NASDAQ : PHOS
First Phosphate Corp. — Financial statements
Materials · Agricultural Inputs · Canada
Last price 12.68 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 239.68M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year March - February; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 8.50M | 3.88M | 1.46M | 2.81M | 1.38M | 54.74K |
| Research & Development | 1.89M | 998.34K | 471.27K | 433.80K | ||
| Operating Expenses | 42.34M | 24.42M | 8.37M | 8.41M | 3.11M | 54.74K |
| Operating Income | -42.34M | -24.42M | -8.37M | -8.41M | -3.11M | -54.74K |
| Interest Expense | -25.93K | -333.33K | -399.10K | -66.52K | ||
| Interest & Investment Income | 473.22K | 256.50K | 136.79K | 57.71K | ||
| Currency Exchange Gain (Loss) | 3.41K | 2.15K | 9.52K | -4.16K | ||
| Other Non Operating Income (Expenses) | 2.70M | 1.05M | 966.74K | 198.48K | -84.49K | -9.78K |
| EBT Excluding Unusual Items | -39.19M | -23.44M | -7.65M | -8.23M | -3.20M | -64.52K |
| Gain (Loss) on Sale of Investments | 25.67K | 45.77K | ||||
| Asset Writedown | -109.33K | |||||
| Other Unusual Items | 6.88K | |||||
| Pretax Income | -39.19M | -23.44M | -7.63M | -8.29M | -3.19M | -64.52K |
| Net Income | -39.19M | -23.44M | -7.63M | -8.29M | -3.19M | -64.52K |
| Net Income to Common | -39.19M | -23.44M | -7.63M | -8.29M | -3.19M | -64.52K |
| Shares Outstanding (Basic) | 155.94M | 114.28M | 77.53M | 55.24M | 25.37M | 598.72K |
| Shares Outstanding (Diluted) | 155.94M | 114.28M | 77.53M | 55.24M | 25.37M | 598.72K |
| EPS (Basic) | -0.25 | -0.21 | -0.10 | -0.15 | -0.13 | -0.11 |
| EPS (Diluted) | -0.25 | -0.21 | -0.10 | -0.15 | -0.13 | -0.11 |
| Free Cash Flow | -36.94M | -21.24M | -8.32M | -3.70M | -5.18M | -26.18K |
| Free Cash Flow Per Share | -0.24 | -0.19 | -0.11 | -0.07 | -0.20 | -0.04 |
| EBITDA | -24.41M | |||||
| D&A For EBITDA | 13.48K | |||||
| EBIT | -42.34M | -24.42M | -8.37M | -8.41M | -3.11M | -54.74K |
Balance sheet
Fiscal year March - February; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 19.95M | 20.19M | 1.87M | 7.50M | 1.18M | |
| Cash & Short-Term Investments | 19.95M | 20.19M | 1.87M | 7.50M | 1.18M | |
| Other Receivables | 5.07M | 3.45M | 1.29M | 640.69K | 189.87K | |
| Receivables | 5.07M | 3.45M | 1.29M | 640.69K | 189.87K | |
| Restricted Cash | 90.00K | 40.00K | 35.00K | 25.00K | 35.00K | |
| Other Current Assets | 1.70M | 1.09M | 492.02K | 810.53K | 800.60K | |
| Total Current Assets | 26.82M | 24.77M | 3.69M | 8.97M | 2.21M | |
| Property, Plant & Equipment | 3.78M | 3.71M | 3.59M | 3.56M | 3.64M | |
| Long-Term Investments | 173.79K | 169.96K | 168.17K | 132.99K | 83.06K | |
| Other Long-Term Assets | 332.58K | |||||
| Total Assets | 30.78M | 28.66M | 7.45M | 13.00M | 5.93M | |
| Accounts Payable | 1.77M | 2.88M | 342.96K | 2.53M | 419.42K | 60.18K |
| Accrued Expenses | 12.50K | |||||
| Current Portion of Leases | 89.47K | 38.88K | ||||
| Current Unearned Revenue | 2.29M | 182.80K | 718.48K | 1.15M | 91.33K | |
| Total Current Liabilities | 4.15M | 3.11M | 1.06M | 3.68M | 510.75K | 72.68K |
| Long-Term Debt | 747.25K | 726.21K | ||||
| Long-Term Leases | 39.93K | 60.45K | ||||
| Total Liabilities | 4.94M | 3.89M | 1.06M | 3.68M | 510.75K | 72.68K |
| Common Stock | 91.28M | 72.81M | 30.66M | 26.34M | 16.92M | 8.93M |
| Additional Paid-In Capital | 6.74M | 4.87M | 5.31M | 4.92M | 2.09M | 1.47M |
| Retained Earnings | -72.52M | -53.02M | -29.58M | -21.95M | -13.66M | -10.47M |
| Comprehensive Income & Other | 334.12K | 100.13K | 68.26K | |||
| Shareholders' Equity | 25.84M | 24.76M | 6.39M | 9.31M | 5.42M | -72.68K |
| Total Liabilities & Equity | 30.78M | 28.66M | 7.45M | 13.00M | 5.93M | |
| Total Debt | 876.65K | 825.54K | ||||
| Net Cash (Debt) | 19.07M | 19.36M | 1.87M | 7.50M | 1.18M | |
| Net Cash Per Share | 0.12 | 0.17 | 0.02 | 0.14 | 0.05 | |
| Filing Date Shares Outstanding | 190.42M | 187.98M | 100.47M | 74.87M | 51.71M | 1.30M |
| Total Common Shares Outstanding | 190.42M | 177.20M | 89.95M | 73.79M | 48.32M | 598.72K |
| Working Capital | 22.67M | 21.67M | 2.63M | 5.29M | 1.70M | -72.68K |
| Book Value Per Share | 0.14 | 0.14 | 0.07 | 0.13 | 0.11 | -0.12 |
| Tangible Book Value | 25.84M | 24.76M | 6.39M | 9.31M | 5.42M | -72.68K |
| Tangible Book Value Per Share | 0.14 | 0.14 | 0.07 | 0.13 | 0.11 | -0.12 |
Cash flow statement
Fiscal year March - February; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -39.19M | -23.44M | -7.63M | -8.29M | -3.19M | -64.52K |
| Depreciation & Amortization | 42.80K | 13.48K | ||||
| Asset Writedown & Restructuring Costs | 109.33K | |||||
| Loss (Gain) From Sale of Investments | -2.15K | -2.15K | -35.19K | -49.93K | ||
| Stock-Based Compensation | 4.86M | 3.32M | 2.50M | 1.65M | 577.80K | |
| Other Operating Activities | -685.34K | -571.80K | -574.73K | -316.70K | -74.77K | |
| Change in Accounts Receivable | 454.21K | -101.04K | 593.35K | -450.82K | -189.87K | |
| Change in Accounts Payable | 1.63M | 2.54M | -2.17M | 3.25M | 346.74K | 38.34K |
| Change in Other Net Operating Assets | 685.66K | -939.15K | 241.99K | 399.16K | -835.60K | |
| Operating Cash Flow | -36.89M | -21.24M | -8.32M | -3.70M | -3.36M | -26.18K |
| Capital Expenditures | -46.33K | -1.82M | ||||
| Investment in Securities | -83.06K | |||||
| Other Investing Activities | -27.02K | -26.74K | ||||
| Investing Cash Flow | -73.34K | -26.74K | -1.90M | |||
| Short-Term Debt Issued | 725.58K | 850.00K | ||||
| Total Debt Issued | 725.58K | 725.58K | 850.00K | |||
| Short-Term Debt Repaid | -1.10M | |||||
| Long-Term Debt Repaid | -8.30K | |||||
| Lease Payments | -34.86K | -8.30K | ||||
| Total Debt Repaid | -34.86K | -8.30K | -1.10M | |||
| Net Debt Issued (Repaid) | 690.72K | 717.28K | -250.00K | |||
| Issuance of Common Stock | 48.72M | 38.81M | 2.67M | 9.96M | 7.01M | |
| Other Financing Activities | -88.71K | 52.57K | 25.29K | 59.45K | -309.73K | |
| Financing Cash Flow | 49.33M | 39.58M | 2.70M | 10.02M | 6.45M | |
| Net Cash Flow | 12.36M | 18.32M | -5.62M | 6.32M | 1.18M | -26.18K |
| Free Cash Flow | -36.94M | -21.24M | -8.32M | -3.70M | -5.18M | -26.18K |
| Free Cash Flow Per Share | -0.24 | -0.19 | -0.11 | -0.07 | -0.20 | -0.04 |
| Levered Free Cash Flow | -20.78M | -12.55M | -5.74M | -931.74K | ||
| Unlevered Free Cash Flow | -20.77M | -12.34M | -5.49M | -890.17K | ||
| Free Cash Flow After Leases | -36.98M | -21.25M | -8.32M | -3.70M | -5.18M | -26.18K |
| Cash Interest Paid | 1.18K | 1.17K | 10.38K | 1.68K | 12.17K | |
| Cash Income Tax Paid | 22.05K | 22.05K | 39.70K | |||
| Change in Working Capital | -1.92M | -555.40K | -2.58M | 3.20M | -678.73K | 38.34K |
Ratios
Fiscal year March - February; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 225.18M | 127.30M | 17.85M | 13.48M | 38.71M | |
| Enterprise Value | 211.51M | 112.65M | 17.74M | 12.80M | 39.16M | |
| Last Close Price | 12.24 | 6.55 | ||||
| PB Ratio | 12.08 | 7.01 | 4.03 | 1.97 | 9.71 | |
| P/TBV Ratio | 12.08 | 7.01 | 4.03 | 1.97 | 9.71 | |
| Debt / Equity Ratio | 0.03 | 0.03 | ||||
| Net Debt / Equity Ratio | -0.74 | -0.78 | -0.29 | -0.81 | -0.22 | |
| Net Debt / EBITDA Ratio | 0.79 | |||||
| Net Debt / FCF Ratio | 0.52 | 0.91 | 0.23 | 2.02 | 0.23 | |
| Quick Ratio | 6.03 | 7.61 | 2.98 | 2.21 | 2.68 | |
| Current Ratio | 6.46 | 7.98 | 3.48 | 2.44 | 4.32 | |
| Return on Equity (ROE) | -194.72% | -150.49% | -97.14% | -112.56% | -119.20% | |
| Return on Assets (ROA) | -116.43% | -84.54% | -51.15% | -55.57% | ||
| Return on Capital Employed (ROCE) | -159.00% | -95.60% | -130.90% | -90.40% | -57.40% | 75.30% |
| Earnings Yield | -14.68% | -13.50% | -29.62% | -45.33% | -6.05% | |
| FCF Yield | -11.73% | -12.23% | -32.30% | -20.25% | -9.84% | |
| Buyback Yield / Dilution | -73.26% | -47.40% | -40.36% | -117.70% | -4,137.78% | -235.86% |