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Side-by-side financial comparison of AMERICAN BATTERY TECHNOLOGY Co (ABAT) and AleAnna, Inc. (ANNA). Click either name above to swap in a different company.
AleAnna, Inc. is the larger business by last-quarter revenue ($9.1M vs $4.8M, roughly 1.9× AMERICAN BATTERY TECHNOLOGY Co). AleAnna, Inc. runs the higher net margin — 2.8% vs -195.0%, a 197.8% gap on every dollar of revenue.
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.
Anna University is a public state university located in Chennai, Tamil Nadu, India. The main campus is in Guindy. It was originally established on 4 September 1978 and is named after C. N. Annadurai, former Chief Minister of Tamil Nadu.
ABAT vs ANNA — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $4.8M | $9.1M |
| Net Profit | $-9.3M | $258.1K |
| Gross Margin | -33.6% | — |
| Operating Margin | -207.5% | 2.4% |
| Net Margin | -195.0% | 2.8% |
| Revenue YoY | 1331.8% | — |
| Net Profit YoY | 30.7% | 102.7% |
| EPS (diluted) | $-0.07 | $0.00 |
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 | $9.1M | ||
| Q3 25 | $937.6K | $11.2M | ||
| Q2 25 | $2.8M | $4.0M | ||
| Q1 25 | $980.0K | $644.6K | ||
| Q4 24 | $332.4K | — | ||
| Q3 24 | $202.0K | $648.3K |
| Q4 25 | $-9.3M | $258.1K | ||
| Q3 25 | $-10.3M | $5.3M | ||
| Q2 25 | $-10.2M | $644.7K | ||
| Q1 25 | $-11.5M | $-3.3M | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $-11.7M | $-77.2K |
| Q4 25 | -33.6% | — | ||
| Q3 25 | -375.1% | — | ||
| Q2 25 | -92.6% | — | ||
| Q1 25 | -274.5% | — | ||
| Q4 24 | -894.4% | — | ||
| Q3 24 | -1159.0% | — |
| Q4 25 | -207.5% | 2.4% | ||
| Q3 25 | -1080.8% | 51.0% | ||
| Q2 25 | -280.1% | 14.5% | ||
| Q1 25 | -1086.3% | -562.4% | ||
| Q4 24 | -4151.4% | — | ||
| Q3 24 | -4854.0% | -227.1% |
| Q4 25 | -195.0% | 2.8% | ||
| Q3 25 | -1098.5% | 47.4% | ||
| Q2 25 | -366.4% | 16.0% | ||
| Q1 25 | -1173.1% | -518.1% | ||
| Q4 24 | -4031.0% | — | ||
| Q3 24 | -5790.5% | -11.9% |
| Q4 25 | $-0.07 | $0.00 | ||
| Q3 25 | $-0.09 | $0.08 | ||
| Q2 25 | $-0.09 | $0.01 | ||
| Q1 25 | $-0.14 | $-0.05 | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.17 | — |
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 | $31.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $119.0M | $58.7M |
| Total Assets | $123.3M | $101.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.9M | $31.8M | ||
| Q3 25 | $30.9M | $31.2M | ||
| Q2 25 | $7.5M | — | ||
| Q1 25 | $7.8M | — | ||
| Q4 24 | $20.6M | — | ||
| Q3 24 | $5.8M | $9.5K |
| Q4 25 | $119.0M | $58.7M | ||
| Q3 25 | $96.0M | $58.3M | ||
| Q2 25 | $70.6M | $52.3M | ||
| Q1 25 | $65.6M | $47.8M | ||
| Q4 24 | $70.6M | — | ||
| Q3 24 | $59.3M | $-4.1M |
| Q4 25 | $123.3M | $101.3M | ||
| Q3 25 | $101.5M | $100.1M | ||
| Q2 25 | $84.5M | $89.9M | ||
| Q1 25 | $76.5M | $82.0M | ||
| Q4 24 | $88.3M | — | ||
| Q3 24 | $73.8M | $94.3M |
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 | $3.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 14.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.8M | $3.7M | ||
| Q3 25 | $-7.1M | $9.0M | ||
| Q2 25 | — | $-700.0K | ||
| Q1 25 | $-10.3M | $-1.9M | ||
| Q4 24 | $-7.3M | — | ||
| Q3 24 | $-5.6M | $-2.2M |
| Q4 25 | — | 14.51× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | — | -1.09× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
