Seabridge Gold, Inc. (SA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Mar 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SA SEC filings page.
This page shows Seabridge Gold, Inc. (SA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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
Seabridge Gold, Inc. 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.
Seabridge Gold, Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass.
Seabridge Gold, Inc. reported a net loss of $38.8M while operations used $11.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Seabridge Gold, Inc. reported a net loss of $38.8M in fiscal year 2025. This represents a decrease of 279.0% from the prior year.
Seabridge Gold, Inc. earned -$0.39 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Seabridge Gold, Inc. recorded an outflow of $111.2M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Seabridge Gold, Inc. held $85.7M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Seabridge Gold, Inc.'s ROE was -4.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.4 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Seabridge Gold, Inc. invested $99.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 35.3% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
SA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | $53K-18.1% | $65K-24.7% | $86K-7.6% | $93K-24.6% | $124K | N/A | N/A |
| Interest Expense | -$1.8Mn/m | -$365Kn/m | -$348Kn/m | -$244K-171.1% | $343K-83.8% | $2.1Mn/m | -$128K | N/A | -$26K-204.0% | $25K |
| Income Tax | -$8.7M-210.0% | $7.9Mn/m | -$6.6M-207.8% | $6.1M+68.6% | $3.6Mn/m | -$627Kn/m | -$538K-114.8% | $3.6M+110.6% | $1.7M-22.0% | $2.2M |
| Net Income | -$38.8M-279.0% | $21.7M-2.4% | $22.2M+305.8% | $5.5M+676.3% | $704K-94.0% | $11.7Mn/m | -$9.0Mn/m | -$14.6Mn/m | -$8.2Mn/m | -$5.4M |
| EPS (Basic) | -$0.39n/m | -$0.24n/m | -$0.27n/m | -$0.07-952.6% | $0.01n/m | -$0.18 | N/A | N/A | N/A | N/A |
| EPS (Diluted) | -$0.39n/m | -$0.24n/m | -$0.27n/m | -$0.07-952.6% | $0.01n/m | -$0.18 | N/A | N/A | N/A | N/A |
| Diluted Shares (Avg) | 101M+13.7% | 89M+6.9% | 83M+3.7% | 80M+3.2% | 78M+16.9% | 66M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
SA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+27.8% | $1.0B-1.4% | $1.0B+26.4% | $809.7M+38.3% | $585.2M+15.2% | $508.0M+46.5% | $346.7M+11.7% | $310.4M+1.5% | $305.9M+21.5% | $251.7M |
| Current Assets | $156.2M+286.8% | $40.4M-43.3% | $71.2M-31.4% | $103.7M+144.8% | $42.4M+16.9% | $36.2M+144.6% | $14.8M-17.4% | $17.9M+11.4% | $16.1M+65.5% | $9.7M |
| Cash & Equivalents | $85.7M+147.8% | $34.6M-44.6% | $62.4M+83.1% | $34.1M+278.2% | $9.0M-34.4% | $13.7M+102.6% | $6.8M+216.1% | $2.1M-33.7% | $3.2M+163.9% | $1.2M |
| Accounts Receivable | N/A | N/A | N/A | N/A | $220K | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $468.8M+10.7% | $423.4M-10.0% | $470.4M+79.3% | $262.4M+638.3% | $35.5M+36.9% | $26.0M-2.1% | $26.5M-2.0% | $27.0M+24.2% | $21.8M+9.9% | $19.8M |
| Current Liabilities | $29.8M+111.3% | $14.1M-52.7% | $29.9M-22.3% | $38.4M+183.8% | $13.5M+69.4% | $8.0M+54.9% | $5.2M+8.3% | $4.8M-3.7% | $4.9M+16.1% | $4.3M |
| Non-Current Liabilities | $439.0M+7.3% | $409.3M-7.1% | $440.6M+96.7% | $224.0M+918.2% | $22.0M+22.5% | $18.0M-15.8% | $21.3M-4.2% | $22.3M+32.3% | $16.8M+8.1% | $15.6M |
| Total Equity | $820.4M+40.1% | $585.4M+5.9% | $552.9M+1.0% | $547.2M-0.4% | $549.7M+14.0% | $482.0M+50.5% | $320.2M+13.0% | $283.3M-0.3% | $284.1M+22.5% | $231.9M |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Long-Term Debt, Retained Earnings.
SA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$11.3Mn/m | -$9.9Mn/m | -$16.3Mn/m | -$9.8Mn/m | -$9.2Mn/m | -$7.6Mn/m | -$8.4Mn/m | -$6.9Mn/m | -$8.1Mn/m | -$3.9M |
| Capital Expenditures | $99.9M+35.3% | $73.8M-57.7% | $174.3M+32.5% | $131.5M+128.3% | $57.6M | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$111.2Mn/m | -$83.7Mn/m | -$190.7Mn/m | -$141.4Mn/m | -$66.8M | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$137.1Mn/m | -$84.2Mn/m | -$153.7Mn/m | -$207.8Mn/m | -$61.6Mn/m | -$141.5Mn/m | -$11.4Mn/m | -$31.3Mn/m | -$22.5Mn/m | -$12.3M |
| Financing Cash Flow | $198.5M+182.3% | $70.3M-64.4% | $197.3M-18.1% | $240.8M+263.8% | $66.2M-57.7% | $156.6M+543.8% | $24.3M-34.8% | $37.3M+14.8% | $32.5M+95.0% | $16.7M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.
SA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | N/A | N/A | N/A | 10277.8% | 1084.3% | 13545.5% | -9597.5% | -11798.8% | N/A | N/A |
| Return on Equity | -4.7%-8.4pp | 3.7%-0.3pp | 4.0%+3.0pp | 1.0%+0.9pp | 0.1%-2.3pp | 2.4%+5.2pp | -2.8%+2.4pp | -5.2%-2.3pp | -2.9%-0.5pp | -2.3% |
| Return on Assets | -3.0%-5.2pp | 2.1%0.0pp | 2.2%+1.5pp | 0.7%+0.6pp | 0.1%-2.2pp | 2.3%+4.9pp | -2.6%+2.1pp | -4.7%-2.0pp | -2.7%-0.5pp | -2.2% |
| Current Ratio | 5.24+2.4x | 2.86+0.5x | 2.38-0.3x | 2.70-0.4x | 3.13-1.4x | 4.53+1.7x | 2.87-0.9x | 3.76+0.5x | 3.26+1.0x | 2.28 |
| Liabilities-to-Equity | 0.57-0.2x | 0.72-0.1x | 0.85+0.4x | 0.48+0.4x | 0.060.0x | 0.050.0x | 0.080.0x | 0.100.0x | 0.080.0x | 0.09 |
| Asset Turnover | N/A | N/A | N/A | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | -265665.3% | -102828.9% | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Seabridge Gold, Inc. SA | FY2025 | N/A | -$38.8M | N/A | $2.7B | — |
| DRDGOLD Ltd. DRD | FY2025 | $444.7M | $126.6M | 28.5% | $2.3B | 73/100 |
| Collective Mining Ltd. CNL | FY2025 | N/A | -$49.9M | N/A | $1.1B | — |
| i-80 Gold Corp. IAUX | FY2025 | $95.2M | -$198.8M | N/A | $1.3B | 37/100 |
Where Seabridge Gold, Inc. Ranks
Frequently Asked Questions
Is Seabridge Gold, Inc. profitable?
No, Seabridge Gold, Inc. (SA) reported a net loss of $38.8M in fiscal year 2025.
What is Seabridge Gold, Inc.'s return on equity (ROE)?
Seabridge Gold, Inc. (SA) has a return on equity of -4.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Seabridge Gold, Inc.'s free cash flow?
Seabridge Gold, Inc. (SA) recorded an outflow of $111.2M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Seabridge Gold, Inc.'s operating cash flow?
Seabridge Gold, Inc. (SA) recorded an outflow of $11.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Seabridge Gold, Inc.'s total assets?
Seabridge Gold, Inc. (SA) had $1.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Seabridge Gold, Inc.'s capital expenditures?
Seabridge Gold, Inc. (SA) invested $99.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Seabridge Gold, Inc.'s current ratio?
Seabridge Gold, Inc. (SA) had a current ratio of 5.24 as of fiscal year 2025, which is generally considered healthy.
What is Seabridge Gold, Inc.'s liabilities-to-equity ratio?
Seabridge Gold, Inc. (SA) had a liabilities-to-equity ratio of 0.57 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Seabridge Gold, Inc.'s return on assets (ROA)?
Seabridge Gold, Inc. (SA) had a return on assets of -3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Seabridge Gold, Inc.'s P/E ratio?
Seabridge Gold, Inc. (SA) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $2.7B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Seabridge Gold, Inc.'s price-to-sales ratio?
Seabridge Gold, Inc. (SA) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $2.7B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Seabridge Gold, Inc.'s Piotroski F-Score?
Seabridge Gold, Inc. (SA) has a Piotroski F-Score of 3 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 Seabridge Gold, Inc.'s earnings high quality?
Seabridge Gold, Inc. (SA) reported a net loss of $38.8M while operations used $11.3M 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.