EMAT revenueQ2 2026$1.64M
- QoQ
- -12.9%
EMAT revenue was $1.64M in fiscal Q2 2026 (ended Jun 30, 2026), down 12.9% from the prior quarter.
Evolution Metals & Technologies Corp. (EMAT) financials
For the twelve months ended Jun 30, 2026, Evolution Metals & Technologies Corp. reported -$452.97M of net income.
- Net income, TTM
- -$452.97M
- Cash
- $5.25M
- Total debt
- $3.56M
- Market cap
- $1.38B
FY2022FY2025
EMAT revenue and earnings growth
EMAT net incomeQ2 2026-$11.91M
EMAT net income was -$11.91M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$40.89M a year earlier. For the full fiscal 2025 it was -$1.79M, compared with -$899.9K in fiscal 2024.
EMAT EPSQ2 2026-$0.02
EMAT diluted EPS was -$0.02 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.09 a year earlier.
EMAT free cash flowQ2 2026-$16.96M
EMAT free cash flow was -$16.96M in fiscal Q2 2026 (ended Jun 30, 2026).
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Selling, general and admin | $1.95M | $1.43M | $2.02M | $3.13M |
| Operating income | -$2.04M | -$1.58M | -$2.22M | - |
| Pre-tax income | -$1.75M | -$774.0K | -$54.3K | - |
| Income tax | $38.7K | $126.0K | - | $180.7K |
| Net income | -$1.79M | -$899.9K | -$54.3K | -$2.39M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Cash and equivalents | $11.69M | $2.62M | $168.2K | $523.1K |
| Current assets | $13.23M | $15.3K | $7.6K | $334.9K |
| Total assets | $22.49M | $12.27M | $23.94M | $80.19M |
| Current liabilities | $677.36M | $8.23M | $6.65M | $3.91M |
| Total liabilities | $677.36M | $10.93M | $9.35M | $6.62M |
| Shareholders' equity | -$654.87M | -$51.00M | -$9.27M | -$5.94M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | -$1.33M | -$1.46M | -$1.35M | -$976.3K |
| Investing cash flow | $6.07M | $12.32M | $58.04M | -$3.52M |
| Financing cash flow | -$4.74M | -$11.03M | -$57.05M | $3.82M |
| Share repurchases | - | $12.22M | $58.35M | - |
Key ratios
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.64M | $1.88M | - | - | - | - | - | - | - | - | - | - |
| Cost of revenue | $1.75M | $1.43M | - | - | - | - | - | - | - | - | - | - |
| Gross profit | -$115.0K | $445.0K | - | - | - | - | - | - | - | - | - | - |
| Selling, general and admin | $12.07M | $16.10M | $338.4K | $472.2K | $2.90M | $2.80M | $670.1K | $215.1K | $277.7K | $272.0K | $301.3K | $544.4K |
| Operating income | -$12.19M | -$15.65M | -$362.8K | -$467.0K | -$2.90M | -$2.80M | -$707.7K | -$225.5K | -$327.7K | -$322.0K | -$328.5K | -$605.5K |
| Interest expense | $835.0K | $768.0K | - | - | - | - | - | - | - | - | - | - |
| Pre-tax income | -$11.96M | -$440.31M | -$309.0K | -$426.0K | -$40.89M | -$18.00M | -$598.7K | -$45.0K | -$69.0K | -$61.3K | -$14.9K | -$97.6K |
| Income tax | -$51.0K | $0 | $3.3K | $9.7K | $13.1K | $12.6K | $55.1K | $35.7K | $26.2K | $8.8K | - | -$261.9K |
| Net income | -$11.91M | -$440.31M | -$312.3K | -$435.7K | -$40.89M | -$18.00M | -$653.8K | -$80.7K | -$95.3K | -$70.2K | -$14.9K | $164.3K |
| EPS, basic | -$0.02 | -$0.72 | - | - | -$0.09 | -$0.04 | - | - | - | - | - | - |
| EPS, diluted | -$0.02 | -$0.72 | - | - | -$0.09 | -$0.04 | - | - | - | - | - | - |
| Diluted shares | 621.8M | 611.9M | - | - | 454.7M | 454.7M | - | - | - | - | - | - |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.25M | $5.39M | $11.69M | - | $1.61M | $3.73M | $2.62M | $1.2K | $170.6K | $6.8K | $168.2K | $94.6K |
| Receivables | $2.22M | $2.27M | - | - | - | - | - | - | - | - | - | - |
| Inventory | $1.50M | $1.56M | - | - | - | - | - | - | - | - | - | - |
| Current assets | $14.70M | $11.27M | $13.23M | $149.7K | $145.2K | $22.5K | $15.3K | $21.4K | $43.1K | $6.8K | $7.6K | $136.7K |
| Goodwill | $58.91M | $60.06M | - | - | - | - | - | - | - | - | - | - |
| Total assets | $95.08M | $85.62M | $22.49M | $6.57M | $12.39M | $12.38M | $12.27M | $12.25M | $24.48M | $24.20M | $23.94M | $39.96M |
| Current liabilities | $93.47M | $93.09M | $677.36M | $9.93M | $20.74M | $8.85M | $8.23M | $7.55M | $19.70M | $6.98M | $6.65M | $22.66M |
| Short-term debt | $1.25M | $1.59M | - | - | - | - | - | - | - | - | - | - |
| Long-term debt | $2.31M | $2.61M | - | - | - | - | - | - | - | - | - | - |
| Total debt | $3.56M | $4.20M | - | - | - | - | - | - | - | - | - | - |
| Total liabilities | $113.94M | $96.44M | $677.36M | $12.63M | $23.45M | $11.55M | $10.93M | $10.25M | $22.40M | $9.68M | $9.35M | $25.36M |
| Shareholders' equity | -$18.86M | -$10.82M | -$654.87M | -$12.45M | -$107.72M | -$68.60M | -$51.00M | -$10.13M | -$9.92M | -$9.53M | -$9.27M | -$8.99M |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9.25M | -$5.57M | -$255.8K | $3.39M | -$2.40M | -$2.06M | -$529.5K | -$361.5K | -$194.6K | -$373.7K | -$647.2K | -$346.9K |
| Capital expenditures | $7.71M | $24.0K | - | - | - | - | - | - | - | - | - | - |
| Free cash flow | -$16.96M | -$5.59M | - | - | - | - | - | - | - | - | - | - |
| Investing cash flow | -$8.37M | $1.00M | $0 | $6.63M | -$87.0K | -$474.0K | $81.2K | $12.22M | - | - | $16.16M | -$150.8K |
| Financing cash flow | $18.18M | -$1.74M | $259.8K | -$9.02M | $367.0K | $3.65M | $448.3K | -$12.03M | $177.8K | $373.7K | -$15.65M | $734.9K |
| Share repurchases | - | - | - | - | - | - | $0 | - | - | - | $15.72M | $0 |
| Stock-based compensation | $1.90M | $47.0K | - | - | - | - | - | - | - | - | - | - |
| Depreciation and amortization | $289.0K | $252.0K | - | - | - | - | - | - | - | - | - | - |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | -7.0% | 23.7% | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -744.9% | -833.2% | - | - | - | - | - | - | - | - | - | - |
| Net margin | -728.0% | -23433.4% | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | -1036.7% | -297.7% | - | - | - | - | - | - | - | - | - | - |
| Current ratio | 0.16 | 0.12 | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
Source: XBRL data Evolution Metals & Technologies Corp. files with the SEC, latest filing dated Aug 17, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
EMAT peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| EMAT | - | - | -$452.97M | - | $1.38B |
| ASML | €32.67B | +15.6% | €9.61B | 29.4% | $583.23B |
| LRCX | $26.13B | +33.4% | $8.45B | 32.3% | $276.45B |
| TMO | $47.35B | +8.3% | $7.07B | 14.9% | $267.38B |
| DE | $47.98B | +8.0% | $4.87B | 10.2% | $186.39B |
| DHR | $25.61B | +5.5% | $4.33B | 16.9% | $165.41B |
| ETN | $31.98B | +20.1% | $3.90B | 12.2% | $139.59B |
| JCI | $24.43B | +5.1% | $3.53B | 14.5% | $85.71B |
| ITW | $16.65B | +4.8% | $3.23B | 19.4% | $81.49B |
EMAT FAQ
4 questionsIs EMAT profitable?
No. Evolution Metals & Technologies Corp. reported a net loss of $452.97M for the twelve months ended Jun 30, 2026.How much cash and debt does EMAT have?
Evolution Metals & Technologies Corp. reported $5.25M in cash and cash equivalents and $3.56M of debt on its most recent balance sheet in SEC filings.When did EMAT last report financial results?
The latest statements here come from Evolution Metals & Technologies Corp.'s 10-Q filed on Aug 17, 2026, covering the period ended Jun 30, 2026.Where does this EMAT financial data come from?
Quantisnow builds these statements from the structured XBRL data Evolution Metals & Technologies Corp. files with the SEC. It is provided for information only and is not investment advice.