US GoldMining Financials
This page shows US GoldMining (USGOW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
US GoldMining passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, US GoldMining generates $0.91 in operating cash flow (-$7.8M OCF vs -$8.5M 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
Earnings & Revenue
US GoldMining's EBITDA was -$8.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.0% from the prior year.
US GoldMining reported -$8.5M in net income in fiscal year 2024. This represents an increase of 9.3% from the prior year.
US GoldMining earned $-0.68 per diluted share (EPS) in fiscal year 2024. This represents an increase of 17.1% from the prior year.
Cash & Balance Sheet
US GoldMining generated -$7.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 17.0% from the prior year.
US GoldMining held $3.9M in cash against $0 in long-term debt as of fiscal year 2024.
US GoldMining had 12M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.
Margins & Returns
US GoldMining's ROE was -190.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 113.0 percentage points from the prior year.
Capital Allocation
US GoldMining invested $172K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 51.6% from the prior year.
USGOW Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 |
USGOW Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 |
USGOW Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 |
USGOW Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 |
Frequently Asked Questions
Is US GoldMining profitable?
No, US GoldMining (USGOW) reported a net income of -$8.5M in fiscal year 2024.
What is US GoldMining's EBITDA?
US GoldMining (USGOW) had EBITDA of -$8.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is US GoldMining's return on equity (ROE)?
US GoldMining (USGOW) has a return on equity of -190.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is US GoldMining's free cash flow?
US GoldMining (USGOW) generated -$7.9M in free cash flow during fiscal year 2024. This represents a 17.0% 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 US GoldMining's operating cash flow?
US GoldMining (USGOW) generated -$7.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are US GoldMining's total assets?
US GoldMining (USGOW) had $5.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are US GoldMining's capital expenditures?
US GoldMining (USGOW) invested $172K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is US GoldMining's current ratio?
US GoldMining (USGOW) had a current ratio of 9.80 as of fiscal year 2024, which is generally considered healthy.
What is US GoldMining's debt-to-equity ratio?
US GoldMining (USGOW) had a debt-to-equity ratio of 0.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is US GoldMining's return on assets (ROA)?
US GoldMining (USGOW) had a return on assets of -164.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is US GoldMining's cash runway?
Based on fiscal year 2024 data, US GoldMining (USGOW) had $3.9M in cash against an annual operating cash burn of $7.8M. This gives an estimated cash runway of approximately 6 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 US GoldMining's Piotroski F-Score?
US GoldMining (USGOW) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are US GoldMining's earnings high quality?
US GoldMining (USGOW) has an earnings quality ratio of 0.91x, 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.