American Battery Technology Co. $(ABTC)$ reported record revenue for the second quarter (Q2) of fiscal year 2026, with revenue reaching USD 4.8 million, an increase of over 13 times year-on-year. The company reported a cash cost of goods sold (cash-COGS, non-GAAP) of USD 4.9 million for the period, with a total cost of goods sold (COGS, GAAP) of USD 6.4 million, including USD 1.1 million in depreciation expense and USD 0.4 million in stock-based compensation. Adjusted gross margin for Q2 was negative USD 0.1 million. ABTC ended the quarter with a cash balance of USD 48.7 million, comprising USD 47.9 million in unrestricted cash and USD 0.8 million in restricted cash. The company reported no debt as of the end of the quarter. During the quarter, ABTC’s battery recycling operations achieved significant revenue growth, driven by increased processing volumes from high-value feed materials including batteries from battery energy storage systems $(BESS)$, end-of-life electric vehicles, and consumer electronics. Operational efficiencies contributed to improvements in gross margin and cash flow. The company’s Nevada lithium-ion battery recycling facility, permitted by the EPA under CERCLA in the spring of 2025, has become a key contributor to revenue growth by recycling high-value critical minerals and materials, including BESS end-of-life and damaged batteries. ABTC also reported significant exercises of warrants by existing investors during the quarter, contributing to its high cash balance to support further facility expansion and new project development.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Battery Technology Co. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9650442-en) on February 06, 2026, and is solely responsible for the information contained therein.