Versamet Royalties Corporation (VMET) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VMET SEC filings page.
Versamet Royalties Corporation (VMET) reported $34.8M in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (20-F and 6-K reports).
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Versamet Royalties Corporation'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.
Versamet Royalties Corporation's reported operating margin for fiscal year 2025 is above the highest share of revenue this page publishes, so the figure is not shown here. This dimension scores 99/100.
Not available for Versamet Royalties Corporation, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Versamet Royalties Corporation's current ratio of 0.74 is below the typical benchmark, resulting in a score of 9/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Versamet Royalties Corporation's reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 1/100.
Versamet Royalties Corporation earns a strong 8.7% return on equity (ROE), meaning it generates $9 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100.
Versamet Royalties Corporation scores 3.43, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $927.2M against total liabilities of $184.1M. 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.
For every $1 of reported earnings, Versamet Royalties Corporation generates $0.83 in operating cash flow ($16.9M OCF vs $20.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Versamet Royalties Corporation earns $3.19 in operating income for every $1 of interest expense ($38.8M vs $12.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Versamet Royalties Corporation generated $34.8M in revenue in fiscal year 2025.
Versamet Royalties Corporation reported $20.3M in net income in fiscal year 2025.
Versamet Royalties Corporation earned $0.21 per diluted share (EPS) in fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Versamet Royalties Corporation recorded an outflow of $142.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex.
Versamet Royalties Corporation held $3.7M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Versamet Royalties Corporation's gross margin was 38.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Versamet Royalties Corporation's net profit margin was 58.5% in fiscal year 2025, showing the share of revenue converted to profit.
Versamet Royalties Corporation's ROE was 8.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Not shown for fiscal year 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Versamet Royalties Corporation invested $159.5M in capex in fiscal year 2025, funding long-term assets and infrastructure.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
VMET Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F |
|---|---|
| Revenue | $34.8M |
| Gross Profit | $13.5M |
| Operating Income | $38.8M |
| Interest Expense | $12.2M |
| Income Tax | $9.3M |
| Net Income | $20.3M |
| EPS (Basic) | $0.22 |
| EPS (Diluted) | $0.21 |
| Diluted Shares (Avg) | 96M |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, SG&A Expenses, EBITDA.
VMET Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F |
|---|---|
| Total Assets | $418.0M |
| Current Assets | $24.2M |
| Cash & Equivalents | $3.7M |
| Total Liabilities | $184.1M |
| Current Liabilities | $32.9M |
| Non-Current Liabilities | $151.2M |
| Total Equity | $234.0M |
| Retained Earnings | $12.4M |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Long-Term Debt.
VMET Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F |
|---|---|
| Operating Cash Flow | $16.9M |
| Capital Expenditures | $159.5M |
| Free Cash Flow | -$142.5M |
| Investing Cash Flow | -$159.5M |
| Financing Cash Flow | $144.8M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.
VMET Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F |
|---|---|
| Gross Margin | 38.8% |
| Operating Margin | 111.5% |
| Net Margin | 58.5% |
| Return on Equity | 8.7% |
| Return on Assets | 4.9% |
| Current Ratio | 0.74 |
| Liabilities-to-Equity | 0.79 |
| Asset Turnover | 0.08 |
| FCF Margin | -410.0% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.74), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Versamet Royalties Corporation VMET | FY2025 | $34.8M | $20.3M | 58.5% | $927.2M | 45/100 |
| McEwen Inc. MUX | FY2025 | $197.6M | $34.4M | 17.4% | $782.9M | 37/100 |
| Solaris Resources Inc. SLSR | FY2025 | N/A | -$42.2M | N/A | $1.2B | — |
| Avino Silver & Gold Mines Ltd. (Canada) ASM | FY2025 | $92.2M | $26.6M | 28.9% | $778.5M | 67/100 |
| Metalla Royalty & Streaming Ltd. MTA | FY2025 | $11.7M | -$4.2M | -36.1% | $720.9M | 80/100 |
| Americas Gold and Silver Corporation USAS | FY2025 | $117.9M | -$87.4M | -74.2% | $1.0B | 33/100 |
Where Versamet Royalties Corporation Ranks
Frequently Asked Questions
Versamet Royalties Corporation (VMET) reported $34.8M 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.
Yes, Versamet Royalties Corporation (VMET) reported a net income of $20.3M in fiscal year 2025, with a net profit margin of 58.5%.
Versamet Royalties Corporation (VMET) had a gross margin of 38.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Versamet Royalties Corporation (VMET) had a net profit margin of 58.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Versamet Royalties Corporation (VMET) has a return on equity of 8.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Versamet Royalties Corporation (VMET) recorded an outflow of $142.5M in free cash flow during fiscal year 2025. 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.
Versamet Royalties Corporation (VMET) generated $16.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Versamet Royalties Corporation (VMET) had $418.0M in total assets as of fiscal year 2025, including both current and long-term assets.
Versamet Royalties Corporation (VMET) invested $159.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Versamet Royalties Corporation (VMET) had a current ratio of 0.74 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Versamet Royalties Corporation (VMET) had a liabilities-to-equity ratio of 0.79 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Versamet Royalties Corporation (VMET) had a return on assets of 4.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Versamet Royalties Corporation (VMET) trades at 45.6x earnings, its market capitalization divided by $20.3M net income, FY2025. The market capitalization is $927.2M as of Nov 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Versamet Royalties Corporation (VMET) trades at 26.7x sales, its market capitalization divided by $34.8M revenue, FY2025. The market capitalization is $927.2M as of Nov 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Versamet Royalties Corporation (VMET) has an Altman Z-Score of 3.43, 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.
Versamet Royalties Corporation (VMET) has an earnings quality ratio of 0.83x, considered mixed quality. 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.
Versamet Royalties Corporation (VMET) has an interest coverage ratio of 3.19x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Versamet Royalties Corporation (VMET) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Versamet Royalties Corporation it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.