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.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation