$0.17	-$0.51	-$31.21	-$27.33
Diluted from continuing operations	-$0.17	-$0.51	—	—
Basic	905.0M	41.9M	371.0K	2.9M
Diluted	905.1M	41.9M	—	—

American Bitcoin Corp. income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenue	$67.0M	$62.1M	$64.2M	$1.4M
Cost of revenue (exclusive of depreciation and amortization shown below)	$34.0M	$29.6M	$28.3M	$1.6M
Depreciation and amortization	$28.2M	$26.6M	$15.2M	$515.0K
General and administrative expenses	$7.7M	$6.9M	$8.1M	$1.6M
Loss on sale of property and equipment	$0	—	—	—
Loss (gain) on digital assets	$71.2M	$117.2M	$5.5M	—
Total operating expenses	$107.1M	$150.7M	$28.7M	$3.6M
Operating (loss) income	($74.1M)	($118.2M)	$7.2M	($2.2M)
Gain on derivatives	$18.3M	$37.3M	($2.0M)	—
Gain on warrant liability	$22.0K	$69.0K	$26.0K	—
Other income	$18.3M	$37.4M	($2.0M)	($3.0M)
(Loss) income before income taxes	($55.7M)	($80.8M)	$5.2M	($5.3M)
Income tax (provision) benefit	($1.4M)	($957.0K)	($1.8M)	—
Net (loss) income	($57.2M)	($81.8M)	$3.5M	($5.3M)
Foreign currency translation adjustments	$0	—	—	—
Total comprehensive (loss) income	($57.2M)	($81.8M)	$3.5M	—
Basic	-$0.80	-$0.08	—	-$0.07
Diluted	-$0.80	-$0.08	—	-$0.07
Basic	71.5M	1.0B	899.4M	76.0M
Diluted	71.5M	1.0B	899.5M	76.0M

Balance sheet

American Bitcoin Corp. balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash	$3.8M	—	$768.5K	$877.8K
Deposits and prepaid expenses	$2.2M	$409.0K	—	—
Accounts and other receivable	$2.1M	—	—	—
Digital assets receivable	$812.0K	—	—	—
Total current assets	$8.9M	$2.3M	$1.3M	$14.9M
Derivative asset	$101.2M	—	—	—
Digital assets	$472.6M	—	—	—
Property and equipment, net	$341.7M	$3.0M	$21.7K	$48.9K
Operating lease right-of-use-asset	$166.7M	—	—	—
Indefinite-lived intangible asset	$998.0K	—	—	—
Goodwill	$154.4M	—	—	$1.7M
Total non-current assets	$1.2B	—	—	—
Total assets	$1.2B	$7.6M	$1.4M	$19.5M
Accounts payable and accrued expenses	$5.8M	$9.0M	$4.8M	$4.4M
Due to Hut 8	$53.5M	—	—	—
Income tax payable	$701.0K	—	—	—
Operating lease liability, current portion	$51.6M	—	—	—
Total current liabilities	$111.6M	$9.3M	$10.4M	$22.7M
Miner purchase liability	$332.2M	—	—	—
Operating lease liability, less current portion	$136.8M	—	—	—
Warrant liability	$146.0K	—	—	—
Total non-current liabilities	$469.1M	—	—	—
Total liabilities	$580.7M	$14.6M	$10.4M	$24.3M
Common stock value	$97.0K	$5.0K	$52	$460
Additional paid-in capital	$718.3M	$60.0M	$164.6M	$160.2M
Retained earnings	($52.5M)	($67.7M)	($179.1M)	($167.6M)
Total stockholders' equity	$665.8M	($7.0M)	($9.0M)	($4.8M)
Total liabilities and stockholders' equity	$1.2B	$7.6M	$1.4M	$19.5M

American Bitcoin Corp. balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash	$18.4M	$10.1M	$8.0M	—
Deposits and prepaid expenses	$1.8M	$3.2M	$2.9M	$1.3M
Accounts and other receivables	$40.0K	$40.0K	—	—
Digital assets receivable	$581.0K	$646.0K	—	—
Derivative assets	$5.0M	—	—	—
Total current assets	$25.7M	$14.0M	$10.9M	$3.0M
Digital assets	$478.9M	$479.0M	$389.9M	$917.0K
Property and equipment, net	$313.1M	$323.9M	$370.8M	$2.0M
Operating lease right-of-use-asset	$161.3M	$170.0M	$174.6M	—
Derivative assets	$175.0M	$161.7M	$63.7M	—
Indefinite-lived intangible asset	$998.0K	$998.0K	—	—
Goodwill	$154.4M	$154.4M	$151.8M	—
Total non-current assets	$1.3B	$1.3B	$1.2B	—
Total assets	$1.3B	$1.3B	$1.2B	$6.2M
Accounts payable and accrued expenses	$15.1M	$8.7M	$106.5M	$11.7M
Due to Hut 8	$42.3M	$35.5M	—	—
Income taxes payable	$3.1M	$1.7M	$20.0K	—
Operating lease liability, current portion	$76.2M	$65.2M	$40.6M	—
Total current liabilities	$136.7M	$111.0M	$148.1M	$11.9M
Miner purchase liability	$371.7M	$360.9M	$286.2M	—
Operating lease liability, less current portion	$128.9M	$137.3M	$145.0M	—
Warrant liability	$55.0K	$77.0K	$571.0K	—
Total non-current liabilities	$500.7M	$498.2M	$439.2M	—
Total liabilities	$637.4M	$609.2M	$587.4M	$17.2M
Common stock value	$7.0K	$106.0K	$92.0K	$6.0K
Additional paid-in capital	$863.6M	$829.1M	$568.5M	$68.3M
Accumulated deficit	($191.5M)	($134.3M)	$6.9M	($79.3M)
Total stockholders' equity	$672.1M	$694.8M	$575.5M	($11.0M)
Total liabilities and stockholders' equity	$1.3B	$1.3B	$1.2B	$6.2M

Cash flow statement

American Bitcoin Corp. cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net Income	($153.2M)	($21.3M)	($11.6M)	—
Depreciation and amortization	$58.2M	—	$918.9K	$7.8M
Non-cash lease expense	$21.7M	—	—	—
Stock-based compensation	$2.1M	—	$403.5K	$873.9K
Bitcoin mining revenue	($185.2M)	—	—	—
Loss (gain) on digital assets	$227.1M	—	—	—
Deferred tax assets and liabilities	($25.2M)	—	—	—
Gain on derivatives	($56.3M)	—	—	—
Loss on sale of property and equipment	$2.5M	—	—	—
Gain on warrant liability	($384.0K)	—	—	—
Deposits and prepaid expenses	$193.0K	—	$602.2K	$257.6K
Accounts and other receivable	($2.2M)	—	—	—
Income taxes payable	($188.0K)	—	—	—
Accounts payable and accrued expenses	($22.2M)	$1.7M	$870.2K	($324.2K)
Due to Hut 8	$53.5M	—	—	—
Net cash used in operating activities	($79.6M)	($3.4M)	($5.9M)	($10.9M)
Proceeds from sale of digital assets	$3.4M	—	—	—
Purchases of digital assets	($405.1M)	—	—	—
Proceeds from sale of property and equipment	$2.6M	—	—	—
Cash assumed from the Mergers	$894.0K	—	—	$400.0K
Net cash (used) provided by investing activities	($398.3M)	($2.7M)	$1.2M	($4.0M)
Proceeds from the issuance of Class A common stock - private placement, net of issuance costs	$205.3M	—	$500.0K	—
Proceeds from the issuance of Class A common stock - at-the-market offering, net of issuance costs	$237.7M	—	—	—
Proceeds from the issuance of Class A common stock - warrant exercises	$6.0K	—	—	—
Net transfer from Hut 8 - non-cash	$38.7M	—	—	—
Net cash provided by (used in) financing activities	$481.7M	$6.0M	($2.8M)	$8.6M
Net increase in cash	$3.8M	—	—	—
Cash, end of period	$3.8M	$735.0K	—	—
Cash paid for income taxes	$6.0K	—	—	$15.7K
Digital assets received for the issuance of Class A common stock	$10.0M	—	—	—
Property and equipment acquired under miner purchase liability	$267.2M	—	—	—
Assets acquired, including goodwill, net of liabilities assumed in the Mergers, net of cash acquired	$134.9M	—	—	—
Warrants exercised	$67.0K	—	—	—
Right-of-use assets obtained in exchange for operating lease liabilities	$182.7M	—	—	—

American Bitcoin Corp. cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net loss	($138.9M)	($81.8M)	($93.7M)	($11.5M)
Depreciation and amortization	$54.9M	$26.6M	$31.6M	—
Non-cash lease expense	$22.1M	$10.7M	$851.0K	—
Stock-based compensation	$1.1M	$296.0K	$2.1M	$811.0K
Bitcoin mining revenue	($129.1M)	($62.1M)	($106.8M)	—
Loss on digital assets	$188.4M	$117.2M	$114.8M	—
Gain on derivatives	($55.6M)	($37.3M)	($18.9M)	—
Gain on warrant liability	($91.0K)	($69.0K)	($26.0K)	—
Loss on sale of property and equipment	$0	—	$2.5M	—
Deposits and prepaid expenses	$837.0K	($606.0K)	$83.0K	—
Accounts and other receivables	$2.1M	$2.1M	—	—
Income taxes payable	$2.4M	$956.0K	($869.0K)	—
Accounts payable and accrued expenses	($629.0K)	($486.0K)	$42.5M	$2.9M
Due to Hut 8	($11.1M)	($18.0M)	—	—
Net cash used in operating activities	($63.8M)	($42.5M)	($43.1M)	($4.1M)
Purchases of digital assets	($65.3M)	($61.3M)	($287.8M)	—
Deposit paid to purchase miners and mining equipment	($445.0K)	($445.0K)	—	—
Net cash (used in) provided by investing activities	($65.8M)	($61.8M)	($280.9M)	($1.8M)
Proceeds from the issuance of common stock - at-the-market offering, net of issuance costs	$144.1M	$110.5M	$88.0M	—
Net cash provided by financing activities	$144.1M	$110.5M	$331.9M	$5.9M
Net increase in cash	$14.5M	$6.2M	$8.0M	($57.0K)
Cash, beginning of period	$3.8M	$3.8M	—	$735.0K
Cash, end of period	$18.4M	$10.1M	—	$678.0K
Right-of-use assets obtained in exchange for operating lease liabilities	$11.4M	$11.4M	—	—
Property and equipment acquired under accounts payable and accrued expenses	$9.9M	$3.3M	—	—
Property and equipment acquired under miner purchase liability	$16.3M	$8.8M	—	—
Bitcoin redemption and put options acquired under miner purchase liability	$23.2M	$23.2M	—	—

American Bitcoin Corp. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.