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Other financials

Income statement

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Revenue$1.9M
Gross profit$445.0K
Operating income-$15.7M-459%
Net income-$440.3M-2,347%
EPS (diluted)-$0.72-1,700%

Balance sheet

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Total debt$6.8M
Total equity-$24.8M-118%
Total assets$85.6M+592%

Cash flow

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Operating cash flow-$5.6M-170%
CapEx$24.0K
Free cash flow-$5.6M

Valuation

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Market cap$1.67B-89.0%
Enterprise value$1.67B

Returns & leverage

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Return on equity2,445%
Debt / equity-0.3×
Current ratio0.1×+0.1×

Where this comes from

Reported directly by Evolution Metals & Technologies Corp. in its filing.

Tagged under the XBRL concept us-gaap:Cash.

The source filing: Evolution Metals & Technologies Corp.’s 10-Q, filed May 22, 2026.

Filed
May 22, 2026, 5:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001213900-26-060654

Liquidity and Going Concern: Historically, the Company’s primary sources of liquidity have been cash flows from issuance of convertible preferred units. The Company reported a net loss of $440.3 million for the three months ended March 31, 2026. As of March 31, 2026, the Company had an aggregate cash balance of $5.4 million and a net working capital deficit of $81.8 million. These are indicators of substantial doubt as to the Company’s ability to continue as a going concern for at least one year from issuance of these Unaudited condensed consolidated financial statements.

Item 1. Financial Statements.

FAQ

What is Evolution Metals & Technologies Corp.'s cash & equivalents?
Evolution Metals & Technologies Corp. (EMAT) reported cash & equivalents of $5.4M in Q1 2026.
How has Evolution Metals & Technologies Corp.'s cash & equivalents changed year-over-year?
Evolution Metals & Technologies Corp.'s cash & equivalents increased by 44.7% year-over-year, from $3.73M to $5.4M.
What is the long-term trend for Evolution Metals & Technologies Corp.'s cash & equivalents?
Over 4 years (2021 to 2025), Evolution Metals & Technologies Corp.'s cash & equivalents has grown at a -75.9% compound annual growth rate (CAGR), from $1.2M to $4.02K.
What does cash & equivalents mean?
Cash on hand plus highly liquid investments with maturities of three months or less at purchase — treasury bills, money market funds, and commercial paper.

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