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
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