# Evolution Metals & Technologies Corp.: financial statements, quarterly

EMAT · Nasdaq · CIK 1866226 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/emat.md) · [Financials](/companies/emat/financials.md) · [Filings](/companies/emat/filings.md) · [Insiders](/companies/emat/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/emat/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | period not labelled (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | [1.9](/filings/0001213900-26-060654.md) | [1.6](/filings/0001213900-26-090427.md) |
| Cost of revenue | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | [1.4](/filings/0001213900-26-060654.md) | [1.8](/filings/0001213900-26-090427.md) |
| Gross profit | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | [0.4](/filings/0001213900-26-060654.md) | [(0.1)](/filings/0001213900-26-090427.md) |
| Operating income | $m | [(0.6)](/filings/0001213900-24-099817.md) | [(0.3) d](/filings/0001013762-25-002130.md) | [(0.3)](/filings/0001213900-25-043983.md) | [(0.3)](/filings/0001213900-25-076957.md) | [(0.2)](/filings/0001213900-25-111659.md) | [(0.7) d](/filings/0001213900-26-018858.md) | [(2.8)](/filings/0001213900-26-060654.md) | [(2.9)](/filings/0001213900-26-090427.md) | [(0.5)](/filings/0001213900-25-111659.md) | [(0.4) d](/filings/0001213900-26-018858.md) | [(15.7)](/filings/0001213900-26-060654.md) | [(12.2)](/filings/0001213900-26-090427.md) |
| Interest expense | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | [0.8](/filings/0001213900-26-060654.md) | [0.8 d](/filings/0001213900-26-090427.md) |
| Income tax | $m | [(0.3)](/filings/0001213900-24-099817.md) | not reported | [0.0](/filings/0001213900-25-043983.md) | [0.0](/filings/0001213900-25-076957.md) | [0.0](/filings/0001213900-25-111659.md) | [0.1 d](/filings/0001213900-26-018858.md) | [0.0](/filings/0001213900-25-043983.md) | [0.0](/filings/0001213900-25-076957.md) | [0.0](/filings/0001213900-25-111659.md) | [0.0 d](/filings/0001213900-26-018858.md) | not reported | [(0.1)](/filings/0001213900-26-090427.md) |
| Net income | $m | [0.2](/filings/0001213900-24-099817.md) | [(0.0) d](/filings/0001013762-25-002130.md) | [(0.1)](/filings/0001213900-25-111659.md) | [(0.1)](/filings/0001213900-25-111659.md) | [(0.1)](/filings/0001213900-25-111659.md) | [(0.7) d](/filings/0001213900-26-018858.md) | [(18.0)](/filings/0001213900-26-090427.md) | [(40.9)](/filings/0001213900-26-090427.md) | [(0.4)](/filings/0001213900-25-111659.md) | [(0.3) d](/filings/0001213900-26-018858.md) | [(440)](/filings/0001213900-26-090427.md) | [(11.9)](/filings/0001213900-26-090427.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | [(0.04)](/filings/0001213900-26-060654.md) | [(0.09)](/filings/0001213900-26-090427.md) | not reported | not reported | [(0.72)](/filings/0001213900-26-060654.md) | [(0.02)](/filings/0001213900-26-090427.md) |
| Basic EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | [(0.04)](/filings/0001213900-26-060654.md) | [(0.09)](/filings/0001213900-26-090427.md) | not reported | not reported | [(0.72)](/filings/0001213900-26-060654.md) | [(0.02)](/filings/0001213900-26-090427.md) |

- Revenue: us-gaap:Revenues
- Cost of revenue: us-gaap:CostOfRevenue
- Gross profit: us-gaap:GrossProfit
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | period not labelled (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [0.1](/filings/0001213900-24-099817.md) | [0.0](/filings/0001013762-25-002130.md) | [0.0](/filings/0001213900-25-043983.md) | [0.0](/filings/0001213900-24-069059.md) | [0.0](/filings/0001213900-24-099817.md) | [0.0](/filings/0001213900-26-018858.md) | [0.0](/filings/0001213900-25-043983.md) | [0.0](/filings/0001213900-25-111659.md) | not reported | [0.0](/filings/0001213900-26-018858.md) | [5.4](/filings/0001213900-26-060654.md) | [5.3](/filings/0001213900-26-090427.md) |
| Current assets | $m | [0.1](/filings/0001213900-23-088715.md) | [0.0](/filings/0001013762-25-002130.md) | [0.0](/filings/0001213900-24-043149.md) | [0.0](/filings/0001213900-24-069059.md) | [0.0](/filings/0001213900-24-099817.md) | [0.0](/filings/0001213900-26-018858.md) | [0.0](/filings/0001213900-25-043983.md) | [0.1](/filings/0001213900-25-076957.md) | [0.1](/filings/0001213900-25-111659.md) | [13.2](/filings/0001213900-26-090427.md) | [11.3](/filings/0001213900-26-060654.md) | [14.7](/filings/0001213900-26-090427.md) |
| Total assets | $m | [40.0](/filings/0001213900-23-088715.md) | [23.9](/filings/0001013762-25-002130.md) | [24.2](/filings/0001213900-24-043149.md) | [24.5](/filings/0001213900-24-069059.md) | [12.3](/filings/0001213900-24-099817.md) | [12.3](/filings/0001213900-26-018858.md) | [12.4](/filings/0001213900-25-043983.md) | [12.4](/filings/0001213900-25-076957.md) | [6.6](/filings/0001213900-25-111659.md) | [22.5](/filings/0001213900-26-090427.md) | [85.6](/filings/0001213900-26-060654.md) | [95.1](/filings/0001213900-26-090427.md) |
| Current liabilities | $m | [22.7](/filings/0001213900-23-088715.md) | [6.6](/filings/0001013762-25-002130.md) | [7.0](/filings/0001213900-24-043149.md) | [19.7](/filings/0001213900-24-069059.md) | [7.6](/filings/0001213900-24-099817.md) | [8.2](/filings/0001213900-26-018858.md) | [8.9](/filings/0001213900-25-043983.md) | [20.7](/filings/0001213900-25-076957.md) | [9.9](/filings/0001213900-25-111659.md) | [677](/filings/0001213900-26-090427.md) | [93.1](/filings/0001213900-26-060654.md) | [93.5](/filings/0001213900-26-090427.md) |
| Total liabilities | $m | [25.4](/filings/0001213900-23-088715.md) | [9.4](/filings/0001013762-25-002130.md) | [9.7](/filings/0001213900-24-043149.md) | [22.4](/filings/0001213900-24-069059.md) | [10.3](/filings/0001213900-24-099817.md) | [10.9](/filings/0001213900-26-018858.md) | [11.6](/filings/0001213900-25-043983.md) | [23.4](/filings/0001213900-25-076957.md) | [12.6](/filings/0001213900-25-111659.md) | [677](/filings/0001213900-26-090427.md) | [96.4](/filings/0001213900-26-060654.md) | [114](/filings/0001213900-26-090427.md) |
| Long-term debt | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | [2.6](/filings/0001213900-26-060654.md) | [2.3](/filings/0001213900-26-090427.md) |
| Current portion of debt | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | [1.6](/filings/0001213900-26-060654.md) | [1.2](/filings/0001213900-26-090427.md) |
| Short-term borrowings | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | [3.5](/filings/0001213900-26-060654.md) | [2.6](/filings/0001213900-26-090427.md) |
| Shareholders' equity | $m | [(9.0)](/filings/0001213900-24-099817.md) | [(9.3)](/filings/0001213900-26-018858.md) | [(9.5)](/filings/0001213900-25-111659.md) | [(9.9)](/filings/0001213900-25-111659.md) | [(10.1)](/filings/0001213900-25-111659.md) | [(10.8)](/filings/0001213900-26-018858.md) | [(11.4)](/filings/0001213900-25-111659.md) | [(12.0)](/filings/0001213900-25-111659.md) | [(12.5)](/filings/0001213900-25-111659.md) | [(655)](/filings/0001213900-26-090427.md) | [(24.8)](/filings/0001213900-26-060654.md) | [(18.9)](/filings/0001213900-26-090427.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue, us-gaap:Cash
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:LongTermDebtCurrent
- Short-term borrowings: us-gaap:ShortTermBorrowings
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | period not labelled (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [(0.3) d](/filings/0001213900-24-099817.md) | [(0.6) d](/filings/0001013762-25-002130.md) | [(0.4)](/filings/0001213900-25-043983.md) | [(0.2) d](/filings/0001213900-25-076957.md) | [(0.4) d](/filings/0001213900-25-111659.md) | [(0.5) d](/filings/0001213900-26-018858.md) | [(2.1)](/filings/0001213900-26-060654.md) | [(2.4) d](/filings/0001213900-26-090427.md) | [3.4 d](/filings/0001213900-25-111659.md) | [(0.3) d](/filings/0001213900-26-018858.md) | [(5.6)](/filings/0001213900-26-060654.md) | [(9.2) d](/filings/0001213900-26-090427.md) |
| Capital expenditure | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | [0.0](/filings/0001213900-26-060654.md) | [7.7 d](/filings/0001213900-26-090427.md) |
| Share repurchases | $m | [0.0 d](/filings/0001213900-24-099817.md) | [15.7 d](/filings/0001013762-25-002130.md) | not reported | not reported | not reported | [0.0 d](/filings/0001013762-25-002130.md) | not reported | not reported | not reported | not reported | not reported | not reported |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q1 FY2022 (2022-03-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [7.7](/filings/0001213900-22-026218.md) | [455](/filings/0001213900-26-060654.md) | [455](/filings/0001213900-26-090427.md) | [612](/filings/0001213900-26-060654.md) | [622](/filings/0001213900-26-090427.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 621,800,646 at 2026-08-17, from the cover of the [10-Q filed 2026-08-17](/filings/0001213900-26-090427.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:49 ET. No prices; not investment advice.