Gold Royalty Corp.(GROY)Earnings, Financials & Key Ratios
GROY•AMEX
$3.52
$617M mkt cap·Price updated May 6, 2026
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$16M+54.5%
- EBITDA$4M+666.5%
- Net Income-$4M-21.1%
- EPS (Diluted)-0.02-18.0%
- Gross Margin75.44%+14.9%
- EBITDA Margin28.38%+466.6%
- Operating Margin10.85%+127.0%
- Net Margin-26.46%+21.6%
- ROE-0.66%-3.9%
- ROIC0.2%+137.3%
- Debt/Equity0.00-99.8%
- Interest Coverage0.20+222.8%
GROY Key Insights
Gold Royalty Corp. (GROY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Trading at only 0.9x book value
✗Weaknesses
- ✗Profits declining 96.6% over 5 years
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
GROY Price & Volume
Gold Royalty Corp. (GROY) stock price & volume — 10-year historical chart
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GROY Growth Metrics
Gold Royalty Corp. (GROY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years58.18%
TTM54.51%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-21.08%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-31.96%
Return on Capital
10 Years-2.91%
5 Years-2.91%
3 Years-0.55%
Last Year0.22%
GROY Recent Earnings
Gold Royalty Corp. (GROY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (27%)●Beat Revenue 4/12 qtrs (36%)
Q2 2026Latest
Mar 18, 2026EPS
$0.00
Est $0.00
+9.1%
Revenue
$5M
Est $5M
+4.7%
Q4 2025
Nov 5, 2025EPS
$0.01
Est $0.01
-10.5%
Revenue
$4M
Est $4M
+3.7%
Q3 2025
Aug 6, 2025EPS
—
Est $0.01
Revenue
$4M
Est $4M
+5.6%
Q2 2025
May 7, 2025EPS
$0.01
Est $0.01
+0.0%
Revenue
$3M
Est $100,000
+3038.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 18, 2026 | $0.00vs $0.00+9.1% | $5Mvs $5M+4.7% |
| Q4 2025 | Nov 5, 2025 | $0.01vs $0.01-10.5% | $4Mvs $4M+3.7% |
| Q3 2025 | Aug 6, 2025 | —vs $0.01 | $4Mvs $4M+5.6% |
| Q2 2025 | May 7, 2025 | $0.01vs $0.01+0.0% | $3Mvs $100,000+3038.0% |
Based on last 12 quarters of dataView full earnings history →
GROY Peer Comparison
Gold Royalty Corp. (GROY) competitors in Precious Metals Streaming and Royalties — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 WPM | 61.1B | 134.57 | 40.90 | 83.33% | 63.59% | 18.53% | 0.00 | |
 RGLD | 16.45B | 236.88 | 35.41 | 44.57% | 48.53% | 11.85% | 0.13 | |
 FNV | 45.21B | 234.50 | 40.02 | 66.42% | 61.07% | 16.25% | 0.00 | |
 OR | 7.26B | 38.74 | 34.90 | 47.52% | 74.29% | 14.1% | 0.01 | |
 EMX | 453.29M | 4.16 | -144.44 | 17.34% | 18.07% | 4.15% | 0.30 | |
 GORO | 228.09M | 1.41 | -30 | 44.01% | -6.93% | -22.72% | 2.07 | |
 HYMC | 3.63B | 39.76 | -42.30 | -65.73% | ||||
 USAS | 2.06B | 6.49 | -15.45 | 5.28% | -56.17% | -122.08% | 0.45 |
Compare GROY vs Peers
Gold Royalty Corp. (GROY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GROY Income Statement
Gold Royalty Corp. (GROY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'20 | Sep'21 | Sep'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 191.99K | 3.94M | 3.05M | 10.1M | 15.61M |
| Revenue Growth % | - | - | 1954.26% | -22.72% | 231.46% | 54.51% |
| Cost of Goods Sold | 45 | 168.66K | 1.76M | 1.49M | 3.47M | 3.83M |
| COGS % of Revenue | - | 87.85% | 44.52% | 48.95% | 34.37% | 24.56% |
| Gross Profit | -45▲ 0% | 23.33K▲ 51944.4% | 2.19M▲ 9278.5% | 1.56M▼ 28.9% | 6.63M▲ 326.2% | 11.78M▲ 77.6% |
| Gross Margin % | - | 12.15% | 55.48% | 51.05% | 65.63% | 75.44% |
| Gross Profit Growth % | - | 51944.44% | 9278.48% | -28.88% | 326.16% | 77.59% |
| Operating Expenses | 140.59K | 12.6M | 19.63M | 10.33M | 10.7M | 10.08M |
| OpEx % of Revenue | - | 6565.25% | 497.59% | 338.94% | 105.87% | 64.59% |
| Selling, General & Admin | 140.59K | 12.59M | 19.55M | 10.33M | 10.56M | 10.08M |
| SG&A % of Revenue | - | 6558.73% | 495.77% | 338.94% | 104.54% | 64.59% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 12.52K | 0 | 0 | 134K | 0 |
| Operating Income | -140.63K▲ 0% | -12.58M▼ 8846.4% | -17.44M▼ 38.6% | -8.78M▲ 49.7% | -4.07M▲ 53.7% | 1.69M▲ 141.7% |
| Operating Margin % | - | -6553.09% | -442.11% | -287.89% | -40.24% | 10.85% |
| Operating Income Growth % | - | -8846.42% | -38.59% | 49.68% | 53.68% | 141.67% |
| EBITDA | -140.45K | -9.92M | -15.57M | -7.76M | -782K | 4.43M |
| EBITDA Margin % | - | -5166.97% | -394.73% | -254.66% | -7.74% | 28.38% |
| EBITDA Growth % | - | -6963.1% | -56.93% | 50.14% | 89.93% | 666.5% |
| D&A (Non-Cash Add-back) | 180 | 2.66M | 1.87M | 1.01M | 3.28M | 2.74M |
| EBIT | -140.63K | -12.58M | -17.44M | -8.78M | -1.34M | 1.69M |
| Net Interest Income | 0 | 67.35K | -633K | -1.84M | -8.04M | -8.27M |
| Interest Income | 0 | 67.35K | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 633K | 1.84M | 8.04M | 8.27M |
| Other Income/Expense | -1 | -2.42M | 76K | -24.29M | -5.32M | -6.03M |
| Pretax Income | -140.63K▲ 0% | -15.01M▼ 10570.6% | -17.36M▼ 15.7% | -33.06M▼ 90.4% | -9.38M▲ 71.6% | -4.33M▲ 53.8% |
| Pretax Margin % | - | -7816.11% | -440.19% | -1084.68% | -92.89% | -27.77% |
| Income Tax | 5 | 2.42M | -15K | -6.13M | -5.97M | -205K |
| Effective Tax Rate % | -0% | -16.16% | 0.09% | 18.55% | 63.65% | 4.73% |
| Net Income | -140.63K▲ 0% | -17.43M▼ 12294.9% | -17.35M▲ 0.5% | -26.76M▼ 54.2% | -3.41M▲ 87.3% | -4.13M▼ 21.1% |
| Net Margin % | - | -9079.13% | -439.81% | -877.82% | -33.76% | -26.46% |
| Net Income Growth % | - | -12294.93% | 0.49% | -54.25% | 87.25% | -21.08% |
| Net Income (Continuing) | - | -17.43M | -17.35M | - | -3.41M | -4.13M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.00▲ 0% | -0.52▼ 15194.1% | -0.14▲ 73.1% | -0.18▼ 28.6% | -0.02▲ 88.9% | -0.02▼ 18.0% |
| EPS Growth % | - | - | 73.08% | -28.57% | 88.89% | -18% |
| EPS (Basic) | -0.00 | -0.52 | -0.14 | -0.18 | -0.02 | -0.02 |
| Diluted Shares Outstanding | 40.83M | 33.56M | 128.23M | 144.73M | 159.52M | 174.99M |
| Basic Shares Outstanding | 40.83M | 33.56M | 128.23M | 144.73M | 159.52M | 174.99M |
| Dividend Payout Ratio | - | - | - | - | - | - |
GROY Balance Sheet
Gold Royalty Corp. (GROY) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'20 | Sep'21 | Sep'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Current Assets | 53.87K | 13.3M | 16.96M | 5.55M | 5.87M | 22.55M |
| Cash & Short-Term Investments | 37.54K | 11.02M | 14.25M | 1.78M | 2.48M | 13.96M |
| Cash Only | 37.54K | 9.91M | 7.05M | 1.44M | 2.27M | 12.41M |
| Short-Term Investments | 0 | 1.12M | 7.2M | 342K | 214K | 1.55M |
| Accounts Receivable | 241 | 411.71K | 1.41M | 3.76M | 3.39M | 2.74M |
| Days Sales Outstanding | - | 782.72 | 130.67 | 450.38 | 122.47 | 64.09 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 16.09K | 1.87M | 1.3M | 0 | 0 | 5.85M |
| Total Non-Current Assets | 1.59K | 266.2M | 671.66M | 685.45M | 731.64M | 815.72M |
| Property, Plant & Equipment | 1.59K | 264.54M | 668.29M | 671.72M | 717.78M | 786.74M |
| Fixed Asset Turnover | - | 0.00x | 0.01x | 0.00x | 0.01x | 0.02x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 1.59M | 3.02M | 3.27M | 2.88M | 2.49M |
| Other Non-Current Assets | 0 | 66.47K | 353K | 10.46M | 10.98M | 10.99M |
| Total Assets | 55.46K▲ 0% | 279.5M▲ 503901.1% | 688.61M▲ 146.4% | 690.99M▲ 0.3% | 737.51M▲ 6.7% | 838.27M▲ 13.7% |
| Asset Turnover | - | 0.00x | 0.01x | 0.00x | 0.01x | 0.02x |
| Asset Growth % | - | 503901.08% | 146.37% | 0.35% | 6.73% | 13.66% |
| Total Current Liabilities | 196.38K | 6.92M | 7.21M | 3.85M | 3.86M | 4.62M |
| Accounts Payable | 75.45K | 6.88M | 6.1M | 0 | 3.39M | 4.62M |
| Days Payables Outstanding | 612K | 14.9K | 1.27K | - | 356.38 | 439.64 |
| Short-Term Debt | 0 | 36.31K | 256K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 42.7M | 135.52M | 0 | 0 | 0 |
| Other Current Liabilities | 45.48K | -49.58M | -140.77M | 3.85M | 3.86M | 0 |
| Current Ratio | 0.27x | 1.92x | 2.35x | 1.44x | 1.52x | 4.88x |
| Quick Ratio | 0.27x | 1.92x | 2.35x | 1.44x | 1.52x | 4.88x |
| Cash Conversion Cycle | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 47.26M | 145.18M | 166.19M | 175.35M | 134.46M |
| Long-Term Debt | 0 | 11.3K | 9.66M | 32.79M | 49.82M | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 264K | 181K | 101K |
| Deferred Tax Liabilities | 0 | 42.7M | 135.52M | 131.21M | 124.05M | 134.35M |
| Other Non-Current Liabilities | 0 | 4.55M | 43K | 1.92M | 1.31M | 0 |
| Total Liabilities | 196.38K | 54.18M | 152.4M | 170.04M | 179.21M | 139.07M |
| Total Debt | 0 | 47.61K | 9.66M | 33.06M | 50M | 101K |
| Net Debt | -37.54K | -9.86M | 2.61M | 31.61M | 47.73M | -12.31M |
| Debt / Equity | - | 0.00x | 0.02x | 0.06x | 0.09x | 0.00x |
| Debt / EBITDA | - | - | - | - | - | 0.02x |
| Net Debt / EBITDA | - | - | - | - | - | -2.78x |
| Interest Coverage | - | - | -27.55x | -4.77x | -0.17x | 0.20x |
| Total Equity | -140.93K▲ 0% | 225.32M▲ 159983.5% | 536.22M▲ 138.0% | 520.95M▼ 2.8% | 558.3M▲ 7.2% | 699.2M▲ 25.2% |
| Equity Growth % | - | 159983.54% | 137.98% | -2.85% | 7.17% | 25.24% |
| Book Value per Share | -0.00 | 6.71 | 4.18 | 3.60 | 3.50 | 4.00 |
| Total Shareholders' Equity | -140.93K | 225.32M | 536.22M | 520.95M | 558.3M | 699.2M |
| Common Stock | 0 | 228.62M | 551.07M | 556.18M | 595.81M | 752.24M |
| Retained Earnings | -140.63K | -15.15M | -36.52M | -69.82M | -73.23M | -77.36M |
| Treasury Stock | - | - | - | 0 | 0 | 0 |
| Accumulated OCI | -296 | 11.84M | 21.67M | 34.59M | 35.72M | 24.31M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
GROY Cash Flow Statement
Gold Royalty Corp. (GROY) cash flow — operating, investing & free cash flow history
| Line item | Sep'20 | Sep'21 | Sep'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | 331 | -11.95M | -19.26M | -7.92M | 2.54M | 1M |
| Operating CF Margin % | - | -6224.24% | -488.39% | -259.88% | 25.17% | 6.41% |
| Operating CF Growth % | - | -3610366.47% | -61.19% | 58.88% | 132.1% | -60.68% |
| Net Income | -140.63K | -15.01M | -17.35M | -26.76M | -3.41M | -4.13M |
| Depreciation & Amortization | 45 | 5.18K | 72K | 1.01M | 79K | 2.74M |
| Stock-Based Compensation | 0 | 2.99M | 3.15M | -2.24M | 2.34M | 0 |
| Deferred Taxes | 0 | 1.81M | -129K | -6.18M | -6.48M | -528K |
| Other Non-Cash Items | 331 | -63.59K | 1.11M | 25.83M | 8.68M | 3.43M |
| Working Capital Changes | 140.59K | -1.69M | -6.12M | -1.83M | 1.34M | -512K |
| Change in Receivables | -241 | -149.82K | -655K | -215K | 335K | -1.08M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 23.33K | -8.35M | 0 | 0 | 0 |
| Cash from Investing | 0 | -69.17M | 10.58M | -33.56M | -44.07M | -68.72M |
| Capital Expenditures | 0 | -10.98M | -19.71M | -28.7M | -46.1M | -72.96M |
| CapEx % of Revenue | - | 5717.99% | 499.75% | 941.63% | 456.28% | 467.39% |
| Acquisitions | 0 | -58.25M | 9.98M | 0 | 0 | 3.25M |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 59.98K | 1.81M | -8.16M | 1.86M | 561K |
| Cash from Financing | 37.54K | 90.95M | 5.83M | 37.08M | 42.35M | 77.86M |
| Debt Issued (Net) | - | - | - | - | 14.53M | -26.19M |
| Equity Issued (Net) | - | - | - | - | 31.98M | 107.21M |
| Dividends Paid | 0 | 0 | -4.03M | -2.6M | 0 | 0 |
| Share Repurchases | 0 | 0 | -856K | 0 | 0 | 0 |
| Other Financing | 187.69K | 90.95M | 9.92M | -76K | -4.16M | -3.16M |
| Net Change in Cash | 37.87K▲ 0% | 9.87M▲ 25957.4% | -2.86M▼ 129.0% | -5.61M▼ 96.2% | 824K▲ 114.7% | 10.14M▲ 1130.6% |
| Free Cash Flow | 331▲ 0% | -22.93M▼ 6926989.4% | -38.97M▼ 70.0% | -36.62M▲ 6.0% | -43.55M▼ 18.9% | 1M▲ 102.3% |
| FCF Margin % | - | -11942.23% | -988.13% | -1201.51% | -431.11% | 6.41% |
| FCF Growth % | - | -6926989.43% | -69.98% | 6.03% | -18.93% | 102.3% |
| FCF per Share | 0.00 | -0.68 | -0.30 | -0.25 | -0.27 | 0.01 |
| FCF Conversion (FCF/Net Income) | -0.00x | 0.69x | 1.11x | 0.30x | -0.75x | -0.24x |
| Interest Paid | - | - | - | - | 0 | 0 |
| Taxes Paid | - | - | - | - | 0 | 0 |
GROY Key Ratios
Gold Royalty Corp. (GROY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -15.48% | -4.56% | -5.06% | -0.63% | -0.66% |
| Return on Invested Capital (ROIC) | - | -8.77% | -3.47% | -1.21% | -0.53% | 0.2% |
| Gross Margin | - | 12.15% | 55.48% | 51.05% | 65.63% | 75.44% |
| Net Margin | - | -9079.13% | -439.81% | -877.82% | -33.76% | -26.46% |
| Debt / Equity | - | 0.00x | 0.02x | 0.06x | 0.09x | 0.00x |
| Interest Coverage | - | - | -27.55x | -4.77x | -0.17x | 0.20x |
| FCF Conversion | -0.00x | 0.69x | 1.11x | 0.30x | -0.75x | -0.24x |
| Revenue Growth | - | - | 1954.26% | -22.72% | 231.46% | 54.51% |
GROY Frequently Asked Questions
Gold Royalty Corp. (GROY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Gold Royalty Corp. (GROY) reported $15.6M in revenue for fiscal year 2025.
Gold Royalty Corp. (GROY) grew revenue by 54.5% over the past year. This is strong growth.
Gold Royalty Corp. (GROY) reported a net loss of $4.1M for fiscal year 2025.
Dividend & Returns
Gold Royalty Corp. (GROY) has a return on equity (ROE) of -0.7%. Negative ROE indicates the company is unprofitable.
Gold Royalty Corp. (GROY) generated $3.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More GROY
Gold Royalty Corp. (GROY) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates