BCHT · Birchtech Corp.
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”
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -$1.9M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net loss -$3.02M
+$110K Depreciation and amortization
+$750K Contingent license and settlement fee
+$258K Change in fair value of profit share
+$0K Income taxes
+$0K Stock based compensation
= Adjusted EBITDA -$1.9M
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Pollution & Treatment Controls — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BCHT
this stock
Birchtech Corp.
|
$38.93M | -61.3% | +1.3% | — | 0.3% |
|
VLTO
Veralto Corp
|
$23.51B | -4.1% | +6.0% | 24.7 | 2.7% |
|
ZWS
Zurn Elkay Water Solutions Corp
|
$7.75B | 0.0% | +19.4% | 37.5 | 2.9% |
|
CECO
Ceco Environmental Corp
|
$4.14B | +18.9% | +38.8% | — | 3.4% |
|
ORCRY
Organo Corporation/ADR
|
$1.41B | — | — | — | — |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BCHT | +3.6% | +8.2% | -13.7% | +3.6% | -61.3% |
| SPY | +1.9% | +1.9% | +10.8% | +1.9% | +14.0% |
| vs SPY | +1.7% | +6.3% | -24.5% | +1.7% | -75.3% |