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Side-by-side financial comparison of AMERICAN BATTERY TECHNOLOGY Co (ABAT) and Mega Matrix Inc (MPU). Click either name above to swap in a different company.
Mega Matrix Inc is the larger business by last-quarter revenue ($6.1M vs $4.8M, roughly 1.3× AMERICAN BATTERY TECHNOLOGY Co). Mega Matrix Inc runs the higher net margin — -177.4% vs -195.0%, a 17.6% gap on every dollar of revenue. On growth, AMERICAN BATTERY TECHNOLOGY Co posted the faster year-over-year revenue change (1331.8% vs -40.9%).
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 MPU — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.8M | $6.1M |
| Net Profit | $-9.3M | $-10.8M |
| Gross Margin | -33.6% | 47.7% |
| Operating Margin | -207.5% | -156.3% |
| Net Margin | -195.0% | -177.4% |
| Revenue YoY | 1331.8% | -40.9% |
| Net Profit YoY | 30.7% | -291.1% |
| EPS (diluted) | $-0.07 | $-0.21 |
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 | $6.1M | ||
| Q2 25 | $2.8M | $7.1M | ||
| Q1 25 | $980.0K | $7.7M | ||
| Q3 24 | — | $10.3M |
| Q4 25 | $-9.3M | — | ||
| Q3 25 | $-10.3M | $-10.8M | ||
| Q2 25 | $-10.2M | $-1.5M | ||
| Q1 25 | $-11.5M | $-2.5M | ||
| Q3 24 | — | $-2.8M |
| Q4 25 | -33.6% | — | ||
| Q3 25 | -375.1% | 47.7% | ||
| Q2 25 | -92.6% | 58.5% | ||
| Q1 25 | -274.5% | 55.8% | ||
| Q3 24 | — | 58.5% |
| Q4 25 | -207.5% | — | ||
| Q3 25 | -1080.8% | -156.3% | ||
| Q2 25 | -280.1% | -21.6% | ||
| Q1 25 | -1086.3% | -32.8% | ||
| Q3 24 | — | -26.0% |
| Q4 25 | -195.0% | — | ||
| Q3 25 | -1098.5% | -177.4% | ||
| Q2 25 | -366.4% | -20.7% | ||
| Q1 25 | -1173.1% | -32.0% | ||
| Q3 24 | — | -26.8% |
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.09 | $-0.21 | ||
| Q2 25 | $-0.09 | $-0.04 | ||
| Q1 25 | $-0.14 | $-0.07 | ||
| Q3 24 | — | $-0.08 |
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 | $9.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $119.0M | $37.4M |
| Total Assets | $123.3M | $42.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.9M | — | ||
| Q3 25 | $30.9M | $9.8M | ||
| Q2 25 | $7.5M | $4.0M | ||
| Q1 25 | $7.8M | $6.8M | ||
| Q3 24 | — | $9.9M |
| Q4 25 | $119.0M | — | ||
| Q3 25 | $96.0M | $37.4M | ||
| Q2 25 | $70.6M | $10.9M | ||
| Q1 25 | $65.6M | $11.9M | ||
| Q3 24 | — | $15.8M |
| Q4 25 | $123.3M | — | ||
| Q3 25 | $101.5M | $42.7M | ||
| Q2 25 | $84.5M | $16.6M | ||
| Q1 25 | $76.5M | $17.3M | ||
| Q3 24 | — | $22.4M |
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 | $-3.5M |
| 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 | $-3.5M | ||
| Q2 25 | — | $-1.8M | ||
| Q1 25 | $-10.3M | $-2.2M | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
