American Bitcoin Corp (ABTC)
NASDAQ:ABTC
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Earnings Data
Report Date
May 18, 2026After Close (Not Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes strong operational execution: rapid BTC accumulation, meaningful sequential revenue growth (+22% Q/Q), improved per-share exposure (+49% Satoshis/share), low mining costs (~$46.9k/BTC), and disciplined SG&A (G&A reduced to ~9% of revenue). These positives are tempered by marked-to-market accounting effects from a ~23% Bitcoin price decline that produced large non-cash fair value losses ($112.2M in Q4), a Q4 net loss of $59.5M, and negative adjusted EBITDA. Management framed the negative accounting items as non-cash and reiterated a long-term, conservative capital allocation approach with strong infrastructure and custody controls. On balance, operational momentum and structural advantages appear to outweigh the temporary accounting headwinds.Company Guidance
Rapid Bitcoin Accumulation and Scale
Company disclosed over 6,000 BTC on the balance sheet (call remark) and held 5,401 BTC as of December 31, 2025; increased BTC holdings ~58% quarter-over-quarter (3Q to 4Q). American Bitcoin is the 17th largest public Bitcoin accumulator.
Satoshis Per Share Growth
Satoshis per share rose to 554 at the end of Q4 from 371 at the end of Q3, a 49% increase in a single quarter, enhancing per-share Bitcoin exposure.
Strong Sequential Revenue Growth
Q4 revenue was $78.3 million, up 22% sequentially from $64.2 million; full-year 2025 revenue totaled $185.2 million.
Operational Mining Efficiency and Production
Installed capacity ~25 exahash/s with fleet efficiency ~16.3 J/TH; mined 783 BTC in Q4 and ~1,654 BTC since launch, with roughly one-third of the reserve produced via mining.
Low Cost of Production
Cost of revenue per BTC mined decreased to ~$46.9k in Q4 from ~$50.2k in Q3 (approximately a 6.6% reduction), and management emphasized mining at a structural discount to spot (management cited mining at a 53% discount to spot this quarter).
Operating Leverage and SG&A Discipline
G&A fell to $7.3M in Q4 from $8.1M in Q3 (≈9.9% decline in dollars); G&A as a percentage of revenue declined to ~9% from 13% (a ~30.8% relative reduction), demonstrating operating leverage as revenue grew 22% while SG&A decreased as a share of sales.
Capital Markets Activity and Treasury Expansion
Raised approximately $240M in gross proceeds under the at-the-market program (management noted this is about 11% of capacity) and continue disciplined use of ATM and strategic transactions to expand the reserve.
Strong Infrastructure and Strategic Partnerships
Partnership with Hut 8 (Vega facility: 205 MW ERCOT + adjacent wind, direct-to-chip liquid cooling), relationships with manufacturers (e.g., Bitmain) and custody providers (Anchorage, Coinbase, BitGo) support U.S.-anchored scaling and conservative yield/custody strategies.
Attractive Energy and Cost Positioning
Reported average realized energy cost of $35.7/MWh (equivalently $0.0357/kWh), which underpins low cost-per-BTC mining economics.
ABTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ABTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $1.05 | $1.08 | +2.86% |
Nov 14, 2025 | $4.74 | $4.86 | +2.53% |
Aug 13, 2025 | $7.00 | $6.85 | -2.14% |
May 19, 2025 | $6.95 | $6.65 | -4.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does American Bitcoin Corp (ABTC) report earnings?
American Bitcoin Corp (ABTC) is schdueled to report earning on May 18, 2026, After Close (Not Confirmed).
What is American Bitcoin Corp (ABTC) earnings time?
American Bitcoin Corp (ABTC) earnings time is at May 18, 2026, After Close (Not Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ABTC EPS forecast?
Currently, no data Available