American Battery Technology
Recycles lithium-ion batteries while developing Nevada claystone into battery-grade lithium hydroxide.
Something off on this page? Send us feedback.
Profile
Generates revenue from Nevada lithium-ion battery recycling, producing black mass and metal byproducts. Development work adds extraction technology and the Tonopah Flats claystone project, making facility ramp-up, feedstock supply, offtake, grant milestones, and permitting central to the business.
Produces revenue today from lithium-ion battery recycling in Nevada, where operations process end-of-life batteries, manufacturing scrap, and related feedstock into black mass and metal byproducts.
Beyond recycling, develops extraction technology and primary-resource production around Tonopah Flats, a Nevada claystone lithium project aimed at battery-grade lithium hydroxide. The company reports one operating segment rather than separate recycling and mining segments.
Execution is concentrated in the United States, with headquarters in Reno, recycling in McCarran, and mineral exploration around Tonopah. The business depends on facility ramp-up, feedstock supply, product offtake, DOE grant milestones, and permitting for Tonopah Flats.
Company facts
Categories
Key statistics
Year to date −30.4% · Average volume (30d) 3.2M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 11, 2026Q3 FY26 | −$0.08 | −$0.26 | −225.0% | $3.7M | $7.8M | +111.1% | −2.11% |
| Feb 5, 2026Q2 FY26 | −$0.05 | −$0.07 | −40.0% | $2.0M | $4.8M | +138.0% | +18.13% |
| Nov 6, 2025Q1 FY26 | −$0.03 | −$0.09 | −200.0% | $2.0M | $937.6K | −53.4% | +20.05% |
| Sep 18, 2025Q4 FY25 | −$0.08 | −$0.10 | −25.0% | $1.2M | $2.8M | +123.1% | +10.00% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $332.4K | $980.0K | $2.8M | $937.6K | $4.8M | $7.8M | |
| Gross profit | −$3.0M | −$2.7M | −$2.6M | −$3.5M | −$1.6M | $737.7K | |
| Operating income | −$13.8M | −$10.6M | −$7.8M | −$10.1M | −$9.9M | −$34.4M | |
| Net income | −$13.4M | −$11.5M | −$10.2M | −$10.3M | −$9.3M | −$33.8M | |
| Diluted EPS | −$0.18 | −$0.14 | −$0.11 | −$0.09 | −$0.07 | −$0.26 | |
| Gross margin | -894.4% | -274.5% | -92.6% | -375.1% | -33.6% | 9.4% | |
| Operating margin | -4,151.4% | -1,086.3% | -280.1% | -1,080.8% | -207.5% | -440.5% |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $0 · FY24 $343.5K · FY25 $4.3M
Balance sheet, Mar 31, 2026Cash & short-term investments $37.7M · Total debt $220.6K · Total assets $119.4M · Shareholders' equity $112.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 136.41M · Float 131.23M · 96.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| State Street Corp | 10.59M | 7.76% | 13F | Aug 7, 2026 |
| BlackRock, Inc. | 10.55M | 7.74% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 5.76M | 4.23% | 13F | Aug 13, 2026 |
| Millennium Management LLC | 3.97M | 2.91% | 13F | Aug 14, 2026 |
| Geode Capital Management, LLC | 3.41M | 2.50% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Ryan Mitchell Melsert | director, officer: Chief Executive Officer | +631,375 | $0.9900 |
| Aug 25, 2026 | Steven Wu | officer: Chief Operating Officer | +291,540 | $1.07 |
| Jun 15, 2026 | Steven Wu | officer: Chief Operating Officer | −115,480 | $3.56 |
| Jun 5, 2026 | Steven Wu | officer: Chief Operating Officer | +1,093,275 | $1.07 |
| Jun 5, 2026 | Ryan Mitchell Melsert | director, officer: Chief Executive Officer | +2,367,656 | $0.9900 |
Peers
- Aqua Metals
Hydromet recycler targeting U.S. black mass and battery metals
- Albemarle
Global lithium chemicals supplier across carbonate and hydroxide
- Electra Battery Materials
Black-mass and cobalt refiner for North American battery supply
- Lithium Americas
Nevada lithium project developer at Thacker Pass
- ioneer (ADR)
Nevada lithium-boron developer with lithium chemicals plan
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Battery Technology | $2.60 | +0.95% | $350.6M | — | — | 21.5 | +697.1% |
| Aqua Metals | $2.73 | 0.00% | $9.7M | — | — | — | — |
| Albemarle | $137.96 | +0.45% | $16.20B | — | 13.9 | 2.7 | +31.1% |
| Electra Battery Materials | $0.6181 | +2.13% | $64.0M | — | — | — | — |
| Lithium Americas | $3.09 | +0.82% | $685.5M | — | — | — | — |
| ioneer (ADR) | $3.08 | −0.48% | $193.0M | — | — | — | — |
| Median | — | 13.9 | 2.7 | +31.1% |