Event-Driven Stocks

Birchtech Corp.

BCHTNYSE

Industrials · Measuring & Controlling Devices, NEC · DE · SEC filings ↗ · Compare ⊕

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Signs● 3 good● 4 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$17.6M$17.4M$17.6M$21.6M$13.0M$8.2M
Operating income−$3.0M−$7.2M−$9.0M$903,987——
Net income−$3.0M−$10.8M$5.7M−$1.6M−$3.6M−$5.8M
Total assets$9.2M$10.3M$28.3M$9.3M$8.1M$7.4M
Total liabilities$11.0M$9.1M$28.3M$16.8M$18.4M$20.6M
Equity−$1.7M$1.2M$60,354−$7.4M−$10.2M−$13.2M
EPS (diluted)$-0.16$-0.57$0.06$-0.02——
Shares out.96.2M94.4M94.2M89.1M83.7M77.7M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−17.2%
Net margin
−17.2%
Return on equity
176.5%
Return on assets
−32.8%
Return on capital (ROCE)
—
Liabilities / assets
118.6%
Debt / equity
—
Book value / share
$-0.02
Revenue growth (YoY)
1.3%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-33.19distress
Accruals / assets
−25.2%clean
Beneish M-Score
-3.58normal
Piotroski F-Score
4/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
45
/ 100
Profitability 25Growth 100Catalyst 33Earnings quality 67Financial strength 0

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 3 severe● 4 warning● 3 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • Strong return on equity (>15%)
  • Revenue is growing year-over-year
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 202645,1631.0+14.7%
Apr 30, 202639,3711.0+54.1%
Apr 15, 202625,5491.0+626.6%
Mar 31, 20263,5161.0-65.5%
Mar 13, 202610,1821.0-66.1%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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