Paramount Gold Financials

PZG

Source SEC Filings (10-K/10-Q) Updated Feb 10, 2026 Currency USD FYE June

This page shows Paramount Gold (PZG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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

Piotroski F-Score Weak

1/9

Paramount Gold 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

0.69x

For every $1 of reported earnings, Paramount Gold generates $0.69 in operating cash flow (-$6.3M OCF vs -$9.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-4.1x

Paramount Gold earns $-4.1 in operating income for every $1 of interest expense (-$7.0M vs $1.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

N/A

EBITDA

-$7.0M

YoY+18.2%

Paramount Gold's EBITDA was -$7.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.2% from the prior year.

Free Cash Flow

N/A

Net Income

-$9.1M

YoY-12.3%

Paramount Gold reported -$9.1M in net income in fiscal year 2025. This represents a decrease of 12.3% from the prior year.

EPS (Diluted)

$-0.13

YoY+0.0%

Paramount Gold earned $-0.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Cash & Debt

$1.4M

YoY-75.1%

5Y CAGR-24.3%

10Y CAGR-17.5%

Paramount Gold held $1.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

75M

YoY+16.0%

5Y CAGR+18.0%

10Y CAGR+24.4%

Paramount Gold had 75M shares outstanding in fiscal year 2025. This represents an increase of 16.0% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

PZG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	$330K-54.7%	$729K
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	$775K+11.3%	$696K-10.1%	$775K-2.0%	$791K+63.5%	$484K-2.4%	$496K
Operating Income	-$7.0M+18.1%	-$8.5M-36.8%	-$6.2M+17.1%	-$7.5M-28.5%	-$5.8M+3.8%	-$6.1M
Interest Expense	$1.7M+46.3%	$1.2M	N/A	N/A	N/A	N/A
Income Tax	$19K-42.4%	$33K+188.9%	-$38K-113.5%	$278K	N/A	N/A
Net Income	-$9.1M-12.3%	-$8.1M-24.9%	-$6.5M+17.7%	-$7.8M-32.8%	-$5.9M+8.2%	-$6.4M
EPS (Diluted)	$-0.130.0%	$-0.130.0%	$-0.13+31.6%	$-0.19-11.8%	$-0.17-173.9%	$0.23

Metric	Q2'26	Q2'25	Q3'25	Q2'24	Q3'24	Q3'23	Q2'23	Q3'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$211K
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	$297K0.0%	$297K+25.3%	$237K+32.5%	$179K+19.8%	$149K-19.2%	$185K	N/A	$214K
Operating Income	$2.1M+200.0%	-$2.1M+2.2%	-$2.2M-80.2%	-$1.2M+44.6%	-$2.2M+15.8%	-$2.6M	N/A	-$1.4M
Interest Expense	$427K0.0%	$427K+2.0%	$419K-2.0%	$427K+1.0%	$423K+136.3%	$179K	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$4.4M+200.0%	-$4.4M-69.1%	-$2.6M-28.9%	-$2.0M-12.0%	-$1.8M-15.2%	-$1.6M	N/A	-$1.4M
EPS (Diluted)	$0.06+200.0%	$-0.06-50.0%	$-0.04-33.3%	$-0.030.0%	$-0.030.0%	$-0.03	N/A	$-0.03

PZG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$52.4M-7.0%	$56.4M+3.8%	$54.3M-3.0%	$56.0M+3.7%	$54.0M+0.2%	$53.9M
Current Assets	$2.7M-59.8%	$6.7M+193.5%	$2.3M-39.0%	$3.8M-11.7%	$4.3M-27.4%	$5.9M
Cash & Equivalents	$1.4M-75.1%	$5.4M+557.4%	$825K-66.8%	$2.5M-20.2%	$3.1M-42.7%	$5.4M
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	$18.8M+3.5%	$18.2M+58.8%	$11.5M+19.3%	$9.6M+44.6%	$6.7M-2.7%	$6.8M
Current Liabilities	$660K-3.5%	$684K-92.7%	$9.3M+1133.1%	$758K-20.1%	$949K-12.1%	$1.1M
Long-Term Debt	N/A	N/A	N/A	$4.2M+1.4%	$4.2M	N/A
Total Equity	$33.6M-12.0%	$38.2M-10.9%	$42.8M-7.7%	$46.4M-2.0%	$47.4M+0.6%	$47.1M
Retained Earnings	-$91.4M-11.0%	-$82.4M-10.8%	-$74.3M-9.5%	-$67.9M-13.1%	-$60.0M-10.9%	-$54.1M

Metric	Q2'26	Q2'25	Q3'25	Q2'24	Q3'24	Q3'23	Q2'23	Q3'22
Total Assets	$53.9M0.0%	$53.9M+2.4%	$52.6M-2.3%	$53.9M-10.1%	$59.9M-2.5%	$61.4M+13.1%	$54.3M+0.1%	$54.3M
Current Assets	$4.2M0.0%	$4.2M+46.0%	$2.8M-32.1%	$4.2M-46.3%	$7.8M-17.0%	$9.4M+308.5%	$2.3M+15.5%	$2.0M
Cash & Equivalents	$3.5M0.0%	$3.5M+65.3%	$2.1M-37.2%	$3.4M-51.4%	$7.0M-18.2%	$8.6M+939.2%	$825K-37.1%	$1.3M
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	$25.4M0.0%	$25.4M+36.6%	$18.6M+1.4%	$18.3M-10.0%	$20.4M-1.5%	$20.7M+80.2%	$11.5M+7.8%	$10.6M
Current Liabilities	$4.1M0.0%	$4.1M+523.7%	$661K+41.3%	$468K-86.8%	$3.5M-16.6%	$4.3M-54.5%	$9.3M+60.0%	$5.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$28.5M0.0%	$28.5M-16.3%	$34.0M-4.2%	$35.5M-10.1%	$39.5M-3.0%	$40.8M-4.8%	$42.8M-1.8%	$43.6M
Retained Earnings	$100.2M+200.0%	-$100.2M-13.1%	-$88.6M-3.0%	-$86.0M-7.8%	-$79.8M-2.3%	-$78.0M-4.9%	-$74.3M-4.5%	-$71.1M

PZG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$6.3M-15.9%	-$5.4M-3.0%	-$5.3M+21.6%	-$6.7M-12.5%	-$6.0M-15.8%	-$5.1M
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	-$161K-61.5%	-$100K+21.1%	-$127K-165.5%	-$48K+45.5%	-$88K-1754.2%	-$5K
Financing Cash Flow	$2.4M-76.7%	$10.1M+171.7%	$3.7M-39.2%	$6.1M+64.4%	$3.7M-63.2%	$10.1M
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	Q2'26	Q2'25	Q3'25	Q2'24	Q3'24	Q3'23	Q2'23	Q3'22
Operating Cash Flow	$2.5M+277.4%	-$1.4M+6.9%	-$1.5M-67.7%	-$895K+41.8%	-$1.5M-145.0%	-$628K+68.1%	-$2.0M-80.5%	-$1.1M
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	$50K+2196.4%	-$2K+97.6%	-$100K-95.8%	-$51K-2.2%	-$50K0.0%	-$50K-7.1%	-$47K-86.8%	-$25K
Financing Cash Flow	$4.7M+476.0%	$819K+144.1%	$335K+479.5%	$58K+112.4%	$27K-99.7%	$8.2M+266.7%	$2.2M-48.0%	$4.3M
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

PZG 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	-1765.3%-934.2pp	-831.0%
Net Margin	N/A	N/A	N/A	N/A	-1787.6%-905.4pp	-882.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-17.3%-3.0pp	-14.3%-2.4pp	-11.9%+2.1pp	-14.0%-3.1pp	-10.9%+1.0pp	-11.9%
Current Ratio	4.10-5.8	9.86+9.6	0.25-4.7	4.97+0.5	4.49-0.9	5.44
Debt-to-Equity	0.56+0.1	0.48+0.2	0.27+0.2	0.090.0	0.09-0.1	0.15
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q2'25	Q3'25	Q2'24	Q3'24	Q3'23	Q2'23	Q3'22
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	-693.9%
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-639.4%
Return on Equity	15.5%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	8.2%+16.4pp	-8.2%-3.2pp	-5.0%-1.2pp	-3.8%-0.7pp	-3.0%-0.5pp	-2.6%	N/A	-2.6%
Current Ratio	1.010.0	1.01-3.3	4.30-4.6	8.94+6.7	2.200.0	2.21+2.0	0.25-0.1	0.34
Debt-to-Equity	0.890.0	0.89+0.3	0.55+0.0	0.520.0	0.510.0	0.51+0.2	0.27+0.0	0.24
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 Paramount Gold profitable?

No, Paramount Gold (PZG) reported a net income of -$9.1M in fiscal year 2025.

What is Paramount Gold's earnings per share (EPS)?

Paramount Gold (PZG) reported diluted earnings per share of $-0.13 for fiscal year 2025. This represents a 0.0% 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.

What is Paramount Gold's EBITDA?

Paramount Gold (PZG) had EBITDA of -$7.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Paramount Gold's operating cash flow?

Paramount Gold (PZG) generated -$6.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Paramount Gold's total assets?

Paramount Gold (PZG) had $52.4M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Paramount Gold have outstanding?

Paramount Gold (PZG) had 75M shares outstanding as of fiscal year 2025.

What is Paramount Gold's current ratio?

Paramount Gold (PZG) had a current ratio of 4.10 as of fiscal year 2025, which is generally considered healthy.

What is Paramount Gold's debt-to-equity ratio?

Paramount Gold (PZG) had a debt-to-equity ratio of 0.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Paramount Gold's return on assets (ROA)?

Paramount Gold (PZG) had a return on assets of -17.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Paramount Gold's cash runway?

Based on fiscal year 2025 data, Paramount Gold (PZG) had $1.4M in cash against an annual operating cash burn of $6.3M. This gives an estimated cash runway of approximately 3 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 Paramount Gold's Piotroski F-Score?

Paramount Gold (PZG) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Paramount Gold's earnings high quality?

Paramount Gold (PZG) has an earnings quality ratio of 0.69x, 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.

Can Paramount Gold cover its interest payments?

Paramount Gold (PZG) has an interest coverage ratio of -4.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.