Greenland Mines Ltd Financials
This page shows Greenland Mines Ltd (GRML) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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
Based on FY2025 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 Greenland Mines Ltd'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.
Greenland Mines Ltd carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 95.01, Greenland Mines Ltd holds $95.01 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Greenland Mines Ltd generates a -111.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -518.9% the prior year.
Greenland Mines Ltd passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Greenland Mines Ltd generates $0.56 in operating cash flow (-$5.9M OCF vs -$10.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Greenland Mines Ltd earns $-3.1 in operating income for every $1 of interest expense (-$7.1M vs $2.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Greenland Mines Ltd reported -$10.6M in net income in fiscal year 2025. This represents a decrease of 71.6% from the prior year.
Greenland Mines Ltd earned $-0.22 per diluted share (EPS) in fiscal year 2025. This represents an increase of 31.3% from the prior year.
Cash & Balance Sheet
Greenland Mines Ltd held $7.2M in cash against $0 in long-term debt as of fiscal year 2025.
Greenland Mines Ltd had 73M shares outstanding in fiscal year 2025. This represents an increase of 241.1% from the prior year.
Margins & Returns
Greenland Mines Ltd's ROE was -111.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 407.4 percentage points from the prior year.
Capital Allocation
Greenland Mines Ltd invested $634K in research and development in fiscal year 2025.
GRML Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | $271K+13.6% | $239K | $0 | N/A | $0 | $0 | $0 |
| SG&A Expenses | N/A | $231K-31.8% | $339K-4.3% | $355K | N/A | $52K+2127.8% | $2K-74.5% | $9K |
| Operating Income | N/A | -$1.9M+2.1% | -$1.9M-19.3% | -$1.6M | N/A | -$2.9M-625.7% | -$396K+41.1% | -$672K |
| Interest Expense | N/A | $1.2M-33.1% | $1.8M+217.7% | $554K | N/A | $45K+198.4% | $15K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $49K |
| Net Income | N/A | -$2.9M+29.3% | -$4.1M-83.2% | -$2.2M | N/A | -$3.0M-555.3% | -$452K+32.8% | -$672K |
| EPS (Diluted) | N/A | $-0.05+58.3% | $-0.12-50.0% | $-0.08 | N/A | $-0.18 | $-0.03+25.0% | $-0.04 |
GRML Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.6M-4.8% | $10.1M-7.1% | $10.8M+263.1% | $3.0M+21.6% | $2.5M-0.3% | $2.5M-25.5% | $3.3M-83.1% | $19.6M |
| Current Assets | $7.3M-6.2% | $7.8M-9.0% | $8.5M+1142.7% | $688K+335.8% | $158K+2.0% | $155K-84.5% | $1000K+12318.8% | $8K |
| Cash & Equivalents | $7.2M-1.7% | $7.3M-13.4% | $8.4M+1389.9% | $566K+787.8% | $64K+25.2% | $51K-94.0% | $845K+10399.8% | $8K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $130K-11.1% | $146K-25.3% | $195K-91.7% | $2.3M+84.6% | $1.3M+26.7% | $1.0M-79.4% | $4.9M-74.7% | $19.2M |
| Current Liabilities | $77K-17.4% | $93K+47.5% | $63K-97.3% | $2.3M+87.4% | $1.2M+27.0% | $982K+9.3% | $899K-65.2% | $2.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $9.5M-4.7% | $9.9M-6.8% | $10.7M+1567.5% | $639K-46.1% | $1.2M-18.8% | $1.5M+194.1% | -$1.6M-530.9% | $360K |
| Retained Earnings | -$21.1M-6.7% | -$19.8M-17.1% | -$16.9M-32.0% | -$12.8M-21.1% | -$10.6M-24.3% | -$8.5M-53.5% | -$5.5M+28.4% | -$7.7M |
GRML Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.3M-17.5% | -$1.1M+44.7% | -$2.0M-26.7% | -$1.6M-64.6% | -$944K+12.0% | -$1.1M-18.2% | -$907K-4029.2% | -$22K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | $0 | $0+100.0% | -$1+100.0% | -$123K |
| Financing Cash Flow | $1.1M+20795.2% | $5K-99.9% | $9.8M+378.3% | $2.1M+114.8% | $957K+243.6% | $279K-83.8% | $1.7M+883.1% | $175K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GRML Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | -29.2%+9.3pp | -38.4%+311.3pp | -349.8% | N/A | -202.6% | N/A | -186.7% |
| Return on Assets | N/A | -28.7%+9.0pp | -37.7%+37.0pp | -74.8% | N/A | -120.1%-106.5pp | -13.7%-10.2pp | -3.4% |
| Current Ratio | 95.01+11.3 | 83.69-52.1 | 135.74+135.4 | 0.29+0.2 | 0.13-0.0 | 0.16-1.0 | 1.11+1.1 | 0.00 |
| Debt-to-Equity | 0.010.0 | 0.010.0 | 0.02-3.7 | 3.68+2.6 | 1.07+0.4 | 0.69+3.8 | -3.13-56.5 | 53.40 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Greenland Mines Ltd profitable?
No, Greenland Mines Ltd (GRML) reported a net income of -$10.6M in fiscal year 2025.
What is Greenland Mines Ltd's return on equity (ROE)?
Greenland Mines Ltd (GRML) has a return on equity of -111.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Greenland Mines Ltd's operating cash flow?
Greenland Mines Ltd (GRML) generated -$5.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Greenland Mines Ltd's total assets?
Greenland Mines Ltd (GRML) had $9.6M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Greenland Mines Ltd spend on research and development?
Greenland Mines Ltd (GRML) invested $634K in research and development during fiscal year 2025.
What is Greenland Mines Ltd's current ratio?
Greenland Mines Ltd (GRML) had a current ratio of 95.01 as of fiscal year 2025, which is generally considered healthy.
What is Greenland Mines Ltd's debt-to-equity ratio?
Greenland Mines Ltd (GRML) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Greenland Mines Ltd's return on assets (ROA)?
Greenland Mines Ltd (GRML) had a return on assets of -110.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Greenland Mines Ltd's cash runway?
Based on fiscal year 2025 data, Greenland Mines Ltd (GRML) had $7.2M in cash against an annual operating cash burn of $5.9M. This gives an estimated cash runway of approximately 15 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Greenland Mines Ltd's Piotroski F-Score?
Greenland Mines Ltd (GRML) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Greenland Mines Ltd's earnings high quality?
Greenland Mines Ltd (GRML) has an earnings quality ratio of 0.56x, considered low quality (accrual-driven). 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.
Can Greenland Mines Ltd cover its interest payments?
Greenland Mines Ltd (GRML) has an interest coverage ratio of -3.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Greenland Mines Ltd?
Greenland Mines Ltd (GRML) scores 33 out of 100 on our Financial Profile, indicating weak 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.