NYSEAMERICAN : BCHT
Birchtech Corp. — Financial statements
Industrials · Pollution & Treatment Controls · United States
Last price 1.13 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 29.73M
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Financial statements
Birchtech Corp. (BCHT) reported revenue of 19.18M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 18.60M | 17.39M | 17.29M | 17.48M | 21.62M | 13.01M |
| Other Revenue | 581.91K | 233.94K | 116.28K | 144.87K | ||
| Revenue | 19.18M | 17.63M | 17.41M | 17.63M | 21.62M | 13.01M |
| Cost of Revenue | 11.57M | 10.22M | 10.31M | 12.17M | 14.60M | 7.94M |
| Gross Profit | 7.61M | 7.40M | 7.10M | 5.45M | 7.02M | 5.07M |
| Selling, General & Admin | 8.76M | 8.58M | 14.22M | 14.21M | 6.12M | 5.93M |
| Research & Development | 2.08M | 1.81M | ||||
| Operating Expenses | 10.84M | 10.38M | 14.22M | 14.21M | 6.12M | 5.93M |
| Operating Income | -3.22M | -2.98M | -7.12M | -8.75M | 903.99K | -861.03K |
| Interest Expense | -13.62K | -13.67K | -267.46K | -1.36M | -1.57M | -2.82M |
| Interest & Investment Income | 197.06K | 82.10K | 293.52K | 79.30K | ||
| Other Non Operating Income (Expenses) | 231.97K | 5.93K | -3.96M | -11.21M | -801.52K | -531.43K |
| EBT Excluding Unusual Items | -2.81M | -2.91M | -11.05M | -21.25M | -1.47M | -4.21M |
| Gain (Loss) on Sale of Investments | -95.50K | |||||
| Asset Writedown | -50.00K | -50.00K | -43.00K | -219.71K | ||
| Legal Settlements | -1.25M | 27.61M | ||||
| Other Unusual Items | 600.68K | |||||
| Pretax Income | -4.11M | -2.96M | -11.09M | 6.14M | -1.56M | -3.61M |
| Income Tax Expense | 59.27K | 70.05K | -289.16K | 473.21K | 18.00K | 23.00K |
| Net Income | -4.17M | -3.03M | -10.80M | 5.67M | -1.58M | -3.63M |
| Net Income to Common | -4.17M | -3.03M | -10.80M | 5.67M | -1.58M | -3.63M |
| Shares Outstanding (Basic) | 21.72M | 19.32M | 19.06M | 18.83M | 18.01M | 16.93M |
| Shares Outstanding (Diluted) | 21.72M | 19.32M | 19.06M | 19.49M | 18.01M | 16.93M |
| EPS (Basic) | -0.19 | -0.16 | -0.57 | 0.30 | -0.09 | -0.21 |
| EPS (Diluted) | -0.19 | -0.16 | -0.57 | 0.30 | -0.10 | -0.21 |
| Free Cash Flow | -3.85M | -729.41K | -4.91M | 19.23M | 60.26K | 195.00K |
| Free Cash Flow Per Share | -0.18 | -0.04 | -0.26 | 0.99 | 0.00 | 0.01 |
| Gross Margin | 39.70% | 41.99% | 40.80% | 30.94% | 32.48% | 38.99% |
| Operating Margin | -16.81% | -16.91% | -40.88% | -49.67% | 4.18% | -6.62% |
| Profit Margin | -21.73% | -17.17% | -62.06% | 32.16% | -7.32% | -27.92% |
| Free Cash Flow Margin | -20.05% | -4.14% | -28.23% | 109.08% | 0.28% | 1.50% |
| EBITDA | -2.85M | -2.64M | -6.90M | -8.54M | 1.12M | -587.97K |
| EBITDA Margin | -14.84% | -14.97% | -39.63% | -48.43% | 5.18% | -4.52% |
| D&A For EBITDA | 378.00K | 342.14K | 216.30K | 218.46K | 216.28K | 273.06K |
| EBIT | -3.22M | -2.98M | -7.12M | -8.75M | 903.99K | -861.03K |
| EBIT Margin | -16.81% | -16.91% | -40.88% | -49.67% | 4.18% | -6.62% |
| Effective Tax Rate | 7.70% | |||||
| Revenue as Reported | 19.18M | 17.63M | 17.41M | 17.63M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 11.84M | 2.25M | 3.46M | 20.94M | 1.50M | 1.39M |
| Cash & Short-Term Investments | 11.84M | 2.25M | 3.46M | 20.94M | 1.50M | 1.39M |
| Receivables | 2.63M | 2.10M | 1.82M | 3.08M | 2.78M | 1.02M |
| Inventory | 455.82K | 448.09K | 621.81K | 795.16K | 991.13K | 1.08M |
| Prepaid Expenses | 827.98K | 210.41K | 198.19K | 183.62K | 267.39K | 312.01K |
| Total Current Assets | 15.75M | 5.00M | 6.10M | 25.00M | 5.54M | 3.79M |
| Property, Plant & Equipment | 2.46M | 2.45M | 2.66M | 1.61M | 1.88M | 2.22M |
| Other Intangible Assets | 1.19M | 1.29M | 1.50M | 1.70M | 1.91M | 2.11M |
| Long-Term Deferred Charges | 481.25K | |||||
| Other Long-Term Assets | 6.62K | 6.62K | 6.62K | 5.17K | 10.18K | 10.18K |
| Total Assets | 19.41M | 9.24M | 10.26M | 28.31M | 9.34M | 8.13M |
| Accounts Payable | 1.79M | 2.62M | 1.13M | 1.45M | 2.92M | 2.06M |
| Accrued Expenses | 1.68M | 1.02M | 615.88K | 67.27K | 92.48K | 768.98K |
| Current Portion of Long-Term Debt | 12.15M | |||||
| Current Portion of Leases | 55.34K | 51.16K | 42.73K | 11.16K | 43.26K | 340.21K |
| Current Income Taxes Payable | 32.19K | 32.19K | 437.82K | |||
| Current Unearned Revenue | 167.00K | 167.00K | 167.00K | 167.00K | 167.00K | 167.00K |
| Other Current Liabilities | 7.35M | 6.85M | 6.85M | 49.12K | ||
| Total Current Liabilities | 11.08M | 10.74M | 8.81M | 2.18M | 3.22M | 15.48M |
| Long-Term Debt | 11.22M | 9.88M | ||||
| Long-Term Leases | 183.64K | 212.33K | 263.49K | 11.29K | 54.55K | |
| Other Long-Term Liabilities | 14.85M | 3.64M | 2.84M | |||
| Total Liabilities | 11.26M | 10.95M | 9.07M | 28.25M | 16.76M | 18.37M |
| Common Stock | 26.31K | 19.46K | 19.24K | 94.36K | 93.09K | 89.12K |
| Additional Paid-In Capital | 88.27M | 74.04M | 73.93M | 61.92M | 61.19M | 56.79M |
| Retained Earnings | -80.14M | -75.78M | -72.75M | -61.95M | -68.70M | -67.12M |
| Shareholders' Equity | 8.15M | -1.71M | 1.19M | 60.35K | -7.42M | -10.24M |
| Total Liabilities & Equity | 19.41M | 9.24M | 10.26M | 28.31M | 9.34M | 8.13M |
| Total Debt | 238.98K | 263.49K | 306.22K | 11.23M | 9.94M | 12.54M |
| Net Cash (Debt) | 11.60M | 1.98M | 3.15M | 9.71M | -8.43M | -11.15M |
| Net Cash Per Share | 0.53 | 0.10 | 0.17 | 0.50 | -0.47 | -0.66 |
| Filing Date Shares Outstanding | 26.31M | 26.31M | 19.25M | 18.87M | 18.85M | 17.82M |
| Total Common Shares Outstanding | 26.31M | 19.46M | 19.24M | 18.87M | 18.62M | 17.82M |
| Working Capital | 4.67M | -5.74M | -2.71M | 22.81M | 2.32M | -11.69M |
| Book Value Per Share | 0.31 | -0.09 | 0.06 | 0.00 | -0.40 | -0.57 |
| Tangible Book Value | 6.96M | -3.01M | -307.60K | -1.64M | -9.33M | -12.35M |
| Tangible Book Value Per Share | 0.26 | -0.15 | -0.02 | -0.09 | -0.50 | -0.69 |
| Machinery | 2.88M | 2.77M | 2.74M | 1.94M | 1.96M | 2.83M |
| Construction In Progress | 1.50M | 1.50M | 1.54M | 1.59M | 1.81M | 1.81M |
| Leasehold Improvements | 125.71K | 117.51K | 117.51K | 101.82K | 101.82K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -4.17M | -3.03M | -10.80M | 5.67M | -1.58M | -3.63M |
| Depreciation & Amortization | 427.33K | 388.30K | 248.08K | 259.38K | 554.81K | 678.83K |
| Other Amortization | 241.44K | 1.34M | 1.52M | 2.37M | ||
| Asset Writedown & Restructuring Costs | 50.00K | 50.00K | 43.00K | 219.71K | ||
| Stock-Based Compensation | 39.71K | 119.24K | 1.09M | 520.45K | 671.68K | 1.01M |
| Other Operating Activities | -256.82K | -38.93K | 3.90M | 11.13M | 801.52K | 286.87K |
| Change in Accounts Receivable | -449.34K | -243.40K | 1.31M | 859.40K | -1.76M | 101.03K |
| Change in Inventory | 375.08K | 173.73K | 173.35K | 195.97K | 84.27K | -515.27K |
| Change in Accounts Payable | 985.61K | 1.91M | 144.55K | -1.39M | 679.12K | 655.75K |
| Change in Income Taxes | 32.19K | 32.19K | -437.82K | 437.82K | ||
| Change in Other Net Operating Assets | -747.10K | -62.27K | -16.88K | -13.16K | -894.19K | -751.88K |
| Operating Cash Flow | -3.71M | -700.11K | -4.11M | 19.23M | 70.99K | 205.98K |
| Capital Expenditures | -135.22K | -29.30K | -809.43K | -10.73K | -10.97K | |
| Investing Cash Flow | -135.22K | -29.30K | -809.43K | -10.73K | -10.97K | |
| Long-Term Debt Issued | 299.38K | |||||
| Long-Term Debt Repaid | -12.59M | -2.68K | -70.16K | |||
| Net Debt Issued (Repaid) | -12.59M | -2.68K | 229.22K | |||
| Issuance of Common Stock | 16.44M | 17.50K | 209.50K | 58.33K | 373.06K | |
| Other Financing Activities | -2.21M | -481.25K | ||||
| Financing Cash Flow | 14.23M | -481.25K | -12.57M | 209.50K | 55.66K | 602.28K |
| Net Cash Flow | 10.38M | -1.21M | -17.48M | 19.44M | 115.92K | 797.29K |
| Free Cash Flow | -3.85M | -729.41K | -4.91M | 19.23M | 60.26K | 195.00K |
| Free Cash Flow Margin | -20.05% | -4.14% | -28.23% | 109.08% | 0.28% | 1.50% |
| Free Cash Flow Per Share | -0.18 | -0.04 | -0.26 | 0.99 | 0.00 | 0.01 |
| Levered Free Cash Flow | -1.71M | 418.09K | 4.16M | -5.23M | 867.54K | 1.23M |
| Unlevered Free Cash Flow | -1.70M | 426.64K | 4.08M | -5.72M | 331.26K | 620.38K |
| Cash Interest Paid | 4.02K | 19.72K | 52.64K | |||
| Cash Income Tax Paid | 42.45K | 52.82K | 143.27K | |||
| Change in Working Capital | 196.43K | 1.81M | 1.17M | 91.64K | -1.89M | -510.37K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 29.73M | 72.96M | 49.05M | 86.62M | 24.58M | 52.87M |
| Enterprise Value | 18.13M | 71.47M | 44.88M | 95.03M | 36.63M | 64.45M |
| Last Close Price | 1.13 | 3.75 | 2.55 | 4.59 | 1.32 | 2.95 |
| PE Ratio | 15.28 | |||||
| Forward PE | 1.48 | 1.63 | 25.00 | 73.44 | 21.72 | 19.67 |
| PS Ratio | 1.55 | 4.14 | 2.82 | 4.92 | 1.14 | 4.06 |
| PB Ratio | 3.65 | -42.54 | 41.16 | 1,435.24 | -3.31 | -5.16 |
| P/FCF Ratio | 4.50 | 407.96 | 271.14 | |||
| P/OCF Ratio | 4.50 | 346.31 | 256.69 | |||
| PEG Ratio | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 | |
| EV/Sales Ratio | 0.95 | 4.05 | 2.58 | 5.39 | 1.69 | 4.95 |
| EV/EBITDA Ratio | 32.70 | |||||
| EV/EBIT Ratio | 40.52 | |||||
| EV/FCF Ratio | 4.94 | 607.80 | 330.52 | |||
| Debt / Equity Ratio | 0.03 | -0.15 | 0.26 | 186.07 | -1.34 | -1.23 |
| Debt / EBITDA Ratio | 6.81 | |||||
| Debt / FCF Ratio | 0.58 | 164.91 | 64.31 | |||
| Net Debt / Equity Ratio | -1.42 | 1.16 | -2.64 | -160.87 | -1.14 | -1.09 |
| Net Debt / EBITDA Ratio | 4.08 | 0.75 | 0.46 | 1.14 | 7.53 | -18.97 |
| Net Debt / FCF Ratio | 3.02 | 2.72 | 0.64 | -0.51 | 139.94 | 57.19 |
| Asset Turnover | 1.37 | 1.81 | 0.90 | 0.94 | 2.47 | 1.68 |
| Inventory Turnover | 17.98 | 19.11 | 14.54 | 13.63 | 14.13 | 9.71 |
| Quick Ratio | 1.31 | 0.41 | 0.60 | 11.00 | 1.33 | 0.15 |
| Current Ratio | 1.42 | 0.47 | 0.69 | 11.45 | 1.72 | 0.24 |
| Return on Equity (ROE) | -134.41% | -1,725.28% | ||||
| Return on Assets (ROA) | -14.40% | -19.11% | -23.06% | -29.06% | 6.47% | -6.94% |
| Return on Capital Employed (ROCE) | -38.70% | 198.30% | -488.90% | -33.50% | 14.80% | 11.70% |
| Earnings Yield | -17.25% | -4.15% | -22.02% | 6.54% | -6.43% | -6.87% |
| FCF Yield | -12.94% | -1.00% | -10.02% | 22.20% | 0.24% | 0.37% |
| Buyback Yield / Dilution | -12.88% | -1.35% | 2.22% | -8.25% | -6.33% | -8.80% |