NASDAQ : TMCR
The Metals Royalty Company Inc. — Financial statements
Materials · Other Industrial Metals & Mining · Canada
Last price 1.95 USD (Nov 2, 2026, 9:31 AM EST) · Market cap 131.46M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Selling, General & Admin | 8.38M | 4.45M | 870.75K | 5.03M |
| Operating Expenses | 18.56M | 5.09M | 1.21M | 6.04M |
| Operating Income | -18.56M | -5.09M | -1.21M | -6.04M |
| Interest & Investment Income | 248.19K | 244.47K | 57.91K | 76.03K |
| EBT Excluding Unusual Items | -18.31M | -4.84M | -1.15M | -5.97M |
| Other Unusual Items | -4.63M | -1.62M | ||
| Pretax Income | -22.95M | -6.46M | -1.15M | -5.97M |
| Income Tax Expense | 380.17K | 380.17K | -293.97K | -86.20K |
| Earnings From Continuing Operations | -23.33M | -6.84M | -857.10K | -5.88M |
| Earnings From Discontinued Operations | 7.55M | 7.96M | 573.83K | 55.06K |
| Net Income | -15.78M | 1.12M | -283.28K | -5.83M |
| Net Income to Common | -15.78M | 1.12M | -283.28K | -5.83M |
| Shares Outstanding (Basic) | 49.74M | 43.93M | 43.03M | 37.58M |
| Shares Outstanding (Diluted) | 49.74M | 43.93M | 43.03M | 37.58M |
| EPS (Basic) | -0.32 | 0.03 | -0.01 | -0.16 |
| EPS (Diluted) | -0.32 | 0.03 | -0.01 | -0.16 |
| Free Cash Flow | -6.07M | -3.25M | 537.78K | -5.17M |
| Free Cash Flow Per Share | -0.12 | -0.07 | 0.01 | -0.14 |
| EBITDA | -5.09M | |||
| D&A For EBITDA | 714.00 | |||
| EBIT | -18.56M | -5.09M | -1.21M | -6.04M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 11.79M | 18.37M | 1.40M | 857.45K |
| Cash & Short-Term Investments | 11.79M | 18.37M | 1.40M | 857.45K |
| Accounts Receivable | 235.23K | 259.81K | 228.16K | |
| Other Receivables | 53.50K | |||
| Receivables | 288.73K | 259.81K | 228.16K | |
| Prepaid Expenses | 1.11M | 198.16K | 4.87K | 5.29K |
| Total Current Assets | 12.90M | 18.85M | 1.66M | 1.09M |
| Property, Plant & Equipment | 23.03K | 13.56K | ||
| Long-Term Investments | 128.51M | 14.08M | 19.81M | 20.40M |
| Total Assets | 170.31M | 32.95M | 21.47M | 21.49M |
| Accounts Payable | 7.17M | 1.76M | 28.33K | 131.32K |
| Accrued Expenses | 41.39K | 15.27K | ||
| Total Current Liabilities | 7.72M | 1.76M | 69.72K | 146.59K |
| Total Liabilities | 49.46M | 1.76M | 69.72K | 146.59K |
| Common Stock | 139.56M | 35.47M | 26.05M | 26.05M |
| Additional Paid-In Capital | 3.10M | 681.53K | 1.44M | 1.10M |
| Retained Earnings | -21.80M | -4.97M | -6.08M | -5.80M |
| Shareholders' Equity | 120.85M | 31.19M | 21.40M | 21.34M |
| Total Liabilities & Equity | 170.31M | 32.95M | 21.47M | 21.49M |
| Net Cash (Debt) | -30.50M | 18.37M | 1.40M | 857.45K |
| Net Cash Per Share | -0.61 | 0.42 | 0.03 | 0.02 |
| Filing Date Shares Outstanding | 63.05M | 50.93M | 42.91M | 37.58M |
| Total Common Shares Outstanding | 62.04M | 50.93M | 42.91M | 37.58M |
| Working Capital | 5.18M | 17.09M | 1.59M | 944.30K |
| Book Value Per Share | 1.95 | 0.61 | 0.50 | 0.57 |
| Tangible Book Value | 120.85M | 31.19M | 21.40M | 21.34M |
| Tangible Book Value Per Share | 1.95 | 0.61 | 0.50 | 0.57 |
| Machinery | 14.28K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -15.78M | 1.12M | -283.28K | -5.83M |
| Depreciation & Amortization | 2.97K | 714.00 | ||
| Stock-Based Compensation | 10.18M | 640.21K | 338.23K | 1.02M |
| Other Operating Activities | -7.55M | -7.96M | -573.83K | 4.47M |
| Change in Accounts Payable | 6.91M | 1.73M | -102.99K | 125.92K |
| Change in Other Net Operating Assets | -1.13M | -523.42K | 26.53K | 9.99K |
| Operating Cash Flow | -6.05M | -3.23M | 537.78K | -116.54K |
| Capital Expenditures | -25.99K | -14.28K | -5.06M | |
| Investing Cash Flow | -135.84M | -14.28K | -5.06M | |
| Issuance of Common Stock | 112.60M | 22.86M | 500.00K | |
| Repurchase of Common Stock | -1.07M | |||
| Other Financing Activities | -1.89M | -1.56M | ||
| Financing Cash Flow | 152.85M | 20.22M | 500.00K | |
| Net Cash Flow | 10.96M | 16.97M | 537.78K | -4.67M |
| Free Cash Flow | -6.07M | -3.25M | 537.78K | -5.17M |
| Free Cash Flow Per Share | -0.12 | -0.07 | 0.01 | -0.14 |
| Levered Free Cash Flow | -1.08M | -525.49K | ||
| Unlevered Free Cash Flow | -1.08M | -525.49K | ||
| Change in Working Capital | 6.16M | 1.59M | -370.42K | 49.71K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Debt / Equity Ratio | 0.25 | -0.59 | -0.07 | -0.04 |
| Net Debt / EBITDA Ratio | 3.61 | |||
| Net Debt / FCF Ratio | -5.02 | 5.66 | -2.59 | 0.17 |
| Quick Ratio | 1.53 | 10.58 | 23.74 | 7.41 |
| Current Ratio | 1.67 | 10.70 | 23.81 | 7.44 |
| Return on Equity (ROE) | -26.03% | -4.01% | ||
| Return on Assets (ROA) | -11.68% | -3.52% | ||
| Return on Capital Employed (ROCE) | -11.40% | -16.30% | -5.60% | -28.30% |
| Buyback Yield / Dilution | -15.60% | -2.09% | -14.50% |