ATHENA GOLD NEW (AHNRD) Financials
Newest figures come from the 20-F for FY2025, filed Apr 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AHNRD SEC filings page.
This page shows ATHENA GOLD CORP NEW (AHNRD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The latest balance sheet is funded more by new capital than operations, while reported losses narrowed without improving cash generation.
The reported net loss narrowed from a loss of$637K in FY2024 to$135K in FY2025, making the income statement look less adverse. Yet operating cash flow moved from-$666K to-$1.71M , so the accounting improvement was not matched by cash generation—an earnings-quality gap rather than a margin story.
Total assets expanded from
Current assets of
Financial Health Signals
ATHENA GOLD CORP NEW does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
ATHENA GOLD CORP NEW passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass.
ATHENA GOLD CORP NEW reported a net loss of $135K while operations used $1.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
AHNRD files its annual report on Form 20-F and its quarterly results on Form 6-K, and SEC's XBRL data holds no figures from those 6-K reports, so the quarterly figures here stop at the quarter ended September 30, 2025, while the annual figures run through FY2025.
Earnings & Revenue
ATHENA GOLD CORP NEW reported $1.4M in net income in Q3 2025. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
ATHENA GOLD CORP NEW earned $0.01 per diluted share (EPS) in Q3 2025. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2025.
Not reported for Q3 2025.
Cash & Balance Sheet
ATHENA GOLD CORP NEW held $262K in cash as of Q3 2025; no long-term debt figure is on record for that period.
Not reported for Q3 2025.
Not reported for Q3 2025.
Margins & Returns
ATHENA GOLD CORP NEW's quarterly ROE was 16.7% in Q3 2025: one quarter's net income over shareholder equity, not annualized. This is up 19.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 18.7 percentage points.
Not reported for Q3 2025.
Not reported for Q3 2025.
Not reported for Q3 2025.
Capital Allocation
None of these metrics is reported for Q3 2025.
AHNRD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2520-F | Q2'25 | Q1'25 | Q4'2420-F | Q3'2420-F | Q2'24 | Q1'24 | Q4'2320-F |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $108K+34.4% | $273K+260.3% | $210K+63.3% | N/A | $80K-9.9% | $76K-37.3% | $129K-8.3% | N/A |
| Operating Income | -$274Kn/m | -$526Kn/m | -$264Kn/m | N/A | -$152Kn/m | -$98Kn/m | -$169Kn/m | N/A |
| Interest Expense | $2K+31.1% | $1K+295.8% | $1Kn/m | N/A | $2Kn/m | $378n/m | $0 | N/A |
| Net Income | $1.4Mn/m | -$137Kn/m | $103Kn/m | $45K | -$164K-128.4% | -$177Kn/m | -$122K-150.9% | N/A |
| EPS (Basic) | $0.01n/m | $0.00n/m | $0.00n/m | N/A | $0.00n/m | $0.00n/m | $0.00n/m | N/A |
| EPS (Diluted) | $0.01n/m | $0.00n/m | $0.00n/m | N/A | $0.00n/m | $0.00n/m | $0.00n/m | N/A |
| Diluted Shares (Avg) | 260M+49.8% | 211M+22.2% | 195M+13.4% | N/A | 174M+15.4% | 172M+17.3% | 172M+26.2% | N/A |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Income Tax.
AHNRD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2520-F | Q2'25 | Q1'25 | Q4'2420-F | Q3'2420-F | Q2'24 | Q1'24 | Q4'2320-F |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.9M+33.9% | $7.6M+12.8% | $6.8M-1.2% | $7.0M+3.7% | $6.7M+6.3% | $6.7M+2.0% | $6.9M+11.0% | $6.7M+8.0% |
| Current Assets | $4.8M+1017.6% | $1.3M+179.5% | $578K+1279.3% | $734K+1414.7% | $434K+420.9% | $480K+22.1% | $42K+115.7% | $48K+2.5% |
| Cash & Equivalents | $262K+3893.3% | $552K+3498.3% | $82K+418.6% | $242K+8521.2% | $7K-82.4% | $15K-95.2% | $16K+364.3% | $3K-81.4% |
| Total Liabilities | $682K-26.5% | $764K-2.1% | $562K-6.1% | $841K+97.7% | $928K+52.5% | $780K-47.9% | $598K-39.6% | $425K-66.8% |
| Current Liabilities | $191K-72.2% | $317K-44.1% | $160K-50.2% | $390K+21.6% | $687K+210.0% | $567K+75.0% | $322K-16.9% | $320K+14.3% |
| Non-Current Liabilities | $491K+104.1% | $447K+109.5% | $402K+45.2% | $451K+330.6% | $241K-37.7% | $213K-81.8% | $277K-54.1% | $105K-89.5% |
| Total Equity | $8.3M+43.0% | $6.8M+14.8% | $6.3M-0.7% | $6.2M-2.6% | $5.8M+1.8% | $5.9M+16.6% | $6.3M+20.6% | $6.3M+27.2% |
| Retained Earnings | -$10.3Mn/m | -$11.7Mn/m | -$11.6Mn/m | -$11.6Mn/m | -$11.8Mn/m | -$11.6Mn/m | -$11.2Mn/m | -$11.0Mn/m |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Long-Term Debt.
AHNRD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2520-F | Q2'25 | Q1'25 | Q4'2420-F | Q3'2420-F | Q2'24 | Q1'24 | Q4'2320-F |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$468Kn/m | -$210Kn/m | -$201Kn/m | -$439Kn/m | -$37Kn/m | -$122Kn/m | -$69Kn/m | -$55Kn/m |
| Stock-Based Compensation | N/A | N/A | $0-100.0% | N/A | N/A | N/A | $555-97.5% | N/A |
| Investing Cash Flow | $177K+574.1% | $8Kn/m | $42Kn/m | $0n/m | $26Kn/m | $0 | $0 | $0n/m |
| Financing Cash Flow | $0-100.0% | $672K+455.3% | $0-100.0% | $675K+3113.5% | $2Kn/m | $121K-82.5% | $82Kn/m | $21K+506.6% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
AHNRD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2520-F | Q2'25 | Q1'25 | Q4'2420-F | Q3'2420-F | Q2'24 | Q1'24 | Q4'2320-F |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 16.7%+19.6pp | -2.0%+1.0pp | 1.6%+3.6pp | 0.7% | -2.8%-13.0pp | -3.0%+2.5pp | -1.9%-6.5pp | N/A |
| Return on Assets | 15.5%+17.9pp | -1.8%+0.8pp | 1.5%+3.3pp | 0.7% | -2.5%-11.6pp | -2.6%+1.6pp | -1.8%-5.6pp | N/A |
| Current Ratio | 25.35+24.7x | 4.23+3.4x | 3.61+3.5x | 1.88+1.7x | 0.63+0.3x | 0.85-0.4x | 0.13+0.1x | 0.150.0x |
| Liabilities-to-Equity | 0.08-0.1x | 0.110.0x | 0.090.0x | 0.14+0.1x | 0.16+0.1x | 0.13-0.2x | 0.10-0.1x | 0.07-0.2x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Debt-to-Equity, Asset Turnover, FCF Margin.
Where ATHENA GOLD CORP NEW Ranks
Frequently Asked Questions
Is ATHENA GOLD CORP NEW profitable?
No, ATHENA GOLD CORP NEW (AHNRD) reported a net loss of $135K in fiscal year 2025.
What is ATHENA GOLD CORP NEW's return on equity (ROE)?
ATHENA GOLD CORP NEW (AHNRD) has a return on equity of -1.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is ATHENA GOLD CORP NEW's operating cash flow?
ATHENA GOLD CORP NEW (AHNRD) recorded an outflow of $1.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are ATHENA GOLD CORP NEW's total assets?
ATHENA GOLD CORP NEW (AHNRD) had $9.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is ATHENA GOLD CORP NEW's current ratio?
ATHENA GOLD CORP NEW (AHNRD) had a current ratio of 4.07 as of fiscal year 2025, which is generally considered healthy.
What is ATHENA GOLD CORP NEW's liabilities-to-equity ratio?
ATHENA GOLD CORP NEW (AHNRD) had a liabilities-to-equity ratio of 0.17 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is ATHENA GOLD CORP NEW's return on assets (ROA)?
ATHENA GOLD CORP NEW (AHNRD) had a return on assets of -1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is ATHENA GOLD CORP NEW's Piotroski F-Score?
ATHENA GOLD CORP NEW (AHNRD) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are ATHENA GOLD CORP NEW's earnings high quality?
ATHENA GOLD CORP NEW (AHNRD) reported a net loss of $135K while operations used $1.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.