Foremost Clean Energy Ltd. (FMST) 10-Year Financial Performance & Capital Metrics

FMST • • Industrial / General

Basic MaterialsChemicalsIsotopes & Advanced MaterialsMedical & Energy Isotopes

AboutForemost Clean Energy Ltd. engages in uranium and lithium exploration. Its uranium properties include the Eastern Athabasca and Blue Sky projects. The firm also maintains a secondary portfolio of lithium projects including Zoro, Jean Lake, Peg North, Grass River, and Jol. It operates through the Canada and United States geographical segments. The company was founded on July 7, 2005 and is headquartered in Vancouver, Canada.Show more

Revenue $0
EBITDA -$3M +23.5%
Net Income -$4M +19.2%
EPS (Diluted) -0.48 +51.5%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -19.18% +49.4%
ROIC -26.16% +5.2%
Debt/Equity 0.02 -75.3%
Interest Coverage -20.01 +43.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Shares diluted 66.3% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM23.56%

EPS CAGR

10Y-

5Y-

3Y-

TTM63.86%

ROCE

10Y Avg-82.46%

5Y Avg-42.61%

3Y Avg-36.1%

Latest-30.21%

Peer Comparison

Medical & Energy Isotopes

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
FMSTWForemost Lithium Resource & Technology Ltd.		0.77	-1.61			-10.57%	0.02
FMSTForemost Clean Energy Ltd.	31.47M	2.18	-4.54			-10.57%	0.02
ASPIASP Isotopes Inc. Common Stock	935.82M	7.48	-11.87	8.57%	-12.59%	-109.28%	0.74

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	0	0	0	0	0	0	0	0	0	0
Revenue Growth %	-	-	-	-	-	-	-	-	-	-
Cost of Goods Sold+	0	0	0	0	2.65K	0	0	0	0	0
COGS % of Revenue	-	-	-	-	-	-	-	-	-	-
Gross Profit+	0	0	0	0	-2.65K	0	0	0	0	0
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-	-	-	-	-	1%	-	-	-	-
Operating Expenses+	180.53K	1.23M	10.58M	2.65M	962.29K	2.35M	3.96M	3.53M	4.5M	5.82M
OpEx % of Revenue	-	-	-	-	-	-	-	-	-	-
Selling, General & Admin	180.53K	1.23M	10.43M	2.39M	962.29K	2.35M	3.79M	3.34M	3.82M	5.21M
SG&A % of Revenue	-	-	-	-	-	-	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	17.7K	20K	0	0	173.4K	190.38K	682.29K	607.85K
Operating Income+	-181K	-1.23M	-9.97M	-2.19M	-964.94K	-2.35M	-3.96M	-3.53M	-4.5M	-5.82M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.13%	-5.8%	-7.11%	0.78%	0.56%	-1.43%	-0.69%	0.11%	-0.28%	-0.29%
EBITDA+	-15.38K	-102K	-9.96M	-2.2M	-962.29K	-1.48M	-4.04M	1.07M	-4.35M	-3.32M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.91%	-5.63%	-96.62%	0.78%	0.56%	-0.54%	-1.73%	1.26%	-5.06%	0.23%
D&A (Non-Cash Add-back)	165.62K	1.13M	14.83K	-9.03K	2.65K	870.05K	0	0	0	0
EBIT	-166K	-1.13M	-10.6M	-2.65M	-1.59M	-2.35M	-4.04M	1.07M	-4.35M	-3.32M
Net Interest Income+	0	0	0	0	-89.05K	-179K	-96.19K	-95.15K	-125K	-290.62K
Interest Income	0	0	0	0	23.31K	22.73K	16.29K	8.88K	1.31K	0
Interest Expense	0	0	60.43K	75.92K	112.36K	202.18K	112.48K	104.03K	126.61K	290.62K
Other Income/Expense	-2K	-32.7K	-683K	-529K	-629.87K	-264.04K	-189.66K	4.49M	26.47K	2.2M
Pretax Income+	-183K	-1.26M	-10.66M	-2.72M	-1.59M	-2.61M	-4.15M	965.38K	-4.47M	-3.62M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	0.99%	1%	1%
Net Income+	-183K	-1.26M	-10.66M	-2.72M	-1.59M	-2.61M	-4.15M	956.58K	-4.47M	-3.62M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.22%	-5.9%	-7.44%	0.74%	0.41%	-0.64%	-0.59%	1.23%	-5.68%	0.19%
Net Income (Continuing)	-183K	-1.26M	-10.66M	-2.72M	-1.59M	-2.61M	-4.15M	965.38K	-4.47M	-3.62M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.42	-1.31	-6.17	-1.31	-0.93	-0.93	-1.27	0.24	-0.99	-0.48
EPS Growth %	-0.05%	-2.12%	-3.71%	0.79%	0.29%	0%	-0.37%	1.19%	-5.13%	0.52%
EPS (Basic)	-0.42	-1.31	-6.17	-1.31	-0.93	-0.93	-1.27	0.25	-0.99	-0.48
Diluted Shares Outstanding	438.44K	964.43K	1.73M	2.08M	2.45M	2.8M	3.28M	3.93M	4.52M	7.51M
Basic Shares Outstanding	438K	964K	1.73M	2.08M	2.45M	2.8M	3.27M	3.84M	4.52M	7.51M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	15.62K	387.97K	3.52M	259.3K	105.21K	516.56K	434.12K	795.35K	1.49M	5.36M
Cash & Short-Term Investments	14.43K	312.37K	3.21M	137.95K	3.21K	392.21K	235.46K	574.59K	998.26K	5.01M
Cash Only	14.43K	312.37K	3.21M	137.95K	3.21K	392.21K	235.46K	574.59K	998.26K	5.01M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	0	0	75.29K	42.97K	49.41K	142.71K	164.05K	146.21K	231.86K
Days Sales Outstanding	-	-	-	-	-	-	-	-	-	-
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	0	0	42.91K	0	0	0	0
Total Non-Current Assets+	292.89K	1.2M	3.98M	6.18M	5.83M	6.41M	7.48M	12.51M	15.11M	22.38M
Property, Plant & Equipment	289.39K	1.19M	3.96M	6.12M	5.63M	6.26M	7.19M	12.48M	15.09M	21.32M
Fixed Asset Turnover	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	3.5K	10K	26K	11K	148.77K	96.36K	8K	2.9K	0	383.73K
Other Non-Current Assets	0	0	0	48K	48K	48K	284.84K	24.4K	19.23K	671.98K
Total Assets+	308.51K	1.59M	7.5M	6.44M	5.94M	6.92M	7.92M	13.3M	16.6M	27.74M
Asset Turnover	-	-	-	-	-	-	-	-	-	-
Asset Growth %	0.11%	4.14%	3.73%	-0.14%	-0.08%	0.17%	0.14%	0.68%	0.25%	0.67%
Total Current Liabilities+	376.48K	394.09K	930.05K	696.25K	732.07K	1.04M	1.1M	2.91M	2.73M	3.1M
Accounts Payable	75.54K	129.36K	527.17K	439.66K	515.76K	536.09K	603K	884.74K	1.1M	93.71K
Days Payables Outstanding	-	-	-	-	71.07K	-	-	-	-	-
Short-Term Debt	31K	6.5K	105.5K	5.5K	7.5K	7.5K	7.5K	1.26M	1.14M	521.37K
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	477K
Other Current Liabilities	0	0	0	0	0	0	0	0	11.67K	1.79M
Current Ratio	0.04x	0.98x	3.78x	0.37x	0.14x	0.50x	0.39x	0.27x	0.54x	1.73x
Quick Ratio	0.04x	0.98x	3.78x	0.37x	0.14x	0.50x	0.39x	0.27x	0.54x	1.73x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	0	0	0	135.25K	136.34K	74.39K	0	656.95K	152.76K
Long-Term Debt	0	0	0	0	0	40K	40K	0	0	0
Capital Lease Obligations	0	0	0	0	135.25K	96.34K	34.39K	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	656.95K	152.76K
Total Liabilities	376.48K	394.09K	930.05K	696.25K	867.31K	1.18M	1.18M	2.91M	3.39M	3.25M
Total Debt+	31K	6.5K	105.5K	5.5K	183.7K	197.72K	143.84K	1.29M	1.14M	521.37K
Net Debt	16.57K	-305.87K	-3.11M	-132.45K	180.49K	-194.5K	-91.61K	716.51K	140.26K	-4.48M
Debt / Equity	-	0.01x	0.02x	0.00x	0.04x	0.03x	0.02x	0.12x	0.09x	0.02x
Debt / EBITDA	-	-	-	-	-	-	-	1.21x	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	0.67x	-	-
Interest Coverage	-	-	-165.02x	-28.89x	-8.59x	-11.62x	-35.22x	-33.91x	-35.53x	-20.01x
Total Equity+	-67.97K	1.19M	6.57M	5.75M	5.07M	5.75M	6.74M	10.39M	13.21M	24.49M
Equity Growth %	-10.42%	18.54%	4.51%	-0.13%	-0.12%	0.13%	0.17%	0.54%	0.27%	0.85%
Book Value per Share	-0.16	1.24	3.80	2.76	2.07	2.05	2.06	2.64	2.92	3.26
Total Shareholders' Equity	-67.97K	1.19M	6.57M	5.75M	5.07M	5.75M	6.74M	10.39M	13.21M	24.49M
Common Stock	0	0	15.71M	16.45M	17.84M	20.17M	24.16M	26.45M	32.12M	45.67M
Retained Earnings	-1.79M	-3.05M	-13.59M	-11.82M	-14.1M	-15.6M	-19.72M	-17.87M	-21.48M	-24.46M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	29.03K	598.34K	4.22M	1.12M	1.13M	1.14M	2.29M	1.81M	2.46M	3.28M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	-33.65K	-469.69K	-1.95M	-1.25M	-414.57K	-802.92K	-1.4M	-2.48M	-3.79M	-3.78M
Operating CF Margin %	-	-	-	-	-	-	-	-	-	-
Operating CF Growth %	0.46%	-12.96%	-3.16%	0.36%	0.67%	-0.94%	-0.75%	-0.77%	-0.53%	0%
Net Income	-182.53K	-1.26M	-10.66M	-2.72M	-2.27M	-2.61M	-4.15M	956.58K	-4.47M	-3.62M
Depreciation & Amortization	0	0	85	0	3.77K	0	0	0	0	0
Stock-Based Compensation	20.89K	423.14K	8.43M	1.4M	14.99K	1.78M	2.48M	815.43K	910.7K	872.88K
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	3K	281.2K	216.99K	-5K	919.65K	42.43K	138.05K	-4.61M	89.26K	-2.44M
Working Capital Changes	124.99K	89.1K	51.88K	80.74K	916.99K	-15.9K	128.18K	363.73K	-322.55K	1.4M
Change in Receivables	232	0	0	62.46K	58.8K	0	0	0	0	-85.65K
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	163.52K	278.33K	0	0	0	0	0	0	0
Cash from Investing+	-16K	-574.32K	-974.85K	-2.08M	-340.84K	-313.96K	-825.71K	-797.82K	-2.34M	-2.67M
Capital Expenditures	-26K	-165K	-338.39K	-185.43K	-125K	-162.85K	-220.03K	-294.96K	-2.58M	-249.96K
CapEx % of Revenue	-	-	-	-	-	-	-	-	-	-
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	10K	-409.32K	-636.46K	-1.89M	-215.84K	-151.11K	-605.68K	-502.86K	232.85K	-1.77M
Cash from Financing+	52.95K	1.34M	5.83M	248.42K	620.66K	1.51M	2.07M	3.61M	6.56M	10.46M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.05K	214.94K	5.12M	148.42K	196K	991.97K	1.55M	1.04M	-244.01K	-789.48K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-59.65K	-1.04M	-2.29M	-1.43M	-539.57K	-965.77K	-1.62M	-2.77M	-6.38M	-4.03M
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF Growth %	0.61%	-16.5%	-1.2%	0.37%	0.62%	-0.79%	-0.68%	-0.71%	-1.3%	0.37%
FCF per Share	-0.14	-1.08	-1.33	-0.69	-0.22	-0.35	-0.50	-0.70	-1.41	-0.54
FCF Conversion (FCF/Net Income)	0.18x	0.37x	0.18x	0.46x	0.26x	0.31x	0.34x	-2.59x	0.85x	1.05x
Interest Paid	0	0	0	0	0	0	0	0	0	113.92K
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-224.66%	-274.66%	-44.22%	-29.49%	-48.29%	-66.46%	11.17%	-37.9%	-19.18%
Return on Invested Capital (ROIC)	-	-220.94%	-344.21%	-36.26%	-13.32%	-32.6%	-48.68%	-29.8%	-27.59%	-26.16%
Debt / Equity	-	0.01x	0.02x	0.00x	0.04x	0.03x	0.02x	0.12x	0.09x	0.02x
Interest Coverage	-	-	-165.02x	-28.89x	-8.59x	-11.62x	-35.22x	-33.91x	-35.53x	-20.01x
FCF Conversion	0.18x	0.37x	0.18x	0.46x	0.26x	0.31x	0.34x	-2.59x	0.85x	1.05x

Frequently Asked Questions

Growth & Financials

Foremost Clean Energy Ltd. (FMST) grew revenue by 0.0% over the past year. Growth has been modest.

Foremost Clean Energy Ltd. (FMST) reported a net loss of $3.5M for fiscal year 2025.

Dividend & Returns

Foremost Clean Energy Ltd. (FMST) has a return on equity (ROE) of -19.2%. Negative ROE indicates the company is unprofitable.

Foremost Clean Energy Ltd. (FMST) had negative free cash flow of $6.9M in fiscal year 2025, likely due to heavy capital investments.

US Stock Screener

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Foremost Clean Energy Ltd. (FMST) 10-Year Financial Performance & Capital Metrics

FMST • • Industrial / General

Basic MaterialsChemicalsIsotopes & Advanced MaterialsMedical & Energy Isotopes

Revenue $0
EBITDA -$3M +23.5%
Net Income -$4M +19.2%
EPS (Diluted) -0.48 +51.5%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -19.18% +49.4%
ROIC -26.16% +5.2%
Debt/Equity 0.02 -75.3%
Interest Coverage -20.01 +43.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Shares diluted 66.3% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM23.56%

EPS CAGR

10Y-

5Y-

3Y-

TTM63.86%

ROCE

10Y Avg-82.46%

5Y Avg-42.61%

3Y Avg-36.1%

Latest-30.21%

Peer Comparison

Medical & Energy Isotopes

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
FMSTWForemost Lithium Resource & Technology Ltd.		0.77	-1.61			-10.57%	0.02
FMSTForemost Clean Energy Ltd.	31.47M	2.18	-4.54			-10.57%	0.02
ASPIASP Isotopes Inc. Common Stock	935.82M	7.48	-11.87	8.57%	-12.59%	-109.28%	0.74

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	0	0	0	0	0	0	0	0	0	0
Revenue Growth %	-	-	-	-	-	-	-	-	-	-
Cost of Goods Sold+	0	0	0	0	2.65K	0	0	0	0	0
COGS % of Revenue	-	-	-	-	-	-	-	-	-	-
Gross Profit+	0	0	0	0	-2.65K	0	0	0	0	0
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-	-	-	-	-	1%	-	-	-	-
Operating Expenses+	180.53K	1.23M	10.58M	2.65M	962.29K	2.35M	3.96M	3.53M	4.5M	5.82M
OpEx % of Revenue	-	-	-	-	-	-	-	-	-	-
Selling, General & Admin	180.53K	1.23M	10.43M	2.39M	962.29K	2.35M	3.79M	3.34M	3.82M	5.21M
SG&A % of Revenue	-	-	-	-	-	-	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	17.7K	20K	0	0	173.4K	190.38K	682.29K	607.85K
Operating Income+	-181K	-1.23M	-9.97M	-2.19M	-964.94K	-2.35M	-3.96M	-3.53M	-4.5M	-5.82M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.13%	-5.8%	-7.11%	0.78%	0.56%	-1.43%	-0.69%	0.11%	-0.28%	-0.29%
EBITDA+	-15.38K	-102K	-9.96M	-2.2M	-962.29K	-1.48M	-4.04M	1.07M	-4.35M	-3.32M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.91%	-5.63%	-96.62%	0.78%	0.56%	-0.54%	-1.73%	1.26%	-5.06%	0.23%
D&A (Non-Cash Add-back)	165.62K	1.13M	14.83K	-9.03K	2.65K	870.05K	0	0	0	0
EBIT	-166K	-1.13M	-10.6M	-2.65M	-1.59M	-2.35M	-4.04M	1.07M	-4.35M	-3.32M
Net Interest Income+	0	0	0	0	-89.05K	-179K	-96.19K	-95.15K	-125K	-290.62K
Interest Income	0	0	0	0	23.31K	22.73K	16.29K	8.88K	1.31K	0
Interest Expense	0	0	60.43K	75.92K	112.36K	202.18K	112.48K	104.03K	126.61K	290.62K
Other Income/Expense	-2K	-32.7K	-683K	-529K	-629.87K	-264.04K	-189.66K	4.49M	26.47K	2.2M
Pretax Income+	-183K	-1.26M	-10.66M	-2.72M	-1.59M	-2.61M	-4.15M	965.38K	-4.47M	-3.62M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	0.99%	1%	1%
Net Income+	-183K	-1.26M	-10.66M	-2.72M	-1.59M	-2.61M	-4.15M	956.58K	-4.47M	-3.62M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.22%	-5.9%	-7.44%	0.74%	0.41%	-0.64%	-0.59%	1.23%	-5.68%	0.19%
Net Income (Continuing)	-183K	-1.26M	-10.66M	-2.72M	-1.59M	-2.61M	-4.15M	965.38K	-4.47M	-3.62M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.42	-1.31	-6.17	-1.31	-0.93	-0.93	-1.27	0.24	-0.99	-0.48
EPS Growth %	-0.05%	-2.12%	-3.71%	0.79%	0.29%	0%	-0.37%	1.19%	-5.13%	0.52%
EPS (Basic)	-0.42	-1.31	-6.17	-1.31	-0.93	-0.93	-1.27	0.25	-0.99	-0.48
Diluted Shares Outstanding	438.44K	964.43K	1.73M	2.08M	2.45M	2.8M	3.28M	3.93M	4.52M	7.51M
Basic Shares Outstanding	438K	964K	1.73M	2.08M	2.45M	2.8M	3.27M	3.84M	4.52M	7.51M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	15.62K	387.97K	3.52M	259.3K	105.21K	516.56K	434.12K	795.35K	1.49M	5.36M
Cash & Short-Term Investments	14.43K	312.37K	3.21M	137.95K	3.21K	392.21K	235.46K	574.59K	998.26K	5.01M
Cash Only	14.43K	312.37K	3.21M	137.95K	3.21K	392.21K	235.46K	574.59K	998.26K	5.01M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	0	0	75.29K	42.97K	49.41K	142.71K	164.05K	146.21K	231.86K
Days Sales Outstanding	-	-	-	-	-	-	-	-	-	-
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	0	0	42.91K	0	0	0	0
Total Non-Current Assets+	292.89K	1.2M	3.98M	6.18M	5.83M	6.41M	7.48M	12.51M	15.11M	22.38M
Property, Plant & Equipment	289.39K	1.19M	3.96M	6.12M	5.63M	6.26M	7.19M	12.48M	15.09M	21.32M
Fixed Asset Turnover	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	3.5K	10K	26K	11K	148.77K	96.36K	8K	2.9K	0	383.73K
Other Non-Current Assets	0	0	0	48K	48K	48K	284.84K	24.4K	19.23K	671.98K
Total Assets+	308.51K	1.59M	7.5M	6.44M	5.94M	6.92M	7.92M	13.3M	16.6M	27.74M
Asset Turnover	-	-	-	-	-	-	-	-	-	-
Asset Growth %	0.11%	4.14%	3.73%	-0.14%	-0.08%	0.17%	0.14%	0.68%	0.25%	0.67%
Total Current Liabilities+	376.48K	394.09K	930.05K	696.25K	732.07K	1.04M	1.1M	2.91M	2.73M	3.1M
Accounts Payable	75.54K	129.36K	527.17K	439.66K	515.76K	536.09K	603K	884.74K	1.1M	93.71K
Days Payables Outstanding	-	-	-	-	71.07K	-	-	-	-	-
Short-Term Debt	31K	6.5K	105.5K	5.5K	7.5K	7.5K	7.5K	1.26M	1.14M	521.37K
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	477K
Other Current Liabilities	0	0	0	0	0	0	0	0	11.67K	1.79M
Current Ratio	0.04x	0.98x	3.78x	0.37x	0.14x	0.50x	0.39x	0.27x	0.54x	1.73x
Quick Ratio	0.04x	0.98x	3.78x	0.37x	0.14x	0.50x	0.39x	0.27x	0.54x	1.73x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	0	0	0	135.25K	136.34K	74.39K	0	656.95K	152.76K
Long-Term Debt	0	0	0	0	0	40K	40K	0	0	0
Capital Lease Obligations	0	0	0	0	135.25K	96.34K	34.39K	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	656.95K	152.76K
Total Liabilities	376.48K	394.09K	930.05K	696.25K	867.31K	1.18M	1.18M	2.91M	3.39M	3.25M
Total Debt+	31K	6.5K	105.5K	5.5K	183.7K	197.72K	143.84K	1.29M	1.14M	521.37K
Net Debt	16.57K	-305.87K	-3.11M	-132.45K	180.49K	-194.5K	-91.61K	716.51K	140.26K	-4.48M
Debt / Equity	-	0.01x	0.02x	0.00x	0.04x	0.03x	0.02x	0.12x	0.09x	0.02x
Debt / EBITDA	-	-	-	-	-	-	-	1.21x	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	0.67x	-	-
Interest Coverage	-	-	-165.02x	-28.89x	-8.59x	-11.62x	-35.22x	-33.91x	-35.53x	-20.01x
Total Equity+	-67.97K	1.19M	6.57M	5.75M	5.07M	5.75M	6.74M	10.39M	13.21M	24.49M
Equity Growth %	-10.42%	18.54%	4.51%	-0.13%	-0.12%	0.13%	0.17%	0.54%	0.27%	0.85%
Book Value per Share	-0.16	1.24	3.80	2.76	2.07	2.05	2.06	2.64	2.92	3.26
Total Shareholders' Equity	-67.97K	1.19M	6.57M	5.75M	5.07M	5.75M	6.74M	10.39M	13.21M	24.49M
Common Stock	0	0	15.71M	16.45M	17.84M	20.17M	24.16M	26.45M	32.12M	45.67M
Retained Earnings	-1.79M	-3.05M	-13.59M	-11.82M	-14.1M	-15.6M	-19.72M	-17.87M	-21.48M	-24.46M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	29.03K	598.34K	4.22M	1.12M	1.13M	1.14M	2.29M	1.81M	2.46M	3.28M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	-33.65K	-469.69K	-1.95M	-1.25M	-414.57K	-802.92K	-1.4M	-2.48M	-3.79M	-3.78M
Operating CF Margin %	-	-	-	-	-	-	-	-	-	-
Operating CF Growth %	0.46%	-12.96%	-3.16%	0.36%	0.67%	-0.94%	-0.75%	-0.77%	-0.53%	0%
Net Income	-182.53K	-1.26M	-10.66M	-2.72M	-2.27M	-2.61M	-4.15M	956.58K	-4.47M	-3.62M
Depreciation & Amortization	0	0	85	0	3.77K	0	0	0	0	0
Stock-Based Compensation	20.89K	423.14K	8.43M	1.4M	14.99K	1.78M	2.48M	815.43K	910.7K	872.88K
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	3K	281.2K	216.99K	-5K	919.65K	42.43K	138.05K	-4.61M	89.26K	-2.44M
Working Capital Changes	124.99K	89.1K	51.88K	80.74K	916.99K	-15.9K	128.18K	363.73K	-322.55K	1.4M
Change in Receivables	232	0	0	62.46K	58.8K	0	0	0	0	-85.65K
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	163.52K	278.33K	0	0	0	0	0	0	0
Cash from Investing+	-16K	-574.32K	-974.85K	-2.08M	-340.84K	-313.96K	-825.71K	-797.82K	-2.34M	-2.67M
Capital Expenditures	-26K	-165K	-338.39K	-185.43K	-125K	-162.85K	-220.03K	-294.96K	-2.58M	-249.96K
CapEx % of Revenue	-	-	-	-	-	-	-	-	-	-
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	10K	-409.32K	-636.46K	-1.89M	-215.84K	-151.11K	-605.68K	-502.86K	232.85K	-1.77M
Cash from Financing+	52.95K	1.34M	5.83M	248.42K	620.66K	1.51M	2.07M	3.61M	6.56M	10.46M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.05K	214.94K	5.12M	148.42K	196K	991.97K	1.55M	1.04M	-244.01K	-789.48K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-59.65K	-1.04M	-2.29M	-1.43M	-539.57K	-965.77K	-1.62M	-2.77M	-6.38M	-4.03M
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF Growth %	0.61%	-16.5%	-1.2%	0.37%	0.62%	-0.79%	-0.68%	-0.71%	-1.3%	0.37%
FCF per Share	-0.14	-1.08	-1.33	-0.69	-0.22	-0.35	-0.50	-0.70	-1.41	-0.54
FCF Conversion (FCF/Net Income)	0.18x	0.37x	0.18x	0.46x	0.26x	0.31x	0.34x	-2.59x	0.85x	1.05x
Interest Paid	0	0	0	0	0	0	0	0	0	113.92K
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-224.66%	-274.66%	-44.22%	-29.49%	-48.29%	-66.46%	11.17%	-37.9%	-19.18%
Return on Invested Capital (ROIC)	-	-220.94%	-344.21%	-36.26%	-13.32%	-32.6%	-48.68%	-29.8%	-27.59%	-26.16%
Debt / Equity	-	0.01x	0.02x	0.00x	0.04x	0.03x	0.02x	0.12x	0.09x	0.02x
Interest Coverage	-	-	-165.02x	-28.89x	-8.59x	-11.62x	-35.22x	-33.91x	-35.53x	-20.01x
FCF Conversion	0.18x	0.37x	0.18x	0.46x	0.26x	0.31x	0.34x	-2.59x	0.85x	1.05x

Frequently Asked Questions

Growth & Financials

Foremost Clean Energy Ltd. (FMST) grew revenue by 0.0% over the past year. Growth has been modest.

Foremost Clean Energy Ltd. (FMST) reported a net loss of $3.5M for fiscal year 2025.

Dividend & Returns

Foremost Clean Energy Ltd. (FMST) has a return on equity (ROE) of -19.2%. Negative ROE indicates the company is unprofitable.

Foremost Clean Energy Ltd. (FMST) had negative free cash flow of $6.9M in fiscal year 2025, likely due to heavy capital investments.