New Found Gold Corp (NFGC) 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 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Mar 25, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NFGC SEC filings page.
New Found Gold Corp (NFGC) reported $4.2M in revenue for fiscal year 2025. This page shows its 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).
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of New Found Gold Corp'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.
New Found Gold Corp's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 1/100.
Not available for New Found Gold Corp, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
New Found Gold Corp carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.89, New Found Gold Corp holds $3.89 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 86/100.
New Found Gold Corp's reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 1/100.
New Found Gold Corp posts a -11.3% return on equity (ROE), meaning it loses $11 for every $100 of shareholders' equity. This results in a returns score of 18/100. This is up from -75.5% the prior year.
New Found Gold Corp scores 3.07, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $603.4M against total liabilities of $85.4M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
New Found Gold Corp passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
New Found Gold Corp reported a net loss of $34.7M while operations used $40.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
New Found Gold Corp generated $4.2M in revenue in fiscal year 2025.
New Found Gold Corp reported a net loss of $34.7M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
New Found Gold Corp earned -$0.15 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Cash & Balance Sheet
New Found Gold Corp recorded an outflow of $41.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
New Found Gold Corp held $42.9M in cash against $367K in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
New Found Gold Corp's gross margin was 2.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
New Found Gold Corp's ROE was -11.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 64.2 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
New Found Gold Corp invested $1.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 198.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
NFGC 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 | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Revenue | $4.2M | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | $4.1M | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $86K | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$46.7Mn/m | -$41.9Mn/m | -$78.4Mn/m | -$65.6Mn/m | -$44.3Mn/m | -$30.1M |
| Interest Expense | N/A | $17K-15.1% | $21K+73.9% | $12K+101.5% | $6K+111.0% | $3K |
| Income Tax | -$288K | N/A | $0n/m | $0n/m | $0n/m | $0 |
| Net Income | -$34.7Mn/m | -$34.9M-157.7% | $60.5M-9.0% | $66.5M+67.8% | $39.6M+55.4% | $25.5M |
| EPS (Basic) | -$0.15n/m | -$0.18n/m | -$0.34n/m | -$0.40n/m | -$0.26n/m | -$0.23 |
| EPS (Diluted) | -$0.15n/m | -$0.18n/m | -$0.34n/m | -$0.40n/m | -$0.26n/m | -$0.23 |
| Diluted Shares (Avg) | 235M+20.9% | 194M+8.8% | 178M+6.9% | 167M+7.7% | 155M+37.5% | 113M |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, EBITDA.
NFGC 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 | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Total Assets | $391.0M+660.7% | $51.4M-19.8% | $64.1M-21.7% | $81.8M-29.4% | $115.9M+101.0% | $57.7M |
| Current Assets | $61.4M+197.3% | $20.7M-56.3% | $47.2M-32.2% | $69.7M-34.8% | $106.8M+91.5% | $55.8M |
| Cash & Equivalents | $42.9M+176.9% | $15.5M-62.0% | $40.8M-32.8% | $60.7M-22.8% | $78.6M+110.1% | $37.4M |
| Inventory | $6.4M | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $3.2M+105.5% | $1.5M | N/A | N/A | N/A | N/A |
| Goodwill | $88.3M | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $85.4M+1550.1% | $5.2M-64.2% | $14.4M-28.1% | $20.1M+1.1% | $19.9M+3892.5% | $498K |
| Current Liabilities | $15.8M+208.4% | $5.1M-64.4% | $14.4M-28.2% | $20.1M+100.9% | $10.0M+1904.9% | $498K |
| Non-Current Liabilities | $69.5M+144368.7% | $48K-7.7% | $52K+2.5% | $51K-99.5% | $9.9Mn/m | $0 |
| Long-Term Debt | $367K | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $305.6M+561.1% | $46.2M-6.8% | $49.6M-19.6% | $61.7M-35.7% | $96.0M+67.9% | $57.2M |
| Retained Earnings | -$260.6Mn/m | -$215.1Mn/m | -$196.6Mn/m | -$132.7Mn/m | -$70.1Mn/m | -$30.6M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
NFGC 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 | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$40.2Mn/m | -$38.7Mn/m | -$75.2Mn/m | -$55.0Mn/m | -$38.0Mn/m | -$10.4M |
| Capital Expenditures | $1.3M+198.1% | $435K-61.4% | $1.1M-71.6% | $4.0M+241.1% | $1.2M+2.4% | $1.1M |
| Free Cash Flow | -$41.5Mn/m | -$39.1Mn/m | -$76.3Mn/m | -$58.9Mn/m | -$39.1Mn/m | -$11.5M |
| Investing Cash Flow | $6.8Mn/m | -$2.2Mn/m | -$3.4Mn/m | -$545Kn/m | -$13.4Mn/m | -$1.2M |
| Financing Cash Flow | $60.1M+217.1% | $19.0M-66.8% | $57.1M+36.1% | $42.0M-54.7% | $92.6M+114.0% | $43.3M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.
NFGC 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 | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Gross Margin | 2.0% | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -1102.0% | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -819.2% | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -11.3%+64.2pp | -75.5%-197.5pp | 122.0%+14.2pp | 107.8%+66.5pp | 41.3%-3.3pp | 44.6% |
| Return on Assets | -8.9%+59.0pp | -67.9%-162.4pp | 94.5%+13.2pp | 81.3%+47.1pp | 34.2%-10.0pp | 44.2% |
| Current Ratio | 3.89-0.1x | 4.03+0.8x | 3.28-0.2x | 3.48-7.2x | 10.70-101.3x | 112.05 |
| Debt-to-Equity | 0.00 | N/A | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | 0.28+0.2x | 0.11-0.2x | 0.290.0x | 0.33+0.1x | 0.21+0.2x | 0.01 |
| Asset Turnover | 0.01 | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | -980.3% | N/A | N/A | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| New Found Gold Corp NFGC | FY2025 | $4.2M | -$34.7M | N/A | $603.4M | 39/100 |
| Dakota Gold Corp. DC | FY2025 | N/A | -$29.5M | N/A | $752.7M | — |
| Caledonia Mining Corporation Plc CMCL | FY2025 | $267.7M | $67.5M | 25.2% | $440.6M | 74/100 |
| Galiano Gold Inc. GAU | FY2025 | $447.8M | -$29.3M | -6.5% | $599.0M | 51/100 |
| Gold Royalty Corp. GROY | FY2025 | $15.6M | -$4.1M | -26.5% | $699.7M | 72/100 |
| Idaho Strategic Resources, Inc. IDR | FY2025 | $42.4M | $16.7M | 39.4% | $337.9M | 84/100 |
Where New Found Gold Corp Ranks
Frequently Asked Questions
What is New Found Gold Corp's annual revenue?
New Found Gold Corp (NFGC) reported $4.2M 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 New Found Gold Corp profitable?
No, New Found Gold Corp (NFGC) reported a net loss of $34.7M in fiscal year 2025.
How much debt does New Found Gold Corp have?
As of fiscal year 2025, New Found Gold Corp (NFGC) had $42.9M in cash and equivalents against $367K in long-term debt.
What is New Found Gold Corp's gross margin?
New Found Gold Corp (NFGC) had a gross margin of 2.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is New Found Gold Corp's return on equity (ROE)?
New Found Gold Corp (NFGC) has a return on equity of -11.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is New Found Gold Corp's free cash flow?
New Found Gold Corp (NFGC) recorded an outflow of $41.5M in free cash flow during fiscal year 2025. 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.
What is New Found Gold Corp's operating cash flow?
New Found Gold Corp (NFGC) recorded an outflow of $40.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are New Found Gold Corp's total assets?
New Found Gold Corp (NFGC) had $391.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are New Found Gold Corp's capital expenditures?
New Found Gold Corp (NFGC) invested $1.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is New Found Gold Corp's current ratio?
New Found Gold Corp (NFGC) had a current ratio of 3.89 as of fiscal year 2025, which is generally considered healthy.
What is New Found Gold Corp's debt-to-equity ratio?
New Found Gold Corp (NFGC) had a debt-to-equity ratio of 0.00 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is New Found Gold Corp's liabilities-to-equity ratio?
New Found Gold Corp (NFGC) had a liabilities-to-equity ratio of 0.28 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is New Found Gold Corp's return on assets (ROA)?
New Found Gold Corp (NFGC) had a return on assets of -8.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is New Found Gold Corp's P/E ratio?
New Found Gold Corp (NFGC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $603.4M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is New Found Gold Corp's price-to-sales ratio?
New Found Gold Corp (NFGC) trades at 142x sales, its market capitalization divided by $4.2M revenue, FY2025. The market capitalization is $603.4M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is New Found Gold Corp's Altman Z-Score?
New Found Gold Corp (NFGC) has an Altman Z-Score of 3.07, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is New Found Gold Corp's Piotroski F-Score?
New Found Gold Corp (NFGC) has a Piotroski F-Score of 1 out of 6 computable signals; 3 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.
Are New Found Gold Corp's earnings high quality?
New Found Gold Corp (NFGC) reported a net loss of $34.7M while operations used $40.2M 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.
How financially healthy is New Found Gold Corp?
New Found Gold Corp (NFGC) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For New Found Gold Corp it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.