NASDAQ : USGO
U.S. GoldMining Inc. — Financial statements
Materials · Other Industrial Metals & Mining · United States
Last price 5.22 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 73.27M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 4.73M | 3.90M | 2.95M | 2.45M | 1.17M | 113.88K |
| Other Operating Expenses | 21.05K | 20.06K | 18.20K | 17.28K | 19.25K | |
| Operating Expenses | 11.09M | 7.12M | 8.89M | 3.38M | 1.74M | 697.31K |
| Operating Income | -11.09M | -7.12M | -8.89M | -3.38M | -1.74M | -697.31K |
| Interest & Investment Income | 169.75K | 146.10K | 401.59K | 607.16K | ||
| Currency Exchange Gain (Loss) | -11.52K | -15.25K | 9.37K | -21.06K | -3.27K | |
| Pretax Income | -10.93M | -6.99M | -8.48M | -2.80M | -1.74M | -697.31K |
| Income Tax Expense | 714.00 | 4.08K | 4.97K | |||
| Net Income | -10.93M | -6.99M | -8.49M | -2.80M | -1.74M | -697.31K |
| Net Income to Common | -11.53M | -6.99M | -8.49M | -2.80M | -1.74M | -697.31K |
| Shares Outstanding (Basic) | 13.16M | 12.72M | 12.41M | 12.40M | 9.94M | 9.50M |
| Shares Outstanding (Diluted) | 13.16M | 12.72M | 12.41M | 12.40M | 9.94M | 9.50M |
| EPS (Basic) | -0.88 | -0.55 | -0.68 | -0.23 | -0.17 | -0.07 |
| EPS (Diluted) | -0.88 | -0.55 | -0.68 | -0.23 | -0.17 | -0.07 |
| Free Cash Flow | -10.26M | -5.84M | -7.92M | -2.37M | -1.32M | -636.12K |
| Free Cash Flow Per Share | -0.78 | -0.46 | -0.64 | -0.19 | -0.13 | -0.07 |
| EBITDA | -10.91M | -6.95M | -8.75M | -3.27M | -1.72M | -679.70K |
| D&A For EBITDA | 178.71K | 165.18K | 143.80K | 116.71K | 19.25K | 17.62K |
| EBIT | -11.09M | -7.12M | -8.89M | -3.38M | -1.74M | -697.31K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.42M | 7.38M | 3.88M | 11.20M | 54.51K | 5.63K |
| Cash & Short-Term Investments | 7.42M | 7.38M | 3.88M | 11.20M | 54.51K | 5.63K |
| Other Receivables | 6.04K | 56.02K | 7.42K | 152.72K | 68.00K | |
| Receivables | 6.04K | 56.02K | 7.42K | 152.72K | 68.00K | |
| Inventory | 89.12K | 28.64K | 34.86K | 27.25K | ||
| Prepaid Expenses | 148.58K | 79.64K | 108.94K | 297.21K | 12.18K | 17.04K |
| Restricted Cash | 42.56K | 43.23K | 86.26K | 87.76K | ||
| Other Current Assets | 444.00K | 94.93K | ||||
| Total Current Assets | 8.15M | 7.59M | 4.12M | 11.77M | 229.62K | 22.67K |
| Property, Plant & Equipment | 1.17M | 860.58K | 1.03M | 1.01M | 417.12K | |
| Total Assets | 9.33M | 8.45M | 5.15M | 12.78M | 229.62K | 439.79K |
| Accounts Payable | 194.53K | 223.82K | 185.25K | 118.61K | 466.13K | 25.00 |
| Accrued Expenses | 112.84K | 123.91K | 28.98K | 149.81K | 26.92K | 3.00K |
| Short-Term Debt | 677.78K | 494.48K | ||||
| Current Portion of Leases | 30.70K | 30.22K | 25.14K | 21.06K | ||
| Other Current Liabilities | 180.86K | 180.86K | 185.90K | 116.19K | ||
| Total Current Liabilities | 338.07K | 558.82K | 420.24K | 475.38K | 1.29M | 497.51K |
| Long-Term Leases | 40.23K | 58.17K | 84.25K | 118.82K | ||
| Other Long-Term Liabilities | 244.39K | 219.58K | 199.53K | 181.32K | 225.87K | 206.62K |
| Total Liabilities | 622.69K | 836.57K | 704.02K | 775.52K | 1.51M | 704.12K |
| Common Stock | 13.51K | 13.31K | 12.46K | 12.40K | 10.13K | 9.50K |
| Additional Paid-In Capital | 41.61M | 37.78M | 27.63M | 26.70M | 3.83M | 3.11M |
| Retained Earnings | -36.92M | -30.19M | -23.20M | -14.71M | -5.12M | -3.38M |
| Shareholders' Equity | 8.70M | 7.61M | 4.45M | 12.00M | -1.28M | -264.33K |
| Total Liabilities & Equity | 9.33M | 8.45M | 5.15M | 12.78M | 229.62K | 439.79K |
| Total Debt | 70.93K | 88.39K | 109.39K | 139.88K | 677.78K | 494.48K |
| Net Cash (Debt) | 7.35M | 7.29M | 3.77M | 11.06M | -623.27K | -488.85K |
| Net Cash Per Share | 0.56 | 0.57 | 0.30 | 0.89 | -0.06 | -0.05 |
| Filing Date Shares Outstanding | 14.04M | 13.32M | 12.46M | 15.31M | 10.14M | 9.50M |
| Total Common Shares Outstanding | 13.51M | 13.31M | 12.46M | 15.31M | 10.14M | 9.50M |
| Working Capital | 7.81M | 7.03M | 3.70M | 11.29M | -1.06M | -474.84K |
| Book Value Per Share | 0.64 | 0.57 | 0.36 | 0.78 | -0.13 | -0.03 |
| Tangible Book Value | 8.70M | 7.61M | 4.45M | 12.00M | -1.28M | -264.33K |
| Tangible Book Value Per Share | 0.64 | 0.57 | 0.36 | 0.78 | -0.13 | -0.03 |
| Buildings | 781.74K | 767.71K | 767.71K | 767.71K | ||
| Machinery | 681.18K | 285.22K | 285.22K | 113.38K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -10.93M | -6.99M | -8.49M | -2.80M | -1.74M | -697.31K |
| Depreciation & Amortization | 178.71K | 165.18K | 143.80K | 116.71K | 19.25K | 17.62K |
| Stock-Based Compensation | 1.42M | 858.51K | 331.90K | 234.11K | 65.30K | 50.54K |
| Other Operating Activities | 32.14K | 40.64K | 25.88K | 76.93K | ||
| Change in Accounts Receivable | 17.78K | -48.60K | 145.30K | -451.24K | -68.00K | |
| Change in Inventory | -54.26K | 6.21K | -7.61K | |||
| Change in Accounts Payable | -4.82K | 38.57K | 66.64K | -952.42K | 466.10K | 25.00 |
| Change in Income Taxes | -5.04K | |||||
| Change in Other Net Operating Assets | -522.57K | 87.81K | 33.59K | 1.40M | -66.15K | -6.99K |
| Operating Cash Flow | -9.86M | -5.84M | -7.75M | -2.37M | -1.32M | -636.12K |
| Capital Expenditures | -395.96K | -171.84K | ||||
| Sale (Purchase) of Intangibles | 316.21K | |||||
| Investing Cash Flow | -395.96K | -171.84K | 316.21K | |||
| Short-Term Debt Issued | 183.30K | |||||
| Total Debt Issued | 183.30K | |||||
| Net Debt Issued (Repaid) | 183.30K | |||||
| Issuance of Common Stock | 14.46M | 9.30M | 599.82K | 15.28K | 87.28K | 321.09K |
| Repurchase of Common Stock | -57.70K | |||||
| Other Financing Activities | 1.16M | |||||
| Financing Cash Flow | 14.46M | 9.30M | 599.82K | 15.28K | 1.37M | 321.09K |
| Net Cash Flow | 4.20M | 3.45M | -7.32M | -2.36M | 48.88K | 1.19K |
| Free Cash Flow | -10.26M | -5.84M | -7.92M | -2.37M | -1.32M | -636.12K |
| Free Cash Flow Per Share | -0.78 | -0.46 | -0.64 | -0.19 | -0.13 | -0.07 |
| Levered Free Cash Flow | -6.33M | -3.26M | -4.99M | -551.92K | -58.41K | |
| Unlevered Free Cash Flow | -6.33M | -3.26M | -4.99M | -551.92K | -58.41K | |
| Change in Working Capital | -563.88K | 83.99K | 232.88K | -5.77K | 331.95K | -6.96K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 73.27M | 117.07M | 107.15M | 90.57M | ||
| Enterprise Value | 65.92M | 113.87M | 102.87M | 76.95M | ||
| Last Close Price | 5.22 | 8.82 | 8.61 | 7.30 | ||
| PB Ratio | 8.11 | 15.38 | 24.11 | 7.55 | ||
| P/TBV Ratio | 8.42 | 15.38 | 24.11 | 7.55 | ||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.03 | 0.01 | -0.53 | -1.87 |
| Net Debt / Equity Ratio | -0.84 | -0.96 | -0.85 | -0.92 | -0.49 | -1.85 |
| Net Debt / EBITDA Ratio | 0.67 | 1.05 | 0.43 | 3.39 | -0.36 | -0.72 |
| Net Debt / FCF Ratio | 0.72 | 1.25 | 0.48 | 4.66 | -0.47 | -0.77 |
| Quick Ratio | 21.97 | 13.30 | 9.25 | 23.89 | 0.10 | 0.01 |
| Current Ratio | 24.11 | 13.57 | 9.80 | 24.76 | 0.18 | 0.05 |
| Return on Equity (ROE) | -177.21% | -115.99% | -103.21% | |||
| Return on Assets (ROA) | -100.96% | -65.45% | -62.02% | -324.05% | -73.58% | |
| Return on Capital Employed (ROCE) | -123.40% | -90.20% | -188.10% | -27.50% | 164.10% | 1,208.20% |
| Earnings Yield | -16.78% | -5.97% | -7.92% | -3.09% | ||
| FCF Yield | -14.00% | -4.99% | -7.40% | -2.62% | ||
| Buyback Yield / Dilution | -5.70% | -2.51% | -0.07% | -24.77% | -4.60% |