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Stocks · Technology · Measuring & Controlling Devices, NEC

Birchtech Corp.

BCHT Clue Score34
United States Fiscal year ends December CIK 0000728385
$1.39 -3.47% Close, 9 Oct 2026
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Price $1.39 +53.76% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue32.3Operating income2.1Net income−15.6Fiscal year 2017Revenue27.5 −15.0%Operating income0.0Net income−2.9Fiscal year 2018Revenue12.3 −55.3%Operating income2.8Net income−4.8Fiscal year 2019Revenue11.4 −7.1%Net income−6.1Fiscal year 2020Revenue8.2 −28.5%Net income−5.8Fiscal year 2021Revenue13.0 +59.5%Net income−3.6Fiscal year 2022Revenue21.6 +66.2%Operating income0.9Net income−1.6EPS, diluted−0.02Fiscal year 2023Revenue17.6 −18.5%Operating income−9.0Net income5.7EPS, diluted0.06Fiscal year 2024Revenue17.4 −1.2%Operating income−7.2Net income−10.8 −290.6%EPS, diluted−0.57Fiscal year 2025Revenue17.6 +1.3%Operating income−3.0Net income−3.0EPS, diluted−0.16
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 32.3 27.5 12.3 11.4 8.2 13.0 21.6 17.6 17.4 17.6
Growth −15.0% −55.3% −7.1% −28.5% +59.5% +66.2% −18.5% −1.2% +1.3%
Operating income 2.1 0.0 2.8 n/a n/a n/a 0.9 −9.0 −7.2 −3.0
Net income −15.6 −2.9 −4.8 −6.1 −5.8 −3.6 −1.6 5.7 −10.8 −3.0
Growth −290.6%
EPS, diluted n/a n/a n/a n/a n/a n/a −0.02 0.06 −0.57 −0.16

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin6.4%Net margin−48.3%Fiscal year 2017Operating margin0.0%Net margin−10.6%Fiscal year 2018Operating margin22.8%Net margin−39.2%Fiscal year 2019Net margin−53.4%Fiscal year 2020Net margin−71.4%Free cash flow margin−15.2%Fiscal year 2021Net margin−27.9%Free cash flow margin−1.7%Fiscal year 2022Gross margin32.5%Operating margin4.2%Net margin−7.3%Free cash flow margin0.3%Fiscal year 2023Gross margin30.9%Operating margin−50.9%Net margin32.2%Free cash flow margin109.1%Fiscal year 2024Gross margin40.8%Operating margin−41.1%Net margin−62.1%Free cash flow margin−28.2%Fiscal year 2025Gross margin42.0%Operating margin−17.2%Net margin−17.2%Free cash flow margin−4.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a n/a n/a n/a 32.5% 30.9% 40.8% 42.0%
Operating margin 6.4% 0.0% 22.8% n/a n/a n/a 4.2% −50.9% −41.1% −17.2%
Net margin −48.3% −10.6% −39.2% −53.4% −71.4% −27.9% −7.3% 32.2% −62.1% −17.2%
Free cash flow margin n/a n/a n/a n/a −15.2% −1.7% 0.3% 109.1% −28.2% −4.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow3.2Fiscal year 2017Operating cash flow−0.5Fiscal year 2018Operating cash flow−1.1Fiscal year 2019Operating cash flow−1.6Fiscal year 2020Operating cash flow−1.2Capital expenditure0.0Free cash flow−1.2Fiscal year 2021Operating cash flow−0.2Capital expenditure−0.0Free cash flow−0.2Fiscal year 2022Operating cash flow0.1Capital expenditure−0.0Free cash flow0.1Fiscal year 2023Operating cash flow19.2Capital expenditure0.0Free cash flow19.2 +31,804.1%Fiscal year 2024Operating cash flow−4.1Capital expenditure−0.8Free cash flow−4.9 −125.6%Fiscal year 2025Operating cash flow−0.7Capital expenditure−0.0Free cash flow−0.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 3.2 −0.5 −1.1 −1.6 −1.2 −0.2 0.1 19.2 −4.1 −0.7
Capital expenditure n/a n/a n/a n/a 0.0 −0.0 −0.0 0.0 −0.8 −0.0
Free cash flow n/a n/a n/a n/a −1.2 −0.2 0.1 19.2 −4.9 −0.7
Growth +31,804.1% −125.6%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash7.8Shareholders’ equity−3.7Fiscal year 2017Cash2.4Shareholders’ equity−4.4Fiscal year 2018Cash0.6Shareholders’ equity−8.6Fiscal year 2019Cash1.5Shareholders’ equity−8.9Fiscal year 2020Cash0.6Shareholders’ equity−13.2Fiscal year 2021Cash1.4Shareholders’ equity−10.2Fiscal year 2022Cash1.5Shareholders’ equity−7.4Fiscal year 2023Cash20.9Shareholders’ equity0.1Fiscal year 2024Cash3.5Shareholders’ equity1.2Fiscal year 2025Cash2.2Shareholders’ equity−1.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 7.8 2.4 0.6 1.5 0.6 1.4 1.5 20.9 3.5 2.2
Shareholders’ equity −3.7 −4.4 −8.6 −8.9 −13.2 −10.2 −7.4 0.1 1.2 −1.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a n/a n/a n/a 32.5% 30.9% 40.8% 42.0%
6.4% 0.0% 22.8% n/a n/a n/a 4.2% −50.9% −41.1% −17.2%
n/a n/a −39.0% −53.3% −71.3% −27.7% −7.2% 34.8% −63.7% −16.8%
−48.3% −10.6% −39.2% −53.4% −71.4% −27.9% −7.3% 32.2% −62.1% −17.2%
n/a n/a n/a n/a −15.2% −1.7% 0.3% 109.1% −28.2% −4.1%
Spending
n/a n/a n/a n/a n/a n/a n/a n/a 0.0% 10.2%
22.4% 30.8% 47.9% 56.3% 72.8% 45.6% 28.3% 80.6% 81.7% 48.7%
n/a n/a n/a n/a 0.0% 0.1% 0.0% 0.0% 4.7% 0.2%
n/a n/a n/a n/a n/a n/a n/a 7.7% n/a n/a
Returns
n/a n/a n/a n/a n/a n/a n/a 9,391.8% −906.3% n/a
−98.4% −24.1% −59.9% −65.8% −79.0% −44.7% −16.9% 20.0% −105.3% −32.8%
Balance and payout
131.3% 136.7% 207.2% 195.7% 279.0% 225.9% 179.4% 99.8% 88.4% 118.6%