Saturday 17 October 2026 Export MMATQ’s income statement to Excel — free account

Meta Materials Inc.

Meta Materials Inc.’s revenue for fiscal 2023 (year ended December 2023) was $8.0 million, down 21.9% from fiscal 2022. Operating cash flow growth for three consecutive years.

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Market cap: $3.5M
P/E: 0.0×
Fwd P/E: 0.0×
Dividend yield: —
F-score: 2/9
Altman Z: −39.17
Beneish M: −33.98
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 3.52

Revenue 9.83

Net Income (387.07)

Free Cash Flow (39.41)

Net Debt (3.46)

Current Ratio 0.58

Debt/Equity 0.19

P/E ratio 0.00

Fwd P/E 0.00

P/S ratio 0.00

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth (100.00%)

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2021	2022	2023	Q'24
Cash	50	12	10	7
Receivables	2	1	2	2
Inventory	0	0	0	0
Other	76	—	—	—
	131	23	17	11

	2021	2022	2023	Q'24
Payables	13	7	10	10
ST’ Debt	0	0	1	1
Other	76	1	2	2
	92	20	24	19

Compound Annual Growth %

	10y	5y	3y
Sales	19.92%	44.09%	92.18%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	9.08%	4.01%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3	—	—	—	—
’23	1	2	2	2	8
’22	3	3	2	1	10
’21	1	1	1	2	4
’20	0	0	0	1	1
’19	0	0	0	0	1
’18	0	0	0	0	1

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(6)	—	—	—	—
’23	(16)	(10)	(11)	(5)	(42)
’22	(19)	(10)	(20)	(14)	(62)
’21	(2)	(3)	(10)	(19)	(35)
’20	0	(4)	(1)	(2)	(8)
’19	0	0	0	(4)	(4)
’18	1	(1)	(1)	0	(1)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(6)	—	—	—	—
’23	(17)	(15)	(13)	(6)	(51)
’22	(20)	(17)	(23)	(21)	(82)
’21	(4)	(5)	(13)	(26)	(48)
’20	(3)	(3)	(2)	(2)	(9)
’19	(3)	(2)	(3)	1	(6)
’18	(4)	(4)	(2)	(3)	(13)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.21)	—	—	—	—
’23	(5.00)	(65.00)	(2.00)	2.64	(69.67)
’22	(6.00)	(7.00)	(7.00)	(4.00)	(24.00)
’21	(26.15)	(3.00)	(4.00)	(13.00)	(39.00)
’20	(10.00)	(1.17)	(1.66)	3.64	(8.46)
’19	(4.00)	(2.00)	(4.00)	(18.00)	(16.88)
’18	(6.00)	(4.00)	(2.95)	(4.04)	(18.00)

Fiscal quarters ending in the months shown.

Group	Line	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024e
Price, $
Price, $	Low	—	—	84.00	190.00	106.00	110.00	42.00	136.00	63.00	4.35	Analyst estimates 2024–2026 Powerpack
	High	—	—	350.00	392.00	296.00	396.00	218.00	2,176.00	295.00	123.00
People
People	Employees	—	—	4	4	2	2	4	130	239	103
	Revenue/emp, $m	—	—	0.09	0.14	0.64	0.45	0.28	0.03	0.04	0.08
Income, $m
Income, $m	Revenue	—	—	0	1	1	1	1	4	10	8
	Gross margin, %	—	—	7.34	69.64	37.13	98.98	99.71	83.44	70.23	58.90
	EBT	—	—	(8)	(1)	(6)	(9)	(12)	(92)	(85)	(402)
	EBT margin, %	—	—	(2,168.26)	(161.24)	(452.79)	(945.09)	(1,051.95)	(2,249.83)	(832.69)	(5,041.37)
	Net income	—	—	(8)	(1)	(6)	(8)	(12)	(91)	(79)	(398)
	Depreciation	—	—	1	0	2	2	2	3	9	14
Per share, $
Per share, $	Revenue	—	—	1.64	1.91	3.76	1.80	0.82	1.75	3.11	1.38
	Earnings	—	—	(38.00)	(3.09)	(18.00)	(16.88)	(8.46)	(39.00)	(24.00)	(69.67)
	Cash flow	—	—	(22.38)	1.56	(3.43)	(8.72)	(5.78)	(14.93)	(18.96)	(7.33)
	Capex	—	—	(10.65)	(31.73)	(35.66)	(2.39)	(0.48)	(5.49)	(5.95)	(1.45)
	Free cash flow	—	—	(33.03)	(30.17)	(39.09)	(11.11)	(6.26)	(20.42)	(24.91)	(8.78)
	Book value	—	—	33.13	53.54	52.90	30.12	(6.48)	143.71	115.29	3.81
	Shares, m	—	—	0	0	0	1	1	2	3	6
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	142.35	136.88	29.75	84.25	171.25	140.34	35.41	4.92
	P/B	—	—	7.06	4.89	2.12	5.05	0.00	1.71	0.95	1.79
	EV/Sales	—	—	156.59	159.65	45.77	109.47	179.28	128.81	34.60	4.09
	EV/FCF	—	—	(7.79)	(10.13)	(4.41)	(17.92)	(23.31)	(11.06)	(4.26)	(0.63)
Cash, $m
Cash, $m	Operating cash flow	—	—	(5)	0	(1)	(4)	(8)	(35)	(62)	(42)
	Capex	—	—	(2)	(9)	(12)	(1)	(1)	(13)	(20)	(8)
	Free cash flow	—	—	(7)	(9)	(13)	(6)	(9)	(48)	(82)	(51)
Balance, $m
Balance, $m	Working capital	—	—	(2)	1	(1)	(13)	(10)	40	3	(6)
	Total debt	—	—	3	11	18	23	10	3	4	4
	Net debt	—	—	2	9	17	23	9	(47)	(8)	(7)
	Shareholders’ equity	—	—	7	16	18	15	(9)	335	379	22
Returns, %
Returns, %	ROA	—	—	(71.09)	(4.47)	(17.37)	(21.37)	(45.40)	(40.97)	(18.77)	(173.01)
	ROIC	—	—	(52.35)	(8.25)	(9.38)	(14.67)	(6,013.19)	(8.27)	(14.05)	(1,663.62)
	ROE	—	—	(146.02)	(7.96)	(34.17)	(51.04)	(376.44)	(55.86)	(22.18)	(200.51)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2023 · latest quarter Mar 2024

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NEON Neonode Inc.	$13.4M	1.6×	— (loss-making)	−20.37% (below 0%: shrinking)	n/m	−9.97% (below 0%: shrinking)	98.11%	(486.58%)	Compare
WETH Wetouch Technology Inc.	$13.4M	1.4×	—	+12.74% (above 0%: growing)	−5.26% (below 0%: shrinking)	+87.69% (above 0%: growing)	34.88%	22.61%	Compare
OST Ostin Technology Group Co., Ltd.	$10.2M	— (loss-making)	—	−60.75% (below 0%: shrinking)	−100.00% (below 0%: shrinking)	−72.90% (below 0%: shrinking)	2.02%	0.00%	Compare
MSAI MultiSensor AI Holdings, Inc.	$9.5M	— (loss-making)	— (loss-making)	+19.45% (above 0%: growing)	n/m	−105.04% (below 0%: shrinking)	45.78%	(153.45%)	Compare
GAUZ Gauzy Ltd.	$5.2M	— (loss-making)	— (loss-making)	−17.84% (below 0%: shrinking)	n/m	+54.56% (above 0%: growing)	21.37%	(62.38%)	Compare
VIAOY VIA optronics AG Sponsored ADR	$5.1M	— (loss-making)	— (loss-making)	+8.23% (above 0%: growing)	n/m	+23.55% (above 0%: growing)	20.96%	(8.60%)	Compare
MTEK Maris-Tech Ltd.	$4.7M	— (loss-making)	—	−10.33% (below 0%: shrinking)	n/m	−137.39% (below 0%: shrinking)	(36.00%)	0.00%	Compare
MMATQ Meta Materials Inc.	$3.5M	— (loss-making)	— (loss-making)	+131.70% (above 0%: growing)	n/m	+64.92% (above 0%: growing)	77.58%	(181.84%)
IMTE Integrated Media Technology Limited	$1.6M	— (loss-making)	— (loss-making)	+8,120.00% (above 0%: growing)	n/m	−100.35% (below 0%: shrinking)	(231.44%)	0.00%	Compare
Median of peers	$7.3M	—	—	−1.05%	—	−41.43%	21.17%	(4.30%)

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