U.S. Goldmining Inc. Financials
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).
Cash-heavy, no-revenue operations are being sustained by equity financing, while recent years show a gentler cash burn.
Operating cash burn fell to-$5.8M from-$7.8M even though there was no reported revenue, so the business consumed less cash than its accounting losses suggest. That gap, combined with$9.3M of financing inflow and a higher share count, shows the balance sheet is being rebuilt by external capital rather than operations.
Cash made up most of the asset base, with
Net loss also narrowed, moving from
Financial Health Signals
U.S. Goldmining 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.
U.S. Goldmining Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
U.S. Goldmining Inc. reported a net loss of $7.0M while operations used $5.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
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.
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.
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.
Not reported for fiscal year 2025.
Cash & Balance Sheet
U.S. Goldmining Inc. held $7.4M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
U.S. Goldmining Inc.'s ROE was -91.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 99.1 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
None of these metrics is reported for fiscal year 2025.
USGO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| SG&A Expenses | N/A | $3.9M+32.5% | $2.9M-36.9% | $4.7M | N/A |
| Operating Income | N/A | -$7.1M+20.0% | -$8.9M+9.0% | -$9.8M | N/A |
| Income Tax | N/A | $4K-17.9% | $5K+0.6% | $5K | N/A |
| Net Income | N/A | -$7.0M+17.6% | -$8.5M+9.3% | -$9.4M | N/A |
| EPS (Diluted) | — | -$0.55+19.1% | -$0.68+17.1% | -$0.82-382.4% | -$0.17 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
USGO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $8.4M+64.0% | $5.1M-59.7% | $12.8M+5464.0% | $230K |
| Current Assets | $7.6M+84.2% | $4.1M-65.0% | $11.8M+5025.4% | $230K |
| Cash & Equivalents | $7.4M+90.1% | $3.9M-65.4% | $11.2M+20454.6% | $55K |
| Inventory | $29K-17.8% | $35K+27.9% | $27K | N/A |
| Total Liabilities | $837K+18.8% | $704K-9.2% | $776K-53.7% | $1.7M |
| Current Liabilities | $559K+33.0% | $420K-11.6% | $475K-63.1% | $1.3M |
| Total Equity | $7.6M+71.2% | $4.4M-63.0% | $12.0M+931.1% | -$1.4M |
| Retained Earnings | -$30.2M-30.1% | -$23.2M-57.7% | -$14.7M-187.2% | -$5.1M |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill, Long-Term Debt.
USGO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$9.9M | -$5.8M+24.6% | -$7.8M+17.8% | -$9.4M | N/A |
| Capital Expenditures | N/A | N/A | $172K+51.6% | $113K | N/A |
| Free Cash Flow | N/A | N/A | -$7.9M+17.0% | -$9.5M | N/A |
| Investing Cash Flow | N/A | N/A | -$172K+82.5% | -$980K | N/A |
| Financing Cash Flow | $14.5M | $9.3M+1449.9% | $600K-97.3% | $21.8M | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
USGO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Return on Equity | -91.9%+99.1pp | -190.9%-113.0pp | -78.0% | N/A |
| Return on Assets | -82.8%+82.0pp | -164.8%-91.6pp | -73.2% | N/A |
| Current Ratio | 13.57+3.8x | 9.80-15.0x | 24.76+24.6x | 0.18 |
| Debt-to-Equity | 0.110.0x | 0.16+0.1x | 0.06 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
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Where U.S. Goldmining Inc. Ranks
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 return on equity (ROE)?
U.S. Goldmining Inc. (USGO) has a return on equity of -91.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is U.S. Goldmining Inc.'s operating cash flow?
U.S. Goldmining Inc. (USGO) recorded an outflow of $5.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are U.S. Goldmining Inc.'s total assets?
U.S. Goldmining Inc. (USGO) had $8.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is U.S. Goldmining Inc.'s current ratio?
U.S. Goldmining Inc. (USGO) had a current ratio of 13.57 as of fiscal year 2025, which is generally considered healthy.
What is U.S. Goldmining Inc.'s debt-to-equity ratio?
U.S. Goldmining Inc. (USGO) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is U.S. Goldmining Inc.'s return on assets (ROA)?
U.S. Goldmining Inc. (USGO) had a return on assets of -82.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is U.S. Goldmining Inc.'s cash runway?
Based on fiscal year 2025 data, U.S. Goldmining Inc. (USGO) had $7.4M in cash against an annual operating cash burn of $5.8M. This gives an estimated cash runway of approximately 15 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.
What is U.S. Goldmining Inc.'s Piotroski F-Score?
U.S. Goldmining Inc. (USGO) 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 U.S. Goldmining Inc.'s earnings high quality?
U.S. Goldmining Inc. (USGO) reported a net loss of $7.0M while operations used $5.8M 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.