Birchtech Corp.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $17.6M | $17.4M | $17.6M | $21.6M | $13.0M |
| Cost of revenue | $10.2M | $10.3M | $12.2M | $14.6M | $7.9M |
| Gross profit | $7.4M | $7.1M | $5.5M | $7.0M | — |
| Selling, general & administrative | $8.6M | $14.2M | $14.2M | $6.1M | $5.9M |
| Research and development | $1.8M | $0 | — | — | — |
| Operating expenses | $10.4M | $14.3M | $14.4M | $6.1M | — |
| Operating income | -$3.0M | -$7.2M | -$9.0M | $903,987 | — |
| Interest expense | $13,673 | $267,458 | $1.4M | $1.6M | $2.8M |
| Pretax income | -$3.0M | -$11.1M | $27.6M | $0 | -$3.6M |
| Income tax expense | $70,050 | -$289,156 | $473,213 | $18,000 | $23,000 |
| Net income | -$3.0M | -$10.8M | $5.7M | -$1.6M | -$3.6M |
| Balance Sheet | |||||
| Cash and equivalents | — | — | $20.9M | $1.5M | $1.4M |
| Current assets | $5.0M | $6.1M | $25.0M | $5.5M | $3.8M |
| Total assets | $9.2M | $10.3M | $28.3M | $9.3M | $8.1M |
| Current liabilities | $10.7M | $8.8M | $2.2M | $3.2M | $15.5M |
| Total liabilities | $11.0M | $9.1M | $28.3M | $16.8M | $18.4M |
| Stockholders' equity | -$1.7M | $1.2M | $60,354 | -$7.4M | -$10.2M |
| Cash Flow Statement | |||||
| Cash from operations | -$700,110 | -$4.1M | $19.2M | $70,989 | -$205,980 |
| Depreciation and amortization | $137,541 | $11,702 | $12,927 | $11,679 | $68,460 |
| Stock-based compensation | $119,238 | $1.1M | $33,782 | $408,034 | $967,967 |
| Capital expenditure | $29,296 | $809,432 | $0 | $10,727 | $10,975 |
| Free cash flow | -$729,406 | -$4.9M | $19.2M | $60,262 | -$216,955 |
| Impairments | $50,000 | $43,000 | $219,707 | $0 | — |
Shares outstanding 26.3M · Free float 78.2%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.