Filing Flows › American Bitcoin (ABTC) › Q1 2025
American Bitcoin (ABTC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
American Bitcoin (ABTC) reported revenue of $1.6M for the first quarter 2025 (Q1 2025), -79% from a year earlier and -59% from the quarter before. Operating margin was -350.8%, net loss $6.3M (403.1% of revenue).
American Bitcoin, Q1 2025: revenue $1.6M (-79% year over year), operating margin -350.8%, net loss $6.3M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | -59% | -79% |
| Operating profit | −$5.5M | — | — |
| Net earnings | −$6.3M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $1.6M in Q1 2025, down 79% year over year and down 59% from the previous quarter.
Operating costs exceeded revenue by $5.5M, an operating margin of -350.8%. Total costs fell 22% while revenue fell 79%. The fastest-growing cost line was General & admin (+22%). The quarter ended with a net loss of $6.3M, after a profit of $401K the previous quarter. Net interest and other expense of $14.3M was the main reason.
Operating cash flow was −$3.2M. Non-cash charges added back $6.4M of depreciation and amortization and $772K of share-based compensation. Working capital and other items used $4.1M.
Questions
What was American Bitcoin's revenue in the first quarter 2025?
American Bitcoin (ABTC) reported revenue of $1.6M for the first quarter 2025 (Q1 2025), -79% from a year earlier and -59% from the quarter before.
Was American Bitcoin profitable in the first quarter 2025?
Operating loss was $5.5M (-350.8% of revenue) and net loss $6.3M.
Source: American Bitcoin 10-Q on SEC EDGAR.