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Earthworks Industries
(EWK)
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Rating:51Neutral
Price Target:
C$0.04
▲(300.00% Upside)
Action:Reiterated
Date:08/17/26
The score is held down primarily by very weak financial performance (no revenue, ongoing losses and cash burn, and negative equity with meaningful debt), which raises material solvency and funding risk. Technical indicators are constructive (price above key moving averages with positive MACD), providing a partial offset. Valuation appears low on P/E, but the weak fundamentals and lack of dividend support keep the valuation component only moderate.
Positive Factors
Reduced Operating Cash Outflow
The lower TTM operating cash outflow indicates some moderation in cash consumption. While cash generation remains negative, sustained improvement could extend funding runway and support operations if paired with progress toward revenue generation.
Negative Factors
No Reported Revenue
Zero reported revenue means the company currently lacks demonstrated commercial scale and recurring top-line activity. Without revenue, operating leverage cannot develop, visibility remains poor, and the business depends on a future execution milestone to establish a sustainable model.
Read all positive and negative factors
Positive Factors
Negative Factors
Reduced Operating Cash Outflow
The lower TTM operating cash outflow indicates some moderation in cash consumption. While cash generation remains negative, sustained improvement could extend funding runway and support operations if paired with progress toward revenue generation.
Read all positive factors
Earthworks Industries (EWK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.77M
Dividend YieldN/A
Average Volume (3M)30.40K
Price to Earnings (P/E)1.6
Beta (1Y)2.75
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees250
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)-0.03
Shares Outstanding144,606,630
10 Day Avg. Volume24,485
30 Day Avg. Volume30,397
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)-0.29
Price to Sales (P/S)0.00
P/FCF Ratio-2.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Earthworks Industries Business Overview & Revenue Model
Company Description
Earthworks Industries Inc. is an emerging enterprise specializing in offering waste management and disposal services to both governmental and commercial clients across North America. The company is actively involved in developing and operating a c...
Earthworks Industries Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | May 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.32K | -1.05K | -778.00 | 0.00 | -877.00 | -677.00 |
| EBITDA | -1.31M | -1.18M | -14.10M | -819.00K | -1.38M | -607.00K |
| Net Income | -3.04M | -2.85M | -15.12M | 2.27M | -1.84M | -1.05M |
Balance Sheet | ||||||
| Total Assets | 43.20K | 162.95K | 26.28K | 13.09M | 12.11M | 11.23M |
| Cash, Cash Equivalents and Short-Term Investments | 30.15K | 53.99K | 16.54K | 908.87K | 209.21K | 288.09K |
| Total Debt | 1.97M | 7.12M | 1.49M | 3.96M | 899.12K | 853.41K |
| Total Liabilities | 9.03M | 8.86M | 6.87M | 5.48M | 9.72M | 9.12M |
| Stockholders Equity | -8.98M | -8.70M | -6.84M | 7.61M | 2.38M | 2.11M |
Cash Flow | ||||||
| Free Cash Flow | -585.99K | -1.17M | -1.32M | -1.32M | -801.21K | -675.86K |
| Operating Cash Flow | -586.00K | -1.17M | -1.32M | -1.26M | -376.69K | -553.32K |
| Investing Cash Flow | 0.00 | 0.00 | -39.21K | -63.78K | -424.52K | -122.54K |
| Financing Cash Flow | 577.16K | 1.21M | 462.14K | 2.02M | 722.33K | 895.05K |
Earthworks Industries Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$4.77M | 1.65 | -47.03% | ― | ― | ― | |
49 Neutral | C$49.03M | -9.43 | -14.00% | ― | 39.33% | -660.48% | |
44 Neutral | C$10.70M | -22.50 | 23.13% | ― | ― | 44.44% | |
44 Neutral | C$12.97M | -3.14 | 123.35% | ― | ― | 94.33% |
* General Sector Average
TSE:EWK
Earthworks Industries
0.03
-0.03
-45.00%
TSE:BAC
BacTech Environmental
0.05
0.00
0.00%
TSE:BLM
BluMetric Environmental
0.89
-0.46
-34.07%
TSE:CMC
Cielo Waste Solutions
0.07
0.01
18.18%
TSE:VTX
Vertex Resource Group Ltd.
0.17
-0.06
-27.66%
Earthworks Industries Corporate Events
Business Operations and Strategy
Earthworks Maps Modular Strategy for Copper and Rare Earth Recycling
Positive
Aug 26, 2026
Earthworks Industries has set out an initial development strategy for its newly acquired Critical Minerals Recycling and Recovery System, prioritizing copper and rare earth permanent magnets as its first recovery verticals. The company plans to ev...
Business Operations and Strategy
Earthworks Grants Stock Options as It Builds Critical Minerals Recovery Platform
Positive
Aug 17, 2026
Earthworks Industries has granted 3 million stock options to directors, advisors, employees, consultants and service providers, exercisable at $0.05 per share for five years and vesting immediately. The move uses equity-based compensation to align...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.