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

American Bitcoin (ABTC) recorded quarterly Operating Expenses of $33.5 million in Q1 2026, down 1.25% quarter-over-quarter from $33.9 million in Q4 2025, and up 1116833.33% on a YoY basis from N/an in Q1 2025.

American Bitcoin (ABTC) Operating Expenses (2018 - 2026) Analysis & Trends

American Bitcoin's Operating Expenses history runs 9 years deep, the most recent figure standing at $33.5 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 1116833.33% year-over-year to $33.5 million; the TTM figure through Mar 2026 stood at $94.3 million (up 1259.63% YoY), while the FY2025 annual figure was $91.6 million, up 9910.27% from the prior year.
  • Operating Expenses was $33.5 million for Q1 2026 at American Bitcoin, down from $33.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $33.9 million in Q4 2025 to a low of -$28.6 million in Q4 2024.
  • Historically, Operating Expenses has averaged $8.0 million across 5 years, with a median of $8.0 million in 2023.
  • The sharpest annual moves came in 2023 and 2026: Operating Expenses sank 1525.83% in 2023, then soared 1116833.33% in 2026.
  • A 5-year view of Operating Expenses shows it stood at -$1.8 million in 2022, then tumbled by 1525.83% to -$28.5 million in 2023, then slipped by 0.5% to -$28.6 million in 2024, then jumped by 218.44% to $33.9 million in 2025, then slipped 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 SOL Strategies 94,425.84 Bn 94,425.84 Bn - 386,258.80
2 Morgan Stanley 349.82 Bn 216.29 Bn - 13.47 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 10.43 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 3.29 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 381.00 Mn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 4.45 Bn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 330.51 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 81.75 Mn
10 American Bitcoin 865.15 Mn 855.10 Mn 32.52 Mn 33.51 Mn

Historic Data

Download Data
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