TMQ · Trilogy Metals Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $567.0K | - | $214.0K | $353.0K | $343.0K | - | $293.0K | $319.0K | $415.0K | - |
| Total Operating Expenses | $4.63M | - | $1.17M | $1.67M | $3.23M | - | $1.14M | $1.23M | $2.82M | - |
| D&A | - | - | - | - | - | - | $1.0K | $2.0K | $1.0K | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($7.06M) | - | ($1.75M) | ($2.18M) | ($3.62M) | - | ($1.59M) | ($1.76M) | ($3.60M) | - |
| EPS - Basic | ($0.04) | - | ($0.01) | ($0.01) | ($0.02) | - | ($0.01) | ($0.01) | ($0.02) | - |
| EPS - Diluted | ($0.04) | - | ($0.01) | ($0.01) | ($0.02) | - | ($0.01) | ($0.01) | ($0.02) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $47.78M | $51.61M | $23.37M | $24.62M | $25.21M | $25.83M | $25.74M | $14.02M | $2.01M | $2.59M |
| Accounts Receivable | $112.0K | $118.0K | $17.0K | $20.0K | $19.0K | $16.0K | $8.0K | $15.0K | $14.0K | $33.0K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $231.0K | $646.0K | $141.0K | $249.0K | $297.0K | $196.0K | $51.0K | $85.0K | $159.0K | $146.0K |
| Current Assets | $48.02M | $51.92M | $23.73M | $24.70M | $25.33M | $26.05M | $26.10M | $14.08M | $2.15M | $2.88M |
| Total Assets | $154.54M | $157.30M | $129.12M | $130.98M | $132.39M | $133.70M | $134.38M | $135.34M | $136.56M | $138.02M |
| Current Liabilities | $33.00M | $33.11M | $373.0K | $874.0K | $702.0K | $793.0K | $428.0K | $463.0K | $464.0K | $465.0K |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $33.06M | $33.18M | $455.0K | $967.0K | $800.0K | $903.0K | $553.0K | $463.0K | $464.0K | $465.0K |
| Stockholders' Equity | $121.48M | $124.12M | $128.66M | $130.02M | $131.59M | $132.79M | $133.82M | $134.88M | $136.09M | $137.56M |
| Retained Earnings | ($139.70M) | ($132.64M) | ($97.95M) | ($96.20M) | ($94.02M) | ($90.40M) | ($88.76M) | ($87.17M) | ($85.41M) | ($81.81M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.74M) | - | - | - | ($748.0K) | - | - | - | ($579.0K) | - |
| Investing Cash Flow | ($2.50M) | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $1.33M | - | - | - | $131.0K | - | - | - | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -4.6% | - | -1.4% | -1.7% | -2.7% | - | -1.2% | -1.3% | -2.6% | - |
| Return on equity | -5.8% | - | -1.4% | -1.7% | -2.8% | - | -1.2% | -1.3% | -2.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.46 | 1.57 | 63.63 | 28.26 | 36.08 | 32.84 | 60.98 | 30.42 | 4.64 | 6.20 |
| Quick ratio | 1.46 | 1.57 | 63.63 | 28.26 | 36.08 | 32.84 | 60.98 | 30.42 | 4.64 | 6.20 |
| Cash ratio | 1.45 | 1.56 | 62.66 | 28.16 | 35.92 | 32.58 | 60.14 | 30.29 | 4.34 | 5.57 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.27 | 1.27 | 1.00 | 1.01 | 1.01 | 1.01 | 1.00 | 1.00 | 1.00 | 1.00 |
| Liabilities / Assets | 0.21 | 0.21 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 6.3x | - | 2.2x | 1.5x | 1.8x | - | 0.6x | 0.6x | 0.5x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | -94.9% | - | -9.8% | -23.8% | -0.6% | - | 60.7% | 37.2% | 29.0% | - |
| EPS growth (YoY) | -100.0% | - | 0.0% | 0.0% | 0.0% | - | 66.7% | 50.0% | 33.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -7.7% | -6.5% | -3.9% | -3.6% | -3.3% | -3.5% | -4.4% | -6.0% | -4.6% | -5.4% |
Peer comparison
Same SIC group: Gold and Silver Ores
Comparing Trilogy Metals Inc. against the 5 most active filers in the same SIC group.