EMAT

MKT CAP:$7B

Evolution Metals & Technologies Corp. Common Stock

Market Cap

$7B

Basic Materials·Industrial Materials·🇺🇸 United States·NASDAQ

Materials·Industrial·🇺🇸·NASDAQ

Stock Price

$9.31-$2.51 (-21.20%)

Apr 24, 2026

Company Details

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 i...

CEO

Frank Moon

IPO Date

Jan 6, 2026

Website

evolution-metals.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$2M

EPS (Diluted)

-$0.66

Free Cash Flow

-$2M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

Q3 2025

Sep 29, 2025

$0EPS -$0.16

Q2 2025

Jun 29, 2025

$0EPS -$0.16

Q1 2025

Mar 30, 2025

$0EPS -$0.15

FY 2024

Dec 30, 2024

$0EPS -$0.23

Q4 2024

Dec 30, 2024

$0EPS -$0.19

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$0	$0	-$65.7K
Q1 22	$0	$0	-$577.1K
Q2 22	$0	$0	-$313.0K
Q3 22	$0	$0	-$1M
Q4 22	$0	$0	-$1M
Q1 23	$0	$0	-$908.3K
Q2 23	$0	$0	-$380.6K
Q3 23	$0	$0	-$605.5K
Q4 23	$0	$0	-$328.5K
Q1 24	$0	$0	-$322.0K
Q2 24	$0	$0	-$327.7K
Q3 24	$0	$0	-$225.5K
Q4 24	$0	$0	-$707.7K
Q1 25	$0	$0	-$604.9K
Q2 25	$0	$0	-$606.2K
Q3 25	$0	$0	-$467.0K

Valuation

Quarter	P/S	P/E
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	191.5x
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	—	—
Q3 25	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$300.4K	-$300.4K
Q3 22	-$354.8K	-$354.8K
Q4 22	$86.7K	$86.7K
Q1 23	$42M	$42M
Q2 23	-$43M	-$43M
Q3 23	-$346.9K	-$346.9K
Q4 23	-$647.2K	-$647.1K
Q2 24	-$194.6K	-$194.6K
Q3 24	-$361.5K	-$361.5K
Q4 24	-$529.5K	-$529.5K
Q1 25	-$474.9K	-$474.9K
Q2 25	-$490.1K	-$490.1K
Q3 25	-$107.7K	-$107.7K

Capital Expenditures

Quarter	CapEx
Q1 22	$0
Q3 22	$0
Q4 22	$0
Q1 23	$5
Q2 23	$3
Q3 23	$0
Q4 23	$0
Q2 24	$0
Q3 24	$0
Q4 24	$3
Q1 25	$4
Q2 25	$0
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	—	+1923.6%
Q1 23	—	+57.4%
Q2 23	—	+21.6%
Q3 23	—	-45.6%
Q4 23	—	-75.3%
Q1 24	—	-64.6%
Q2 24	—	-13.9%
Q3 24	—	-62.8%
Q4 24	—	+115.4%
Q1 25	—	+87.9%
Q2 25	—	+85.0%
Q3 25	—	+107.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	—
Q3 22	$0	—
Q4 22	$0	—
Q1 23	$0	—
Q2 23	$0	—
Q3 23	$0	—
Q4 23	$0	—
Q2 24	$0	—
Q3 24	$0	—
Q4 24	$0	—
Q1 25	$0	—
Q2 25	$0	—
Q3 25	$0	—

OpEx Breakdown

Quarter	SG&A
Q4 21	$4.9K
Q1 22	$527.1K
Q2 22	$263.0K
Q3 22	$1M
Q4 22	$1M
Q1 23	$858.3K
Q2 23	$330.6K
Q3 23	$555.5K
Q4 23	$278.5K
Q1 24	$272.0K
Q2 24	$277.7K
Q3 24	$215.1K
Q4 24	$670.1K
Q1 25	$567.7K
Q2 25	$570.2K
Q3 25	$472.2K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$1M	$0	$1M
Q1 22	$900.5K	$0	$900.5K
Q2 22	$791.2K	$0	$791.2K
Q3 22	$436.4K	$0	$436.4K
Q4 22	$65.4K	$0	$65.4K
Q1 23	$137.6K	$0	$137.6K
Q2 23	$208	$0	$208
Q3 23	$94.6K	$0	$94.6K
Q4 23	$5.9K	$0	$5.9K
Q1 24	$6.8K	$0	$6.8K
Q2 24	$38.3K	$0	$38.3K
Q3 24	$1.2K	$0	$1.2K
Q4 24	$1.2K	$0	$1.2K
Q1 25	$738	$0	$738
Q2 25	$711	$0	$711
Q3 25	$0	$0	$0

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	10M	—	—
Q1 22	10M	+3.0%	—
Q2 22	10M	0.0%	—
Q3 22	10M	0.0%	—
Q4 22	10M	0.0%	+3.0%
Q1 23	10M	-3.6%	-3.6%
Q2 23	6M	-38.7%	-40.9%
Q3 23	6M	-0.5%	-41.2%
Q4 23	4M	-24.2%	-55.5%
Q1 24	4M	0.0%	-53.8%
Q2 24	4M	-0.5%	-25.0%
Q3 24	3M	-24.0%	-42.8%
Q4 24	3M	0.0%	-24.5%
Q1 25	3M	0.0%	-24.5%
Q2 25	3M	-1.3%	-25.0%
Q3 25	3M	-18.8%	-19.8%

Shares Outstanding