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Side-by-side financial comparison of AMERICAN BATTERY TECHNOLOGY Co (ABAT) and Fatpipe Inc (FATN). Click either name above to swap in a different company.
AMERICAN BATTERY TECHNOLOGY Co is the larger business by last-quarter revenue ($4.8M vs $4.1M, roughly 1.2× Fatpipe Inc). Fatpipe Inc runs the higher net margin — 7.6% vs -195.0%, a 202.6% gap on every dollar of revenue. On growth, AMERICAN BATTERY TECHNOLOGY Co posted the faster year-over-year revenue change (1331.8% vs 3.2%).
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 FATN — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.8M | $4.1M |
| Net Profit | $-9.3M | $310.7K |
| Gross Margin | -33.6% | 87.7% |
| Operating Margin | -207.5% | 9.8% |
| Net Margin | -195.0% | 7.6% |
| Revenue YoY | 1331.8% | 3.2% |
| Net Profit YoY | 30.7% | 816.0% |
| EPS (diluted) | $-0.07 | $0.02 |
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 | $4.1M | ||
| Q3 25 | $937.6K | $4.0M | ||
| Q2 25 | $2.8M | $3.9M | ||
| Q1 25 | $980.0K | — |
| Q4 25 | $-9.3M | $310.7K | ||
| Q3 25 | $-10.3M | $-43.4K | ||
| Q2 25 | $-10.2M | $741.2K | ||
| Q1 25 | $-11.5M | — |
| Q4 25 | -33.6% | 87.7% | ||
| Q3 25 | -375.1% | 92.1% | ||
| Q2 25 | -92.6% | 94.2% | ||
| Q1 25 | -274.5% | — |
| Q4 25 | -207.5% | 9.8% | ||
| Q3 25 | -1080.8% | -0.0% | ||
| Q2 25 | -280.1% | 25.5% | ||
| Q1 25 | -1086.3% | — |
| Q4 25 | -195.0% | 7.6% | ||
| Q3 25 | -1098.5% | -1.1% | ||
| Q2 25 | -366.4% | 18.8% | ||
| Q1 25 | -1173.1% | — |
| Q4 25 | $-0.07 | $0.02 | ||
| Q3 25 | $-0.09 | $0.00 | ||
| Q2 25 | $-0.09 | $0.05 | ||
| Q1 25 | $-0.14 | — |
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 | — |
| Total DebtLower is stronger | — | $4.6M |
| Stockholders' EquityBook value | $119.0M | $21.2M |
| Total Assets | $123.3M | $32.4M |
| Debt / EquityLower = less leverage | — | 0.22× |
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 25 | — | $4.6M | ||
| Q3 25 | — | $4.8M | ||
| Q2 25 | — | $4.9M | ||
| Q1 25 | — | — |
| Q4 25 | $119.0M | $21.2M | ||
| Q3 25 | $96.0M | $21.0M | ||
| Q2 25 | $70.6M | $20.4M | ||
| Q1 25 | $65.6M | — |
| Q4 25 | $123.3M | $32.4M | ||
| Q3 25 | $101.5M | $32.2M | ||
| Q2 25 | $84.5M | $32.0M | ||
| Q1 25 | $76.5M | — |
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | — |
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 | $240.9K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.8M | $240.9K | ||
| Q3 25 | $-7.1M | $399.8K | ||
| Q2 25 | — | $-508.6K | ||
| Q1 25 | $-10.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-551.1K | ||
| Q1 25 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -14.0% | ||
| Q1 25 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | — |
| Q4 25 | — | 0.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.69× | ||
| Q1 25 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABAT
Segment breakdown not available.
FATN
| Products | $2.6M | 63% |
| Other | $1.5M | 37% |
