Star Gold Financials

SRGZ

Source SEC Filings (10-K/10-Q) Data as of Jan 31, 2026 Currency USD FYE April

This page shows Star Gold (SRGZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 SRGZ FY2025 2026-07-22

Recurring cash burn is being bridged by new financing while near-term obligations increasingly dominate the balance sheet.

From FY2023 to FY2025, operating cash burn improved from -$283K to -$157K, yet equity moved from $91K to -$445K as liabilities rose from $614K to $1.16M. That mix means narrower annual losses did not repair the capital structure; funding pressure shifted toward creditors and fresh external support instead.

Liquidity pressure is concentrated in the next twelve months: FY2025 current assets of $14K covered only a sliver of $759K of current liabilities. The slide from 1.3x to 0.02x over this period shows the balance-sheet problem is not just negative equity on paper, but very limited short-term flexibility.

Financing cash flow remained positive, reaching $176K in the latest year, while shares outstanding stayed at 97.3M shares throughout the periods shown. Combined with minimal annual investing outflow in these statements, that points to a business currently spending cash mainly to stay operating rather than to build a larger asset base.

Financial Health Signals

Financial health score pending refresh

We are recalculating Star Gold's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

2/6

Star Gold passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.61x

For every $1 of reported earnings, Star Gold generates $0.61 in operating cash flow (-$157K OCF vs -$257K 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

Export CSV

Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$257K

YoY-8.3%

Star Gold reported -$257K in net income in fiscal year 2025. This represents a decrease of 8.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$11K

YoY-23.8%

5Y CAGR+10.1%

10Y CAGR-21.1%

Star Gold held $11K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

97M

YoY+0.0%

5Y CAGR+4.5%

10Y CAGR+10.3%

Star Gold had 97M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SRGZ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$203K-4.4%	-$195K+51.4%	-$401K-3.0%	-$389K+39.4%	-$642K-41.3%	-$454K
Interest Expense	N/A	N/A	N/A	$1K+6.3%	$946+4.8%	$903
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$257K-8.3%	-$238K+44.0%	-$425K-8.0%	-$393K+39.0%	-$644K-41.6%	-$455K
EPS (Diluted)	N/A	N/A	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
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$161K-164.1%	-$61K+46.7%	-$115K	N/A	-$41K-14.4%	-$36K+59.3%	-$87K	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	N/A	$0	$0	$0	N/A
Net Income	-$181K-130.8%	-$78K+39.9%	-$130K	N/A	-$55K-10.6%	-$49K+50.3%	-$99K	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SRGZ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$718K+1.5%	$707K+0.3%	$705K-11.9%	$800K-7.5%	$865K+30.6%	$662K
Current Assets	$14K-10.2%	$16K-38.8%	$26K-80.6%	$133K-36.7%	$210K+1068.1%	$18K
Cash & Equivalents	$11K-23.8%	$14K-33.7%	$22K+2158.6%	$962-99.5%	$179K+2540.4%	$7K
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	$1.2M+34.6%	$864K+40.8%	$614K+83.1%	$335K+178.7%	$120K-52.0%	$250K
Current Liabilities	$759K+125.6%	$337K+122.3%	$151K+43.9%	$105K	N/A	$147K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$445K-183.9%	-$157K-271.6%	$91K-80.4%	$465K-37.6%	$745K+80.8%	$412K
Retained Earnings	-$13.2M-2.2%	-$13.0M-2.0%	-$12.7M-3.0%	-$12.3M-3.1%	-$12.0M-6.1%	-$11.3M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$1.1M+40.5%	$752K+4.7%	$718K+1.5%	$707K+0.9%	$701K+0.2%	$699K-1.1%	$707K+3.0%	$687K
Current Assets	$352K+633.3%	$48K+240.0%	$14K-10.6%	$16K+69.4%	$9K+21.3%	$8K-51.2%	$16K+125.6%	$7K
Cash & Equivalents	$266K+478.8%	$46K+319.3%	$11K-3.6%	$11K+27.4%	$9K+30.9%	$7K-52.6%	$14K+178.6%	$5K
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	$1.4M+11.0%	$1.2M+5.4%	$1.2M+13.8%	$1.0M+6.3%	$962K+6.2%	$906K+4.8%	$864K+16.2%	$744K
Current Liabilities	$1.0M+15.1%	$897K+18.1%	$759K+10.6%	$687K+101.1%	$341K+10.5%	$309K-8.2%	$337K+24.0%	$271K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$305K+35.7%	-$474K-6.4%	-$445K-41.4%	-$315K-20.6%	-$261K-26.5%	-$206K-31.5%	-$157K-173.3%	-$57K
Retained Earnings	-$13.5M-1.4%	-$13.3M-0.6%	-$13.2M-1.0%	-$13.1M-0.4%	-$13.1M-0.4%	-$13.0M-0.4%	-$13.0M-0.8%	-$12.9M

SRGZ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$157K+10.8%	-$176K+37.6%	-$283K-11.7%	-$253K+56.1%	-$576K-72.5%	-$334K
Capital Expenditures	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
Investing Cash Flow	-$12K0.0%	-$12K0.0%	-$12K0.0%	-$12K0.0%	-$12K+90.8%	-$130K
Financing Cash Flow	$176K+9.7%	$160K-42.3%	$278K+455.0%	$50K-94.0%	$827K+1554.6%	$50K
Dividends Paid	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

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	-$130K-52.8%	-$85K-50.7%	-$56K-40.8%	-$40K-83.0%	-$22K+71.4%	-$77K-308.0%	-$19K+27.7%	-$26K
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	$0	$0+100.0%	-$12K	$0	$0	$0+100.0%	-$12K	$0
Financing Cash Flow	$350K+191.7%	$120K+76.5%	$68K+60.0%	$43K+77.1%	$24K-65.2%	$69K+72.5%	$40K+100.0%	$20K
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

SRGZ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	-464.9%-380.3pp	-84.5%+1.9pp	-86.5%+23.9pp	-110.4%
Return on Assets	-35.9%-2.2pp	-33.6%+26.6pp	-60.2%-11.1pp	-49.1%+25.3pp	-74.4%-5.8pp	-68.7%
Current Ratio	0.02-0.0	0.05-0.1	0.17-1.1	1.26	N/A	0.12
Debt-to-Equity	-2.61+2.9	-5.51-12.2	6.72+6.0	0.72+0.6	0.16-0.4	0.61
FCF Margin	N/A	N/A	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
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	-17.1%-6.7pp	-10.4%+7.7pp	-18.2%	N/A	-7.8%-0.7pp	-7.1%+7.0pp	-14.1%	N/A
Current Ratio	0.34+0.3	0.05+0.0	0.020.0	0.020.0	0.030.0	0.02-0.0	0.05+0.0	0.03
Debt-to-Equity	-4.47-1.9	-2.59+0.0	-2.61+0.6	-3.25+0.4	-3.69+0.7	-4.39+1.1	-5.51+7.5	-12.97
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$445K), 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 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Discovery Minerals Ltd DSCR

$744K

Jade Leader MCKRF

$164K

Xplore Resources XPRCF

$263K

Taurus Gold TARGF

Frequently Asked Questions

Is Star Gold profitable?

No, Star Gold (SRGZ) reported a net income of -$257K in fiscal year 2025.

What is Star Gold's operating cash flow?

Star Gold (SRGZ) generated -$157K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Star Gold's total assets?

Star Gold (SRGZ) had $718K in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Star Gold have outstanding?

Star Gold (SRGZ) had 97M shares outstanding as of fiscal year 2025.

What is Star Gold's current ratio?

Star Gold (SRGZ) had a current ratio of 0.02 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Star Gold's debt-to-equity ratio?

Star Gold (SRGZ) had a debt-to-equity ratio of -2.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Star Gold's return on assets (ROA)?

Star Gold (SRGZ) had a return on assets of -35.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Star Gold's cash runway?

Based on fiscal year 2025 data, Star Gold (SRGZ) had $11K in cash against an annual operating cash burn of $157K. This gives an estimated cash runway of approximately 1 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 Star Gold's debt-to-equity ratio negative or unusual?

Star Gold (SRGZ) has negative shareholder equity of -$445K as of fiscal year 2025, 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 Star Gold's Piotroski F-Score?

Star Gold (SRGZ) has a Piotroski F-Score of 2 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 Star Gold's earnings high quality?

Star Gold (SRGZ) has an earnings quality ratio of 0.61x, 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.