EMAT reports Q1 GAAP net loss of $440.3M on $425M non-cash charge; adjusted loss $15.1M

Evolution Metals & Technologies Corp.

Adjusted net loss of $15.1M ($0.02/share) vs $2.5M in Q1 2025; GAAP net loss $440.3M including $425.2M non-cash fair-value charge.
Gross profit $0.4M (24% margin); operating loss $15.7M on $16.1M SG&A driven by consolidation and one-time public-company costs.
Subsequent to quarter-end: $100M convertible debenture facility with Yorkville secured on May 7, 2026.
Binding purchase orders for 13 ULVAC sintered magnet machines; expects annual capacity of ~10,000 metric tons by Nov 2026.
Policy tailwinds: Section 232 Proclamation, $12B Project Vault, DFARS deadline Jan 1, 2027 restricting Chinese-origin magnets.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Evolution Metals & Technologies Corp. reported financial results for the three months ended March 31, 2026.

Period: the three months ended March 31, 2026
Result: reported results

Exact text from the filing

On May 22, 2026, Evolution Metals & Technologies Corp. (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

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Evolution Metals & Technologies Corp. filing history →

Source: SEC EDGAR

accession 0001213900-26-060343

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