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| 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 |