Dakota Gold Corp. (DC) 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 Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DC SEC filings page.
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).
Dakota Gold remains a development-stage cash consumer: losses narrowed, but operations still depended on external financing because revenue was not reported.
Operating cash flow improved from-$31.5M in FY2024 to-$25.4M in FY2025, but the business still did not generate cash internally. FY2025 free cash flow of-$25.6M was nearly identical to operating cash flow, showing that low capital spending, not cash profitability, explained the small gap.
Liabilities were
External financing supplied
Financial Health Signals
Dakota Gold Corp. 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.
Dakota Gold Corp. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Dakota Gold Corp. reported a net loss of $29.5M while operations used $25.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Dakota Gold Corp.'s EBITDA was -$9.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 34.5% from the same quarter a year earlier. Against the prior quarter it is down 2.7%.
Dakota Gold Corp. reported -$8.3M in net income in Q2 2026. This represents a decrease of 29.1% from the same quarter a year earlier. Against the prior quarter it is up 1.3%.
Dakota Gold Corp. earned -$0.06 per diluted share (EPS) in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 14.3%.
Not reported for Q2 2026.
Cash & Balance Sheet
Dakota Gold Corp. recorded an outflow of $7.4M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 58.3% from the same quarter a year earlier. Against the prior quarter it is up 10.5%.
Dakota Gold Corp. held $99.3M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Dakota Gold Corp.'s ROE was -4.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Dakota Gold Corp. reported no capital expenditure in Q2 2026. Against the prior quarter it is down 100.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
DC 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $2.7M+47.1% | $2.5M+29.8% | N/A | $3.2M+30.7% | $1.9M-33.7% | $1.9M-15.4% | N/A | $2.4M+26.7% |
| Operating Income | -$9.2M-34.3% | -$9.0M-135.6% | N/A | -$10.9M-6.2% | -$6.9M+25.5% | -$3.8M+56.6% | N/A | -$10.2M-15.4% |
| EBITDA | -$9.2M-34.5% | -$8.9M-137.4% | N/A | -$10.8M-6.3% | -$6.8M+25.5% | -$3.8M+56.8% | N/A | -$10.2M-16.2% |
| Interest Expense | $10K | N/A | N/A | $0-100.0% | $0-100.0% | $0-100.0% | N/A | $56K |
| Income Tax | $11K+71.9% | $487-91.9% | N/A | $19K+216.1% | $6K+155.4% | $6K+136.8% | N/A | -$16K+93.8% |
| Net Income | -$8.3M-29.1% | -$8.5M-125.9% | N/A | -$10.5M-4.0% | -$6.5M+29.4% | -$3.7M+56.4% | N/A | -$10.1M-18.1% |
| EPS (Basic) | -$0.060.0% | -$0.07-75.0% | -$0.08-33.3% | -$0.09+18.2% | -$0.06+40.0% | -$0.04+60.0% | -$0.06+45.5% | -$0.110.0% |
| EPS (Diluted) | -$0.060.0% | -$0.07-75.0% | -$0.08-33.3% | -$0.09+18.2% | -$0.06+40.0% | -$0.04+60.0% | -$0.06+45.5% | -$0.110.0% |
| Diluted Shares (Avg) | 134M+19.5% | 124M+26.9% | N/A | 112M+20.1% | 112M+27.5% | 98M+11.6% | N/A | 94M+19.9% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses.
DC 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $187.8M+46.9% | $193.7M+46.1% | $115.9M+21.5% | $119.2M+18.3% | $127.8M+25.5% | $132.6M+31.2% | $95.4M-11.9% | $100.8M+6.1% |
| Current Assets | $100.3M+135.6% | $107.7M+127.9% | $30.4M+205.6% | $34.0M+119.5% | $42.6M+153.8% | $47.2M+193.8% | $9.9M-62.1% | $15.5M+15.3% |
| Cash & Equivalents | $99.3M+136.6% | $106.9M+129.4% | $29.7M+215.5% | $33.0M+124.7% | $42.0M+161.1% | $46.6M+208.5% | $9.4M-63.2% | $14.7M+15.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.0M+22.2% | $2.8M+28.5% | $3.3M+4.2% | $3.3M-55.9% | $3.3M-47.2% | $2.2M-44.3% | $3.2M-31.4% | $7.5M+167.3% |
| Current Liabilities | $3.0M+3.9% | $2.8M+55.7% | $3.0M+9.2% | $2.9M-58.9% | $2.9M-52.9% | $1.8M-53.5% | $2.7M-38.8% | $7.1M+223.2% |
| Non-Current Liabilities | $1.0M+156.3% | $54K-87.3% | $339K-25.6% | $363K+8.7% | $394K+327.6% | $422K+238.5% | $455K+153.2% | $334K-43.0% |
| Total Equity | $183.8M+47.6% | $190.8M+46.4% | $112.5M+22.1% | $116.0M+24.3% | $124.5M+30.2% | $130.4M+34.3% | $92.2M-11.0% | $93.3M+1.2% |
| Retained Earnings | -$122.9M-41.7% | -$114.6M-42.7% | -$106.1M-38.6% | -$97.3M-37.9% | -$86.8M-43.6% | -$80.3M-56.6% | -$76.5M-79.4% | -$70.5M-108.3% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
DC 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.4M-58.3% | -$8.1M-106.9% | -$7.1M+6.8% | -$9.8M-21.8% | -$4.6M+17.9% | -$3.9M+61.4% | -$7.6M-26.7% | -$8.0M+2.9% |
| Depreciation & Amortization | $54K+15.2% | $47K-3.2% | $57K-4.2% | $47K-22.4% | $47K-29.4% | $48K-28.7% | $59K-8.1% | $60K-45.5% |
| Stock-Based Compensation | $973K+55.0% | $567K-23.0% | N/A | N/A | $627K | $737K | N/A | N/A |
| Capital Expenditures | $0 | $74K | $86K+22533.3% | $111K+270365.9% | $0-100.0% | $0-100.0% | -$378-99.9% | $41-99.9% |
| Free Cash Flow | -$7.4M-58.3% | -$8.2M-108.8% | -$7.2M+5.7% | -$9.9M-23.2% | -$4.6M+18.2% | -$3.9M+61.8% | -$7.6M-14.5% | -$8.0M+3.7% |
| Investing Cash Flow | -$635K-3075.7% | -$811K | -$86K-22733.3% | -$276K-54.5% | -$20K+91.7% | $0+100.0% | $378+100.1% | -$179K+67.1% |
| Financing Cash Flow | $383K+1059.7% | $86.2M+109.5% | $3.8M+65.8% | $1.1M-83.8% | $33K-99.5% | $41.1M+44570.5% | $2.3M-88.0% | $6.8M+11.4% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
DC 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -4.5%+0.6pp | -4.4%-1.6pp | N/A | -9.0%+1.8pp | -5.2%+4.4pp | -2.9%+6.0pp | N/A | -10.8%-1.6pp |
| Return on Assets | -4.5%+0.6pp | -4.4%-1.5pp | N/A | -8.8%+1.2pp | -5.1%+3.9pp | -2.8%+5.7pp | N/A | -10.0%-1.0pp |
| Current Ratio | 33.50+18.7x | 38.50+12.2x | 10.12+6.5x | 11.61+9.4x | 14.77+12.0x | 26.31+22.1x | 3.62-2.2x | 2.17-3.9x |
| Debt-to-Equity | 0.020.0x | 0.010.0x | 0.030.0x | 0.03-0.1x | 0.030.0x | 0.020.0x | 0.030.0x | 0.080.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Dakota Gold Corp. DC | FY2025 | N/A | -$29.5M | N/A | $752.7M | — |
| Galiano Gold Inc. GAU | FY2025 | $447.8M | -$30.8M | -6.9% | $510.1M | 39/100 |
| Caledonia Mining Corporation Plc CMCL | FY2025 | $267.7M | $67.5M | 25.2% | $466.9M | 48/100 |
| Gold Royalty Corp. GROY | FY2025 | $15.6M | -$4.1M | -26.5% | $667.2M | 36/100 |
Where Dakota Gold Corp. Ranks
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 return on equity (ROE)?
Dakota Gold Corp. (DC) has a return on equity of -26.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dakota Gold Corp.'s free cash flow?
Dakota Gold Corp. (DC) recorded an outflow of $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) recorded an outflow of $25.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Dakota Gold Corp.'s total assets?
Dakota Gold Corp. (DC) had $115.9M in total assets as of fiscal year 2025, including both current and long-term assets.
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.
What is Dakota Gold Corp.'s current ratio?
Dakota Gold Corp. (DC) had a current ratio of 10.12 as of fiscal year 2025, which is generally considered healthy.
What is Dakota Gold Corp.'s debt-to-equity ratio?
Dakota Gold Corp. (DC) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dakota Gold Corp.'s return on assets (ROA)?
Dakota Gold Corp. (DC) had a return on assets of -25.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dakota Gold Corp.'s P/E ratio?
Dakota Gold Corp. (DC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $752.7M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Dakota Gold Corp.'s price-to-sales ratio?
Dakota Gold Corp. (DC) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $752.7M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Dakota Gold Corp.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Dakota Gold Corp. (DC) held $29.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $25.4M over that year. Dividing the one by the other, the reported balance equals about 14 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Dakota Gold Corp.'s Piotroski F-Score?
Dakota Gold Corp. (DC) 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 Dakota Gold Corp.'s earnings high quality?
Dakota Gold Corp. (DC) reported a net loss of $29.5M while operations used $25.4M 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.