Blue Gold Limited Financials
This page shows Blue Gold Limited (BGL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
External financing is sustaining a business whose cash burn and liabilities are outrunning asset growth.
From FY2024 to FY2025, operating cash outflow worsened from-$6.2M to-$10.6M while financing inflow rose from$6.7M to$11.2M , which means the larger operating shortfall was covered by fresh capital rather than by the business generating cash on its own.
The cash drain is coming from the core cost structure, not from heavy reinvestment: FY2025 free cash flow at
The balance sheet tightened as liabilities climbed to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Blue Gold Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Blue Gold Limited's current ratio of 0.19 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Blue Gold Limited passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Blue Gold Limited generates $0.48 in operating cash flow (-$10.6M OCF vs -$21.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Blue Gold Limited earns $64.1 in operating income for every $1 of interest expense ($16.4M vs $256K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Blue Gold Limited's EBITDA was $16.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Blue Gold Limited reported -$21.9M in net income in fiscal year 2025. This represents a decrease of 88.3% from the prior year.
Blue Gold Limited earned $-1.56 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 22.8% from the prior year.
Cash & Balance Sheet
Blue Gold Limited generated -$10.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 60.4% from the prior year.
Blue Gold Limited held $679K in cash against $0 in long-term debt as of fiscal year 2025.
Blue Gold Limited had 35M shares outstanding in fiscal year 2025. This represents an increase of 254.7% from the prior year.
Margins & Returns
Capital Allocation
Blue Gold Limited invested $3K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 99.2% from the prior year.
BGL Income Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | $334K |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | -$335K |
| EPS (Diluted) | N/A | N/A | N/A | $-0.04 |
BGL Balance Sheet
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Total Assets | $38.0M+12.3% | $33.8M+1.0% | $33.4M | N/A |
| Current Assets | $2.9M+267.8% | $794K+83.5% | $433K | N/A |
| Cash & Equivalents | $679K+120.8% | $308K+80.4% | $171K | N/A |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $58.1M+20.3% | $48.3M+15.8% | $41.7M | N/A |
| Current Liabilities | $15.2M+32.0% | $11.5M+44.0% | $8.0M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Total Equity | -$20.2M-38.7% | -$14.5M-75.1% | -$8.3M-2379.1% | -$335K |
| Retained Earnings | -$33.9M-71.1% | -$19.8M-65.5% | -$12.0M | N/A |
BGL Cash Flow Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
BGL Financial Ratios
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | 0.19+0.1 | 0.07+0.0 | 0.05 | N/A |
| Debt-to-Equity | -2.88+0.4 | -3.33+1.7 | -5.03 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$20.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.19), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Blue Gold Limited profitable?
No, Blue Gold Limited (BGL) reported a net income of -$21.9M in fiscal year 2025.
What is Blue Gold Limited's EBITDA?
Blue Gold Limited (BGL) had EBITDA of $16.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Blue Gold Limited's free cash flow?
Blue Gold Limited (BGL) generated -$10.6M in free cash flow during fiscal year 2025. This represents a -60.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Blue Gold Limited's operating cash flow?
Blue Gold Limited (BGL) generated -$10.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Blue Gold Limited's total assets?
Blue Gold Limited (BGL) had $38.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Blue Gold Limited's capital expenditures?
Blue Gold Limited (BGL) invested $3K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Blue Gold Limited's current ratio?
Blue Gold Limited (BGL) had a current ratio of 0.19 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Blue Gold Limited's debt-to-equity ratio?
Blue Gold Limited (BGL) had a debt-to-equity ratio of -2.88 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Blue Gold Limited's return on assets (ROA)?
Blue Gold Limited (BGL) had a return on assets of -57.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Blue Gold Limited's cash runway?
Based on fiscal year 2025 data, Blue Gold Limited (BGL) had $679K in cash against an annual operating cash burn of $10.6M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Blue Gold Limited's debt-to-equity ratio negative or unusual?
Blue Gold Limited (BGL) has negative shareholder equity of -$20.2M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Blue Gold Limited's Piotroski F-Score?
Blue Gold Limited (BGL) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 Blue Gold Limited's earnings high quality?
Blue Gold Limited (BGL) has an earnings quality ratio of 0.48x, considered low quality (accrual-driven). 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.
Can Blue Gold Limited cover its interest payments?
Blue Gold Limited (BGL) has an interest coverage ratio of 64.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Blue Gold Limited?
Blue Gold Limited (BGL) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.