ABTC Nasdaq Earnings call
American Bitcoin Corp. (ABTC) · Q2 2026 results
Share price: $5.30 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 3 Aug 2026 and 1 Jun 2026
Net loss narrowed on the previous quarter. Management sounded restrained, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
Loss narrowed
Net income vs Q1 2026
Net income -57.2M vs -81.8M
Revenue +7.9%
2 · How management spoke
Restrained
Less upbeat than 75% of company calls
Answers to analysts: typical, in line with the script.
Similar to last call.
3 · What stood out Nothing unusual flagged this period.
Valuation
Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
Valuation unavailable: no OCF/capex (bank, utility, or SEC gap).
Current price
$5.30
close of 2026-11-11
Revenue growth, 3 years
+160.6% a year
compound annual rate (CAGR)
Read between the lines
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Figure
This quarter, through an extremely volatile market, a market where the price of Bitcoin is down almost 50% from all-time…
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Fading
ABTC is evaluating opportunities to accelerate Bitcoin accumulation beyond core mining and treasury programs while continuing to aggressively accumulate Bitcoin virtually every day.
Source quote
“Lastly, we continue to evaluate opportunities to accelerate our Bitcoin accumulation beyond our core mining and treasury programs, including strategic... And we have continued to aggressively accumulate virtually every day since. Simply put, the fundamentals of what we are building at ABTC have never been stronger.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Our conviction in Bitcoin's long-term adoption is unchanged, and we are continuing to evaluate opportunities in which we can improve our unit economics and grow our operating business.”
“This quarter, our shares outstanding grew by about 3%, whereas our Bitcoin holdings grew by about 14%.”
“In other words, revenue per Bitcoin held up better than the price move and with record quarterly production on top of it, total revenue still grew approximately 8%.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 67.0M | 62.1M | +7.9% | 30.3M | +121.3% |
| Gross profit | 33.0M | 32.5M | +1.5% | 14.9M | +120.8% |
| Operating income | -74.1M | -118.2M | Loss narrowed | 4.4M | Turned loss |
| Net income | -57.2M | -81.8M | Loss narrowed | 3.4M | Turned loss |
| P/E | 12-mo loss | 12-mo loss | — | 12-mo loss | — |
Topics
Most discussed now
- New Since the ChatGPT moment, American Bitcoin has seen a flurry of new developers coming in to source the same power.
- At its core, American Bitcoin is an operating business built on this conviction.
- This number makes it the 16th largest publicly traded Bitcoin company in the world.
- What American Bitcoin has seen is a stable or decreasing overall network hash rate environment.
- Once that hash rate comes offline, that rack space no longer is available even if American Bitcoin sees improved hash prices...
Faded since Q1 2026
- Fading Mining gross profit was approximately $32.5 million with a gross margin of approximately 52% compared to 53% in Q4.
- Fading Hash rate historically has been about 1/3 of the total network, and American Bitcoin is seeing hundreds of megawatts from the leading...
- Fading American Bitcoin is also really incredibly proud of the efficiency that it has built this company.
- Fading American Bitcoin's Q1 cost per Bitcoin was approximately $36,200, a 23% sequential improvement from approximately $46,900 in Q4, driven by…
Latest announcements
Official filings, newest first.
- Director or officer change · SEC 8-K
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- Change to shareholder rights; Articles or bylaws amended; Other events · SEC 8-K
- Shareholder vote results; Other events · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Other events · SEC 8-K