GRAN TIERRA ENERGY INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data GRAN TIERRA ENERGY 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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue		422	613	571	238	474	711	637	622	597
Cost of revenue						147	173	201	221	266
Gross profit						326	539	436	401	331
General and administrative	33.2	39	39.5	36.5	25.4	36.3	41	45.8	51.1	60.1
Interest expense	14.1	13.9	27.4	43.3	54.1	54.4	46.5	55.8	80.5	101
Pre-tax income	-650	37.3	151	96	-853	23.1	245	106	44.6	-233
Income tax	-185	69	48.9	57.3	-75.4	-19.3	106	112	41.4	-39.8
Income from continuing operations	-466
Net income	-466	-31.7	103	38.7	-778	42.5	139	-6.29	3.22	-193
EPS, basic	-13.90	-0.77	2.49	0.96	-20.32	1.16	3.81	-0.19	0.10	-5.45
EPS, diluted	-13.90	-0.77	2.49	0.96	-20.32	1.15	3.76	-0.19	0.10	-5.45
Shares, basic (weighted)	33.5	41.4	40.8	39.3	38.3	36.7	36.4	33.5	32	35.4
Shares, diluted (weighted)	33.5	41.4	44.6	39.3	38.3	36.8	36.9	33.5	32	35.4

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	25.2	12.3	51	8.3	13.7	26.1	127	62.1	103	82.9
Short-term investments	0	25.1	32.7	94.7	48.3
Receivables	45.7	45.4	26.2	36.3	8.04	13.2	10.7	12.4	35.5	32.9
Inventory	7.77	7.08				14.5	20.2	29	43.1	55.4
Other current assets		9.89	13.1	15	13.5	16.6	10.8	8.48	10.5	5.04
Total current assets	132	145	203	291	134	102	169	112	211	214
Property, plant and equipment	1,067	1,099	1,313	1,577	964	996	1,101	1,143	1,423	1,304
Goodwill	103	103	103	103	0
Long-term investments		19.1	8.71	0
Other non-current assets	23.6	6.11	4.55	4.13	3.43	12.5	15.3	7.96	7.04	9.95
Total assets	1,368	1,430	1,677	2,045	1,202	1,189	1,336	1,326	1,655	1,586
Accounts payable	107	126	155	196	101	149	168	123	173	195
Accrued liabilities								6.22	5.7	6.12
Short-term debt					0	67	0	35.6	24.8	21.2
Total current liabilities	155	157	169	199	114	228	242	260	322	356
Long-term debt	197	257	399	700	775	587	590	520	722	687
Other non-current liabilities	11.4	8.98	2.81	4.27	4.11	3.4	6.99	10.9	9.14	11.9
Total liabilities	509	493	647	1,012	945	887	918	930	1,241	1,357
Total debt	197	257	399	700	775	654	569	493	702	675
Paid-in capital	1,343	1,327	1,318	1,283	1,285	1,288	1,291	1,250	1,273	1,269
Retained earnings	-494	-401	-299	-260	-1,038	-996	-857	-863	-860	-1,053
Treasury stock						0	-27.3	-0.16	-3.17	0
Other comprehensive income								0	-6.74	2.56
Shareholders' equity	859	936	1,030	1,033	257	302	418	396	414	229
Total equity	859	936	1,030	1,033	257	302	418	396	414	229
Total liabilities and equity	1,368	1,430	1,677	2,045	1,202	1,189	1,336	1,326	1,655	1,586
Shares outstanding	40.8	40.2	40.4	38.3	38.3	367	34.6	32.2	36	35.3

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-466	-31.7	103	38.7	-778	42.5	139	-6.29	3.22	-193
Depreciation and amortization	130	127	197	221	161	136	176	210	223	268
Stock-based compensation	6.34	9.78	8.3	1.43	1.22	8.4	9.05	5.72	9.71	3.21
Deferred income tax	-205	44.7	4.97	40.2	-76.1	-23.8	25.3	56.8	-27.9	-55.6
Change in receivables	-0.03	-2.49	17.7	-5.68	27.6	-5.69	0	-0.07	-0.76	0.03
Change in inventory	5.51	-0.08	-2.13	-3.18	-2.63	-2.38	-4.17
Change in payables	-9.69	15.6	9.03	-1.37			26.3	-7.63	14.6	-19.6
Cash from operations	93	190	285	178	81.1	245	428	228	239	313
Acquisitions	-488	0	0				0	0	-163	0
Sales and maturities of investments	2.33	0	0
Cash from investing	-606	-244	-383	-465	-145	-105	-210	-227	-353	-272
Debt issued	0	0	288	289	0	0	0	0	221	0
Debt repaid	-252	-110	-153	-349	-17	-123	0	-60	0	-24.8
Stock issued	128	0	0	0	0	0	0	0.01	0.37	0.05
Share buybacks	0	-17.9	-12.7	-37.6	0	0	-27.3	-17.3	-15.3	-3.47
Cash from financing	407	39.1	128	245	70.5	-125	-113	-69.6	157	-59.8
Exchange rate effect	0.35	-1.56	-2.67	-1.03	-0.16	-0.82	-2.1	5.87	-3.39	0.39
Net change in cash	-105	-16.6	27.6	-43.2	6.45	13.9	102	-62.3	40.3	-18.7
Interest paid	5.62	9.68	16	37.8	50.2	50.1	43.4	43.8	60.7	74.4
Income taxes paid	64.1	54.5	46.3	58.5	14.6	36.4	37.1	49.3	26.8	11.9

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 $9.62 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	-48.5%	Pre-tax income / revenue.
Net margin	-40.0%	Net income / revenue.
Operating cash flow margin	68.2%	Cash from operations / revenue.
Return on equity (ROE)	-193.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-16.3%	Net income / average total assets.
Stock-based pay / revenue	3.0%	Stock-based compensation (from the cash flow statement) / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-4.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-5.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	20.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-17.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-15.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	-6,105.0%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-5,550.0%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	30.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-9.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	31.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-44.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-18.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-2.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-4.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	5.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	10.6%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.4%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.48x	Current assets / current liabilities.
Quick ratio	0.32x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.26x	(Cash + short-term investments) / current liabilities.
Debt / equity	4.00x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	33.9%	Total debt / total assets.
Liabilities / assets	91.5%	Total liabilities / total assets.
Net debt	$402.8M	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	-$254.4M	Current assets - current liabilities.
Tangible book value	$132.2M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.41x	Revenue / average total assets.
Fixed asset turnover	0.52x	Revenue / average property, plant and equipment.
Receivables turnover	19.4x	Revenue / average receivables.
Days sales outstanding	19 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$7.22	Net 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.
Revenue per share	$18.05	Revenue / diluted weighted shares.
Operating cash flow per share	$12.31	Cash from operations / diluted weighted shares.
Book value per share	$3.74	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$3.74	Tangible book value / shares outstanding.
Cash per share	$3.58	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$369.4M	Share price x shares outstanding.
Enterprise value	$772.2M	Market cap + total debt - cash - short-term investments.
P/S	0.58x	Market cap / revenue.
P/B	2.79x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.79x	Market cap / tangible book value, when positive.
P/OCF	0.85x	Market cap / cash from operations, when positive.
EV/Sales	1.21x	Enterprise value / revenue.
Earnings yield	-69.1%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.0%	(Dividends paid + share buybacks) / market cap.

What was GRAN TIERRA ENERGY INC.'s revenue in fiscal 2025?

GRAN TIERRA ENERGY INC. reported revenue of $596.7M for fiscal 2025, 4% lower than the year before.

Was GRAN TIERRA ENERGY INC. profitable in fiscal 2025?

No. It reported a net loss of $193.1M.

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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