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

Paramount Gold (PZG) reported diluted earnings per share of -$0.13 for fiscal year 2025. That is unchanged from 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.

Paramount Gold Financials

PZG

FY2025 annual

Revenue Not reported for FY2025

Net Income -$9.1M -12.3% YoY

EPS (Diluted) -$0.13 0.0% YoY

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Mar 31, 2026 Reported May 12, 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).

Rhea AI PZG FY2025 2026-08-30

Persistent operating losses are funded externally while rising leverage steadily reshapes the company's balance sheet.

Across FY2021-FY2025, operating cash flow stayed negative while financing cash flow remained positive; shares outstanding nearly doubled from 40.5M to 77.6M. That pairing indicates recurring cash needs have been funded through capital raising rather than internally generated cash, while FY2025's net loss of $9.1M exceeded its operating cash outflow of -$6.3M, separating accounting loss from near-term cash use.

Total equity fell from $47.4M in FY2021 to $33.6M in FY2025, shrinking the cushion available to absorb continued losses. Debt-to-equity reached 0.6x by FY2025 despite a 4.1x current ratio; near-term balance-sheet coverage and longer-term funding posture are telling different stories.

Operating losses widened in FY2024 before narrowing in FY2025, but cash generation moved the opposite way: operating cash flow worsened from -$5.4M to -$6.3M. The improvement in operating income therefore did not translate into better cash conversion; reported liquidity equaled 2.6 months of the latest annual outflow.

Financial Health Signals

Financial health score not available

Paramount Gold does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

1/6

Paramount Gold 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).

Earnings Quality No Cash Backing

N/A

Paramount Gold reported a net loss of $9.1M while operations used $6.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Paramount Gold reported an operating loss of $7.0M against $1.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

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.

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

YoY0.0%

Paramount Gold earned -$0.13 per diluted share (EPS) in fiscal year 2025. That is unchanged from the prior year.

Revenue

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$1.4M

YoY-75.1%

5Y CAGR-24.3%

10Y CAGR-17.5%

Paramount Gold held $1.4M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding

78M

YoY+19.0%

5Y CAGR+18.0%

Paramount Gold had 78M shares outstanding in fiscal year 2025. This represents an increase of 19.0% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Return on Equity

-27.0%

YoY-5.8pp

5Y CAGR-13.3pp

10Y CAGR-13.4pp

Paramount Gold's ROE was -27.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.8 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Net Margin

Not reported for fiscal year 2025.

Capital Allocation

None of these metrics is reported for fiscal year 2025.

PZG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PZG quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Revenue	N/A	N/A	N/A	N/A	N/A	$330K-54.7%	$729K+82.1%	$400K+16.2%	$345K+22.8%	$281K+68.3%	$167K+22.2%	$136K+75.6%	$78K	N/A
SG&A Expenses	N/A	$775K+11.3%	$696K-10.1%	$775K-2.0%	$791K+63.5%	$484K-2.4%	$496K-23.9%	$652K+24.4%	$524K+3.3%	$507K+63.8%	$310K+46.5%	$211K+323.7%	$50K	N/A
Operating Income	N/A	-$7.0M+18.1%	-$8.5M-36.8%	-$6.2M+17.1%	-$7.5M-28.5%	-$5.8M+3.8%	-$6.1M-1.2%	-$6.0M+1.6%	-$6.1M+21.1%	-$7.7M-45.8%	-$5.3M-75.5%	-$3.0M-16.6%	-$2.6M	N/A
Interest Expense	N/A	$1.7M+46.3%	$1.2M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$2.3M-8.2%	$2.5M	N/A
Income Tax	N/A	$19K-42.4%	$33K+188.9%	-$38K-113.5%	$278K	N/A	N/A	N/A	N/A	-$3.2M	N/A	N/A	N/A	N/A
Net Income	N/A	-$9.1M-12.3%	-$8.1M-24.9%	-$6.5M+17.7%	-$7.8M-32.8%	-$5.9M+8.2%	-$6.4M-7.7%	-$6.0M+1.6%	-$6.1M-39.8%	-$4.3M+18.8%	-$5.3M-2.1%	-$5.2M-3.9%	-$5.0M+40.9%	-$8.5M
EPS (Diluted)	-$0.22	-$0.130.0%	-$0.130.0%	-$0.13+31.6%	-$0.19-11.8%	-$0.17-173.9%	$0.23+200.0%	-$0.23+17.9%	-$0.28-3.7%	-$0.27	-$0.63	$0.64	$0.62	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
SG&A Expenses	$386K+29.8%	$297K+56.7%	$190K	N/A	$237K+32.5%	$179K-5.0%	$188K	N/A
Operating Income	-$2.4M-9.8%	-$2.1M-40.8%	-$1.5M	N/A	-$2.2M-80.2%	-$1.2M+13.2%	-$1.4M	N/A
Interest Expense	$419K-2.0%	$427K0.0%	$427K	N/A	$419K-2.0%	$427K0.0%	$427K	N/A
Net Income	-$4.9M-10.8%	-$4.4M-2.4%	-$4.3M	N/A	-$2.6M-28.9%	-$2.0M-29.2%	-$1.6M	N/A
EPS (Diluted)	-$0.060.0%	-$0.060.0%	-$0.06-50.0%	-$0.040.0%	-$0.04-33.3%	-$0.03-50.0%	-$0.02+50.0%	-$0.04

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.

PZG Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PZG quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Total Assets	$52.4M-7.0%	$56.4M+3.8%	$54.3M-3.0%	$56.0M+3.7%	$54.0M+0.2%	$53.9M+9.4%	$49.3M-3.8%	$51.2M+1.0%	$50.7M+42.9%	$35.5M-11.6%	$40.2M+24.5%	$32.2M	N/A
Current Assets	$2.7M-59.8%	$6.7M+193.5%	$2.3M-39.0%	$3.8M-11.7%	$4.3M-27.4%	$5.9M+623.3%	$812K+45.7%	$558K-73.9%	$2.1M-71.2%	$7.4M-22.3%	$9.6M+671.0%	$1.2M	N/A
Cash & Equivalents	$1.4M-75.1%	$5.4M+557.4%	$825K-66.8%	$2.5M-20.2%	$3.1M-42.7%	$5.4M+1071.9%	$464K+55.9%	$297K-84.4%	$1.9M-67.5%	$5.9M-36.7%	$9.3M+1951.7%	$452K+500.9%	$75K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$16K+3.1%	$16K	N/A	$37K	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+251.1%	$1.9M-2.7%	$2.0M-6.3%	$2.1M+35.3%	$1.6M+3.3%	$1.5M-90.8%	$16.7M	N/A
Current Liabilities	$660K-3.5%	$684K-92.7%	$9.3M+1133.1%	$758K-20.1%	$949K-12.1%	$1.1M+0.2%	$1.1M+4.7%	$1.0M-5.5%	$1.1M+94.5%	$560K+140.1%	$233K-98.5%	$15.4M	N/A
Long-Term Debt	N/A	N/A	N/A	$4.2M+1.4%	$4.2M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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-0.5%	$47.3M-3.8%	$49.2M+1.3%	$48.6M+43.2%	$33.9M-12.2%	$38.6M+148.2%	$15.6M-12.8%	$17.8M
Retained Earnings	-$91.4M-11.0%	-$82.4M-10.8%	-$74.3M-9.5%	-$67.9M-13.1%	-$60.0M-10.9%	-$54.1M-13.5%	-$47.7M-14.3%	-$41.7M-17.0%	-$35.7M-13.9%	-$31.3M-20.6%	-$26.0M-25.2%	-$20.7M	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$62.9M+16.8%	$53.9M-1.7%	$54.8M+4.6%	$52.4M-0.4%	$52.6M-2.3%	$53.9M-2.0%	$55.0M-2.5%	$56.4M
Current Assets	$13.2M+218.5%	$4.2M-19.0%	$5.1M+89.3%	$2.7M-4.8%	$2.8M-32.1%	$4.2M-21.7%	$5.3M-20.7%	$6.7M
Cash & Equivalents	$12.7M+259.1%	$3.5M-15.1%	$4.2M+208.4%	$1.4M-36.9%	$2.1M-37.2%	$3.4M-20.7%	$4.3M-20.8%	$5.4M
Total Liabilities	$27.6M+8.8%	$25.4M+9.1%	$23.3M+23.5%	$18.8M+1.4%	$18.6M+1.4%	$18.3M+2.3%	$17.9M-1.7%	$18.2M
Current Liabilities	$4.9M+18.5%	$4.1M+6.6%	$3.9M+486.3%	$660K-0.2%	$661K+41.3%	$468K-8.1%	$509K-25.5%	$684K
Total Equity	$35.3M+24.0%	$28.5M-9.7%	$31.5M-6.0%	$33.6M-1.4%	$34.0M-4.2%	$35.5M-4.1%	$37.1M-2.8%	$38.2M
Retained Earnings	-$105.1M-4.9%	-$100.2M-4.6%	-$95.8M-4.7%	-$91.4M-3.2%	-$88.6M-3.0%	-$86.0M-2.4%	-$84.0M-1.9%	-$82.4M

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

PZG Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PZG quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Operating Cash Flow	-$7.2M	-$6.3M-15.9%	-$5.4M-3.0%	-$5.3M+21.6%	-$6.7M-12.5%	-$6.0M-15.8%	-$5.1M+8.7%	-$5.6M+3.5%	-$5.8M+10.4%	-$6.5M-150.9%	-$2.6M-27.2%	-$2.0M+0.2%	-$2.0M	N/A
Investing Cash Flow	N/A	-$161K-61.5%	-$100K+21.1%	-$127K-165.5%	-$48K+45.5%	-$88K-1754.2%	-$5K-100.2%	$1.9M+180.3%	-$2.4M-138.8%	-$1.0M	N/A	N/A	N/A	N/A
Financing Cash Flow	$17.8M	$2.4M-76.7%	$10.1M+171.7%	$3.7M-39.2%	$6.1M+64.4%	$3.7M-63.2%	$10.1M+161.4%	$3.9M-41.6%	$6.6M+86.2%	$3.6M	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	-$2.0M-45.6%	-$1.4M-29.3%	-$1.1M+60.0%	-$2.7M-80.1%	-$1.5M-67.7%	-$895K+23.3%	-$1.2M+50.2%	-$2.3M
Investing Cash Flow	$0	N/A	N/A	-$2K+97.6%	-$100K-95.8%	-$51K-536.7%	-$8K	$0
Financing Cash Flow	$11.2M+1268.2%	$819K-79.0%	$3.9M+103.2%	$1.9M+471.7%	$335K+479.5%	$58K+24.8%	$46K-93.9%	$755K

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

PZG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

PZG quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Operating Margin	N/A	N/A	N/A	N/A	-1765.3%	-831.0%	-1495.5%	-1765.6%	-2747.7%	-3172.7%	-2209.7%	-3327.9%	N/A
Net Margin	N/A	N/A	N/A	N/A	-1787.6%	-882.2%	-1491.1%	-1760.8%	-1546.1%	-3204.3%	-3834.2%	-6480.0%	N/A
Return on Equity	-27.0%-5.8pp	-21.1%-6.0pp	-15.1%+1.8pp	-16.9%-4.4pp	-12.5%+1.2pp	-13.7%-1.1pp	-12.6%-0.3pp	-12.3%-3.4pp	-8.9%+6.8pp	-15.8%-2.2pp	-13.5%+18.8pp	-32.4%+15.4pp	-47.8%
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%+0.2pp	-12.1%-0.3pp	-11.8%-3.3pp	-8.6%+6.5pp	-15.1%-2.0pp	-13.0%+2.6pp	-15.6%	N/A
Current Ratio	4.10-5.8x	9.86+9.6x	0.25-4.7x	4.97+0.5x	4.49-0.9x	5.44+4.7x	0.75+0.2x	0.54-1.4x	1.97-11.3x	13.30-27.8x	41.09+41.0x	0.08	N/A
Debt-to-Equity	0.56+0.1x	0.48+0.2x	0.27+0.2x	0.090.0x	0.09-0.1x	0.15+0.1x	0.040.0x	0.040.0x	0.040.0x	0.050.0x	0.04-1.0x	1.07	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Return on Equity	-13.9%+1.7pp	-15.5%-1.8pp	-13.7%	N/A	-7.7%-2.0pp	-5.7%-1.5pp	-4.2%	N/A
Return on Assets	-7.8%+0.4pp	-8.2%-0.3pp	-7.9%	N/A	-5.0%-1.2pp	-3.8%-0.9pp	-2.9%	N/A
Current Ratio	2.71+1.7x	1.01-0.3x	1.32-2.8x	4.10-0.2x	4.30-4.6x	8.94-1.6x	10.50+0.6x	9.86
Debt-to-Equity	0.78-0.1x	0.89+0.2x	0.74+0.2x	0.560.0x	0.550.0x	0.520.0x	0.480.0x	0.48

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.

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Where Paramount Gold Ranks

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 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 return on equity (ROE)?

Paramount Gold (PZG) has a return on equity of -27.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Paramount Gold's operating cash flow?

Paramount Gold (PZG) recorded an outflow of $6.3M in operating cash flow during fiscal year 2025, representing cash used by 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 78M 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.

How does Paramount Gold's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Paramount Gold (PZG) held $1.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $6.3M over that year. Dividing the one by the other, the reported balance equals about 3 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Paramount Gold's Piotroski F-Score?

Paramount Gold (PZG) 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 Paramount Gold's earnings high quality?

Paramount Gold (PZG) reported a net loss of $9.1M while operations used $6.3M 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.

Can Paramount Gold cover its interest payments?

Paramount Gold (PZG) reported an operating loss of $7.0M against $1.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.