1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Valuation
Discussion
Symbol
BCHT
Event Date
2026-02-26
Sector
Information Technology
Subsector
Electronic Equipment, Instruments & Components
Offer Range
—
Shares Offered
4.82M
26.31M
$61.7M
Implied Upside vs Midpoint
Description
Note: This is NOT an IPO. This is a public offering – an uplisting to the NYSE-American Exchange from the OTC Market. Our stock is traded on the Toronto Stock Exchange (TSX) under the symbol “BCHT” and it is quoted on the OTCQB market tier operated by the OTC Markets Group Inc. under the symbol “BCHT” – according to the prospectus. On Feb. 11, 2026, the last reported sale price of Birchtech’s common stock on the OTCQB was $3.36. (Incorporated in Delaware)
Birchtech Corp. annual income statement and balance sheet, FY 2023 to FY 2025, as reported in SEC filings.
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | $17.6M | $17.4M | $17.6M |
| Gross profit | $5.5M | $7.1M | $7.4M |
| Operating income | ($9.0M) | ($7.2M) | ($3.0M) |
| Net income | $5.7M | ($10.8M) | ($3.0M) |
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total assets | $28.3M | $10.3M | $9.2M |
| Total liabilities | $28.3M | $9.1M | $11.0M |
| Total equity | $60.4K | $1.2M | ($1.7M) |
| Cash & equivalents | $20.9M | $3.5M | $2.2M |