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

FY2025 annual

Revenue $0 YoY not available

Net Income -$7.5M -166.7% YoY

EPS (Diluted) -$0.06 -166.7% YoY

Free Cash Flow -$7.2M -18.5% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 29, 2026 Currency USD FYE December

Vista Gold Cp (VGZ) reported $0 in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 2026-08-29

Vista Gold's dominant mechanic is a pre-revenue development model funded by external capital rather than operating sales.

FY2024's $11.2M net income coincided with -$5.7M operating cash flow, so reported profitability did not convert into operating cash. FY2025 then paired a -$7.5M net loss with -$6.6M operating cash flow, reinforcing that financial results are not being driven by sales activity.

FY2025's liquidity and leverage posture was light: a 13.0x current ratio and 0.1x debt-to-equity indicate limited balance-sheet pressure from creditors. Reported liquidity equaled 24.7 months of FY2025 operating outflow, while financing cash flow was $4.0M, pointing to external funding as the financial support mechanism.

FY2025 capital expenditures were $592K against free cash flow of -$7.2M, so the cash deficit was driven mainly by ongoing operating costs rather than heavy reinvestment. Liabilities of $1.2M against equity of $15.1M show that recurring funding needs, not debt service, dominate the balance-sheet story.

Financial Health Signals

Financial health score not available

Vista Gold Cp 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.

Altman Z-Score Safe

124.85

Vista Gold Cp scores 124.85, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($322.6M) relative to total liabilities ($1.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

1/7

Vista Gold Cp passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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 No Cash Backing

N/A

Vista Gold Cp reported a net loss of $7.5M while operations used $6.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

Export CSV

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 recorded an outflow of $7.2M in free cash flow in fiscal year 2025, representing a cash shortfall 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 as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding

145M

YoY+17.1%

5Y CAGR+7.0%

10Y CAGR+5.7%

Vista Gold Cp had 145M shares outstanding in fiscal year 2025. This represents an increase of 17.1% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

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.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Net Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures

$592K

YoY+72.1%

5Y CAGR+54.2%

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.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

VGZ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

VGZ quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	N/A	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	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	$4.8M-30.7%	$6.9M	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	-$4.8M+30.7%	-$6.9M	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$3.6M-1.4%	$3.7M+4.5%	$3.5M-7.0%	$3.8M-4.5%	$3.9M+4.4%	$3.8M-4.1%	$3.9M-3.2%	$4.1M+15.5%	$3.5M+19.8%	$2.9M-24.3%	$3.9M+2.4%	$3.8M-31.3%	$5.5M-31.7%	$8.1M+27.0%	$6.4M
Operating Income	N/A	-$9.3M-188.2%	$10.5M+255.8%	-$6.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$14.2M+35.8%	-$22.1M+34.0%	-$33.5M-168.1%	$49.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$78K-85.7%	$547K	N/A	$120K
Income Tax	N/A	N/A	$0	$0	$0	$0	$0	$0	N/A	N/A	N/A	N/A	N/A	-$15.4M+23.7%	-$20.1M-156.7%	$35.5M
Net Income	N/A	-$7.5M-166.7%	$11.2M+270.8%	-$6.6M-33.5%	-$4.9M+67.6%	-$15.2M-3727.9%	$420K+104.5%	-$9.4M-7.7%	-$8.7M+27.6%	-$12.0M-284.1%	-$3.1M-409.9%	$1.0M+105.3%	-$18.9M+68.2%	-$59.5M+15.8%	-$70.7M-237.1%	$51.5M
EPS (Diluted)	-$0.06	-$0.06-166.7%	$0.09+280.0%	-$0.05-25.0%	-$0.04+71.4%	-$0.14	$0.00+100.0%	-$0.090.0%	-$0.09+25.0%	-$0.12-200.0%	-$0.04-500.0%	$0.01+104.3%	-$0.23+68.5%	-$0.73+23.2%	-$0.95-228.4%	$0.74

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$0	$0	N/A	$0	$0	$0	N/A	$0
SG&A Expenses	$846K-48.1%	$1.6M	N/A	$846K+24.8%	$678K-47.8%	$1.3M	N/A	$738K
Operating Income	-$3.4M-2.9%	-$3.3M	N/A	-$2.1M+15.3%	-$2.5M+13.1%	-$2.9M	N/A	-$1.8M
Net Income	-$3.0M+6.0%	-$3.1M	N/A	-$723K+69.3%	-$2.4M+13.0%	-$2.7M	N/A	-$1.6M
EPS (Diluted)	-$0.020.0%	-$0.02-100.0%	-$0.010.0%	-$0.01	-$0.020.0%	-$0.02-100.0%	-$0.010.0%	-$0.01

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense, Income Tax.

VGZ Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

VGZ quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$16.3M-14.2%	$19.0M+112.4%	$8.9M-18.7%	$11.0M-32.8%	$16.3M-5.1%	$17.2M+3.3%	$16.7M-24.6%	$22.1M-28.9%	$31.1M-25.2%	$41.6M+49.3%	$27.9M+6.7%	$26.1M-50.8%	$53.1M-60.1%	$133.1M-26.3%	$180.6M
Current Assets	$14.1M-19.2%	$17.5M+168.7%	$6.5M-24.7%	$8.6M-38.0%	$14.0M+48.3%	$9.4M+6.6%	$8.8M-37.3%	$14.1M-33.4%	$21.1M-28.5%	$29.5M+94.2%	$15.2M+33.8%	$11.4M+15.4%	$9.8M-89.2%	$91.4M+353.3%	$20.2M
Cash & Equivalents	$13.6M-19.6%	$16.9M+179.3%	$6.1M-25.2%	$8.1M-36.4%	$12.8M+64.4%	$7.8M+451.3%	$1.4M+31.5%	$1.1M-25.2%	$1.4M-24.8%	$1.9M+111.1%	$902K-75.7%	$3.7M-32.2%	$5.5M-70.1%	$18.3M+2.3%	$17.9M
Total Liabilities	$1.2M+9.3%	$1.1M-73.2%	$4.0M+316.2%	$957K-53.3%	$2.0M+48.6%	$1.4M-65.8%	$4.0M+363.1%	$872K-57.6%	$2.1M+90.0%	$1.1M+34.9%	$803K-2.9%	$827K-91.8%	$10.1M-68.2%	$31.7M-19.4%	$39.4M
Current Liabilities	$1.1M+4.3%	$1.0M+11.4%	$939K+0.6%	$933K-47.8%	$1.8M+58.8%	$1.1M+5.2%	$1.1M+22.7%	$872K-57.6%	$2.1M+90.0%	$1.1M+34.9%	$803K-2.9%	$827K-32.3%	$1.2M-96.1%	$31.1M+864.5%	$3.2M
Total Equity	$15.1M-15.6%	$17.9M+261.7%	$5.0M-50.6%	$10.0M-29.8%	$14.3M-9.8%	$15.9M+25.3%	$12.6M-40.5%	$21.3M-26.9%	$29.1M-28.2%	$40.5M+49.7%	$27.1M+7.0%	$25.3M-41.2%	$43.0M-57.6%	$101.3M-28.2%	$141.2M
Retained Earnings	-$467.7M-1.6%	-$460.2M+2.4%	-$471.4M-1.4%	-$464.8M-1.1%	-$459.9M-3.4%	-$444.6M+0.1%	-$445.1M-2.2%	-$435.7M-2.0%	-$427.0M-2.9%	-$414.9M-0.8%	-$411.8M+0.2%	-$412.8M-4.8%	-$393.9M-17.8%	-$334.4M	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$52.3M-5.3%	$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
Current Assets	$50.0M-6.0%	$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
Cash & Equivalents	$49.5M-6.1%	$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
Total Liabilities	$1.6M-18.4%	$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
Current Liabilities	$1.5M-19.7%	$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
Total Equity	$50.8M-4.9%	$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
Retained Earnings	-$473.8M-0.6%	-$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

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

VGZ Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

VGZ quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	-$7.2M	-$6.6M-15.3%	-$5.7M+2.1%	-$5.9M+20.9%	-$7.4M+30.2%	-$10.6M-52.7%	-$7.0M+1.4%	-$7.1M+17.7%	-$8.6M+2.7%	-$8.8M-75.2%	-$5.0M-267.0%	$3.0M+142.6%	-$7.1M+71.2%	-$24.5M+18.7%	-$30.2M-20.7%	-$25.0M
Capital Expenditures	N/A	$592K+72.1%	$344K+574.5%	$51K+920.0%	$5K-96.4%	$139K+104.4%	$68K+70.0%	$40K-36.5%	$63K	N/A	$37K-72.4%	$134K+1814.3%	$7K	N/A	N/A	N/A
Free Cash Flow	N/A	-$7.2M-18.5%	-$6.1M-2.8%	-$5.9M+20.3%	-$7.4M+31.1%	-$10.8M-53.2%	-$7.0M+1.0%	-$7.1M+17.8%	-$8.6M	N/A	-$5.1M-276.0%	$2.9M+140.7%	-$7.1M	N/A	N/A	N/A
Investing Cash Flow	N/A	-$742K-104.8%	$15.6M+428.8%	$2.9M+2.4%	$2.9M+9.4%	$2.6M-77.4%	$11.6M+57.6%	$7.4M-11.2%	$8.3M-3.4%	$8.6M+187.0%	-$9.9M-69.6%	-$5.8M-150.0%	$11.6M+131.0%	$5.0M+31.3%	$3.8M+194.9%	-$4.0M
Financing Cash Flow	$44.4M	$4.0M+293.7%	$1.0M+17.5%	$871K+870.8%	-$113K-100.9%	$13.0M+672.4%	$1.7M+12830.8%	$13K+113.4%	-$97K+63.3%	-$264K-101.7%	$15.9M	N/A	-$6.3M-195.2%	$6.7M-75.1%	$26.7M+278.0%	$7.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$2.5M-14.6%	-$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
Capital Expenditures	N/A	N/A	$206K-38.7%	$336K+2000.0%	$16K-52.9%	$34K-81.5%	$184K+135.9%	$78K
Free Cash Flow	N/A	N/A	-$2.2M-152.8%	-$862K+62.7%	-$2.3M-24.6%	-$1.9M+12.2%	-$2.1M-77.2%	-$1.2M
Investing Cash Flow	N/A	N/A	-$206K+38.7%	-$336K-2000.0%	-$16K+91.3%	-$184K+66.3%	-$546K+1.3%	-$553K
Financing Cash Flow	-$349K-100.8%	$41.3M+1882.1%	$2.1M+52.3%	$1.4M+147.8%	$552K+2200.0%	$24K-94.9%	$469K+18.7%	$395K

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

VGZ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

VGZ quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
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%+76.9pp	-74.2%-33.2pp	-41.0%+0.4pp	-41.4%-33.7pp	-7.7%-11.5pp	3.7%+78.6pp	-74.9%+63.4pp	-138.3%-68.6pp	-69.7%-106.2pp	36.5%
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%+58.7pp	-56.3%-16.9pp	-39.4%-0.7pp	-38.6%-31.1pp	-7.5%-11.2pp	3.6%+76.1pp	-72.5%+39.6pp	-112.0%-58.9pp	-53.1%-81.6pp	28.5%
Current Ratio	12.97-3.8x	16.73+9.8x	6.94-2.3x	9.27+1.5x	7.80-0.6x	8.35+0.1x	8.25-7.9x	16.14+5.9x	10.26-17.0x	27.26+8.3x	18.93+5.2x	13.74+5.7x	8.06+5.1x	2.94-3.3x	6.26
Debt-to-Equity	0.080.0x	0.06-0.7x	0.80+0.7x	0.100.0x	0.14+0.1x	0.09-0.2x	0.32+0.3x	0.040.0x	0.070.0x	0.030.0x	0.030.0x	0.03-0.2x	0.23-0.1x	0.310.0x	0.28

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Return on Equity	-5.8%+0.1pp	-5.9%	N/A	-4.9%+12.0pp	-17.0%+0.4pp	-17.4%	N/A	-8.6%
Return on Assets	-5.7%0.0pp	-5.7%	N/A	-4.6%+11.0pp	-15.6%+0.4pp	-15.9%	N/A	-8.2%
Current Ratio	34.21+5.0x	29.22+16.3x	12.97+0.6x	12.35+1.3x	11.030.0x	11.01-5.7x	16.73-1.0x	17.76
Debt-to-Equity	0.030.0x	0.040.0x	0.080.0x	0.080.0x	0.090.0x	0.090.0x	0.060.0x	0.06

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.

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Where Vista Gold Cp Ranks

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) recorded an outflow of $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) recorded an outflow of $6.6M in operating cash flow during fiscal year 2025, representing cash used by 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 145M 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.

How does Vista Gold Cp's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Vista Gold Cp (VGZ) held $13.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $6.6M over that year. Dividing the one by the other, the reported balance equals about 25 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Vista Gold Cp's Altman Z-Score?

Vista Gold Cp (VGZ) has an Altman Z-Score of 124.85, 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 1 out of 7 computable signals; 2 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 Vista Gold Cp's earnings high quality?

Vista Gold Cp (VGZ) reported a net loss of $7.5M while operations used $6.6M 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.