What is Nevada Canyon Gold Corp's earnings per share (EPS)?

Nevada Canyon Gold Corp (NGLD) reported diluted earnings per share of $0.13 for fiscal year 2025. This represents a -7.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Nevada Canyon Gold Corp Financials

NGLD

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Nevada Canyon Gold Corp (NGLD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Rhea AI NGLD FY2025 2026-05-13

Cash reserves are being consumed by operating losses, but the company still carries a mostly equity-funded balance sheet rather than debt dependence.

The current liquidity cushion is largely a leftover from FY2023, when financing brought in $9.94M; by FY2025, cash had fallen to $5.46M as operating cash burn widened to -$1.91M while new financing slowed to $288K. That means the business is now spending down prior capital raises more than replenishing them.

Balance-sheet pressure is not coming from lenders: FY2025 liabilities were only $1.40M against equity of $6.97M, with debt-to-equity at 0.2x, so cumulative losses have not translated into heavy leverage. The tradeoff is equity reliance, visible in shares outstanding rising from 25.2M in FY2023 to 28.5M in FY2025.

Losses are becoming more cash-consuming: net loss reached -$3.73M in FY2025 and operating cash outflow nearly doubled from -$954K in FY2024 to -$1.91M. With cash at $5.46M, the company held roughly 2.9x its latest annual operating burn, which is a meaningful cushion but not a self-renewing one.

Financial Health Signals

Financial Profile 16/100

Based on FY2025 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 Nevada Canyon 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.

Leverage

Nevada Canyon Gold Corp carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Returns

Nevada Canyon Gold Corp generates a -53.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -39.1% the prior year.

Piotroski F-Score Weak

1/9

Nevada Canyon Gold Corp passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.51x

For every $1 of reported earnings, Nevada Canyon Gold Corp generates $0.51 in operating cash flow (-$1.9M OCF vs -$3.7M 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

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$3.7M

YoY-4.8%

Nevada Canyon Gold Corp reported -$3.7M in net income in fiscal year 2025. This represents a decrease of 4.8% from the prior year.

EPS (Diluted)

$0.13

YoY-7.1%

5Y CAGR+16.7%

Nevada Canyon Gold Corp earned $0.13 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 7.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$5.5M

YoY-22.5%

5Y CAGR+43.6%

10Y CAGR+63.9%

Nevada Canyon Gold Corp held $5.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

28M

YoY+3.9%

5Y CAGR+44.9%

Nevada Canyon Gold Corp had 28M shares outstanding in fiscal year 2025. This represents an increase of 3.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-53.6%

YoY-14.5pp

5Y CAGR-161.1pp

Nevada Canyon Gold Corp's ROE was -53.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 14.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

NGLD Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$84K+47.7%	$57K-22.3%	$73K-35.9%	$114K+88.5%	$61K+427.8%	$11K
Operating Income	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
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$3.7M-4.8%	-$3.6M-34.2%	-$2.7M-70.6%	-$1.6M-124.7%	-$693K-340.3%	$288K
EPS (Diluted)	$0.13-7.1%	$0.14-33.3%	$0.21+141.2%	$-0.51	N/A	$0.06

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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	$24K	N/A	$26K+30.5%	$20K+10.6%	$18K	N/A	$8K-65.1%	$22K
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$324K	N/A	-$1.5M-323.6%	-$365K+58.6%	-$882K	N/A	-$829K+4.2%	-$865K
EPS (Diluted)	$0.01	N/A	$0.05+400.0%	$0.01-66.7%	$0.03	N/A	$0.03-25.0%	$0.04

NGLD Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.4M-19.7%	$10.4M-6.3%	$11.1M+488.8%	$1.9M-7.0%	$2.0M+19.5%	$1.7M
Current Assets	$5.5M-27.1%	$7.5M-26.6%	$10.3M+916.5%	$1.0M-29.9%	$1.4M+61.2%	$895K
Cash & Equivalents	$5.5M-22.5%	$7.0M-27.8%	$9.7M+867.6%	$1.0M-29.1%	$1.4M+59.0%	$894K
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.4M+6.7%	$1.3M+0.6%	$1.3M-1.2%	$1.3M-26.2%	$1.8M+25.1%	$1.4M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$7.0M-23.5%	$9.1M-7.2%	$9.8M+1631.0%	$567K+136.3%	$240K-10.5%	$268K
Retained Earnings	-$12.5M-42.8%	-$8.7M-69.0%	-$5.2M-105.9%	-$2.5M-163.5%	-$951K-267.3%	-$259K

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$8.2M-2.6%	$8.4M-8.9%	$9.2M-7.3%	$9.9M-1.9%	$10.1M-3.2%	$10.4M-3.4%	$10.8M-2.1%	$11.0M
Current Assets	$5.3M-4.3%	$5.5M-12.9%	$6.3M-10.6%	$7.1M-2.1%	$7.2M-4.4%	$7.5M-4.7%	$7.9M-18.0%	$9.7M
Cash & Equivalents	$5.2M-5.4%	$5.5M-10.9%	$6.1M-9.2%	$6.7M+0.2%	$6.7M-4.4%	$7.0M-4.9%	$7.4M-18.7%	$9.1M
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	$1.3M-6.8%	$1.4M-8.1%	$1.5M+11.8%	$1.4M+4.4%	$1.3M-0.5%	$1.3M+2.9%	$1.3M-2.4%	$1.3M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$6.8M-1.7%	$7.0M-9.0%	$7.7M-10.3%	$8.5M-2.8%	$8.8M-3.6%	$9.1M-4.2%	$9.5M-2.1%	$9.7M
Retained Earnings	-$12.8M-2.6%	-$12.5M-8.1%	-$11.5M-15.5%	-$10.0M-3.8%	-$9.6M-10.1%	-$8.7M-13.4%	-$7.7M-12.1%	-$6.9M

NGLD Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$1.9M-100.0%	-$954K+16.7%	-$1.1M-166.1%	-$431K-93.7%	-$222K-399.3%	-$45K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$40K+101.8%	-$2.2M-3625.0%	-$60K-136.4%	$165K+169.2%	-$238K-144.0%	$541K
Financing Cash Flow	$288K-40.1%	$481K-95.2%	$9.9M+6862.9%	-$147K-115.0%	$980K	N/A
Dividends Paid	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

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$293K+56.0%	-$665K-14.4%	-$581K-572.0%	-$86K+85.0%	-$577K-343.5%	-$130K+49.1%	-$255K+21.9%	-$327K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	$0+100.0%	-$40K-140.0%	$100K+600.0%	-$20K+90.0%	-$200K+87.0%	-$1.5M-224.2%	-$475K
Financing Cash Flow	N/A	$0	$0	$0-100.0%	$288K+969.9%	-$33K-137.6%	$88K-67.2%	$268K
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

NGLD Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-53.6%-14.5pp	-39.1%-12.0pp	-27.1%+247.4pp	-274.4%+14.2pp	-288.6%-396.1pp	107.5%
Return on Assets	-44.6%-10.4pp	-34.2%-10.3pp	-23.9%+58.5pp	-82.4%-48.3pp	-34.1%-51.0pp	17.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.20+0.1	0.14+0.0	0.13-2.2	2.33-5.1	7.47+2.1	5.34
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-4.7%	N/A	-20.2%-15.9pp	-4.3%+5.8pp	-10.0%	N/A	-8.7%+0.2pp	-8.9%
Return on Assets	-4.0%	N/A	-16.9%-13.2pp	-3.7%+5.1pp	-8.7%	N/A	-7.7%+0.2pp	-7.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.19-0.0	0.200.0	0.20+0.0	0.16+0.0	0.150.0	0.14+0.0	0.130.0	0.13
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Nevada Canyon Gold Corp profitable?

No, Nevada Canyon Gold Corp (NGLD) reported a net income of -$3.7M in fiscal year 2025.

What is Nevada Canyon Gold Corp's return on equity (ROE)?

Nevada Canyon Gold Corp (NGLD) has a return on equity of -53.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Nevada Canyon Gold Corp's operating cash flow?

Nevada Canyon Gold Corp (NGLD) generated -$1.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Nevada Canyon Gold Corp's total assets?

Nevada Canyon Gold Corp (NGLD) had $8.4M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Nevada Canyon Gold Corp have outstanding?

Nevada Canyon Gold Corp (NGLD) had 28M shares outstanding as of fiscal year 2025.

What is Nevada Canyon Gold Corp's debt-to-equity ratio?

Nevada Canyon Gold Corp (NGLD) had a debt-to-equity ratio of 0.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nevada Canyon Gold Corp's return on assets (ROA)?

Nevada Canyon Gold Corp (NGLD) had a return on assets of -44.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Nevada Canyon Gold Corp's cash runway?

Based on fiscal year 2025 data, Nevada Canyon Gold Corp (NGLD) had $5.5M in cash against an annual operating cash burn of $1.9M. This gives an estimated cash runway of approximately 34 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.

What is Nevada Canyon Gold Corp's Piotroski F-Score?

Nevada Canyon Gold Corp (NGLD) has a Piotroski F-Score of 1 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 Nevada Canyon Gold Corp's earnings high quality?

Nevada Canyon Gold Corp (NGLD) has an earnings quality ratio of 0.51x, 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 Nevada Canyon Gold Corp?

Nevada Canyon Gold Corp (NGLD) scores 16 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.