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Revenue at American Battery Technology Company (ABAT) rose more than 400% to $21.7 million in fiscal 2026, and the company recorded an adjusted gross profit of $1.7 million, its first ever, against a $6.2 million loss the prior year.
The case for an operational inflection is real.
Department of Commerce directive that effectively bans the export of black mass, a key recycling byproduct that ABAT is now storing on-site while an exception request awaits a formal response.
The operating inflection CEO and CTO Ryan Melsert pointed to higher throughput at the company's first battery recycling facility, designed to process about 20,000 tons per year, as the driver of the revenue surge.
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