Critical Metals
CRML on Nasdaq. Metal mining. Market value $1.1bn.
This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to June 2025.
We can't read total debt from the filing, so debt is left out.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
The latest annual report is over 15 months old, so we don't rank it.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
What to watch out for
See Materials stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.
$7.36 a share, 44% above its 1-year low
Over the past year the price has ranged from $5.11 to $32.15.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | ||
| Revenue | n/a | n/a |
| Operating margin | ||
| Operating margin | n/a | n/a |
| Debt to equity | ||
| Debt to equity | n/a | n/a |
| Shares outstanding | ||
| Shares outstanding | 0.08bn | 0.10bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Not enough data
- DebtUnknown
- Revenue growth, five yearsUnknown
- Buying back its own sharesNo, 30% more shares since 2024
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 25 September 2026
- Next quarterly (estimated, 10-Q)
- n/a
Who owns it
None of the long-term investors we follow own it. 170 funds in all.
Largest holders overall
- Banque Cantonale Vaudoise$267mAdded
- BlackRock$46mAdded
- Marex Group$37mAdded
- Citadel Advisors$31mAdded
- UBS Group AG$28mCut
- Davidson Kempner Capital Management LP$15mNew
- Morgan Stanley$12mCut
- State Street$11mAdded
- Geode Capital Management$10mAdded
- Millennium Management$9mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- European Lithium Limited37.3%−2.2 ptsSince 3 February 2026
What they said
Item 4 of the Schedule 13D is hereby amended to incorporate the amendments set forth in Item 3 to this Amendment No. 7 to Item 4.
Read the filing - Gregory Bennett Barnesat least 11.5%(filed with 1 related holder)Since 29 April 2026
What they said
The information set forth in or incorporated by reference in item 3 of this Schedule 13D is hereby incorporated by reference in its entirety into this Item 4. Other than as described above, Rimbal was granted the right to appoint a nominee director to the Issuer's board of…
Read the filing - Alyeska Investment Group, L.P.Passive investorat least 8.1%−1.8 pts(filed with 2 related holders)Since 31 March 2026
- Empery Asset Management, LPPassive investorat least 2.0%−3.2 pts(filed with 2 related holders)Since 30 June 2025
| Holder | Stake | Since | |
|---|---|---|---|
European Lithium Limited | 37.3%−2.2 pts | 3 February 2026 | What they saidItem 4 of the Schedule 13D is hereby amended to incorporate the amendments set forth in Item 3 to this Amendment No. 7 to Item 4. Read the filing |
Gregory Bennett Barnes | at least 11.5% (filed with 1 related holder) | 29 April 2026 | What they saidThe information set forth in or incorporated by reference in item 3 of this Schedule 13D is hereby incorporated by reference in its entirety into this Item 4. Other than as described above, Rimbal was granted the right to appoint a nominee director to the Issuer's board of… Read the filing |
Alyeska Investment Group, L.P. Passive investor | at least 8.1%−1.8 pts (filed with 2 related holders) | 31 March 2026 | |
Empery Asset Management, LP Passive investor | at least 2.0%−3.2 pts (filed with 2 related holders) | 30 June 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 1 sold $402,750.
- Zhernov MykhailoDirectorSold
- Date
- 24 March 2026
- Shares
- 25,000
- Price
- $8.04
- Value
- $201,000
- Zhernov MykhailoDirectorSold
- Date
- 23 March 2026
- Shares
- 25,000
- Price
- $8.07
- Value
- $201,750
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 24 March 2026 | Zhernov Mykhailo Director | Sold | 25,000 | $8.04 | $201,000 |
| 23 March 2026 | Zhernov Mykhailo Director | Sold | 25,000 | $8.07 | $201,750 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
Critical Metals doesn’t file a US annual report (10-K), so we haven’t checked it.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.