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Financial statements

Contango Silver & Gold Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Contango Silver & Gold Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2023FY2024FY2025
General and administrative2.843.774.445.5910.410.39.0911.210.613.1
Operating income-38.8-33.126.369.1
Interest expense00.33
Interest income0.160.220.07000.030.080.35
Other non-operating income-2.42-3.92-3.6535.8-3.99-0.97-26-64.4-105
Pre-tax income-2.84-6.19-8.36-9.2425.2-23.6-39.7-59.1-38.1-35.8
Income tax00001.3-0.1200-0.080.3
Net income-2.84-6.19-8.36-9.2423.9-23.5-39.7-59.1-38-36.1
EBITDA-38.6-3326.469.2
EPS, basic-0.621.091.33-1.433.82-3.49-5.61-7.14-3.49-2.80
EPS, diluted-0.62-1.09-1.33-1.433.82-3.49-5.61-7.14-3.49-2.80
Shares, basic (weighted)4.615.686.286.486.256.737.098.2810.912.9
Shares, diluted (weighted)4.615.686.286.486.256.737.098.2810.912.9

Balance sheet

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2023FY2024FY2025
Cash and equivalents5.1913.88.63.0135.223.111.615.520.164.8
Other current assets0.180.160.160.070.520.450.411.111.113.29
Total current assets5.37148.763.0835.923.812.316.922.168.3
Property, plant and equipment0.0413.513.413.350.652.1
Long-term investments00.714.44
Other non-current assets0.0413.513.441.7112104
Total assets5.37148.763.083637.325.758.6134172
Accounts payable0.050.010.070.080.030.630.220.250.421.01
Accrued liabilities0.090.250.351.010.20.872.082.242.84.34
Short-term debt007.942.64
Total current liabilities0.140.260.421.090.221.52.313.175.876.3
Long-term debt019.225.536.826.429.9
Total liabilities0.140.26-74.71.091.422430.473.1133147
Total debt00019,24025,45744.76933.9
Paid-in capital40.554.957.961.369.574.193.4124178238
Retained earnings-35.1-41.3-49.7-58.9-35-58.5-98.3-139-177-213
Treasury stock-0.21-0.480-2.320-0.05-0.05-0.05
Other comprehensive income0
Shareholders' equity5.2313.783.41.9934.513.3-4.77-14.51.2725.1
Total equity5.2313.783.41.9934.513.3-4.77-14.51.2725.1
Total liabilities and equity5.37148.763.083637.325.758.6134172
Shares outstanding4.926.156.366.566.686.777.789.4512.215

Cash flow statement

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2023FY2024FY2025
Net income-2.84-6.19-8.36-9.2423.9-23.5-39.7-59.1-38-36.1
Depreciation and amortization00.060.140.120.120.14
Stock-based compensation1.792.472.993.373.893.992.932.962.643.36
Deferred income tax000-0.090.31
Change in payables0.020.120.160.67-0.871.270.791.09-1.330.45
Cash from operations-1.14-1-1.07-1.39-8.38-13.9-14.7-13.60.725.7
Capital expenditures-0.04-0.040
Acquisitions0-11.6-0-0.82-0.35
Sales and maturities of investments01.03
Cash from investing-2.58-4.14-3.7227.4-15.4-21.1-46.2-32.10.51
Debt issued0207.6527.6300
Debt repaid00-7.9-37.5
Cash from financing5.0812.2-0.4813.217.424.466.53618.4
Net change in cash3.948.62-5.21-5.5932.2-11.9-11.46.744.5844.6
Free cash flow-8.41-14-14.7
Interest paid01.321.837.233.82
Income taxes paid1.50.22000.66-0.55

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $18.55 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-11.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-7.8%Net income / average total assets.
Return on invested capital (ROIC)6.6%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

MetricValueHow it is calculated
Operating income growth, 1y162.9%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y162.2%EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y3,582.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y1,872.0%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 5y-6.2%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y28.4%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 5y36.7%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y18.4%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y15.6%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.06xCurrent assets / current liabilities.
Quick ratio1.00x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.00x(Cash + short-term investments) / current liabilities.
Debt / equity0.10xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets6.5%Total debt / total assets.
Liabilities / assets33.3%Total liabilities / total assets.
Net debt-$56.9MTotal debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA-2.45xNet debt / EBITDA (twelve months), when EBITDA is positive.
Working capital$5.7MCurrent assets - current liabilities.
Tangible book value$331.5MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.18Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share-$1.86Cash from operations / diluted weighted shares.
Book value per share$10.25Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$10.25Tangible book value / shares outstanding.
Cash per share$2.75(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$620.3MShare price x shares outstanding.
Enterprise value$563.4MMarket cap + total debt - cash - short-term investments.
P/B1.87xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.87xMarket cap / tangible book value, when positive.
EV/EBIT24.4xEnterprise value / operating income, when both are positive.
EV/EBITDA24.3xEnterprise value / EBITDA, when both are positive.
Earnings yield-6.3%Net income / market cap (the inverse of P/E).
Was Contango Silver & Gold Inc. profitable in fiscal 2025?

No. It reported a net loss of $36.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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