Gold Royalty Corp. (GROY) Financials
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 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GROY SEC filings page.
Gold Royalty Corp. (GROY) reported $15.6M in revenue for fiscal year 2025, up 54.5% 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).
Equity-funded expansion and heavy investment outlays are supporting revenue growth while accounting losses persist.
In FY2025, the company reported a net loss of$4.1M alongside operating cash flow of$6.2M , reversing the cash deficit seen in FY2023. That divergence indicates that non-cash charges or timing effects are weighing on earnings more than on current-period cash generation, so profit remains a weaker measure of operating progress than cash flow.
The financing structure points to equity-led expansion: FY2025 liabilities were
Investment spending remains the dominant cash use: FY2025 investing cash flow was
Financial Health Signals
Gold Royalty 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.
Gold Royalty Corp. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Gold Royalty Corp. reported a net loss of $4.1M while generating $6.2M 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 2025.
Cash & Balance Sheet
Gold Royalty Corp. held $12.4M in cash against $101K in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
GROY 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: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
GROY 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 | Q4'2520-F | Q4'2420-F | Q4'2310-K | Q4'2210-K | Q3'2210-K | Q3'2110-K | Q3'2010-Q |
|---|---|---|---|---|---|---|---|
| Total Assets | $822.8M+11.6% | $737.5M+6.7% | $691.0M+1.3% | $682.4M | $688.6M+146.4% | $279.5M+503901.4% | $55K |
| Current Assets | $22.5M+284.0% | $5.9M+5.9% | $5.5M-51.9% | $11.5M | $17.0M+27.5% | $13.3M+24591.4% | $54K |
| Cash & Equivalents | $12.4M+447.3% | $2.3M+57.1% | $1.4M-75.3% | $5.8M | $7.0M-28.8% | $9.9M+25965.8% | $38K |
| Accounts Receivable | $2.7M+64.8% | $1.7M+78.6% | $931K+43.7% | $648K | $1.0M+150.7% | $412K | N/A |
| Total Liabilities | $123.6M-31.1% | $179.2M+5.4% | $170.0M+14.3% | $148.8M | $152.4M+181.3% | $54.2M+27489.6% | $196K |
| Current Liabilities | $4.6M+19.7% | $3.9M+0.2% | $3.9M-3.2% | $4.0M | $7.2M+4.2% | $6.9M+3424.3% | $196K |
| Non-Current Liabilities | $118.9M-32.2% | $175.4M+5.5% | $166.2M+14.8% | $144.8M | $145.2M+207.2% | $47.3M | $0 |
| Long-Term Debt | $101K-44.2% | $181K-31.4% | $264K+7.3% | $246K | $256K+2227.3% | $11K | N/A |
| Total Equity | $699.2M+25.2% | $558.3M+7.2% | $521.0M-2.4% | $533.7M | $536.2M+138.0% | $225.3M+159900.0% | -$141K |
| Retained Earnings | -$77.4M-5.6% | -$73.2M-4.9% | -$69.8M-73.8% | -$40.2M | -$36.5M-141.1% | -$15.1M-10670.7% | -$141K |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill.
GROY 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: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.
GROY 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 | Q4'2520-F | Q4'2420-F | Q4'2310-K | Q4'2210-K | Q3'2210-K | Q3'2110-K | Q3'2010-Q |
|---|---|---|---|---|---|---|---|
| Net Margin | N/A | N/A | N/A | -378.7% | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | -0.4% | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | -0.3% | N/A | N/A | -253.6% |
| Current Ratio | 4.88+3.4x | 1.52+0.1x | 1.44-1.5x | 2.90 | 2.35+0.4x | 1.92+1.6x | 0.27 |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 | 0.000.0x | 0.00 | N/A |
| Asset Turnover | N/A | N/A | N/A | 0.00 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net 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 |
|---|---|---|---|---|---|---|
| Gold Royalty Corp. GROY | FY2025 | $15.6M | -$4.1M | -26.5% | $688.1M | — |
| Caledonia Mining Corporation Plc CMCL | FY2025 | $267.7M | $67.5M | 25.2% | $459.6M | 48/100 |
| Galiano Gold Inc. GAU | FY2025 | $447.8M | -$30.8M | -6.9% | $510.1M | 39/100 |
| i-80 Gold Corp. IAUX | FY2025 | $95.2M | -$198.8M | N/A | $1.4B | 31/100 |
| Dakota Gold Corp. DC | FY2025 | N/A | -$29.5M | N/A | $802.4M | — |
Where Gold Royalty Corp. Ranks
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 54.5% 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 54.5% year-over-year, from $10.1M 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 P/E ratio?
Gold Royalty Corp. (GROY) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $688.1M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Gold Royalty Corp.'s price-to-sales ratio?
Gold Royalty Corp. (GROY) trades at 44.1x sales, its market capitalization divided by revenue of $15.6M revenue, FY2025. The market capitalization is $688.1M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Gold Royalty Corp.'s Piotroski F-Score?
Gold Royalty Corp. (GROY) has a Piotroski F-Score of 5 out of 8 computable signals; 1 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 Gold Royalty Corp.'s earnings high quality?
Gold Royalty Corp. (GROY) reported a net loss of $4.1M while generating $6.2M 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.