MAGELLAN COPPER AND GOLD (MAGE) 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 20, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MAGE SEC filings page.
This page shows MAGELLAN COPPER AND GOLD (MAGE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Magellan remains a pre-revenue company whose liabilities are rising while its asset base and equity position deteriorate.
The latest balance sheet combines liabilities of$2.1M with only$10K of assets, producing liabilities equal to20,041.5% of assets; this is not ordinary operating leverage but a balance sheet dominated by obligations. At the same time, FY2025 financing inflows of$36.6K nearly matched operating cash outflows of$37.0K , indicating that reported operations were not self-funded.
Liquidity is extremely constrained: the current ratio was just 0.005x in FY2025, while the supplied liquidity measure equaled 0.2 months of the latest annual operating outflow. Current liabilities exceeded current assets by roughly two hundred times, leaving little short-term balance-sheet flexibility.
The company’s negative equity widened to
Financial Health Signals
MAGELLAN COPPER AND GOLD does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
MAGELLAN COPPER AND GOLD earned -$0.01 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
MAGELLAN COPPER AND GOLD held $1K in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
MAGE 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | N/A | $113K+94.8% | N/A | $32K-70.5% | $47K-34.1% | $58K-42.2% | N/A | $107K+81.0% |
| Operating Income | N/A | -$113Kn/m | N/A | -$32Kn/m | -$47Kn/m | -$58Kn/m | N/A | -$107Kn/m |
| Interest Expense | $23K+25.6% | $22K-3.9% | N/A | $18K-16.8% | $18K-13.6% | $23K+12.9% | N/A | $22K+2.8% |
| Net Income | N/A | N/A | N/A | -$153Kn/m | $2Kn/m | -$184Kn/m | N/A | -$67Kn/m |
| EPS (Basic) | -$0.01n/m | -$0.01n/m | -$0.01n/m | -$0.01n/m | $0.00n/m | -$0.01n/m | -$0.02n/m | $0.00n/m |
| EPS (Diluted) | -$0.01n/m | -$0.01n/m | -$0.01n/m | -$0.01n/m | $0.00n/m | -$0.01n/m | -$0.02n/m | $0.00n/m |
| Diluted Shares (Avg) | 26M-5.2% | 27M+4.7% | N/A | 27M+7.7% | 27M+7.7% | 26M+4.3% | N/A | 25M+30.3% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Income Tax.
MAGE 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9K-91.4% | $27K-74.1% | $10K-89.6% | $106K-80.3% | $108K-79.5% | $106K-79.8% | $101K+0.8% | $539K-58.8% |
| Current Assets | $9K+14.3% | $2K-59.0% | $10K+1071.5% | $6K-62.5% | $8K+106.7% | $6K+390.5% | $896+805.1% | $16K+24.5% |
| Cash & Equivalents | $1K+104.6% | $504-91.3% | $547-39.0% | $388-97.6% | $589-84.9% | $6K+390.5% | $896+805.1% | $16K+24.5% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $2.5M+27.4% | $2.3M+16.2% | $2.1M+6.1% | $2.1M+9.6% | $2.0M+1.3% | $2.0M+5.4% | $2.0M+11.1% | $1.9M+7.5% |
| Current Liabilities | $2.5M+27.4% | $2.3M+16.2% | $2.1M+6.1% | $2.1M+9.6% | $2.0M+1.3% | $2.0M+5.4% | $2.0M+11.1% | $1.9M+7.5% |
| Non-Current Liabilities | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Equity | -$2.5Mn/m | -$2.3Mn/m | -$2.1Mn/m | -$2.0Mn/m | -$1.9Mn/m | -$1.9Mn/m | -$1.9Mn/m | -$1.4Mn/m |
| Retained Earnings | -$22.6Mn/m | -$22.4Mn/m | -$22.2Mn/m | -$22.1Mn/m | -$21.9Mn/m | -$21.9Mn/m | -$21.8Mn/m | -$21.3Mn/m |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
MAGE 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$9Kn/m | -$6Kn/m | -$10Kn/m | -$201n/m | -$5Kn/m | -$22Kn/m | -$20Kn/m | -$12Kn/m |
| Stock-Based Compensation | N/A | $11K+39.5% | N/A | N/A | N/A | $8K-81.7% | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $0n/m | $0n/m |
| Financing Cash Flow | $10Kn/m | $6K-78.0% | $10K+100.0% | $0-100.0% | $0-100.0% | $27K-64.5% | $5K+400.0% | $25K+94.4% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
MAGE 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$2.1M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where MAGELLAN COPPER AND GOLD Ranks
Frequently Asked Questions
What is MAGELLAN COPPER AND GOLD's operating cash flow?
MAGELLAN COPPER AND GOLD (MAGE) recorded an outflow of $37K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are MAGELLAN COPPER AND GOLD's total assets?
MAGELLAN COPPER AND GOLD (MAGE) had $10K in total assets as of fiscal year 2025, including both current and long-term assets.
What is MAGELLAN COPPER AND GOLD's current ratio?
MAGELLAN COPPER AND GOLD (MAGE) had a current ratio of 0.01 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is MAGELLAN COPPER AND GOLD's P/E ratio?
MAGELLAN COPPER AND GOLD (MAGE) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $2.5M as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MAGELLAN COPPER AND GOLD's price-to-sales ratio?
MAGELLAN COPPER AND GOLD (MAGE) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $2.5M as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does MAGELLAN COPPER AND GOLD's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, MAGELLAN COPPER AND GOLD (MAGE) held $547 in cash, cash equivalents and investments, and reported an operating cash outflow of $37K over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is MAGELLAN COPPER AND GOLD's debt-to-equity ratio negative or not reported?
MAGELLAN COPPER AND GOLD (MAGE) has negative shareholder equity of -$2.1M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.