Filing Flows › Evolution Metals & Technologies (EMAT) › Q1 2026
Evolution Metals & Technologies (EMAT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 22, 2026
Evolution Metals & Technologies (EMAT) reported revenue of $1.9M for the first quarter 2026 (Q1 2026). Operating margin was -833.2%.
Evolution Metals & Technologies, Q1 2026: revenue $1.9M, operating margin -833.2%, net earnings $440M, operating cash flow −$5.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9M | — | — |
| Operating profit | −$15.7M | — | — |
| Net earnings | $440M | — | — |
| Operating cash flow | −$5.6M | — | — |
What changed
Revenue was $1.9M in Q1 2026. Korean Domestic Sales was the largest line at 96% of revenue.
Gross margin was 23.7%. Operating costs exceeded revenue by $15.7M, an operating margin of -833.2%. Net earnings were −$440.3M.
Operating cash flow was −$5.6M. Non-cash charges added back $252K of depreciation and amortization. Working capital and other items used $446.1M. Capital expenditures of $24K exceeded it, leaving free cash flow of −$5.6M.
Questions
What was Evolution Metals & Technologies' revenue in the first quarter 2026?
Evolution Metals & Technologies (EMAT) reported revenue of $1.9M for the first quarter 2026 (Q1 2026).
Was Evolution Metals & Technologies profitable in the first quarter 2026?
Operating loss was $15.7M (-833.2% of revenue) and net earnings $440M.