Birchtech Reports Third Quarter 2025 Financial Results
Executive Summary
- Birchtech Corp. reported Q3 2025 revenue of $7.4 M, a 41% increase year‑over‑year, and net income of $0.8 M versus a loss in the prior year.
- The company secured four new air‑business licensing agreements with coal‑fired utilities and commercialized its water‑treatment solutions, generating ~$0.9 M of purchase orders.
- Management highlighted progress toward profitability, ongoing litigation judgment expectations (up to $160 M), and expanded collaborations for water‑utility testing.
Key Details
- Financial Performance
- Revenue: $7.4 M (↑41% YoY).
- Gross profit: $4.0 M (54.8% of revenue, up from $1.6 M).
- SG&A expenses: ~$2.7 M (flat YoY).
- R&D expenses: $0.5 M (vs. $0 in prior year quarter).
- Net income: $0.8 M ($0.01 per diluted share), reversing a $0.5 M loss YoY.
- Adjusted EBITDA: $1.0 M (↑$1.5 M YoY).
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Cash balance: $1.8 M as of Sep‑30‑2025 (down from $3.5 M at year‑end 2024).
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Licensing & Commercial Agreements
- Four non‑exclusive air‑business licensing agreements with large regional coal‑fired utilities, including two utilities previously involved in litigation.
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Potential to convert these licenses into long‑term product supply contracts.
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Water‑Treatment Business Milestones
- First commercialization: purchase orders totaling ~$0.9 M from a mid‑Atlantic power utility for filtration media replacement services.
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Collaboration with Civil & Environmental Consultants to provide Rapid Scale Column Testing (RSSCT) for hundreds of water‑utility clients nationwide.
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Litigation Update
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Pending final judgment on a $57 M patent infringement verdict; counsel seeks $160 M including enhancements, interest, and legal fees.
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Investor Relations
- Earnings conference call scheduled for Nov 13 2025 at 5:00 p.m. ET (dial‑in details provided).
- Call replay available through Dec 4 2025; webcast replay for one year.
Notable Quotes
“The third quarter marked a clear transition point towards profitability… our air business remains the backbone of our operations, generating consistent, high‑margin revenue while expanding through new licensing agreements.” – Richard MacPherson, CEO
“We achieved a major milestone with the first commercialization of our water treatment solutions, supported by approximately $0.9 M in purchase orders…” – Richard MacPherson, CEO