What is Dakota Gold Corp.'s earnings per share (EPS)?

Dakota Gold Corp. (DC) reported diluted earnings per share of $-0.27 for fiscal year 2025. This represents a 27.0% 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.

Dakota Gold Corp. Financials

Source SEC Filings (10-K/10-Q) Updated Mar 25, 2026 Currency USD FYE March

This page shows Dakota Gold Corp. (DC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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

Earnings Quality Low Quality

0.86x

For every $1 of reported earnings, Dakota Gold Corp. generates $0.86 in operating cash flow (-$25.4M OCF vs -$29.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-307.5x

Dakota Gold Corp. earns $-307.5 in operating income for every $1 of interest expense (-$30.8M vs $100K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

-$30.6M

YoY+10.3%

Dakota Gold Corp.'s EBITDA was -$30.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.3% from the prior year.

Net Income

-$29.5M

YoY+12.8%

Dakota Gold Corp. reported -$29.5M in net income in fiscal year 2025. This represents an increase of 12.8% from the prior year.

EPS (Diluted)

$-0.27

YoY+27.0%

Dakota Gold Corp. earned $-0.27 per diluted share (EPS) in fiscal year 2025. This represents an increase of 27.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$25.6M

YoY+18.9%

Dakota Gold Corp. generated -$25.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 18.9% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

134M

YoY+39.7%

Dakota Gold Corp. had 134M shares outstanding in fiscal year 2025. This represents an increase of 39.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$196K

YoY+37.0%

Dakota Gold Corp. invested $196K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 37.0% from the prior year.

DC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$9.8M-8.1%	$10.6M+9.6%	$9.7M-59.5%	$23.9M+1215.3%	$1.8M
Operating Income	-$30.8M+10.4%	-$34.3M+9.7%	-$38.0M-21.6%	-$31.3M-1395.0%	-$2.1M
Interest Expense	$100K-27.3%	$137K	$0	$0	N/A
Income Tax	-$63K-704.1%	-$8K+99.4%	-$1.2M+78.6%	-$5.7M	N/A
Net Income	-$29.5M+12.8%	-$33.9M+7.0%	-$36.4M-189.0%	-$12.6M-148.5%	$26.0M
EPS (Diluted)	$-0.27+27.0%	$-0.37+21.3%	$-0.47-34.3%	$-0.35-131.3%	$1.12

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	$3.2M+71.0%	$1.9M-2.4%	$1.9M	N/A	$2.4M-13.2%	$2.8M+24.4%	$2.2M	N/A
Operating Income	-$10.9M-58.0%	-$6.9M-80.2%	-$3.8M	N/A	-$10.2M-10.9%	-$9.2M-4.9%	-$8.8M	N/A
Interest Expense	$0	$0	$0	N/A	$56K+21.9%	$46K+22.0%	$37K	N/A
Income Tax	$19K+187.3%	$6K+7.2%	$6K	N/A	-$16K-37.2%	-$12K+28.9%	-$16K	N/A
Net Income	-$10.5M-62.3%	-$6.5M-72.6%	-$3.7M	N/A	-$10.1M-10.3%	-$9.2M-6.5%	-$8.6M	N/A
EPS (Diluted)	$-0.09-50.0%	$-0.06-50.0%	$-0.04	N/A	$-0.11-10.0%	$-0.100.0%	$-0.10	N/A

DC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	N/A	$95.4M-11.9%	$108.2M-9.9%	$120.1M+70.0%	$70.6M
Current Assets	N/A	$9.9M-62.1%	$26.2M-37.4%	$41.9M+254.0%	$11.8M
Cash & Equivalents	N/A	$9.4M-63.2%	$25.5M-38.3%	$41.4M+261.8%	$11.4M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$3.2M-31.4%	$4.7M-25.3%	$6.3M-81.0%	$32.8M
Current Liabilities	N/A	$2.7M-38.8%	$4.5M+76.8%	$2.5M+44.5%	$1.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	$92.2M-11.0%	$103.5M-9.0%	$113.8M+201.0%	$37.8M
Retained Earnings	N/A	-$76.5M-79.4%	-$42.7M-426.5%	$13.1M-49.1%	$25.7M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$119.2M-6.7%	$127.8M-3.6%	$132.6M+39.0%	$95.4M-5.4%	$100.8M-1.1%	$101.9M+0.8%	$101.0M-6.6%	$108.2M
Current Assets	$34.0M-20.2%	$42.6M-9.9%	$47.2M+375.7%	$9.9M-35.8%	$15.5M-7.8%	$16.8M+4.3%	$16.1M-38.7%	$26.2M
Cash & Equivalents	$33.0M-21.3%	$42.0M-9.9%	$46.6M+395.4%	$9.4M-36.0%	$14.7M-8.6%	$16.1M+6.4%	$15.1M-40.9%	$25.5M
Inventory	N/A	N/A	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	$3.3M+0.4%	$3.3M+47.7%	$2.2M-30.7%	$3.2M-57.0%	$7.5M+20.1%	$6.2M+55.8%	$4.0M-14.6%	$4.7M
Current Liabilities	$2.9M+1.5%	$2.9M+60.5%	$1.8M-34.6%	$2.7M-61.4%	$7.1M+16.4%	$6.1M+58.5%	$3.9M-14.0%	$4.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$116.0M-6.9%	$124.5M-4.5%	$130.4M+41.5%	$92.2M-1.2%	$93.3M-2.5%	$95.7M-1.4%	$97.1M-6.3%	$103.5M
Retained Earnings	-$97.3M-12.1%	-$86.8M-8.1%	-$80.3M-4.9%	-$76.5M-8.6%	-$70.5M-16.7%	-$60.4M-17.9%	-$51.3M-20.1%	-$42.7M

DC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$25.4M+19.2%	-$31.5M-0.6%	-$31.3M-215.7%	-$9.9M-357.5%	-$2.2M
Capital Expenditures	$196K+37.0%	$143K-86.4%	$1.1M+114.2%	$492K-44.0%	$879K
Free Cash Flow	-$25.6M+18.9%	-$31.6M+2.3%	-$32.4M-210.9%	-$10.4M-241.6%	-$3.0M
Investing Cash Flow	-$382K+33.4%	-$574K+65.5%	-$1.7M+81.9%	-$9.2M-93.7%	-$4.7M
Financing Cash Flow	$46.1M+189.8%	$15.9M-54.0%	$34.6M-29.4%	$49.0M+169.4%	$18.2M
Dividends Paid	N/A	N/A	N/A	$0-100.0%	$4.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$9.8M-110.4%	-$4.6M-18.0%	-$3.9M+48.2%	-$7.6M+5.3%	-$8.0M-41.8%	-$5.7M+44.5%	-$10.2M-70.0%	-$6.0M
Capital Expenditures	$111K	$0	$0+100.0%	-$378-1022.0%	$41-99.8%	$21K-83.0%	$123K-80.9%	$642K
Free Cash Flow	-$9.9M-112.8%	-$4.6M-18.0%	-$3.9M+48.2%	-$7.6M+5.3%	-$8.0M-41.2%	-$5.7M+44.9%	-$10.3M-55.4%	-$6.6M
Investing Cash Flow	-$276K-1281.2%	-$20K	$0-100.0%	$378+100.2%	-$179K+26.0%	-$242K-57.2%	-$154K+71.4%	-$537K
Financing Cash Flow	$1.1M+3239.6%	$33K-99.9%	$41.1M+1679.5%	$2.3M-66.1%	$6.8M-0.7%	$6.9M+7527.8%	-$93K-100.5%	$19.3M
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

DC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	-36.8%-1.6pp	-35.2%-24.1pp	-11.1%-79.8pp	68.8%
Return on Assets	N/A	-35.5%-1.9pp	-33.7%-23.2pp	-10.5%-47.3pp	36.8%
Current Ratio	N/A	3.62-2.2	5.85-10.7	16.50+9.8	6.74
Debt-to-Equity	N/A	0.03-0.0	0.050.0	0.05-0.8	0.87
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	-9.0%-3.9pp	-5.2%-2.3pp	-2.9%	N/A	-10.8%-1.3pp	-9.6%-0.7pp	-8.8%	N/A
Return on Assets	-8.8%-3.7pp	-5.1%-2.2pp	-2.8%	N/A	-10.0%-1.0pp	-9.0%-0.5pp	-8.5%	N/A
Current Ratio	11.61-3.2	14.77-11.5	26.31+22.7	3.62+1.4	2.17-0.6	2.74-1.4	4.17-1.7	5.85
Debt-to-Equity	0.030.0	0.030.0	0.02-0.0	0.03-0.0	0.08+0.0	0.06+0.0	0.040.0	0.05
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Dakota Gold Corp. profitable?

No, Dakota Gold Corp. (DC) reported a net income of -$29.5M in fiscal year 2025.

What is Dakota Gold Corp.'s EBITDA?

Dakota Gold Corp. (DC) had EBITDA of -$30.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Dakota Gold Corp.'s free cash flow?

Dakota Gold Corp. (DC) generated -$25.6M in free cash flow during fiscal year 2025. This represents a 18.9% 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 Dakota Gold Corp.'s operating cash flow?

Dakota Gold Corp. (DC) generated -$25.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Dakota Gold Corp.'s capital expenditures?

Dakota Gold Corp. (DC) invested $196K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Dakota Gold Corp. have outstanding?

Dakota Gold Corp. (DC) had 134M shares outstanding as of fiscal year 2025.

Are Dakota Gold Corp.'s earnings high quality?

Dakota Gold Corp. (DC) has an earnings quality ratio of 0.86x, 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 Dakota Gold Corp. cover its interest payments?

Dakota Gold Corp. (DC) has an interest coverage ratio of -307.5x, meaning it can struggle to 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.