BCHT · AMEX · Industrial - Pollution & Treatment Controls

Birchtech (BCHT)

Supplies activated-carbon systems for utility mercury control and water treatment.

$1.71
vs last close−0.03 (−1.72%)
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Birchtech Corp.BCHT
Industrials

Supplies site-specific activated-carbon, oxidizer, testing, engineering, and support solutions for coal-plant mercury control and water treatment, earning primarily from treatment-media sales alongside patent licenses, equipment, demonstrations, and consulting. Its legacy air business remains tied to coal generation and mercury rules.

Supplies specialty activated-carbon technologies for air and water purification in the United States. Its mature Clean Air / ME2C platform combines SEA® oxidizers with formulated sorbents, plant audits, injection guidance, analysis, and operational support for coal-fired utilities seeking mercury control. Materials sales, patent licenses, demonstrations, consulting, and commissioned equipment form its revenue model.

Extends the same testing-led approach into municipal drinking water, process water, and industrial wastewater through Design Centers, treatment-system engineering, media supply, commissioning, and spent-carbon reactivation. The water platform includes testing across activated-carbon and ion-exchange options rather than a single proprietary medium. Air demand remains tied to coal-plant activity and mercury rules, while water-market timing depends on federal and state PFAS rules.

Company facts

CEORichard MacPherson
ListedFeb 26, 2026
ExchangeAMEX
HeadquartersCorsicana, TX
CountryUnited States
Employees20
CIK0000728385
ISINUS59833H2004

Market cap$45.8M
EPS (ttm)−$0.1621
P/E (ttm)−10.73
ROE-101.3%
P/B5.62
P/S2.39
Dividend yieldDiv yield
Beta1.31vs XLI −0.04

No analyst consensus on record.

Next report
Nov 12, 26
in 51 days
EPS estimate
−$0.04
Revenue estimate
$4.2M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.05−$0.10−$0.10$0.05−$0.03−$0.06−$0.11Pending
Estimate−$0.05−$0.05−$0.05−$0.06−$0.04−$0.07−$0.04
Surprise0.0%−100.0%+200.0%+50.0%−50.0%−57.1%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$5.3M$3.2M$3.3M$7.4M$3.8M$4.2M$3.8MPending
Estimate$4.4M$5.4M$5.4M$3.6M$3.8M$4.3M$4.2M
Surprise+18.8%−38.9%+37.0%+5.6%+10.5%−11.6%
Estimate−$0.04
ReportedDue Nov 12, 2026
Estimate$4.2M
ReportedDue Nov 12, 2026
View details

Debt to equity2.90%
Current ratio142.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$5.2M$5.3M$3.2M$3.3M$7.4M$3.8M$4.2M$3.8M
Net income−$457.5K−$1.6M−$1.7M−$1.5M$788.0K−$592.9K−$1.3M−$3.0M
Net margin0.0%0.0%0.0%0.0%10.7%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$1.1M−$350.8K−$1.3M−$1.2M$810.8K−$1.3M−$1.1M−$1.6M
YoY growthLoss narrowedLoss narrowedLoss narrowedTurned profitLoss widenedLoss narrowedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $11.8M · Total debt $239.0K · Total assets $19.4M · Shareholders' equity $8.2M

Revenue
$3.8M
Operating income
−$1.6M
Net income
−$3.0M
View details

No dividends on record.

Institutions17.30%4.55M shares
27 holders · as of Jun 30, 2026
Other82.70%21.75M shares
remainder

26.31M company shares as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Heartland Advisors IncInstitution
3.80%1.00Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
2.74%721,182as of Jun 30, 2026
Ancora Advisors, LLCInstitution
2.66%700,244as of Jun 30, 2026
Chapin Davis, Inc.Institution
2.61%686,693as of Jun 30, 2026
Aristides Capital LLCInstitution
1.62%425,000as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Arq

    Direct rival in coal-mercury sorbents and water-treatment carbon.

  • Ecolab

    Nalco Water overlaps in industrial and municipal treatment services.

  • Xylem

    Full-lifecycle PFAS systems overlap across testing, media, and service.

Compare

CompanyPriceChange
Birchtech$1.71−1.72%$45.8M2.4+15.2%
Arq$2.06+1.98%$86.7M30.00.7+4.5%
Ecolab$274.60+1.71%$75.98B36.231.84.5+9.7%
Xylem$107.22−0.02%$25.04B25.518.22.7+1.5%
Median30.930.02.7+4.5%