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Side-by-side financial comparison of AMERICAN BATTERY TECHNOLOGY Co (ABAT) and Affinity Bancshares, Inc. (AFBI). Click either name above to swap in a different company.
Affinity Bancshares, Inc. is the larger business by last-quarter revenue ($8.6M vs $4.8M, roughly 1.8× AMERICAN BATTERY TECHNOLOGY Co). Affinity Bancshares, Inc. runs the higher net margin — 24.9% vs -195.0%, a 219.9% gap on every dollar of revenue. On growth, AMERICAN BATTERY TECHNOLOGY Co posted the faster year-over-year revenue change (1331.8% vs 12.8%).
American Battery Technology Company, formerly American Battery Metals Corporation, is a US-based battery recycling technology startup founded in 2011. It employs a hydrometallurgical process to recycle batteries and a targeted extraction system to extract raw materials from primary resources.
ABAT vs AFBI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.8M | $8.6M |
| Net Profit | $-9.3M | $2.1M |
| Gross Margin | -33.6% | — |
| Operating Margin | -207.5% | 35.9% |
| Net Margin | -195.0% | 24.9% |
| Revenue YoY | 1331.8% | 12.8% |
| Net Profit YoY | 30.7% | 58.5% |
| EPS (diluted) | $-0.07 | $0.34 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $4.8M | $8.6M | ||
| Q3 25 | $937.6K | $8.4M | ||
| Q2 25 | $2.8M | $8.3M | ||
| Q1 25 | $980.0K | $7.8M | ||
| Q4 24 | — | $7.6M | ||
| Q3 24 | — | $8.0M | ||
| Q2 24 | — | $8.3M | ||
| Q1 24 | — | $7.3M |
| Q4 25 | $-9.3M | $2.1M | ||
| Q3 25 | $-10.3M | $2.2M | ||
| Q2 25 | $-10.2M | $2.2M | ||
| Q1 25 | $-11.5M | $1.8M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $1.7M | ||
| Q2 24 | — | $1.0M | ||
| Q1 24 | — | $1.3M |
| Q4 25 | -33.6% | — | ||
| Q3 25 | -375.1% | — | ||
| Q2 25 | -92.6% | — | ||
| Q1 25 | -274.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -207.5% | 35.9% | ||
| Q3 25 | -1080.8% | 34.9% | ||
| Q2 25 | -280.1% | 34.1% | ||
| Q1 25 | -1086.3% | 30.8% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 28.5% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | — | 24.0% |
| Q4 25 | -195.0% | 24.9% | ||
| Q3 25 | -1098.5% | 26.5% | ||
| Q2 25 | -366.4% | 25.9% | ||
| Q1 25 | -1173.1% | 23.4% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 18.2% |
| Q4 25 | $-0.07 | $0.34 | ||
| Q3 25 | $-0.09 | $0.34 | ||
| Q2 25 | $-0.09 | $0.33 | ||
| Q1 25 | $-0.14 | $0.28 | ||
| Q4 24 | — | $0.21 | ||
| Q3 24 | — | $0.26 | ||
| Q2 24 | — | $0.16 | ||
| Q1 24 | — | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.9M | $53.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $119.0M | $127.0M |
| Total Assets | $123.3M | $881.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.9M | $53.9M | ||
| Q3 25 | $30.9M | $84.8M | ||
| Q2 25 | $7.5M | $89.7M | ||
| Q1 25 | $7.8M | $74.7M | ||
| Q4 24 | — | $41.4M | ||
| Q3 24 | — | $52.3M | ||
| Q2 24 | — | $50.4M | ||
| Q1 24 | — | $61.4M |
| Q4 25 | $119.0M | $127.0M | ||
| Q3 25 | $96.0M | $125.4M | ||
| Q2 25 | $70.6M | $124.1M | ||
| Q1 25 | $65.6M | $122.3M | ||
| Q4 24 | — | $129.1M | ||
| Q3 24 | — | $128.4M | ||
| Q2 24 | — | $125.1M | ||
| Q1 24 | — | $123.3M |
| Q4 25 | $123.3M | $881.7M | ||
| Q3 25 | $101.5M | $925.2M | ||
| Q2 25 | $84.5M | $933.8M | ||
| Q1 25 | $76.5M | $912.5M | ||
| Q4 24 | — | $866.8M | ||
| Q3 24 | — | $878.6M | ||
| Q2 24 | — | $873.6M | ||
| Q1 24 | — | $869.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.8M | $11.6M |
| Free Cash FlowOCF − Capex | — | $11.2M |
| FCF MarginFCF / Revenue | — | 130.9% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | — | 5.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | $20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.8M | $11.6M | ||
| Q3 25 | $-7.1M | $3.7M | ||
| Q2 25 | — | $3.8M | ||
| Q1 25 | $-10.3M | $1.9M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | — | $4.1M | ||
| Q2 24 | — | $619.0K | ||
| Q1 24 | — | $1.2M |
| Q4 25 | — | $11.2M | ||
| Q3 25 | — | $3.6M | ||
| Q2 25 | — | $3.7M | ||
| Q1 25 | — | $1.8M | ||
| Q4 24 | — | $6.4M | ||
| Q3 24 | — | $4.0M | ||
| Q2 24 | — | $489.0K | ||
| Q1 24 | — | $1.1M |
| Q4 25 | — | 130.9% | ||
| Q3 25 | — | 43.3% | ||
| Q2 25 | — | 44.0% | ||
| Q1 25 | — | 22.7% | ||
| Q4 24 | — | 83.9% | ||
| Q3 24 | — | 49.5% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | 14.8% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | 5.46× | ||
| Q3 25 | — | 1.66× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
