NYSEAMERICAN : GROY
Gold Royalty Corp. — Financial statements
Materials · Gold · Canada
Last price 2.66 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 616.27M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Gold Royalty Corp. (GROY) reported revenue of 22.56M 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 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 22.56M | 15.61M | 10.10M | 3.05M | 3.99M | 3.94M |
| Cost of Revenue | 1.30M | 1.10M | 315.00K | 479.00K | ||
| Gross Profit | 21.26M | 14.51M | 9.79M | 2.57M | 3.99M | 3.94M |
| Selling, General & Admin | 7.93M | 7.41M | 8.26M | 7.59M | 11.88M | 14.03M |
| Operating Expenses | 16.08M | 12.82M | 13.80M | 11.34M | 16.16M | 21.38M |
| Operating Income | 5.17M | 1.69M | -4.01M | -8.78M | -12.16M | -17.44M |
| Interest Expense | -4.33M | -8.27M | -8.04M | -1.84M | -918.00K | -633.00K |
| Earnings From Equity Investments | 763.00K | -80.00K | -64.00K | 172.00K | -152.00K | -296.00K |
| Currency Exchange Gain (Loss) | 126.00K | 34.00K | -14.00K | -132.00K | 32.00K | 54.00K |
| Other Non Operating Income (Expenses) | 2.31M | 2.05M | 2.39M | 565.00K | 3.33M | 4.92M |
| EBT Excluding Unusual Items | 4.04M | -4.57M | -9.74M | -10.01M | -9.87M | -13.39M |
| Gain (Loss) on Sale of Investments | 642.00K | 475.00K | 47.00K | -252.00K | 49.00K | -469.00K |
| Asset Writedown | -22.38M | -3.82M | -3.82M | |||
| Other Unusual Items | -1.43M | -240.00K | 310.00K | -249.00K | 316.00K | 316.00K |
| Pretax Income | 3.25M | -4.33M | -9.38M | -32.89M | -13.33M | -17.36M |
| Income Tax Expense | 1.75M | -205.00K | -5.97M | -6.13M | -617.00K | -15.00K |
| Net Income | 1.50M | -4.13M | -3.41M | -26.76M | -12.71M | -17.35M |
| Net Income to Common | 1.50M | -4.13M | -3.41M | -26.76M | -12.71M | -17.35M |
| Shares Outstanding (Basic) | 204.84M | 174.99M | 159.52M | 144.73M | 136.78M | 128.23M |
| Shares Outstanding (Diluted) | 209.94M | 174.99M | 159.52M | 144.73M | 136.78M | 128.23M |
| EPS (Basic) | 0.01 | -0.02 | -0.02 | -0.18 | -0.09 | -0.14 |
| EPS (Diluted) | -0.00 | -0.02 | -0.02 | -0.18 | -0.09 | -0.14 |
| Free Cash Flow | -96.80M | -66.79M | -43.55M | -35.58M | -35.19M | -38.97M |
| Free Cash Flow Per Share | -0.46 | -0.38 | -0.27 | -0.25 | -0.26 | -0.30 |
| Dividend Per Share | 0.01 | 0.04 | ||||
| Gross Margin | 94.23% | 92.97% | 96.88% | 84.28% | 100.00% | 100.00% |
| Operating Margin | 22.93% | 10.85% | -39.69% | -287.89% | -304.58% | -442.12% |
| Profit Margin | 6.65% | -26.46% | -33.76% | -877.82% | -318.28% | -439.81% |
| Free Cash Flow Margin | -429.10% | -427.87% | -431.11% | -1,167.22% | -881.27% | -988.13% |
| EBITDA | 10.55M | 4.43M | -727.00K | -7.76M | -10.38M | -15.61M |
| EBITDA Margin | 46.75% | 28.38% | -7.20% | -254.66% | -260.08% | |
| D&A For EBITDA | 5.37M | 2.74M | 3.28M | 1.01M | 1.78M | 1.83M |
| EBIT | 5.17M | 1.69M | -4.01M | -8.78M | -12.16M | -17.44M |
| EBIT Margin | 22.93% | 10.85% | -39.69% | -287.89% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 11.33M | 12.41M | 2.27M | 1.44M | 5.85M | 7.05M |
| Short-Term Investments | 2.80M | 1.55M | 214.00K | 342.00K | 3.84M | 7.20M |
| Cash & Short-Term Investments | 14.14M | 13.96M | 2.48M | 1.78M | 9.69M | 14.25M |
| Receivables | 6.15M | 2.74M | 1.66M | 931.00K | 648.00K | 1.03M |
| Prepaid Expenses | 2.93M | 5.85M | 1.73M | 2.83M | 1.20M | 1.68M |
| Total Current Assets | 23.21M | 22.55M | 5.87M | 5.55M | 11.54M | 16.96M |
| Long-Term Investments | 815.21M | 789.22M | 720.66M | 674.99M | 670.55M | 671.30M |
| Other Long-Term Assets | 791.00K | 162.00K | 240.00K | 319.00K | 324.00K | 353.00K |
| Total Assets | 850.11M | 822.76M | 737.51M | 690.99M | 682.41M | 688.61M |
| Accounts Payable | 4.74M | 4.52M | 3.86M | 3.85M | 3.67M | 6.10M |
| Accrued Expenses | 23.00K | 582.00K | ||||
| Current Portion of Long-Term Debt | 44.00K | |||||
| Current Portion of Leases | 97.00K | 96.00K | ||||
| Other Current Liabilities | 242.00K | 528.00K | ||||
| Total Current Liabilities | 4.83M | 4.62M | 3.86M | 3.85M | 3.98M | 7.21M |
| Long-Term Debt | 49.82M | 32.79M | 9.45M | 9.40M | ||
| Long-Term Leases | 54.00K | 101.00K | 181.00K | 264.00K | 246.00K | 256.00K |
| Long-Term Deferred Tax Liabilities | 120.72M | 118.84M | 124.05M | 131.21M | 135.09M | 135.52M |
| Other Long-Term Liabilities | 1.31M | 1.92M | ||||
| Total Liabilities | 125.61M | 123.56M | 179.21M | 170.04M | 148.76M | 152.40M |
| Common Stock | 773.83M | 752.24M | 595.81M | 556.18M | 551.07M | 551.07M |
| Retained Earnings | -73.80M | -77.36M | -73.23M | -69.82M | -40.17M | -36.52M |
| Comprehensive Income & Other | 24.48M | 24.31M | 35.72M | 34.59M | 22.75M | 21.67M |
| Shareholders' Equity | 724.50M | 699.20M | 558.30M | 520.95M | 533.65M | 536.22M |
| Total Liabilities & Equity | 850.11M | 822.76M | 737.51M | 690.99M | 682.41M | 688.61M |
| Total Debt | 151.00K | 197.00K | 50.00M | 33.06M | 9.74M | 9.66M |
| Net Cash (Debt) | 13.99M | 13.76M | -47.52M | -31.27M | -51.00K | 4.59M |
| Net Cash Per Share | 0.07 | 0.08 | -0.30 | -0.22 | -0.00 | 0.04 |
| Filing Date Shares Outstanding | 231.68M | 230.79M | 170.47M | 145.89M | 144.38M | 143.91M |
| Total Common Shares Outstanding | 230.84M | 224.53M | 170.21M | 145.67M | 143.91M | 143.91M |
| Working Capital | 18.38M | 17.93M | 2.01M | 1.70M | 7.56M | 9.75M |
| Book Value Per Share | 3.14 | 3.11 | 3.28 | 3.58 | 3.71 | 3.73 |
| Tangible Book Value | 724.50M | 699.20M | 558.30M | 520.95M | 533.65M | 536.22M |
| Tangible Book Value Per Share | 3.14 | 3.11 | 3.28 | 3.58 | 3.71 | 3.73 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.50M | -4.13M | -3.41M | -26.76M | -12.71M | -17.35M |
| Depreciation & Amortization | 5.37M | 2.74M | 3.28M | 1.01M | 1.78M | 1.83M |
| Asset Writedown & Restructuring Costs | 22.38M | 3.82M | 3.82M | |||
| Loss (Gain) From Sale of Investments | -642.00K | -475.00K | -47.00K | 252.00K | -49.00K | 469.00K |
| Loss (Gain) on Equity Investments | -763.00K | 80.00K | 64.00K | -172.00K | 152.00K | 296.00K |
| Stock-Based Compensation | 2.86M | 2.75M | 2.34M | 2.81M | 3.32M | 3.15M |
| Other Operating Activities | 4.57M | 5.72M | -1.03M | -4.57M | -5.92M | -5.36M |
| Change in Accounts Receivable | -4.17M | -1.08M | -746.00K | -248.00K | -314.00K | -655.00K |
| Change in Accounts Payable | 356.00K | 751.00K | 214.00K | 69.00K | -8.61M | -8.35M |
| Change in Other Net Operating Assets | 1.73M | -185.00K | 1.87M | -1.65M | 2.76M | 2.89M |
| Operating Cash Flow | 10.81M | 6.17M | 2.54M | -6.88M | -15.77M | -19.26M |
| Capital Expenditures | -107.61M | -72.96M | -46.10M | -28.70M | -19.41M | -19.71M |
| Sale of Property, Plant & Equipment | 3.25M | 3.25M | 112.00K | 32.00K | ||
| Cash Acquisitions | 10.39M | |||||
| Investment in Securities | 994.00K | 431.00K | 174.00K | 3.31M | 20.94M | 16.45M |
| Other Investing Activities | 461.00K | 619.00K | 1.74M | 1.91M | 2.33M | 3.44M |
| Investing Cash Flow | -80.41M | -68.66M | -44.07M | -33.49M | 3.89M | 10.58M |
| Long-Term Debt Issued | 14.62M | 38.52M | 9.40M | |||
| Total Debt Issued | -1.83M | 14.62M | 38.52M | 9.55M | 9.40M | |
| Long-Term Debt Repaid | -29.24M | -90.00K | -237.00K | -60.00K | ||
| Lease Payments | -95.00K | -94.00K | -90.00K | -76.00K | -75.00K | -60.00K |
| Total Debt Repaid | -29.24M | -29.24M | -90.00K | -237.00K | -223.00K | -60.00K |
| Net Debt Issued (Repaid) | -31.08M | -29.24M | 14.53M | 38.28M | 9.33M | 9.34M |
| Issuance of Common Stock | 112.55M | 107.21M | 31.98M | 1.39M | 576.00K | 856.00K |
| Common Dividends Paid | -2.60M | -5.47M | -4.03M | |||
| Other Financing Activities | -3.59M | -5.34M | -4.16M | -1.11M | -547.00K | -342.00K |
| Financing Cash Flow | 77.88M | 72.63M | 42.35M | 35.96M | 3.89M | 5.83M |
| Foreign Exchange Rate Adjustments | 23.00K | 1.00K | ||||
| Net Cash Flow | 8.28M | 10.14M | 824.00K | -4.40M | -7.98M | -2.86M |
| Free Cash Flow | -96.80M | -66.79M | -43.55M | -35.58M | -35.19M | -38.97M |
| Free Cash Flow Margin | -429.10% | -427.87% | -431.11% | -1,167.22% | -881.27% | -988.13% |
| Free Cash Flow Per Share | -0.46 | -0.38 | -0.27 | -0.25 | -0.26 | -0.30 |
| Levered Free Cash Flow | -103.85M | -76.12M | -47.63M | -33.51M | -26.17M | |
| Unlevered Free Cash Flow | -101.14M | -70.95M | -42.60M | -32.36M | -25.78M | |
| Free Cash Flow After Leases | -96.89M | -66.88M | -43.65M | -35.65M | -35.26M | -39.03M |
| Cash Interest Paid | 2.92M | 5.23M | 4.16M | 1.11M | 539.00K | 342.00K |
| Change in Working Capital | -2.09M | -512.00K | 1.34M | -1.83M | -6.17M | -6.12M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 616.27M | 902.44M | 204.87M | 213.84M | 335.32M | 365.54M |
| Enterprise Value | 602.28M | 947.69M | 251.30M | 227.61M | 330.73M | 358.26M |
| Last Close Price | 2.66 | 4.04 | 1.21 | 1.47 | 2.31 | 2.50 |
| Forward PE | 33.89 | 89.78 | ||||
| PS Ratio | 27.32 | 57.81 | 20.28 | 70.16 | 83.98 | 92.68 |
| PB Ratio | 0.85 | 1.29 | 0.37 | 0.41 | 0.63 | 0.68 |
| P/TBV Ratio | 0.85 | 1.29 | 0.37 | 0.41 | 0.63 | 0.68 |
| P/OCF Ratio | 57.00 | 146.26 | 80.56 | |||
| EV/Sales Ratio | 26.70 | 60.71 | 24.87 | 74.67 | 82.83 | 90.84 |
| EV/EBITDA Ratio | 57.10 | 213.93 | ||||
| EV/EBIT Ratio | 116.41 | 559.44 | ||||
| Debt / Equity Ratio | 0.00 | 0.00 | 0.09 | 0.06 | 0.02 | 0.02 |
| Debt / EBITDA Ratio | 0.01 | 0.04 | ||||
| Net Debt / Equity Ratio | -0.02 | -0.02 | 0.09 | 0.06 | 0.00 | -0.01 |
| Net Debt / EBITDA Ratio | -1.33 | -3.11 | -65.36 | -4.03 | -0.01 | 0.29 |
| Net Debt / FCF Ratio | 0.14 | 0.21 | -1.09 | -0.88 | -0.00 | 0.12 |
| Asset Turnover | 0.03 | 0.02 | 0.01 | 0.00 | 0.01 | |
| Quick Ratio | 4.20 | 3.62 | 1.07 | 0.70 | 2.60 | 2.12 |
| Current Ratio | 4.80 | 4.88 | 1.52 | 1.44 | 2.90 | 2.35 |
| Return on Equity (ROE) | 0.23% | -0.66% | -0.63% | -5.07% | -4.56% | |
| Return on Assets (ROA) | 0.41% | 0.14% | -0.35% | -0.80% | -2.25% | |
| Return on Capital Employed (ROCE) | 0.60% | 0.20% | -0.50% | -1.30% | -1.80% | -2.60% |
| Earnings Yield | -0.00% | -0.46% | -1.67% | -12.51% | -3.79% | -4.75% |
| FCF Yield | -15.71% | -7.40% | -21.26% | -16.64% | -10.49% | -10.66% |
| Dividend Yield | 0.68% | 1.57% | ||||
| Buyback Yield / Dilution | -23.55% | -9.70% | -10.22% | -5.81% | -6.67% | -282.15% |
| Total Shareholder Return | -23.55% | -9.70% | -10.22% | -5.13% | -6.67% | -280.58% |