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Earthworks Industries
(EWK)
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Rating:41Neutral
Price Target:
C$0.02
▲(90.00% Upside)
Action:Reiterated
Date:09/25/26
The score is driven primarily by severely stressed financial performance (no revenue, sustained losses, negative free cash flow, and negative equity with meaningful debt). Technical indicators also remain bearish with price below key moving averages and weak momentum. Valuation appears optically low on P/E, but offers limited support given the underlying financial risk.
Positive Factors
Improved TTM Cash Outflow
The lower operating cash outflow in the trailing period is a modest improvement in cash discipline and may reduce the immediate pace of funding needs. However, it remains only a partial positive because operating cash flow and free cash flow are still negative overall.
Negative Factors
No Revenue and Operating Losses
The absence of reported revenue across annual and trailing periods indicates that the business is not currently demonstrating sustainable top-line activity. Persistent negative gross profit, EBIT, and EBITDA further show that operating losses are structural in the available data, limiting visibility into a credible path to profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved TTM Cash Outflow
The lower operating cash outflow in the trailing period is a modest improvement in cash discipline and may reduce the immediate pace of funding needs. However, it remains only a partial positive because operating cash flow and free cash flow are still negative overall.
Read all positive factors
Earthworks Industries (EWK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.89M
Dividend YieldN/A
Average Volume (3M)25.52K
Price to Earnings (P/E)0.9
Beta (1Y)2.61
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. Volume22,514
30 Day Avg. Volume25,517
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 Technical Analysis
Negative
0.01
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
33.15
Neutral
11.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EWK, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.15 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EWK.
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% | |
49 Neutral | C$51.24M | -9.85 | -14.00% | ― | 39.33% | -660.48% | |
43 Neutral | C$9.51M | -22.50 | 23.13% | ― | ― | 44.44% | |
41 Neutral | C$2.89M | 0.94 | -47.03% | ― | ― | ― | |
41 Neutral | C$11.59M | -4.48 | 92.67% | ― | ― | 96.90% |
* General Sector Average
TSE:EWK
Earthworks Industries
0.02
-0.06
-75.00%
TSE:BAC
BacTech Environmental
0.05
>-0.01
-10.00%
TSE:BLM
BluMetric Environmental
0.91
-0.51
-35.92%
TSE:CMC
Cielo Waste Solutions
0.06
>-0.01
-8.33%
TSE:VTX
Vertex Resource Group Ltd.
0.20
-0.03
-14.89%
Earthworks Industries Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Earthworks Seeks One-Year Extension on 2.3 Million Share Purchase Warrants
Positive
Sep 21, 2026
Earthworks Industries Inc., a critical mineral recycling and recovery specialist, is advancing modular systems aimed at strengthening Western supply chains for strategic metals and expanding domestic critical minerals production capacity.The compa...
Business Operations and Strategy
Earthworks Builds Critical Minerals Feedstock Network for Copper and Rare Earth Recovery
Positive
Sep 2, 2026
Earthworks Industries Inc., a critical minerals recycling and recovery specialist, is building modular processing systems to recover copper and rare earths from end-of-life products, industrial materials and legacy mining waste. The company target...
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.