Athena Gold (AHNRF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
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 AHNRF SEC filings page.
This page shows Athena Gold Corp (AHNRF) 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 (20-F and 6-K reports).
Financial Health Signals
We do not publish a peer-relative financial health score for Athena Gold Corp, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Athena Gold Corp 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 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
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Athena Gold Corp held $2.1M in cash as of Q4 2025; no long-term debt figure is on record for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
AHNRF 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 | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'246-K | Q3'246-K | Q2'246-K | Q1'246-K |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | N/A | $108K+34.4% | $273K+260.3% | $210K+63.3% | N/A | $80K-9.9% | $76K-37.3% | $129K-8.3% |
| Operating Income | N/A | -$274Kn/m | -$526Kn/m | -$264Kn/m | N/A | -$152Kn/m | -$98Kn/m | -$169Kn/m |
| Interest Expense | N/A | $2K+31.1% | $1K+295.8% | $1Kn/m | N/A | $2Kn/m | $378n/m | $0 |
| Net Income | N/A | $1.4Mn/m | -$137Kn/m | $103Kn/m | $45K | -$164K-128.4% | -$177Kn/m | -$122K-150.9% |
| EPS (Basic) | N/A | $0.01 | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m |
| EPS (Diluted) | N/A | $0.01 | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m |
| Diluted Shares (Avg) | N/A | 260M | 211M+22.2% | 195M+13.4% | N/A | 174M+15.4% | 172M+17.3% | 172M+26.2% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Income Tax.
AHNRF 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 | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'246-K | Q3'246-K | Q2'246-K | Q1'246-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.7M+38.4% | $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% |
| Current Assets | $5.6M+661.0% | $4.8M+1017.6% | $1.3M+179.5% | $578K+1279.3% | $734K+1414.7% | $434K+420.9% | $480K+22.1% | $42K+115.7% |
| Cash & Equivalents | $2.1M+754.5% | $262K+3893.3% | $552K+3498.3% | $82K+418.6% | $242K+8521.2% | $7K-82.4% | $15K-95.2% | $16K+364.3% |
| Short-Term Investments | N/A | $4.5M+1030.0% | $737K+68.1% | $408Kn/m | $376Kn/m | $401Kn/m | $439Kn/m | $0n/m |
| Long-Term Investments | N/A | $0n/m | $0n/m | $0-100.0% | $0-100.0% | $0n/m | $0n/m | $662Kn/m |
| Total Liabilities | $1.4M+63.2% | $682K-26.5% | $764K-2.1% | $562K-6.1% | $841K+97.7% | $928K+52.5% | $780K-47.9% | $598K-39.6% |
| Current Liabilities | $1.4M+252.1% | $191K-72.2% | $317K-44.1% | $160K-50.2% | $390K+21.6% | $687K+210.0% | $567K+75.0% | $322K-16.9% |
| Non-Current Liabilities | $0-100.0% | $491K+104.1% | $447K+109.5% | $402K+45.2% | $451K+330.6% | $241K-37.7% | $213K-81.8% | $277K-54.1% |
| Total Equity | $8.3M+35.0% | $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% |
| Retained Earnings | -$11.9Mn/m | -$10.3Mn/m | -$11.7Mn/m | -$11.6Mn/m | -$11.6Mn/m | -$11.8Mn/m | -$11.6Mn/m | -$11.2Mn/m |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
AHNRF 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 | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'246-K | Q3'246-K | Q2'246-K | Q1'246-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | -$468Kn/m | -$210Kn/m | -$201Kn/m | -$439Kn/m | -$37Kn/m | -$122Kn/m | -$69Kn/m |
| Stock-Based Compensation | N/A | N/A | N/A | $0-100.0% | N/A | N/A | N/A | $555-97.5% |
| Investing Cash Flow | N/A | $177K+574.1% | $8Kn/m | $42Kn/m | $0n/m | $26Kn/m | $0 | $0 |
| Financing Cash Flow | N/A | $0-100.0% | $672K+455.3% | $0-100.0% | $675K+3113.5% | $2Kn/m | $121K-82.5% | $82Kn/m |
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
AHNRF 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 | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'246-K | Q3'246-K | Q2'246-K | Q1'246-K |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | N/A | 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 |
| Return on Assets | N/A | 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 |
| Current Ratio | 4.07+2.2x | 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 |
| Liabilities-to-Equity | 0.170.0x | 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 |
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 Ranks
Frequently Asked Questions
No, Athena Gold Corp (AHNRF) reported a net loss of $135K in fiscal year 2025.
Athena Gold Corp (AHNRF) has a return on equity of -1.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Athena Gold Corp (AHNRF) recorded an outflow of $1.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Athena Gold Corp (AHNRF) had $9.7M in total assets as of fiscal year 2025, including both current and long-term assets.
Athena Gold Corp (AHNRF) had a current ratio of 4.07 as of fiscal year 2025, which is generally considered healthy.
Athena Gold Corp (AHNRF) 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.
Athena Gold Corp (AHNRF) had a return on assets of -1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Athena Gold Corp (AHNRF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $5.7M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Athena Gold Corp (AHNRF) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $5.7M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Athena Gold Corp (AHNRF) 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.
Athena Gold Corp (AHNRF) 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.