Patriot Gold Corp Financials
This page shows Patriot Gold Corp (PGOL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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
Patriot Gold Corp passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Patriot Gold Corp generates $0.38 in operating cash flow (-$1.2M OCF vs -$3.1M 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
Patriot Gold Corp generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Patriot Gold Corp reported -$3.1M in net income in fiscal year 2025. This represents a decrease of 3895.7% from the prior year.
Patriot Gold Corp held $401K in cash against $0 in long-term debt as of fiscal year 2025.
Patriot Gold Corp had 60M shares outstanding in fiscal year 2025. This represents a decrease of 13.0% from the prior year.
Patriot Gold Corp spent $93K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 91.0% from the prior year.
PGOL Income Statement
| Metric | Q3'26 | Q2'26 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'24 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0-100.0% | $337K | $0 | $0-100.0% | $362K-27.8% | $501K |
| 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 | $35K-92.7% | $472K+62.9% | $290K-61.5% | $752K+700.4% | $94K-70.5% | $318K+27.1% | $250K-36.4% | $394K |
| Operating Income | -$243K+57.5% | -$572K-38.4% | -$413K+52.0% | -$861K-143.9% | -$353K+31.6% | -$516K-33.0% | -$388K-27.6% | -$304K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Net Income | -$251K+56.3% | -$575K-43.7% | -$400K+79.1% | -$1.9M-425.5% | -$365K+27.4% | -$502K-36.8% | -$367K-37.1% | -$268K |
| EPS (Diluted) | $0.00+100.0% | $-0.010.0% | $-0.01+50.0% | $-0.02-100.0% | $-0.010.0% | $-0.010.0% | $-0.01 | $0.00 |
PGOL Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'24 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $162K-24.3% | $214K-47.0% | $405K-23.8% | $531K-73.4% | $2.0M-18.0% | $2.4M-18.7% | $3.0M-9.7% | $3.3M |
| Current Assets | $162K-24.3% | $214K-47.0% | $405K-23.8% | $531K-43.1% | $934K-31.9% | $1.4M-28.9% | $1.9M-14.3% | $2.3M |
| Cash & Equivalents | $49K-59.5% | $122K-57.5% | $286K-28.8% | $401K-22.8% | $520K-48.5% | $1.0M-20.3% | $1.3M-25.6% | $1.7M |
| 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 | $108 | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.6M+14.2% | $1.4M+38.3% | $1.0M+37.0% | $738K+158.7% | $285K+7.3% | $266K-17.5% | $322K+15.9% | $278K |
| Current Liabilities | $1.6M+14.2% | $1.4M+38.3% | $1.0M+37.0% | $738K+158.7% | $285K+7.3% | $266K-17.5% | $322K+15.9% | $278K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$1.4M-21.2% | -$1.2M-95.2% | -$607K-192.8% | -$207K-112.1% | $1.7M-21.1% | $2.2M-18.8% | $2.7M-12.1% | $3.0M |
| Retained Earnings | -$29.6M-0.9% | -$29.4M-2.0% | -$28.8M-1.4% | -$28.4M-7.2% | -$26.5M-1.4% | -$26.1M-2.0% | -$25.6M-1.5% | -$25.2M |
PGOL Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'24 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$324K-100.4% | -$162K-39.3% | -$116K+3.0% | -$120K+69.8% | -$396K-53.7% | -$257K+40.9% | -$435K-80.3% | -$242K |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Cash Flow | $251K | $0 | $0 | $0+100.0% | -$93K | $0 | $0+100.0% | -$322K |
| 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 | $0-100.0% | $93K | $0 | $0-100.0% | $322K |
PGOL Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'24 | 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 | 17.5%-17.9pp | 35.4%+58.9pp | -23.5%+83.9pp | -107.4%-46.6pp | -60.8% |
| Net Margin | N/A | N/A | N/A | 27.8%-10.2pp | 38.0%+67.4pp | -29.4%+72.2pp | -101.5%-48.1pp | -53.5% |
| Return on Equity | N/A | N/A | N/A | 8.6%-1.1pp | 9.7% | N/A | 11.3% | N/A |
| Return on Assets | -154.8%+113.3pp | -268.1%-169.3pp | -98.9%+261.8pp | -360.7%-342.4pp | -18.3%+2.4pp | -20.7%-8.4pp | -12.3%-4.2pp | -8.1% |
| Current Ratio | 0.10-0.1 | 0.15-0.2 | 0.40-0.3 | 0.72-2.6 | 3.27-1.9 | 5.16-0.8 | 5.99-2.1 | 8.11 |
| Debt-to-Equity | -1.11+0.1 | -1.18+0.5 | -1.67+1.9 | -3.56-3.7 | 0.17+0.0 | 0.120.0 | 0.12+0.0 | 0.09 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$207K), 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 (0.72), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Patriot Gold Corp's annual revenue?
Patriot Gold Corp (PGOL) reported $0 in total revenue for fiscal year 2025. This represents a -100.0% 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 Patriot Gold Corp's revenue growing?
Patriot Gold Corp (PGOL) revenue declined by 100% year-over-year, from $1.9M to $0 in fiscal year 2025.
Is Patriot Gold Corp profitable?
No, Patriot Gold Corp (PGOL) reported a net income of -$3.1M in fiscal year 2025.
What is Patriot Gold Corp's earnings per share (EPS)?
Patriot Gold Corp (PGOL) reported diluted earnings per share of $-0.05 for fiscal year 2025. 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.
What is Patriot Gold Corp's operating cash flow?
Patriot Gold Corp (PGOL) generated -$1.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Patriot Gold Corp's total assets?
Patriot Gold Corp (PGOL) had $531K in total assets as of fiscal year 2025, including both current and long-term assets.
Does Patriot Gold Corp buy back shares?
Yes, Patriot Gold Corp (PGOL) spent $93K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Patriot Gold Corp have outstanding?
Patriot Gold Corp (PGOL) had 60M shares outstanding as of fiscal year 2025.
What is Patriot Gold Corp's current ratio?
Patriot Gold Corp (PGOL) had a current ratio of 0.72 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Patriot Gold Corp's debt-to-equity ratio?
Patriot Gold Corp (PGOL) had a debt-to-equity ratio of -3.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Patriot Gold Corp's return on assets (ROA)?
Patriot Gold Corp (PGOL) had a return on assets of -593.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Patriot Gold Corp's cash runway?
Based on fiscal year 2025 data, Patriot Gold Corp (PGOL) had $401K in cash against an annual operating cash burn of $1.2M. This gives an estimated cash runway of approximately 4 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 Patriot Gold Corp's debt-to-equity ratio negative or unusual?
Patriot Gold Corp (PGOL) has negative shareholder equity of -$207K 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 Patriot Gold Corp's Piotroski F-Score?
Patriot Gold Corp (PGOL) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Patriot Gold Corp's earnings high quality?
Patriot Gold Corp (PGOL) has an earnings quality ratio of 0.38x, 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.