American Battery Technology Company (ABAT) Q2 2026 earnings summary

Executive summary

• Achieved record-breaking quarterly revenue and interest income totaling $5.1 million, up over 1,300% year-over-year, surpassing the previous four quarters combined as manufacturing and recycling operations ramped up.

• Cash balance reached $48.7 million, one of the highest in company history, with all debt paid off and significant warrant exercises increasing reserves.

• Operating costs increased at a much lower rate than revenue, with a 24% year-over-year decrease in total operating expenses and near break-even at the main recycling facility.

• Expanded material sourcing from automotive and stationary grid battery sectors, including a major EPA cleanup project and increased throughput at critical mineral facilities.

• Advanced lithium extraction and recycling projects, including construction of a second facility and commissioning of a lithium hydroxide pilot plant.

Financial highlights

• Quarterly product sales reached $4.8 million, with an additional $0.3 million in interest income, totaling $5.1 million for the quarter; six-month revenue was $5.7 million.

• Cash expenses for the quarter were $4.9 million; total expenses including non-cash items were $6.4 million.

• Net loss for the quarter was $9.3 million, improved from $13.4 million year-over-year; net loss per share was $0.07.

• Cash and cash equivalents at quarter-end were $48.7 million, up from $7.5 million at June 30, 2025.

• Operating expenses for the quarter were $8.3 million, down 24% year-over-year.

Outlook and guidance

• Accelerating commercialization and construction of a second battery recycling facility in the Southeast US, expected to have five times the capacity of the first.

• Advancing the Tonopah Flats Lithium Project toward full-scale commercial production, with a Definitive Feasibility Study underway and all baseline studies for NEPA review completed.

• Management anticipates operating losses will lessen in the near term due to revenue growth and ongoing cost efficiencies.