Q4 2025 American Bitcoin Corp Earnings Call Transcript

Feb 26, 2026 / 01:00 PM GMT

Release Date Price: €0.88 (-2.76%)

Transcript 8-K

Key Points

Positve

American Bitcoin Corp (ABTC) has rapidly become the 17th largest public Bitcoin accumulator with over 6,000 Bitcoin on its balance sheet.
The company achieved a 49% increase in Satoshi's per share in a single quarter, reflecting strong growth in Bitcoin reserves.
ABTC mines Bitcoin at a structural discount, achieving a 53% gross margin, which is significantly higher than many competitors.
The company has a disciplined cost structure, with SG&A expenses reduced to 9% of revenue in the fourth quarter, down from 13% in the previous quarter.
ABTC's dual accumulation model combines Bitcoin mining and strategic market purchases, enhancing its Bitcoin reserve efficiently.

Negative

The company reported a net loss of $59.5 million for the fourth quarter, primarily due to a $112.2 million non-cash loss on digital assets.
Gross margin decreased from 56% in the third quarter to 53% in the fourth quarter, indicating some pressure on profitability.
The price of Bitcoin declined by approximately 23% during the fourth quarter, impacting the company's financial performance.
Adjusted EBITA was negative, at $-77.6 million for the fourth quarter, reflecting challenges in achieving positive earnings.
The company did not add any net new hash rate in the fourth quarter, focusing instead on optimization, which may limit immediate growth potential.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ABTC.OQ - American Bitcoin Corp
Q4 2025 American Bitcoin Corp Earnings Call
Feb 26, 2026 / 01:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning and welcome to American Bitcoin's 4th quarter and full year 2025 financial results conference call. Speaking on today's call, our co-founder and Chief Strategy Officer Eric Trump and Chief Executive Officer Mike Ho, Executive Chairman Asher Gnot, and President and interim Chief Financial Officer Matt Prusak will be available during the question-and-answer session.

Following prepared remarks, we will open the line for questions. This call is being recorded and a transcript will be made available on American Bitcoin's website.

American Bitcoin issued its 4th quarter and full year 2025 earnings release earlier today, which can be found on the company's website at abc.com and on the company's Edgar

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.