BCHT on NYSE
Birchtech Corp.
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Last updated Oct 16, 2026.
Overview
Compare with AUTOSCOPE TECHNOLOGIES CORP, Owlet, Inc. or Geospace Technologies, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
42.0%Gross margin3
-17.2%Operating margin3
-17.2%Net margin3
1.3%Revenue growth, 20253
-$729.4KFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product Revenue brought in 69% of the revenue Birchtech Corp. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Product Revenue | $14.5M | $14.2M |
| License Revenue | $2.8M | $3.2M |
| License | $2.8M | $3.1M |
| Equipment Revenue | $80.3K | $140.8K |
| Demonstrations & Consulting revenue | $36.0K | $93.2K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue49¢$10.2M
- Research and development9¢$1.8M
- Selling, general and admin41¢$8.6M
- Interest0¢$13.7K
- Income tax0¢$70.0K
Out of $17.6M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Product revenue | $14.2M | $14.5M |
| License revenue | $3.2M | $2.8M |
| Other revenue | $233.9K | $116.3K |
| Revenues | $17.6M | $17.4M |
| Cost of sales | -$10.2M | -$10.3M |
| Gross profit | $7.4M | $7.1M |
| Impairment loss | -$50.0K | -$43.0K |
| Research and development expenses | -$1.8M | $0 |
| Selling, general and administrative expenses (related party of $450,000 and $1,116,064) | -$8.6M | -$14.2M |
| Total operating expenses | -$10.4M | -$14.3M |
| Operating loss | -$3.0M | -$7.2M |
| Interest expense (related party of $nil and $245,724) | -$13.7K | -$267.5K |
| Loss on change in fair value of profit share and unsecured note | $5.9K | -$4.0M |
| Interest income | $82.1K | $293.5K |
| Total other (expense) income | $74.4K | -$3.9M |
| Loss before provision for income taxes | -$3.0M | -$11.1M |
| Income tax benefit (expense) | -$70.0K | $289.2K |
| Net loss | -$3.0M | -$10.8M |
| Basic and diluted net loss per share | -$0.16 | -$0.57 |
| Basic | 19.3M shares | 19.1M shares |
| Diluted | 19.3M shares | 19.1M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2024-08-31 |
|---|---|---|---|
| Cash | $2.2M | $3.5M | |
| Accounts receivable | $2.1M | $1.8M | |
| Inventory | $448.1K | $621.8K | |
| Prepaid expenses and other assets | $210.4K | $198.2K | |
| Total current assets | $5.0M | $6.1M | |
| Security deposits | $6.6K | $6.6K | |
| Deferred offering costs | $481.2K | $0 | |
| Property and equipment, net | $2.2M | $2.4M | |
| Right of use asset - operating lease | $259.0K | $305.1K | |
| Intellectual property, net | $1.3M | $1.5M | |
| Total assets | $9.2M | $10.3M | |
| Accounts payable and accrued expenses (related party $37,500 and $37,500 at December 31, 2025 and December 31, 2024, respectively) | $3.6M | $1.7M | |
| Income tax payable | $32.2K | $0 | |
| Current portion of operating lease liability | $51.2K | $42.7K | |
| Customer credits | $167.0K | $167.0K | |
| Accrued salaries | $32.0K | $39.3K | |
| Profit share liability - related party | $6.8M | $6.9M | |
| Total current liabilities | $10.7M | $8.8M | |
| Operating lease liability, net of current portion | $212.3K | $263.5K | |
| Total liabilities | $11.0M | $9.1M | |
| Preferred stock, $0.001 par value: 2,000,000 shares authorized, no shares issued | $0 | $0 | |
| Common stock, $0.001 par value; 150,000,000 shares authorized, 19,455,966 and 19,235,824 shares issued and outstanding as of December 31, 2025 and December 31, 2024 respectively. | $19.5K | $19.2K | |
| Additional paid-in capital | $74.0M | $73.9M | |
| Accumulated deficit | -$75.8M | -$72.8M | |
| Total stockholders' equity (deficit) | -$1.7M | $1.2M | |
| Total liabilities and stockholders' equity (deficit) | $9.2M | $10.3M | |
| Accounts payable and accrued expenses, related party | $37.5K | $37.5K | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 2.0M shares | 2.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 150.0M shares | 150.0M shares | |
| Common stock, shares issued | 19.5M shares | 19.2M shares | 5.0K shares |
| Common stock, shares outstanding | 19.5M shares | 19.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$3.0M | -$10.8M |
| Stock-based compensation | $119.2K | $1.1M |
| Amortization of discount of notes payable | $0 | $241.4K |
| Amortization of right to use assets | $46.2K | $31.8K |
| Amortization of patent rights | $204.6K | $204.6K |
| Depreciation expense | $137.5K | $11.7K |
| Impairment loss | $50.0K | $43.0K |
| Non-cash interest income | -$33.0K | -$57.2K |
| Loss on change in fair value of profit share | -$5.9K | $4.0M |
| Accounts receivable | -$243.4K | $1.3M |
| Inventory | $173.7K | $173.4K |
| Prepaid expenses and other assets | -$12.2K | -$16.0K |
| Accrued salaries | -$7.3K | $30.3K |
| Accounts payable and accrued liabilities | $1.9M | $144.5K |
| Income tax payable | $32.2K | -$437.8K |
| Operating lease liability | -$42.7K | -$31.2K |
| Net cash used in operating activities | -$700.1K | -$4.1M |
| Purchase of property and equipment | -$29.3K | -$809.4K |
| Net cash used in investing activities | -$29.3K | -$809.4K |
| Deferred offering costs | -$481.2K | $0 |
| Proceeds from exercise of stock options | $0 | $17.5K |
| Repayment of secured notes payable | $0 | -$271.7K |
| Repayment of unsecured notes payable | $0 | -$12.3M |
| Net cash used in financing activities | -$481.2K | -$12.6M |
| Net decrease in cash and cash equivalents | -$1.2M | -$17.5M |
| Interest | $0 | $4.0K |
| Income taxes | $52.8K | $143.3K |
| Capital from related party debt extinguishments | $0 | $10.8M |
| Recognition of ROU asset and operating lease liability | $0 | $326.3K |
Former names
Recent filings
- Oct 5, 2026SCHEDULE 13G
- Aug 13, 202610-Q
- Jul 28, 20268-K
- Jun 24, 2026DEF 14A
- Jun 24, 2026ARS
- Jun 8, 2026PRE 14A
- May 13, 202610-Q
- May 12, 20268-K/A
- May 6, 20268-K
- May 6, 20263 PRIMARY DOCUMENT
- Apr 13, 20268-K
- Mar 31, 202610-K
- Mar 17, 20268-K
- Mar 2, 20264 PRIMARY DOCUMENT
- Feb 27, 2026424B4
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBirchtech Corp. filings on SEC EDGAR
- 2SEC EDGARBirchtech Corp. filings on SEC EDGAR
- 3SEC EDGARBirchtech Corp. 10-K for fiscal 2025
- 4SEC EDGARBirchtech Corp. 10-K for fiscal 2019
- 5SEC EDGARBirchtech Corp. 10-K for fiscal 2020
- 6SEC EDGARBirchtech Corp. 10-K for fiscal 2021
- 7SEC EDGARBirchtech Corp. 10-K for fiscal 2022
- 8SEC EDGARBirchtech Corp. 10-K for fiscal 2023
- 9SEC EDGARBirchtech Corp. 10-Q for fiscal 2026
- 10SEC EDGARBirchtech Corp. 10-Q for fiscal 2026