# American Bitcoin Corp. (ABTC) · Edgar & Edgarette company card

> American Bitcoin (ABTC) grew revenue 159% in FY2025 to $185 million, operating margin -123% against a -6.4% median for finance services, equity 53.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1755953 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/ABTC) · [JSON](https://www.pops4.com/boards/company/ABTC.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $185M |
| Revenue growth, 1 year | 158.8% |
| Revenue growth per year | 80.0% |
| Operating margin | -123.1% (prior year 676.7%) |
| Net margin | -82.7% |
| Operating cash flow | −$80M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $4M |
| Long-term debt | — |
| Total assets | $1.2B |
| Total equity | $666M |
| Equity ÷ assets | 53.4% |
| Return on equity | -23.0% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -123.1% in FY2025; revenue is hard to predict: its 80% range is ±58%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $185.2M (FY2025). Experience: revenue up 158.8% on the year, up 80.0% a year over 4 years; operating margin -123.1%, down from 676.7%. Soundness: equity 53.4% of assets, return on equity -23.0%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $236.5M and $878.6M next year (method v4.1: its own 3-year record of growth weighed at 40% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $169.7M to $1.2B. A statistical range, not company guidance. Against peers (36 filers, $50M+ revenue, finance services): operating margin -123.1% against a -6.4% median; growth 158.8% against 16.8%.

Range logged 2026-10-30, receipt 6495ff152e0e9b0e, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-08-03 ([filing](https://www.sec.gov/Archives/edgar/data/1755953/000119312526329645/0001193125-26-329645-index.htm))

## Recent filings

- 8-K · filed 2026-08-03 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1755953/000119312526329645/0001193125-26-329645-index.htm)
- 8-K · filed 2026-08-03 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1755953/000119312526329509/0001193125-26-329509-index.htm)
- 10-Q · filed 2026-08-03 · [filing](https://www.sec.gov/Archives/edgar/data/1755953/000119312526329472/0001193125-26-329472-index.htm)
- 8-K · filed 2026-07-06 · 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1755953/000119312526296396/0001193125-26-296396-index.htm)
- 8-K · filed 2026-06-24 · 5.07 Submission of Matters to a Vote of Security Holders; 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1755953/000119312526281239/0001193125-26-281239-index.htm)
- 8-K · filed 2026-05-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1755953/000119312526209054/0001193125-26-209054-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001755953.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1755953

## Cite

POPS4, Edgar & Edgarette: American Bitcoin Corp. (ABTC) company card, from the company's own SEC filings, accessed 2026-11-03, https://www.pops4.com/boards/company/ABTC. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.