EMAT
Evolution Metals & Technologies Corp.
Company overview
- Market capitalization
- $1.99B
- Employees
- —
- Latest publication
- 2026-09-29
About Evolution Metals & Technologies Corp.
Evolution Metals & Technologies Corp. critical materials and advanced manufacturing company. It focuses on non-China-dependent supply chain for rare earth permanent magnets, battery materials, and related critical technologies. The company is based in West Palm Beach, Florida.
Financial statements
Income Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,636,000USD | 1,879,000USD | — | — | — | 0USD | — | — |
| Cost Of Revenue | 1,751,000USD | 1,434,000USD | — | — | — | 0USD | — | — |
| Gross Profit | -115,000USD | 445,000USD | — | — | — | 0USD | — | — |
| Selling General Administrative | 12,072,000USD | 16,100,000USD | — | — | — | 2,802,000USD | — | — |
| General And Administrative Expenses | 12,072,000USD | — | — | — | — | — | — | — |
| Total Operating Expenses | 12,072,000USD | 6,700,000USD | 362,773USD | 466,969USD | 606,216USD | 604,923USD | 707,680USD | 225,508USD |
| Operating Income | -12,187,000USD | -6,255,000USD | -362,776USD | -466,969USD | -606,213USD | -604,923USD | -707,683USD | -225,508USD |
| Total Other Income Expense Net | 226,000USD | -434,059,000USD | 53,761USD | 40,995USD | 98,318USD | 97,051USD | 109,007USD | 180,541USD |
| Income Before Tax | -11,961,000USD | -440,314,000USD | -309,015USD | -425,974USD | -507,895USD | -507,872USD | -598,676USD | -44,967USD |
| Income Tax Expense | -51,000USD | — | 3,334USD | 9,701USD | 13,081USD | 12,569USD | 55,122USD | 35,730USD |
| Net Income | -11,910,000USD | -440,314,000USD | -312,349USD | -435,675USD | -520,976USD | -520,441USD | -653,798USD | -80,697USD |
| Net Income Applicable To Common Shares | -11,910,000USD | — | — | — | — | — | — | — |
| Unclassified Operating Expenses | — | -9,400,000USD | — | — | — | -2,197,077USD | — | — |
| Interest Expense | — | 705,000USD | — | — | — | — | — | — |
| Net Interest Income | — | -705,000USD | — | — | — | 493,000USD | — | — |
| Tax Provision | — | 0USD | — | — | — | 0USD | — | — |
| Net Income From Continuing Ops | — | -440,314,000USD | — | — | — | -17,996,000USD | — | — |
| Ebit | — | -6,255,000USD | — | — | — | — | — | — |
| Ebitda | — | -6,003,000USD | -599,140USD | -466,969USD | -507,895USD | -507,872USD | -598,676USD | -44,967USD |
| Depreciation And Amortization | — | 252,000USD | — | — | — | — | — | — |
| Reconciled Depreciation | — | 252,000USD | — | — | — | 0USD | — | — |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Income Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD |
|---|---|---|---|---|---|
| Total Revenue | 0USD | 0USD | 0USD | — | — |
| Selling General Administrative | 1,948,481USD | 1,428,060USD | 7,045,418USD | — | — |
| Total Operating Expenses | 2,040,881USD | 1,582,840USD | 2,222,981USD | 3,331,190USD | 68,615USD |
| Operating Income | -2,040,881USD | -1,582,845USD | -2,222,981USD | -3,331,190USD | -68,615USD |
| Interest Income | 276,616USD | 808,868USD | — | — | — |
| Net Interest Income | 276,616USD | 808,868USD | -568,137USD | — | — |
| Income Before Tax | -1,750,756USD | -773,977USD | -54,322USD | -2,210,031USD | -68,604USD |
| Income Tax Expense | 38,685USD | 125,950USD | — | 180,688USD | — |
| Tax Provision | 38,685USD | 125,950USD | 0USD | — | — |
| Net Income | -1,789,441USD | -899,927USD | -54,322USD | -2,390,719USD | -68,604USD |
| Net Income From Continuing Ops | -1,789,441USD | -899,927USD | -7,630,226USD | — | — |
| Ebitda | -2,040,881USD | -773,977USD | -54,322USD | -2,210,031USD | -68,604USD |
| Total Other Income Expense Net | 290,125USD | 808,868USD | 2,168,659USD | 1,121,159USD | 11USD |
| Cost Of Revenue | — | — | 16,671USD | — | — |
| Gross Profit | — | — | -16,671USD | — | — |
| Unclassified Operating Expenses | — | — | -4,822,437USD | 3,331,190USD | — |
| Interest Expense | — | — | 568,137USD | — | — |
| Ebit | — | — | -7,062,089USD | — | — |
| Depreciation And Amortization | — | — | 16,671USD | — | — |
| Reconciled Depreciation | — | — | 16,671USD | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 95,084,000USD | 85,618,000USD | 6,610,223USD | 6,574,424USD | 12,394,653USD | 12,377,442USD | 12,273,195USD | 12,251,561USD |
| Total Current Assets | 14,699,000USD | 11,267,000USD | 145,249USD | 149,702USD | 145,213USD | 22,458USD | 15,262USD | 21,435USD |
| Other Current Assets | 3,084,000USD | 660,000USD | 141,227USD | 149,702USD | 144,502USD | 21,720USD | 14,077USD | 20,250USD |
| Other Non Current Assets | 7,796,000USD | — | — | — | — | — | — | — |
| Total Liabilities | 113,936,000USD | — | — | — | — | — | — | — |
| Total Current Liabilities | 93,467,000USD | 93,093,000USD | 9,512,084USD | 9,928,174USD | 20,743,769USD | 8,850,171USD | 8,225,483USD | 7,550,188USD |
| Other Current Liabilities | 900,000USD | — | — | — | — | — | — | — |
| Other Non Current Liabilities | 749,000USD | — | — | — | — | — | — | — |
| Total Stockholder Equity | -18,862,000USD | -24,759,000USD | -5,606,551USD | -6,058,440USD | -11,053,806USD | 822,581USD | 1,343,022USD | 1,996,683USD |
| Total Equity Including Noncontrolling Interest | -18,852,000USD | — | — | — | — | — | — | — |
| Short Long Term Debt | 1,246,000USD | 8,665,000USD | — | — | — | — | — | — |
| Long Term Debt | 2,309,000USD | 2,624,000USD | — | — | — | — | — | — |
| Net Receivables | 2,218,000USD | 3,654,000USD | — | — | — | — | — | — |
| Inventory | 1,499,000USD | 1,564,000USD | — | — | — | — | — | — |
| Property Plant Equipment Net | 7,333,000USD | 7,443,000USD | — | — | — | — | — | — |
| Goodwill | 58,909,000USD | — | — | — | — | — | — | — |
| Intangible Assets | 6,347,000USD | 6,350,000USD | — | — | — | — | — | — |
| Accounts Payable | 10,141,000USD | 8,954,000USD | — | — | — | — | — | — |
| Common Stock | 62,000USD | 59,000USD | 6,402,547USD | 6,395,505USD | 986,577USD | 12,184,514USD | 12,145,515USD | 12,130,326USD |
| Retained Earnings | -1,131,031,000USD | -1,120,183,000USD | -12,009,098USD | -12,453,945USD | -12,040,383USD | -11,361,933USD | -10,802,493USD | -10,133,643USD |
| Accumulated Other Comprehensive Income | -942,000USD | — | — | — | — | — | — | — |
| Total Liab | — | 96,442,000USD | 12,216,774USD | 12,632,864USD | 23,448,459USD | 11,554,861USD | 10,930,173USD | 10,254,878USD |
| Other Current Liab | — | 75,474,000USD | 4,347,485USD | 5,023,140USD | 15,945,684USD | 4,338,345USD | 4,188,146USD | 3,961,138USD |
| Capital Stock | — | 59,000USD | — | — | — | — | — | — |
| Good Will | — | 60,061,000USD | — | — | — | — | — | — |
| Cash | — | 5,389,000USD | 4,022USD | — | 711USD | 738USD | 1,185USD | 1,185USD |
| Cash And Short Term Investments | — | 5,389,000USD | 4,022USD | — | 711USD | 738USD | 1,185USD | 1,185USD |
| Net Debt | — | 5,900,000USD | 5,160,577USD | 4,905,034USD | 4,797,374USD | 4,511,088USD | 4,036,152USD | 3,587,865USD |
| Short Term Debt | — | 8,665,000USD | 5,164,599USD | 4,905,034USD | 4,798,085USD | 4,511,826USD | 4,037,337USD | 3,589,050USD |
| Short Long Term Debt Total | — | 11,289,000USD | 5,164,599USD | 4,905,034USD | 4,798,085USD | 4,511,826USD | 4,037,337USD | 3,589,050USD |
| Property Plant Equipment Gross | — | 7,557,000USD | — | — | — | — | — | — |
| Common Stock Shares Outstanding | — | 611,903,892shares | 2,848,313shares | 2,698,731shares | 3,323,084shares | 3,366,765shares | 3,366,765shares | 3,366,765shares |
| Non Current Assets Total | — | 74,351,000USD | 6,464,974USD | 6,424,721USD | 12,249,440USD | 12,354,984USD | 12,257,933USD | 12,230,126USD |
| Non Current Liabilities Total | — | 3,349,000USD | 2,704,689USD | 2,704,689USD | 2,704,689USD | 2,704,690USD | 2,704,689USD | 2,704,689USD |
| Non Current Liabilities Other | — | 725,000USD | — | — | — | — | — | — |
| Non Currrent Assets Other | — | 497,000USD | — | — | — | — | — | — |
| Net Working Capital | — | -81,826,000USD | — | — | — | — | — | — |
| Unclassified Current Liabilities | — | -8,665,000USD | — | — | — | — | — | — |
| Unclassified Equity | — | 1,095,306,000USD | — | — | — | — | — | — |
| Unclassified Non Current Assets | — | — | 6,464,974USD | 6,424,721USD | 12,249,440USD | 12,354,984USD | 12,257,933USD | 12,230,126USD |
| Unclassified Non Current Liabilities | — | — | 2,704,689USD | 2,704,689USD | 2,704,689USD | 2,704,690USD | 2,704,689USD | 2,704,689USD |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD |
|---|---|---|---|---|---|
| Total Assets | 6,610,223USD | 12,273,195USD | 21,961,985USD | 5,038,585USD | 76,533,600USD |
| Other Current Assets | 141,227USD | 14,077USD | — | — | 332,633USD |
| Total Liab | 12,216,774USD | 10,930,173USD | 30,987,539USD | 6,433,913USD | 2,765,423USD |
| Total Stockholder Equity | -5,606,551USD | 1,343,022USD | -9,025,554USD | -1,395,328USD | 73,768,177USD |
| Other Current Liab | 533,663USD | 4,188,146USD | — | — | 140,423USD |
| Common Stock | 6,402,547USD | 12,145,515USD | 30,000USD | 30,000USD | 75,000,250USD |
| Capital Stock | 6,402,547USD | 12,145,515USD | 30,000USD | 30,000USD | — |
| Retained Earnings | -12,009,098USD | -10,802,493USD | -9,025,554USD | -1,395,328USD | -1,232,073USD |
| Cash | 4,022USD | 1,185USD | 5,935USD | 65,382USD | 1,200,956USD |
| Cash And Short Term Investments | 4,022USD | 1,185USD | 5,935USD | 65,382USD | 1,200,956USD |
| Total Current Assets | 145,249USD | 15,262USD | 7,129,887USD | 2,307,268USD | 1,533,589USD |
| Total Current Liabilities | 9,512,084USD | 8,225,483USD | 25,356,064USD | 5,609,104USD | 140,423USD |
| Net Debt | 5,160,577USD | 4,036,152USD | 26,627,365USD | 5,861,048USD | -1,200,956USD |
| Short Term Debt | 5,164,599USD | 4,037,337USD | 21,001,825USD | 5,101,621USD | — |
| Short Long Term Debt | 5,164,599USD | 4,037,337USD | 21,001,825USD | 5,101,621USD | — |
| Short Long Term Debt Total | 5,164,599USD | 4,037,337USD | 26,633,300USD | 5,926,430USD | — |
| Accounts Payable | 3,627,213USD | 2,929,443USD | 4,354,239USD | 507,483USD | — |
| Common Stock Shares Outstanding | 593,349,852shares | 3,902,861shares | 6,459,142shares | 10,011,662shares | 9,722,500shares |
| Non Current Assets Total | 6,464,974USD | 12,257,933USD | 14,832,098USD | 2,731,317USD | 75,000,011USD |
| Non Current Liabilities Total | 2,704,690USD | 2,704,689USD | 5,631,475USD | 824,809USD | 2,625,000USD |
| Non Currrent Assets Other | 6,464,974USD | 12,257,933USD | -23,930,678USD | -79,858,338USD | — |
| Net Working Capital | -9,366,835USD | -8,210,221USD | -18,226,177USD | -3,301,836USD | — |
| Unclassified Current Liabilities | -4,977,990USD | -6,966,780USD | -21,001,825USD | -5,101,621USD | — |
| Unclassified Non Current Liabilities | 2,704,690USD | 2,704,689USD | — | — | 2,625,000USD |
| Unclassified Equity | -6,402,547USD | -12,145,515USD | — | — | — |
| Long Term Debt | — | — | 5,631,475USD | 824,809USD | — |
| Net Receivables | — | — | 7,123,952USD | 2,241,886USD | — |
| Property Plant Equipment Net | — | — | 14,832,098USD | 2,731,317USD | — |
| Property Plant Equipment Gross | — | — | 14,849,751USD | 2,732,299USD | — |
| Unclassified Non Current Assets | — | — | — | — | 75,000,011USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow YTD
| Metric | Q2 20262026-06-30 · USD |
|---|---|
| Depreciation | 541,000USD |
| Stock Based Compensation | 1,947,000USD |
| Deferred Income Tax | -100,000USD |
| Change To Account Receivables | -629,000USD |
| Change To Inventory | -425,000USD |
| Change To Liabilities | 79,000USD |
| Change In Working Capital | -1,158,000USD |
| Operating Cash Flow | -14,818,000USD |
| Capital Expenditures | -7,736,000USD |
| Unclassified Investing Cash Flow | 371,000USD |
| Investing Cash Flow | -7,365,000USD |
| Net Debt Issuance | -589,000USD |
| Unclassified Financing Cash Flow | 17,032,000USD |
| Financing Cash Flow | 16,443,000USD |
| Effect Of Forex Changes On Cash | -691,000USD |
| Change In Cash | -6,432,000USD |
| End Cash Flow | 5,254,000USD |
| Source | DisclosureDeterministicFinal |
Cash flow Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Net Income | -440,314,000USD | -312,349USD | -435,675USD | -520,976USD | -520,441USD | -653,798USD | -80,697USD | -95,272USD |
| Depreciation | 252,000USD | — | — | — | 0USD | — | — | — |
| Other Non Cash Items | 426,493,000USD | -155,890USD | 1,952USD | -62,830USD | -73,357USD | -95,498USD | -180,541USD | -258,639USD |
| Change To Account Receivables | -936,000USD | — | — | — | 0USD | — | — | — |
| Change To Inventory | -385,000USD | — | — | — | 0USD | — | — | — |
| Change In Working Capital | 8,000,000USD | 212,696USD | 326,063USD | 93,658USD | 118,862USD | 219,809USD | -100,222USD | 159,332USD |
| Total Cash From Operating Activities | -5,569,000USD | -255,543USD | -107,660USD | -490,148USD | -474,936USD | -529,487USD | -361,460USD | -194,579USD |
| Capital Expenditures | -24,000USD | -3USD | 0USD | 0USD | -4USD | -3USD | 0USD | 0USD |
| Free Cash Flow | -5,593,000USD | -255,540USD | -107,660USD | -490,150USD | -474,940USD | -529,490USD | -361,460USD | -194,580USD |
| Investments | -2,000USD | — | — | — | -474,000USD | — | — | — |
| Total Cashflows From Investing Activities | 1,005,000USD | — | 5,865,713USD | 203,862USD | — | 81,200USD | 12,219,791USD | 19,173USD |
| Net Borrowings | 259,000USD | — | — | — | 0USD | — | — | — |
| Total Cash From Financing Activities | -1,741,000USD | 259,565USD | -5,758,764USD | 286,259USD | 474,489USD | 448,287USD | -12,027,722USD | 177,773USD |
| Issuance Of Capital Stock | 0USD | — | — | — | 5,550,000USD | — | — | — |
| Change In Cash | -6,296,000USD | 4,022USD | -711USD | -27USD | -447USD | — | -1,379USD | -4,196USD |
| Begin Period Cash Flow | 11,685,000USD | 11,685,000USD | 711USD | 738USD | 1,185USD | 1,185USD | 2,564USD | 6,760USD |
| End Period Cash Flow | 5,389,000USD | 4,022USD | 11,685,000USD | 711USD | 738USD | 1,185USD | 1,185USD | 2,564USD |
| Other Cashflows From Investing Activities | 2,000USD | -203,862USD | — | 203,862USD | — | -19,173USD | 19,173USD | — |
| Other Cashflows From Financing Activities | -2,000,000USD | — | — | — | — | — | — | — |
| Unclassified Investing Cash Flow | 1,029,000USD | — | 5,865,713USD | — | — | — | 12,200,618USD | — |
| Sale Purchase Of Stock | — | — | -5,865,713USD | — | — | — | -12,219,791USD | — |
| Unclassified Financing Cash Flow | — | — | — | — | -5,075,511USD | — | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD |
|---|---|---|---|---|---|
| Net Income | -1,789,441USD | -899,927USD | -7,630,226USD | -2,390,719USD | -68,604USD |
| Other Non Cash Items | -290,125USD | -795,359USD | — | -822,745USD | -10USD |
| Change To Account Receivables | 120,000USD | — | -4,882,066USD | — | — |
| Change In Working Capital | 751,279USD | 236,023USD | -1,028,506USD | 2,535,572USD | -192,210USD |
| Total Cash From Operating Activities | -1,328,287USD | -1,459,263USD | -8,642,061USD | -677,892USD | -260,824USD |
| Capital Expenditures | 0USD | -3USD | -12,117,452USD | 0USD | -5USD |
| Free Cash Flow | -1,328,287USD | -1,459,260USD | -20,759,513USD | -677,890USD | -260,820USD |
| Total Cashflows From Investing Activities | 6,069,575USD | 12,320,164USD | -12,117,452USD | -3,822,397USD | -75,000,000USD |
| Net Borrowings | 1,127,262USD | 1,191,866USD | 20,700,066USD | — | — |
| Total Cash From Financing Activities | -4,738,451USD | -11,027,925USD | 20,700,066USD | 3,822,396USD | 76,461,781USD |
| Sale Purchase Of Stock | -5,865,713USD | -12,219,791USD | -58,351,987USD | — | — |
| Change In Cash | 2,837USD | -5,575USD | -59,447USD | -891,075USD | 1,200,956USD |
| Begin Period Cash Flow | 1,185USD | 6,760USD | 65,382USD | 1,200,956USD | — |
| End Period Cash Flow | 4,022USD | 1,185USD | 5,935USD | 309,881USD | 1,200,956USD |
| Other Cashflows From Investing Activities | 6,069,575USD | — | 750,000USD | — | — |
| Unclassified Investing Cash Flow | — | 12,320,167USD | — | -3,822,397USD | -74,999,995USD |
| Depreciation | — | — | 16,671USD | — | — |
| Other Cashflows From Financing Activities | — | — | 58,351,987USD | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Operating metrics
No operating metrics are currently published for this company.
Revenue breakdown
| Period | Dimension | Business / region | Revenue | Currency | Source |
|---|---|---|---|---|---|
| Q1 2026Quarterly · 2026-03-31 | Product | Export Sales | 80,000 | USD | 0001213900-26-060654 |
| Q1 2026Quarterly · 2026-03-31 | Product | Korean Domestic Sales | 1,799,000 | USD | 0001213900-26-060654 |
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.