EMAT reports Q1 2026 net loss of $441.6M, expects Nasdaq non-compliance notice for delayed 10-Q

Evolution Metals & Technologies Corp.

Net loss of $441.6M ($0.72 diluted EPS) driven by $425.2M non-cash fair value change on financial instruments.
Revenue of $1.9M, gross profit $445K; operating loss $16.9M on $17.3M SG&A expenses.
Company will miss Rule 12b-25 extension for Q1 10-Q filing due to overseas equipment purchase accounting complexities.
Expects Nasdaq non-compliance notice but believes grace period will apply; no immediate impact on listing.
Cash $5.4M, total assets $85.5M, stockholders' deficit $24.6M highlighting liquidity constraints.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Evolution Metals & Technologies Corp. reported the Three Months Ended March 31, 2026 results: revenue $ 1,879, net income $ (441,633 ), EPS $ (0.72 ).

Period: the Three Months Ended March 31, 2026
Revenue: $ 1,879
Net income: $ (441,633 )
EPS: $ (0.72 )
Result: reported results

Exact text from the filing

Revenues $ 1,879 Cost of sales (1,434 ) Gross profit 445 Operating expense: Selling, general and administrative (17,339 ) Operating loss (16,894 ) Other income (expense): Interest (expense) income, net (705 ) Other income (expense), net 1,170 Provision for credit losses — Change in fair value of financial instruments (425,227 ) Gain on foreign currency 15 Loss before income taxes (441,641 ) Income tax expense 8 Net loss $ (441,633 ) Net loss per share attributable to common stockholders Basic and diluted $ (0.72 ) Weighted average shares of common stock Basic and diluted 611,903,892

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Evolution Metals & Technologies Corp. filing history →

Source: SEC EDGAR

accession 0001213900-26-059660

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