Birchtech Corp.
Business
Birchtech Corp. is a provider of specialty activated carbon technologies for air and water purification. The company delivers patented mercury emissions capture solutions using its SEA® two-part process for coal-fired power plants, and is developing water purification technologies for forever chemicals such as PFAS and PFOS. The company operates primarily in North America through direct sales to utility customers and is expanding into municipal and industrial water treatment markets via Design Centers and planned commercial thermal reactivation plants.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Product revenue | 14 | 14 | — | — | — | |
| License revenue | 3 | 3 | — | — | — | |
| Other revenue | 233,935 | 116,276 | — | — | — | |
| Revenues | 18 | 17 | 18 | 22 | 13 | |
| Cost of sales | −10 | −10 | −12 | — | — | |
| Gross profit | 7 | 7 | 5 | 7 | — | |
| Impairment loss | −50,000 | −43,000 | — | — | — | |
| Research and development expenses | −2 | 0 | — | — | — | |
| Selling, general and administrative expenses (related party of $450,000 and $1,116,064) | −9 | −14 | −14 | 6 | 6 | |
| Total operating expenses | −10 | −14 | −14 | 6 | — | |
| Operating loss | −3 | −7 | −9 | 903,987 | — | |
| Interest expense (related party of $nil and $245,724) | −13,673 | −267,458 | −1 | −2 | 3 | |
| Loss on change in fair value of profit share and unsecured note | 5,926 | −4 | — | — | — | |
| Interest income | 82,103 | 293,524 | 79,301 | — | — | |
| Total other (expense) income | 74,356 | −4 | 15 | −2 | — | |
| Loss before provision for income taxes | −3 | −11 | 6 | −2 | −4 | |
| Income tax benefit (expense) | −70,050 | 289,156 | −473,213 | −18,000 | −23,000 | |
| Net loss | −3 | −11 | — | — | — | |
| Basic and diluted net loss per share | −0.16 | −0.57 | 0.06 | −0.02 | — | |
| Basic | 19 | 19 | 94 | 90 | — | |
| Diluted | 19 | 19 | 97 | 90 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-11-30 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash | 2 | 3 | — | 21 | 2 | |
| Accounts receivable | 2 | 2 | — | 3 | 3 | |
| Inventory | 448,086 | 621,813 | — | 795,164 | 991,131 | |
| Prepaid expenses and other assets | 210,408 | 198,185 | — | 183,621 | 267,393 | |
| Total current assets | 5 | 6 | — | 25 | 6 | |
| Security deposits | 6,615 | 6,615 | — | 5,175 | 10,175 | |
| Deferred offering costs | 481,250 | 0 | — | — | — | |
| Property and equipment, net | 2 | 2 | — | 2 | 2 | |
| Right of use asset - operating lease | 258,986 | 305,142 | 94,942 | 10,639 | 51,563 | |
| Intellectual property, net | 1 | 1 | — | 2 | — | |
| Total assets | 9 | 10 | — | 28 | 9 | |
| Accounts payable and accrued expenses (related party $37,500 and $37,500 at December 31, 2025 and December 31, 2024, respectively) | 4 | 2 | — | 2 | — | |
| Income tax payable | 32,190 | 0 | — | — | — | |
| Current portion of operating lease liability | 51,158 | 42,733 | — | 11,157 | — | |
| Customer credits | 167,000 | 167,000 | — | 167,000 | 167,000 | |
| Accrued salaries | 31,961 | 39,280 | — | 8,936 | 67,478 | |
| Profit share liability - related party | 7 | 7 | — | — | — | |
| Total current liabilities | 11 | 9 | — | 2 | 3 | |
| Operating lease liability, net of current portion | 212,332 | 263,490 | — | 0 | — | |
| Total liabilities | 11 | 9 | — | 28 | 17 | |
| Preferred stock, $0.001 par value: 2,000,000 shares authorized, no shares issued | 0 | 0 | — | 0 | 0 | |
| Common stock, $0.001 par value; 150,000,000 shares authorized, 19,455,966 and 19,235,824 shares issued and outstanding as of December 31, 2025 and December 31, 2024 respectively. | 19,456 | 19,236 | — | 94,360 | 93,088 | |
| Additional paid-in capital | 74 | 74 | — | 62 | 61 | |
| Accumulated deficit | −76 | −73 | — | −62 | −69 | |
| Total stockholders' equity (deficit) | −2 | 1 | — | 60,354 | −7 | |
| Total liabilities and stockholders' equity (deficit) | 9 | 10 | — | 28 | 9 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Stock-based compensation | 119,238 | 1 | 33,782 | 408,034 | 967,967 | |
| Amortization of discount of notes payable | 0 | 241,444 | — | — | — | |
| Amortization of right to use assets | 46,156 | 31,782 | 40,924 | — | — | |
| Amortization of patent rights | 204,600 | 204,600 | 205,534 | — | — | |
| Depreciation expense | 137,541 | 11,702 | — | — | — | |
| Non-cash interest income | −33,006 | −57,191 | — | — | — | |
| Loss on change in fair value of profit share | −5,926 | 4 | — | — | — | |
| Accounts receivable | −243,403 | 1 | — | — | — | |
| Inventory | 173,727 | 173,351 | 195,967 | 84,270 | −515,274 | |
| Prepaid expenses and other assets | −12,223 | −16,004 | 88,772 | −59,030 | −59,841 | |
| Accrued salaries | −7,319 | 30,344 | −58,542 | — | −286,277 | |
| Accounts payable and accrued liabilities | 2 | 144,547 | −1 | 679,124 | 655,755 | |
| Income tax payable | 32,190 | −437,821 | 437,821 | — | — | |
| Operating lease liability | −42,733 | −31,219 | — | — | — | |
| Net cash used in operating activities | −700,110 | −4 | 19 | 70,989 | −205,980 | |
| Purchase of property and equipment | −29,296 | −809,432 | 0 | −10,727 | −10,975 | |
| Net cash used in investing activities | −29,296 | −809,432 | 0 | −10,727 | −10,975 | |
| Deferred offering costs | −481,250 | 0 | — | — | — | |
| Proceeds from exercise of stock options | 0 | 17,500 | 209,500 | 58,333 | 126,250 | |
| Repayment of secured notes payable | 0 | −271,686 | — | — | — | |
| Repayment of unsecured notes payable | 0 | −12 | — | — | — | |
| Net cash used in financing activities | −481,250 | −13 | 209,500 | 55,656 | 602,283 | |
| Net decrease in cash and cash equivalents | −1 | −17 | — | — | — | |
| Interest | 0 | 4,023 | 19,721 | 52,643 | 0 | |
| Income taxes | 52,820 | 143,269 | 0 | 0 | 0 | |
| Capital from related party debt extinguishments | 0 | 11 | 0 | — | — | |
| Recognition of ROU asset and operating lease liability | 0 | 326,285 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Birchtech Corp.'s CIK number?
Birchtech Corp.'s SEC CIK number is 0000728385 (728385). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Birchtech Corp.'s SEC filings?
All of Birchtech Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Birchtech Corp. last report earnings?
Birchtech Corp. (BCHT) most recently filed an earnings 8-K with the SEC on Mar 4, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001477932-25-001435). This is Birchtech Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Birchtech Corp.'s most recent earnings 8-K?
Birchtech Corp.'s latest earnings 8-K (Item 2.02) was filed Mar 4, 2025 under accession 0001477932-25-001435. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Birchtech Corp.'s latest earnings 8-K →
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