American Bitcoin (ABTC) Cost of Revenue (2018 - 2026)

American Bitcoin (ABTC) recorded quarterly Cost of Revenue of $29.6 million in Q1 2026, down 88.87% quarter-over-quarter from $265.9 million in Q4 2025, and down 78.18% on a YoY basis from $135.6 million in Q1 2025.

American Bitcoin (ABTC) Cost of Revenue (2018 - 2026) Analysis & Trends

American Bitcoin's Cost of Revenue history runs 9 years deep, the most recent figure standing at $29.6 million for Q1 2026.

  • In Q1 2026, Cost of Revenue fell 78.18% year-over-year to $29.6 million; the TTM figure through Mar 2026 stood at $325.4 million (up 116.19% YoY), while the FY2025 annual figure was $321.2 million, up 712.86% from the prior year.
  • Cost of Revenue was $29.6 million for Q1 2026 at American Bitcoin, down from $265.9 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $265.9 million in Q4 2025 to a low of -$64000.0 in Q4 2024.
  • Historically, Cost of Revenue has averaged $29.4 million across 5 years, with a median of $3.8 million in 2024.
  • The sharpest annual moves came in 2024 and 2025: Cost of Revenue tumbled 101.14% in 2024, then jumped 415543.75% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $587738.0 in 2022, then surged by 851.61% to $5.6 million in 2023, then sank by 101.14% to -$64000.0 in 2024, then surged by 415543.75% to $265.9 million in 2025, then tumbled by 88.87% to $29.6 million in 2026.
  • The last three Cost of Revenue figures came in at $29.6 million (Q1 2026), $265.9 million (Q4 2025), and $28.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - -
3 Goldman Sachs 333.85 Bn -603.70 Bn - -
4 Schwab Charles 160.31 Bn 115.33 Bn - -
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 107.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - -
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - -
8 Tradeweb Markets 21.20 Bn 19.96 Bn - -
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 39,000.00
10 American Bitcoin 865.15 Mn 855.10 Mn 32.52 Mn 29.60 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 29.60 Mn
Mar 31, 2026 29.60 Mn
Dec 31, 2025 265.88 Mn
Dec 31, 2025 265.88 Mn
Sep 30, 2025 28.28 Mn
Sep 30, 2025 28.28 Mn
Jun 30, 2025 1.61 Mn
Jun 30, 2025 1.61 Mn
Mar 31, 2025 135.64 Mn
Mar 31, 2025 135.64 Mn
Dec 31, 2024 -64,000.00
Dec 31, 2024 -64,000.00
Sep 30, 2024 11.13 Mn
Sep 30, 2024 11.13 Mn
Jun 30, 2024 3.80 Mn
Jun 30, 2024 3.80 Mn
Mar 31, 2024 4.84 Mn
Mar 31, 2024 4.84 Mn
Dec 31, 2023 5.59 Mn
Dec 31, 2023 5.59 Mn