Sandstorm Gold (SAND) Financials
Newest figures come from the 10-K for FY2024, filed Mar 31, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SAND SEC filings page.
Sandstorm Gold (SAND) reported $176.3M in revenue for fiscal year 2024, down 1.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Asset-heavy cash generation remains the dominant mechanic, while accounting earnings fluctuate sharply around it.
Operating cash flow of$135.4M was nearly nine times net income of$15.5M in FY2024, indicating that reported profit was not a close proxy for cash generation. That conversion remained substantial even as net margin fell from23.8% in FY2023 to8.8% , pointing to non-cash charges or other accounting items as an important earnings bridge.
The balance sheet is asset-heavy:
FY2024 financing cash flow was
Financial Health Signals
Sandstorm 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.
Sandstorm Gold passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Sandstorm Gold generates $8.73 in operating cash flow ($135.4M OCF vs $15.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2024.
Cash & Balance Sheet
Sandstorm Gold held $4.4M in cash as of Q4 2024; long-term debt is not reported for that period.
Not reported for Q4 2024.
Not reported for Q4 2024.
Margins & Returns
None of these metrics is reported for Q4 2024.
Capital Allocation
None of these metrics is reported for Q4 2024.
SAND 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
SAND 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 | Q4'2410-K | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K | Q4'1810-K | Q4'1710-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B-4.2% | $1.9B-2.2% | $2.0B+218.1% | $620.9M-4.5% | $649.9M+4.3% | $623.2M+5.8% | $588.9M-10.9% | $660.9M+23.6% |
| Current Assets | $31.7M-41.1% | $53.8M+64.3% | $32.7M-2.6% | $33.6M-73.0% | $124.4M+341.9% | $28.1M+5.4% | $26.7M-30.4% | $38.4M+36.5% |
| Cash & Equivalents | $4.4M-12.2% | $5.0M-28.8% | $7.0M-56.5% | $16.2M-85.8% | $113.8M+1532.1% | $7.0M+18.3% | $5.9M-53.0% | $12.5M-41.5% |
| Accounts Receivable | $20.0M+24.2% | $16.1M-24.9% | $21.4M+76.2% | $12.1M+51.6% | $8.0M+5.3% | $7.6M+54.9% | $4.9M | N/A |
| Total Liabilities | $400.8M-16.0% | $477.4M-10.5% | $533.4M+1790.0% | $28.2M+139.6% | $11.8M-77.5% | $52.3M+852.3% | $5.5M-40.6% | $9.2M+22.0% |
| Non-Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2.8M-14.6% |
| Total Equity | $1.4B-0.3% | $1.5B+0.9% | $1.4B+143.2% | $592.6M-7.1% | $638.1M+11.8% | $570.9M-2.1% | $583.4M-10.5% | $651.7M+23.6% |
| Retained Earnings | $119.9M-2.4% | $122.9M+24.3% | $98.9M+178.1% | $35.6M+224.8% | $11.0M+482.1% | -$2.9M+85.1% | -$19.3M+23.4% | -$25.1M+29.5% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Current Liabilities, Long-Term Debt.
SAND 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.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
SAND 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Current Ratio, Asset Turnover, 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 |
|---|---|---|---|---|---|---|
| Sandstorm Gold SAND | FY2024 | $176.3M | $15.5M | 8.8% | $3.6B | — |
| Fortuna Mining FSM | FY2025 | $947.1M | $311.1M | 32.9% | $3.5B | 36/100 |
| OR Royalties Inc OR | FY2025 | $277.4M | $206.1M | 74.3% | $6.7B | 44/100 |
| Ssr Mng Inc SSRM | FY2025 | $1.6B | $395.8M | 24.3% | $7.3B | 55/100 |
| B2Gold BTG | FY2025 | N/A | $426.7M | N/A | $6.9B | — |
| New Gold NGD | FY2024 | $924.5M | $102.6M | 11.1% | $7.2B | 35/100 |
Where Sandstorm Gold Ranks
Frequently Asked Questions
What is Sandstorm Gold's annual revenue?
Sandstorm Gold (SAND) reported $176.3M in total revenue for fiscal year 2024. This represents a -1.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Sandstorm Gold's revenue growing?
Sandstorm Gold (SAND) revenue declined by 1.9% year-over-year, from $179.6M to $176.3M in fiscal year 2024.
Is Sandstorm Gold profitable?
Yes, Sandstorm Gold (SAND) reported a net income of $15.5M in fiscal year 2024, with a net profit margin of 8.8%.
What is Sandstorm Gold's net profit margin?
Sandstorm Gold (SAND) had a net profit margin of 8.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Sandstorm Gold's return on equity (ROE)?
Sandstorm Gold (SAND) has a return on equity of 1.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Sandstorm Gold's operating cash flow?
Sandstorm Gold (SAND) generated $135.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Sandstorm Gold's total assets?
Sandstorm Gold (SAND) had $1.9B in total assets as of fiscal year 2024, including both current and long-term assets.
What is Sandstorm Gold's debt-to-equity ratio?
Sandstorm Gold (SAND) had a debt-to-equity ratio of 0.28 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sandstorm Gold's return on assets (ROA)?
Sandstorm Gold (SAND) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Sandstorm Gold's Piotroski F-Score?
Sandstorm Gold (SAND) has a Piotroski F-Score of 5 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 Sandstorm Gold's earnings high quality?
Sandstorm Gold (SAND) has an earnings quality ratio of 8.73x, considered cash-backed (high quality). 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.