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

Vista Gold Cp (VGZ) reported diluted earnings per share of $-0.06 for fiscal year 2025. This represents a -166.7% 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.

Vista Gold Cp Financials

VGZ

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Vista Gold Cp (VGZ) 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 VGZ FY2025 2026-04-30

Cash reserves and outside financing are supporting a multi-year operating cash burn rather than a self-funding business.

The clearest disconnect is FY2024’s profit: net income turned positive at $11.2M even as operating cash flow stayed negative at -$5.7M. Because the business returned to a -$7.5M net loss in FY2025 while cash flow remained negative throughout the period, that profit spike looks more like a non-cash accounting swing than evidence that operations had started funding themselves.

With $13.6M of cash and only $1.2M of total liabilities, the balance sheet is lightly encumbered. That cash pile equaled a little over two years of FY2025 operating outflow of -$6.6M, so the core constraint is burn rate rather than debt service.

Free cash flow of -$7.2M sat close to operating cash flow of -$6.6M, which means cash use is mostly operating burn rather than heavy capital spending. Shares outstanding climbed from 121.1M in FY2023 to 127.0M in FY2025, and alongside FY2025 financing inflow of $4.0M that points to external capital filling the gap left by operations.

Financial Health Signals

Financial Profile 33/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Vista Gold Cp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

100

Vista Gold Cp carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 12.97, Vista Gold Cp holds $12.97 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns

Vista Gold Cp generates a -49.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 62.8% the prior year.

Piotroski F-Score Weak

1/9

Vista Gold Cp 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), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.88x

For every $1 of reported earnings, Vista Gold Cp generates $0.88 in operating cash flow (-$6.6M OCF vs -$7.5M 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

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Earnings & Revenue

Revenue

Vista Gold Cp generated $0 in revenue in fiscal year 2025.

EBITDA

-$9.2M

YoY-186.9%

Vista Gold Cp's EBITDA was -$9.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 186.9% from the prior year.

Net Income

-$7.5M

YoY-166.7%

Vista Gold Cp reported -$7.5M in net income in fiscal year 2025. This represents a decrease of 166.7% from the prior year.

EPS (Diluted)

$-0.06

YoY-166.7%

Vista Gold Cp earned $-0.06 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 166.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$7.2M

YoY-18.5%

Vista Gold Cp generated -$7.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 18.5% from the prior year.

Cash & Debt

$13.6M

YoY-19.6%

5Y CAGR+11.9%

10Y CAGR+31.2%

Vista Gold Cp held $13.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

127M

YoY+2.8%

5Y CAGR+4.2%

10Y CAGR+4.4%

Vista Gold Cp had 127M shares outstanding in fiscal year 2025. This represents an increase of 2.8% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-49.6%

YoY-112.5pp

5Y CAGR-52.3pp

10Y CAGR-53.4pp

Vista Gold Cp's ROE was -49.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 112.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$592K

YoY+72.1%

5Y CAGR+54.2%

10Y CAGR+16.0%

Vista Gold Cp invested $592K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 72.1% from the prior year.

VGZ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	$3.6M-1.4%	$3.7M+4.5%	$3.5M-7.0%	$3.8M-4.5%	$3.9M+4.4%	$3.8M
Operating Income	-$9.3M-188.2%	$10.5M+255.8%	-$6.8M	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$0	$0	$0	$0	$0
Net Income	-$7.5M-166.7%	$11.2M+270.8%	-$6.6M-33.5%	-$4.9M+67.6%	-$15.2M-3727.9%	$420K
EPS (Diluted)	$-0.06-166.7%	$0.09+280.0%	$-0.05-25.0%	$-0.04+71.4%	$-0.14	$0.00

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$0	N/A	$0	$0	$0	N/A	$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	$1.6M	N/A	$846K+24.8%	$678K-47.8%	$1.3M	N/A	$738K-5.3%	$779K
Operating Income	-$3.3M	N/A	-$2.1M+15.3%	-$2.5M+13.1%	-$2.9M	N/A	-$1.8M-111.8%	$15.5M
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	-$3.1M	N/A	-$723K+69.3%	-$2.4M+13.0%	-$2.7M	N/A	-$1.6M-110.5%	$15.6M
EPS (Diluted)	$-0.02	N/A	$-0.01+50.0%	$-0.020.0%	$-0.02	N/A	$-0.01-108.3%	$0.12

VGZ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$16.3M-14.2%	$19.0M+112.4%	$8.9M-18.7%	$11.0M-32.8%	$16.3M-5.1%	$17.2M
Current Assets	$14.1M-19.2%	$17.5M+168.7%	$6.5M-24.7%	$8.6M-38.0%	$14.0M+48.3%	$9.4M
Cash & Equivalents	$13.6M-19.6%	$16.9M+179.3%	$6.1M-25.2%	$8.1M-36.4%	$12.8M+64.4%	$7.8M
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+9.3%	$1.1M-73.2%	$4.0M+316.2%	$957K-53.3%	$2.0M+48.6%	$1.4M
Current Liabilities	$1.1M+4.3%	$1.0M+11.4%	$939K+0.6%	$933K-47.8%	$1.8M+58.8%	$1.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$15.1M-15.6%	$17.9M+261.7%	$5.0M-50.6%	$10.0M-29.8%	$14.3M-9.8%	$15.9M
Retained Earnings	-$467.7M-1.6%	-$460.2M+2.4%	-$471.4M-1.4%	-$464.8M-1.1%	-$459.9M-3.4%	-$444.6M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$55.3M+239.6%	$16.3M+2.6%	$15.9M+4.6%	$15.2M-10.9%	$17.0M-10.4%	$19.0M-5.6%	$20.1M-4.1%	$21.0M
Current Assets	$53.2M+275.9%	$14.1M+1.7%	$13.9M+2.9%	$13.5M-12.0%	$15.4M-12.2%	$17.5M-8.7%	$19.2M-6.8%	$20.6M
Cash & Equivalents	$52.7M+287.1%	$13.6M-0.7%	$13.7M+3.8%	$13.2M-11.8%	$15.0M-11.7%	$16.9M-10.6%	$19.0M-6.3%	$20.2M
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	$1.9M+63.5%	$1.2M-2.6%	$1.2M-4.6%	$1.3M-11.7%	$1.4M+33.2%	$1.1M-3.0%	$1.1M+32.4%	$831K
Current Liabilities	$1.8M+66.8%	$1.1M-3.2%	$1.1M-8.1%	$1.2M-12.2%	$1.4M+33.5%	$1.0M-3.1%	$1.1M+34.4%	$803K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$53.4M+253.2%	$15.1M+3.1%	$14.7M+5.5%	$13.9M-10.8%	$15.6M-13.0%	$17.9M-5.8%	$19.0M-5.7%	$20.1M
Retained Earnings	-$470.8M-0.7%	-$467.7M-0.4%	-$465.9M-0.2%	-$465.2M-0.5%	-$462.9M-0.6%	-$460.2M-0.4%	-$458.5M-0.4%	-$456.8M

VGZ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$6.6M-15.3%	-$5.7M+2.1%	-$5.9M+20.9%	-$7.4M+30.2%	-$10.6M-52.7%	-$7.0M
Capital Expenditures	$592K+72.1%	$344K+574.5%	$51K+920.0%	$5K-96.4%	$139K+104.4%	$68K
Free Cash Flow	-$7.2M-18.5%	-$6.1M-2.8%	-$5.9M+20.3%	-$7.4M+31.1%	-$10.8M-53.2%	-$7.0M
Investing Cash Flow	-$742K-104.8%	$15.6M+428.8%	$2.9M+2.4%	$2.9M+9.4%	$2.6M-77.4%	$11.6M
Financing Cash Flow	$4.0M+293.7%	$1.0M+17.5%	$871K+870.8%	-$113K-100.9%	$13.0M+672.4%	$1.7M
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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$2.2M-11.5%	-$2.0M-275.1%	-$526K+77.1%	-$2.3M-26.1%	-$1.8M+5.6%	-$1.9M-73.1%	-$1.1M+19.2%	-$1.4M
Capital Expenditures	N/A	$206K-38.7%	$336K+2000.0%	$16K-52.9%	$34K-81.5%	$184K+135.9%	$78K+151.6%	$31K
Free Cash Flow	N/A	-$2.2M-152.8%	-$862K+62.7%	-$2.3M-24.6%	-$1.9M+12.2%	-$2.1M-77.2%	-$1.2M+15.4%	-$1.4M
Investing Cash Flow	N/A	-$206K+38.7%	-$336K-2000.0%	-$16K+91.3%	-$184K+66.3%	-$546K+1.3%	-$553K-105.9%	$9.4M
Financing Cash Flow	$41.3M+1882.1%	$2.1M+52.3%	$1.4M+147.8%	$552K+2200.0%	$24K-94.9%	$469K+18.7%	$395K+61.9%	$244K
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	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	-49.6%-112.5pp	62.8%+195.8pp	-133.0%-83.8pp	-49.2%+57.4pp	-106.6%-109.3pp	2.6%
Return on Assets	-46.1%-105.4pp	59.3%+133.0pp	-73.7%-28.8pp	-44.9%+48.4pp	-93.2%-95.7pp	2.4%
Current Ratio	12.97-3.8	16.73+9.8	6.94-2.3	9.27+1.5	7.80-0.6	8.35
Debt-to-Equity	0.08+0.0	0.06-0.7	0.80+0.7	0.10-0.0	0.14+0.1	0.09
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	-5.9%	N/A	-4.9%+12.0pp	-17.0%+0.4pp	-17.4%	N/A	-8.6%-86.2pp	77.6%
Return on Assets	-5.7%	N/A	-4.6%+11.0pp	-15.6%+0.4pp	-15.9%	N/A	-8.2%-82.7pp	74.6%
Current Ratio	29.22+16.3	12.97+0.6	12.35+1.3	11.03+0.0	11.01-5.7	16.73-1.0	17.76-7.8	25.60
Debt-to-Equity	0.04-0.0	0.080.0	0.080.0	0.090.0	0.09+0.0	0.060.0	0.06+0.0	0.04
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 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Vista Gold Cp profitable?

No, Vista Gold Cp (VGZ) reported a net income of -$7.5M in fiscal year 2025.

What is Vista Gold Cp's EBITDA?

Vista Gold Cp (VGZ) had EBITDA of -$9.2M in fiscal year 2025, 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 -49.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Vista Gold Cp's free cash flow?

Vista Gold Cp (VGZ) generated -$7.2M in free cash flow during fiscal year 2025. This represents a -18.5% 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 -$6.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Vista Gold Cp's total assets?

Vista Gold Cp (VGZ) had $16.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Vista Gold Cp's capital expenditures?

Vista Gold Cp (VGZ) invested $592K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Vista Gold Cp have outstanding?

Vista Gold Cp (VGZ) had 127M shares outstanding as of fiscal year 2025.

What is Vista Gold Cp's current ratio?

Vista Gold Cp (VGZ) had a current ratio of 12.97 as of fiscal year 2025, 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 0.08 as of fiscal year 2025, 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 -46.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Vista Gold Cp's cash runway?

Based on fiscal year 2025 data, Vista Gold Cp (VGZ) had $13.6M in cash against an annual operating cash burn of $6.6M. This gives an estimated cash runway of approximately 25 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 Piotroski F-Score?

Vista Gold Cp (VGZ) 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 to 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 0.88x, 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.

How financially healthy is Vista Gold Cp?

Vista Gold Cp (VGZ) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.