Evolution Metals & Technologies Corp.EMAT
NasdaqGM•Basic Materials•Other Industrial Metals & Mining
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.
Evolution Metals & Technologies (EMAT) reported trailing twelve months revenue of $1.88M as of March 2026, a Infinity% increase year-over-year. Quarterly revenue reached $1.88M, reflecting continued top-line momentum.
Evolution Metals & Technologies reported a TTM net loss of $441.58M, with quarterly EBITDA of $-15.40M. The operating margin expanded from -60492300.0% to -833.2%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (-833.2%) and net margin (-23433.4%) indicates significant non-operating expenses or interest burden. Net margin has improved from -52044100.0% a year ago, signaling stronger bottom-line efficiency.
EMAT trades at a P/S of 2194.9x.
The company reported negative free cash flow of $-5.59M, indicating cash consumption over the period. The balance sheet shows $85.62M in total assets with $2.61M in long-term debt against $-10.82M in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 18 quarters of fundamental data
Operating margins are under pressure, averaging -45367554.1%. The business may lack pricing power or face rising costs.'
Limited ROE data for a reliable assessment.
Only 0 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 18 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.
Shares outstanding increased 28375.3% — significant dilution, likely from stock compensation or capital raises.