USGO · U.S. Goldmining 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 | $1.41M | - | $699.9K | $666.4K | $1.06M | - | $477.9K | $653.1K | $662.9K | - |
| Total Operating Expenses | $1.98M | - | $2.84M | $926.9K | $1.32M | - | $4.43M | $1.61M | $1.11M | - |
| D&A | $36.4K | - | - | - | $35.4K | - | - | - | $25.0K | - |
| Operating Income | ($1.98M) | - | ($2.84M) | ($926.9K) | ($1.32M) | - | ($4.43M) | ($3.05M) | ($1.11M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | $61 | $3.3K | - | $1.2K | $2.9K | - | - |
| Net Income | ($1.93M) | - | ($2.81M) | ($905.0K) | ($1.29M) | - | ($3.16M) | ($1.49M) | ($962.4K) | - |
| EPS - Basic | ($0.14) | - | ($0.22) | ($0.07) | ($0.10) | - | ($0.25) | ($0.25) | ($0.08) | - |
| EPS - Diluted | ($0.14) | - | ($0.22) | ($0.07) | ($0.10) | - | ($0.35) | ($0.25) | ($0.08) | - |
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 | $4.71M | $7.38M | $3.29M | $3.18M | $2.96M | $3.88M | $4.40M | $8.22M | $11.20M | $11.40M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $28.6K | $28.6K | $14.7K | $34.9K | $34.9K | $34.9K | $36.2K | $33.9K | $27.2K | $27.2K |
| Accounts Payable | $322.0K | $223.8K | $40.3K | $199.3K | $243.1K | $185.3K | $391.5K | $231.5K | $118.6K | $198.0K |
| Current Assets | $6.06M | $7.59M | $3.81M | $3.45M | $3.21M | $4.12M | $5.28M | $9.39M | $11.15M | $12.01M |
| Total Assets | $7.11M | $8.45M | $4.71M | $4.40M | $4.20M | $5.15M | $6.36M | $10.50M | $12.13M | $13.02M |
| Current Liabilities | $598.7K | $558.8K | $581.4K | $486.1K | $588.2K | $420.2K | $665.9K | $508.0K | $708.7K | $513.1K |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $872.8K | $836.6K | $860.8K | $769.7K | $869.9K | $704.0K | $957.4K | $800.4K | $1.00M | $811.0K |
| Stockholders' Equity | $6.24M | $7.61M | $3.85M | $3.63M | $3.33M | $4.45M | $5.40M | $17.30M | ($2.43M) | $12.21M |
| Retained Earnings | ($32.12M) | ($30.19M) | ($28.21M) | ($25.39M) | ($24.49M) | ($23.20M) | ($21.51M) | ($17.16M) | ($15.67M) | ($14.48M) |
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 | ($2.54M) | - | - | - | ($921.3K) | - | - | - | ($467.2K) | - |
| Investing Cash Flow | ($236.8K) | - | - | - | - | - | - | - | ($1.9K) | - |
| Financing Cash Flow | $108.3K | - | - | - | - | - | - | - | $3.7K | - |
| CapEx | $236.8K | - | - | - | - | - | - | - | $1.9K | - |
| Free Cash Flow | ($2.78M) | - | - | - | - | - | - | - | ($469.1K) | - |
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 | 1.44 | - | - | - | - | - | - | - | 0.49 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -27.1% | - | -59.7% | -20.6% | -30.8% | - | -49.7% | -14.2% | -7.9% | - |
| Return on equity | -30.9% | - | -73.1% | -24.9% | -38.8% | - | -58.5% | -8.6% | 39.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 10.12 | 13.57 | 6.55 | 7.11 | 5.45 | 9.80 | 7.94 | 18.48 | 15.74 | 23.40 |
| Quick ratio | 10.08 | 13.52 | 6.52 | 7.03 | 5.39 | 9.72 | 7.88 | 18.41 | 15.70 | 23.35 |
| Cash ratio | 7.87 | 13.20 | 5.66 | 6.53 | 5.03 | 9.23 | 6.61 | 16.18 | 15.81 | 22.22 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.14 | 1.11 | 1.22 | 1.21 | 1.26 | 1.16 | 1.18 | 0.61 | -4.99 | 1.07 |
| Liabilities / Assets | 0.12 | 0.10 | 0.18 | 0.17 | 0.21 | 0.14 | 0.15 | 0.08 | 0.08 | 0.06 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 24.8x | - | 42.4x | 28.2x | 36.7x | - | 18.8x | 4.3x | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -50.4% | - | 36.0% | 69.6% | -19.2% | - | -817.3% | -28.9% | - | - |
| Net income growth (YoY) | -49.4% | - | 10.9% | 39.1% | -34.2% | - | -552.9% | -466.5% | - | - |
| EPS growth (YoY) | -40.0% | - | 37.1% | 72.0% | -25.0% | - | -600.0% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 87.7% | 71.2% | -28.7% | -79.0% | - | -63.6% | - | - | - | - |
Peer comparison
Same SIC group: Gold and Silver Ores
Comparing U.S. GoldMining Inc. against the 5 most active filers in the same SIC group.