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Side-by-side financial comparison of AMERICAN BATTERY TECHNOLOGY Co (ABAT) and Falcon's Beyond Global, Inc. (FBYD). Click either name above to swap in a different company.

Falcon's Beyond Global, Inc. is the larger business by last-quarter revenue ($6.6M vs $4.8M, roughly 1.4× AMERICAN BATTERY TECHNOLOGY Co). Falcon's Beyond Global, Inc. runs the higher net margin — -4.5% vs -195.0%, a 190.5% gap on every dollar of revenue. On growth, AMERICAN BATTERY TECHNOLOGY Co posted the faster year-over-year revenue change (1331.8% vs 383.5%).

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.

500 Global is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011. 500 Global has $2.3 billion in assets under management (AUM) as of March 2024.

ABAT vs FBYD — Head-to-Head

Bigger by revenue
FBYD
FBYD
1.4× larger
FBYD
$6.6M
$4.8M
ABAT
Growing faster (revenue YoY)
ABAT
ABAT
+948.3% gap
ABAT
1331.8%
383.5%
FBYD
Higher net margin
FBYD
FBYD
190.5% more per $
FBYD
-4.5%
-195.0%
ABAT

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ABAT
ABAT
FBYD
FBYD
Revenue
$4.8M
$6.6M
Net Profit
$-9.3M
$-296.0K
Gross Margin
-33.6%
Operating Margin
-207.5%
-30.9%
Net Margin
-195.0%
-4.5%
Revenue YoY
1331.8%
383.5%
Net Profit YoY
30.7%
97.5%
EPS (diluted)
$-0.07
$-0.01

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.

Revenue
ABAT
ABAT
FBYD
FBYD
Q4 25
$4.8M
$6.6M
Q3 25
$937.6K
$4.1M
Q2 25
$2.8M
$2.5M
Q1 25
$980.0K
$1.7M
Q4 24
$1.4M
Q3 24
$2.1M
Q2 24
$1.8M
Q1 24
$1.5M
Net Profit
ABAT
ABAT
FBYD
FBYD
Q4 25
$-9.3M
$-296.0K
Q3 25
$-10.3M
$-10.4M
Q2 25
$-10.2M
$25.1M
Q1 25
$-11.5M
$-8.1M
Q4 24
$-11.9M
Q3 24
$39.3M
Q2 24
$8.0M
Q1 24
$114.0M
Gross Margin
ABAT
ABAT
FBYD
FBYD
Q4 25
-33.6%
Q3 25
-375.1%
Q2 25
-92.6%
Q1 25
-274.5%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ABAT
ABAT
FBYD
FBYD
Q4 25
-207.5%
-30.9%
Q3 25
-1080.8%
-90.9%
Q2 25
-280.1%
-53.0%
Q1 25
-1086.3%
-371.1%
Q4 24
-335.6%
Q3 24
-118.9%
Q2 24
-195.9%
Q1 24
-350.5%
Net Margin
ABAT
ABAT
FBYD
FBYD
Q4 25
-195.0%
-4.5%
Q3 25
-1098.5%
-256.8%
Q2 25
-366.4%
985.2%
Q1 25
-1173.1%
-473.8%
Q4 24
-871.7%
Q3 24
1899.5%
Q2 24
446.5%
Q1 24
7521.4%
EPS (diluted)
ABAT
ABAT
FBYD
FBYD
Q4 25
$-0.07
$-0.01
Q3 25
$-0.09
$-0.13
Q2 25
$-0.09
$0.30
Q1 25
$-0.14
$-0.13
Q4 24
$-0.25
Q3 24
$0.39
Q2 24
$0.00
Q1 24
$1.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABAT
ABAT
FBYD
FBYD
Cash + ST InvestmentsLiquidity on hand
$47.9M
$1.9M
Total DebtLower is stronger
$15.6M
Stockholders' EquityBook value
$119.0M
$11.9M
Total Assets
$123.3M
$66.7M
Debt / EquityLower = less leverage
1.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABAT
ABAT
FBYD
FBYD
Q4 25
$47.9M
$1.9M
Q3 25
$30.9M
$4.3M
Q2 25
$7.5M
$26.1M
Q1 25
$7.8M
$1.1M
Q4 24
$825.0K
Q3 24
$828.0K
Q2 24
$1.7M
Q1 24
$1.1M
Total Debt
ABAT
ABAT
FBYD
FBYD
Q4 25
$15.6M
Q3 25
Q2 25
Q1 25
Q4 24
$41.2M
Q3 24
$10.3M
Q2 24
$15.7M
Q1 24
$15.1M
Stockholders' Equity
ABAT
ABAT
FBYD
FBYD
Q4 25
$119.0M
$11.9M
Q3 25
$96.0M
$9.2M
Q2 25
$70.6M
$414.0K
Q1 25
$65.6M
$-11.6M
Q4 24
$-9.0M
Q3 24
$-1.4M
Q2 24
$-44.7M
Q1 24
$-61.7M
Total Assets
ABAT
ABAT
FBYD
FBYD
Q4 25
$123.3M
$66.7M
Q3 25
$101.5M
$66.8M
Q2 25
$84.5M
$89.2M
Q1 25
$76.5M
$56.7M
Q4 24
$61.2M
Q3 24
$66.5M
Q2 24
$65.9M
Q1 24
$67.8M
Debt / Equity
ABAT
ABAT
FBYD
FBYD
Q4 25
1.31×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABAT
ABAT
FBYD
FBYD
Operating Cash FlowLast quarter
$-9.8M
$-4.3M
Free Cash FlowOCF − Capex
$-4.3M
FCF MarginFCF / Revenue
-66.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABAT
ABAT
FBYD
FBYD
Q4 25
$-9.8M
$-4.3M
Q3 25
$-7.1M
$-13.3M
Q2 25
$-7.9M
Q1 25
$-10.3M
$945.0K
Q4 24
$-3.8M
Q3 24
$-2.4M
Q2 24
$-2.6M
Q1 24
$-3.8M
Free Cash Flow
ABAT
ABAT
FBYD
FBYD
Q4 25
$-4.3M
Q3 25
$-13.4M
Q2 25
Q1 25
$853.0K
Q4 24
$-3.8M
Q3 24
$-2.4M
Q2 24
$-2.6M
Q1 24
$-3.8M
FCF Margin
ABAT
ABAT
FBYD
FBYD
Q4 25
-66.0%
Q3 25
-329.6%
Q2 25
Q1 25
49.9%
Q4 24
-278.7%
Q3 24
-114.9%
Q2 24
-145.6%
Q1 24
-248.8%
Capex Intensity
ABAT
ABAT
FBYD
FBYD
Q4 25
0.3%
Q3 25
1.0%
Q2 25
0.0%
Q1 25
5.4%
Q4 24
0.1%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.3%
Cash Conversion
ABAT
ABAT
FBYD
FBYD
Q4 25
Q3 25
Q2 25
-0.31×
Q1 25
Q4 24
Q3 24
-0.06×
Q2 24
-0.33×
Q1 24
-0.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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