ABAT · NASDAQ · Waste Management

American Battery Technology (ABAT)

Recycles lithium-ion batteries while developing Nevada claystone into battery-grade lithium hydroxide.

$2.38
vs last close+0.04 (+1.93%)
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American Battery Technology Company Common StockABAT
Industrials

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

CEORyan Melsert
ListedSep 21, 2023
ExchangeNASDAQ
HeadquartersReno, NV
CountryUnited States
Employees163
CIK0001576873
ISINUS02451V3096

Market cap$317.8M
EPS (ttm)−$0.5736
P/E (ttm)−4.06
ROE-64.6%
P/B2.51
P/S14.62
Dividend yieldDiv yield
Beta3.77vs XLI 0.80

No analyst consensus on record.

Next report
Nov 6, 26
estimated · in 45 days
EPS estimate
−$0.06
Revenue estimate
$6.8M
Fiscal quarter
Q1 FY27

EPSReportedEstimate

Feb '25May '25Sep '25Nov '25Feb '26May '26Sep '26Nov '26
Reported−$0.18−$0.14−$0.09−$0.09−$0.07−$0.26−$0.15Pending
Estimate−$0.03$0.04−$0.08−$0.03−$0.05−$0.08−$0.05−$0.06
Surprise−500.0%−450.0%−12.5%−200.0%−40.0%−225.0%−200.0%

RevenueReportedEstimate

Feb '25May '25Sep '25Nov '25Feb '26May '26Sep '26Nov '26
Reported$332.4K$980.0K$2.8M$937.6K$4.8M$7.8M$8.2MPending
Estimate$20.0M$30.0M$1.2M$2.0M$2.0M$3.7M$8.2M$6.8M
Surprise−98.3%−96.7%+133.3%−53.4%+138.0%+111.1%+0.4%
Estimate−$0.06
ReportedDue Nov 6, 2026
Estimate$6.8M
ReportedDue Nov 6, 2026
View details

Debt to equity0.20%
Current ratio952.90%

ProfitabilityRevenueNet incomeNet margin

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue$202.0K$332.4K$980.0K$2.8M$937.6K$4.8M$7.8M$8.2M
Net income−$11.7M−$13.4M−$11.5M−$10.2M−$10.3M−$9.3M−$33.8M−$20.0M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Operating income−$9.8M−$13.8M−$10.6M−$7.8M−$10.1M−$9.9M−$34.4M−$20.3M
YoY growthLoss widenedLoss widenedLoss widenedLoss narrowedLoss widenedLoss narrowedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $49.5M · Total debt $190.2K · Total assets $132.8M · Shareholders' equity $126.4M

Revenue
$8.2M
Operating income
−$20.3M
Net income
−$20.0M
View details

No dividends on record.

Institutions≈ 36.44%51.96M shares
188 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders1.36%1.94M shares
8 holders · as of Sep 18, 2026
Other≈ 62.20%88.68M shares
remainder

142.58M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
State Street CorpInstitution
7.43%10.59Mas of Jun 30, 2026
BlackRock, Inc.Institution
7.40%10.55Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.04%5.76Mas of Jun 30, 2026
Millennium Management LLCInstitution
2.78%3.97Mas of Jun 30, 2026
Geode Capital Management, LLCInstitution
2.39%3.41Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 16, 2026Susan Y. Leedirector−21,360$2.16
Sep 16, 2026Elizabeth Ann Lowerydirector−19,375$2.18
Aug 25, 2026Ryan Mitchell Melsertdirector, officer: Chief Executive Officer+631,375$0.9900
Aug 25, 2026Steven Wuofficer: Chief Operating Officer+291,540$1.07
Jun 15, 2026Steven Wuofficer: Chief Operating Officer−115,480$3.56
View details

  • Aqua Metals

    Hydromet recycler targeting U.S. black mass and battery metals

  • Albemarle

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  • 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

Compare

CompanyPriceChange
American Battery Technology$2.38+1.93%$317.8M14.6+194.0%
Aqua Metals$2.53+1.61%$8.9M
Albemarle$116.13+2.84%$13.32B11.82.3+31.1%
Electra Battery Materials$0.5791+0.03%$61.0M
Lithium Americas$2.98+0.51%$660.9M
ioneer (ADR)$3.24−0.31%$203.6M
Median11.82.3+31.1%