Minerva Gold (MINR) 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 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Sep 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MINR SEC filings page.
Minerva Gold Inc (MINR) reported $34K in revenue for fiscal year 2026, up 28.8% 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).
Revenue is growing, but administrative spending exceeds sales and liabilities dwarf assets, revealing operations do not yet fund the business.
Growth is not improving operating economics: from FY2025 to FY2026, revenue increased28.8% while SG&A increased29.5% , so selling costs absorbed essentially all incremental sales. Net margin was-28.0% in FY2026 versus-27.4% in FY2025, showing that higher sales did not improve the reported loss rate.
Cash conversion is not the main issue: operating cash flow and free cash flow were both
The balance sheet is structurally overextended: liabilities were
Financial Health Signals
We do not publish a peer-relative financial health score for Minerva Gold Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Minerva Gold Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Minerva Gold Inc reported a net loss of $9K while operations used $10K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Minerva Gold Inc generated $9K in revenue in Q1 2027. This represents a decrease of 25.0% from the same quarter a year earlier.
Minerva Gold Inc reported a net loss of $2K in Q1 2027. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Minerva Gold Inc earned $0.00 per diluted share (EPS) in Q1 2027. 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 Q1 2027.
Cash & Balance Sheet
Minerva Gold Inc held $0 in cash as of Q1 2027; no long-term debt figure is on record for that period.
Not reported for Q1 2027.
Not reported for Q1 2027.
Margins & Returns
Minerva Gold Inc's net profit margin was -24.7% in Q1 2027, showing the share of revenue converted to profit. This is down 5.7 percentage points from the same quarter a year earlier.
Not reported for Q1 2027.
Not reported for Q1 2027.
Not reported for Q1 2027.
Capital Allocation
None of these metrics is reported for Q1 2027.
MINR 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 | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9K-25.0% | N/A | $0n/m | $12Kn/m | $12Kn/m | $26K | $0n/m | $0n/m |
| SG&A Expenses | $11K-21.4% | N/A | N/A | $4K-12.2% | $14K+6.5% | $10K | $5K | $5K |
| Income Tax | $0n/m | N/A | $0n/m | $0n/m | $0n/m | $0 | $0n/m | $0n/m |
| Net Income | -$2Kn/m | N/A | N/A | $8Kn/m | -$2Kn/m | $16K | -$5K | -$5K |
| EPS (Diluted) | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00 | $0.00n/m | $0.00 |
| Diluted Shares (Avg) | 7M0.0% | N/A | 7M0.0% | 7M0.0% | 7M0.0% | N/A | 7M0.0% | 7M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Interest Expense, EPS (Basic).
MINR 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 | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2K-80.8% | $10K-62.5% | $4K-1.1% | $20Kn/m | $13Kn/m | $27K+46460.3% | $4K+3030.4% | $0-100.0% |
| Current Assets | $0-100.0% | $7K-68.4% | $759+659.0% | $17Kn/m | $10Kn/m | $24Kn/m | $100n/m | $0n/m |
| Cash & Equivalents | $0-100.0% | $7K-58.8% | $759+659.0% | $17Kn/m | $10Kn/m | $17Kn/m | $100n/m | $0n/m |
| 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 | $55K-1.7% | $60K-11.1% | $58K-3.3% | $56K+7.2% | $56K+18.6% | $68K+101.1% | $60K+323.3% | $52K+290.9% |
| Current Liabilities | $55K-1.7% | $60K-11.1% | $58K-3.3% | $56K+7.2% | $56K+18.6% | $68K+101.1% | $60K+332.4% | $52K+290.9% |
| Non-Current Liabilities | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0-100.0% | $0n/m |
| Total Equity | -$52Kn/m | -$50Kn/m | -$55Kn/m | -$35Kn/m | -$43Kn/m | -$41Kn/m | -$57Kn/m | -$52Kn/m |
| Retained Earnings | -$89Kn/m | -$87Kn/m | -$91Kn/m | -$72Kn/m | -$79Kn/m | -$77Kn/m | -$93Kn/m | -$88Kn/m |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
MINR 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 | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6Kn/m | $6K-63.0% | -$17Kn/m | $8Kn/m | -$8Kn/m | $17K | -$148 | -$5K |
| Depreciation & Amortization | $1750.0% | $1750.0% | $175n/m | $175n/m | $175+201.7% | $175+207.0% | $0-100.0% | $0-100.0% |
| Capital Expenditures | N/A | $0n/m | N/A | N/A | N/A | $0 | N/A | N/A |
| Free Cash Flow | N/A | $6K-63.0% | N/A | N/A | N/A | $17K | N/A | N/A |
| Investing Cash Flow | N/A | $0n/m | N/A | N/A | N/A | $0n/m | N/A | N/A |
| Financing Cash Flow | -$945n/m | $0n/m | $0-100.0% | $0-100.0% | $0-100.0% | $0 | $4K | $5Kn/m |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
MINR 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 | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -24.7%-5.7pp | N/A | N/A | 63.5% | -19.0% | 61.3% | N/A | N/A |
| Return on Assets | -90.6%-72.8pp | N/A | N/A | 37.5% | -17.9% | 59.0% | -129.7% | N/A |
| Current Ratio | 0.00-0.2x | 0.12-0.2x | 0.010.0x | 0.31+0.3x | 0.17+0.2x | 0.35+0.3x | 0.000.0x | 0.000.0x |
| Asset Turnover | 3.67+2.7x | N/A | 0.000.0x | 0.59 | 0.94 | 0.96 | 0.000.0x | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | 65.7% | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity.
Note: Shareholder equity is negative (-$50K), 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 (0.12), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Minerva Gold Inc Ranks
Frequently Asked Questions
Minerva Gold Inc (MINR) reported $34K in total revenue for fiscal year 2026. This represents a 28.8% 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.
Minerva Gold Inc (MINR) revenue grew by 28.8% year-over-year, from $26K to $34K in fiscal year 2026.
No, Minerva Gold Inc (MINR) reported a net loss of $9K in fiscal year 2026, with a net profit margin of -28.0%.
Minerva Gold Inc (MINR) had a net profit margin of -28.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Minerva Gold Inc (MINR) recorded an outflow of $10K in free cash flow during fiscal year 2026. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Minerva Gold Inc (MINR) recorded an outflow of $10K in operating cash flow during fiscal year 2026, representing cash used by core business activities.
Minerva Gold Inc (MINR) had $10K in total assets as of fiscal year 2026, including both current and long-term assets.
Minerva Gold Inc (MINR) reported no capital expenditure during fiscal year 2026.
Minerva Gold Inc (MINR) had a current ratio of 0.12 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
Minerva Gold Inc (MINR) had a return on assets of -92.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
Minerva Gold Inc (MINR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $758K as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Minerva Gold Inc (MINR) trades at 22.6x sales, its market capitalization divided by $34K revenue, FY2026. The market capitalization is $758K as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2026, Minerva Gold Inc (MINR) held $7K in cash, cash equivalents and investments, and reported an operating cash outflow of $10K over that year. Dividing the one by the other, the reported balance equals about 8 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.
Minerva Gold Inc (MINR) has negative shareholder equity of -$50K as of fiscal year 2026, 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.
Minerva Gold Inc (MINR) has a Piotroski F-Score of 2 out of 7 computable signals; 2 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.
Minerva Gold Inc (MINR) reported a net loss of $9K while operations used $10K of cash. With neither figure positive, 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.