Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data New Found Gold Corp. files with the SEC in its annual reports.
In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
5.81
Cost of revenue
5.69
Gross profit
0.12
Selling, general and administrative
0.05
0.51
0.68
0.86
Selling and marketing
0.02
Operating income
-38.3
-56.7
-88.7
-103
-60.3
-64
Pre-tax income
-50.3
-48
Income tax
0
0
0
0
-0.39
Net income
32.5
50.6
90
79.9
-50.3
-47.6
EPS, basic
-0.29
-0.33
-0.54
-0.45
-0.26
-0.20
EPS, diluted
-0.29
-0.33
-0.54
-0.45
-0.26
-0.20
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
47.7
100
82.2
53.9
22.3
58.8
Short-term investments
31.9
31.9
7.5
3.6
0.93
8.9
Receivables
2.21
4.33
Inventory
8.82
Total current assets
71.2
137
94.3
62.4
29.8
84.2
Property, plant and equipment
1.38
2.91
7.27
7.64
8.06
251
Goodwill
121
Total assets
73.5
148
111
84.6
74
536
Accounts payable
4.9
12.3
Total current liabilities
0.64
12.8
27.1
19
7.38
21.7
Lease liabilities
0.05
0.07
0.07
0.07
0.34
Total liabilities
0.64
25.4
27.2
19.1
7.45
117
Retained earnings
-39
-89.6
-180
-259
-310
-357
Total equity
72.9
123
83.5
65.5
66.6
419
Total liabilities and equity
73.5
148
111
84.6
74
536
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-32.5
-50.6
-90
-79.9
-50.3
-47.6
Cash from operations
-13.2
-48.5
-74.4
-99.3
-55.7
-55.1
Capital expenditures
-1.45
-1.48
-5.36
-1.49
-0.63
-1.78
Cash from investing
-1.59
-17.1
-0.74
-4.44
-3.19
9.26
Debt repaid
-0.02
Stock issued
2.49
22.4
26.6
Cash from financing
55.2
118
56.8
75.4
27.3
82.4
Exchange rate effect
0
-0.02
Net change in cash
-28.3
-31.6
36.5
Free cash flow
-14.7
-50
-79.7
-101
-56.3
-56.9
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.
Profitability
Metric
Value
How it is calculated
Gross margin
2.0%
Gross profit / revenue.
Operating margin
-1,102.0%
Operating income / revenue.
Pre-tax margin
-826.0%
Pre-tax income / revenue.
Net margin
-819.2%
Net income / revenue.
FCF margin
-980.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-949.7%
Cash from operations / revenue.
Return on assets (ROA)
-15.6%
Net income / average total assets.
Capex / revenue
30.6%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
624.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
69.2%
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
48.8%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
3.89x
Current assets / current liabilities.
Quick ratio
3.33x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
3.13x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
21.8%
Total liabilities / total assets.
Working capital
CA$62.6M
Current assets - current liabilities.
Goodwill and intangibles / assets
22.6%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.02x
Revenue / average total assets.
Fixed asset turnover
0.04x
Revenue / average property, plant and equipment.
Inventory turnover
0.65x
Cost of revenue / average inventory.
Days inventory
566 days
365 x average inventory / cost of revenue.
Receivables turnover
1.78x
Revenue / average receivables.
Days sales outstanding
205 days
365 x average receivables / revenue.
Days payables
553 days
365 x average accounts payable / cost of revenue.
Cash conversion cycle
218 days
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-CA$0.20
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.
EPS, basic
-CA$0.20
Net income per basic share, as reported (split-adjusted).
What was New Found Gold Corp.'s revenue in fiscal 2025?
New Found Gold Corp. reported revenue of CA$5.8M for fiscal 2025.
Was New Found Gold Corp. profitable in fiscal 2025?
No. It reported a net loss of CA$47.6M.
How much free cash flow did New Found Gold Corp. generate in fiscal 2025?
Cash from operations of CA$55.1M minus capital expenditures of CA$1.8M left free cash flow of -CA$56.9M.
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.