Growth Metrics

American Bitcoin (ABTC) Operating Expenses (2018 - 2026)

American Bitcoin's quarterly Operating Expenses came in at $33.5 million in Q1 2026, up 1116833.33% year-on-year from N/an in Q1 2025, and down 1.25% quarter-over-quarter from $33.9 million in Q4 2025.

American Bitcoin has reported Operating Expenses for 9 years, with the latest figure at $33.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 1116833.33% year-over-year to $33.5 million; the trailing twelve-month figure through Mar 2026 stood at $94.3 million (up 1259.63% YoY), and the FY2025 full-year result was $91.6 million, up 9910.27% from the prior year.
  • Operating Expenses for Q1 2026 stood at $33.5 million, down from $33.9 million in the prior quarter.
  • The five-year high for Operating Expenses was $33.9 million in Q4 2025, with the low at -$28.6 million in Q4 2024.
  • Average Operating Expenses over 5 years is $8.0 million, with a median of $8.0 million recorded in 2023.
  • Year-over-year, Operating Expenses sank 1525.83% in 2023 and surged 1116833.33% in 2026.
  • Tracing ABTC's Operating Expenses over 5 years: stood at -$1.8 million in 2022, then slumped by 1525.83% to -$28.5 million in 2023, then dropped by 0.5% to -$28.6 million in 2024, then surged by 218.44% to $33.9 million in 2025, then dropped by 1.25% to $33.5 million in 2026.
  • The last three Operating Expenses figures came in at $33.5 million (Q1 2026), $33.9 million (Q4 2025), and $23.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 13.47 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 10.43 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 3.29 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 656.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 381.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 242.35 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 4.45 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 81.75 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 330.51 Mn
10 American Bitcoin 1.11 Bn 1.10 Bn 32.52 Mn 33.51 Mn

Historic Data

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DateValue
Mar 31, 2026 33.51 Mn
Dec 31, 2025 33.93 Mn
Sep 30, 2025 23.25 Mn
Jun 30, 2025 3.61 Mn
Mar 31, 2025 3,000.00
Dec 31, 2024 -28.65 Mn
Sep 30, 2024 9.13 Mn
Jun 30, 2024 11.38 Mn
Mar 31, 2024 330,000.00
Dec 31, 2023 -28.51 Mn
Sep 30, 2023 14.68 Mn
Jun 30, 2023 7.97 Mn
Mar 31, 2023 6.76 Mn
Dec 31, 2022 -1.75 Mn
Sep 30, 2022 5.30 Mn
Jun 30, 2022 22.47 Mn
Mar 31, 2022 22.62 Mn
Dec 31, 2021 21.31 Mn
Sep 30, 2021 6.88 Mn
Jun 30, 2021 9.04 Mn
Mar 31, 2021 6.07 Mn
Dec 31, 2020 20.42 Mn
Sep 30, 2020 7.50 Mn
Jun 30, 2020 7.37 Mn
Mar 31, 2020 6.55 Mn
Dec 31, 2019 6.06 Mn
Sep 30, 2019 4.21 Mn
Jun 30, 2019 8.38 Mn
Mar 31, 2019 3.66 Mn
Dec 31, 2018 3.70 Mn
Sep 30, 2018 2.95 Mn
Jun 30, 2018 1.80 Mn