Emx Royalty Financials
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).
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
Capital intensity is extremely low: FY2024 free cash flow of
Financial Health Signals
Based on FY2024 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 Emx Royalty'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.
Emx Royalty's revenue grew a modest 3.1% year-over-year to $27.4M. This slow but positive growth earns a score of 71/100.
Emx Royalty carries a low D/E ratio of 0.30, meaning only $0.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 8.85, Emx Royalty holds $8.85 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Emx Royalty converts 24.8% of revenue into free cash flow ($6.8M). This strong cash generation earns a score of 100/100.
Emx Royalty generates a -2.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 7/100. This is up from -3.9% the prior year.
Emx Royalty passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
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
Earnings & Revenue
Emx Royalty generated $27.4M in revenue in fiscal year 2024. This represents an increase of 3.1% from the prior year.
Emx Royalty reported -$3.3M in net income in fiscal year 2024. This represents an increase of 29.0% from the prior year.
Cash & Balance Sheet
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.
Emx Royalty held $26.8M in cash against $34.5M in long-term debt as of fiscal year 2024.
Margins & Returns
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.
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
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
What is Emx Royalty's annual revenue?
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.
How fast is Emx Royalty's revenue growing?
Emx Royalty (EMX) revenue grew by 3.1% year-over-year, from $26.6M to $27.4M in fiscal year 2024.
Is Emx Royalty profitable?
No, Emx Royalty (EMX) reported a net income of -$3.3M in fiscal year 2024, with a net profit margin of -12.0%.
How much debt does Emx Royalty have?
As of fiscal year 2024, Emx Royalty (EMX) had $26.8M in cash and equivalents against $34.5M in long-term debt.
What is Emx Royalty's net profit margin?
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.
What is Emx Royalty's return on equity (ROE)?
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.
What is Emx Royalty's free cash flow?
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.
What is Emx Royalty's operating cash flow?
Emx Royalty (EMX) generated $6.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Emx Royalty's total assets?
Emx Royalty (EMX) had $156.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Emx Royalty's capital expenditures?
Emx Royalty (EMX) invested $12K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Emx Royalty's current ratio?
Emx Royalty (EMX) had a current ratio of 8.85 as of fiscal year 2024, which is generally considered healthy.
What is Emx Royalty's debt-to-equity ratio?
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.
What is Emx Royalty's return on assets (ROA)?
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.
What is Emx Royalty's Piotroski F-Score?
Emx Royalty (EMX) has a Piotroski F-Score of 5 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Emx Royalty's earnings high quality?
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.
How financially healthy is Emx Royalty?
Emx Royalty (EMX) scores 62 out of 100 on our Financial Profile, indicating moderate 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.