American Bitcoin Corp.
ABTC Financial Capital Markets
American Bitcoin Corp.’s revenue for fiscal 2025 (year ended December 2025) was $185.2 million, up 158.8% from fiscal 2024. In the quarter to June 2026, revenue grew 121.3%, EPS fell 1,486.5% and free cash flow fell 3,990.0%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.
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American Bitcoin Corp. (ABTC) Piotroski F-score
American Bitcoin Corp.'s Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | 0.00 |
| FY2024 | 4 | 2.00 |
| FY2021 | 2 | 1.00 |
| FY2020 | 1 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (13.02%) | 76.24% | Fail | 0 |
| Positive operating cash flow | (79.61m) | (54.03m) | Fail | 0 |
| Rising return on assets | (13.02%) | 76.24% | Fail | 0 |
| Cash flow above net income | 73.56m | (482.97m) | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.01 | Pass | 1 |
| Rising current ratio | 0.08 | 3.04 | Fail | 0 |
| No new shares issued | 60,365,300 | 59,480,500 | Fail | 0 |
| Rising gross margin | 50.31% | 44.77% | Pass | 1 |
| Rising asset turnover | 0.16 | 0.13 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| TIGR UP Fintech Holding Limited compare | 7 |
| CD Chaince Digital Holdings Inc. compare | 6 |
| HIVE HIVE Digital Technologies Ltd. compare | 4 |
| ABTC American Bitcoin Corp. | 4 |
| BTBT Bit Digital, Inc. compare | 2 |
| GEMI Gemini Space Station, Inc. compare | — |
| BTGO BitGo Holdings, Inc. compare | — |
| CSHR CoinShares PLC compare | — |
| SVIA Silvia, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover