NYSE : NMG
Nouveau Monde Graphite Inc. — Financial statements
Materials · Other Industrial Metals & Mining · Canada
Last price 1 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 331.91M
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Financial statements
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cost of Revenue | 17.30M | 25.66M | 38.18M | 25.40M | 19.36M | 6.24M |
| Gross Profit | -17.30M | -25.66M | -38.18M | -25.40M | -19.36M | -6.24M |
| Selling, General & Admin | 28.77M | 26.67M | 24.12M | 22.70M | 28.67M | 23.00M |
| Other Operating Expenses | -3.88M | -1.08M | -1.52M | -528.00K | -910.00K | -1.76M |
| Operating Expenses | 34.65M | 34.03M | 48.10M | 29.70M | 35.83M | 31.04M |
| Operating Income | -51.95M | -59.69M | -86.28M | -55.10M | -55.19M | -37.28M |
| Interest Expense | -9.03M | -1.51M | -4.15M | -11.28M | -1.73M | -2.32M |
| Interest & Investment Income | 4.17M | 3.04M | 3.61M | 2.70M | 701.00K | 327.00K |
| Currency Exchange Gain (Loss) | 2.25M | 1.54M | -2.67M | 1.23M | -453.00K | 985.00K |
| Other Non Operating Income (Expenses) | -11.80M | -48.29M | 24.90M | 6.60M | 11.06M | |
| EBT Excluding Unusual Items | -66.36M | -104.90M | -64.59M | -55.86M | -45.61M | -38.29M |
| Gain (Loss) on Sale of Investments | 125.00K | -750.00K | 275.00K | -1.70M | ||
| Legal Settlements | -1.20M | |||||
| Other Unusual Items | -7.55M | |||||
| Pretax Income | -66.36M | -104.78M | -72.89M | -55.58M | -47.31M | -39.49M |
| Income Tax Expense | 400.00K | 400.00K | 400.00K | 400.00K | 400.00K | 400.00K |
| Net Income | -66.76M | -105.18M | -73.28M | -55.98M | -47.71M | -39.89M |
| Net Income to Common | -66.76M | -105.18M | -73.28M | -55.98M | -47.71M | -39.89M |
| Shares Outstanding (Basic) | 179.53M | 154.03M | 103.13M | 60.09M | 55.60M | 42.97M |
| Shares Outstanding (Diluted) | 179.53M | 154.03M | 103.13M | 60.09M | 55.60M | 42.97M |
| EPS (Basic) | -0.37 | -0.68 | -0.71 | -0.93 | -0.86 | -0.93 |
| EPS (Diluted) | -0.37 | -0.68 | -0.71 | -0.93 | -0.86 | -0.93 |
| Free Cash Flow | -58.17M | -55.85M | -66.01M | -49.59M | -71.56M | -71.31M |
| Free Cash Flow Per Share | -0.32 | -0.36 | -0.64 | -0.82 | -1.29 | -1.66 |
| EBITDA | -48.99M | -52.89M | -77.65M | -47.43M | -51.13M | -36.66M |
| D&A For EBITDA | 2.95M | 6.80M | 8.63M | 7.68M | 4.06M | 627.00K |
| EBIT | -51.95M | -59.69M | -86.28M | -55.10M | -55.19M | -37.28M |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 460.60M | 73.94M | 106.30M | 36.33M | 59.92M | 62.35M |
| Cash & Short-Term Investments | 460.60M | 73.94M | 106.30M | 36.33M | 59.92M | 62.35M |
| Other Receivables | 7.22M | 3.31M | 3.18M | 3.90M | 10.32M | 9.06M |
| Receivables | 7.22M | 3.31M | 3.18M | 3.90M | 10.32M | 9.06M |
| Prepaid Expenses | 484.00K | 1.59M | 1.53M | 2.70M | 3.06M | 2.77M |
| Restricted Cash | 620.00K | 620.00K | 3.00M | 621.00K | ||
| Total Current Assets | 468.92M | 79.45M | 114.01M | 42.93M | 73.92M | 74.18M |
| Property, Plant & Equipment | 119.58M | 86.98M | 79.17M | 70.98M | 66.79M | 44.36M |
| Long-Term Investments | 300.00K | 450.00K | 325.00K | 1.07M | 800.00K | |
| Other Intangible Assets | 59.00K | 182.00K | 481.00K | |||
| Other Long-Term Assets | 13.76M | 7.56M | 10.60M | 8.90M | 8.38M | 7.33M |
| Total Assets | 607.86M | 174.44M | 204.10M | 123.94M | 150.07M | 126.35M |
| Accounts Payable | 43.70M | 8.04M | 10.93M | 7.05M | 12.82M | 13.28M |
| Accrued Expenses | 2.04M | 2.44M | 2.71M | 2.75M | 2.52M | 1.77M |
| Current Portion of Long-Term Debt | 17.79M | 17.21M | 16.49M | 54.10M | 225.00K | 208.00K |
| Current Portion of Leases | 586.00K | 569.00K | 470.00K | 451.00K | 431.00K | 329.00K |
| Current Unearned Revenue | 185.00K | 185.00K | 785.00K | 1.25M | 20.00K | |
| Other Current Liabilities | 50.13M | 62.96M | 15.59M | 80.00K | 137.00K | |
| Total Current Liabilities | 114.43M | 91.41M | 46.98M | 65.61M | 16.11M | 15.73M |
| Long-Term Debt | 362.00K | 499.00K | 764.00K | 1.28M | 58.31M | 1.92M |
| Long-Term Leases | 993.00K | 1.11M | 1.24M | 1.64M | 2.39M | 1.99M |
| Other Long-Term Liabilities | 1.99M | 1.58M | 1.46M | 987.00K | 952.00K | 1.01M |
| Total Liabilities | 117.78M | 94.60M | 50.44M | 69.51M | 77.75M | 20.65M |
| Common Stock | 838.29M | 436.48M | 411.24M | 238.82M | 210.79M | 206.48M |
| Additional Paid-In Capital | 39.60M | 37.06M | 32.61M | 28.50M | 25.31M | 16.10M |
| Retained Earnings | -394.09M | -399.05M | -293.87M | -220.59M | -164.60M | -116.89M |
| Comprehensive Income & Other | 6.28M | 5.36M | 3.68M | 7.69M | 829.00K | |
| Shareholders' Equity | 490.09M | 79.85M | 153.66M | 54.43M | 72.32M | 105.69M |
| Total Liabilities & Equity | 607.86M | 174.44M | 204.10M | 123.94M | 150.07M | 126.35M |
| Total Debt | 19.73M | 19.39M | 18.96M | 57.47M | 61.35M | 4.45M |
| Net Cash (Debt) | 440.86M | 54.55M | 87.33M | -21.14M | -1.43M | 57.90M |
| Net Cash Per Share | 2.46 | 0.35 | 0.85 | -0.35 | -0.03 | 1.35 |
| Filing Date Shares Outstanding | 329.16M | 160.83M | 152.26M | 92.11M | 55.87M | 55.22M |
| Total Common Shares Outstanding | 329.16M | 160.76M | 152.26M | 60.90M | 55.87M | 55.12M |
| Working Capital | 354.49M | -11.95M | 67.03M | -22.68M | 57.82M | 58.45M |
| Book Value Per Share | 1.49 | 0.50 | 1.01 | 0.89 | 1.29 | 1.92 |
| Tangible Book Value | 490.09M | 79.85M | 153.66M | 54.37M | 72.14M | 105.21M |
| Tangible Book Value Per Share | 1.49 | 0.50 | 1.01 | 0.89 | 1.29 | 1.91 |
| Land | 3.26M | 2.46M | 2.46M | 2.46M | 2.46M | 2.41M |
| Buildings | 3.36M | 1.98M | 2.03M | 3.44M | 3.27M | 2.79M |
| Machinery | 23.32M | 23.36M | 28.13M | 25.71M | 10.20M | 382.00K |
| Construction In Progress | 2.02M | 2.06M | 2.79M | 710.00K | 14.59M | 18.89M |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -66.76M | -105.18M | -73.28M | -55.98M | -47.71M | -39.89M |
| Depreciation & Amortization | 3.50M | 7.34M | 9.09M | 8.15M | 4.56M | 1.09M |
| Other Amortization | 9.00K | |||||
| Loss (Gain) From Sale of Assets | 143.00K | 145.00K | 1.13M | 5.00K | 5.00K | |
| Loss (Gain) From Sale of Investments | -125.00K | 750.00K | -275.00K | 1.70M | ||
| Stock-Based Compensation | 3.91M | 4.29M | 3.93M | 3.06M | 8.71M | 6.68M |
| Other Operating Activities | 20.14M | 48.20M | 7.93M | 3.45M | -9.06M | 1.03M |
| Change in Accounts Payable | 4.05M | -1.64M | 1.88M | 608.00K | -2.80M | 3.90M |
| Change in Unearned Revenue | 79.00K | -72.00K | -470.00K | 170.00K | 20.00K | -1.51M |
| Change in Other Net Operating Assets | -2.67M | 4.87M | -2.92M | 1.30M | -292.00K | -5.64M |
| Operating Cash Flow | -37.61M | -42.17M | -51.95M | -39.52M | -44.88M | -34.33M |
| Capital Expenditures | -20.56M | -13.68M | -14.05M | -10.07M | -26.68M | -36.98M |
| Investment in Securities | -4.14M | |||||
| Other Investing Activities | 2.82M | 2.41M | ||||
| Investing Cash Flow | -20.56M | -13.68M | -14.05M | -10.07M | -28.00M | -34.58M |
| Long-Term Debt Issued | 67.20M | 1.19M | ||||
| Long-Term Debt Repaid | -877.00K | -1.20M | -712.00K | -594.00K | -2.41M | |
| Lease Payments | -540.00K | -627.00K | -457.00K | -430.00K | -386.00K | -408.00K |
| Net Debt Issued (Repaid) | -797.00K | -877.00K | -1.20M | -712.00K | 66.61M | -1.22M |
| Issuance of Common Stock | 454.76M | 27.68M | 139.39M | 30.14M | 4.72M | 134.07M |
| Other Financing Activities | -13.37M | -2.80M | -2.72M | -3.14M | -1.04M | -7.12M |
| Financing Cash Flow | 440.59M | 24.01M | 135.46M | 26.29M | 70.29M | 125.73M |
| Foreign Exchange Rate Adjustments | 4.71M | -514.00K | 509.00K | -290.00K | 155.00K | 1.01M |
| Net Cash Flow | 387.13M | -32.36M | 69.96M | -23.59M | -2.43M | 57.84M |
| Free Cash Flow | -58.17M | -55.85M | -66.01M | -49.59M | -71.56M | -71.31M |
| Free Cash Flow Per Share | -0.32 | -0.36 | -0.64 | -0.82 | -1.29 | -1.66 |
| Levered Free Cash Flow | 13.09M | 5.67M | -39.70M | -37.34M | -50.91M | -53.19M |
| Unlevered Free Cash Flow | 18.74M | 6.61M | -37.11M | -30.29M | -49.83M | -51.75M |
| Free Cash Flow After Leases | -58.71M | -56.48M | -66.47M | -50.02M | -71.94M | -71.72M |
| Cash Interest Paid | 34.00K | 50.00K | 73.00K | 70.00K | 69.00K | 101.00K |
| Cash Income Tax Paid | -2.48M | -1.11M | -558.00K | |||
| Change in Working Capital | 1.46M | 3.16M | -1.50M | 2.08M | -3.07M | -3.25M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 304.77M | 392.78M | 240.22M | 159.10M | 213.00M | 381.29M |
| Enterprise Value | -11.20M | 362.17M | 213.26M | 165.87M | 206.30M | 332.10M |
| Last Close Price | 0.93 | 2.48 | 1.59 | 2.61 | 3.82 | 6.99 |
| PB Ratio | 0.89 | 6.75 | 2.25 | 3.86 | 3.99 | 4.57 |
| P/TBV Ratio | 0.89 | 6.75 | 2.25 | 3.87 | 4.00 | 4.59 |
| Debt / Equity Ratio | 0.04 | 0.24 | 0.12 | 1.06 | 0.85 | 0.04 |
| Net Debt / Equity Ratio | -0.90 | -0.68 | -0.57 | 0.39 | 0.02 | -0.55 |
| Net Debt / EBITDA Ratio | 9.00 | 1.03 | 1.12 | -0.45 | -0.03 | 1.58 |
| Net Debt / FCF Ratio | 7.58 | 0.98 | 1.32 | -0.43 | -0.02 | 0.81 |
| Quick Ratio | 4.09 | 0.84 | 2.33 | 0.61 | 4.36 | 4.54 |
| Current Ratio | 4.10 | 0.87 | 2.43 | 0.65 | 4.59 | 4.72 |
| Return on Equity (ROE) | -21.73% | -90.09% | -70.44% | -88.33% | -53.61% | -79.50% |
| Return on Assets (ROA) | -8.30% | -19.71% | -32.88% | -25.14% | -24.96% | -31.60% |
| Return on Capital Employed (ROCE) | -10.50% | -71.90% | -54.90% | -94.50% | -41.20% | -33.70% |
| Earnings Yield | -28.81% | -19.53% | -21.20% | -26.64% | -16.55% | -8.27% |
| FCF Yield | -13.56% | -10.37% | -19.10% | -23.60% | -24.82% | -14.78% |
| Buyback Yield / Dilution | -33.21% | -49.35% | -71.63% | -8.07% | -29.39% | -63.47% |