Gold Royalty Corp Financials
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).
Gold Royalty’s asset base is expanding mainly through equity funding, while cash generation is only beginning to catch up.
By FY2025, operating cash flow reached$6.2M even though net income was still-$4.1M , so the reported loss no longer describes the company’s cash behavior. Because financing inflows were$72.6M while long-term debt was only$101K , the build-out is still being funded mainly with new equity rather than borrowing.
With total assets of
FY2025 current assets of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Gold Royalty Corp'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.
Not available for Gold Royalty Corp, and counted as zero in the overall score.
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
Gold Royalty Corp generated $15.6M in revenue in fiscal year 2025. This represents an increase of 54.5% from the prior year.
Gold Royalty Corp reported -$4.1M in net income in fiscal year 2025. This represents a decrease of 21.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Gold Royalty Corp held $12.4M in cash against $101K in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
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 7.3 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. That is unchanged from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 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.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Revenue | $15.6M+54.5% | $10.1M+231.5% | $3.0M-22.7% | $3.9M+1954.2% | $192K |
| Interest Expense | $16K-27.3% | $22K+10.0% | $20K+25.0% | $16K | N/A |
| Income Tax | -$205K+96.6% | -$6.0M+2.6% | -$6.1M-40786.7% | -$15K | N/A |
| Net Income | -$4.1M-21.1% | -$3.4M+87.3% | -$26.8M-54.2% | -$17.3M-15.6% | -$15.0M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EPS (Diluted).
GROY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $822.8M+11.6% | $737.5M+6.7% | $691.0M+0.3% | $688.6M+146.4% | $279.5M |
| Current Assets | $22.5M+284.0% | $5.9M+5.9% | $5.5M-67.3% | $17.0M+27.5% | $13.3M |
| Cash & Equivalents | $12.4M+447.3% | $2.3M+57.1% | $1.4M-79.5% | $7.0M-28.8% | $9.9M |
| Accounts Receivable | $2.7M+64.8% | $1.7M+78.6% | $931K-9.9% | $1.0M+150.7% | $412K |
| Total Liabilities | $123.6M-31.1% | $179.2M+5.4% | $170.0M+11.6% | $152.4M+181.3% | $54.2M |
| Current Liabilities | $4.6M+19.7% | $3.9M+0.2% | $3.9M-46.6% | $7.2M+4.2% | $6.9M |
| Long-Term Debt | $101K-44.2% | $181K-31.4% | $264K+3.1% | $256K+2227.3% | $11K |
| Total Equity | $699.2M+25.2% | $558.3M+7.2% | $521.0M-2.8% | $536.2M+138.0% | $225.3M |
| Retained Earnings | -$77.4M-5.6% | -$73.2M-4.9% | -$69.8M-91.1% | -$36.5M-141.1% | -$15.1M |
Not reported in any period shown, so not listed: Inventory, 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.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Operating Cash Flow | $6.2M+142.6% | $2.5M+137.0% | -$6.9M+64.3% | -$19.3M-61.2% | -$11.9M |
| Capital Expenditures | N/A | N/A | N/A | $28K+1300.0% | $2K |
| Free Cash Flow | N/A | N/A | N/A | -$19.3M-61.4% | -$12.0M |
| Investing Cash Flow | -$68.7M-55.8% | -$44.1M-31.6% | -$33.5M-416.6% | $10.6M+115.3% | -$69.2M |
| Financing Cash Flow | $72.6M+71.5% | $42.3M+17.8% | $36.0M+517.3% | $5.8M-93.6% | $90.9M |
| Dividends Paid | N/A | N/A | $2.6M-35.5% | $4.0M | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
GROY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Net Margin | -26.5%+7.3pp | -33.8% | -877.8% | -439.8% | -7815.6% |
| Return on Equity | -0.6%0.0pp | -0.6%+4.5pp | -5.1%-1.9pp | -3.2%+3.4pp | -6.7% |
| Return on Assets | -0.5%0.0pp | -0.5%+3.4pp | -3.9%-1.3pp | -2.5%+2.8pp | -5.4% |
| Current Ratio | 4.88+3.4x | 1.52+0.1x | 1.44-0.9x | 2.35+0.4x | 1.92 |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 |
| FCF Margin | N/A | N/A | N/A | -489.1% | -6225.0% |
Not reported in any period shown, so not listed: Gross Margin, Operating 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, FCF Margin.
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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 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.
How financially healthy is Gold Royalty Corp?
Gold Royalty Corp (GROY) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.