NYSEAMERICAN : TMQ
Trilogy Metals Inc. — Financial statements
Materials · Other Industrial Metals & Mining · Canada
Last price 2.19 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 393.85M
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Financial statements
Income statement
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 11.86M | 9.11M | 6.59M | 7.04M | 6.70M | 7.81M |
| Amortization of Goodwill & Intangibles | 4.00K | 8.00K | 17.00K | 21.00K | ||
| Operating Expenses | 12.05M | 9.28M | 6.63M | 7.09M | 6.85M | 7.98M |
| Operating Income | -12.05M | -9.28M | -6.63M | -7.09M | -6.85M | -7.98M |
| Interest & Investment Income | 1.57M | 1.16M | 748.00K | 120.00K | 34.00K | 16.00K |
| Earnings From Equity Investments | -22.39M | -11.39M | -2.64M | -7.84M | -17.36M | -13.08M |
| Currency Exchange Gain (Loss) | 36.00K | 17.00K | 1.00K | -5.00K | 18.00K | -36.00K |
| Other Non Operating Income (Expenses) | -15.02M | -22.75M | -72.00K | -130.00K | -183.00K | -580.00K |
| EBT Excluding Unusual Items | -47.86M | -42.24M | -8.59M | -14.95M | -24.34M | -21.66M |
| Gain (Loss) on Sale of Assets | 84.00K | |||||
| Pretax Income | -47.86M | -42.24M | -8.59M | -14.95M | -24.26M | -21.66M |
| Earnings From Continuing Operations | -47.86M | -42.24M | -8.59M | -14.95M | -24.26M | -21.66M |
| Net Income | -47.86M | -42.24M | -8.59M | -14.95M | -24.26M | -21.66M |
| Net Income to Common | -47.86M | -42.24M | -8.59M | -14.95M | -24.26M | -21.66M |
| Shares Outstanding (Basic) | 171.32M | 164.82M | 159.83M | 152.65M | 145.72M | 144.43M |
| Shares Outstanding (Diluted) | 171.32M | 164.82M | 159.83M | 152.65M | 145.72M | 144.43M |
| EPS (Basic) | -0.28 | -0.26 | -0.05 | -0.10 | -0.17 | -0.15 |
| EPS (Diluted) | -0.28 | -0.26 | -0.05 | -0.10 | -0.17 | -0.15 |
| Free Cash Flow | -5.45M | -3.25M | -1.83M | -3.09M | -3.94M | -5.12M |
| Free Cash Flow Per Share | -0.03 | -0.02 | -0.01 | -0.02 | -0.03 | -0.04 |
| EBITDA | -9.27M | -6.62M | -7.08M | -6.74M | -7.96M | |
| D&A For EBITDA | 4.00K | 4.00K | 8.00K | 107.00K | 21.00K | |
| EBIT | -12.05M | -9.28M | -6.63M | -7.09M | -6.85M | -7.98M |
Balance sheet
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 31.21M | 51.61M | 25.83M | 2.59M | 2.57M | 6.31M |
| Short-Term Investments | 338.00K | 193.00K | 195.00K | 259.00K | 320.00K | 285.00K |
| Cash & Short-Term Investments | 31.55M | 51.81M | 26.03M | 2.85M | 2.89M | 6.59M |
| Other Receivables | 93.00K | 118.00K | 16.00K | 33.00K | 17.00K | 19.00K |
| Receivables | 93.00K | 118.00K | 16.00K | 33.00K | 17.00K | 19.00K |
| Total Current Assets | 31.64M | 51.92M | 26.05M | 2.88M | 2.91M | 6.61M |
| Property, Plant & Equipment | 85.00K | 117.00K | 155.00K | 117.00K | 331.00K | 630.00K |
| Long-Term Investments | 109.03M | 105.26M | 107.50M | 135.02M | 142.75M | 160.06M |
| Total Assets | 140.75M | 157.30M | 133.70M | 138.02M | 146.00M | 167.31M |
| Accounts Payable | 220.00K | 646.00K | 196.00K | 146.00K | 188.00K | 205.00K |
| Accrued Expenses | 641.00K | 1.68M | 560.00K | 286.00K | 157.00K | 647.00K |
| Current Portion of Leases | 45.00K | 41.00K | 37.00K | 33.00K | 189.00K | 179.00K |
| Other Current Liabilities | 22.97M | 30.74M | ||||
| Total Current Liabilities | 23.88M | 33.11M | 793.00K | 465.00K | 534.00K | 1.03M |
| Long-Term Leases | 36.00K | 70.00K | 110.00K | 33.00K | 235.00K | |
| Total Liabilities | 23.91M | 33.18M | 903.00K | 465.00K | 567.00K | 1.27M |
| Common Stock | 228.10M | 225.24M | 190.50M | 187.89M | 182.18M | 180.82M |
| Additional Paid-In Capital | 34.54M | 31.52M | 32.69M | 31.48M | 30.11M | 27.82M |
| Retained Earnings | -145.81M | -132.64M | -90.40M | -81.81M | -66.86M | -42.60M |
| Shareholders' Equity | 116.84M | 124.12M | 132.79M | 137.56M | 145.43M | 166.04M |
| Total Liabilities & Equity | 140.75M | 157.30M | 133.70M | 138.02M | 146.00M | 167.31M |
| Total Debt | 81.00K | 111.00K | 147.00K | 33.00K | 222.00K | 414.00K |
| Net Cash (Debt) | 31.47M | 51.70M | 25.88M | 2.82M | 2.67M | 6.18M |
| Net Cash Per Share | 0.18 | 0.31 | 0.16 | 0.02 | 0.02 | 0.04 |
| Filing Date Shares Outstanding | 181.36M | 172.55M | 163.94M | 159.75M | 148.72M | 145.46M |
| Total Common Shares Outstanding | 172.95M | 171.07M | 161.09M | 155.93M | 146.23M | 145.01M |
| Working Capital | 7.76M | 18.81M | 25.25M | 2.42M | 2.38M | 5.58M |
| Book Value Per Share | 0.68 | 0.73 | 0.82 | 0.88 | 0.99 | 1.15 |
| Tangible Book Value | 116.84M | 124.12M | 132.79M | 137.56M | 145.43M | 166.04M |
| Tangible Book Value Per Share | 0.68 | 0.73 | 0.82 | 0.88 | 0.99 | 1.15 |
| Machinery | 178.00K | |||||
| Leasehold Improvements | 53.00K |
Cash flow statement
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -47.86M | -42.24M | -8.59M | -14.95M | -24.26M | -21.66M |
| Depreciation & Amortization | 4.00K | 8.00K | 107.00K | 21.00K | ||
| Loss (Gain) From Sale of Assets | -84.00K | |||||
| Loss (Gain) on Equity Investments | 22.39M | 11.39M | 2.64M | 7.84M | 17.36M | 13.08M |
| Stock-Based Compensation | 4.81M | 3.34M | 3.52M | 3.89M | 3.43M | 3.47M |
| Other Operating Activities | 14.75M | 22.60M | 194.00K | 115.00K | 80.00K | -5.00K |
| Change in Accounts Receivable | 34.00K | 8.00K | 17.00K | 7.00K | 2.00K | 110.00K |
| Change in Accounts Payable | 417.00K | 1.66M | 324.00K | -64.00K | -506.00K | -36.00K |
| Change in Other Net Operating Assets | 6.00K | 2.00K | 64.00K | 61.00K | -64.00K | -101.00K |
| Operating Cash Flow | -5.45M | -3.25M | -1.83M | -3.09M | -3.94M | -5.12M |
| Sale of Property, Plant & Equipment | 142.00K | |||||
| Cash Acquisitions | -1.00M | -1.00M | ||||
| Investment in Securities | -17.00M | 25.00M | ||||
| Other Investing Activities | -119.00K | |||||
| Investing Cash Flow | -18.00M | -1.00M | 25.00M | 142.00K | -119.00K | |
| Issuance of Common Stock | 31.23M | 30.01M | 74.00K | 3.12M | 54.00K | 416.00K |
| Financing Cash Flow | 31.23M | 30.01M | 74.00K | 3.12M | 54.00K | 416.00K |
| Foreign Exchange Rate Adjustments | 63.00K | 17.00K | -2.00K | -5.00K | 4.00K | 3.00K |
| Net Cash Flow | 7.84M | 25.78M | 23.24M | 17.00K | -3.73M | -4.82M |
| Free Cash Flow | -5.45M | -3.25M | -1.83M | -3.09M | -3.94M | -5.12M |
| Free Cash Flow Per Share | -0.03 | -0.02 | -0.01 | -0.02 | -0.03 | -0.04 |
| Levered Free Cash Flow | 20.70M | 29.75M | -277.50K | -466.50K | -1.25M | -1.42M |
| Unlevered Free Cash Flow | 20.70M | 29.75M | -277.50K | -466.50K | -1.25M | -1.42M |
| Change in Working Capital | 457.00K | 1.67M | 405.00K | 4.00K | -568.00K | -27.00K |
Ratios
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 410.03M | 728.53M | 183.80M | 64.32M | 84.26M | 244.87M |
| Enterprise Value | 378.77M | 705.33M | 158.83M | 60.91M | 81.03M | 238.10M |
| Last Close Price | 2.19 | 4.28 | 1.23 | 0.43 | 0.59 | 1.70 |
| PB Ratio | 3.37 | 5.87 | 1.38 | 0.47 | 0.58 | 1.48 |
| P/TBV Ratio | 3.37 | 5.87 | 1.38 | 0.47 | 0.58 | 1.48 |
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Debt / Equity Ratio | -0.27 | -0.42 | -0.20 | -0.02 | -0.02 | -0.04 |
| Net Debt / EBITDA Ratio | 5.57 | 3.91 | 0.40 | 0.40 | 0.78 | |
| Net Debt / FCF Ratio | 5.77 | 15.92 | 14.16 | 0.91 | 0.68 | 1.21 |
| Quick Ratio | 1.32 | 1.57 | 32.84 | 6.20 | 5.45 | 6.41 |
| Current Ratio | 1.32 | 1.57 | 32.84 | 6.20 | 5.45 | 6.41 |
| Return on Equity (ROE) | -38.99% | -32.88% | -6.35% | -10.57% | -15.58% | -12.38% |
| Return on Assets (ROA) | -5.58% | -3.98% | -3.05% | -3.12% | -2.73% | -2.83% |
| Return on Capital Employed (ROCE) | -10.30% | -7.50% | -5.00% | -5.20% | -4.70% | -4.80% |
| Earnings Yield | -12.31% | -5.80% | -4.67% | -23.24% | -28.79% | -8.85% |
| FCF Yield | -1.38% | -0.45% | -1.00% | -4.81% | -4.67% | -2.09% |
| Buyback Yield / Dilution | -5.07% | -3.12% | -4.71% | -4.75% | -0.90% | 0.12% |