American Bitcoin (ABTC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

American Bitcoin

NasdaqCM•Financial Services•Capital Markets

$10.10+1.27(0.14%)Market closed

Market Cap

$721.97M

P/S

2.3x

P/B

1.1x

American Bitcoin Corp., a Bitcoin accumulation platform company, focuses on building a Bitcoin infrastructure platform. The company is engaged in the operation of application-specific integrated circuit miners for the purpose of mining Bitcoin and the strategic accumulation of a Bitcoin reserve. The company is based in Miami, Florida. American Bitcoin Corp. operates as a subsidiary of Hut 8 Corp.

How this company scores

WeakMetricSide Score: 39/100

Strongest: Growth (19/25); weakest: Cash & Earnings Quality (2/25).

Profitability3/25

Growth19/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality2/25

Strengths

Growing revenueInterest easily coveredConsistent growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 2.3x5y range 2.3x – 16621.7x

Currently below its 17-quarter median.

P/B · 1.1x5y range 1.1x – 32230.1x

Currently below its 6-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $721.97M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $311.36M
Q. Revenue: $67.02M
TTM EBITDA: $-299.47M
TTM Op. Income: $-412.57M
Q. Op. Income: $-74.08M
TTM Net Income: $-280.58M
Q. Net Income: $-57.15M
EPS: $-0.8
Shares Out.: $71.48M

$311.36M in TTM revenue grew 2874.1% YoY, reaching $67.02M last quarter. TTM EBITDA of $-299.47M and TTM operating income of $-412.57M show growth is flowing through to the bottom line. However, net income is negative at $280.58M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 49.3%
EBITDA Margin: -68.4%
Op. Margin: -110.5%
Net Margin: -85.3%

Op. margin of -110.5% is up 51.5% YoY — cost efficiency is improving. Net margin at -85.3% and gross margin of 49.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.3x
P/B Ratio: 1.1x

P/S of 2.3x and P/B of 1.1x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.31B
Cash: N/A
Long-Term Debt: N/A
Book Value: $672.07M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-21.29M
TTM Free Cash Flow: $-139.31M
FCF Margin: -44.7%
FCF / Net Income: 0.5

TTM FCF of $-139.31M on $-21.29M in operating cash flow. The FCF / Net Income ratio of 0.5x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.