American Bitcoin (ABTC) Cost of Revenue (2018 - 2026)
American Bitcoin (ABTC) posted quarterly Cost of Revenue of $29.6 million for Q1 2026, down 78.18% year-over-year from $135.6 million in Q1 2025, and down 88.87% on a QoQ basis from $265.9 million in Q4 2025.
American Bitcoin (ABTC) Cost of Revenue (2018 - 2026) Analysis & Trends
American Bitcoin (ABTC) has reported Cost of Revenue for 9 consecutive years, with $29.6 million the latest figure, recorded in 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 came in at $29.6 million for Q1 2026 at American Bitcoin, down from $265.9 million in the prior quarter.
- The five-year high for Cost of Revenue was $265.9 million in Q4 2025, with the low at -$64000.0 in Q4 2024.
- Average Cost of Revenue over 5 years is $29.4 million, with a median of $3.8 million recorded in 2024.
- Across the five-year window, Cost of Revenue plunged 101.14% in 2024 and jumped 415543.75% in 2025, its largest moves.
- Year by year, Cost of Revenue stood at $587738.0 in 2022, then surged by 851.61% to $5.6 million in 2023, then slumped by 101.14% to -$64000.0 in 2024, then surged by 415543.75% to $265.9 million in 2025, then plunged by 88.87% to $29.6 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $29.6 million, $265.9 million, and $28.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 65.09 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 107.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 6.62 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 39,000.00 |
| 10 | American Bitcoin | 631.05 Mn | 621.00 Mn | 32.52 Mn | 29.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |