American Battery Technology Co. (ABAT)
NASDAQ:ABAT
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American Battery Technology
(NASDAQ:ABAT)
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Rating:55Neutral
Price Target:
$3.00
▼(-18.03% Downside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak financial performance (large losses and sustained negative cash flow) despite improving revenue. Offsetting this, the earnings call indicated meaningful operational momentum toward cash breakeven and strong liquidity with zero debt. Technicals are moderately supportive near-term, while valuation remains pressured due to negative earnings and no dividend yield data.
Positive Factors
Revenue inflection / record quarter
The company has moved from minimal sales to a clear revenue inflection, with the recycling facility producing record quarterly product revenue. Sustained top-line growth from recycling demonstrates scalable commercial demand and supports continued margin improvement as throughput and efficiencies rise over months.
Negative Factors
Sustained operating losses and negative cash flow
Large cumulative losses and materially negative operating and free cash flow indicate the business is still consuming capital to operate. Continued cash burn erodes equity and forces reliance on external funding until recurring positive cash generation is sustained at scale, a multi-quarter structural requirement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue inflection / record quarter
The company has moved from minimal sales to a clear revenue inflection, with the recycling facility producing record quarterly product revenue. Sustained top-line growth from recycling demonstrates scalable commercial demand and supports continued margin improvement as throughput and efficiencies rise over months.
Read all positive factors
American Battery Technology (ABAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$488.36M
Dividend YieldN/A
Average Volume (3M)5.01M
Price to Earnings (P/E)―
Beta (1Y)1.70
Revenue Growth776.51%
EPS Growth38.07%
CountryUS
Employees96
SectorIndustrials
Sector Strength72
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.53
Shares Outstanding136,414,410
10 Day Avg. Volume5,804,853
30 Day Avg. Volume5,012,366
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.84
Price to Sales (P/S)30.33
P/FCF Ratio-4.13
Enterprise Value/Market Cap0.74
Enterprise Value/Revenue22.14
Enterprise Value/Gross Profit-51.88
Enterprise Value/Ebitda-5.78
Forecast
1Y Price Target
$6.00Price Target Upside63.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.38
Revenue Forecast (FY)$19.68M
American Battery Technology Business Overview & Revenue Model
Company Description
American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extract...
How the Company Makes Money
ABAT’s revenue model is centered on selling battery-grade critical materials and providing services tied to lithium-ion battery recycling. Key revenue streams include: (1) Recycling-related revenue: processing end-of-life lithium-ion batteries and...
American Battery Technology Earnings Call Summary
Earnings Call Date:Feb 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Sep 30, 2026
Earnings Call Sentiment Positive
The call communicated substantial operational momentum and several key achievements — record quarterly revenue for the recycling facility, approaching cash breakeven on a cash basis, a strong cash position and zero debt, regulatory certifications (CERCLA) and FAST-41 designation, and an attractive PFS for the Tonopah Flats project. Offsetting these positives are that the company remains modestly loss-making on an accounting basis after noncash items, large-scale projects remain pre-commercial and dependent on definitive feasibility, offtake agreements and financing, and some reliance on non-operating funding sources. On balance the positives (revenue inflection, cash strength, certifications, project progress) outweigh the outstanding development and financing risks.Positive Updates
Record Quarterly Revenue and Interest Income
Generated approximately $4.8M in product sales plus $0.3M in interest income for total revenue and interest of ~$5.1M for the quarter (quarter ending December), the highest revenue level for the company's recycling facility and greater than revenue from the previous four quarters combined.
Negative Updates
Operating Loss Including Noncash Items
When including noncash expenses (depreciation and stock-based compensation), total costs were about $6.4M versus $5.1M in revenue and interest, implying an approximate net operating deficit of ~$1.3M for the quarter despite approaching cash breakeven.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Revenue and Interest Income
Generated approximately $4.8M in product sales plus $0.3M in interest income for total revenue and interest of ~$5.1M for the quarter (quarter ending December), the highest revenue level for the company's recycling facility and greater than revenue from the previous four quarters combined.
Read all positive updates
Company Guidance
The call guided investors toward continued scaling and margin improvement at the company’s two business lines: recycling and claystone-to-lithium hydroxide, noting record quarterly product revenue of about $4.8M plus ~$0.3M interest (total ~$5.1M) for the quarter ended December — versus cash operating expenses of about $4.9M (and including noncash charges of ~$6.4M) — and that this quarter’s revenue exceeded the prior four quarters combined; management said the first recycling plant is approaching breakeven with further operational efficiencies and additional feed (including material from the Moss Landing EPA cleanup) expected to expand margins. They reported a cash balance of roughly $48M (cited ~ $48.7M / ~$47.9M) and zero debt after paying off convertible notes, and plan to use cash to scale the Reno plant, add value‑add processes, build a second Southeast recycling facility, and advance the Tonopah Flats project: a PFS-modeled 30,000 tpa facility with a 45‑year life of mine, an after‑tax NPV of ~8%, production cost just over $4,300/ton, and ~21.3 million tonnes of lithium‑hydroxide resource/reserve; the company is working toward a Definitive Feasibility Study and cited FAST‑41 priority status and CERCLA certification to accelerate permitting and feed.American Battery Technology Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.28M | 4.29M | 343.50K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -6.95M | -10.57M | -2.96M | 0.00 | 0.00 | 0.00 |
| EBITDA | -62.40M | -41.58M | -50.56M | -21.86M | -33.43M | -37.67M |
| Net Income | -63.59M | -46.76M | -52.50M | -22.19M | -33.54M | -41.76M |
Balance Sheet | ||||||
| Total Assets | 119.43M | 84.46M | 77.68M | 74.66M | 52.86M | 21.26M |
| Cash, Cash Equivalents and Short-Term Investments | 37.69M | 7.47M | 7.00M | 2.32M | 29.01M | 12.84M |
| Total Debt | 93.27K | 8.04M | 6.50M | 6.18M | 275.56K | 0.00 |
| Total Liabilities | 6.67M | 13.86M | 16.21M | 13.79M | 3.23M | 1.82M |
| Stockholders Equity | 112.75M | 70.60M | 61.47M | 60.87M | 49.63M | 19.44M |
Cash Flow | ||||||
| Free Cash Flow | -36.22M | -31.47M | -29.43M | -28.20M | -25.26M | -14.84M |
| Operating Cash Flow | -25.84M | -28.92M | -16.74M | -13.37M | -10.18M | -7.76M |
| Investing Cash Flow | -10.38M | -2.55M | -12.97M | -36.72M | -15.08M | -7.08M |
| Financing Cash Flow | 67.60M | 36.94M | 34.39M | 23.42M | 41.41M | 26.85M |
American Battery Technology Technical Analysis
Positive
3.66
Price Trends
3.12
Positive
3.59
Positive
3.82
Negative
Market Momentum
0.08
Negative
62.87
Neutral
84.87
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ABAT, the sentiment is Positive. The current price of 3.66 is above the 20-day moving average (MA) of 3.28, above the 50-day MA of 3.12, and below the 200-day MA of 3.82, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 62.87 is Neutral, neither overbought nor oversold. The STOCH value of 84.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ABAT.
American Battery Technology Risk Analysis
American Battery Technology disclosed 40 risk factors in its most recent earnings report. American Battery Technology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
American Battery Technology Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | $488.36M | -7.86 | -63.85% | ― | 776.51% | 38.07% | |
55 Neutral | $458.51M | -32.58 | -16.32% | ― | ― | ― | |
46 Neutral | $297.24M | -54.99 | -1.80% | ― | ― | 6.49% | |
45 Neutral | $70.73M | -2.39 | -18.53% | ― | ― | -50.96% |
* Industrials Sector Average
ABAT
American Battery Technology
3.79
2.48
189.31%
WWR
Westwater Resources
0.57
0.10
21.19%
LZM
Lifezone Metals
5.30
1.31
32.83%
CRML
Critical Metals Corp
11.61
10.23
741.30%
IONR
ioneer Limited Sponsored ADR
3.88
0.48
14.12%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.