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Side-by-side financial comparison of AMERICAN BATTERY TECHNOLOGY Co (ABAT) and Largo Inc. (LGO). 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 $87.6K, roughly 54.3× Largo Inc.). Largo Inc. runs the higher net margin — -59.3% vs -195.0%, a 135.7% 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.
Largo Inc. is a Canada-based critical minerals producer focused on sustainable vanadium extraction and processing. It operates core production assets in Brazil, supplying high-purity vanadium products for steel manufacturing, grid-scale energy storage, and industrial clients across global markets.
ABAT vs LGO — Head-to-Head
Income Statement — Q2 2026 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $4.8M | $87.6K |
| Net Profit | $-9.3M | $-52.0K |
| Gross Margin | -33.6% | — |
| Operating Margin | -207.5% | — |
| Net Margin | -195.0% | -59.3% |
| Revenue YoY | 1331.8% | — |
| Net Profit YoY | 30.7% | — |
| 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 | $87.6K | ||
| Q2 25 | $2.8M | $54.4K | ||
| Q1 25 | $980.0K | $28.2K | ||
| Q4 24 | $332.4K | — | ||
| Q3 24 | $202.0K | $100.7K | ||
| Q2 24 | — | $70.7K | ||
| Q1 24 | — | $42.2K |
| Q4 25 | $-9.3M | — | ||
| Q3 25 | $-10.3M | $-52.0K | ||
| Q2 25 | $-10.2M | $-40.0K | ||
| Q1 25 | $-11.5M | $-18.3K | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $-11.7M | $-18.7K | ||
| Q2 24 | — | $-3.9K | ||
| Q1 24 | — | $715 |
| Q4 25 | -33.6% | — | ||
| Q3 25 | -375.1% | — | ||
| Q2 25 | -92.6% | — | ||
| Q1 25 | -274.5% | — | ||
| Q4 24 | -894.4% | — | ||
| Q3 24 | -1159.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -207.5% | — | ||
| Q3 25 | -1080.8% | — | ||
| Q2 25 | -280.1% | — | ||
| Q1 25 | -1086.3% | — | ||
| Q4 24 | -4151.4% | — | ||
| Q3 24 | -4854.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -195.0% | — | ||
| Q3 25 | -1098.5% | -59.3% | ||
| Q2 25 | -366.4% | -73.6% | ||
| Q1 25 | -1173.1% | -64.9% | ||
| Q4 24 | -4031.0% | — | ||
| Q3 24 | -5790.5% | -18.6% | ||
| Q2 24 | — | -5.6% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.09 | — | ||
| Q2 25 | $-0.09 | — | ||
| Q1 25 | $-0.14 | — | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.17 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | — | — |
| Stockholders' EquityBook value | $119.0M | — |
| Total Assets | $123.3M | — |
| 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 | $20.6M | — | ||
| Q3 24 | $5.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $119.0M | — | ||
| Q3 25 | $96.0M | — | ||
| Q2 25 | $70.6M | — | ||
| Q1 25 | $65.6M | — | ||
| Q4 24 | $70.6M | — | ||
| Q3 24 | $59.3M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $123.3M | — | ||
| Q3 25 | $101.5M | — | ||
| Q2 25 | $84.5M | — | ||
| Q1 25 | $76.5M | — | ||
| Q4 24 | $88.3M | — | ||
| Q3 24 | $73.8M | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.8M | — |
| 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 | $-7.3M | — | ||
| Q3 24 | $-5.6M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $5.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 6.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
