Every 10-Q that U.S. Gold Corp. (USAU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow USAU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full USAU filings page.
U.S. Gold Corp. (USAU) reported no revenue and a larger net loss of $4.6 million for the three months ended July 31, 2026, versus $2.1 million a year earlier, driven mainly by higher professional, consulting and stock-based compensation expenses as it advances the CK Gold Project and other properties.
Cash was $27.1 million with working capital of $27.8 million, versus operating cash use of $3.5 million in the quarter, leaving the balance sheet largely debt-free but funding an exploration-stage portfolio with no operating income.
Management discloses that these losses, the pre-development status of its assets, and the need for substantial project financing for the CK Gold Project’s estimated $394 million initial capital costs raise substantial doubt about the company’s ability to continue as a going concern, despite current cash being expected to cover corporate, permitting and engineering activities for about the next twelve months.
U.S. Gold Corp. reported a larger balance sheet and cash position but continued losses for the quarter ended January 31, 2026. Cash rose to about $36.1 million from $8.2 million at April 30, 2025, driven mainly by equity issuances and warrant exercises, lifting total assets to roughly $54.8 million and stockholders’ equity to about $52.6 million.
The company generated no revenue and recorded a net loss of approximately $5.3 million for the quarter and $11.8 million for the nine months, reflecting exploration, professional, and administrative costs. Despite the cash buildup, management notes substantial doubt about its ability to continue as a going concern beyond advancing current permitting and engineering work at the CK Gold Project without securing additional funding.
U.S. Gold Corp. filed an amended quarterly report for the period ended July 31, 2025 to update its assessment of disclosure controls and procedures. Management, including the CEO and CFO, now concludes that these disclosure controls were not effective as of July 31, 2025 because the company filed an Amendment No. 1 to its Form 10-K for the year ended April 30, 2025 late, specifically for the required Part III information.
The company states that this issue did not affect its financial statements, and there is no change to its conclusion about internal control over financial reporting for the quarter. As part of a remediation plan, the company intends to formalize processes for identifying SEC filing deadlines, enhance disclosure controls around deadline compliance, and expand training for personnel involved in preparing and filing Exchange Act reports. The amendment also adds updated CEO and CFO certifications and related exhibits, while leaving all other disclosures from the original report unchanged.
U.S. Gold Corp. reports preliminary quarterly disclosures showing cash and financing activity but continuing losses that raise going-concern uncertainty. The company held approximately $11.1 million and $7.9 million in bank balances at July 31, 2025 and April 30, 2025 respectively, and recorded a working capital of about $11.3 million. For the three months ended July 31, 2025, the company reported a net loss of approximately $2.1 million and cash used in operations of approximately $3.3 million.
The company completed warrant exercises that generated proceeds (including cash exercises of 870,000 warrants for approximately $5.36 million and other exercises totaling several hundred thousand dollars) and reclassified a warrant liability into additional paid-in capital after exercises. Significant warrant instruments were previously classified as liabilities and remeasured at fair value. Lease amendments and adjustments to right-of-use assets were recorded, and management states substantial doubt exists about the ability to continue as a going concern without additional financing.