Vista Gold Cp Financials

VGZ

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Altman Z-Score Safe

162.67

Vista Gold Cp scores 162.67, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($344.6M) relative to total liabilities ($1.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Weak

3/9

Vista Gold Cp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

-0.51x

For every $1 of reported earnings, Vista Gold Cp generates $-0.51 in operating cash flow (-$5.7M OCF vs $11.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Vista Gold Cp (VGZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

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Key Financial Metrics

Revenue

Vista Gold Cp generated $0 in revenue in fiscal year 2024.

EBITDA

$10.6M

YoY+257.5%

Vista Gold Cp's EBITDA was $10.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 257.5% from the prior year.

Free Cash Flow

-$6.1M

YoY-2.8%

Vista Gold Cp generated -$6.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 2.8% from the prior year.

Net Income

$11.2M

YoY+270.8%

Vista Gold Cp reported $11.2M in net income in fiscal year 2024. This represents an increase of 270.8% from the prior year.

EPS (Diluted)

$0.09

YoY+280.0%

Vista Gold Cp earned $0.09 per diluted share (EPS) in fiscal year 2024. This represents an increase of 280.0% from the prior year.

Cash & Debt

$16.9M

YoY+179.3%

5Y CAGR+64.5%

10Y CAGR+16.4%

Vista Gold Cp held $16.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

124M

YoY+2.0%

5Y CAGR+4.2%

10Y CAGR+4.1%

Vista Gold Cp had 124M shares outstanding in fiscal year 2024. This represents an increase of 2.0% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

62.8%

Vista Gold Cp's ROE was 62.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$344K

YoY+574.5%

5Y CAGR+53.8%

10Y CAGR+47.6%

Vista Gold Cp invested $344K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 574.5% from the prior year.

VGZ Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$0	$0	$0	$0	$0	$0
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	$3.7M+4.5%	$3.5M-7.0%	$3.8M-4.5%	$3.9M+4.4%	$3.8M-4.1%	$3.9M
Operating Income	$10.5M+255.8%	-$6.8M	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	$11.2M+270.8%	-$6.6M-33.5%	-$4.9M+67.6%	-$15.2M-3727.9%	$420K+104.5%	-$9.4M
EPS (Diluted)	$0.09+280.0%	$-0.05-25.0%	$-0.04+71.4%	$-0.14	$0.00+100.0%	$-0.09

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$0	$0	$0	$0	$0	$0	$0	$0
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	$846K+24.8%	$678K-47.8%	$1.3M+45.8%	$890K+14.2%	$779K-38.0%	$1.3M+58.6%	$792K+18.9%	$666K
Operating Income	-$2.1M+15.3%	-$2.5M+13.1%	-$2.9M-50.3%	-$1.9M-112.3%	$15.5M+1371.5%	-$1.2M	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$723K+69.3%	-$2.4M+13.0%	-$2.7M-61.9%	-$1.7M-110.7%	$15.6M+1556.9%	-$1.1M+35.2%	-$1.7M-14.0%	-$1.5M
EPS (Diluted)	$-0.01+50.0%	$-0.020.0%	$-0.02-100.0%	$-0.01-108.3%	$0.12+1300.0%	$-0.010.0%	$-0.010.0%	$-0.01

VGZ Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$19.0M+112.4%	$8.9M-18.7%	$11.0M-32.8%	$16.3M-5.1%	$17.2M+3.3%	$16.7M
Current Assets	$17.5M+168.7%	$6.5M-24.7%	$8.6M-38.0%	$14.0M+48.3%	$9.4M+6.6%	$8.8M
Cash & Equivalents	$16.9M+179.3%	$6.1M-25.2%	$8.1M-36.4%	$12.8M+64.4%	$7.8M+451.3%	$1.4M
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	$1.1M-73.2%	$4.0M+316.2%	$957K-53.3%	$2.0M+48.6%	$1.4M-65.8%	$4.0M
Current Liabilities	$1.0M+11.4%	$939K+0.6%	$933K-47.8%	$1.8M+58.8%	$1.1M+5.2%	$1.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$17.9M+261.7%	$5.0M-50.6%	$10.0M-29.8%	$14.3M-9.8%	$15.9M+25.3%	$12.6M
Retained Earnings	-$460.2M+2.4%	-$471.4M-1.4%	-$464.8M-1.1%	-$459.9M-3.4%	-$444.6M+0.1%	-$445.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$15.9M+4.6%	$15.2M-10.9%	$17.0M-10.4%	$19.0M-9.5%	$21.0M+36.8%	$15.3M+71.6%	$8.9M+19.4%	$7.5M
Current Assets	$13.9M+2.9%	$13.5M-12.0%	$15.4M-12.2%	$17.5M-14.9%	$20.6M+66.2%	$12.4M+89.8%	$6.5M+27.0%	$5.1M
Cash & Equivalents	$13.7M+3.8%	$13.2M-11.8%	$15.0M-11.7%	$16.9M-16.2%	$20.2M+69.8%	$11.9M+96.3%	$6.1M+25.2%	$4.8M
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	$1.2M-4.6%	$1.3M-11.7%	$1.4M+33.2%	$1.1M+28.4%	$831K-92.6%	$11.2M+181.0%	$4.0M+305.2%	$983K
Current Liabilities	$1.1M-8.1%	$1.2M-12.2%	$1.4M+33.5%	$1.0M+30.3%	$803K-31.3%	$1.2M+24.4%	$939K-0.5%	$944K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$14.7M+5.5%	$13.9M-10.8%	$15.6M-13.0%	$17.9M-11.1%	$20.1M+386.8%	$4.1M-16.4%	$5.0M-23.8%	$6.5M
Retained Earnings	-$465.9M-0.2%	-$465.2M-0.5%	-$462.9M-0.6%	-$460.2M-0.7%	-$456.8M+3.3%	-$472.5M-0.2%	-$471.4M-0.4%	-$469.7M

VGZ Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$5.7M+2.1%	-$5.9M+20.9%	-$7.4M+30.2%	-$10.6M-52.7%	-$7.0M+1.4%	-$7.1M
Capital Expenditures	$344K+574.5%	$51K+920.0%	$5K-96.4%	$139K+104.4%	$68K+70.0%	$40K
Free Cash Flow	-$6.1M-2.8%	-$5.9M+20.3%	-$7.4M+31.1%	-$10.8M-53.2%	-$7.0M+1.0%	-$7.1M
Investing Cash Flow	$15.6M+428.8%	$2.9M+2.4%	$2.9M+9.4%	$2.6M-77.4%	$11.6M+57.6%	$7.4M
Financing Cash Flow	$1.0M+17.5%	$871K+870.8%	-$113K-100.9%	$13.0M+672.4%	$1.7M+12830.8%	$13K
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	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$526K+77.1%	-$2.3M-26.1%	-$1.8M+5.6%	-$1.9M-39.9%	-$1.4M-4.5%	-$1.3M+25.6%	-$1.8M-61.7%	-$1.1M
Capital Expenditures	$336K+2000.0%	$16K-52.9%	$34K-81.5%	$184K+493.5%	$31K-39.2%	$51K+537.5%	$8K	N/A
Free Cash Flow	-$862K+62.7%	-$2.3M-24.6%	-$1.9M+12.2%	-$2.1M-49.9%	-$1.4M-2.8%	-$1.4M+23.0%	-$1.8M	N/A
Investing Cash Flow	-$336K-2000.0%	-$16K+91.3%	-$184K+66.3%	-$546K-105.8%	$9.4M+30.3%	$7.2M+142.2%	$3.0M	N/A
Financing Cash Flow	$1.4M+147.8%	$552K+2200.0%	$24K-94.9%	$469K+92.2%	$244K+387.1%	-$85K	$0	$0
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

VGZ Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
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	62.8%	N/A	N/A	N/A	2.6%	N/A
Return on Assets	59.3%+133.0pp	-73.7%-28.8pp	-44.9%+48.4pp	-93.2%-95.7pp	2.4%+58.7pp	-56.3%
Current Ratio	16.73+9.8	6.94-2.3	9.27+1.5	7.80-0.6	8.35+0.1	8.25
Debt-to-Equity	0.06-0.7	0.80+0.7	0.10-0.0	0.14+0.1	0.09-0.2	0.32
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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	N/A	N/A	N/A	N/A	77.6%	N/A	N/A	N/A
Return on Assets	-4.6%+11.0pp	-15.6%+0.4pp	-15.9%-7.1pp	-8.8%-83.4pp	74.6%+81.6pp	-7.0%+11.5pp	-18.6%+0.9pp	-19.4%
Current Ratio	12.35+1.3	11.03+0.0	11.01-5.7	16.73-8.9	25.60+15.0	10.59+3.7	6.94+1.5	5.44
Debt-to-Equity	0.080.0	0.090.0	0.09+0.0	0.06+0.0	0.04-2.7	2.71+1.9	0.80+0.7	0.15
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

What is Vista Gold Cp's annual revenue?

Vista Gold Cp (VGZ) reported $0 in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Vista Gold Cp profitable?

Yes, Vista Gold Cp (VGZ) reported a net income of $11.2M in fiscal year 2024.

What is Vista Gold Cp's earnings per share (EPS)?

Vista Gold Cp (VGZ) reported diluted earnings per share of $0.09 for fiscal year 2024. This represents a 280.0% 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.

What is Vista Gold Cp's EBITDA?

Vista Gold Cp (VGZ) had EBITDA of $10.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Vista Gold Cp's return on equity (ROE)?

Vista Gold Cp (VGZ) has a return on equity of 62.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Vista Gold Cp's free cash flow?

Vista Gold Cp (VGZ) generated -$6.1M in free cash flow during fiscal year 2024. This represents a -2.8% 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 Vista Gold Cp's operating cash flow?

Vista Gold Cp (VGZ) generated -$5.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Vista Gold Cp's total assets?

Vista Gold Cp (VGZ) had $19.0M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Vista Gold Cp's capital expenditures?

Vista Gold Cp (VGZ) invested $344K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Vista Gold Cp have outstanding?

Vista Gold Cp (VGZ) had 124M shares outstanding as of fiscal year 2024.

What is Vista Gold Cp's current ratio?

Vista Gold Cp (VGZ) had a current ratio of 16.73 as of fiscal year 2024, which is generally considered healthy.

What is Vista Gold Cp's debt-to-equity ratio?

Vista Gold Cp (VGZ) had a debt-to-equity ratio of 0.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

Vista Gold Cp (VGZ) had a return on assets of 59.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Vista Gold Cp's cash runway?

Based on fiscal year 2024 data, Vista Gold Cp (VGZ) had $16.9M in cash against an annual operating cash burn of $5.7M. This gives an estimated cash runway of approximately 35 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 Vista Gold Cp's Altman Z-Score?

Vista Gold Cp (VGZ) has an Altman Z-Score of 162.67, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Vista Gold Cp's Piotroski F-Score?

Vista Gold Cp (VGZ) has a Piotroski F-Score of 3 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 Vista Gold Cp's earnings high quality?

Vista Gold Cp (VGZ) has an earnings quality ratio of -0.51x, 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.