MeritValue

AMERICAN BATTERY MATERIALS, INC.

BLTHdata completeness 75%16 fiscal years on file

Data notes: no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'dividendsPaid'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue—————
Net income$1.76M1−$1.49M2−$2.38M3−$4.31M4−$6.41M4
Operating cash flow−$392,4455−$910,7096−$2.28M7−$750,3118−$499,4168
Capital expenditure—————
Free cash flow (derived)—————
Total debt$6.15M9$357,00810$2.47M11$5.55M12$8.31M13
Cash & equivalents$8,29114$42,58215$7,37615$12,89616$3,48016
Diluted shares374.4M1.1M2.2M2.4M2.8M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$36.69
your share of equity
Profit it earned you last year
−$22.85
Free cash flow it threw off
—
Debt you’d be carrying
$29.62

10 shares is a claim on −$36.69 of net worth that earned you −$22.85 last year, against $29.62 of debt.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
−99% shares · 5y

Share count is down 99% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has risen 35% over the same window.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.5.0
DCF · Growth Exit 10Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001213900-23-031453 (NetIncomeLoss)
  2. 10-K · period ending 2022-12-31 · accession 0001213900-24-028635 (NetIncomeLoss)
  3. 10-K · period ending 2023-12-31 · accession 0001641172-25-000535 (NetIncomeLoss)
  4. 10-K · period ending 2024-12-31 · accession 0001493152-26-011615 (NetIncomeLoss)
  5. 10-K · period ending 2021-12-31 · accession 0001213900-23-031453 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2022-12-31 · accession 0001213900-24-028635 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2023-12-31 · accession 0001641172-25-000535 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2024-12-31 · accession 0001493152-26-011615 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2021-12-31 · accession 0001213900-22-016728 (LongTermDebtCurrent)
  10. 10-K · period ending 2022-12-31 · accession 0001213900-23-031453 (LongTermDebtCurrent)
  11. 10-K · period ending 2023-12-31 · accession 0001213900-24-028635 (LongTermDebt)
  12. 10-K · period ending 2024-12-31 · accession 0001641172-25-000535 (LongTermDebt)
  13. 10-K · period ending 2025-12-31 · accession 0001493152-26-011615 (LongTermDebt)
  14. 10-K · period ending 2021-12-31 · accession 0001213900-23-031453 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2022-12-31 · accession 0001213900-24-028635 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2024-12-31 · accession 0001493152-26-011615 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)