U.S. Goldmining Inc. Financials
This page shows U.S. Goldmining Inc. (USGO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of U.S. Goldmining Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
U.S. Goldmining Inc. carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 13.57, U.S. Goldmining Inc. holds $13.57 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
U.S. Goldmining Inc. generates a -91.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -190.9% the prior year.
U.S. Goldmining Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, U.S. Goldmining Inc. generates $0.84 in operating cash flow (-$5.8M OCF vs -$7.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
U.S. Goldmining Inc.'s EBITDA was -$7.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.5% from the prior year.
U.S. Goldmining Inc. reported -$7.0M in net income in fiscal year 2025. This represents an increase of 17.6% from the prior year.
U.S. Goldmining Inc. earned $-0.55 per diluted share (EPS) in fiscal year 2025. This represents an increase of 19.1% from the prior year.
Cash & Balance Sheet
U.S. Goldmining Inc. held $7.4M in cash against $0 in long-term debt as of fiscal year 2025.
U.S. Goldmining Inc. had 13M shares outstanding in fiscal year 2025. This represents an increase of 6.8% from the prior year.
Margins & Returns
U.S. Goldmining Inc.'s ROE was -91.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 99.1 percentage points from the prior year.
Capital Allocation
USGO Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $700K+5.0% | $666K-36.9% | $1.1M | N/A | $478K-26.8% | $653K-1.5% | $663K |
| Operating Income | N/A | -$2.8M-205.9% | -$927K+29.7% | -$1.3M | N/A | -$4.4M-175.0% | -$1.6M-45.5% | -$1.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | $61-98.2% | $3K | N/A | $1K-57.3% | $3K | N/A |
| Net Income | N/A | -$2.8M-211.0% | -$905K+29.9% | -$1.3M | N/A | -$4.3M-192.2% | -$1.5M-54.5% | -$962K |
| EPS (Diluted) | N/A | $-0.22-214.3% | $-0.07+30.0% | $-0.10 | N/A | $-0.35-191.7% | $-0.12-50.0% | $-0.08 |
USGO Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.4M+79.3% | $4.7M+7.0% | $4.4M+4.9% | $4.2M-18.5% | $5.1M-19.0% | $6.4M-39.5% | $10.5M-13.5% | $12.1M |
| Current Assets | $7.6M+99.3% | $3.8M+10.2% | $3.5M+7.7% | $3.2M-22.1% | $4.1M-22.1% | $5.3M-43.7% | $9.4M-15.8% | $11.2M |
| Cash & Equivalents | $7.4M+124.3% | $3.3M+3.6% | $3.2M+7.3% | $3.0M-23.7% | $3.9M-11.8% | $4.4M-46.5% | $8.2M-23.5% | $10.7M |
| Inventory | $29K+94.6% | $15K-57.8% | $35K0.0% | $35K0.0% | $35K-3.7% | $36K+6.7% | $34K+24.5% | $27K |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $837K-2.8% | $861K+11.8% | $770K-11.5% | $870K+23.6% | $704K-26.5% | $957K+19.6% | $800K-20.3% | $1.0M |
| Current Liabilities | $559K-3.9% | $581K+19.6% | $486K-17.4% | $588K+40.0% | $420K-36.9% | $666K+31.1% | $508K-28.3% | $709K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $7.6M+97.6% | $3.9M+6.0% | $3.6M+9.2% | $3.3M-25.2% | $4.4M-17.7% | $5.4M-44.3% | $9.7M-12.8% | $11.1M |
| Retained Earnings | -$30.2M-7.0% | -$28.2M-11.1% | -$25.4M-3.7% | -$24.5M-5.6% | -$23.2M-7.9% | -$21.5M-25.3% | -$17.2M-9.5% | -$15.7M |
USGO Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.1M+60.5% | -$2.9M-233.5% | -$871K+5.5% | -$921K+17.2% | -$1.1M+70.9% | -$3.8M-62.4% | -$2.4M-403.5% | -$467K |
| Capital Expenditures | N/A | N/A | N/A | N/A | $1+200.0% | -$1-100.0% | $170K+8844.0% | $2K |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$1.1M+70.9% | -$3.8M-51.5% | -$2.5M-437.7% | -$469K |
| Investing Cash Flow | N/A | N/A | N/A | N/A | -$1-200.0% | $1+100.0% | -$170K-8844.0% | -$2K |
| Financing Cash Flow | $5.2M+76.0% | $3.0M | N/A | N/A | $590K+18228.3% | $3K-2.1% | $3K-11.2% | $4K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
USGO Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | -73.1%-48.2pp | -24.9%+13.9pp | -38.8% | N/A | -80.5%-65.2pp | -15.3%-6.7pp | -8.6% |
| Return on Assets | N/A | -59.7%-39.2pp | -20.6%+10.2pp | -30.8% | N/A | -68.4%-54.2pp | -14.2%-6.2pp | -7.9% |
| Current Ratio | 13.57+7.0 | 6.55-0.6 | 7.11+1.7 | 5.45-4.3 | 9.80+1.9 | 7.94-10.5 | 18.48+2.7 | 15.74 |
| Debt-to-Equity | 0.11-0.1 | 0.22+0.0 | 0.21-0.0 | 0.26+0.1 | 0.16-0.0 | 0.18+0.1 | 0.080.0 | 0.09 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is U.S. Goldmining Inc. profitable?
No, U.S. Goldmining Inc. (USGO) reported a net income of -$7.0M in fiscal year 2025.
What is U.S. Goldmining Inc.'s EBITDA?
U.S. Goldmining Inc. (USGO) had EBITDA of -$7.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is U.S. Goldmining Inc.'s return on equity (ROE)?
U.S. Goldmining Inc. (USGO) has a return on equity of -91.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is U.S. Goldmining Inc.'s operating cash flow?
U.S. Goldmining Inc. (USGO) generated -$5.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are U.S. Goldmining Inc.'s total assets?
U.S. Goldmining Inc. (USGO) had $8.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is U.S. Goldmining Inc.'s current ratio?
U.S. Goldmining Inc. (USGO) had a current ratio of 13.57 as of fiscal year 2025, which is generally considered healthy.
What is U.S. Goldmining Inc.'s debt-to-equity ratio?
U.S. Goldmining Inc. (USGO) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is U.S. Goldmining Inc.'s return on assets (ROA)?
U.S. Goldmining Inc. (USGO) had a return on assets of -82.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is U.S. Goldmining Inc.'s cash runway?
Based on fiscal year 2025 data, U.S. Goldmining Inc. (USGO) had $7.4M in cash against an annual operating cash burn of $5.8M. This gives an estimated cash runway of approximately 15 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is U.S. Goldmining Inc.'s Piotroski F-Score?
U.S. Goldmining Inc. (USGO) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are U.S. Goldmining Inc.'s earnings high quality?
U.S. Goldmining Inc. (USGO) has an earnings quality ratio of 0.84x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is U.S. Goldmining Inc.?
U.S. Goldmining Inc. (USGO) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.