ABTCHIGH SIGNALFINANCIAL10-K

ABTC underwent significant corporate restructuring including mergers completed in September 2025, with substantial reductions across key financial metrics and a dramatic increase in outstanding shares.

The company's share count increased from approximately 70 million to over 1 billion shares outstanding, indicating major dilutive transactions or restructuring events. The language changes reference "Transactions" effective March 2025 and "Mergers" completed September 2025, suggesting complex corporate actions that fundamentally altered the company's structure and operations.

Comparing 2026-03-27 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS

ABTC experienced broad-based financial contraction with gross profit declining substantially from $8.2M to $3.4M, while total debt was meaningfully reduced from $14.6M to $5.1M. Accounts receivable dropped significantly and R&D expenses were roughly halved, suggesting either operational scaling-back or the divestiture of business segments. The overall financial picture indicates a company that has undergone major restructuring with reduced operational scale but improved debt positioning.

FINANCIAL STATEMENT CHANGES
Accounts Receivable
Balance Sheet
-78.1%
$675K→$148K

Receivables declined — improved collection efficiency or conservative revenue recognition.

Total Debt
Balance Sheet
-64.7%
$14.6M→$5.1M

Debt reduced 64.7% — deleveraging strengthens balance sheet and reduces financial risk.

Gross Profit
P&L
-58.3%
$8.2M→$3.4M

Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.

R&D Expense
P&L
-50.2%
$4.7M→$2.3M

R&D spending cut 50.2% — could signal cost discipline or concerning reduction in innovation investment.

Capital Expenditure
Cash Flow
-43.2%
$1.9M→$1.1M

Capex reduced 43.2% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

LANGUAGE CHANGES
NEW — 2026-03-27
PRIOR — 2025-03-31
ADDED
See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b 2 of the Exchange Act.
As of March 25, 2026, the registrant had 326,896,215 shares of Class A common stock, 732,224,903 shares of Class B common stock, and 0 shares of Class C common stock outstanding.
Market for Registrant s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 36 Item 6.
Management s Discussion and Analysis of Financial Condition and Results of Operations 37 Item 7A.
s "Compute" segment prior to the effectiveness of the Transactions (as defined below) on March 31, 2025; (ii) American Bitcoin Corp.
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REMOVED
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
See definitions of large accelerated filer, accelerated filer, smaller reporting company, and emerging growth company in Rule 12b-2 of the Exchange Act.
held by non-affiliates was approximately $ 37.6 million based upon the closing price per share of $1.19 on June 28, 2024.
As of March 31, 2025, there were 69,982,876 shares of common stock, par value $0.0001 per share of the registrant issued and outstanding.
Market for Registrant s Common Equity, Related Stockholder Matters and Issuers Purchases of Equity Securities 49 Item 6.
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