Filing Flows › American Bitcoin (ABTC) › Q4 2025
American Bitcoin (ABTC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 27, 2026
American Bitcoin (ABTC) reported revenue of $78.3M for the fourth quarter 2025 (Q4 2025), +400% from a year earlier and +22% from the quarter before. Operating margin was -133.6%, net loss $59.5M (75.9% of revenue).
American Bitcoin, Q4 2025: revenue $78.3M (+400% year over year), operating margin -133.6%, net loss $59.5M, operating cash flow −$36.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.3M | +22% | +400% |
| Operating profit | −$105M | -1553% | — |
| Net earnings | −$59.5M | -1811% | — |
| Operating cash flow | −$36.5M | — | — |
What changed
Revenue was $78.3M in Q4 2025, up 400% year over year and up 22% from the previous quarter.
Operating costs exceeded revenue by $104.6M, an operating margin of -133.6%. The quarter ended with a net loss of $59.5M, after a profit of $3.5M the previous quarter. Non-operating items added $37.8M, -57% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$36.5M. Non-cash charges added back $26.6M of depreciation and amortization. Working capital and other items used $3.7M.
Questions
What was American Bitcoin's revenue in the fourth quarter 2025?
American Bitcoin (ABTC) reported revenue of $78.3M for the fourth quarter 2025 (Q4 2025), +400% from a year earlier and +22% from the quarter before.
Was American Bitcoin profitable in the fourth quarter 2025?
Operating loss was $105M (-133.6% of revenue) and net loss $59.5M.
Source: American Bitcoin 10-K on SEC EDGAR.