NYSEAMERICAN : NFGC
New Found Gold Corp. — Financial statements
Materials · Gold · Canada
Last price 1.6 USD (Oct 30, 2026, 10:28 AM EDT) · Market cap 615.55M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
New Found Gold Corp. (NFGC) reported revenue of 31.42M CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 31.42M | 5.81M | ||||
| Cost of Revenue | 27.94M | 5.69M | ||||
| Gross Profit | 3.48M | 118.25K | ||||
| Selling, General & Admin | 13.87M | 11.66M | 6.86M | 6.44M | 7.28M | 5.94M |
| Operating Expenses | 76.67M | 59.32M | 60.32M | 102.84M | 88.07M | 56.43M |
| Operating Income | -73.19M | -59.20M | -60.32M | -102.84M | -88.07M | -56.43M |
| Interest Expense | -1.31M | -112.57K | -25.11K | -27.12K | -15.99K | -7.49K |
| Interest & Investment Income | 2.14M | 1.42M | 2.87M | 2.79M | 1.22M | 122.71K |
| Earnings From Equity Investments | -796.00K | |||||
| Currency Exchange Gain (Loss) | -185.32K | -185.32K | 224.29K | 101.96K | -43.05K | 2.45K |
| Other Non Operating Income (Expenses) | 12.36M | 7.56M | 11.64M | 22.30M | 16.52M | 6.36M |
| EBT Excluding Unusual Items | -60.18M | -50.53M | -45.61M | -78.47M | -70.39M | -49.96M |
| Merger & Restructuring Charges | -4.79M | -4.79M | ||||
| Gain (Loss) on Sale of Investments | 7.06M | 7.35M | -2.91M | -5.08M | -19.61M | -1.18M |
| Gain (Loss) on Sale of Assets | 4.21M | 12.16K | 499.42K | |||
| Legal Settlements | -1.75M | |||||
| Other Unusual Items | 33.60K | |||||
| Pretax Income | -57.91M | -47.97M | -50.27M | -79.31M | -89.99M | -50.64M |
| Income Tax Expense | 346.61K | -394.57K | 584.12K | |||
| Net Income | -58.26M | -47.57M | -50.27M | -79.89M | -89.99M | -50.64M |
| Net Income to Common | -58.26M | -47.57M | -50.27M | -79.89M | -89.99M | -50.64M |
| Shares Outstanding (Basic) | 257.84M | 234.64M | 194.03M | 178.36M | 166.86M | 154.95M |
| Shares Outstanding (Diluted) | 257.84M | 234.64M | 194.03M | 178.36M | 166.86M | 154.95M |
| EPS (Basic) | -0.23 | -0.20 | -0.26 | -0.45 | -0.54 | -0.33 |
| EPS (Diluted) | -0.23 | -0.20 | -0.26 | -0.45 | -0.54 | -0.33 |
| Free Cash Flow | -83.40M | -58.41M | -60.17M | -100.97M | -79.94M | -53.94M |
| Free Cash Flow Per Share | -0.32 | -0.25 | -0.31 | -0.57 | -0.48 | -0.35 |
| Gross Margin | 11.07% | 2.04% | ||||
| Operating Margin | -232.95% | -1,019.53% | ||||
| Profit Margin | -185.44% | -819.23% | ||||
| Free Cash Flow Margin | -265.48% | -1,005.81% | ||||
| EBITDA | -72.08M | -58.38M | -59.50M | -102.04M | -87.30M | -55.92M |
| D&A For EBITDA | 1.10M | 827.88K | 813.65K | 802.14K | 777.11K | 513.12K |
| EBIT | -73.19M | -59.20M | -60.32M | -102.84M | -88.07M | -56.43M |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 193.83M | 58.84M | 22.32M | 53.88M | 82.17M | 100.48M |
| Trading Asset Securities | 9.33M | 8.90M | 926.02K | 3.60M | 7.50M | 31.94M |
| Cash & Short-Term Investments | 203.16M | 67.73M | 23.24M | 57.48M | 89.67M | 132.43M |
| Other Receivables | 9.84M | 4.33M | 2.21M | 3.37M | 3.14M | 1.81M |
| Receivables | 9.84M | 4.33M | 5.03M | 3.37M | 3.14M | 1.81M |
| Inventory | 15.16M | 8.82M | ||||
| Prepaid Expenses | 1.95M | 3.35M | 1.48M | 1.52M | 1.22M | 1.97M |
| Other Current Assets | 303.83K | 319.47K | ||||
| Total Current Assets | 230.11M | 84.23M | 29.75M | 62.38M | 94.33M | 136.52M |
| Property, Plant & Equipment | 347.81M | 328.21M | 42.56M | 16.89M | 16.35M | 11.54M |
| Long-Term Investments | 1.53M | 2.86M | ||||
| Goodwill | 124.54M | 121.07M | ||||
| Other Long-Term Assets | 3.22M | 2.62M | 179.70K | |||
| Total Assets | 705.68M | 536.13M | 74.02M | 84.58M | 110.69M | 148.06M |
| Accounts Payable | 14.31M | 8.68M | 3.08M | 5.19M | 5.31M | 2.54M |
| Accrued Expenses | 12.93M | 4.01M | 1.82M | 18.89K | 276.02K | 31.03K |
| Current Portion of Long-Term Debt | 7.26M | 100.28K | 2.43M | |||
| Current Portion of Leases | 177.76K | 197.50K | 53.78K | 88.96K | 81.39K | 54.25K |
| Current Unearned Revenue | 8.25M | 8.68M | 12.43M | 20.06M | 10.13M | |
| Other Current Liabilities | 1.29M | 1.41M | ||||
| Total Current Liabilities | 42.93M | 21.67M | 7.38M | 19.01M | 27.14M | 12.76M |
| Long-Term Debt | 59.80M | 503.42K | ||||
| Long-Term Leases | 704.19K | 340.15K | 69.32K | 68.84K | 68.84K | 46.60K |
| Long-Term Unearned Revenue | 12.60M | |||||
| Long-Term Deferred Tax Liabilities | 83.23M | 83.65M | ||||
| Other Long-Term Liabilities | 11.01M | 10.87M | ||||
| Total Liabilities | 197.67M | 117.03M | 7.45M | 19.08M | 27.21M | 25.40M |
| Common Stock | 822.49M | 703.26M | 341.35M | 290.24M | 229.63M | 181.80M |
| Retained Earnings | -386.08M | -357.34M | -309.76M | -259.50M | -179.61M | -89.62M |
| Comprehensive Income & Other | 71.60M | 73.17M | 34.99M | 34.76M | 33.45M | 30.47M |
| Shareholders' Equity | 508.01M | 419.10M | 66.57M | 65.50M | 83.47M | 122.65M |
| Total Liabilities & Equity | 705.68M | 536.13M | 74.02M | 84.58M | 110.69M | 148.06M |
| Total Debt | 67.94M | 1.14M | 2.55M | 157.80K | 150.23K | 100.85K |
| Net Cash (Debt) | 135.22M | 66.59M | 20.69M | 57.32M | 89.52M | 132.33M |
| Net Cash Per Share | 0.52 | 0.28 | 0.11 | 0.32 | 0.54 | 0.85 |
| Filing Date Shares Outstanding | 385.23M | 345.21M | 200.61M | 189.09M | 175.38M | 164.24M |
| Total Common Shares Outstanding | 384.36M | 342.33M | 200.46M | 186.87M | 175.38M | 164.21M |
| Working Capital | 187.18M | 62.56M | 22.37M | 43.37M | 67.19M | 123.76M |
| Book Value Per Share | 1.32 | 1.22 | 0.33 | 0.35 | 0.48 | 0.75 |
| Tangible Book Value | 383.47M | 298.02M | 66.57M | 65.50M | 83.47M | 122.65M |
| Tangible Book Value Per Share | 1.00 | 0.87 | 0.33 | 0.35 | 0.48 | 0.75 |
| Machinery | 247.57M | 168.81M | 3.42M | 2.45M | 1.39M | |
| Construction In Progress | 27.34M | 14.82M |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -58.26M | -47.57M | -50.27M | -79.89M | -89.99M | -50.64M |
| Depreciation & Amortization | 1.10M | 827.88K | 813.65K | 948.21K | 880.40K | 611.53K |
| Loss (Gain) From Sale of Assets | -4.12M | -12.16K | -499.42K | |||
| Loss (Gain) From Sale of Investments | -708.44K | -1.00M | 5.08M | 19.61M | 1.18M | |
| Loss (Gain) on Equity Investments | -6.35M | -6.35M | 2.91M | 796.00K | ||
| Stock-Based Compensation | 8.42M | 6.28M | 889.04K | 1.41M | 8.49M | 7.61M |
| Other Operating Activities | -11.23M | -8.33M | -11.32M | -22.86M | -17.15M | -6.61M |
| Change in Accounts Receivable | -6.87M | -470.75K | 1.09M | 2.84K | ||
| Change in Inventory | -9.18M | 1.26M | ||||
| Change in Accounts Payable | 17.62M | 1.53M | 164.64K | -170.69K | 4.33M | 1.64M |
| Change in Other Net Operating Assets | -654.83K | -1.33M | 38.82K | -433.96K | -542.10K | -1.81M |
| Operating Cash Flow | -60.98M | -55.15M | -55.68M | -99.27M | -74.38M | -48.51M |
| Capital Expenditures | -22.42M | -3.26M | -4.48M | -1.70M | -5.56M | -5.42M |
| Sale of Property, Plant & Equipment | 9.08K | 12.16K | ||||
| Cash Acquisitions | 9.03M | 9.03M | ||||
| Investment in Securities | 3.53M | 1.10M | -174.50K | 4.83M | -11.54M | |
| Other Investing Activities | -809.57K | -37.02K | 198.34K | -2.58M | -16.29K | -111.13K |
| Investing Cash Flow | -14.20M | 9.26M | -3.19M | -4.44M | -737.87K | -17.07M |
| Long-Term Debt Repaid | -58.56K | -134.00K | -143.96K | -121.78K | -100.50K | |
| Lease Payments | -131.98K | -35.72K | -134.00K | -143.96K | -121.78K | -100.50K |
| Total Debt Repaid | -215.72K | -58.56K | -134.00K | -143.96K | -121.78K | -100.50K |
| Net Debt Issued (Repaid) | 69.08M | -58.56K | -134.00K | -143.96K | -121.78K | -100.50K |
| Issuance of Common Stock | 141.16M | 86.54M | 28.38M | 79.12M | 60.25M | 122.89M |
| Other Financing Activities | -7.71M | -4.06M | -949.76K | -3.54M | -3.33M | -4.46M |
| Financing Cash Flow | 202.53M | 82.43M | 27.30M | 75.43M | 56.80M | 118.34M |
| Foreign Exchange Rate Adjustments | 62.67K | -21.97K | 2.86K | |||
| Net Cash Flow | 127.41M | 36.52M | -31.57M | -28.28M | -18.32M | 52.75M |
| Free Cash Flow | -83.40M | -58.41M | -60.17M | -100.97M | -79.94M | -53.94M |
| Free Cash Flow Margin | -265.48% | -1,005.81% | ||||
| Free Cash Flow Per Share | -0.32 | -0.25 | -0.31 | -0.57 | -0.48 | -0.35 |
| Levered Free Cash Flow | -69.92M | -26.73M | -56.13M | -72.00M | -37.46M | -22.11M |
| Unlevered Free Cash Flow | -69.10M | -26.66M | -56.11M | -71.98M | -37.45M | -22.10M |
| Free Cash Flow After Leases | -83.54M | -58.44M | -60.30M | -101.11M | -80.06M | -54.04M |
| Cash Interest Paid | 143.49K | 52.51K | 25.11K | 27.12K | ||
| Change in Working Capital | 6.04M | 990.43K | 1.29M | -604.65K | 3.79M | -170.18K |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 573.46M | 1.01B | 358.05M | 660.82M | 706.22M | 1.17B |
| Enterprise Value | 476.68M | 958.36M | 329.86M | 638.50M | 659.83M | 1.08B |
| Last Close Price | 1.49 | 2.97 | 1.82 | 3.50 | 4.04 | 7.15 |
| PS Ratio | 25.92 | 238.61 | ||||
| PB Ratio | 1.60 | 3.31 | 7.74 | 13.32 | 11.45 | 12.03 |
| P/TBV Ratio | 2.12 | 4.65 | 7.74 | 13.32 | 11.45 | 12.03 |
| EV/Sales Ratio | 21.55 | 226.28 | ||||
| Debt / Equity Ratio | 0.13 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 |
| Net Debt / Equity Ratio | -0.27 | -0.16 | -0.31 | -0.88 | -1.07 | -1.08 |
| Net Debt / EBITDA Ratio | 1.88 | 1.14 | 0.35 | 0.56 | 1.02 | 2.37 |
| Net Debt / FCF Ratio | 1.62 | 1.14 | 0.34 | 0.57 | 1.12 | 2.45 |
| Asset Turnover | 0.08 | 0.02 | ||||
| Quick Ratio | 4.96 | 3.33 | 3.45 | 3.20 | 3.42 | 10.52 |
| Current Ratio | 5.36 | 3.89 | 4.03 | 3.28 | 3.48 | 10.70 |
| Return on Equity (ROE) | -19.41% | -19.59% | -76.12% | -107.25% | -87.31% | -51.79% |
| Return on Assets (ROA) | -11.17% | -12.13% | -47.54% | -65.83% | -42.55% | -31.83% |
| Return on Capital Employed (ROCE) | -11.00% | -11.50% | -90.50% | -156.80% | -105.40% | -41.70% |
| Earnings Yield | -10.84% | -3.43% | -9.76% | -9.15% | -9.41% | -3.43% |
| FCF Yield | -10.40% | -4.21% | -11.68% | -11.57% | -8.36% | -3.65% |
| Buyback Yield / Dilution | -27.33% | -20.93% | -8.79% | -6.89% | -7.69% | -37.54% |