Gold Royalty Corp. (GROY) 10-Year Financial Performance & Capital Metrics

GROY • • Industrial / General

Basic MaterialsPrecious MetalsRoyalty & Streaming CompaniesGold-Focused Royalty Companies

AboutGold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term attractive returns for its investors. The company's portfolio consists of net smelter return royalties ranging from 0.5% to 2.0% on 17 gold properties located in the Americas. Gold Royalty Corp. was incorporated in 2020 and is headquartered in Vancouver, Canada.Show more

Revenue $10M +231.5%
EBITDA -$782K +89.9%
Net Income -$3M +87.3%
EPS (Diluted) -0.02 +88.9%
Gross Margin 65.63% +28.6%
EBITDA Margin -7.74% +97.0%
Operating Margin -40.24% +86.0%
Net Margin -33.76% +96.2%
ROE -0.63% +87.5%
ROIC -0.53% +56.4%
Debt/Equity 0.09 +41.1%
Interest Coverage -0.51 +89.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 93 (top 7%)
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 10.2% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y274.73%

TTM99.94%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM87.02%

EPS CAGR

10Y-

5Y-

3Y-

TTM89.21%

ROCE

10Y Avg-3.69%

5Y Avg-3.69%

3Y Avg-1.84%

Latest-0.57%

Peer Comparison

Gold-Focused Royalty Companies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MTAMetalla Royalty & Streaming Ltd.	767.33M	8.29	-34.54	-18.73%	-223.01%	-6.72%		0.09
GROYGold Royalty Corp.	1.1B	4.91	-245.50	231.46%	-31.45%	-0.58%		0.09

Profit & Loss

	Sep 2020	Sep 2021	Sep 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	191.99K	3.94M	3.05M	10.1M
Revenue Growth %	-	-	19.54%	-0.23%	2.31%
Cost of Goods Sold+	45	168.66K	1.76M	1.49M	3.47M
COGS % of Revenue	-	0.88%	0.45%	0.49%	0.34%
Gross Profit+	-45	23.33K	2.19M	1.56M	6.63M
Gross Margin %	-	0.12%	0.55%	0.51%	0.66%
Gross Profit Growth %	-	519.44%	92.78%	-0.29%	3.26%
Operating Expenses+	140.59K	12.6M	19.63M	10.33M	10.7M
OpEx % of Revenue	-	65.65%	4.98%	3.39%	1.06%
Selling, General & Admin	140.59K	12.59M	19.55M	10.33M	10.56M
SG&A % of Revenue	-	65.59%	4.96%	3.39%	1.05%
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	0	12.52K	0	0	134K
Operating Income+	-140.63K	-12.58M	-17.44M	-8.78M	-4.07M
Operating Margin %	-	-65.53%	-4.42%	-2.88%	-0.4%
Operating Income Growth %	-	-88.46%	-0.39%	0.5%	0.54%
EBITDA+	-140.45K	-9.92M	-15.57M	-7.76M	-782K
EBITDA Margin %	-	-51.67%	-3.95%	-2.55%	-0.08%
EBITDA Growth %	-	-69.63%	-0.57%	0.5%	0.9%
D&A (Non-Cash Add-back)	180	2.66M	1.87M	1.01M	3.28M
EBIT	-140.63K	-12.58M	-17.44M	-8.78M	-1.34M
Net Interest Income+	0	67.35K	-633K	-1.84M	-8.04M
Interest Income	0	67.35K	0	0	0
Interest Expense	0	0	633K	1.84M	8.04M
Other Income/Expense	-1	-2.42M	76K	-24.29M	-5.32M
Pretax Income+	-140.63K	-15.01M	-17.36M	-33.06M	-9.38M
Pretax Margin %	-	-78.16%	-4.4%	-10.85%	-0.93%
Income Tax+	5	2.42M	-15K	-6.13M	-5.97M
Effective Tax Rate %	1%	1.16%	1%	0.81%	0.36%
Net Income+	-140.63K	-17.43M	-17.35M	-26.76M	-3.41M
Net Margin %	-	-90.79%	-4.4%	-8.78%	-0.34%
Net Income Growth %	-	-122.95%	0%	-0.54%	0.87%
Net Income (Continuing)	-	-17.43M	-17.35M	-	-3.41M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	-0.00	-0.52	-0.14	-0.18	-0.02
EPS Growth %	-	-	0.73%	-0.29%	0.89%
EPS (Basic)	-0.00	-0.52	-0.14	-0.18	-0.02
Diluted Shares Outstanding	40.83M	33.56M	128.23M	144.73M	159.52M
Basic Shares Outstanding	40.83M	33.56M	128.23M	144.73M	159.52M
Dividend Payout Ratio	-	-	-	-	-

Balance Sheet

	Sep 2020	Sep 2021	Sep 2022	Dec 2023	Dec 2024
Total Current Assets+	53.87K	13.3M	16.96M	5.55M	5.87M
Cash & Short-Term Investments	37.54K	11.02M	14.25M	1.78M	2.48M
Cash Only	37.54K	9.91M	7.05M	1.44M	2.27M
Short-Term Investments	0	1.12M	7.2M	342K	214K
Accounts Receivable	241	411.71K	1.41M	3.76M	3.39M
Days Sales Outstanding	-	782.72	130.67	450.38	122.47
Inventory	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-
Other Current Assets	16.09K	1.87M	1.3M	0	0
Total Non-Current Assets+	1.59K	266.2M	671.66M	685.45M	731.64M
Property, Plant & Equipment	1.59K	264.54M	668.29M	671.72M	717.78M
Fixed Asset Turnover	-	0.00x	0.01x	0.00x	0.01x
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	0	0
Long-Term Investments	0	1.59M	3.02M	3.27M	2.88M
Other Non-Current Assets	0	66.47K	353K	10.46M	10.98M
Total Assets+	55.46K	279.5M	688.61M	690.99M	737.51M
Asset Turnover	-	0.00x	0.01x	0.00x	0.01x
Asset Growth %	-	5039.01%	1.46%	0%	0.07%
Total Current Liabilities+	196.38K	6.92M	7.21M	3.85M	3.86M
Accounts Payable	75.45K	6.88M	6.1M	0	3.39M
Days Payables Outstanding	612K	14.9K	1.27K	-	356.38
Short-Term Debt	0	36.31K	256K	0	0
Deferred Revenue (Current)	0	1000K	1000K	0	0
Other Current Liabilities	45.48K	-49.58M	-140.77M	3.85M	3.86M
Current Ratio	0.27x	1.92x	2.35x	1.44x	1.52x
Quick Ratio	0.27x	1.92x	2.35x	1.44x	1.52x
Cash Conversion Cycle	-	-	-	-	-
Total Non-Current Liabilities+	0	47.26M	145.18M	166.19M	175.35M
Long-Term Debt	0	11.3K	9.66M	32.79M	49.82M
Capital Lease Obligations	0	0	0	264K	181K
Deferred Tax Liabilities	0	42.7M	135.52M	131.21M	124.05M
Other Non-Current Liabilities	0	4.55M	43K	1.92M	1.31M
Total Liabilities	196.38K	54.18M	152.4M	170.04M	179.21M
Total Debt+	0	47.61K	9.66M	33.06M	50M
Net Debt	-37.54K	-9.86M	2.61M	31.61M	47.73M
Debt / Equity	-	0.00x	0.02x	0.06x	0.09x
Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-
Interest Coverage	-	-	-27.55x	-4.77x	-0.51x
Total Equity+	-140.93K	225.32M	536.22M	520.95M	558.3M
Equity Growth %	-	1599.84%	1.38%	-0.03%	0.07%
Book Value per Share	-0.00	6.71	4.18	3.60	3.50
Total Shareholders' Equity	-140.93K	225.32M	536.22M	520.95M	558.3M
Common Stock	0	228.62M	551.07M	556.18M	595.81M
Retained Earnings	-140.63K	-15.15M	-36.52M	-69.82M	-73.23M
Treasury Stock	-	-	-	0	0
Accumulated OCI	-296	11.84M	21.67M	34.59M	35.72M
Minority Interest	0	0	0	0	0

Cash Flow

	Sep 2020	Sep 2021	Sep 2022	Dec 2023	Dec 2024
Cash from Operations+	331	-11.95M	-19.26M	-7.92M	2.54M
Operating CF Margin %	-	-62.24%	-4.88%	-2.6%	0.25%
Operating CF Growth %	-	-36103.66%	-0.61%	0.59%	1.32%
Net Income	-140.63K	-15.01M	-17.35M	-26.76M	-3.41M
Depreciation & Amortization	45	5.18K	72K	1.01M	79K
Stock-Based Compensation	0	2.99M	3.15M	-2.24M	2.34M
Deferred Taxes	0	1.81M	-129K	-6.18M	-6.48M
Other Non-Cash Items	331	-63.59K	1.11M	25.83M	8.68M
Working Capital Changes	140.59K	-1.69M	-6.12M	-1.83M	1.34M
Change in Receivables	-241	-149.82K	-655K	-215K	335K
Change in Inventory	0	0	0	0	0
Change in Payables	0	23.33K	-8.35M	0	0
Cash from Investing+	0	-69.17M	10.58M	-33.56M	-44.07M
Capital Expenditures	0	-10.98M	-19.71M	-28.7M	-46.1M
CapEx % of Revenue	-	57.18%	5%	9.42%	4.56%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	0	59.98K	1.81M	-8.16M	1.86M
Cash from Financing+	37.54K	90.95M	5.83M	37.08M	42.35M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	-4.03M	-2.6M	0
Share Repurchases	-	-	-	-	-
Other Financing	187.69K	90.95M	9.92M	-76K	-4.16M
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	331	-22.93M	-38.97M	-36.62M	-43.55M
FCF Margin %	-	-119.42%	-9.88%	-12.02%	-4.31%
FCF Growth %	-	-69269.89%	-0.7%	0.06%	-0.19%
FCF per Share	0.00	-0.68	-0.30	-0.25	-0.27
FCF Conversion (FCF/Net Income)	-0.00x	0.69x	1.11x	0.30x	-0.75x
Interest Paid	-	-	-	-	0
Taxes Paid	-	-	-	-	0

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-15.48%	-4.56%	-5.06%	-0.63%
Return on Invested Capital (ROIC)	-	-8.77%	-3.47%	-1.21%	-0.53%
Gross Margin	-	12.15%	55.48%	51.05%	65.63%
Net Margin	-	-9079.13%	-439.81%	-877.82%	-33.76%
Debt / Equity	-	0.00x	0.02x	0.06x	0.09x
Interest Coverage	-	-	-27.55x	-4.77x	-0.51x
FCF Conversion	-0.00x	0.69x	1.11x	0.30x	-0.75x
Revenue Growth	-	-	1954.26%	-22.72%	231.46%

Revenue by Geography

	2024
BRAZIL	2.46M
BRAZIL Growth	-
UNITED STATES	1.96M
UNITED STATES Growth	-
MEXICO	1.16M
MEXICO Growth	-

Frequently Asked Questions

Growth & Financials

Gold Royalty Corp. (GROY) reported $10.3M in revenue for fiscal year 2024.

Gold Royalty Corp. (GROY) grew revenue by 231.5% over the past year. This is strong growth.

Gold Royalty Corp. (GROY) reported a net loss of $3.3M for fiscal year 2024.

Dividend & Returns

Gold Royalty Corp. (GROY) has a return on equity (ROE) of -0.6%. Negative ROE indicates the company is unprofitable.

Gold Royalty Corp. (GROY) had negative free cash flow of $42.6M in fiscal year 2024, likely due to heavy capital investments.

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