ELBM

MKT CAP:$64M

Electra Battery Materials Corporation

Market Cap

$64M

Basic Materials·Industrial Materials·🇨🇦 Canada·NASDAQ

Materials·Industrial·🇨🇦·NASDAQ

Stock Price

$0.59-$0.29 (-32.73%)

Apr 23, 2026

Company Details

Electra Battery Materials Corporation acquires and explores for resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper projec...

CEO

Trent Charles Arthur Mell

IPO Date

Jan 8, 2021

Website

electrabmc.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$97M

EPS (Diluted)

-$1.93

Free Cash Flow

-$15M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

FY 2025

Mar 27, 2026

$0EPS -$3.04

Q4 2025

Mar 27, 2026

$0EPS -$1.07

Q3 2025

Nov 13, 2025

$0EPS -$0.20

Q2 2025

Aug 15, 2025

$0EPS -$0.03

Q1 2025

May 13, 2025

$0EPS -$0.63

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$0	$0	-$3M
Q3 21	$0	$0	-$5M
Q4 21	$0	-$1.1K	-$5M
Q1 22	$0	-$731	$2M
Q2 22	$0	$0	-$3M
Q3 22	$0	$0	-$4M
Q4 22	$1.5K	-$35.1K	-$4M
Q3 23	$0	-$8.8K	-$3M
Q4 23	$0	-$10.2K	-$1M
Q1 24	$0	-$10.2K	-$2M
Q2 24	$0	-$11.0K	-$2M
Q4 24	$0	$0	-$3M
Q1 25	$0	$0	-$3M
Q2 25	$0	$0	-$3M
Q3 25	$0	$0	-$3M
Q4 25	$0	-$38.7K	-$4M

Valuation

Quarter	P/S	P/E
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	60835.6x	9.7x
Q3 23	22545.8x	45.2x
Q4 23	14768.7x	—
Q1 24	18295.6x	—
Q2 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	-$3M	-$3M
Q3 21	-$4M	-$4M
Q4 21	-$4M	-$4M
Q1 22	-$3M	-$4M
Q2 22	-$4M	-$7M
Q3 22	-$333.2K	-$9M
Q4 22	-$5M	-$25M
Q3 23	-$9M	-$8M
Q4 23	-$4M	-$4M
Q1 24	-$3M	-$3M
Q2 24	-$3M	-$3M
Q4 24	-$4M	-$5M
Q1 25	-$126.4K	-$371.2K
Q2 25	-$3M	-$4M
Q3 25	-$2M	-$2M
Q4 25	-$7M	-$9M

Capital Expenditures

Quarter	CapEx
Q2 21	$36.5K
Q3 21	$251.4K
Q4 21	$879.1K
Q1 22	$2M
Q2 22	$4M
Q3 22	$9M
Q4 22	$21M
Q3 23	$382.2K
Q4 23	$384.4K
Q1 24	$412.9K
Q2 24	$219.2K
Q4 24	$167.3K
Q1 25	$244.8K
Q2 25	$268.2K
Q3 25	$300.4K
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	—	+154.0%
Q3 21	—	+358.8%
Q4 21	—	+144.9%
Q1 22	—	-206.7%
Q2 22	—	+4.6%
Q3 22	—	-26.4%
Q4 22	—	-15.7%
Q3 23	—	+268.4%
Q4 23	—	-61.8%
Q1 24	—	-30.6%
Q2 24	-100.0%	-38.5%
Q4 24	—	-10.5%
Q1 25	—	+151.9%
Q2 25	—	+4.2%
Q3 25	—	+18.7%
Q4 25	—	+53.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$191.6K	—
Q3 21	$138.1K	—
Q4 21	$159	—
Q1 22	$317	—
Q2 22	$539.3K	—
Q3 22	$208.3K	—
Q4 22	$189.3K	12950.0%
Q3 23	$231.7K	—
Q4 23	$266.7K	—
Q1 24	$507.9K	—
Q2 24	$208.3K	—
Q4 24	$339.8K	—
Q1 25	$256.5K	—
Q2 25	$184.2K	—
Q3 25	$154.9K	—
Q4 25	$0	—

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 21	$1M	$1M	—
Q3 21	$1M	$2M	$79.7K
Q4 21	$319.4K	$2M	—
Q1 22	$68.0K	$1M	$179.8K
Q2 22	$239.0K	$2M	$232.4K
Q3 22	$400.5K	$2M	$170.3K
Q4 22	$1M	$3M	—
Q3 23	$458.9K	$3M	$141.8K
Q4 23	—	$2M	$179.0K
Q1 24	—	$2M	$130.1K
Q2 24	—	$2M	$92.1K
Q4 24	—	$2M	$166.6K
Q1 25	—	$3M	$67.2K
Q2 25	—	$2M	$87.0K
Q3 25	—	$3M	$84.0K
Q4 25	—	$4M	$216.3K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$38M	$2M	$39M
Q2 22	$30M	$776.8K	$31M
Q3 22	$14M	$536.4K	$14M
Q4 22	$6M	$316.4K	$6M
Q1 23	$8M	$1M	$9M
Q2 23	$5M	$852.8K	$5M
Q3 23	$11M	$456.7K	$11M
Q4 23	$6M	$434.8K	$7M
Q1 24	$4M	$556.1K	$5M
Q2 24	$4M	$239.0K	$4M
Q3 24	$2M	$82.6K	$2M
Q4 24	$3M	$8.8K	$3M
Q1 25	$2M	$2.9K	$2M
Q2 25	$2M	$0	$2M
Q3 25	$2M	$0	$2M
Q4 25	$28M	$0	$28M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	7M	+8.4%	+27.0%
Q3 21	7M	+3.2%	+29.6%
Q4 21	8M	+9.9%	+37.7%
Q1 22	10M	+28.6%	+57.9%
Q2 22	10M	+2.6%	+49.5%
Q3 22	8M	-20.6%	+15.0%
Q4 22	12M	+51.7%	+58.9%
Q3 23	12M	-5.1%	+17.2%
Q4 23	14M	+19.6%	+36.7%
Q1 24	14M	+0.4%	+72.9%
Q2 24	14M	+2.0%	+16.2%
Q4 24	14M	+0.1%	+22.7%
Q1 25	15M	+3.5%	+6.1%
Q2 25	18M	+20.2%	+27.0%
Q3 25	18M	+0.0%	+24.5%
Q4 25	78M	+335.6%	+441.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q3 23	—	—
Q4 23	$0	23
Q1 24	$0	23
Q2 24	$0	23
Q4 24	$0	23
Q1 25	$0	23
Q2 25	$0	23
Q3 25	$0	23
Q4 25	$0	24

Revenue / Employee