Integra Resource Financials
This page shows Integra Resource (ITRG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Integra’s financials show a self-funding turn, with operations now covering heavy reinvestment after years of external financing.
The real change is cash conversion: operating cash flow swung from-$10.1M in FY2024 to$72.3M in FY2025, a much bigger improvement than the remaining accounting loss suggests. Free cash flow stayed positive at$25.1M even after$47.2M of capital spending, which means the business crossed from externally funded burn to internally funded reinvestment.
The balance sheet looks liquid rather than debt-driven: cash ended FY2025 at
The financing pattern helps explain why FY2025 matters. Share count rose from 68.9M shares in FY2023 to 182.1M shares in FY2025, showing earlier expansion was funded largely outside the business rather than by operating cash. In FY2025, financing stopped being the main support and instead became a use of cash, which is a structural change in how the company is carrying itself.
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 Integra Resource'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.
Integra Resource carries a low D/E ratio of 0.08, meaning only $0.08 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 3.52, Integra Resource holds $3.52 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.
Integra Resource's free cash flow margin of 10.3% results in a low score of 0/100. Capital expenditures of $47.2M absorb a large share of operating cash flow.
Integra Resource generates a -1.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -7.3% the prior year.
Integra Resource passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Integra Resource generates $-32.21 in operating cash flow ($72.3M OCF vs -$2.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Integra Resource generated $243.9M in revenue in fiscal year 2025. This represents an increase of 703.7% from the prior year.
Integra Resource reported -$2.2M in net income in fiscal year 2025. This represents an increase of 76.4% from the prior year.
Cash & Balance Sheet
Integra Resource generated $25.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 286.9% from the prior year.
Integra Resource held $63.1M in cash against $14.2M in long-term debt as of fiscal year 2025.
Integra Resource had 182M shares outstanding in fiscal year 2025. This represents an increase of 7.9% from the prior year.
Margins & Returns
Integra Resource's net profit margin was -0.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 30.4 percentage points from the prior year.
Integra Resource's ROE was -1.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 6.1 percentage points from the prior year.
Capital Allocation
Integra Resource invested $47.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1316.2% from the prior year.
ITRG Income Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q1'20 |
|---|---|---|---|---|---|---|---|
| Revenue | 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 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ITRG Balance Sheet
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q1'20 |
|---|---|---|---|---|---|---|---|
| Total Assets | $311.2M+31.3% | $237.1M+187.8% | $82.4M+34.1% | $61.4M-18.3% | $75.2M-15.8% | $89.2M+18.6% | $75.2M |
| Current Assets | $129.8M+13.3% | $114.5M+1060.9% | $9.9M-41.9% | $17.0M+12.5% | $15.1M-49.2% | $29.7M+20.6% | $24.7M |
| Cash & Equivalents | $63.1M+20.9% | $52.2M+492.1% | $8.8M-44.6% | $15.9M+11.0% | $14.3M-50.7% | $29.1M+20.5% | $24.1M |
| Inventory | $58.3M+0.5% | $58.0M | $0 | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | $3.2M+205.4% | $1.1M-2.1% | $1.1M+48.9% | $722K+8.7% | $664K+21.5% | $546K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $126.0M+18.3% | $106.5M+154.4% | $41.9M+4.4% | $40.1M-13.0% | $46.1M-2.7% | $47.4M+30.5% | $36.3M |
| Current Liabilities | $36.9M-26.4% | $50.1M+200.8% | $16.7M+8.3% | $15.4M+169.1% | $5.7M+0.5% | $5.7M+66.3% | $3.4M |
| Long-Term Debt | $14.2M+307.3% | $3.5M+384.0% | $718K+15.3% | $623K+63.9% | $380K-32.8% | $565K+2.4% | $552K |
| Total Equity | $185.2M+41.9% | $130.6M+222.2% | $40.5M+90.0% | $21.3M-26.7% | $29.1M-30.5% | $41.8M+7.4% | $38.9M |
| Retained Earnings | -$160.8M-1.4% | -$158.6M-6.4% | -$149.1M-24.2% | -$120.1M-19.8% | -$100.3M-48.9% | -$67.3M-43.0% | -$47.1M |
ITRG Cash Flow Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q1'20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | 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 |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | 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 |
ITRG Financial Ratios
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q1'20 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 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 |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 3.52+1.2 | 2.28+1.7 | 0.59-0.5 | 1.10-1.5 | 2.64-2.6 | 5.23-2.0 | 7.21 |
| Debt-to-Equity | 0.08+0.0 | 0.030.0 | 0.02-0.0 | 0.03+0.0 | 0.010.0 | 0.010.0 | 0.01 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Integra Resource's annual revenue?
Integra Resource (ITRG) reported $243.9M in total revenue for fiscal year 2025. This represents a 703.7% 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 Integra Resource's revenue growing?
Integra Resource (ITRG) revenue grew by 703.7% year-over-year, from $30.4M to $243.9M in fiscal year 2025.
Is Integra Resource profitable?
No, Integra Resource (ITRG) reported a net income of -$2.2M in fiscal year 2025, with a net profit margin of -0.9%.
How much debt does Integra Resource have?
As of fiscal year 2025, Integra Resource (ITRG) had $63.1M in cash and equivalents against $14.2M in long-term debt.
What is Integra Resource's net profit margin?
Integra Resource (ITRG) had a net profit margin of -0.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Integra Resource's return on equity (ROE)?
Integra Resource (ITRG) has a return on equity of -1.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Integra Resource's free cash flow?
Integra Resource (ITRG) generated $25.1M in free cash flow during fiscal year 2025. This represents a 286.9% change compared to the previous fiscal year. 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 Integra Resource's operating cash flow?
Integra Resource (ITRG) generated $72.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Integra Resource's total assets?
Integra Resource (ITRG) had $311.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Integra Resource's capital expenditures?
Integra Resource (ITRG) invested $47.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Integra Resource's current ratio?
Integra Resource (ITRG) had a current ratio of 3.52 as of fiscal year 2025, which is generally considered healthy.
What is Integra Resource's debt-to-equity ratio?
Integra Resource (ITRG) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Integra Resource's return on assets (ROA)?
Integra Resource (ITRG) had a return on assets of -0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Integra Resource's Piotroski F-Score?
Integra Resource (ITRG) has a Piotroski F-Score of 5 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Integra Resource's earnings high quality?
Integra Resource (ITRG) has an earnings quality ratio of -32.21x, 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 Integra Resource?
Integra Resource (ITRG) scores 28 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.