NASDAQ : ELBM
Electra Battery Materials Corporation — Financial statements
Materials · Other Industrial Metals & Mining · Canada
Last price 0.4412 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 45.83M
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Financial statements
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 14.22M | 14.69M | 11.00M | 10.83M | 8.57M | 7.60M |
| Other Operating Expenses | 2.48M | 5.31M | ||||
| Operating Expenses | 16.63M | 16.39M | 13.18M | 13.35M | 15.75M | 18.35M |
| Operating Income | -16.63M | -16.39M | -13.18M | -13.35M | -15.75M | -18.35M |
| Interest Expense | -6.72M | -10.73M | -7.27M | -8.15M | -191.00K | |
| Interest & Investment Income | 328.00K | |||||
| Currency Exchange Gain (Loss) | -3.25M | 1.16M | -4.34M | 1.49M | -780.00K | 276.00K |
| Other Non Operating Income (Expenses) | 106.01M | 58.39M | -5.00M | 7.39M | 28.23M | -12.37M |
| EBT Excluding Unusual Items | 79.41M | 32.42M | -29.79M | -12.62M | 12.02M | -30.63M |
| Gain (Loss) on Sale of Investments | 5.00K | 347.00K | -163.00K | -809.00K | -2.72M | |
| Asset Writedown | -51.88M | 1.34M | ||||
| Other Unusual Items | -161.02M | -165.90M | -1.57M | |||
| Pretax Income | -81.61M | -133.47M | -29.45M | -64.67M | 12.55M | -34.92M |
| Net Income | -81.61M | -133.47M | -29.45M | -64.67M | 12.55M | -34.92M |
| Net Income to Common | -81.61M | -133.47M | -29.45M | -64.67M | 12.55M | -34.92M |
| Shares Outstanding (Basic) | 75.78M | 32.10M | 14.26M | 10.86M | 8.16M | 6.94M |
| Shares Outstanding (Diluted) | 75.78M | 32.10M | 14.26M | 10.86M | 10.19M | 6.94M |
| EPS (Basic) | -1.08 | -4.16 | -2.07 | -5.96 | 1.54 | -5.03 |
| EPS (Diluted) | -1.16 | -4.16 | -2.07 | -5.96 | -1.49 | -5.04 |
| Free Cash Flow | -30.41M | -20.40M | -17.57M | -36.75M | -63.47M | -18.97M |
| Free Cash Flow Per Share | -0.40 | -0.64 | -1.23 | -3.38 | -6.23 | -2.73 |
| EBITDA | -16.39M | -16.16M | -12.75M | -13.29M | -15.75M | -18.34M |
| D&A For EBITDA | 244.00K | 237.00K | 430.00K | 56.00K | 8.00K | 2.00K |
| EBIT | -16.63M | -16.39M | -13.18M | -13.35M | -15.75M | -18.35M |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 35.87M | 39.02M | 3.72M | 7.56M | 7.95M | 58.63M |
| Short-Term Investments | 12.00K | 595.00K | 433.00K | 1.77M | ||
| Cash & Short-Term Investments | 35.87M | 39.02M | 3.73M | 8.15M | 8.38M | 60.39M |
| Other Receivables | 860.00K | 666.00K | 1.31M | 1.08M | 3.08M | 957.00K |
| Receivables | 860.00K | 666.00K | 1.31M | 1.08M | 3.08M | 957.00K |
| Prepaid Expenses | 2.39M | 812.00K | 672.00K | 468.00K | 716.00K | 584.00K |
| Restricted Cash | 888.00K | |||||
| Other Current Assets | 1.34M | |||||
| Total Current Assets | 39.12M | 40.50M | 5.71M | 10.59M | 13.52M | 61.94M |
| Property, Plant & Equipment | 155.93M | 143.85M | 144.39M | 136.89M | 169.98M | 98.11M |
| Other Long-Term Assets | 1.21M | 1.21M | 1.35M | 1.21M | 4.03M | 7.57M |
| Total Assets | 196.26M | 185.56M | 151.45M | 148.69M | 187.52M | 167.61M |
| Accounts Payable | 5.69M | 4.24M | 3.42M | 8.75M | 18.85M | 3.54M |
| Accrued Expenses | 1.67M | 1.58M | 2.96M | 5.81M | 1.31M | 1.16M |
| Current Portion of Long-Term Debt | 63.96M | 40.10M | 25.66M | |||
| Current Portion of Leases | 50.00K | 55.00K | 50.00K | 43.00K | ||
| Current Unearned Revenue | 3.95M | 642.00K | ||||
| Other Current Liabilities | 33.12M | 81.66M | 1.58M | 1.43M | 8.28M | |
| Total Current Liabilities | 44.48M | 88.17M | 71.97M | 56.13M | 54.11M | 4.71M |
| Long-Term Debt | 46.85M | 43.36M | 7.82M | 4.30M | 3.78M | 23.29M |
| Long-Term Leases | 4.00K | 27.00K | 83.00K | 132.00K | 218.00K | |
| Long-Term Unearned Revenue | 3.12M | 3.12M | 3.12M | 849.00K | 1.12M | 264.00K |
| Other Long-Term Liabilities | 4.50M | 4.63M | 4.12M | 3.98M | 1.79M | 39.39M |
| Total Liabilities | 98.96M | 139.31M | 87.13M | 65.39M | 61.02M | 67.65M |
| Common Stock | 429.08M | 419.97M | 307.72M | 304.72M | 288.87M | 276.21M |
| Retained Earnings | -371.19M | -408.36M | -274.89M | -245.44M | -180.78M | -193.33M |
| Comprehensive Income & Other | 39.41M | 34.64M | 31.49M | 24.02M | 18.42M | 17.08M |
| Shareholders' Equity | 97.30M | 46.25M | 64.32M | 83.30M | 126.51M | 99.96M |
| Total Liabilities & Equity | 196.26M | 185.56M | 151.45M | 148.69M | 187.52M | 167.61M |
| Total Debt | 46.91M | 43.45M | 71.92M | 44.58M | 29.66M | 23.29M |
| Net Cash (Debt) | -11.03M | -4.42M | -68.19M | -36.42M | -21.27M | 37.11M |
| Net Cash Per Share | -0.15 | -0.14 | -4.78 | -3.35 | -2.09 | 5.35 |
| Filing Date Shares Outstanding | 106.80M | 103.74M | 14.84M | 14.30M | 8.86M | 7.84M |
| Total Common Shares Outstanding | 106.80M | 98.98M | 14.81M | 13.96M | 8.80M | 7.74M |
| Working Capital | -5.36M | -47.67M | -66.26M | -45.54M | -40.59M | 57.23M |
| Book Value Per Share | 0.91 | 0.47 | 4.34 | 5.97 | 14.38 | 12.91 |
| Tangible Book Value | 97.30M | 46.25M | 64.32M | 83.30M | 126.51M | 99.96M |
| Tangible Book Value Per Share | 0.91 | 0.47 | 4.34 | 5.97 | 14.38 | 12.91 |
| Machinery | 5.99M | 5.43M | ||||
| Construction In Progress | 57.53M | 48.25M | 43.99M | 45.07M | 76.05M | 5.01M |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -81.61M | -133.47M | -29.45M | -64.67M | 12.55M | -34.92M |
| Depreciation & Amortization | 331.00K | 295.00K | 495.00K | 56.00K | 48.00K | 2.00K |
| Asset Writedown & Restructuring Costs | 51.88M | -1.34M | ||||
| Loss (Gain) From Sale of Investments | -5.00K | -347.00K | 163.00K | 809.00K | 2.72M | |
| Stock-Based Compensation | 2.30M | 1.71M | 1.77M | 1.82M | 1.40M | 763.00K |
| Other Operating Activities | 60.31M | 112.17M | 16.20M | -2.92M | -28.18M | 14.34M |
| Change in Accounts Receivable | -407.00K | 644.00K | -229.00K | 1.85M | -2.12M | -587.00K |
| Change in Accounts Payable | 942.00K | 2.24M | -5.25M | -11.48M | -131.00K | -218.00K |
| Change in Unearned Revenue | 641.00K | 641.00K | ||||
| Change in Other Net Operating Assets | -1.50M | -140.00K | -204.00K | 247.00K | 1.12M | 1.02M |
| Operating Cash Flow | -18.98M | -15.91M | -17.01M | -23.05M | -15.85M | -16.88M |
| Capital Expenditures | -11.42M | -4.49M | -555.00K | -13.71M | -47.62M | -2.10M |
| Sale of Property, Plant & Equipment | 500.00K | |||||
| Investment in Securities | 4.00K | 17.00K | 930.00K | 816.00K | 525.00K | 152.00K |
| Other Investing Activities | 888.00K | -1.16M | 3.54M | -6.63M | ||
| Investing Cash Flow | -11.42M | -4.47M | 1.26M | -14.05M | -43.55M | -8.08M |
| Short-Term Debt Issued | 2.78M | |||||
| Long-Term Debt Issued | 10.72M | 68.70M | 3.90M | 54.25M | ||
| Total Debt Issued | 6.09M | 2.78M | 10.72M | 68.70M | 3.90M | 54.25M |
| Short-Term Debt Repaid | -2.78M | |||||
| Long-Term Debt Repaid | -77.00K | -42.00K | -48.08M | |||
| Lease Payments | -16.00K | -50.00K | -42.00K | -43.00K | ||
| Total Debt Repaid | -2.81M | -2.86M | -42.00K | -48.08M | ||
| Net Debt Issued (Repaid) | 3.28M | -77.00K | 10.68M | 20.62M | 3.90M | 54.25M |
| Issuance of Common Stock | 62.35M | 58.36M | 1.40M | 21.54M | 7.85M | 26.39M |
| Other Financing Activities | -2.25M | -2.58M | -180.00K | -5.62M | -3.27M | -1.76M |
| Financing Cash Flow | 63.38M | 55.70M | 11.90M | 36.54M | 8.48M | 78.88M |
| Foreign Exchange Rate Adjustments | -35.00K | -3.00K | 7.00K | 164.00K | 240.00K | 524.00K |
| Net Cash Flow | 32.95M | 35.31M | -3.84M | -392.00K | -50.67M | 54.45M |
| Free Cash Flow | -30.41M | -20.40M | -17.57M | -36.75M | -63.47M | -18.97M |
| Free Cash Flow Per Share | -0.40 | -0.64 | -1.23 | -3.38 | -6.23 | -2.73 |
| Levered Free Cash Flow | 4.15M | 61.22M | -18.65M | -35.03M | -35.88M | -6.30M |
| Unlevered Free Cash Flow | 8.35M | 67.92M | -14.10M | -29.94M | -35.88M | -6.18M |
| Free Cash Flow After Leases | -30.42M | -20.45M | -17.61M | -36.79M | -63.47M | -18.97M |
| Cash Interest Paid | 1.66M | 3.18M | ||||
| Change in Working Capital | -319.00K | 3.38M | -5.68M | -9.38M | -1.13M | 216.00K |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 45.10M | 75.82M | 26.75M | 21.14M | 58.48M | 137.68M |
| Enterprise Value | 52.99M | 127.39M | 62.01M | 53.89M | 65.10M | 105.30M |
| Last Close Price | 0.42 | 0.80 | 1.85 | 1.46 | 6.64 | 17.68 |
| PE Ratio | 6.31 | |||||
| PB Ratio | 0.66 | 2.25 | 0.60 | 0.34 | 0.63 | 1.74 |
| P/TBV Ratio | 0.66 | 2.25 | 0.60 | 0.34 | 0.63 | 1.74 |
| Debt / Equity Ratio | 0.48 | 0.94 | 1.12 | 0.54 | 0.23 | 0.23 |
| Net Debt / Equity Ratio | 0.11 | 0.10 | 1.06 | 0.44 | 0.17 | -0.37 |
| Net Debt / EBITDA Ratio | -0.67 | -0.27 | -5.35 | -2.74 | -1.35 | 2.02 |
| Net Debt / FCF Ratio | -0.36 | -0.22 | -3.88 | -0.99 | -0.34 | 1.96 |
| Quick Ratio | 0.83 | 0.45 | 0.07 | 0.17 | 0.21 | 13.03 |
| Current Ratio | 0.88 | 0.46 | 0.08 | 0.19 | 0.25 | 13.15 |
| Return on Equity (ROE) | -109.99% | -241.42% | -39.90% | -61.64% | 11.08% | -36.35% |
| Return on Assets (ROA) | -6.08% | -6.08% | -5.49% | -4.96% | -5.54% | -8.45% |
| Return on Capital Employed (ROCE) | -11.00% | -16.80% | -16.60% | -14.40% | -11.80% | -11.30% |
| Earnings Yield | -199.89% | -128.39% | -76.51% | -231.61% | 15.86% | -20.04% |
| FCF Yield | -48.19% | -19.63% | -45.64% | -131.63% | -80.19% | -10.89% |
| Buyback Yield / Dilution | -394.17% | -125.20% | -31.30% | -6.54% | -46.88% | -27.51% |