5E Advanced Materials, Inc. FEAM
We are a development stage company focused on becoming a vertically integrated global leader and supplier of refined borates and advanced boron derivative materials whose mission is to enable decarbonization, increase food security, and ensure domestic supply of critical materials. Our business strategy and objectives are to develop capabilities ranging from upstream extraction and product sales of borates, calcium-based co-products, and potentially other byproducts such as lithium carbonate, to downstream advanced boron material processing and development. Our vision is to safely process borates and other industrial materials through sustainable best practices and a continuous improvement mindset. We hold 100% of the rights through ownership and lode claims filed with the United States Bureau of Land Management in the 5E Boron Americas (Fort Cady) Complex located in southern California (the "Project"), through our wholly owned subsidiary 5E Boron Americas (formerly Fort Cady (California) Corporation ("5EBA")). Our Project is underpinned by a mineral resource that includes boron and lithium, with the boron being contained in a conventional boron mineral known as colemanite. In 2022, our facility was designated as Critical Infrastructure by the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency. We currently operate our small-scale facility (the "SSF") at the Project, which provides data and information necessary for us to ultimately establish a commercial-scale facility at the Project.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| R&D | $0 | $45.0K | $262.0K | $133.0K | $0 | — |
| SG&A | $14.4M | $22.9M | $25.4M | $54.7M | $11.6M | — |
| Total operating expenses | $43.7M | $35.9M | $36.7M | $67.8M | $17.6M | — |
| Operating income | -$43.7M | -$35.9M | -$36.7M | -$67.8M | -$17.6M | — |
| Interest expense | $6.5M | $6.2M | $6.9M | $6.0K | $5.0K | — |
| Pre-tax income | -$31.4M | -$62.0M | -$30.6M | -$66.7M | -$19.3M | — |
| Income tax | $179.0K | $0 | $0 | $0 | $0 | — |
| Net income | -$31.6M | -$62.0M | -$30.6M | -$66.7M | -$19.3M | — |
| EPS, basic | -3.95 | -27.15 | -0.70 | -1.63 | -0.56 | — |
| EPS, diluted | -3.95 | -27.15 | -0.70 | -1.63 | -0.56 | — |
| Shares, diluted (wtd. avg.) | 8.0M | 2.3M | 43.8M | 40.8M | 34.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $3.8M | $4.9M | $20.3M | $31.1M | $40.8M | $26.6M |
| Total current assets | $4.6M | $6.8M | $22.1M | $32.6M | $41.0M | — |
| Property, plant and equipment | $53.7M | $73.9M | $3.1M | $2.9M | $1.5M | — |
| Total assets | $70.7M | $89.5M | $100.9M | $70.9M | $64.6M | — |
| Accounts payable | $6.4M | $9.6M | $8.7M | $7.2M | $1.6M | — |
| Short-term debt | $44.0K | $42.0K | $40.0K | $38.0K | $0 | — |
| Total current liabilities | $6.4M | $9.7M | $8.9M | $7.4M | $1.7M | — |
| Long-term debt | $22.0K | $71.7M | $61.8M | $148.0K | $93.0K | — |
| Total liabilities | $7.5M | $78.8M | $47.3M | $8.2M | $2.3M | — |
| Retained earnings | -$231.6M | -$200.0M | -$138.0M | -$107.4M | -$40.7M | — |
| Total equity | $63.2M | $10.7M | $53.6M | $62.7M | $62.3M | $35.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$23.6M | -$26.9M | -$30.7M | -$28.6M | -$10.9M | — |
| Depreciation and amortisation | $19.9M | $5.2M | $184.0K | $112.0K | $31.0K | — |
| Stock-based compensation | $2.1M | $3.5M | $5.0M | $6.7M | $6.4M | — |
| Capital expenditure | $124.0K | $88.0K | $352.0K | $1.2M | $39.0K | — |
| Investing cash flow | -$2.0M | -$7.2M | -$39.3M | -$11.4M | -$13.0M | — |
| Financing cash flow | $24.5M | $18.6M | $59.3M | $30.6M | $37.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-223170.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Net income | — | -$19.3M | -$66.7M | -$30.6M | -$62.0M | -$31.6M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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