NASDAQ : VMET
Versamet Royalties Corporation — Financial statements
Other · Canada
Last price 8.28 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 896.44M
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Financial statements
Versamet Royalties Corporation (VMET) reported revenue of 74.18M 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 | |
|---|---|---|---|---|
| Revenue | 74.18M | 34.76M | 12.03M | 3.14M |
| Cost of Revenue | 20.15M | 15.11M | 9.99M | 1.40M |
| Gross Profit | 54.03M | 19.66M | 2.04M | 1.74M |
| Selling, General & Admin | 11.63M | 7.64M | 5.53M | 1.82M |
| Other Operating Expenses | -37.43M | -32.92M | -5.71M | -2.79M |
| Operating Expenses | -12.37M | -19.11M | 659.00K | 1.96M |
| Operating Income | 66.40M | 38.76M | 1.38M | -216.65K |
| Interest Expense | -13.86M | -12.16M | -3.58M | -2.01M |
| Interest & Investment Income | 352.00K | 267.00K | 148.00K | 112.48K |
| Currency Exchange Gain (Loss) | -154.00K | -548.00K | 780.00K | -386.48K |
| EBT Excluding Unusual Items | 52.74M | 26.32M | -1.27M | -2.50M |
| Other Unusual Items | 3.29M | 400.00K | -3.69K | |
| Pretax Income | 52.74M | 29.60M | -874.00K | -2.50M |
| Income Tax Expense | 15.71M | 9.27M | 1.57M | 619.22K |
| Net Income | 37.03M | 20.33M | -2.45M | -3.12M |
| Net Income to Common | 37.03M | 20.33M | -2.45M | -3.12M |
| Shares Outstanding (Basic) | 98.42M | 92.77M | 76.20M | 37.08M |
| Shares Outstanding (Diluted) | 102.09M | 95.51M | 76.20M | 37.08M |
| EPS (Basic) | 0.38 | 0.22 | -0.03 | -0.08 |
| EPS (Diluted) | 0.36 | 0.21 | -0.03 | -0.08 |
| Gross Margin | 72.84% | 56.54% | 16.93% | 55.52% |
| Operating Margin | 89.51% | 111.50% | 11.45% | -6.90% |
| Profit Margin | 49.92% | 58.49% | -20.36% | -99.50% |
| EBITDA | 79.83M | 44.94M | 2.22M | 683.88K |
| EBITDA Margin | 107.61% | 129.27% | 18.46% | 21.78% |
| D&A For EBITDA | 13.43M | 6.18M | 843.00K | 900.54K |
| EBIT | 66.40M | 38.76M | 1.38M | -216.65K |
| EBIT Margin | 89.51% | 111.50% | 11.45% | -6.90% |
| Effective Tax Rate | 29.78% | 31.31% | ||
| Revenue as Reported | 74.18M | 34.76M | 12.03M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 13.24M | 3.71M | 1.43M | 6.72M |
| Cash & Short-Term Investments | 13.24M | 3.71M | 1.43M | 6.72M |
| Accounts Receivable | 10.38M | 9.63M | 369.00K | 421.46K |
| Other Receivables | 12.83M | 10.78M | 7.63M | 5.63M |
| Receivables | 23.22M | 20.41M | 8.00M | 6.05M |
| Prepaid Expenses | 794.00K | 97.00K | 27.00K | 53.88K |
| Total Current Assets | 37.25M | 24.22M | 9.46M | 12.83M |
| Long-Term Investments | 1.15M | 1.01M | 730.00K | 1.66M |
| Long-Term Accounts Receivable | 670.85M | 318.69M | 165.41M | 92.66M |
| Long-Term Deferred Charges | 1.96M | 1.25M | ||
| Other Long-Term Assets | 77.00M | 72.84M | 54.66M | 50.59M |
| Total Assets | 788.21M | 418.01M | 230.25M | 157.74M |
| Accounts Payable | 2.57M | 2.88M | 1.23M | 226.02K |
| Current Portion of Long-Term Debt | 50.00M | 30.00M | 15.62M | 16.25M |
| Total Current Liabilities | 52.57M | 32.88M | 16.85M | 16.48M |
| Long-Term Debt | 325.00M | 141.00M | 608.00K | 27.09M |
| Long-Term Deferred Tax Liabilities | 16.09M | 10.17M | 1.46M | 397.38K |
| Total Liabilities | 393.66M | 184.05M | 18.92M | 43.97M |
| Common Stock | 359.08M | 217.43M | 215.76M | 118.29M |
| Retained Earnings | 31.02M | 12.37M | -7.97M | -5.52M |
| Comprehensive Income & Other | 4.45M | 4.17M | 3.54M | 1.00M |
| Shareholders' Equity | 394.55M | 233.96M | 211.33M | 113.77M |
| Total Liabilities & Equity | 788.21M | 418.01M | 230.25M | 157.74M |
| Total Debt | 375.00M | 171.00M | 16.23M | 43.34M |
| Net Cash (Debt) | -361.76M | -167.29M | -14.80M | -36.62M |
| Net Cash Per Share | -3.54 | -1.75 | -0.19 | -0.99 |
| Filing Date Shares Outstanding | 108.83M | 105.65M | 92.84M | 37.08M |
| Total Common Shares Outstanding | 108.83M | 93.41M | 92.76M | 37.08M |
| Working Capital | -15.32M | -8.66M | -7.40M | -3.65M |
| Book Value Per Share | 3.63 | 2.50 | 2.28 | 3.07 |
| Tangible Book Value | 394.55M | 233.96M | 211.33M | 113.77M |
| Tangible Book Value Per Share | 3.63 | 2.50 | 2.28 | 3.07 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | 37.03M | 20.33M | -2.45M | -3.12M |
| Depreciation & Amortization | 13.43M | 6.18M | 843.00K | 900.54K |
| Asset Writedown & Restructuring Costs | 8.35M | 2.05M | ||
| Loss (Gain) From Sale of Investments | -4.83M | |||
| Stock-Based Compensation | 3.01M | 1.67M | 2.56M | 1.62M |
| Provision & Write-off of Bad Debts | 401.56K | |||
| Other Operating Activities | 5.55M | -3.50M | -2.77M | 3.59M |
| Change in Accounts Receivable | -10.02M | -9.32M | 76.00K | -95.16K |
| Change in Accounts Payable | 667.00K | 1.58M | 781.00K | 117.03K |
| Operating Cash Flow | 49.67M | 16.95M | 7.40M | 621.27K |
| Sale (Purchase) of Intangibles | -159.46M | -159.46M | -76.00K | -10.03M |
| Investment in Securities | 1.03M | -52.50M | ||
| Other Investing Activities | 2.22M | |||
| Investing Cash Flow | -464.83M | -159.46M | 956.00K | -60.31M |
| Long-Term Debt Issued | 181.00M | 41.08M | ||
| Long-Term Debt Repaid | -27.39M | -19.00M | -6.33M | |
| Net Debt Issued (Repaid) | 322.00M | 153.61M | -19.00M | 34.75M |
| Issuance of Common Stock | 118.22M | 7.50M | 27.46M | |
| Other Financing Activities | -12.86M | -8.77M | -1.99M | -15.11K |
| Financing Cash Flow | 427.36M | 144.84M | -13.49M | 62.19M |
| Foreign Exchange Rate Adjustments | -36.00K | -50.00K | -150.00K | 130.93K |
| Net Cash Flow | 12.16M | 2.27M | -5.29M | 2.64M |
| Levered Free Cash Flow | -122.40M | -145.82M | 1.05M | |
| Unlevered Free Cash Flow | -113.73M | -138.22M | 3.28M | |
| Cash Interest Paid | 8.77M | 8.77M | 1.99M | |
| Cash Income Tax Paid | 695.00K | 559.00K | 509.00K | 434.79K |
| Change in Working Capital | -9.35M | -7.74M | 857.00K | 21.88K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 920.81M | 871.62M | ||
| Enterprise Value | 1.29B | 1.05B | ||
| Last Close Price | 8.28 | 8.81 | ||
| PE Ratio | 23.44 | 42.87 | ||
| PS Ratio | 12.09 | 25.07 | ||
| PB Ratio | 2.27 | 3.73 | ||
| P/TBV Ratio | 2.27 | 3.73 | ||
| P/OCF Ratio | 18.06 | 51.44 | ||
| EV/Sales Ratio | 17.05 | 30.18 | ||
| EV/EBITDA Ratio | 15.85 | 23.34 | ||
| EV/EBIT Ratio | 19.05 | 27.06 | ||
| Debt / Equity Ratio | 0.95 | 0.73 | 0.08 | 0.38 |
| Debt / EBITDA Ratio | 4.70 | 3.81 | 7.31 | 63.38 |
| Net Debt / Equity Ratio | 0.92 | 0.71 | 0.07 | 0.32 |
| Net Debt / EBITDA Ratio | 4.53 | 3.72 | 6.67 | 53.55 |
| Asset Turnover | 0.14 | 0.11 | 0.06 | |
| Quick Ratio | 0.69 | 0.73 | 0.56 | 0.78 |
| Current Ratio | 0.71 | 0.74 | 0.56 | 0.78 |
| Return on Equity (ROE) | 12.17% | 9.13% | -1.51% | |
| Return on Assets (ROA) | 7.85% | 7.47% | 0.44% | |
| Return on Invested Capital (ROIC) | 8.03% | 8.49% | 0.73% | -0.14% |
| Return on Capital Employed (ROCE) | 9.00% | 10.10% | 0.60% | -0.20% |
| Earnings Yield | 4.27% | 2.33% | ||
| Buyback Yield / Dilution | -11.05% | -25.33% | -105.49% |