Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.3M | $27.5M | $12.3M | $11.4M | $8.16M | $13.0M | $21.6M | $17.6M | $17.4M | $17.6M |
| Revenue growth | — | -15.0% | -55.3% | -7.1% | -28.5% | 59.5% | 66.2% | -18.5% | -1.2% | 1.3% |
| Gross profit | — | — | — | — | — | — | $7.02M | $5.45M | $7.10M | $7.40M |
| Gross margin | — | — | — | — | — | — | 32.5% | 30.9% | 40.8% | 42.0% |
| Operating income | $2.06M | $11.1K | $2.80M | — | — | — | $904K | -$8.97M | -$7.16M | -$3.03M |
| Operating margin | 6.4% | 0.0% | 22.8% | — | — | — | 4.2% | -50.9% | -41.1% | -17.2% |
| Net income | -$15.6M | -$2.90M | -$4.82M | -$6.10M | -$5.83M | -$3.63M | -$1.58M | $5.67M | -$10.8M | -$3.03M |
| Net margin | -48.3% | -10.6% | -39.2% | -53.4% | -71.4% | -27.9% | -7.3% | 32.2% | -62.1% | -17.2% |
| EPS (diluted) | -$0.34 | -$0.03 | -$0.06 | -$0.08 | -$0.07 | — | -$0.02 | $0.06 | -$0.57 | -$0.16 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.23M | -$472K | -$1.07M | -$1.58M | -$1.24M | -$206K | $71.0K | $19.2M | -$4.11M | -$700K |
| Capital expenditures | — | — | — | — | $0.00 | $11.0K | $10.7K | $0.00 | $809K | $29.3K |
| Free cash flow | — | — | — | — | -$1.24M | -$217K | $60.3K | $19.2M | -$4.91M | -$729K |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $7.75M | $2.42M | $585K | $1.50M | $591K | $1.39M | $1.50M | $20.9M | $3.46M | $2.25M |
| Total assets | $15.9M | $12.1M | $8.04M | $9.27M | $7.38M | $8.13M | $9.34M | $28.3M | $10.3M | $9.24M |
| Total liabilities | $20.8M | $16.5M | $16.7M | $18.1M | $20.6M | $18.4M | $16.8M | $28.3M | $9.07M | $11.0M |
| Shareholders' equity | -$3.66M | -$4.42M | -$8.62M | -$8.87M | -$13.2M | -$10.2M | -$7.42M | $60.4K | $1.19M | -$1.71M |
| Retained earnings | -$54.9M | -$46.7M | -$51.5M | -$57.7M | $63.5M | -$67.1M | -$68.7M | -$62.0M | -$72.8M | -$75.8M |
| Shares (wtd avg diluted) | 50.6M | 75.1M | 76.1M | — | 78.1M | 89.1M | 90.0M | 97.5M | 19.1M | 19.3M |
Every figure is extracted from Birchtech Corp.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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