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Birchtech (BCHT) AI Stock Analysis
Birchtech
(NYSE MKT:BCHT)
The score is held down primarily by weak financial performance—ongoing losses and negative free cash flow—despite strong recent revenue growth and a currently low-leverage balance sheet. Technical indicators also remain bearish with the stock below all major moving averages and negative MACD. The earnings call provides some offset through improved cash, no debt, and a clearer commercialization plan, but near-term losses, rising expenses, and uncertainty around judgment collection keep risk elevated.
Birchtech (BCHT) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $28.94M
- Dividend Yield
- ―
- Average Volume (3M)
- 90.39K
- Price to Earnings (P/E)
- -6.8
- Beta (1Y)
- 0.36
- Revenue Growth
- 13.08%
- EPS Growth
- 39.68%
- Country
- US
- Employees
- 15
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Industrial - Pollution & Treatment Controls
Birchtech Business Overview & Revenue Model
Company Description
Birchtech Corp. operates as an environmental technology and services company, specializing in crafting and delivering innovative solutions for the energy sector, both within the United States and globally. A core offering includes its advanced mercur...
Birchtech Earnings Call Summary
The call balanced meaningful strategic and operational progress (decisive IP resolution, a stronger cash position, product launches and a significant carbon rejuvenation technical milestone) against near‑term financial headwinds (widening net loss, larger adjusted EBITDA loss, and elevated one‑time and operating expenses). The company shows improved liquidity and a clearer commercial roadmap for water, but commercialization and judgment collectability remain conditional and the current operating results reflect elevated investment and legal costs.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided that they expect air product‑supply revenues to increase starting in H2 2026 (anticipating 2026 air supply to be meaningfully higher than 2025) and that cash from the mature air business will be redeployed to scale the water division, advance offtake agreements and bring a carbon‑rejuvenation facility online (material updates expected in Q3 and potentially by end‑September, with some offtake work hoped to convert to revenue by year‑end); Q2 results were $3.8M revenue (air $3.4M), ~27% gross margin and $1.0M gross profit, SG&A $2.1M, R&D $0.6M, other expenses $1.4M, net loss $3.0M ($0.11/share), Adjusted EBITDA loss $1.9M, cash $11.8M and no debt as of June 30, 2026, liabilities include a $7.3M profit‑share payable upon collection of a $78M+ final judgment (post‑judgment interest accruing), the company has received ~ $37M in license fees/settlements to date, and the SEA‑IX resin line targets an estimated $200M+ addressable market.
Birchtech Financial Statement Overview
Summary
Revenue is up strongly TTM, but fundamentals remain weak with negative profitability (EBIT margin -14.1%, net margin -21.7%) and meaningful cash burn (operating cash flow -$3.7M; free cash flow -$3.8M). The balance sheet is currently conservatively levered (debt-to-equity ~0.03) with meaningful equity, but historical volatility (including periods of negative equity) and still-poor returns (ROE about -1.01) reduce confidence in durability.
Income Statement
34NegativeBalance Sheet
56NeutralCash Flow
28Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.18M | 17.63M | 17.41M | 17.63M | 21.62M | 13.01M |
| Gross Profit | 7.39M | 7.22M | 7.10M | 5.45M | 7.02M | 5.07M |
| EBITDA | -2.28M | -2.55M | -10.58M | 7.76M | 561.78K | -112.96K |
| Net Income | -4.17M | -3.03M | -10.80M | 5.67M | -1.58M | -3.63M |
Balance Sheet | ||||||
| Total Assets | 19.41M | 9.24M | 10.26M | 28.31M | 9.34M | 8.13M |
| Cash, Cash Equivalents and Short-Term Investments | 11.84M | 2.25M | 3.46M | 20.94M | 1.50M | 1.39M |
| Total Debt | 238.98K | 263.49K | 306.22K | 11.23M | 9.94M | 12.54M |
| Total Liabilities | 11.26M | 10.95M | 9.07M | 28.25M | 16.76M | 18.37M |
| Stockholders Equity | 8.15M | -1.71M | 1.19M | 60.35K | -7.42M | -10.24M |
Cash Flow | ||||||
| Free Cash Flow | -3.85M | -729.41K | -4.91M | 19.23M | 60.26K | 195.00K |
| Operating Cash Flow | -3.71M | -700.11K | -4.11M | 19.23M | 70.99K | 205.98K |
| Investing Cash Flow | -135.22K | -29.30K | -809.43K | 0 | -10.73K | -10.97K |
| Financing Cash Flow | 14.23M | -481.25K | -12.57M | 209.50K | 55.66K | 602.28K |
Birchtech Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BCHT, the sentiment is Negative. The current price of 1.10 is below the 20-day moving average (MA) of 1.23, below the 50-day MA of 1.35, and below the 200-day MA of 1.86, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 35.09 is Neutral, neither overbought nor oversold. The STOCH value of 12.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BCHT.
Birchtech Risk Analysis
Birchtech disclosed 18 risk factors in its most recent earnings report. Birchtech reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksBirchtech Peers Comparison
Overall Rating
ERII66Neutral
CECO53Neutral
FTEK48Neutral- BCHT46Neutral
LIQT44Neutral
CLIR42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ERII | 66Neutral | $365.99M | 14.06 | 8.25% | ― | -14.95% | -31.61% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| CECO | 53Neutral | $2.94B | -98.81 | -3.60% | ― | 37.64% | -145.85% |
| FTEK | 48Neutral | $44.33M | -11.01 | -10.59% | ― | 15.28% | -32.86% |
| BCHT | 46Neutral | $29.46M | -6.81 | -101.27% | ― | 13.08% | 39.68% |
| LIQT | 44Neutral | $10.22M | -0.37 | -68.70% | ― | -0.17% | 37.55% |
| CLIR | 42Neutral | $16.54M | -2.64 | -58.08% | ― | 82.74% | 17.79% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| BCHT | Birchtech Corp. | 1.10 | -2.40 | -68.57% | |
| CECO | Ceco Environmental Corp. | 45.40 | -7.90 | -14.82% | |
| ERII | Energy Recovery | 7.17 | -6.80 | -48.69% | |
| FTEK | Fuel Tech Inc | 1.44 | -0.67 | -31.75% | |
| CLIR | ClearSign Combustion | 2.42 | -6.88 | -73.92% | |
| LIQT | Liqtech International | 0.32 | -1.93 | -85.94% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 04, 2026