ABATProfit? In this economy?
American Battery Technology Company says its fourth quarter of fiscal 2026 was its strongest yet on the gross-profit front. Revenue hit a record $8.2 million, and gross profit climbed 86% quarter over quarter to $1.3 million as the company kept scaling its Nevada critical-mineral recycling facility and trimming costs like it was trying to make the spreadsheet sweat.
The DOE plot twist
The bigger investor-eye candy may be the grant news. ABAT said its appeal to reinstate a $57 million U.S. Department of Energy grant was successful. That matters because this isn’t just a nice trophy for the wall — for a company building domestic battery-material supply chains, non-dilutive funding can be the difference between a promising slide deck and actual industrial progress.
Why you should care
For a pre-scale battery materials company, the market usually wants two things:
- proof the business can eventually make money without lighting cash on fire
- external funding that doesn’t force shareholders to keep footing the bill
This update checks both boxes a little better than before. The gross-profit improvement suggests the operation is getting more efficient, while the grant reinstatement could support future scaling efforts without as much balance-sheet pain.
Big picture: ABAT is still in build-out mode, but this quarter at least looks less like a science project and more like a company trying to become an actual machine.