Contango Ore Financials

CTGO

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Contango Ore (CTGO) 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).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Contango Ore passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Mixed

-0.02x

For every $1 of reported earnings, Contango Ore generates $-0.02 in operating cash flow ($699K OCF vs -$38.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Adequate

2.2x

Contango Ore earns $2.2 in operating income for every $1 of interest expense ($26.3M vs $11.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Revenue

N/A

EBITDA

$26.4M

YoY+180.1%

Contango Ore's EBITDA was $26.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 180.1% from the prior year.

Free Cash Flow

N/A

Net Income

-$38.0M

YoY+35.7%

Contango Ore reported -$38.0M in net income in fiscal year 2024. This represents an increase of 35.7% from the prior year.

EPS (Diluted)

$-3.49

YoY+51.1%

Contango Ore earned $-3.49 per diluted share (EPS) in fiscal year 2024. This represents an increase of 51.1% from the prior year.

Cash & Debt

$20.1M

YoY+29.4%

5Y CAGR+18.5%

10Y CAGR+19.3%

Contango Ore held $20.1M in cash against $26.4M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

12M

YoY+29.4%

5Y CAGR+14.0%

10Y CAGR+12.4%

Contango Ore had 12M shares outstanding in fiscal year 2024. This represents an increase of 29.4% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

CTGO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.6M-5.6%	$11.2M+8.8%	$10.3M-0.2%	$10.4M+85.2%	$5.6M+26.0%	$4.4M
Operating Income	$26.3M+179.4%	-$33.1M	N/A	N/A	N/A	N/A
Interest Expense	-$11.7M-242.8%	-$3.4M-1136.9%	$330K	$0	N/A	N/A
Income Tax	-$83K	$0+100.0%	-$120K-109.2%	$1.3M	$0	$0
Net Income	-$38.0M+35.7%	-$59.1M-151.4%	-$23.5M-198.5%	$23.9M+358.3%	-$9.2M-10.6%	-$8.4M
EPS (Diluted)	$-3.49+51.1%	$-7.14-104.6%	$-3.49-191.4%	$3.82+367.1%	$-1.43	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.5M-20.1%	$3.1M+27.2%	$2.4M-6.3%	$2.6M+19.1%	$2.2M-11.2%	$2.5M	N/A	$2.8M
Operating Income	$25.0M+8.4%	$23.0M+19.6%	$19.3M-15.3%	$22.7M+837.8%	-$3.1M-8.0%	-$2.9M	N/A	-$9.6M
Interest Expense	-$1.7M+15.2%	-$2.0M+26.0%	-$2.7M+25.4%	-$3.7M-26.1%	-$2.9M-43.8%	-$2.0M	N/A	-$848K
Income Tax	-$73K-39.6%	-$52K-123.4%	$224K-68.9%	$719K	$0	$0	N/A	$0
Net Income	-$5.4M-133.9%	$15.9M+170.6%	-$22.5M-132.2%	-$9.7M+47.6%	-$18.5M+9.5%	-$20.5M	N/A	-$13.1M
EPS (Diluted)	$-0.44-135.5%	$1.24+166.0%	$-1.88-132.1%	$-0.81+57.4%	$-1.90+11.2%	$-2.14	N/A	$-1.47

CTGO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$133.9M+128.5%	$58.6M+57.1%	$37.3M+3.7%	$36.0M+1066.3%	$3.1M-64.8%	$8.8M
Current Assets	$22.1M+31.0%	$16.9M-29.1%	$23.8M-33.8%	$35.9M+1065.1%	$3.1M-64.8%	$8.8M
Cash & Equivalents	$20.1M+29.4%	$15.5M-32.9%	$23.1M-34.4%	$35.2M+1069.4%	$3.0M-65.0%	$8.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$132.6M+81.3%	$73.1M+204.5%	$24.0M+1589.0%	$1.4M+30.5%	$1.1M+101.5%	-$74.7M
Current Liabilities	$75.8M+479.5%	$13.1M+768.6%	$1.5M+577.5%	$222K-79.6%	$1.1M+159.8%	$419K
Long-Term Debt	$26.4M-28.3%	$36.8M+91.2%	$19.2M	$0	$0	$0
Total Equity	$1.3M+108.7%	-$14.5M-209.6%	$13.3M-61.6%	$34.5M+1632.0%	$2.0M-97.6%	$83.4M
Retained Earnings	-$177.1M-27.4%	-$139.0M-137.5%	-$58.5M-67.1%	-$35.0M+40.5%	-$58.9M-18.6%	-$49.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$217.7M+42.1%	$153.1M+3.9%	$147.4M+10.1%	$133.9M+43.0%	$93.6M+41.5%	$66.2M+12.9%	$58.6M+6.8%	$54.9M
Current Assets	$108.1M+178.0%	$38.9M+4.9%	$37.1M+67.8%	$22.1M-13.9%	$25.6M+183.5%	$9.0M-46.3%	$16.9M-16.1%	$20.1M
Cash & Equivalents	$107.0M+193.5%	$36.5M+4.2%	$35.0M+74.4%	$20.1M-16.8%	$24.1M+216.6%	$7.6M-50.9%	$15.5M-16.2%	$18.5M
Inventory	N/A	$804K	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$169.8M+9.2%	$155.5M-7.4%	$167.9M+26.6%	$132.6M+0.8%	$131.5M+31.2%	$100.2M+37.0%	$73.1M+66.9%	$43.8M
Current Liabilities	$95.2M+15.9%	$82.1M-9.8%	$91.0M+20.1%	$75.8M+49.9%	$50.5M+54.4%	$32.7M+150.4%	$13.1M+161.4%	$5.0M
Long-Term Debt	$30.6M-1.4%	$31.0M-1.0%	$31.4M+18.9%	$26.4M-41.0%	$44.7M+26.3%	$35.4M-3.8%	$36.8M+11.9%	$32.9M
Total Equity	$47.8M+2099.2%	-$2.4M+88.3%	-$20.5M-1711.1%	$1.3M+103.4%	-$37.9M-11.2%	-$34.0M-134.1%	-$14.5M-231.7%	$11.0M
Retained Earnings	-$189.1M-2.9%	-$183.7M+8.0%	-$199.6M-12.7%	-$177.1M+0.6%	-$178.1M-11.6%	-$159.5M-14.7%	-$139.0M-24.8%	-$111.4M

CTGO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$699K+105.2%	-$13.6M+2.7%	-$13.9M-66.4%	-$8.4M-501.9%	-$1.4M-30.1%	-$1.1M
Capital Expenditures	N/A	$0-100.0%	$44K+20.4%	$37K	N/A	N/A
Free Cash Flow	N/A	-$13.6M+3.0%	-$14.0M-66.2%	-$8.4M	N/A	N/A
Investing Cash Flow	-$32.1M+30.5%	-$46.2M-200.1%	-$15.4M-156.3%	$27.4M+835.3%	-$3.7M+10.1%	-$4.1M
Financing Cash Flow	$36.0M-45.9%	$66.5M+281.3%	$17.4M+31.8%	$13.2M+2876.5%	-$477K	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$23.3M+177.7%	$8.4M-70.7%	$28.6M+387.3%	-$9.9M-307.2%	-$2.4M+44.7%	-$4.4M+24.9%	-$5.9M-65.5%	-$3.6M
Capital Expenditures	N/A	N/A	N/A	$35K+10663.7%	-$333-104.4%	$8K+2145.5%	$334-95.2%	$7K
Free Cash Flow	N/A	N/A	N/A	$17.5M+815.2%	-$2.4M+44.8%	-$4.4M+24.8%	-$5.9M-65.2%	-$3.6M
Investing Cash Flow	-$202K-26.4%	-$160K	$0+100.0%	-$215K+98.2%	-$11.8M+23.7%	-$15.5M-110.3%	-$7.4M+72.8%	-$27.0M
Financing Cash Flow	$47.5M+790.6%	-$6.9M+49.7%	-$13.7M-130.3%	-$5.9M-119.3%	$30.7M+156.4%	$12.0M+17.2%	$10.2M-72.7%	$37.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CTGO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	69.1%	N/A	N/A
Return on Assets	-28.4%+72.5pp	-100.9%-37.8pp	-63.0%-129.4pp	66.4%+366.0pp	-299.6%-204.2pp	-95.4%
Current Ratio	0.29-1.0	1.29-14.5	15.80-146.0	161.79+159.0	2.83-18.1	20.90
Debt-to-Equity	20.72+23.2	-2.53-4.0	1.45+1.4	0.000.0	0.000.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-2.5%-12.9pp	10.4%+25.7pp	-15.3%-9.2pp	-6.1%+13.7pp	-19.8%+11.2pp	-31.0%	N/A	-24.0%
Current Ratio	1.14+0.7	0.47+0.1	0.41+0.1	0.29-0.2	0.51+0.2	0.28-1.0	1.29-2.7	4.02
Debt-to-Equity	0.64+13.6	-12.98-11.5	-1.53-22.2	20.72+21.9	-1.18-0.1	-1.04+1.5	-2.53-5.5	2.98
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.29), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Contango Ore profitable?

No, Contango Ore (CTGO) reported a net income of -$38.0M in fiscal year 2024.

What is Contango Ore's earnings per share (EPS)?

Contango Ore (CTGO) reported diluted earnings per share of $-3.49 for fiscal year 2024. This represents a 51.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Contango Ore's EBITDA?

Contango Ore (CTGO) had EBITDA of $26.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Contango Ore have?

As of fiscal year 2024, Contango Ore (CTGO) had $20.1M in cash and equivalents against $26.4M in long-term debt.

What is Contango Ore's operating cash flow?

Contango Ore (CTGO) generated $699K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Contango Ore's total assets?

Contango Ore (CTGO) had $133.9M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Contango Ore have outstanding?

Contango Ore (CTGO) had 12M shares outstanding as of fiscal year 2024.

What is Contango Ore's current ratio?

Contango Ore (CTGO) had a current ratio of 0.29 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Contango Ore's debt-to-equity ratio?

Contango Ore (CTGO) had a debt-to-equity ratio of 20.72 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Contango Ore's return on assets (ROA)?

Contango Ore (CTGO) had a return on assets of -28.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Contango Ore's Piotroski F-Score?

Contango Ore (CTGO) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Contango Ore's earnings high quality?

Contango Ore (CTGO) has an earnings quality ratio of -0.02x, considered mixed quality. 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 Contango Ore cover its interest payments?

Contango Ore (CTGO) has an interest coverage ratio of 2.2x, meaning it can adequately 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.