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Financial statements

5E Advanced Materials, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data 5E Advanced Materials, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2022FY2022FY2023FY2024FY2025FY2026
Research and development00.130.260.050
General and administrative11.654.725.422.914.412.1
Operating expenses17.667.836.735.943.743.3
Operating income-17.6-67.8-36.7-35.9-43.7-43.3
Interest expense0.010.016.856.26.460.02
Interest income0.0101.150.250.10.44
Other non-operating income-1.621.126.08-26.212.30.41
Pre-tax income-19.3-66.7-30.6-62-31.4-42.9
Income tax00000.180
Net income-19.3-66.7-30.6-62-31.6-42.9
EBITDA-17.6-67.7-36.5-30.7-23.8-22
EPS, basic-12.88-37.50-16.11-27.15-3.95-1.43
EPS, diluted-12.88-37.50-16.11-27.15-3.95-1.43
Shares, basic (weighted)1.491.771.912.28830
Shares, diluted (weighted)1.491.771.912.28830

Balance sheet

FY2022FY2022FY2023FY2024FY2025FY2026
Cash and equivalents40.831.120.34.93.8419.5
Other current assets0.161.511.811.910.780.63
Total current assets4132.622.16.814.6120.1
Property, plant and equipment1.52.873.0673.953.734.4
Lease right-of-use assets0.210.370.210.280.140.06
Other non-current assets0
Total assets64.670.910189.570.768
Accounts payable1.193.461.490.850.890.58
Accrued liabilities0.140.781.072.260.870.95
Short-term debt00.040.040.040.040.02
Total current liabilities1.697.388.869.716.432.82
Long-term debt0.090.1561.871.70.020
Lease liabilities0.130.210.070.150.070
Total liabilities2.288.2247.378.87.543.89
Total debt0.090.1537.764.80.020
Paid-in capital101170191211295338
Retained earnings-40.7-107-138-200-232-274
Other comprehensive income1.420
Shareholders' equity62.362.753.610.763.264.1
Total equity62.362.753.610.763.264.1
Total liabilities and equity64.670.910189.570.768
Shares outstanding1.671.882.752.752041.5

Cash flow statement

FY2022FY2022FY2023FY2024FY2025FY2026
Net income-19.3-66.7-30.6-62-31.6-42.9
Depreciation and amortization0.030.110.185.1719.921.4
Stock-based compensation6.386.74.953.492.11.18
Deferred income tax00
Change in payables0.242.530.822.674.170.03
Cash from operations-10.9-28.6-30.7-26.9-23.6-19
Capital expenditures-0.04-1.22-0.35-0.09-0.12-6.56
Cash from investing-13-11.4-39.3-7.19-1.97-7.62
Stock issued30.126.3015.8
Cash from financing37.830.659.318.624.542.3
Net change in cash13.9-9.39-10.7-15.4-1.0615.6
Free cash flow-10.9-29.8-31-27-23.8-25.6
Interest paid00.010.010.0200.02
Income taxes paid00.18

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $2.79 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-67.4%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-61.9%Net income / average total assets.
Return on invested capital (ROIC)-65.8%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

MetricValueHow it is calculated
Book value growth, 1y1.4%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y6.2%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y0.6%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-3.9%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-12.3%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y1.0%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y274.9%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y150.6%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y82.4%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio7.12xCurrent assets / current liabilities.
Quick ratio6.90x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio6.90x(Cash + short-term investments) / current liabilities.
Debt / equity0.00xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets0.0%Total debt / total assets.
Liabilities / assets5.7%Total liabilities / total assets.
Net debt-$19.5MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-2,407xOperating income / interest expense.
Working capital$17.3MCurrent assets - current liabilities.
Tangible book value$64.1MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.43Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$1.43Net income per basic share, as reported (split-adjusted).
FCF per share-$0.85Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.64Cash from operations / diluted weighted shares.
Book value per share$1.54Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$1.54Tangible book value / shares outstanding.
Cash per share$0.47(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$115.8MShare price x shares outstanding.
Enterprise value$96.4MMarket cap + total debt - cash - short-term investments.
P/B1.81xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.81xMarket cap / tangible book value, when positive.
FCF yield-22.1%Free cash flow / market cap.
Earnings yield-37.0%Net income / market cap (the inverse of P/E).
Was 5E Advanced Materials, Inc. profitable in fiscal 2026?

No. It reported a net loss of $42.9M.

How much free cash flow did 5E Advanced Materials, Inc. generate in fiscal 2026?

Cash from operations of $19.0M minus capital expenditures of $6.6M left free cash flow of -$25.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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