American Bitcoin (ABTC) Cost of Revenue (2018 - 2026)
American Bitcoin's quarterly Cost of Revenue came in at $29.6 million in Q1 2026, down 78.18% year-on-year from $135.6 million in Q1 2025, and down 88.87% quarter-over-quarter from $265.9 million in Q4 2025.
American Bitcoin has reported Cost of Revenue for 9 years, with the latest figure at $29.6 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 78.18% year-over-year to $29.6 million; the trailing twelve-month figure through Mar 2026 stood at $325.4 million (up 116.19% YoY), and the FY2025 full-year result was $321.2 million, up 712.86% from the prior year.
- Cost of Revenue for Q1 2026 stood at $29.6 million, 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.
- Year-over-year, Cost of Revenue tumbled 101.14% in 2024 and soared 415543.75% in 2025.
- Tracing ABTC's Cost of Revenue over 5 years: stood at $587738.0 in 2022, then soared by 851.61% to $5.6 million in 2023, then plunged by 101.14% to -$64000.0 in 2024, then soared by 415543.75% to $265.9 million in 2025, then slumped 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 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 107.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 6.62 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 39,000.00 |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | American Bitcoin | 1.11 Bn | 1.10 Bn | 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 |
| Sep 30, 2023 | 3.98 Mn |
| Sep 30, 2023 | 3.98 Mn |
| Jun 30, 2023 | 2.82 Mn |
| Jun 30, 2023 | 2.82 Mn |
| Mar 31, 2023 | 781,491.00 |
| Mar 31, 2023 | 781,491.00 |
| Dec 31, 2022 | 587,738.00 |
| Dec 31, 2022 | 587,738.00 |
| Sep 30, 2022 | 1.48 Mn |
| Sep 30, 2022 | 1.48 Mn |
| Jun 30, 2022 | 1.18 Mn |
| Jun 30, 2022 | 1.18 Mn |
| Mar 31, 2022 | 2.05 Mn |
| Mar 31, 2022 | 2.05 Mn |
| Dec 31, 2021 | 1.87 Mn |
| Dec 31, 2021 | 1.87 Mn |
| Sep 30, 2021 | 2.00 Mn |
| Sep 30, 2021 | 2.00 Mn |
| Jun 30, 2021 | 1.83 Mn |
| Jun 30, 2021 | 1.83 Mn |
| Mar 31, 2021 | 1.74 Mn |
| Mar 31, 2021 | 1.74 Mn |
| Dec 31, 2020 | 3.93 Mn |
| Dec 31, 2020 | 3.93 Mn |
| Sep 30, 2020 | 2.10 Mn |
| Sep 30, 2020 | 2.10 Mn |
| Jun 30, 2020 | 1.82 Mn |
| Jun 30, 2020 | 1.82 Mn |
| Mar 31, 2020 | 1.40 Mn |
| Mar 31, 2020 | 1.40 Mn |
| Dec 31, 2019 | 1.62 Mn |
| Dec 31, 2019 | 1.62 Mn |
| Sep 30, 2019 | 1.38 Mn |
| Sep 30, 2019 | 1.38 Mn |
| Mar 31, 2019 | 1.17 Mn |
| Mar 31, 2019 | 1.17 Mn |
| Dec 31, 2018 | 1.32 Mn |
| Dec 31, 2018 | 1.32 Mn |
| Sep 30, 2018 | 1.06 Mn |
| Sep 30, 2018 | 1.06 Mn |
| Jun 30, 2018 | 1.03 Mn |
| Jun 30, 2018 | 1.03 Mn |