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Side-by-side financial comparison of AMERICAN BATTERY TECHNOLOGY Co (ABAT) and Ellington Credit Co (EARN). Click either name above to swap in a different company.
Ellington Credit Co is the larger business by last-quarter revenue ($6.1M vs $4.8M, roughly 1.3× AMERICAN BATTERY TECHNOLOGY Co). Ellington Credit Co runs the higher net margin — -32.6% vs -195.0%, a 162.3% gap on every dollar of revenue. On growth, Ellington Credit Co posted the faster year-over-year revenue change (1528.9% vs 1331.8%).
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.
Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.
ABAT vs EARN — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.8M | $6.1M |
| Net Profit | $-9.3M | $-2.0M |
| Gross Margin | -33.6% | — |
| Operating Margin | -207.5% | -35.6% |
| Net Margin | -195.0% | -32.6% |
| Revenue YoY | 1331.8% | 1528.9% |
| Net Profit YoY | 30.7% | -116.1% |
| EPS (diluted) | $-0.07 | — |
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 | — | ||
| Q3 25 | $937.6K | — | ||
| Q2 25 | $2.8M | — | ||
| Q1 25 | $980.0K | — | ||
| Q4 24 | — | $6.1M | ||
| Q3 24 | — | $4.8M | ||
| Q2 24 | — | $3.9M | ||
| Q1 23 | — | $-372.0K |
| Q4 25 | $-9.3M | — | ||
| Q3 25 | $-10.3M | — | ||
| Q2 25 | $-10.2M | — | ||
| Q1 25 | $-11.5M | — | ||
| Q4 24 | — | $-2.0M | ||
| Q3 24 | — | $5.4M | ||
| Q2 24 | — | $-815.0K | ||
| Q1 23 | — | $2.3M |
| Q4 25 | -33.6% | — | ||
| Q3 25 | -375.1% | — | ||
| Q2 25 | -92.6% | — | ||
| Q1 25 | -274.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — |
| Q4 25 | -207.5% | — | ||
| Q3 25 | -1080.8% | — | ||
| Q2 25 | -280.1% | — | ||
| Q1 25 | -1086.3% | — | ||
| Q4 24 | — | -35.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -22.8% | ||
| Q1 23 | — | — |
| Q4 25 | -195.0% | — | ||
| Q3 25 | -1098.5% | — | ||
| Q2 25 | -366.4% | — | ||
| Q1 25 | -1173.1% | — | ||
| Q4 24 | — | -32.6% | ||
| Q3 24 | — | 114.6% | ||
| Q2 24 | — | -20.9% | ||
| Q1 23 | — | -628.2% |
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.09 | — | ||
| Q2 25 | $-0.09 | — | ||
| Q1 25 | $-0.14 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — |
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 | $193.7M |
| Total Assets | $123.3M | $824.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.9M | — | ||
| Q3 25 | $30.9M | — | ||
| Q2 25 | $7.5M | — | ||
| Q1 25 | $7.8M | — | ||
| Q4 24 | — | $31.8M | ||
| Q3 24 | — | $25.7M | ||
| Q2 24 | — | $118.8M | ||
| Q1 23 | — | $36.7M |
| Q4 25 | $119.0M | — | ||
| Q3 25 | $96.0M | — | ||
| Q2 25 | $70.6M | — | ||
| Q1 25 | $65.6M | — | ||
| Q4 24 | — | $193.7M | ||
| Q3 24 | — | $191.6M | ||
| Q2 24 | — | $146.1M | ||
| Q1 23 | — | $115.0M |
| Q4 25 | $123.3M | — | ||
| Q3 25 | $101.5M | — | ||
| Q2 25 | $84.5M | — | ||
| Q1 25 | $76.5M | — | ||
| Q4 24 | — | $824.1M | ||
| Q3 24 | — | $752.3M | ||
| Q2 24 | — | $933.5M | ||
| Q1 23 | — | $1.1B |
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 | $4.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.8M | — | ||
| Q3 25 | $-7.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-10.3M | — | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.7M | ||
| Q1 23 | — | $-2.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | — | ||
| Q1 23 | — | -1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
