What is U.S. Goldmining Inc.'s earnings per share (EPS)?

U.S. Goldmining Inc. (USGO) reported diluted earnings per share of $-0.55 for fiscal year 2025. This represents a 19.1% 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.

U.S. Goldmining Inc. Financials

USGO

Source SEC Filings (10-K/10-Q) Updated Mar 20, 2026 Currency USD FYE March

This page shows U.S. Goldmining Inc. (USGO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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

Earnings Quality Low Quality

0.84x

For every $1 of reported earnings, U.S. Goldmining Inc. generates $0.84 in operating cash flow (-$5.8M OCF vs -$7.0M 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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Earnings & Revenue

Revenue

N/A

EBITDA

-$7.0M

YoY+20.5%

U.S. Goldmining Inc.'s EBITDA was -$7.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.5% from the prior year.

Net Income

-$7.0M

YoY+17.6%

U.S. Goldmining Inc. reported -$7.0M in net income in fiscal year 2025. This represents an increase of 17.6% from the prior year.

EPS (Diluted)

$-0.55

YoY+19.1%

U.S. Goldmining Inc. earned $-0.55 per diluted share (EPS) in fiscal year 2025. This represents an increase of 19.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$6.0M

YoY+24.1%

U.S. Goldmining Inc. generated -$6.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 24.1% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

13M

YoY+6.9%

U.S. Goldmining Inc. had 13M shares outstanding in fiscal year 2025. This represents an increase of 6.9% 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

$172K

YoY+0.0%

U.S. Goldmining Inc. invested $172K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.0% from the prior year.

USGO Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	$3.9M+32.5%	$2.9M-36.9%	$4.7M+298.2%	$1.2M
Operating Income	-$7.1M+20.0%	-$8.9M+9.0%	-$9.8M-463.4%	-$1.7M
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	$4K-17.9%	$5K+0.6%	$5K	N/A
Net Income	-$7.0M+17.6%	-$8.5M+9.3%	-$9.4M-438.1%	-$1.7M
EPS (Diluted)	$-0.55+19.1%	$-0.68+17.1%	$-0.82-382.4%	$-0.17

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	$700K+5.0%	$666K-36.9%	$1.1M	N/A	$478K-26.8%	$653K-1.5%	$663K	N/A
Operating Income	-$2.8M-205.9%	-$927K+29.7%	-$1.3M	N/A	-$4.4M-175.0%	-$1.6M-45.5%	-$1.1M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$61-98.2%	$3K	N/A	$1K-57.3%	$3K	N/A	N/A
Net Income	-$2.8M-211.0%	-$905K+29.9%	-$1.3M	N/A	-$4.3M-192.2%	-$1.5M-54.5%	-$962K	N/A
EPS (Diluted)	$-0.22-214.3%	$-0.07+30.0%	$-0.10	N/A	$-0.35-191.7%	$-0.12-50.0%	$-0.08	N/A

USGO Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	N/A	$5.1M-59.7%	$12.8M+5464.0%	$230K
Current Assets	N/A	$4.1M-65.0%	$11.8M+5025.4%	$230K
Cash & Equivalents	N/A	$3.9M-65.4%	$11.2M+20454.6%	$55K
Inventory	N/A	$35K+27.9%	$27K	N/A
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$704K-9.2%	$776K-53.7%	$1.7M
Current Liabilities	N/A	$420K-11.6%	$475K-63.1%	$1.3M
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	N/A	$4.4M-63.0%	$12.0M+931.1%	-$1.4M
Retained Earnings	N/A	-$23.2M-57.7%	-$14.7M-187.2%	-$5.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$4.7M+7.0%	$4.4M+4.9%	$4.2M-18.5%	$5.1M-19.0%	$6.4M-39.5%	$10.5M-13.5%	$12.1M-5.0%	$12.8M
Current Assets	$3.8M+10.2%	$3.5M+7.7%	$3.2M-22.1%	$4.1M-22.1%	$5.3M-43.7%	$9.4M-15.8%	$11.2M-5.2%	$11.8M
Cash & Equivalents	$3.3M+3.6%	$3.2M+7.3%	$3.0M-23.7%	$3.9M-11.8%	$4.4M-46.5%	$8.2M-23.5%	$10.7M-4.1%	$11.2M
Inventory	$15K-57.8%	$35K0.0%	$35K0.0%	$35K-3.7%	$36K+6.7%	$34K+24.5%	$27K0.0%	$27K
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	$861K+11.8%	$770K-11.5%	$870K+23.6%	$704K-26.5%	$957K+19.6%	$800K-20.3%	$1.0M+29.5%	$776K
Current Liabilities	$581K+19.6%	$486K-17.4%	$588K+40.0%	$420K-36.9%	$666K+31.1%	$508K-28.3%	$709K+49.1%	$475K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.9M+6.0%	$3.6M+9.2%	$3.3M-25.2%	$4.4M-17.7%	$5.4M-44.3%	$9.7M-12.8%	$11.1M-7.3%	$12.0M
Retained Earnings	-$28.2M-11.1%	-$25.4M-3.7%	-$24.5M-5.6%	-$23.2M-7.9%	-$21.5M-25.3%	-$17.2M-9.5%	-$15.7M-6.5%	-$14.7M

USGO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	-$5.8M+24.6%	-$7.8M+17.8%	-$9.4M-613.1%	-$1.3M
Capital Expenditures	$172K0.0%	$172K+51.6%	$113K	N/A
Free Cash Flow	-$6.0M+24.1%	-$7.9M+17.0%	-$9.5M	N/A
Investing Cash Flow	-$172K0.0%	-$172K+82.5%	-$980K	N/A
Financing Cash Flow	$9.3M+1449.9%	$600K-97.3%	$21.8M+1493.1%	$1.4M
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$2.9M-233.5%	-$871K+5.5%	-$921K+17.2%	-$1.1M+70.9%	-$3.8M-62.4%	-$2.4M-403.5%	-$467K+80.6%	-$2.4M
Capital Expenditures	N/A	N/A	N/A	$1+200.0%	-$1-100.0%	$170K+8844.0%	$2K	N/A
Free Cash Flow	N/A	N/A	N/A	-$1.1M+70.9%	-$3.8M-51.5%	-$2.5M-437.7%	-$469K	N/A
Investing Cash Flow	N/A	N/A	N/A	-$1-200.0%	$1+100.0%	-$170K-8844.0%	-$2K+94.9%	-$38K
Financing Cash Flow	$3.0M	N/A	N/A	$590K+18228.3%	$3K-2.1%	$3K-11.2%	$4K-94.3%	$65K
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

USGO Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A
Return on Equity	N/A	-190.9%-113.0pp	-78.0%	N/A
Return on Assets	N/A	-164.8%-91.6pp	-73.2%+684.0pp	-757.2%
Current Ratio	N/A	9.80-15.0	24.76+24.6	0.18
Debt-to-Equity	N/A	0.16+0.1	0.06+1.2	-1.16
FCF Margin	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	-73.1%-48.2pp	-24.9%+13.9pp	-38.8%	N/A	-80.5%-65.2pp	-15.3%-6.7pp	-8.6%	N/A
Return on Assets	-59.7%-39.2pp	-20.6%+10.2pp	-30.8%	N/A	-68.4%-54.2pp	-14.2%-6.2pp	-7.9%	N/A
Current Ratio	6.55-0.6	7.11+1.7	5.45-4.3	9.80+1.9	7.94-10.5	18.48+2.7	15.74-9.0	24.76
Debt-to-Equity	0.22+0.0	0.21-0.0	0.26+0.1	0.16-0.0	0.18+0.1	0.080.0	0.09+0.0	0.06
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 U.S. Goldmining Inc. profitable?

No, U.S. Goldmining Inc. (USGO) reported a net income of -$7.0M in fiscal year 2025.

What is U.S. Goldmining Inc.'s EBITDA?

U.S. Goldmining Inc. (USGO) had EBITDA of -$7.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is U.S. Goldmining Inc.'s free cash flow?

U.S. Goldmining Inc. (USGO) generated -$6.0M in free cash flow during fiscal year 2025. This represents a 24.1% change compared to the previous fiscal year. 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 U.S. Goldmining Inc.'s operating cash flow?

U.S. Goldmining Inc. (USGO) generated -$5.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are U.S. Goldmining Inc.'s capital expenditures?

U.S. Goldmining Inc. (USGO) invested $172K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does U.S. Goldmining Inc. have outstanding?

U.S. Goldmining Inc. (USGO) had 13M shares outstanding as of fiscal year 2025.

Are U.S. Goldmining Inc.'s earnings high quality?

U.S. Goldmining Inc. (USGO) has an earnings quality ratio of 0.84x, 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.