Birchtech Corp. (BCHT) Financial Statements
Industry: Measuring & Controlling Devices (Other)
In fiscal 2025, Birchtech reported revenue of $17.6M, up 1.3% from $17.4M the year before. Net income was -$3.0M (a -17.2% net margin), or -$0.16 per diluted share. Gross margin was 42.0% and operating margin was -17.2%. Operating activities generated -$700,110 of cash, leaving -$729,406 of free cash flow. At fiscal year end, Birchtech held $9.2M in total assets against $11.0M in total liabilities.
Open the full interactive Birchtech financials → Quarterly statements, key ratios, valuation history and price charts.
Birchtech Key Stats
| Share Price | $1.41 |
|---|---|
| Market Cap | $37.1M |
| Revenue YoY Growth | +1.3% |
| 52-Week Range | $1.16 – $4.75 |
| Shares Outstanding | 19.3 million (basic, 2025 Q4) |
Birchtech Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $8.2M | $13.0M | $21.6M | $17.9M | $17.4M | $17.6M |
| Cost of Goods Sold | $5.4M | $7.9M | $14.6M | $12.2M | — | — |
| Gross Profit | $2.7M | $5.1M | $6.1M | $5.8M | $7.1M | $7.4M |
| Operating Income | -$3.2M | -$861,030 | -$17,421 | -$8.7M | -$7.2M | -$3.0M |
| Pre-Tax Income | -$5.8M | -$3.6M | -$1.6M | $6.4M | -$11.1M | -$3.0M |
| Income Tax | $10,000 | $23,000 | $18,000 | $473,213 | -$289,156 | $70,050 |
| Net Income | -$5.8M | -$3.6M | -$1.6M | $5.9M | -$10.8M | -$3.0M |
| Diluted EPS | -$0.35 | — | — | $0.30 | -$0.55 | -$0.16 |
Birchtech Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $7.4M | $3.8M | $4.2M | $3.8M |
| Net Income | $788,012 | -$592,883 | -$1.3M | -$3.0M |
| Diluted EPS | $0.05 | -$0.03 | -$0.06 | -$0.11 |
Birchtech Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $591,019 | $1.4M | $1.5M | $20.9M | — | — |
| Current Assets | $2.4M | $3.8M | $5.5M | $24.2M | $6.1M | $5.0M |
| Total Assets | $7.4M | $8.1M | $9.3M | $27.5M | $10.3M | $9.2M |
| Current Liabilities | $3.4M | $15.5M | $3.2M | $2.2M | $8.8M | $10.7M |
| Total Long-Term Debt | $14.3M | $11.9M | $219,962 | $11.0M | — | — |
| Total Liabilities | $20.6M | $18.4M | $16.8M | $28.3M | $9.1M | $11.0M |
| Shareholders' Equity | -$13.2M | -$10.2M | -$7.4M | -$782,897 | $1.2M | -$1.7M |
Birchtech Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.2M | $205,980 | $70,989 | $19.2M | -$4.1M | -$700,110 |
| Cash From Investing | $42,500 | -$10,975 | -$10,727 | $0 | -$809,432 | -$29,296 |
| Cash From Financing | $288,315 | $602,283 | $55,656 | $209,500 | -$12.6M | -$481,250 |
| Free Cash Flow | — | $195,005 | $60,262 | $19.2M | -$4.9M | -$729,406 |
Figures from Birchtech's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Birchtech financials page for every line item.
Birchtech Company Profile
| Ticker | BCHT |
|---|---|
| Exchange | NYSE |
| Industry | Measuring & Controlling Devices (Other) |
| Headquarters | Corsicana, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000728385 |
Frequently Asked Questions
What was Birchtech's revenue in fiscal 2025?
Birchtech (BCHT) reported revenue of $17.6M for fiscal 2025.
What is Birchtech's annual revenue history?
Birchtech's annual revenue by fiscal year: 2020: $8.2M; 2021: $13.0M; 2022: $21.6M; 2023: $17.9M; 2024: $17.4M; 2025: $17.6M.
What was Birchtech's net income in fiscal 2025?
Birchtech reported net income of -$3.0M for fiscal 2025.
What was Birchtech's earnings per share (EPS) in fiscal 2025?
Birchtech's diluted EPS was -$0.16 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Birchtech generate in fiscal 2025?
Birchtech generated -$729,406 of free cash flow in fiscal 2025.
What was Birchtech's revenue last quarter?
In its most recent reported quarter (2026 Q2), Birchtech reported revenue of $3.8M.
How many shares of Birchtech are outstanding?
Birchtech reported a weighted average of 19.3 million basic shares outstanding in 2025 Q4.
What is Birchtech's market cap?
Based on its latest closing price, Birchtech (BCHT) has a market capitalization of about $37.1M.
When does Birchtech's fiscal year end?
Birchtech's fiscal year end, as registered with the SEC, is December 31.
Where is Birchtech headquartered?
Birchtech lists its business address in Corsicana, Texas in its SEC filings.