NASDAQ : ELE
Elemental Royalty Corporation — Financial statements
Materials · Other Precious Metals & Mining · Canada
Last price 14.48 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 933.75M
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Financial statements
Elemental Royalty Corporation (ELE) reported revenue of 71.02M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 71.02M | 43.64M | 16.32M | 11.34M | 8.96M | 6.61M |
| Other Revenue | 409.00K | 677.00K | ||||
| Revenue | 71.02M | 43.64M | 16.32M | 11.74M | 9.64M | 6.61M |
| Cost of Revenue | 3.58M | 1.06M | 575.00K | 316.00K | 435.00K | |
| Gross Profit | 67.44M | 42.59M | 16.32M | 11.17M | 9.32M | 6.18M |
| Selling, General & Admin | 23.81M | 16.47M | 7.40M | 7.21M | 3.22M | 2.97M |
| Operating Expenses | 52.79M | 35.24M | 16.00M | 14.36M | 12.70M | 6.49M |
| Operating Income | 14.65M | 7.35M | 321.00K | -3.19M | -3.38M | -317.00K |
| Interest Expense | -803.00K | -478.00K | -2.03M | -2.65M | -4.47M | -3.02M |
| Interest & Investment Income | 1.28M | 731.00K | 198.00K | 106.00K | 23.00K | 15.00K |
| Earnings From Equity Investments | 1.14M | 2.20M | 2.04M | 2.16M | 74.00K | |
| Currency Exchange Gain (Loss) | -173.00K | -23.00K | -54.00K | 1.00K | -281.00K | -36.00K |
| Other Non Operating Income (Expenses) | -156.00K | 604.00K | 427.00K | -8.00K | ||
| EBT Excluding Unusual Items | 15.95M | 9.78M | 1.08M | -3.15M | -8.04M | -3.36M |
| Merger & Restructuring Charges | -5.61M | |||||
| Gain (Loss) on Sale of Investments | -673.00K | 769.00K | -5.00K | 106.00K | -194.00K | |
| Gain (Loss) on Sale of Assets | -689.00K | -2.25M | 373.00K | 1.58M | ||
| Asset Writedown | -2.69M | -2.02M | -436.00K | -292.00K | -4.48M | |
| Pretax Income | 11.89M | 6.28M | 1.01M | -1.75M | -18.33M | -3.36M |
| Income Tax Expense | 9.04M | 4.51M | 1.32M | 1.29M | -121.00K | 1.36M |
| Earnings From Continuing Operations | 2.85M | 1.77M | -312.00K | -3.04M | -18.21M | -4.73M |
| Earnings From Discontinued Operations | -52.00K | -860.00K | ||||
| Net Income | 2.85M | 1.77M | -364.00K | -3.90M | -18.21M | -4.73M |
| Net Income to Common | 2.85M | 1.77M | -364.00K | -3.90M | -18.21M | -4.73M |
| Shares Outstanding (Basic) | 49.80M | 29.98M | 20.43M | 18.68M | 10.49M | 6.64M |
| Shares Outstanding (Diluted) | 52.44M | 31.60M | 20.43M | 18.68M | 10.49M | 6.64M |
| EPS (Basic) | 0.06 | 0.06 | -0.02 | -0.21 | -1.74 | -0.71 |
| EPS (Diluted) | 0.05 | 0.06 | -0.02 | -0.21 | -1.74 | -0.71 |
| Free Cash Flow | 44.24M | 29.81M | 4.82M | 285.00K | -13.39M | 1.12M |
| Free Cash Flow Per Share | 0.84 | 0.94 | 0.24 | 0.01 | -1.28 | 0.17 |
| Gross Margin | 94.97% | 97.58% | 100.00% | 95.10% | 96.72% | 93.42% |
| Operating Margin | 20.63% | 16.84% | 1.97% | -27.16% | -35.01% | -4.79% |
| Profit Margin | 4.01% | 4.06% | -2.23% | -33.22% | -188.93% | -71.49% |
| Free Cash Flow Margin | 62.29% | 68.30% | 29.50% | 2.43% | -138.92% | 16.93% |
| EBITDA | 38.90M | 23.71M | 7.54M | 3.71M | 2.07M | 2.57M |
| EBITDA Margin | 54.77% | 54.32% | 46.19% | 31.60% | 21.48% | 38.83% |
| D&A For EBITDA | 24.24M | 16.36M | 7.22M | 6.90M | 5.45M | 2.88M |
| EBIT | 14.65M | 7.35M | 321.00K | -3.19M | -3.38M | -317.00K |
| EBIT Margin | 20.63% | 16.84% | 1.97% | -27.16% | -35.01% | -4.79% |
| Effective Tax Rate | 76.07% | 71.78% | 130.92% | |||
| Revenue as Reported | 11.74M | 9.64M | 6.61M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 74.22M | 53.14M | 4.45M | 11.29M | 17.48M | 6.11M |
| Short-Term Investments | 16.05M | 16.11M | ||||
| Cash & Short-Term Investments | 90.27M | 69.26M | 4.45M | 11.29M | 17.48M | 6.11M |
| Accounts Receivable | 27.49M | 25.15M | 16.63M | 6.03M | 2.13M | 2.04M |
| Other Receivables | 1.06M | 405.00K | ||||
| Receivables | 27.49M | 25.15M | 16.63M | 7.09M | 2.53M | 2.04M |
| Prepaid Expenses | 107.00K | 359.00K | 335.00K | |||
| Other Current Assets | 303.00K | 19.86M | ||||
| Total Current Assets | 117.76M | 94.41M | 21.09M | 18.78M | 40.23M | 8.49M |
| Property, Plant & Equipment | 2.54M | 1.14M | 2.95M | |||
| Long-Term Investments | 798.41M | 809.72M | 179.05M | 156.61M | 142.75M | 68.01M |
| Long-Term Accounts Receivable | 3.63M | 2.04M | 4.03M | 13.53M | ||
| Total Assets | 922.34M | 907.32M | 204.17M | 188.92M | 185.93M | 76.50M |
| Accounts Payable | 8.15M | 2.21M | 737.00K | 75.00K | 1.17M | 378.00K |
| Accrued Expenses | 1.68M | 981.00K | 1.46M | 981.00K | 958.00K | |
| Current Portion of Leases | 489.00K | |||||
| Current Income Taxes Payable | 2.01M | 1.90M | ||||
| Other Current Liabilities | 11.31M | 8.07M | 1.63M | 460.00K | 5.25M | 106.00K |
| Total Current Liabilities | 21.48M | 14.35M | 3.35M | 1.99M | 7.39M | 1.44M |
| Long-Term Debt | 2.69M | 30.00M | 30.00M | 24.43M | ||
| Long-Term Leases | 38.00K | |||||
| Long-Term Deferred Tax Liabilities | 114.23M | 112.55M | 1.75M | 1.73M | 2.07M | 153.00K |
| Total Liabilities | 135.71M | 126.90M | 7.78M | 33.72M | 39.50M | 26.02M |
| Common Stock | 794.65M | 787.68M | 217.45M | 177.42M | 165.04M | 56.44M |
| Additional Paid-In Capital | 16.31M | 17.48M | 6.54M | 5.66M | 6.99M | 1.72M |
| Retained Earnings | -25.41M | -26.25M | -29.02M | -29.17M | -25.94M | -7.73M |
| Comprehensive Income & Other | 1.08M | 1.50M | 1.42M | 1.28M | 340.00K | 43.00K |
| Shareholders' Equity | 786.63M | 780.41M | 196.38M | 155.20M | 146.43M | 50.47M |
| Total Liabilities & Equity | 922.34M | 907.32M | 204.17M | 188.92M | 185.93M | 76.50M |
| Total Debt | 489.00K | 2.69M | 30.00M | 30.04M | 24.43M | |
| Net Cash (Debt) | 90.27M | 68.77M | 1.77M | -18.71M | -12.56M | -18.32M |
| Net Cash Per Share | 1.72 | 2.18 | 0.09 | -1.00 | -1.20 | -2.76 |
| Filing Date Shares Outstanding | 64.31M | 64.23M | 24.58M | 19.60M | 18.25M | 6.90M |
| Total Common Shares Outstanding | 64.32M | 63.83M | 24.58M | 19.60M | 18.09M | 6.90M |
| Working Capital | 96.28M | 80.06M | 17.74M | 16.79M | 32.84M | 7.05M |
| Book Value Per Share | 12.23 | 12.23 | 7.99 | 7.92 | 8.09 | 7.32 |
| Tangible Book Value | 786.63M | 780.41M | 196.38M | 155.20M | 146.43M | 50.47M |
| Tangible Book Value Per Share | 12.23 | 12.23 | 7.99 | 7.92 | 8.09 | 7.32 |
| Machinery | 193.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.85M | 1.77M | -364.00K | -3.90M | -18.21M | -4.73M |
| Depreciation & Amortization | 24.24M | 16.36M | 7.22M | 6.90M | 5.45M | 2.88M |
| Loss (Gain) From Sale of Assets | 2.25M | 2.25M | -373.00K | -1.53M | ||
| Asset Writedown & Restructuring Costs | 2.69M | 2.02M | 436.00K | 292.00K | 4.48M | |
| Loss (Gain) From Sale of Investments | 673.00K | -769.00K | 5.00K | -106.00K | 194.00K | |
| Loss (Gain) on Equity Investments | -2.20M | -2.20M | -2.04M | -2.16M | -74.00K | |
| Stock-Based Compensation | 4.89M | 2.44M | 1.39M | 243.00K | 4.07M | 638.00K |
| Provision & Write-off of Bad Debts | 1.49M | 1.49M | ||||
| Other Operating Activities | 687.00K | 1.29M | 1.56M | 2.78M | 3.29M | 3.02M |
| Change in Accounts Receivable | 2.76M | 5.60M | -2.54M | 146.00K | 146.00K | -1.16M |
| Change in Accounts Payable | 4.91M | 568.00K | -479.00K | -671.00K | -65.00K | 460.00K |
| Operating Cash Flow | 45.24M | 30.81M | 4.82M | 1.99M | -723.00K | 1.12M |
| Capital Expenditures | -1.00M | -1.00M | -1.71M | -12.67M | ||
| Sale of Property, Plant & Equipment | 1.91M | 1.91M | 283.00K | 63.00K | ||
| Cash Acquisitions | 3.10M | 3.10M | 7.88M | |||
| Divestitures | 50.00K | 479.00K | ||||
| Sale (Purchase) of Intangibles | -75.88M | -68.70M | -3.24M | -3.86M | -40.14M | |
| Investment in Securities | 1.60M | 8.36M | 7.42M | -463.00K | 1.34M | |
| Other Investing Activities | -1.46M | 9.00K | 15.00K | |||
| Investing Cash Flow | -71.73M | -56.33M | 4.51M | -5.55M | -3.39M | -40.12M |
| Long-Term Debt Issued | 10.00K | 3.92M | 24.83M | |||
| Total Debt Issued | 10.00K | 10.00K | 3.92M | 24.83M | ||
| Long-Term Debt Repaid | -28.00M | -27.00M | -31.00K | -11.00K | ||
| Lease Payments | -11.00K | |||||
| Total Debt Repaid | -25.06M | -28.00M | -27.00M | -31.00K | -11.00K | |
| Net Debt Issued (Repaid) | -25.05M | -27.99M | -27.00M | -31.00K | 3.91M | 24.83M |
| Issuance of Common Stock | 106.97M | 102.67M | 12.76M | 14.93M | 12.67M | |
| Common Dividends Paid | -1.93M | |||||
| Dividends Paid | -1.93M | |||||
| Other Financing Activities | -1.24M | -128.00K | -1.87M | -2.60M | -3.08M | -3.30M |
| Financing Cash Flow | 76.76M | 74.56M | -16.11M | -2.63M | 15.76M | 34.20M |
| Foreign Exchange Rate Adjustments | -498.00K | -353.00K | -54.00K | 1.00K | -281.00K | -12.00K |
| Net Cash Flow | 49.77M | 48.69M | -6.83M | -6.19M | 11.37M | -4.81M |
| Free Cash Flow | 44.24M | 29.81M | 4.82M | 285.00K | -13.39M | 1.12M |
| Free Cash Flow Margin | 62.29% | 68.30% | 29.50% | 2.43% | -138.92% | 16.93% |
| Free Cash Flow Per Share | 0.84 | 0.94 | 0.24 | 0.01 | -1.28 | 0.17 |
| Levered Free Cash Flow | -37.85M | -44.62M | -3.48M | 7.78M | -22.49M | -39.56M |
| Unlevered Free Cash Flow | -37.35M | -44.33M | -2.21M | 9.44M | -19.69M | -37.67M |
| Free Cash Flow After Leases | 44.24M | 29.81M | 4.82M | 285.00K | -13.40M | 1.12M |
| Cash Interest Paid | 420.00K | 408.00K | 1.98M | 2.65M | ||
| Cash Income Tax Paid | 7.97M | 3.20M | 1.27M | 1.63M | ||
| Change in Working Capital | 7.67M | 6.17M | -3.02M | -525.00K | 81.00K | -701.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 947.29M | 1.08B | 196.43M | 163.25M | 175.08M | 90.50M |
| Enterprise Value | 855.41M | 1.07B | 209.40M | 184.90M | 213.31M | 109.19M |
| Last Close Price | 14.48 | 16.88 | 7.89 | 8.21 | 9.70 | 12.98 |
| PE Ratio | 267.52 | 609.72 | ||||
| PS Ratio | 13.15 | 24.76 | 12.03 | 13.90 | 18.16 | 13.69 |
| PB Ratio | 1.19 | 1.38 | 1.00 | 1.05 | 1.20 | 1.79 |
| P/TBV Ratio | 1.19 | 1.38 | 1.00 | 1.05 | 1.20 | 1.79 |
| P/FCF Ratio | 21.11 | 36.25 | 40.79 | 572.80 | 80.88 | |
| P/OCF Ratio | 20.64 | 35.07 | 40.79 | 81.91 | 80.88 | |
| EV/Sales Ratio | 11.85 | 24.42 | 12.83 | 15.74 | 22.13 | 16.52 |
| EV/EBITDA Ratio | 21.64 | 44.95 | 27.78 | 49.83 | 103.05 | 42.54 |
| EV/EBIT Ratio | 57.45 | 145.03 | 652.34 | |||
| EV/FCF Ratio | 19.03 | 35.75 | 43.48 | 648.78 | 97.58 | |
| Debt / Equity Ratio | 0.00 | 0.01 | 0.19 | 0.20 | 0.48 | |
| Debt / EBITDA Ratio | 0.02 | 0.36 | 8.08 | 14.51 | 9.52 | |
| Debt / FCF Ratio | 0.02 | 0.56 | 105.26 | 21.83 | ||
| Net Debt / Equity Ratio | -0.12 | -0.09 | -0.01 | 0.12 | 0.09 | 0.36 |
| Net Debt / EBITDA Ratio | -2.32 | -2.90 | -0.23 | 5.04 | 6.07 | 7.14 |
| Net Debt / FCF Ratio | -2.04 | -2.31 | -0.37 | 65.66 | -0.94 | 16.37 |
| Asset Turnover | 0.13 | 0.08 | 0.08 | 0.06 | 0.07 | 0.13 |
| Quick Ratio | 5.48 | 6.58 | 6.30 | 9.22 | 2.71 | 5.65 |
| Current Ratio | 5.48 | 6.58 | 6.30 | 9.43 | 5.44 | 5.89 |
| Return on Equity (ROE) | 0.58% | 0.36% | -0.18% | -2.02% | -18.50% | -12.21% |
| Return on Assets (ROA) | 1.62% | 0.83% | 0.10% | -1.06% | -1.61% | -0.38% |
| Return on Invested Capital (ROIC) | 0.50% | 0.46% | -0.05% | -1.92% | -2.96% | -0.75% |
| Return on Capital Employed (ROCE) | 1.60% | 0.80% | 0.20% | -1.70% | -1.90% | -0.40% |
| Earnings Yield | 0.37% | 0.16% | -0.18% | -2.39% | -10.40% | -5.22% |
| FCF Yield | 4.74% | 2.76% | 2.45% | 0.18% | -7.65% | 1.24% |
| Buyback Yield / Dilution | -127.96% | -54.66% | -9.34% | -78.05% | -57.94% | -110.59% |