Rigel Resource Financials
Financial Health Signals
Rigel Resource 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).
For every $1 of reported earnings, Rigel Resource generates $0.57 in operating cash flow (-$4.4M OCF vs -$7.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Rigel Resource (RRACF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Key Financial Metrics
Rigel Resource reported -$7.8M in net income in fiscal year 2024. This represents a decrease of 203.8% from the prior year.
Rigel Resource held $149K in cash against $0 in long-term debt as of fiscal year 2024.
Rigel Resource spent $198.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 241.3% from the prior year.
RRACF Income Statement
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | $765K-47.9% | $1.5M-40.0% | $2.4M+77.6% | $1.4M-38.0% | $2.2M | N/A | $329K+28.9% | $255K |
| 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 | -$8.1M-191.3% | $8.9M+811.9% | -$1.2M+44.2% | -$2.2M+23.0% | -$2.9M | N/A | -$207K-106.3% | $3.3M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
RRACF Balance Sheet
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $31.7M-62.4% | $84.4M+1.1% | $83.5M+1.3% | $82.4M-70.0% | $274.9M+1.5% | $270.8M+1.5% | $266.8M-16.8% | $320.8M |
| Current Assets | $60K-4.6% | $63K-72.2% | $226K-20.0% | $282K+68.9% | $167K+32.4% | $126K-35.3% | $195K-13.8% | $226K |
| Cash & Equivalents | $60K-4.6% | $63K-57.9% | $149K-29.6% | $211K+356.5% | $46K-34.5% | $71K-43.6% | $125K+297.4% | $32K |
| 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 | $66.5M-39.8% | $110.4M-5.9% | $117.3M+3.1% | $113.7M-61.7% | $297.1M+0.3% | $296.3M+1.5% | $292.0M-14.5% | $341.5M |
| Current Liabilities | $20.5M+4.4% | $19.6M+9.6% | $17.9M+24.6% | $14.4M+49.9% | $9.6M+44.2% | $6.6M+41.4% | $4.7M+24.9% | $3.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$34.7M-33.9% | -$25.9M+23.2% | -$33.8M-7.9% | -$31.3M-41.0% | -$22.2M+13.0% | -$25.5M-1.5% | -$25.1M-21.0% | -$20.8M |
| Retained Earnings | -$34.7M-33.9% | -$25.9M+23.2% | -$33.8M-7.2% | -$31.5M-12.4% | -$28.0M-9.8% | -$25.5M-1.5% | -$25.1M-21.0% | -$20.8M |
RRACF Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$453K-58.2% | -$286K+85.0% | -$1.9M-44.7% | -$1.3M-60.3% | -$824K+41.3% | -$1.4M-1222.8% | -$106K-104.0% | -$52K |
| 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 | $53.2M+12525.1% | -$428K0.0% | -$428K-100.2% | $198.5M+19004.2% | -$1.1M0.0% | -$1.1M-101.8% | $57.3M | N/A |
| Financing Cash Flow | -$52.7M-8494.9% | $628K-72.4% | $2.3M+101.2% | -$197.5M-10775.4% | $1.9M-22.9% | $2.4M+104.2% | -$57.1M-2013.9% | $3.0M |
| 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 |
RRACF Financial Ratios
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -25.5%-36.1pp | 10.5%+11.0pp | -0.4%+2.3pp | -2.7%-1.7pp | -1.1% | N/A | -0.1%-1.1pp | 1.0% |
| Current Ratio | 0.000.0 | 0.000.0 | 0.010.0 | 0.020.0 | 0.020.0 | 0.02-0.0 | 0.04-0.0 | 0.06 |
| Debt-to-Equity | -1.91+2.3 | -4.26-0.8 | -3.47+0.2 | -3.63+9.7 | -13.38-1.8 | -11.620.0 | -11.62+4.8 | -16.44 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$33.8M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Rigel Resource profitable?
No, Rigel Resource (RRACF) reported a net income of -$7.8M in fiscal year 2024.
What is Rigel Resource's operating cash flow?
Rigel Resource (RRACF) generated -$4.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Rigel Resource's total assets?
Rigel Resource (RRACF) had $83.5M in total assets as of fiscal year 2024, including both current and long-term assets.
Does Rigel Resource buy back shares?
Yes, Rigel Resource (RRACF) spent $198.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Rigel Resource's current ratio?
Rigel Resource (RRACF) had a current ratio of 0.01 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Rigel Resource's debt-to-equity ratio?
Rigel Resource (RRACF) had a debt-to-equity ratio of -3.47 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rigel Resource's return on assets (ROA)?
Rigel Resource (RRACF) had a return on assets of -9.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Rigel Resource's cash runway?
Based on fiscal year 2024 data, Rigel Resource (RRACF) had $149K in cash against an annual operating cash burn of $4.4M. This gives an estimated cash runway of approximately 0 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 Rigel Resource's debt-to-equity ratio negative or unusual?
Rigel Resource (RRACF) has negative shareholder equity of -$33.8M as of fiscal year 2024, 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 Rigel Resource's Piotroski F-Score?
Rigel Resource (RRACF) 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 Rigel Resource's earnings high quality?
Rigel Resource (RRACF) has an earnings quality ratio of 0.57x, 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.