Revenue Increased Year-Over-Year to $21.7 Million and Adjusted Gross Profit Turned Positive, Marking a Key Milestone in the Scale-Up of America’s Domestic Critical Mineral Manufacturing Industry
American Battery Technology Company (NASDAQ: ABAT), an integrated domestic critical mineral manufacturing company that is commercializing its internally-developed technologies for both primary critical mineral manufacturing and secondary critical mineral recycling, announced financial results for the fiscal year ended June 30, 2026.
Fiscal year 2026 marked a transformational milestone for American Battery Technology Company (ABTC) as it delivered record annual revenue, achieved positive adjusted gross margin, strengthened its balance sheet, and continued advancing its domestic critical mineral recycling and lithium manufacturing initiatives. As the strongest financial results in the company’s history, these achievements represent an important milestone in the continued expansion of America’s domestic critical mineral manufacturing industry and underscore the increasing role of critical mineral recycling in building a resilient U.S. battery supply chain.
“Fiscal 2026 was a defining year for American Battery Technology Company as we delivered the strongest financial results in our company’s history while continuing to expand America’s domestic critical minerals infrastructure,” stated Ryan Melsert, American Battery Technology Company CEO. “These achievements demonstrate our continued success in increasing production volumes, improving operating economics, and scaling a critical domestic source of battery materials. With our growing first recycling facility, development of our second commercial recycling facility, and continued advancement of our Tonopah Flats Lithium Project, we are executing a uniquely integrated strategy that combines battery recycling, domestic critical mineral resource development, and advanced critical mineral processing technologies.”
Fiscal Year 2026 Financial Highlights:
- Revenue increased 407% to $21.7 million, compared to $4.3 million in fiscal year 2025, driven by increased recycling facility throughput, increased production of byproducts, and improved product pricing
- While Revenue grew 407%, cost of goods sold increased by only 67% to $24.8 million, compared to $14.9 million in fiscal year 2025, reflecting the implementation of numerous facility-wide operational efficiencies
- Adjusted gross profit (non-GAAP), with the removal of non-cash expenses, improved to positive $1.7 million, compared to an adjusted gross loss of $6.2 million in fiscal year 2025, demonstrating substantially improved operating economics as production volumes increased and operational efficiencies were implemented
- Cash balance increased to $49.5 million as of June 30, 2026, compared to $7.5 million as of June 30, 2025
- Total assets increased to $132.8 million, compared to $84.5 million as of June 30, 2025
- The company ended fiscal year 2026 with no outstanding debt
A reconciliation of cost of goods sold to cash cost of goods sold and adjusted gross margin (both are non-GAAP measures) is as follows:
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