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 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Apr 1, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FFMGF SEC filings page.
This page shows FIRST MINING GOLD CORP (FFMGF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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
FIRST MINING 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.
FIRST MINING GOLD CORP passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass.
FIRST MINING GOLD CORP reported a net loss of $56.8M while operations used $5.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
FIRST MINING GOLD CORP reported a net loss of $56.8M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
FIRST MINING GOLD CORP earned -$0.05 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
FIRST MINING GOLD CORP recorded an outflow of $5.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
FIRST MINING GOLD CORP held $31.6M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
FIRST MINING GOLD CORP's ROE was -35.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 29.5 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
FIRST MINING GOLD CORP invested $110K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 27.3% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
FFMGF 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 | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income | -$11.4Mn/m | -$13.7Mn/m | -$7.3Mn/m | -$13.1Mn/m | -$26.8Mn/m | -$24.2Mn/m | -$5Kn/m | -$8.6Mn/m | -$9.0Mn/m | -$8.5M |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $226.9Mn/m | -$8.4M |
| Interest Expense | N/A | N/A | -$19Kn/m | -$28Kn/m | -$39K | N/A | N/A | N/A | $71.5M+43696.9% | $163K |
| Income Tax | $1.1M-26.0% | $1.4M+19.1% | $1.2M+422.8% | $228Kn/m | $0-100.0% | $1Kn/m | -$398n/m | $0n/m | $0 | N/A |
| Net Income | -$56.8Mn/m | -$10.6Mn/m | -$5.3Mn/m | -$12.0Mn/m | -$30.0Mn/m | -$25.7Mn/m | -$5Kn/m | -$8.5Mn/m | -$8.9Mn/m | -$8.3M |
| EPS (Diluted) | -$0.05n/m | -$0.01 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Diluted Shares (Avg) | 1.17B+20.5% | 972M+17.5% | 827M+12.0% | 738M | 698.68B+8.3% | 644.94B | 575M+3.1% | 557M+1.8% | 548M+24.8% | 439M |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EPS (Basic).
FFMGF 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 | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $254.4M+24.2% | $204.8M-5.5% | $216.7M+9.8% | $197.3M-3.2% | $203.7M-13.7% | $236.2M+114126.3% | $207K-99.9% | $188.8M-11.1% | $212.3M+5.7% | $200.8M |
| Current Assets | $53.9M+415.2% | $10.5M+3.4% | $10.1M-7.9% | $11.0M-68.0% | $34.4M-12.4% | $39.2M+610367.5% | $6K-99.9% | $5.9M-63.6% | $16.4M-46.2% | $30.4M |
| Cash & Equivalents | $31.6M+301.0% | $7.9M-14.8% | $9.2M-7.7% | $10.0M-56.6% | $23.1M+1.9% | $22.7M | N/A | $4K-69.5% | $12K-50.2% | $25K |
| Accounts Receivable | $1.1M+16.2% | $917K+38.3% | $663K-19.8% | $826K+104520.7% | $790-62.7% | $2K+320.9% | $503+360.6% | $109-68.6% | $348-100.0% | $1.0M |
| Total Liabilities | $95.3M+172.4% | $35.0M-3.1% | $36.1M+24.5% | $29.0M+1.9% | $28.5M-37.0% | $45.2Mn/m | -$202.2M-207.2% | $188.6M-11.1% | $212.1M+5.7% | $200.6M |
| Current Liabilities | $16.2M+63.1% | $9.9M+17.3% | $8.5M+24.0% | $6.8M-2.6% | $7.0M-78.1% | $32.0M+1627756.1% | $2K+361.0% | $427-100.0% | $865K-5.1% | $912K |
| Non-Current Liabilities | $78.4M+212.8% | $25.1M-9.3% | $27.6M+24.6% | $22.2M+3.4% | $21.5M+62.6% | $13.2M+545006.6% | $2Kn/m | $0-100.0% | $211.2M+5.8% | $199.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $1.6M |
| Total Equity | $159.0M-6.3% | $169.8M-6.0% | $180.6M+7.3% | $168.2M-4.0% | $175.3M-8.2% | $191.0M-5.6% | $202.4M+107366.3% | $188K-10.9% | $211K+6.6% | $198K |
| Retained Earnings | -$188.8Mn/m | -$125.6Mn/m | -$125.4Mn/m | -$117.2Mn/m | -$111.3Mn/m | -$91.6Mn/m | -$39Kn/m | -$31.6Mn/m | -$25.1Mn/m | -$15.9M |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill.
FFMGF 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 | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.4Mn/m | -$2.7Mn/m | -$3.8Mn/m | -$3.8Mn/m | -$5.0Mn/m | -$3.3Mn/m | -$3Kn/m | -$2.8Mn/m | -$4.2Mn/m | -$5.3M |
| Depreciation & Amortization | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $235.9M+210875.1% | $112K |
| Capital Expenditures | -$110K-27.3% | -$151K-42.7% | -$264K-40.4% | -$443K-19.9% | -$553K+159.4% | -$213K+224662.2% | $95-99.9% | $68K-81.8% | $374K+9.9% | $340K |
| Free Cash Flow | -$5.5Mn/m | -$2.9Mn/m | -$4.1Mn/m | -$4.2Mn/m | -$5.6Mn/m | -$3.5Mn/m | -$3Kn/m | -$2.8Mn/m | -$4.6Mn/m | -$5.6M |
| Investing Cash Flow | -$10.4Mn/m | -$12.4Mn/m | -$8.6Mn/m | -$11.7M-908.2% | $1.4Mn/m | -$10.0Mn/m | -$3Kn/m | -$5.5Mn/m | -$11.0M-309.2% | $5.2M |
| Financing Cash Flow | $39.4M+173.4% | $14.4M+25.8% | $11.4M+216.9% | $3.6M-12.3% | $4.1M-87.0% | $31.6M+440670.0% | $7K-99.0% | $725K-33.3% | $1.1M-95.5% | $24.2M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
FFMGF 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 | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity | -35.7%-29.5pp | -6.3%-3.3pp | -2.9%+4.2pp | -7.1%+10.0pp | -17.1%-3.7pp | -13.5%-13.5pp | 0.0%+4532.0pp | -4532.0%-306.1pp | -4225.9%-35.9pp | -4190.0% |
| Return on Assets | -22.3%-17.1pp | -5.2%-2.7pp | -2.5%+3.6pp | -6.1%+8.6pp | -14.7%-3.8pp | -10.9%-8.3pp | -2.6%+1.9pp | -4.5%-0.3pp | -4.2%-0.1pp | -4.1% |
| Current Ratio | 3.32+2.3x | 1.05-0.1x | 1.19-0.4x | 1.61-3.3x | 4.90+3.7x | 1.23-2.0x | 3.27-13945.2x | 13948.45+13929.5x | 18.92-14.4x | 33.34 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00-7.9x | 7.91 |
| Liabilities-to-Equity | 0.60+0.4x | 0.210.0x | 0.200.0x | 0.170.0x | 0.16-0.1x | 0.24 | N/A | 1001.26-1.8x | 1003.09-8.4x | 1011.51 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.
Where FIRST MINING GOLD CORP Ranks
Frequently Asked Questions
Is FIRST MINING GOLD CORP profitable?
No, FIRST MINING GOLD CORP (FFMGF) reported a net loss of $56.8M in fiscal year 2025.
What is FIRST MINING GOLD CORP's return on equity (ROE)?
FIRST MINING GOLD CORP (FFMGF) has a return on equity of -35.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is FIRST MINING GOLD CORP's free cash flow?
FIRST MINING GOLD CORP (FFMGF) recorded an outflow of $5.5M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 FIRST MINING GOLD CORP's operating cash flow?
FIRST MINING GOLD CORP (FFMGF) recorded an outflow of $5.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are FIRST MINING GOLD CORP's total assets?
FIRST MINING GOLD CORP (FFMGF) had $254.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are FIRST MINING GOLD CORP's capital expenditures?
FIRST MINING GOLD CORP (FFMGF) invested $110K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is FIRST MINING GOLD CORP's current ratio?
FIRST MINING GOLD CORP (FFMGF) had a current ratio of 3.32 as of fiscal year 2025, which is generally considered healthy.
What is FIRST MINING GOLD CORP's liabilities-to-equity ratio?
FIRST MINING GOLD CORP (FFMGF) had a liabilities-to-equity ratio of 0.60 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is FIRST MINING GOLD CORP's return on assets (ROA)?
FIRST MINING GOLD CORP (FFMGF) had a return on assets of -22.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is FIRST MINING GOLD CORP's P/E ratio?
FIRST MINING GOLD CORP (FFMGF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $667.4M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is FIRST MINING GOLD CORP's price-to-sales ratio?
FIRST MINING GOLD CORP (FFMGF) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $667.4M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is FIRST MINING GOLD CORP's Piotroski F-Score?
FIRST MINING GOLD CORP (FFMGF) has a Piotroski F-Score of 2 out of 5 computable signals; 4 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 FIRST MINING GOLD CORP's earnings high quality?
FIRST MINING GOLD CORP (FFMGF) reported a net loss of $56.8M while operations used $5.4M 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.