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Emx Royalty Financials

EMX
Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2024 Currency USD FYE December

This page shows Emx Royalty (EMX) 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).

Rhea AI EMX FY2024

Minimal reinvestment needs let this business produce repeatable free cash flow even when reported earnings remain negative.

Between FY2023 and FY2024, liquidity improved sharply as current liabilities fell to $5.3M while cash climbed to $26.8M. Yet solvency changed far less: total liabilities still sat at $41.4M and long-term debt at $34.6M, so the business looks less near-term constrained without being materially less leveraged.

Cash conversion is better than earnings suggest because FY2024 operating cash flow of $6.8M stayed positive despite a net loss of -$3.3M. With depreciation and amortization larger than the loss, accounting profit is understating the cash coming off the asset base.

Capital intensity is extremely low: FY2024 free cash flow of $6.8M was almost identical to operating cash flow, with capital spending of only $12K. That makes this an asset-light cash engine, and it helps explain why revenue rose from $18.3M in FY2022 to $27.4M in FY2024 even as the asset base did not expand.

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Financial Health Signals

Financial health score pending refresh

We are recalculating Emx Royalty's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial
5/7

Emx Royalty passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
-2.07x

For every $1 of reported earnings, Emx Royalty generates $-2.07 in operating cash flow ($6.8M OCF vs -$3.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$27.4M
YoY+3.1%

Emx Royalty generated $27.4M in revenue in fiscal year 2024. This represents an increase of 3.1% from the prior year.

EBITDA
N/A
Net Income
-$3.3M
YoY+29.0%

Emx Royalty reported -$3.3M in net income in fiscal year 2024. This represents an increase of 29.0% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
$6.8M
YoY-3.6%

Emx Royalty generated $6.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 3.6% from the prior year.

Cash & Debt
$26.8M
YoY+29.5%

Emx Royalty held $26.8M in cash against $34.5M in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
-12.0%
YoY+5.4pp

Emx Royalty's net profit margin was -12.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 5.4 percentage points from the prior year.

Return on Equity
-2.9%
YoY+1.0pp

Emx Royalty's ROE was -2.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$12K

Emx Royalty invested $12K in capex in fiscal year 2024, funding long-term assets and infrastructure.

EMX Income Statement

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20
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 N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A

EMX Balance Sheet

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20
Total Assets $156.9M-1.1% $158.6M-6.1% $168.8M+1.3% $166.6M+106.2% $80.8M
Current Assets $46.8M+33.5% $35.0M-9.7% $38.8M-12.8% $44.5M-23.6% $58.2M
Cash & Equivalents $26.8M+29.5% $20.7M+22.8% $16.8M-21.4% $21.4M-47.9% $41.1M
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 $41.4M+8.6% $38.1M-16.4% $45.6M-18.2% $55.8M+1270.8% $4.1M
Current Liabilities $5.3M-85.8% $37.3M+414.1% $7.3M-87.0% $55.8M+1270.8% $4.1M
Long-Term Debt $34.5M+5.5% $32.8M-19.1% $40.5M-20.2% $50.7M $0
Total Equity $115.5M-4.1% $120.4M-2.2% $123.2M+11.1% $110.9M+44.5% $76.7M
Retained Earnings -$62.4M-5.6% -$59.1M+27.5% -$81.6M+8.1% -$88.8M-37.9% -$64.4M

EMX Cash Flow Statement

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20
Operating Cash Flow N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A

EMX Financial Ratios

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20
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 N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A
Current Ratio 8.85+7.9 0.94-4.4 5.35+4.6 0.80-13.5 14.31
Debt-to-Equity 0.30+0.0 0.27-0.1 0.33-0.1 0.46+0.5 0.00
FCF Margin N/A N/A N/A N/A N/A

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Frequently Asked Questions

Emx Royalty (EMX) reported $27.4M in total revenue for fiscal year 2024. This represents a 3.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Emx Royalty (EMX) revenue grew by 3.1% year-over-year, from $26.6M to $27.4M in fiscal year 2024.

No, Emx Royalty (EMX) reported a net income of -$3.3M in fiscal year 2024, with a net profit margin of -12.0%.

As of fiscal year 2024, Emx Royalty (EMX) had $26.8M in cash and equivalents against $34.5M in long-term debt.

Emx Royalty (EMX) had a net profit margin of -12.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Emx Royalty (EMX) has a return on equity of -2.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Emx Royalty (EMX) generated $6.8M in free cash flow during fiscal year 2024. This represents a -3.6% 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.

Emx Royalty (EMX) generated $6.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Emx Royalty (EMX) had $156.9M in total assets as of fiscal year 2024, including both current and long-term assets.

Emx Royalty (EMX) invested $12K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Emx Royalty (EMX) had a current ratio of 8.85 as of fiscal year 2024, which is generally considered healthy.

Emx Royalty (EMX) had a debt-to-equity ratio of 0.30 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Emx Royalty (EMX) had a return on assets of -2.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Emx Royalty (EMX) has a Piotroski F-Score of 5 out of 7 computable signals; 2 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.

Emx Royalty (EMX) has an earnings quality ratio of -2.07x, 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.

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