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American Bitcoin (ABTC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · American Bitcoin (ABTC) Q3 2026 earnings results →
Q3 2026 Revenue down 1% year over year to $63.4M · 199¢ of every $1 of revenue kept as net profit · operating margin 302.8%
American Bitcoin made $63.4M in Q3 2026 (-1% Y/Y). Operating margin 302.8%, net earnings $126M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $63.4M in Q3 2026, down 1% year over year and down 5% from the previous quarter.
Operating profit was $191.8M, a 302.8% margin (up 291.6 points year over year). Net earnings were $126.0M, up 3526% year over year. The effective tax rate was 1.2%.
Operating cash flow was −$8.7M. Non-cash charges added back $28.6M of depreciation and $384K of share-based compensation. Working capital and other items used $163.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $63.4M | -1% | 302.8% | $126M | −$8.7M |
| Q2 2026 | 10-Q | Aug 3, 2026 | $67.0M | +121% | -110.5% | −$57.2M | −$21.3M |
| Q1 2026 | 10-Q | May 6, 2026 | $62.1M | +404% | -190.3% | −$81.8M | −$42.5M |
| Q4 2025 | 10-K | Mar 27, 2026 | $78.3M | +400% | -133.6% | −$59.5M | −$36.5M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $64.2M | +453% | 11.2% | $3.5M | −$39.0M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $1.4M | -75% | -162.1% | −$5.3M | −$879K |
| Q1 2025 | 10-Q | May 15, 2025 | $1.6M | -79% | -350.8% | −$6.3M | −$3.2M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
Buys from
About American Bitcoin
Traditionally, Gryphon’s revenue model was to mine and hold bitcoin, and then sell only the bitcoin necessary to pay its operating expenses and to reinvest in operational expansion. Since September 2024, Gryphon has vigorously pursued a new strategy of acquiring and developing energy assets for AI and high-performance computing (“HPC”) data center infrastructure. Gryphon’s strategy is to acquire power assets, and then add electrification, infrastructure and computing power to those assets. See “— Pending Acquisitions ” below. Founded in October 2020, Gryphon is based in Las Vegas, Nevada. Gryphon commenced its digital assets mining operations in September 2021.
In its own words, from its 10-K, filed Mar 31, 2025.
American Bitcoin against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -1% against the peers' median +17%. Operating margin: 302.8% against the peers' median 15.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ABTC American Bitcoin | Q3 2026 | $63.4M | -1% | 302.8% |
| AXP American Express | Q3 2026 | $20.1B | +9% | 22.6% |
| BTGO Bitgo Holdings | Q2 FY27 | $4.3B | +80% | -0.4% |
| General Motors Financial Company | Q3 2026 | $4.3B | -0.6% | 15.3% |
| SOFI SoFi Technologies | Q3 2026 | $1.4B | +44% | 22.9% |
| COIN Coinbase Global | Q3 2026 | $1.2B | -35% | 5.1% |
| CRCL Circle Internet Group | Q3 2026 | $865M | +17% | 24.1% |
| CHYM Chime Financial | Q3 2026 | $718M | +32% | 4.8% |
| GDOT Green DOT | Q2 2026 | $596M | +18% | -0.1% |
Source: American Bitcoin 10-Q on SEC EDGAR · CIK 1755953 · Finance Services
Guidance and outlook
13F: who owns ABTC and who is buying
More on ABTC
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results