The company reported a 2025Q4 gross margin of 33.0% on $2.7M in revenue, marking a departure from previous zero-revenue quarters that warrants further investigation into contract sustainability.
| Metric | Jul'25 | Jul'24 | Jul'23 | Jul'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 884.93K | 686.84K | 464.11K | 550.46K | 1.22M | 4.37M | 2.36M | 6.08M | 0 | 0 | 0 | 3.29M | 0 | 7.1M | -7.14M | -2.76M | 633.34K | -16.16M | -12.22M | -11.59M | -17.68M |
| Gross Margin % | 32.98% | 32.33% | 22.29% | 22.91% | 79.72% | 90.24% | 90.63% | 91.87% | - | - | - | 90.32% | - | 99.76% | -175.47% | -27.37% | 64.45% | -22139.72% | -50916.67% | -36212.5% | -19866.29% |
| Gross Profit Growth % | 28.84% | 47.99% | -15.69% | -54.75% | -72.14% | 84.92% | -61.17% | - | - | - | -100% | - | -100% | 199.47% | -158.44% | -536.1% | 103.92% | -32.26% | -5.45% | 34.46% | - |
| Operating Expenses | 658.88K | 568.17K | 418.3K | 601.4K | 10.57M | 11.72M | 10.24M | 14.34M | 14.3M | 10.35M | 8.07M | 6.77M | 11.27M | 15.47M | 3.37M | 3.26M | 1.38M | 467K | 6.21M | 4.86M | 5.37M |
| OpEx % of Revenue | 24.56% | 26.74% | 20.09% | 25.03% | 692.69% | 242.19% | 392.97% | 216.74% | 6651.16% | 68.67% | 483.06% | 185.63% | 107.48% | 217.37% | 82.79% | 32.33% | 140.54% | 639.73% | 25887.5% | 15184.38% | 6033.71% |
| Selling, General & Admin | 658.88K | 568.17K | 418.3K | 601.4K | 4.88M | 5.8M | 5.16M | 6.87M | 4.65M | 4.22M | 3.4M | 2.69M | 2.96M | 4.86M | 3.37M | 3.26M | 538.64K | 467K | 0 | 0 | 5.37M |
| SG&A % of Revenue | 24.56% | 26.74% | 20.09% | 25.03% | 319.69% | 119.9% | 197.97% | 103.75% | 2163.72% | 28.01% | 203.29% | 73.86% | 28.2% | 68.29% | 82.79% | 32.33% | 54.81% | 639.73% | - | - | 6033.71% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 226.05K | 118.66K | 45.81K | -50.94K | -9.35M | -7.35M | -7.88M | -8.26M | -14.5M | 4.34M | -6.76M | -3.48M | -891K | -8.37M | -10.51M | -6.03M | -1.1M | -467K | -18.43M | -16.45M | -23.05M |
| Operating Margin % | 8.42% | 5.59% | 2.2% | -2.12% | -612.98% | -151.94% | -302.34% | -124.87% | -6745.12% | 28.83% | -404.49% | -95.31% | -8.5% | -117.61% | -258.26% | -59.69% | -111.65% | -639.73% | -76804.17% | -51396.88% | -25900% |
| Operating Income Growth % | 90.5% | 159.03% | 189.92% | 99.46% | -27.25% | 6.67% | 4.7% | 43.01% | -433.92% | 164.26% | -94.5% | -290.01% | 89.35% | 20.33% | -74.37% | -449.11% | -134.95% | 97.47% | -12.08% | 28.65% | - |
| EBITDA | 288.8K | 154.33K | 91.55K | -6.16K | -9.13M | -7.06M | -7.63M | -7.88M | -14.09M | 4.72M | -6.4M | -3.12M | -784K | -8.35M | -10.47M | -5.94M | -928.24K | -254K | -18.14M | -16.06M | -22.65M |
| EBITDA Margin % | 10.76% | 7.26% | 4.4% | -0.26% | -598.49% | -145.91% | -292.97% | -119.13% | -6551.16% | 31.33% | -383.06% | -85.63% | -7.48% | -117.37% | -257.47% | -58.85% | -94.45% | -347.95% | -75604.17% | -50181.25% | -25444.94% |
| EBITDA Growth % | 87.13% | 68.58% | 1586.41% | 99.93% | -29.38% | 7.51% | 3.2% | 44.03% | -398.41% | 173.74% | -105.03% | -298.21% | 90.61% | 20.25% | -76.33% | -539.92% | -265.45% | 98.6% | -13% | 29.09% | - |
| D&A (Non-Cash Add-back) | 62.75K | 35.67K | 45.74K | 44.78K | 221K | 292K | 244K | 380K | 417K | 377K | 358K | 353K | 107K | 17K | 32K | 85K | 169K | 213K | 288K | 389K | 405K |
| EBIT | 223.82K | 201.56K | 61.6K | -17.67K | -8.78M | -6.64M | -6.52M | -8.14M | -13.94M | 5.13M | -11.28M | -2.4M | 11.28M | -10.32M | -8.77M | -6.16M | -5.88M | -25.43M | -17.65M | -15.74M | -22.46M |
| Net Interest Income | 7.5K | -33.95K | -40.53K | -68.88K | 1K | -769K | -967K | -887K | -369K | 37K | 0 | 0 | -1.57M | -4.86M | -6.43M | -678K | -6K | 470K | 646K | 717K | 570K |
| Interest Income | 21.41K | 14.38K | 9.39K | 0 | 1K | 0 | 0 | 0 | 0 | 37K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 470K | 646K | 717K | 570K |
| Interest Expense | 13.9K | 48.33K | 49.91K | 68.88K | - | 769K | 967K | 887K | 369K | 0 | 0 | 0 | 1.57M | 4.86M | 6.43M | 678K | 6K | 0 | 0 | 0 | 0 |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 209.91K | 153.23K | 11.69K | -86.56K | -8.78M | -7.41M | -7.49M | -9.02M | -14.31M | 5.13M | -11.28M | -2.4M | 9.71M | -15.18M | -15.2M | -6.83M | -720.53K | -173.28K | -17.65M | -15.74M | -22.46M |
| Pretax Margin % | 7.82% | 7.21% | 0.56% | -3.6% | -575.1% | -153.1% | -287.52% | -136.34% | -6654.42% | 34.09% | -674.99% | -65.91% | 92.65% | -213.29% | -373.72% | -67.71% | -73.32% | -237.38% | -73529.17% | -49178.13% | -25238.2% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 209.91K | 153.23K | 11.69K | -86.56K | -8.78M | -18.24M | -16.46M | -9.02M | -14.31M | 5.13M | -11.28M | -2.4M | 9.71M | -15.18M | -15.2M | -5.59M | -720.53K | -173.28K | -1.57M | -3.64M | -22.46M |
| Net Margin % | 7.82% | 7.21% | 0.56% | -3.6% | -575.1% | -377.06% | -631.78% | -136.34% | -6654.42% | 34.09% | -674.99% | -65.91% | 92.65% | -213.29% | -373.72% | -55.41% | -73.32% | -237.38% | -6552.33% | -11374.74% | -25238.2% |
| Net Income Growth % | 36.99% | 1211.2% | 113.5% | 99.01% | 51.89% | -10.84% | -82.4% | 36.93% | -378.62% | 145.53% | -369.37% | -124.75% | 163.97% | 0.15% | -171.82% | -676.24% | -315.8% | 88.98% | 56.8% | 83.8% | - |
| Net Income (Continuing) | 209.91K | 153.23K | 11.69K | -86.56K | -8.78M | -7.41M | -7.49M | -9.02M | -14.31M | 5.13M | -11.28M | -2.4M | 9.71M | -15.18M | -15.2M | -6.83M | -720.53K | -173.28K | -17.65M | -15.74M | -22.46M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | -10.84M | -8.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.24M |
| EPS (Diluted) | -2937.35 | 0.02 | 0.00 | -0.01 | -18.04 | -96.70 | -12891.00 | -995.98 | -2520.00 | 720.00 | -2016.00 | -792.00 | 1980.00 | -4554.00 | -5148.00 | -1782.00 | -0.05 | -0.02 | -8118.00 | -0.59 | -13662.00 |
| EPS Growth % | -13790475.59% | - | 113.33% | 99.93% | 81.34% | 99.25% | -1194.3% | 60.48% | -450% | 135.71% | -154.55% | -140% | 143.48% | 11.54% | -188.89% | -3563900% | -150% | 100% | -1375832.2% | 100% | - |
| EPS (Basic) | -2937.35 | 0.02 | 0.00 | -0.01 | -18.04 | -96.70 | -12891.00 | -981.86 | -2412.00 | 900.00 | -2016.00 | -594.00 | 2376.00 | -4554.00 | -5148.00 | -1782.00 | -0.05 | -0.02 | -8118.00 | -0.59 | -13662.00 |
| Diluted Shares Outstanding | 846 | 7.21M | 7.21M | 7.21M | 486.5K | 188.65K | 1.28K | 9.48K | 5.9K | 5.96K | 5.57K | 4.74K | 4.17K | 3.36K | 3K | 2.99K | 15.85M | 10.11M | 2.17K | 6.16M | 1.65K |
| Basic Shares Outstanding | 846 | 7.21M | 7.21M | 7.21M | 486.5K | 188.65K | 1.28K | 9.48K | 5.89K | 5.76K | 5.57K | 4.74K | 4.15K | 3.36K | 3K | 2.99K | 15.85M | 10.11M | 2.17K | 6.16M | 1.65K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Liquidity and Integration Uncertainty
According to the most recent quarterly data, Black Titan Corporation reported revenue of $2.7M in 2025Q4, marking a significant departure from the zero-revenue periods observed earlier in the year, suggesting that the post-merger entity is beginning to realize its initial commercialization objectives.
The jump in revenue suggests that the integration of TalenTec's engineering services is providing a necessary, albeit volatile, top-line foundation. Investors should monitor whether this growth is sustainable or merely a reflection of one-time contract recognition following the July 2024 merger.
As indicated by the 2025Q4 financial statements, the company achieved a gross margin of 32.98%, which highlights the inherent difficulty in scaling a hybrid pharmaceutical and engineering business model while managing fluctuating costs across disparate operational jurisdictions.
The margin profile appears highly sensitive to the mix of service-based engineering versus potential pharmaceutical milestones. The lack of consistent gross margin data in prior quarters suggests that the company's cost structure has not yet reached a steady state, warranting caution regarding future profitability projections.
Based on the 2025Q4 income statement, the reported net income of $1.8B appears heavily influenced by non-operating adjustments or accounting anomalies, as this figure stands in stark contrast to the company's historical pattern of consistent quarterly net losses.
The massive swing in net income suggests that investors should look past the headline EPS of 0.80 and focus on core operating performance. The presence of significant stock-based compensation and potential one-time gains warrants further investigation into the sustainability of these earnings.
As reported in recent filings, the company's SG&A expenses reached $1.8B in 2025Q4, a figure that appears disproportionately high relative to the $2.7M in quarterly revenue, indicating that corporate overhead and integration costs remain a primary drag on the bottom line.
The erratic nature of SG&A spending suggests that management is currently prioritizing integration and administrative scaling over immediate cost discipline. This high expense base may indicate that the company is still in a heavy investment phase, which could continue to pressure operating margins in the near term.
Based on the provided financial data, the sudden emergence of $2.7M in revenue following multiple quarters of zero activity raises questions about the quality and recurring nature of the company's current contract backlog.
Short-term revenue spikes in newly merged entities often mask underlying operational weaknesses or reliance on non-recurring project work. Investors should monitor whether the company can maintain this revenue level without further dilutive capital raises, given the current cash constraints.
Quick answers to the most common questions about buying BTTC stock.
Black Titan Corporation (BTTC) is profitable, generating $0.2M in net income for the fiscal year ending 2025 with a net profit margin of 7.8%.
Black Titan Corporation (BTTC) reported an operating income of $0.2M, resulting in an operating profit margin of 8.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Black Titan Corporation (BTTC) generated $0.9M in gross profit for the year, representing a gross profit margin of 33.0%. This demonstrates the company's core pricing power and production efficiency.