EMX Royalty Corporation (EMX) Financials
Newest figures come from the 10-K for FY2024, filed Mar 12, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EMX SEC filings page.
EMX Royalty Corporation (EMX) reported $27.4M in revenue for fiscal year 2024, up 3.1% from the prior fiscal year. This page shows its 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).
EMX converts modest revenue into cash, but recurring accounting losses show cash generation is not translating into reported profitability.
The important disconnect is that FY2024's net loss was$3.3M while operating cash flow was$6.8M . Free cash flow was also$6.8M , and the same positive-cash/negative-earnings pattern appeared in FY2023, indicating non-cash charges and/or working-capital effects are supporting cash results better than earnings.
Current ratio rose from 0.9x in FY2023 to 8.8x in FY2024, easing short-term coverage pressure. Debt-to-equity remained near 0.3x, so the improvement looks more like a shift in near-term obligations than broad deleveraging.
Revenue expanded from
Financial Health Signals
EMX Royalty Corporation 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.
EMX Royalty Corporation 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.
EMX Royalty Corporation reported a net loss of $3.3M while generating $6.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2024.
Cash & Balance Sheet
EMX Royalty Corporation held $26.8M in cash against $34.5M in long-term debt as of Q4 2024.
Not reported for Q4 2024.
Not reported for Q4 2024.
Margins & Returns
None of these metrics is reported for Q4 2024.
Capital Allocation
None of these metrics is reported for Q4 2024.
EMX 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
EMX 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 | Q4'2410-K | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K |
|---|---|---|---|---|---|
| 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 |
| 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 |
| Non-Current Liabilities | $36.1M+4333.7% | $815K-97.9% | $38.4M | $0 | $0 |
| 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 |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill.
EMX 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.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
EMX 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, 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 |
|---|---|---|---|---|---|---|
| EMX Royalty Corporation EMX | FY2024 | $27.4M | -$3.3M | -12.0% | $453.9M | — |
| Northern Dynasty Minerals, Ltd. NAK | FY2020 | N/A | -$63.9M | N/A | $532.1M | — |
| Lithium Argentina AG LAR | FY2025 | N/A | -$76.9M | N/A | $777.8M | — |
| United States Antimony Corporation UAMY | FY2025 | $39.3M | -$4.3M | -11.1% | $417.6M | 47/100 |
| Critical Metals Corp. CRML | FY2025 | N/A | -$51.9M | N/A | $919.5M | — |
| Trilogy Metals Inc TMQ | FY2025 | N/A | -$42.2M | N/A | $440.7M | — |
Where EMX Royalty Corporation Ranks
Frequently Asked Questions
What is EMX Royalty Corporation's annual revenue?
EMX Royalty Corporation (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 Corporation's revenue growing?
EMX Royalty Corporation (EMX) revenue grew by 3.1% year-over-year, from $26.6M to $27.4M in fiscal year 2024.
Is EMX Royalty Corporation profitable?
No, EMX Royalty Corporation (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 Corporation have?
As of fiscal year 2024, EMX Royalty Corporation (EMX) had $26.8M in cash and equivalents against $34.5M in long-term debt.
What is EMX Royalty Corporation's net profit margin?
EMX Royalty Corporation (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 Corporation's return on equity (ROE)?
EMX Royalty Corporation (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 Corporation's free cash flow?
EMX Royalty Corporation (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 Corporation's operating cash flow?
EMX Royalty Corporation (EMX) generated $6.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are EMX Royalty Corporation's total assets?
EMX Royalty Corporation (EMX) had $156.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are EMX Royalty Corporation's capital expenditures?
EMX Royalty Corporation (EMX) invested $12K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is EMX Royalty Corporation's current ratio?
EMX Royalty Corporation (EMX) had a current ratio of 8.85 as of fiscal year 2024, which is generally considered healthy.
What is EMX Royalty Corporation's debt-to-equity ratio?
EMX Royalty Corporation (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 Corporation's return on assets (ROA)?
EMX Royalty Corporation (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 Corporation's Piotroski F-Score?
EMX Royalty Corporation (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.
Are EMX Royalty Corporation's earnings high quality?
EMX Royalty Corporation (EMX) reported a net loss of $3.3M while generating $6.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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.