Revenue remains negligible at $100.4K per quarter, while administrative costs have surged to $13.2 million, resulting in a net margin of -186.8% as of 2025Q4.
| Sales/Revenue | 560.62K | 117.66K | 111.22K | 0 | 0 |
| Revenue Growth % | 376.48% | 5.79% | - | - | - |
| Cost of Goods Sold | 11.25K | 26K | 0 | 0 | 0 |
| COGS % of Revenue | 2.01% | 22.1% | - | - | - |
| Gross Profit | 560.62K | -26K | 111.22K | 0 | 0 |
| Gross Margin % | 100% | -22.1% | 100% | - | - |
| Gross Profit Growth % | 2256.24% | -123.38% | - | - | - |
| Operating Expenses | 48.01M | 2.97M | 432.67K | 353.85K | 520.19K |
| OpEx % of Revenue | 8564.04% | 2528.24% | 389.03% | - | - |
| Selling, General & Admin | 48.01M | 2.97M | 1.99M | 353.85K | 520.19K |
| SG&A % of Revenue | 8564.04% | 2528.24% | 1791.02% | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -1.56M | 0 | 0 |
| Operating Income | -47.45M | -3M | -2.22M | -353.85K | -520.19K |
| Operating Margin % | -8464.04% | -2550.34% | -1998.37% | - | - |
| Operating Income Growth % | -1481.33% | -35.01% | -528.11% | 31.98% | - |
| EBITDA | -47.45M | -2.97M | -2.22M | -346.44K | -517.97K |
| EBITDA Margin % | -8463.85% | -2528.24% | -1992.3% | - | - |
| EBITDA Growth % | -1495.11% | -34.25% | -539.59% | 33.12% | - |
| D&A (Non-Cash Add-back) | 1.09K | 26K | 6.76K | 7.41K | 2.22K |
| EBIT | -47.47M | -110.81M | -328.2K | -345.49K | -531.4K |
| Net Interest Income | -576.27K | -36.68M | 2.41M | 8.36K | 6.31K |
| Interest Income | 0 | 0 | 2.41M | 8.36K | 6.44K |
| Interest Expense | 576.27K | 36.68M | 0 | 0 | 136 |
| Other Income/Expense | -4.42M | -144.49M | 0 | 8.36K | 18.64K |
| Pretax Income | -51.87M | -147.49M | 191.48K | -345.49K | -501.54K |
| Pretax Margin % | -9252.53% | -125350.15% | 172.17% | - | - |
| Income Tax | 0 | 0 | 445.31K | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 232.56% | 0% | 0% |
| Net Income | -51.87M | -147.49M | -5.45M | -345.49K | -501.54K |
| Net Margin % | -9252.53% | -125352.08% | -4900.48% | - | - |
| Net Income Growth % | 64.83% | -2606.12% | -1477.53% | 31.11% | - |
| Net Income (Continuing) | -51.87M | -147.49M | -5.45M | -345.49K | -501.54K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.56 | -1.82 | -0.01 | -0.02 | -0.01 |
| EPS Growth % | 69.23% | -15455.56% | 26.42% | - | - |
| EPS (Basic) | -0.56 | -1.82 | -0.01 | -0.02 | -0.01 |
| Diluted Shares Outstanding | 92.91M | 80.99M | 21.77M | 21.77M | 21.8M |
| Basic Shares Outstanding | 92.63M | 80.99M | 21.77M | 21.77M | 21.8M |
| Dividend Payout Ratio | - | - | - | - | - |
Insufficient Capital for Development
As reported in financial statements, CRML's revenue remains negligible at $100.4K per quarter, confirming its pre-commercial status as an exploration entity rather than an active producer, rendering traditional growth metrics like year-over-year revenue expansion largely irrelevant to the company's fundamental valuation and long-term operational viability.
The reported revenue figures appear to be incidental and do not reflect core lithium production, which has yet to commence at the Wolfsberg project. Investors should avoid extrapolating these small, non-core inflows into a growth trajectory, as the company's future depends entirely on successful project commissioning and subsequent off-take agreements.
Based on recent SEC filings, CRML's quarterly SG&A expenses have surged to $13.2 million, significantly outpacing the company's minimal revenue and highlighting a heavy reliance on stock-based compensation, which reached $6.5 million in the most recent quarter, further pressuring the firm's limited cash reserves.
The sharp increase in SG&A expenses suggests a transition toward higher corporate overhead following the SPAC merger. This cost structure warrants close monitoring, as the current burn rate appears unsustainable without significant external financing or a rapid shift toward operational milestones.
According to the latest income statement data, CRML reported a net loss of $18.7 million in 2025Q4, a figure heavily influenced by substantial stock-based compensation charges that complicate the assessment of true operational efficiency and dilute existing shareholders during this critical pre-production development phase.
The disconnect between the company's minimal revenue and its significant net losses underscores the high cost of maintaining a public listing while in the exploration stage. Analysts should interpret these losses as a reflection of the capital-intensive nature of de-risking the Wolfsberg asset rather than purely operational inefficiency.
As indicated by the provided financial data, the company's cash position of $7.3 million appears inadequate to support the massive capital expenditures required for full-scale mining operations, suggesting that future equity dilution or high-cost debt financing may be necessary to bridge the current funding gap.
Short-sellers may focus on the widening gap between administrative spending and the lack of a clear path to commercial production. The reliance on equity-based compensation to manage cash burn may further exacerbate downward pressure on the stock price if the market perceives the project timeline as slipping.
Quick answers to the most common questions about buying CRML stock.
For fiscal year 2025, Critical Metals Corp. (CRML) reported total revenue of $0.6M.
Critical Metals Corp. (CRML) reported a net loss of $51.9M for the fiscal year ending 2025.
Critical Metals Corp. (CRML) reported an operating income of $-47.5M, resulting in an operating profit margin of -8464.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Critical Metals Corp. (CRML) generated $0.6M in gross profit for the year, representing a gross profit margin of 100.0%. This demonstrates the company's core pricing power and production efficiency.