Birchtech Reports Third Quarter 2026 Financial Results

Richard MacPherson, President and Chief Executive Officer of Birchtech

“Our third quarter results reflect the underlying strength of our core business. Product revenues grew 15.7% year-over-year to $5.5 million, driven by stronger demand in our mercury emissions business and sales to the water treatment market, while SG&A expenses declined 35% largely reflecting significantly lower legal costs associated with prior-year licensing activity.”

Richard MacPherson, President and Chief Executive Officer of Birchtech

“In October, we filed our appellee brief with the Federal Circuit, which details the evidence and the law supporting the jury’s findings on inducement, contributory infringement and damages and asks the court to affirm the approximately $78 million final judgment in full. The appeal does not pause the accrual of post-judgment interest, and we remain committed to collecting the judgment in full while continuing to turn former users of our patented SEA® technology into licensed, long-term product supply customers.”

Richard MacPherson, President and Chief Executive Officer of Birchtech

“In water, we continued to build the commercial foundation required to scale. Our ongoing efforts to develop our first Carbon Rejuvenation® reactivation facility advanced during the quarter, and we believe this capacity will offer utilities a more affordable and sustainable path to PFAS compliance. Our new GAC agreement with an industry partner should accelerate the growth of our water business, and give us a faster path to revenue starting in early 2027, with no capital spending on our part to establish an initial supply. Combined with the expanded capabilities of our Analytical Design Centers, which help smaller systems identify the most cost-effective path to compliance before committing capital, these steps should strengthen our ability to support utilities from initial testing through treatment and media reuse.”

Richard MacPherson, President and Chief Executive Officer of Birchtech

“Looking ahead, our priorities as we close out 2026 and move into 2027 are clear: convert licensed coal-fired utilities into recurring SEA® supply customers, advance offtake discussions with prospective utility partners for our first planned Carbon Rejuvenation® facility, and expand our presence across the water treatment market through our Design Centers. With $10.8 million in cash and no debt, we have the financial flexibility to execute on these priorities, while our air business continues to serve as a self-funding engine for the growth of our water platform.”