Minerva Gold Inc Financials
This page shows Minerva Gold Inc (MINR) 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
Minerva Gold Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Minerva Gold Inc generates $0.20 in operating cash flow (-$1K OCF vs -$7K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Minerva Gold Inc generated $26K in revenue in fiscal year 2025.
Minerva Gold Inc reported -$7K in net income in fiscal year 2025. This represents an increase of 80.0% from the prior year.
Cash & Balance Sheet
Minerva Gold Inc generated -$5K in free cash flow in fiscal year 2025, representing cash available after capex.
Minerva Gold Inc held $17K in cash against $0 in long-term debt as of fiscal year 2025.
Minerva Gold Inc had 7M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Minerva Gold Inc's net profit margin was -27.4% in fiscal year 2025, showing the share of revenue converted to profit.
Capital Allocation
Minerva Gold Inc invested $4K in capex in fiscal year 2025, funding long-term assets and infrastructure.
MINR Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0-100.0% | $12K0.0% | $12K | N/A | $0 | $0 | $0 | N/A |
| Cost of Revenue | N/A | 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 | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $19K+340.9% | $4K-69.3% | $14K | N/A | $5K-6.3% | $5K-62.8% | $13K | N/A |
| Operating Income | N/A | 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 | N/A |
| Income Tax | $0 | $0 | $0 | N/A | $0 | $0 | $0 | N/A |
| Net Income | -$19K-353.1% | $8K+435.1% | -$2K | N/A | -$5K+6.3% | -$5K+62.8% | -$13K | N/A |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | N/A | $0.00 | $0.00 | $0.00 | N/A |
MINR Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4K-82.5% | $20K+59.9% | $13K-52.9% | $27K+650.1% | $4K | $0 | $0-100.0% | $58 |
| Current Assets | $759-95.6% | $17K+81.4% | $10K-59.5% | $24K+23580.0% | $100 | $0 | $0 | $0 |
| Cash & Equivalents | $759-95.6% | $17K+81.4% | $10K-44.2% | $17K+17080.0% | $100 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $58K+4.5% | $56K0.0% | $56K-17.7% | $68K+12.4% | $60K+15.9% | $52K+10.6% | $47K+39.6% | $34K |
| Current Liabilities | $58K+4.5% | $56K0.0% | $56K-17.7% | $68K+12.4% | $60K+15.9% | $52K+10.6% | $47K+39.6% | $34K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$55K-54.5% | -$35K+17.7% | -$43K-5.6% | -$41K+28.1% | -$57K-9.0% | -$52K-10.6% | -$47K-39.8% | -$34K |
| Retained Earnings | -$91K-26.9% | -$72K+9.6% | -$79K-2.9% | -$77K+17.1% | -$93K-5.3% | -$88K-6.0% | -$83K-19.1% | -$70K |
MINR Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$17K-313.1% | $8K+202.6% | -$8K-144.5% | $17K+11640.5% | -$148+97.0% | -$5K+62.7% | -$13K+32.5% | -$20K |
| Capital Expenditures | N/A | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | $17K | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | $0 | N/A | N/A | N/A | $0 |
| Financing Cash Flow | $0 | $0 | $0 | $0-100.0% | $4K-24.8% | $5K-62.7% | $13K-32.5% | $20K |
| Dividends Paid | N/A | 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 | N/A |
MINR Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 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 | N/A |
| Net Margin | N/A | 63.5%+82.5pp | -19.0% | 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 | N/A |
| Return on Assets | -542.1%-579.6pp | 37.5%+55.3pp | -17.9% | N/A | -129.7% | N/A | N/A | N/A |
| Current Ratio | 0.01-0.3 | 0.31+0.1 | 0.17-0.2 | 0.35+0.3 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00 |
| Debt-to-Equity | -1.06+0.5 | -1.57-0.3 | -1.30+0.4 | -1.66-0.6 | -1.06-0.1 | -1.000.0 | -1.000.0 | -1.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$41K), which causes debt-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 (0.35), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Minerva Gold Inc's annual revenue?
Minerva Gold Inc (MINR) reported $26K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Minerva Gold Inc profitable?
No, Minerva Gold Inc (MINR) reported a net income of -$7K in fiscal year 2025, with a net profit margin of -27.4%.
What is Minerva Gold Inc's net profit margin?
Minerva Gold Inc (MINR) had a net profit margin of -27.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Minerva Gold Inc's free cash flow?
Minerva Gold Inc (MINR) generated -$5K in free cash flow during fiscal year 2025. 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 Minerva Gold Inc's operating cash flow?
Minerva Gold Inc (MINR) generated -$1K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Minerva Gold Inc's total assets?
Minerva Gold Inc (MINR) had $27K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Minerva Gold Inc's capital expenditures?
Minerva Gold Inc (MINR) invested $4K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Minerva Gold Inc's current ratio?
Minerva Gold Inc (MINR) had a current ratio of 0.35 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Minerva Gold Inc's debt-to-equity ratio?
Minerva Gold Inc (MINR) had a debt-to-equity ratio of -1.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Minerva Gold Inc's return on assets (ROA)?
Minerva Gold Inc (MINR) had a return on assets of -26.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Minerva Gold Inc's cash runway?
Based on fiscal year 2025 data, Minerva Gold Inc (MINR) had $17K in cash against an annual operating cash burn of $1K. This gives an estimated cash runway of approximately 148 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Minerva Gold Inc's debt-to-equity ratio negative or unusual?
Minerva Gold Inc (MINR) has negative shareholder equity of -$41K as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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.
What is Minerva Gold Inc's Piotroski F-Score?
Minerva Gold Inc (MINR) has a Piotroski F-Score of 4 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 Minerva Gold Inc's earnings high quality?
Minerva Gold Inc (MINR) has an earnings quality ratio of 0.20x, considered low quality (accrual-driven). 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.