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 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).
A financing-dependent balance sheet is supporting a business whose cash burn improved faster than commercial activity emerged.
Across the last comparable filings, net loss narrowed from-$17.7K to-$7.1K , and the parallel improvement in operating cash burn suggests losses became less cash-hungry rather than simply less negative on paper. The move from a prior filing that showed only$58 of assets to year-end cash of$17.2K was a recapitalization story, not an internally funded recovery.
Liquidity is still the operative constraint: cash of
FY2025 revenue of
Financial Health Signals
Based on FY2026 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 Minerva Gold Inc'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.
Minerva Gold Inc has elevated debt relative to equity (D/E of -1.20), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Minerva Gold Inc's current ratio of 0.12 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Minerva Gold Inc generated -$10K in operating cash flow, capex of $0 consumed most of it, leaving -$10K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Minerva Gold Inc passes 2 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Minerva Gold Inc generates $1.08 in operating cash flow (-$10K OCF vs -$9K 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 $34K in revenue in fiscal year 2026. This represents an increase of 28.8% from the prior year.
Minerva Gold Inc reported -$9K in net income in fiscal year 2026. This represents a decrease of 31.8% from the prior year.
Cash & Balance Sheet
Minerva Gold Inc generated -$10K in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 106.6% from the prior year.
Minerva Gold Inc held $7K in cash against $0 in long-term debt as of fiscal year 2026.
Minerva Gold Inc had 7M shares outstanding in fiscal year 2026. This represents an increase of 0.0% from the prior year.
Margins & Returns
Minerva Gold Inc's net profit margin was -28.0% in fiscal year 2026, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.
Capital Allocation
Minerva Gold Inc invested $0 in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
MINR Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $0-100.0% | $12K0.0% | $12K | N/A | $0 | $0 | $0 |
| 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 | N/A | N/A | $4K-69.3% | $14K | N/A | $5K-6.3% | $5K-62.8% | $13K |
| 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 | N/A | $0 | $0 | $0 | N/A | $0 | $0 | $0 |
| Net Income | N/A | N/A | $8K+435.1% | -$2K | N/A | -$5K+6.3% | -$5K+62.8% | -$13K |
| EPS (Diluted) | N/A | $0.00 | $0.00 | $0.00 | N/A | $0.00 | $0.00 | $0.00 |
MINR Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10K+184.2% | $4K-82.5% | $20K+59.9% | $13K-52.9% | $27K+650.1% | $4K | $0 | $0 |
| Current Assets | $7K+887.0% | $759-95.6% | $17K+81.4% | $10K-59.5% | $24K+23580.0% | $100 | $0 | $0 |
| Cash & Equivalents | $7K+832.4% | $759-95.6% | $17K+81.4% | $10K-44.2% | $17K+17080.0% | $100 | $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 | $60K+3.4% | $58K+4.5% | $56K0.0% | $56K-17.7% | $68K+12.4% | $60K+15.9% | $52K+10.6% | $47K |
| Current Liabilities | $60K+3.4% | $58K+4.5% | $56K0.0% | $56K-17.7% | $68K+12.4% | $60K+15.9% | $52K+10.6% | $47K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$50K+8.3% | -$55K-54.5% | -$35K+17.7% | -$43K-5.6% | -$41K+28.1% | -$57K-9.0% | -$52K-10.6% | -$47K |
| Retained Earnings | -$87K+5.0% | -$91K-26.9% | -$72K+9.6% | -$79K-2.9% | -$77K+17.1% | -$93K-5.3% | -$88K-6.0% | -$83K |
MINR Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $6K+138.0% | -$17K-313.1% | $8K+202.6% | -$8K-144.5% | $17K+11640.5% | -$148+97.0% | -$5K+62.7% | -$13K |
| Capital Expenditures | $0 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Free Cash Flow | $6K | N/A | N/A | N/A | $17K | N/A | N/A | N/A |
| Investing Cash Flow | $0 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Financing Cash Flow | $0 | $0 | $0 | $0 | $0-100.0% | $4K-24.8% | $5K-62.7% | $13K |
| 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 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | 63.5%+82.5pp | -19.0% | 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 | N/A | N/A | 37.5%+55.3pp | -17.9% | N/A | -129.7% | N/A | N/A |
| Current Ratio | 0.12+0.1 | 0.01-0.3 | 0.31+0.1 | 0.17-0.2 | 0.35+0.3 | 0.000.0 | 0.000.0 | 0.00 |
| Debt-to-Equity | -1.20-0.1 | -1.06+0.5 | -1.57-0.3 | -1.30+0.4 | -1.66-0.6 | -1.06-0.1 | -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 (-$50K), 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 (0.12), 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 $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.
How fast is Minerva Gold Inc's revenue growing?
Minerva Gold Inc (MINR) revenue grew by 28.8% year-over-year, from $26K to $34K in fiscal year 2026.
Is Minerva Gold Inc profitable?
No, Minerva Gold Inc (MINR) reported a net income of -$9K in fiscal year 2026, with a net profit margin of -28.0%.
What is Minerva Gold Inc's net profit margin?
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.
What is Minerva Gold Inc's free cash flow?
Minerva Gold Inc (MINR) generated -$10K in free cash flow during fiscal year 2026. This represents a -106.6% 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 Minerva Gold Inc's operating cash flow?
Minerva Gold Inc (MINR) generated -$10K in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Minerva Gold Inc's total assets?
Minerva Gold Inc (MINR) had $10K in total assets as of fiscal year 2026, including both current and long-term assets.
What are Minerva Gold Inc's capital expenditures?
Minerva Gold Inc (MINR) invested $0 in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Minerva Gold Inc's current ratio?
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.
What is Minerva Gold Inc's debt-to-equity ratio?
Minerva Gold Inc (MINR) had a debt-to-equity ratio of -1.20 as of fiscal year 2026, 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 -92.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Minerva Gold Inc's cash runway?
Based on fiscal year 2026 data, Minerva Gold Inc (MINR) had $7K in cash against an annual operating cash burn of $10K. This gives an estimated cash runway of approximately 8 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 -$50K as of fiscal year 2026, 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 2 out of 9, indicating weak 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 Minerva Gold Inc's earnings high quality?
Minerva Gold Inc (MINR) has an earnings quality ratio of 1.08x, 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.
How financially healthy is Minerva Gold Inc?
Minerva Gold Inc (MINR) scores 0 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.