Can Evolution Metals & Technologies Corp. cover its short-term obligations?

Its current ratio is 0.12 — current liabilities exceed current assets.

Where does Evolution Metals & Technologies Corp. 's balance sheet data come from?

Every line is extracted from Evolution Metals & Technologies Corp. 's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Evolution Metals & Technologies Corp. EMAT Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$5.4M+44.7%	$4.02K+239%	——	$711-72.3%	$3.73M+55,122%
Accounts receivable, net	$10.2M—	$11.65M—	——	——	——
Inventories	$1.56M—	——	——	——	——
Raw materials	$150K—	——	——	——	——
Work in process	$592K—	——	——	——	——
Finished goods	$517K—	——	——	——	——
Prepaid expenses and other current assets	$660K+2,939%	$48K+241%	$149.7K+639%	$144.5K+257%	$21.72K+2,707%
Derivative assets	$25M—	——	——	——	——
Total current assets	$11.27M+50,069%	$13.23M+86,560%	$149.7K+598%	$145.21K+237%	$22.46K+232%
Property and equipment, net	$7.44M—	——	——	——	——
Accumulated depreciation	$114K—	——	——	——	——
Goodwill	$60.06M—	——	——	——	——
Intangible assets, net	$100K—	——	——	——	——
Other non-current assets	$497K-90.1%	$5M0.0%	$5M0.0%	$5M—	$5M—
Equity method investments	——	$322.41K+86.2%	——	——	——
Total assets	$85.62M+592%	$22.49M+83.3%	$6.57M-46.3%	$12.39M-49.4%	$12.38M-48.8%
Accrued expenses	$27.26M—	$339K—	——	——	——
Current portion of long-term debt	$3.55M—	——	——	——	——
Short-term borrowings	$3.55M—	——	——	——	——
Total current liabilities	$93.09M+952%	$677.36M+8,135%	$9.93M+31.5%	$20.74M+5.3%	$8.85M+26.8%
Long-term debt	$3.3M—	——	——	——	——
Other non-current liabilities	$725K+2,317%	——	——	——	$30K—
Total liabilities	$96.44M+735%	$677.36M+6,097%	$12.63M+23.2%	$23.45M+4.7%	$11.55M+19.3%
Common stock	593.3M+493%	593.3M+493%	100M0.0%	100M0.0%	100M0.0%
Additional paid-in capital	$908.6M—	-$2.37M—	——	——	——
Retained earnings	-$1.12B-9,750%	-$678.81M-6,184%	-$12.45M-22.9%	-$12.04M-21.4%	-$11.36M-19.3%
Accumulated other comprehensive income (loss)	-$1.06M—	$6K—	——	——	——
Noncontrolling interests	$13.94M—	——	——	——	——
Total stockholders' equity	-$24.76M-118%	-$654.87M-5,962%	-$12.45M-22.9%	-$12.04M-21.4%	-$11.36M-19.3%
Total liabilities and stockholders' equity	$85.62M+592%	$22.49M+83.3%	$6.57M-46.3%	$12.39M-49.4%	$12.38M-48.8%
Allowance for Doubtful Accounts	$9M—	$10.16M—	——	——	——
Allowance for Doubtful Accounts Receivable (Current)	$9M—	$10.16M—	——	——	——
Nontrade Accounts Receivable Related Parties	$182K—	——	——	——	——
Nontrade Receivables Current	$1.2M—	$1.49M—	——	——	——
Inventory Valuation Adjustments	$40K—	——	——	——	——
Vendor Non-Trade Receivables	$1.2M—	$1.49M—	——	——	——
Net Assets Acquired in Business Combination	$9.4M—	——	——	——	——
Deferred Tax Assets and Other Non-Current Assets	$497K—	——	——	——	——
Deferred Tax Assets - Investments	——	$322.41K+86.2%	——	——	——
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)	$500K—	——	——	——	——
Finite Lived Intangible Assets - Gross	$6.43M—	——	——	——	——
Goodwill and Intangible Assets, Net	——	$6.75M—	——	——	——
Net Operating Loss Carryforwards	——	$0—	——	——	——
Deferred contract costs	——	$9.27M—	——	——	——
Intangible assets — net	$100K—	——	——	——	——
Other intangible assets—net	$6.35M—	——	——	——	——
Goodwill and intangible assets, net	——	$6.75M—	——	——	——
Other non-current assets	$497K—	——	——	——	——
Property, plant and equipment at cost	$7.56M—	——	——	——	——
Software and Technology Licenses, Net	$497K—	——	——	——	——
Accounts Payable - Other Current	$89K—	——	——	——	——
Accrued liabilities and other current	$800K—	——	——	——	——
Accounts Payable Related Parties	$42K—	——	——	——	——
Convertible Promissory Notes Current	$2.3M—	——	——	——	——
CPU Share Allocation Obligation	——	$292.68M—	——	——	——
Deferred Underwriting Fee Payable Non Current	——	$2.7M0.0%	——	——	——
Derivative Liability, Current	——	$379.21M—	——	——	——
Long Term Debtrelated Parties	$15K—	——	——	——	——
Nontrade Accounts Payable	$47.95M—	——	——	——	——
Nontrade Accounts Payable Related Parties	$218K—	——	——	——	——
Notes Payable Current	$2.3K—	——	——	——	——
Short Term Debt Related Parties	$1.23M—	$484K—	——	——	——
Working Capital Loans Related Party Current	——	$2.87M+64.7%	——	——	——
Derivative Liabilities - Fair Value	$25M—	$379.21M—	——	——	——
Notes Payable	$2.3K—	——	——	——	——
Borrowings at Fair Value	$1.2M—	——	——	——	——
Debt Maturity - 1 to 3 Years	$1K—	——	——	——	——
Debt Maturity - 2024	$1.65M—	——	——	——	——
Debt Maturity - Thereafter	$286K—	——	——	——	——
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$16K—	——	——	——	——
Accrued expenses and other liabilities	$27.26M—	$339K—	——	——	——
Total debt	$6.85M—	——	——	——	——
Total Carrying Value of Debt	$4.2M—	——	——	——	——
Common Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Common Stock Shares Issued	593.3M+25,879%	0-100%	2.3M0.0%	2.3M0.0%	2.3M—
Convertible Preferred Stock Issued Shares	17.4M—	42.3M—	0—	0—	0—
Convertible Preferred Stock Outstanding Shares	59.7M—	0—	0—	0—	0—
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$59K+25,777%	$45K+19,637%	$2280.0%	$2280.0%	$2280.0%
Convertible Preferred Units Note13Equity	——	$26.26M—	——	——	——
Equityclassified CPU Share Allocation	$186.77M—	——	——	——	——
Cumulative Cost Basis	$7.56M—	——	——	——	——
Gross Assets/Liabilities	$25M—	——	——	——	——
Accounts Payable Toll Processing	$1.63M—	——	——	——	——
Accumulate Deficit Of Initial Excise Tax	——	$764.24K—	——	——	——
Acquisition Target	$9M—	——	——	——	——
Advance Agreement	$9M—	——	——	——	——
Allowance for doubtful accounts	$9M—	$10.16M—	——	——	——
Cash FDIC Insured Amount	$5.1M—	$11.4M—	——	——	——
Commitments With Financial Institutions Credit Line	$6.31M—	——	——	——	——
Commitments With Financial Institutions Used Amounts	$5.03M—	——	——	——	——
Common Stock Exercised	——	——	350—	——	——
Common stock, par value (in dollars per share)	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Common stock, shares authorized (in shares)	$593.35M+493%	$593.35M+493%	$100M0.0%	$100M0.0%	$100M0.0%
Common stock, shares issued (in shares)	$593.35M+25,879%	$0-100%	$2.28M0.0%	$2.28M0.0%	$2.28M0.0%
Common Stock, Shares, Outstanding	$593.35M+25,879%	$0-100%	$2.28M0.0%	$2.28M0.0%	$2.28M0.0%
Long-term debt, gross	$4.2M—	——	——	——	——
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$16K—	——	——	——	——
Deferred Tax Assets, Gross	——	$322.41K+86.2%	——	——	——
Deferred Underwriting Commissions Per Unit	——	$0.35—	——	——	——
Derivative Liability	$25M—	——	——	——	——
Dissenting Shareholder Appraisal Right Liabilities	$46.23M—	——	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	$82K—	——	——	——	——
Remainder of 2026	$400K—	——	——	——	——
Finite Lived Intangible Assets Amortization Expense After Year Five	$500K—	——	——	——	——
Gross Carrying Amount	$6.43M—	——	——	——	——
Inventory Indirect Materials	$40K—	——	——	——	——
Raw materials	$150K—	——	——	——	——
Less Related Party Loan With Handa CEO	-$1.59M—	——	——	——	——
Loan Advances	$1.2M—	$8.3M—	——	——	——
Thereafter	$286K—	——	——	——	——
2027	$947K—	——	——	——	——
Remainder of 2026	$1.65M—	——	——	——	——
Noncontrolling interests in subsidiaries	$13.94M—	——	——	——	——
Net Working Capital Deficit	$81.8M—	——	——	——	——
Non Trade Accounts Payable	$47.95M—	——	——	——	——
Nontrade Receivables	$200K—	——	——	——	——
Number Of Shares Issued Per Unit	——	1—	——	——	——
Operating Loss Carryforwards	——	$0—	——	——	——
Goods in transit	$159K—	——	——	——	——
Construction materials and aviation spare parts	$146K—	——	——	——	——
Percentage Of Obligation To Redeem Public Shares	——	100%—	——	——	——
Percentage Of Public Share Sold In Initial Public Offering	——	20%—	——	——	——
Convertible preferred stock, shares issuable upon conversion (in shares)	15.5M—	——	——	——	——
Preferred Stock, Shares Outstanding	$59.67M—	$0—	$0—	$0—	$0—
Reversed Liabilities Relating To Excise Tax	——	$879.88K—	——	——	——
Short Term Debt Percentage Bearing Fixed Interest Rate	6%—	——	——	——	——
Temporary Equity Aggregate Additional Amount Of Redemption Requirement	——	——	——	$5.73M—	——
Underwriting Fee Per Unit	——	$0.20—	——	——	——
Working Capital Deficit	——	$9.37M—	——	——	——
Working Capital Loan	——	——	——	——	——
Purchase Commitments - Due Next Year	$24.9M—	——	——	——	——
Remainder of Fiscal Year 2024	$1.65M—	——	——	——	——
Remainder of Fiscal Year 2025	$400K—	——	——	——	——

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Questions, answered.

Can Evolution Metals & Technologies Corp. cover its short-term obligations?: Its current ratio is 0.12 — current liabilities exceed current assets.
Where does Evolution Metals & Technologies Corp. 's balance sheet data come from?: Every line is extracted from Evolution Metals & Technologies Corp. 's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.