Complete Filing Data
Evolution Metals & Technologies Corp. reported Stockholders Equity of -$12.01 million for FY2025.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Evolution Metals & Technologies Corp. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Net Income * | -$1.8M | -$899.9K | -$54.3K | -$2.4M |
| General And Administrative Expense | $1.9M | $1.4M | $2.0M | $3.1M |
| Nonoperating Income Expense | $290.1K | $808.9K | $2.2M | $1.1M |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | -$1.8M | -$774.0K | -$54.3K | -$2.2M |
| Income Tax Expense Benefit | $38.7K | $126.0K | $180.7K | |
| Operating Income Loss | -$2.0M | -$1.6M | -$2.2M | -$3.3M |
| Operating Expenses | $3.3M | |||
| Sales And Excise Tax Payable Current | $719.1K | $583.5K | ||
| Income Taxes Paid Net | $12.6K | $188.2K | ||
| Accrued Income Taxes Current | $186.6K | $126.0K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income * | -$435.7K | -$521.0K | -$520.4K | -$80.7K | -$95.3K | -$70.2K | $164.3K | $26.5K | -$230.2K | -$816.1K | -$208.7K | -$569.3K | -$30.00 | -$1.0K |
| General And Administrative Expense | $472.2K | $570.2K | $567.7K | $215.1K | $277.7K | $272.0K | $544.4K | $330.6K | $858.3K | $1.1M | $263.0K | $527.1K | $30.00 | $1.0K |
| Nonoperating Income Expense | $41.0K | $98.3K | $97.1K | $180.5K | $258.6K | $260.7K | $507.9K | $502.1K | $845.1K | $349.0K | $104.3K | $7.8K | ||
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | -$426.0K | -$507.9K | -$507.9K | -$45.0K | -$69.0K | -$61.3K | -$97.6K | $121.5K | -$63.2K | -$763.6K | ||||
| Income Tax Expense Benefit | $9.7K | $13.1K | $12.6K | $35.7K | $26.2K | $8.8K | -$261.9K | $94.9K | $167.0K | $52.6K | ||||
| Operating Income Loss | -$467.0K | -$606.2K | -$604.9K | -$225.5K | -$327.7K | -$322.0K | -$605.5K | -$908.3K | -$1.1M | |||||
| Operating Expenses | $327.7K | $380.6K | $908.3K | $1.1M | $313.0K | $577.1K | $30.00 | $1.0K | ||||||
| Sales And Excise Tax Payable Current | $879.9K | $879.9K | $742.8K | $705.7K | ||||||||||
| Income Taxes Paid Net | ||||||||||||||
| Accrued Income Taxes Current | $178.4K | $163.8K | $146.8K | $70.8K |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Stockholders Equity | -$12.0M | -$10.8M | -$9.3M | -$5.9M | -$1.2M |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $4.0K | $1.2K | $168.2K | $523.1K | $1.2M |
| Temporary Equity Accretion To Redemption Value | $122.7K | $514.4K | $2.7M | $2.4M | |
| Liabilities | $12.2M | $10.9M | $9.4M | $6.6M | $2.8M |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | $2.8K | -$167.0K | -$354.9K | -$677.9K | |
| Retained Earnings Accumulated Deficit | -$12.0M | -$10.8M | -$9.3M | -$5.9M | -$1.2M |
| Liabilities And Stockholders Equity | $6.6M | $12.3M | $23.9M | $80.2M | $76.5M |
| Common Stock Value | $228.00 | $228.00 | $228.00 | $228.00 | $250.00 |
| Assets | $6.6M | $12.3M | $23.9M | $80.2M | $76.5M |
| Prepaid Expense And Other Assets Current | $141.2K | $14.1K | $833.00 | $25.0K | $332.6K |
| Liabilities Current | $9.5M | $8.2M | $6.6M | $3.9M | $140.4K |
| Cash | $4.0K | $1.2K | $6.8K | $309.9K | |
| Accretion For Redeemable Common Stock To Redemption Value | $514.4K | $2.7M | $2.4M | ||
| Cash And Cash Equivalents At Carrying Value | $4.0K | $1.2K | $6.8K | $309.9K | |
| Assets Current | $145.2K | $15.3K | $7.6K | $334.9K | |
| Restricted Cash | $0.00 | $161.4K | $213.2K | ||
| Temporary Equity Carrying Amount Attributable To Parent | $6.4M | $12.1M | $23.9M | $79.5M | |
| Assets Held In Trust Noncurrent | $6.5M | $12.3M | $23.8M | $79.6M | |
| Deferred Underwriting Fee Payable Non Current | $2.7M | $2.7M | $2.7M | $2.7M | |
| Accounts Payable Current | $1.8M | ||||
| Excise Tax On Redemption Of Common Stock | $58.7K | $122.1K | $583.5K | ||
| Taxes Payable Current | $180.7K | ||||
| Franchise Tax Payable Current | $80.0K | $163.4K | |||
| Repayment Of Notes Receivable From Related Parties | $124.2K | ||||
| Accounts Payable And Accrued Liabilities Current | $3.6M | $2.9M | $2.8M | ||
| Deferred Compensation Liability Classified Noncurrent | $2.6M | ||||
| Temporary Equity Value Excluding Additional Paid In Capital | $75.0M | ||||
| Restricted Cash Noncurrent | $161.4K | $213.2K | |||
| Origination Of Notes Receivable From Related Parties | $124.2K | ||||
| Gain Loss On Investments | $1.1M | ||||
| Excise Tax On Redemption Of Class A Common Stock | -$58.7K | -$122.1K | |||
| Other Assets | $334.9K | $1.5M | |||
| Assets Held In Trust Current | $75.0M | ||||
| Notes Payable Current | $60.8K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stockholders Equity | -$12.5M | -$12.0M | -$11.4M | -$10.1M | -$9.9M | -$9.5M | -$9.0M | -$7.6M | -$6.9M | -$3.9M | -$2.1M | -$1.9M | $24.0K | $24.0K | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $711.00 | $738.00 | $1.2K | $170.6K | $168.2K | $307.8K | $70.5K | $350.8K | $436.4K | $791.2K | $900.5K | $25.1K | |||||
| Temporary Equity Accretion To Redemption Value | $31.7K | $45.0K | $39.0K | $134.4K | $175.6K | $189.2K | $951.2K | $723.0K | $750.7K | $983.2K | $198.4K | ||||||
| Liabilities | $12.6M | $23.4M | $11.6M | $10.3M | $22.4M | $9.7M | $25.4M | $8.4M | $50.3M | $4.6M | $3.1M | $3.0M | |||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | -$447.00 | -$172.3K | -$300.4K | $25.1K | |||||||||||||
| Retained Earnings Accumulated Deficit | -$12.5M | -$12.0M | -$11.4M | -$10.1M | -$9.9M | -$9.5M | -$9.0M | -$7.6M | -$6.9M | -$3.9M | -$2.1M | -$1.9M | |||||
| Liabilities And Stockholders Equity | $6.6M | $12.4M | $12.4M | $12.3M | $24.5M | $24.2M | $40.0M | $39.1M | $81.0M | $79.0M | $78.3M | $78.4M | |||||
| Common Stock Value | $228.00 | $228.00 | $228.00 | $228.00 | $228.00 | $228.00 | $228.00 | $228.00 | $228.00 | $228.00 | $228.00 | $228.00 | |||||
| Assets | $6.6M | $12.4M | $12.4M | $12.3M | $24.5M | $24.2M | $40.0M | $39.1M | $81.0M | $79.0M | $78.3M | $78.4M | |||||
| Prepaid Expense And Other Assets Current | $149.7K | $144.5K | $21.7K | $20.3K | $40.5K | $42.1K | $65.8K | $78.3K | $12.4K | $138.2K | $260.9K | ||||||
| Liabilities Current | $9.9M | $20.7M | $8.9M | $7.6M | $19.7M | $7.0M | $22.7M | $1.9M | $426.2K | $345.3K | |||||||
| Cash | $233.00 | $738.00 | $1.2K | $2.6K | $6.8K | $94.6K | |||||||||||
| Accretion For Redeemable Common Stock To Redemption Value | $39.0K | $189.2K | $750.7K | $198.4K | |||||||||||||
| Cash And Cash Equivalents At Carrying Value | $233.00 | $738.00 | $1.2K | $2.6K | $6.8K | $94.6K | |||||||||||
| Assets Current | $149.7K | $145.2K | $22.5K | $21.4K | $43.1K | $6.8K | $136.7K | ||||||||||
| Restricted Cash | $168.0K | $161.4K | $213.2K | $70.3K | $213.2K | ||||||||||||
| Temporary Equity Carrying Amount Attributable To Parent | $6.4M | $986.3K | $12.2M | $12.1M | $12.0M | $24.0M | $23.6M | ||||||||||
| Assets Held In Trust Noncurrent | $6.4M | $12.2M | $12.4M | $12.2M | $24.3M | $24.0M | |||||||||||
| Deferred Underwriting Fee Payable Non Current | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | |||||||||||
| Accounts Payable Current | $2.8M | $2.7M | $2.8M | $2.8M | $2.6M | $2.6M | $727.7K | $122.3K | $18.5K | ||||||||
| Excise Tax On Redemption Of Common Stock | |||||||||||||||||
| Taxes Payable Current | $35.1K | $21.5K | $188.2K | $442.6K | $347.7K | $52.6K | $81.4K | $110.8K | $60.8K | ||||||||
| Franchise Tax Payable Current | $23.1K | $28.4K | $186.8K | $130.0K | |||||||||||||
| Repayment Of Notes Receivable From Related Parties | |||||||||||||||||
| Accounts Payable And Accrued Liabilities Current | $3.5M | $3.2M | $3.0M | $2.8M | |||||||||||||
| Deferred Compensation Liability Classified Noncurrent | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | ||||||||||
| Temporary Equity Value Excluding Additional Paid In Capital | $38.4M | $37.6M | $79.5M | $78.3M | $77.3M | $77.3M | |||||||||||
| Restricted Cash Noncurrent | $168.0K | $161.4K | |||||||||||||||
| Origination Of Notes Receivable From Related Parties | |||||||||||||||||
| Gain Loss On Investments | $845.1K | $7.8K | |||||||||||||||
| Excise Tax On Redemption Of Class A Common Stock | $53.8K | -$112.4K | -$122.2K | ||||||||||||||
| Other Assets | $448.8K | $929.3K | $1.2M | ||||||||||||||
| Assets Held In Trust Current | $38.9M | $80.6M | $79.6M | $78.5M | $77.4M | $77.3M | |||||||||||
| Notes Payable Current | $336.2K | $275.0K | $215.8K | $163.4K | $131.4K |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Net Cash Provided By Used In Operating Activities | -$1.3M | -$1.5M | -$1.3M | -$976.3K |
| Net Cash Provided By Used In Financing Activities | -$4.7M | -$11.0M | -$57.1M | $3.8M |
| Increase Decrease In Prepaid Deferred Expense And Other Assets | $110.7K | $13.2K | -$24.2K | -$307.6K |
| Net Cash Provided By Used In Investing Activities | $6.1M | $12.3M | $58.0M | -$3.5M |
| Increase Decrease In Accrued Income Taxes Payable | $60.7K | $126.0K | -$180.7K | $180.7K |
| Increase Decrease In Accounts Payable And Accrued Liabilities | $697.8K | $83.3K | $1.0M | $1.8M |
| Increase Decrease In Franchise Tax Payable | -$80.0K | -$83.4K | $102.6K | |
| Proceeds From Convertible Debt | $1.3M | $1.5M | ||
| Increase Decrease In Due To Affiliates Current | $120.0K | $120.0K | $88.0K | |
| Proceeds From Trust Accounts In Connection With Redemption | $12.2M | $58.4M | ||
| Payments For Repurchase Of Common Stock | $12.2M | $58.4M | ||
| Increase Decrease In Due To Affiliates | $88.0K | $126.0K | ||
| Payments Of Financing Costs | $45.5K | |||
| Proceeds From Related Party Debt | $1.1M | $1.2M | ||
| Payments For Proceeds From Other Investing Activities | $3.8M | |||
| Increase Decrease In Property And Other Taxes Payable | $102.6K | |||
| Proceeds From Trust Accounts To Pay Franchise And Federal Income Taxes | $203.9K | $100.4K | ||
| Increase Decrease In Payables To Broker Dealers | $126.0K | |||
| Proceeds From Issuance Of Common Stock | $45.5K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q1 2025 | Q1 2024 | Q1 2023 | Q1 2022 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided By Used In Operating Activities | -$474.9K | -$373.7K | $42.5M | -$300.4K | -$30.00 | |
| Net Cash Provided By Used In Financing Activities | $474.5K | $373.7K | -$42.5M | $2.3M | $25.1K | |
| Increase Decrease In Prepaid Deferred Expense And Other Assets | $7.6K | -$833.00 | $53.3K | -$71.8K | ||
| Net Cash Provided By Used In Investing Activities | -$125.0K | -$2.3M | ||||
| Increase Decrease In Accrued Income Taxes Payable | $20.9K | $21.5K | $167.0K | |||
| Increase Decrease In Accounts Payable And Accrued Liabilities | $52.5K | -$145.2K | $732.9K | $18.5K | $1.0K | $1.0K |
| Increase Decrease In Franchise Tax Payable | $23.1K | $50.0K | $52.5K | |||
| Proceeds From Convertible Debt | $373.7K | $125.0K | ||||
| Increase Decrease In Due To Affiliates Current | $30.0K | $30.0K | ||||
| Proceeds From Trust Accounts In Connection With Redemption | ||||||
| Payments For Repurchase Of Common Stock | ||||||
| Increase Decrease In Due To Affiliates | $30.0K | $4.0K | ||||
| Payments Of Financing Costs | $45.5K | |||||
| Proceeds From Related Party Debt | $474.5K | |||||
| Payments For Proceeds From Other Investing Activities | $125.0K | $2.3M | ||||
| Increase Decrease In Property And Other Taxes Payable | $52.5K | $50.0K | ||||
| Proceeds From Trust Accounts To Pay Franchise And Federal Income Taxes | ||||||
| Increase Decrease In Payables To Broker Dealers | $4.0K | $136.4K | ||||
| Proceeds From Issuance Of Common Stock | $45.5K |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Temporary Equity Redemption Price Per Share | $11.34 | $11.22 | $10.98 | $10.29 | $10.00 |
| Common Stock Shares Issued | 2.3M | 2.3M | 2.3M | 2.3M | 2.5M |
| Common Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Preferred Stock Shares Authorized | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M |
| Preferred Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Common Stock Shares Outstanding | 2.3M | 2.3M | 2.3M | 2.3M | 2.5M |
| Common Stock Shares Authorized | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M |
| Temporary Equity Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Temporary Equity Shares Issued | 564.3K | 1.1M | 2.2M | 7.7M | 7.5M |
| Earnings Per Share Diluted | |||||
| Earnings Per Share Basic |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Temporary Equity Redemption Price Per Share | $11.25 | $11.20 | $11.08 | $11.06 | $10.79 | $10.57 | $10.40 | $10.00 | $10.00 | $10.00 | ||
| Common Stock Shares Issued | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 4.1M | 2.3M | 2.3M | 2.3M |
| Common Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Preferred Stock Shares Authorized | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M |
| Preferred Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Common Stock Shares Outstanding | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M |
| Common Stock Shares Authorized | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M |
| Temporary Equity Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Temporary Equity Shares Issued | 564.3K | 89.1K | 1.1M | 1.1M | 2.2M | 2.2M | 3.6M | 3.6M | 7.7M | 7.7M | 7.7M | |
| Earnings Per Share Diluted | $-0.06 | |||||||||||
| Earnings Per Share Basic | $-0.06 |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Investment Income Interest | $276.6K | $808.9K | $2.2M | $1.1M | |
| Franchise Tax | $203.9K | $250.0K | $200.0K | $200.0K | |
| Other General Expense | $200.0K | ||||
| Franchise Taxes | -$92.4K | -$154.8K | $306.2K | ||
| Working Capital Loans Related Party Current | $2.9M | $1.7M | $549.1K | ||
| Income Loss Attributable To Parent | -$2.2M | ||||
| Due To Affiliate Current | $205.7K | $79.7K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investment Income Interest | $97.1K | $180.5K | $260.7K | $507.9K | $502.1K | $845.1K | $349.0K | $104.3K | $7.8K | ||||
| Franchise Tax | $36.0K | $37.2K | $10.4K | $50.0K | $50.0K | $61.1K | $50.0K | $50.0K | |||||
| Other General Expense | $50.0K | $50.0K | $50.0K | $50.0K | $50.0K | $50.0K | |||||||
| Franchise Taxes | $5.2K | -$10.4K | |||||||||||
| Working Capital Loans Related Party Current | $2.6M | $2.5M | $2.2M | $1.3M | |||||||||
| Income Loss Attributable To Parent | $121.5K | -$63.2K | -$763.6K | -$208.7K | -$569.3K | -$30.00 | |||||||
| Due To Affiliate Current | $199.2K | $222.6K | $216.1K |
Most recent annual filing with the SEC: February 20, 2026
Data sourced from SEC EDGAR public filings as of August 5, 2026.