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Evolution Metals & Technologies cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$17.0M in Q2 2026 · −$11.7M over twelve months

Operating cash flow−$9.2M
Capital spending−$7.7M
Free cash flow−$17.0M
Cash conversion cycle-292 days

Analysis

In Q2 2026, Evolution Metals & Technologies generated −$9.2M of operating cash flow and spent $7.7M on capital projects, leaving free cash flow of −$17.0M. That is $14.6M less than in Q2 2025 (−$2.4M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$11.7M; the largest uses were operating cash flow ($11.7M), other investing ($734K); besides operations, cash came from other financing ($7.7M); the cash balance fell by $4.7M.

Operating cash flow was −$9.2M against net income of −$11.9M. The largest differences: stock-based pay +$1.9M, payables −$403K, depreciation & amortization +$289K.

Its cash conversion cycle was -292 days (receivables 125 + inventory 80 − payables 496): suppliers fund its working capital.

Free cash flow

Evolution Metals & Technologies: free cash flow by quarterEvolution Metals & Technologies: free cash flow by quarter−$361KQ3 2024−$529KQ4 2024−$2.1MQ1 2025−$2.4MQ2 2025$3.4MQ3 2025−$256KQ4 2025−$5.6MQ1 2026−$17.0MQ2 2026
Operating cash flow less capital spending.
Evolution Metals & Technologies: operating cash flow against capital spendingEvolution Metals & Technologies: operating cash flow against capital spendingOperating cash flowCapital spending−$361K$0Q3 2024−$529K$0Q4 2024−$2.1M$0Q1 2025−$2.4M$0Q2 2025$3.4M$0Q3 2025−$256K$0Q4 2025−$5.6M$24KQ1 2026−$9.2M$7.7MQ2 2026
Latest (Q2 2026): Operating cash flow −$9.2M, Capital spending $7.7M.

Capital allocation, year by year

Evolution Metals & Technologies: where the cash came from (up) and went (down), by fiscal yearEvolution Metals & Technologies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedBuybacksFY2022: Operating cash flow −$976KFY2022: Net borrowing $1.5MFY2022: Shares issued $2.3M$3.9MFY2022FY2023: Operating cash flow −$1.3MFY2023: Net borrowing $1.3MFY2023: Buybacks −$58.4M$1.3MFY2023FY2024: Operating cash flow −$1.5MFY2024: Buybacks −$12.2MFY2024FY2025: Operating cash flow −$1.3MFY2025
Over these 4 years operating cash flow totalled −$5.1M; the largest uses were buybacks ($70.6M) and operating cash flow ($5.1M). Cash-flow statements as filed.

Where the cash came from and went

Evolution Metals & Technologies: sources (+) and uses (−) of cash, Q2 2026Evolution Metals & Technologies: sources (+) and uses (−) of cash, Q2 2026Other financing$18.8MOperating cash flow−$9.2MCapital spending−$7.7MExchange rates−$699KOther investing−$658KNet borrowing (+) / repaid (−)−$582KCash drawn (+) / kept (−)$134K
Evolution Metals & Technologies: sources (+) and uses (−) of cash, TTM to Q2 2026Evolution Metals & Technologies: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow−$11.7MOther financing$7.7MCash drawn (+) / kept (−)$4.7MOther investing−$734KNot reconciled−$1K

From profit to cash

Evolution Metals & Technologies: net income to operating cash flow, Q2 2026Evolution Metals & Technologies: net income to operating cash flow, Q2 2026Net income−$892MDepreciation & amortization$289KStock-based pay$1.9MDeferred taxes$100KReceivables$96KInventory−$40KPayables−$403KAccrued liabilities−$246KPrepaid and other assets$93KOperating cash flow−$9.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$9.2M−$7.7M—−$582K—$134K−$17.0M
Q1 2026−$5.6M−$24K$1.4M−$1.0M—$6.3M−$5.6M
Q4 2025−$256K————−$4K−$256K
Q3 2025$3.4M————−$1.0M$3.4M
Q2 2025−$2.4M—−$1.1M——$1.0M−$2.4M
Q1 2025−$2.1M—−$600K−$1.7M$5.5M−$1.1M−$2.1M
Q4 2024−$529K—————−$529K
Q3 2024−$361K————$169K−$361K

Evolution Metals & Technologies: income statement and cash flow

Evolution Metals & Technologies, Q2 2026: revenue $1.6M, operating margin -744.9%. The chart follows the revenue to costs, profit and cash.

Evolution Metals & Technologies: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.