Rare Element Res Ltd Financials

REEMF

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Rare Element Res Ltd (REEMF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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

3/9

Rare Element Res Ltd passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.58x

For every $1 of reported earnings, Rare Element Res Ltd generates $0.58 in operating cash flow (-$10.6M OCF vs -$18.5M 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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Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$18.5M

YoY-105.1%

Rare Element Res Ltd reported -$18.5M in net income in fiscal year 2024. This represents a decrease of 105.1% from the prior year.

EPS (Diluted)

$-0.04

YoY+0.0%

Rare Element Res Ltd earned $-0.04 per diluted share (EPS) in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Cash & Debt

$26.7M

YoY+635.8%

5Y CAGR+36.4%

10Y CAGR+10.2%

Rare Element Res Ltd held $26.7M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

516M

YoY+142.3%

5Y CAGR+37.8%

10Y CAGR+26.9%

Rare Element Res Ltd had 516M shares outstanding in fiscal year 2024. This represents an increase of 142.3% 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

REEMF Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
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	$2.7M-5.7%	$2.8M-44.6%	$5.1M+64.0%	$3.1M+70.8%	$1.8M+86.2%	$979K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$32K+10.3%	$29K-25.6%	$39K+56.0%	$25K	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	$0	$0
Net Income	-$18.5M-105.1%	-$9.0M+4.6%	-$9.4M-74.5%	-$5.4M-67.3%	-$3.2M-113.4%	-$1.5M
EPS (Diluted)	$-0.040.0%	$-0.040.0%	$-0.04-33.3%	$-0.03-50.0%	$-0.02	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$0	$0	$0	$0	$0	$0	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	$578K+1.8%	$568K-24.3%	$750K+31.8%	$569K-8.7%	$623K-10.9%	$699K	N/A	$646K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$5K-16.7%	$6K-14.3%	$7K-22.2%	$9K0.0%	$9K+50.0%	$6K	N/A	$7K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$1.1M+193.7%	-$1.2M+50.7%	-$2.4M+49.4%	-$4.7M+23.4%	-$6.2M-70.4%	-$3.6M	N/A	-$3.1M
EPS (Diluted)	$0.00	$0.00	$0.00+100.0%	$-0.010.0%	$-0.010.0%	$-0.01	N/A	$-0.01

REEMF Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$29.7M+176.3%	$10.7M-43.1%	$18.9M-27.8%	$26.1M+667.2%	$3.4M-46.5%	$6.4M
Current Assets	$26.9M+176.4%	$9.8M-45.8%	$18.0M-28.5%	$25.1M+812.7%	$2.8M-51.7%	$5.7M
Cash & Equivalents	$26.7M+635.8%	$3.6M-76.6%	$15.5M-30.2%	$22.2M+722.1%	$2.7M-52.2%	$5.7M
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	$2.5M+8.4%	$2.3M+19.4%	$1.9M-27.8%	$2.7M+126.7%	$1.2M-18.9%	$1.5M
Current Liabilities	$2.1M+9.5%	$1.9M+453.0%	$351K-71.8%	$1.2M+980.9%	$115K-75.5%	$470K
Long-Term Debt	N/A	N/A	N/A	$1.0M	N/A	N/A
Total Equity	$27.2M+222.2%	$8.4M-50.2%	$16.9M-27.8%	$23.4M+954.0%	$2.2M-54.7%	$4.9M
Retained Earnings	-$176.1M-11.7%	-$157.6M-6.1%	-$148.6M-6.8%	-$139.2M-4.0%	-$133.8M-2.5%	-$130.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$26.4M+1.6%	$26.0M-4.8%	$27.3M-7.9%	$29.7M-18.5%	$36.4M-14.7%	$42.7M+297.3%	$10.7M-6.5%	$11.5M
Current Assets	$23.6M+1.7%	$23.2M-5.5%	$24.6M-8.8%	$26.9M-23.5%	$35.2M-15.4%	$41.6M+326.8%	$9.8M-6.9%	$10.5M
Cash & Equivalents	$21.7M-5.8%	$23.1M-5.5%	$24.4M-8.7%	$26.7M-12.6%	$30.6M-19.8%	$38.1M+949.6%	$3.6M-44.9%	$6.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.6M	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	$1.7M-28.4%	$2.4M-5.5%	$2.5M+1.5%	$2.5M-1.4%	$2.5M-1.3%	$2.6M+11.4%	$2.3M+4.1%	$2.2M
Current Liabilities	$1.4M-32.0%	$2.1M-5.2%	$2.2M+3.2%	$2.1M+1.4%	$2.1M-1.1%	$2.1M+9.2%	$1.9M+456.2%	$349K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$24.7M+4.7%	$23.6M-4.8%	$24.8M-8.8%	$27.2M-19.7%	$33.9M-15.6%	$40.1M+375.5%	$8.4M-9.0%	$9.3M
Retained Earnings	-$178.6M+0.6%	-$179.7M-0.7%	-$178.5M-1.4%	-$176.1M-5.2%	-$167.4M-3.8%	-$161.3M-2.3%	-$157.6M-0.6%	-$156.7M

REEMF Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$10.6M+9.3%	-$11.7M-24.5%	-$9.4M-230.7%	-$2.8M+8.9%	-$3.1M-61.2%	-$1.9M
Capital Expenditures	N/A	$16K	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	-$11.7M	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.6M-38875.0%	-$4K	N/A	N/A	$0	$0
Financing Cash Flow	$35.3M+588000.0%	$6K+124.0%	-$25K-100.1%	$25.1M+15479.5%	$161K-96.8%	$5.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$50K	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$1.3M-4.1%	-$1.3M+44.1%	-$2.3M-57.4%	-$1.4M+80.8%	-$7.5M-857.0%	-$784K+73.3%	-$2.9M+37.4%	-$4.7M
Capital Expenditures	N/A	N/A	N/A	$0	N/A	N/A	$0	$0
Free Cash Flow	N/A	N/A	N/A	-$890K	N/A	N/A	-$2.9M+37.4%	-$4.7M
Investing Cash Flow	-$15K+81.9%	-$83K-40.7%	-$59K+96.1%	-$1.5M	N/A	N/A	$0	$0
Financing Cash Flow	N/A	N/A	N/A	$0	$0-100.0%	$35.3M+207664.7%	-$17K-206.3%	$16K
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

REEMF Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
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	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-62.2%+21.6pp	-83.7%-33.8pp	-50.0%-29.3pp	-20.7%+74.2pp	-94.8%-71.0pp	-23.8%
Current Ratio	12.68+7.7	5.02-46.2	51.22+31.0	20.22-3.7	23.94+11.8	12.14
Debt-to-Equity	0.09-0.2	0.27+0.2	0.11+0.1	0.04-0.5	0.53+0.2	0.30
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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	4.5%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	4.2%+8.7pp	-4.5%+4.2pp	-8.8%+5.5pp	-14.2%+2.7pp	-17.0%-8.5pp	-8.5%	N/A	-27.2%
Current Ratio	16.69+5.5	11.16-0.0	11.20-1.5	12.68-4.1	16.81-2.8	19.63+14.6	5.02-25.0	29.99
Debt-to-Equity	0.07-0.0	0.100.0	0.10+0.0	0.09+0.0	0.07+0.0	0.06-0.2	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 Rare Element Res Ltd profitable?

No, Rare Element Res Ltd (REEMF) reported a net income of -$18.5M in fiscal year 2024.

What is Rare Element Res Ltd's earnings per share (EPS)?

Rare Element Res Ltd (REEMF) reported diluted earnings per share of $-0.04 for fiscal year 2024. 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 Rare Element Res Ltd's operating cash flow?

Rare Element Res Ltd (REEMF) generated -$10.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Rare Element Res Ltd's total assets?

Rare Element Res Ltd (REEMF) had $29.7M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Rare Element Res Ltd have outstanding?

Rare Element Res Ltd (REEMF) had 516M shares outstanding as of fiscal year 2024.

What is Rare Element Res Ltd's current ratio?

Rare Element Res Ltd (REEMF) had a current ratio of 12.68 as of fiscal year 2024, which is generally considered healthy.

What is Rare Element Res Ltd's debt-to-equity ratio?

Rare Element Res Ltd (REEMF) had a debt-to-equity ratio of 0.09 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Rare Element Res Ltd's return on assets (ROA)?

Rare Element Res Ltd (REEMF) had a return on assets of -62.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Rare Element Res Ltd's cash runway?

Based on fiscal year 2024 data, Rare Element Res Ltd (REEMF) had $26.7M in cash against an annual operating cash burn of $10.6M. This gives an estimated cash runway of approximately 30 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 Rare Element Res Ltd's Piotroski F-Score?

Rare Element Res Ltd (REEMF) has a Piotroski F-Score of 3 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 Rare Element Res Ltd's earnings high quality?

Rare Element Res Ltd (REEMF) has an earnings quality ratio of 0.58x, 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.