Gold Royalty Corp Financials
This page shows Gold Royalty Corp (GROY) 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. Scores normalized against common benchmarks. How we calculate these scores
Gold Royalty Corp's revenue surged 412.1% year-over-year to $15.6M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Gold Royalty Corp carries a low D/E ratio of 0.00, meaning only $0.00 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 4.88, Gold Royalty Corp holds $4.88 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Gold Royalty Corp generates a -0.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is up from -5.1% the prior year.
Gold Royalty Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Gold Royalty Corp generates $-1.49 in operating cash flow ($6.2M OCF vs -$4.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Gold Royalty Corp generated $15.6M in revenue in fiscal year 2025. This represents an increase of 412.1% from the prior year.
Gold Royalty Corp reported -$4.1M in net income in fiscal year 2025. This represents an increase of 84.6% from the prior year.
Cash & Balance Sheet
Gold Royalty Corp held $12.4M in cash against $101K in long-term debt as of fiscal year 2025.
Gold Royalty Corp had 225M shares outstanding in fiscal year 2025. This represents an increase of 54.1% from the prior year.
Margins & Returns
Gold Royalty Corp's net profit margin was -26.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 851.4 percentage points from the prior year.
Gold Royalty Corp's ROE was -0.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.5 percentage points from the prior year.
Capital Allocation
GROY Income Statement
| Metric | Q3'24 | Q3'23 | Q2'23 | Q2'22 | Q2'21 |
|---|---|---|---|---|---|
| Revenue | N/A | $582K | 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 | $6K | N/A | N/A | N/A |
| Income Tax | N/A | -$435K | N/A | N/A | N/A |
| Net Income | N/A | -$2.2M | N/A | N/A | -$141K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
GROY Balance Sheet
| Metric | Q3'24 | Q3'23 | Q2'23 | Q2'22 | Q2'21 |
|---|---|---|---|---|---|
| Total Assets | $691.0M+1.3% | $682.4M-0.9% | $688.6M+146.4% | $279.5M+503901.4% | $55K |
| Current Assets | $5.5M-51.9% | $11.5M-32.0% | $17.0M+27.5% | $13.3M+24591.4% | $54K |
| Cash & Equivalents | $1.4M-75.3% | $5.8M-17.0% | $7.0M-28.8% | $9.9M+25965.8% | $38K |
| Inventory | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $931K+43.7% | $648K-37.3% | $1.0M+150.7% | $412K | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $170.0M+14.3% | $148.8M-2.4% | $152.4M+181.3% | $54.2M+27489.6% | $196K |
| Current Liabilities | $3.9M-3.2% | $4.0M-44.8% | $7.2M+4.2% | $6.9M+3424.3% | $196K |
| Long-Term Debt | $264K+7.3% | $246K-3.9% | $256K+2227.3% | $11K | N/A |
| Total Equity | $521.0M-2.4% | $533.7M-0.5% | $536.2M+138.0% | $225.3M+159900.0% | -$141K |
| Retained Earnings | -$69.8M-73.8% | -$40.2M-10.0% | -$36.5M-141.1% | -$15.1M-10670.7% | -$141K |
GROY Cash Flow Statement
| Metric | Q3'24 | Q3'23 | Q2'23 | Q2'22 | Q2'21 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | -$4.5M | 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 | $5.0M | N/A | N/A | N/A |
| Financing Cash Flow | N/A | -$1.7M | N/A | N/A | $38K |
| Dividends Paid | N/A | $1.4M | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
GROY Financial Ratios
| Metric | Q3'24 | Q3'23 | Q2'23 | Q2'22 | Q2'21 |
|---|---|---|---|---|---|
| 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 | -378.7% | N/A | N/A | N/A |
| Return on Equity | N/A | -0.4% | N/A | N/A | N/A |
| Return on Assets | N/A | -0.3% | N/A | N/A | -253.6% |
| Current Ratio | 1.44-1.5 | 2.90+0.5 | 2.35+0.4 | 1.92+1.6 | 0.27 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.000.0 | 0.00+1.4 | -1.39 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
Similar Companies
Frequently Asked Questions
What is Gold Royalty Corp's annual revenue?
Gold Royalty Corp (GROY) reported $15.6M in total revenue for fiscal year 2025. This represents a 412.1% 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 Gold Royalty Corp's revenue growing?
Gold Royalty Corp (GROY) revenue grew by 412.1% year-over-year, from $3.0M to $15.6M in fiscal year 2025.
Is Gold Royalty Corp profitable?
No, Gold Royalty Corp (GROY) reported a net income of -$4.1M in fiscal year 2025, with a net profit margin of -26.5%.
How much debt does Gold Royalty Corp have?
As of fiscal year 2025, Gold Royalty Corp (GROY) had $12.4M in cash and equivalents against $101K in long-term debt.
What is Gold Royalty Corp's net profit margin?
Gold Royalty Corp (GROY) had a net profit margin of -26.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Gold Royalty Corp's return on equity (ROE)?
Gold Royalty Corp (GROY) has a return on equity of -0.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Gold Royalty Corp's operating cash flow?
Gold Royalty Corp (GROY) generated $6.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Gold Royalty Corp's total assets?
Gold Royalty Corp (GROY) had $822.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Gold Royalty Corp's current ratio?
Gold Royalty Corp (GROY) had a current ratio of 4.88 as of fiscal year 2025, which is generally considered healthy.
What is Gold Royalty Corp's debt-to-equity ratio?
Gold Royalty Corp (GROY) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gold Royalty Corp's return on assets (ROA)?
Gold Royalty Corp (GROY) had a return on assets of -0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Gold Royalty Corp's Piotroski F-Score?
Gold Royalty Corp (GROY) has a Piotroski F-Score of 6 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Gold Royalty Corp's earnings high quality?
Gold Royalty Corp (GROY) has an earnings quality ratio of -1.49x, 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 Gold Royalty Corp?
Gold Royalty Corp (GROY) scores 77 out of 100 on our Financial Profile, indicating strong 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.