BCHT · Birchtech Corp. · Financials
The latest filing states the doubt was alleviated.
“As disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, the Company had previously identified conditions that raised substantial doubt about its ability to continue as a going concern. Subsequent to year end, on February 27, 2026 and March 17, 2026 (following the partial exercise of the underwriters’ overallotment option), the Company completed an underwritten public offering of its common stock and received aggregate gross proceeds of $16.4 million, before deducting underwriting discounts and commissions and offering expenses. Based on the net proceeds from the offering, together with the Company’s existing cash, anticipated revenues and additional cash inflows from its current operations, management believes that the Company has sufficient liquidity to fund its operations and meet its obligations for at least the next twelve months and that the conditions giving rise to the previously disclosed substantial doubt have been alleviated.”View the 10-Q filed Aug 13, 2026
2 customers — 47% of revenue (three months ended June 30, 2026)
“For the three month period ended June 30, 2026, two customers represented 47%, and 12% of the Company's revenues”
2 customers — 37% of revenue (six months ended June 30, 2026)
“For the six month period ended June 30, 2026, two customers represented 37%, and 16% of the Company's revenues”
One customer — 16% of revenue (six months ended June 30, 2026)
“For the six month period ended June 30, 2026, two customers represented 37%, and 16% of the Company's revenues”
One customer — 12% of revenue (three months ended June 30, 2026)
“For the three month period ended June 30, 2026, two customers represented 47%, and 12% of the Company's revenues”
2 customers — 49% of receivables (June 30, 2026)
“At June 30, 2026, two customers represented 49%, and 10% of the Company's accounts receivable”
One customer — 10% of receivables (June 30, 2026)
“At June 30, 2026, two customers represented 49%, and 10% of the Company's accounts receivable”
2 customers — 51% of receivables (December 31, 2025)
“at December 31, 2025, two customers represented 51%, and 14% of the Company's accounts receivable”
One customer — 14% of receivables (December 31, 2025)
“at December 31, 2025, two customers represented 51%, and 14% of the Company's accounts receivable”
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $19.18M | $17.63M | $17.41M | $17.63M | $21.62M | $13.01M | $8.16M | $11.42M | $12.3M | $27.5M | $32.35M | $12.63M | $2.79M | $1.67M | $788.07K | $458.08K | $7000 | — | |
| -$2.03M | — | — | — | — | — | — | — | — | -$2.15M | -$4.91M | -$6.21M | -$2.72M | -$711.65K | -$261.53K | -$54.26K | — | — | |
| $11.57M | $10.22M | $10.31M | $12.17M | $14.6M | $7.94M | $5.44M | $8.34M | $9.15M | $19.02M | $23.03M | $10.76M | $1.48M | $370.64K | $233.12K | $443.93K | — | — | |
| $7.61M | $7.4M | $7.1M | $5.45M | $7.02M | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | 41.99% | 40.8% | 30.94% | 32.48% | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| $2.08M | $1.81M | $0 | — | — | — | — | — | — | — | — | — | — | — | — | $764.05K | $125.83K | — | |
| $8.76M | $8.58M | $14.22M | $14.21M | $6.12M | $5.93M | $5.94M | $6.43M | $5.89M | $8.47M | $7.26M | $4.22M | $5.52M | $1.96M | $1.66M | $3.88M | $103.08K | — | |
| $204.6K | $204.6K | $204.6K | $205.53K | — | — | — | — | — | — | — | — | — | — | — | $5883 | $5882 | — | |
| — | — | $11.7K | $12.93K | $11.68K | $68.46K | $188.68K | $314.91K | $456.91K | $748.02K | $463.87K | $125.85K | $250.26K | $170.51K | $411.85K | $16.74K | — | — | |
| $10.89M | $10.43M | $14.26M | $14.43M | $6.12M | — | — | — | — | — | — | $1.81M | $904.91K | $886.95K | $263.14K | $255.03K | — | — | |
| $23.2M | — | — | — | $23.18M | $16.62M | $13.97M | $17.5M | $17.09M | $29.86M | $30.29M | $16.32M | $9.27M | $5.89M | $4.77M | $9.88M | — | — | |
| -$3.27M | -$3.03M | -$7.16M | -$8.97M | $903.99K | — | — | — | $2.8M | $11.05K | $2.06M | -$3.69M | -$6.48M | -$4.22M | -$3.98M | -$9.42M | -$471.57K | — | |
| — | -17.19% | -41.12% | -50.91% | 4.18% | — | — | — | 22.77% | 0.04% | 6.36% | -29.2% | -231.84% | -253.08% | -504.65% | -2055.84% | -6736.64% | — | |
| — | — | -$7.15M | -$8.96M | $915.67K | — | — | — | $3.26M | $759.07K | $2.52M | -$3.56M | -$6.23M | -$4.05M | -$3.57M | -$9.4M | — | — | |
| $13.62K | $13.67K | $267.46K | $1.36M | $1.57M | $2.82M | $41.43K | $40.75K | $1.98M | $2.15M | — | — | $984 | — | — | — | — | — | |
| -$834.59K | $74.36K | -$3.93M | $15.11M | -$2.47M | — | — | — | — | — | — | — | — | — | — | -$54.26K | — | — | |
| — | — | — | — | $95.5K | — | — | — | $44.04K | — | — | — | — | — | — | — | — | — | |
| -$4.11M | -$2.96M | -$11.09M | $6.14M | -$1.56M | -$3.61M | -$5.82M | -$6.08M | -$4.79M | — | — | — | — | — | — | — | — | — | |
| $59.27K | $70.05K | -$289.16K | $473.21K | $18K | $23K | $10K | $14K | -$22.15K | $540.42K | -$472.67K | $41.15K | — | — | — | — | — | — | |
| -$4.17M | -$3.03M | -$10.8M | $5.67M | -$1.58M | -$3.63M | -$5.83M | -$6.1M | -$4.82M | -$2.9M | -$15.62M | -$14.26M | -$5.01M | -$4.85M | -$3.88M | -$9.5M | -$471.57K | -$30.75K | |
| — | -17.17% | -62.06% | 32.16% | -7.31% | -27.92% | -71.41% | -53.41% | -39.17% | -10.56% | -48.28% | -112.9% | -179.21% | -290.9% | -492.09% | -2073.24% | -6736.64% | — | |
| — | — | -$10.8M | $5.67M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| USD/shares | — | — | -$0.55 | $0.30 | -$0.10 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| USD/shares | -$0.16 | -$0.16 | -$0.57 | $0.30 | -$0.10 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| shares | — | 19.32M | 19.06M | 18.83M | 18.01M | — | 15.56M | 15.31M | 15.23M | 15.01M | 10.13M | 8.83M | 7.83M | 6.86M | 6.63M | 5.87M | — | — |
| shares | — | 19.32M | 19.06M | 19.49M | 18.01M | — | 15.56M | 15.31M | 15.23M | — | — | — | — | — | — | — | — | — |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Operating lease liabilities | 2026-06-30 | USD 238,982 | 10-Q filed 2026-08-13 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
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Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 11 similar-size Pollution & Treatment Controls companies (of 17 listed).
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Product Revenue | $14,233,056 | $14,481,784 | $17,092,996 | — | — |
| License Revenue | $3,159,375 | $2,808,125 | $387,500 | — | — |
| License | $3,125,000 | $2,773,750 | — | — | — |
| Equipment Revenue | $140,750 | $80,276 | $54,874 | — | — |
| Demonstrations Consulting Revenue | $93,185 | $36,000 | $90,000 | — | — |
| United State | — | — | — | — | $13,012,049 |
| Demonstrations Consulting Revenue | — | — | — | $108,000 | — |
| Equipment Revenue | — | — | — | $216,777 | — |
| License Revenue | — | — | — | $650,938 | — |
| Product Revenue | — | — | — | $20,644,438 | — |