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6Apr 2, 2026·SEC
Mar 27, 2026·SEC
Feb 23, 2026·SEC
Trilogy Metals Inc. (TMQ) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Trilogy Metals Inc. (TMQ) stock price & volume — 10-year historical chart
Trilogy Metals Inc. (TMQ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Trilogy Metals Inc. (TMQ) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 2, 2026 | $0.03vs $0.01-200.0% | — |
| Q2 2026 | Apr 1, 2026 | $0.04vs $0.01-300.0% | — |
| Q1 2026 | Feb 17, 2026 | $0.11vs $0.11+0.0% | — |
| Q4 2025 | Sep 30, 2025 | $0.01vs $0.01+0.0% | — |
Trilogy Metals Inc. (TMQ) competitors in Base Metals Mining and Smelting — business model, growth, and fundamentals comparison
Trilogy Metals Inc. (TMQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Trilogy Metals Inc. (TMQ) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Nov'17 | Nov'18 | Nov'19 | Nov'20 | Nov'21 | Nov'22 | Nov'23 | Nov'24 | Nov'25 |
|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 15.1M | 16.49M | 16.49M | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue Growth % | 199.78% | 9.21% | 0% | -100% | - | - | - | - | - |
Cost of Goods Sold | 15.1M | 16.49M | 19.21M | 1.54M | 20.59K | 16.4K | 7.96K | 3.89K | 0 |
COGS % of Revenue | 100% | 100% | 116.5% | - | - | - | - | - | - |
Gross Profit | 0▲ 0% | 0▲ 0% | -2.72M▲ 0% | -1.54M▲ 43.2% | -20.59K▲ 98.7% | -16.4K▲ 20.4% | -7.96K▲ 51.4% | -3.89K▲ 51.2% | 0▲ 100.0% |
Gross Margin % | - | - | -16.5% | - | - | - | - | - | - |
Gross Profit Growth % | - | - | - | 43.22% | 98.67% | 20.35% | 51.44% | 51.16% | 100% |
Operating Expenses | 4.22M | 5.46M | 9.21M | 10.56M | 7.96M | 6.68M | 7.08M | 6.51M | 9.46M |
OpEx % of Revenue | 27.98% | 33.1% | 55.87% | - | - | - | - | - | - |
Selling, General & Admin | 4.12M | 5.3M | 8.38M | 10.47M | 8.42M | 6.88M | 7.08M | 2.14M | 3.39M |
SG&A % of Revenue | 27.27% | 32.13% | 50.81% | - | - | - | - | - | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 107K | 160K | 834K | 91K | -459K | -196.83K | 0 | 4.37M | 6.07M |
Operating Income | -21.05M▲ 0% | -21.5M▼ 2.2% | -28.44M▼ 32.3% | -187.82M▼ 560.3% | -8.41M▲ 95.5% | -6.74M▲ 19.9% | -7.08M▼ 5.1% | -6.52M▲ 8.0% | -9.46M▼ 45.1% |
Operating Margin % | -139.37% | -130.4% | -172.49% | - | - | - | - | - | - |
Operating Income Growth % | -338.35% | -2.18% | -32.27% | -560.35% | 95.52% | 19.87% | -5.06% | 8% | -45.09% |
EBITDA | -20.94M | -21.35M | -28.23M | -187.54M | -8.39M | -6.73M | -7.08M | -6.51M | -9.46M |
EBITDA Margin % | -138.65% | -129.46% | -171.21% | - | - | - | - | - | - |
EBITDA Growth % | -343.3% | -1.96% | -32.25% | -564.28% | 95.52% | 19.86% | -5.19% | 7.95% | -45.18% |
D&A (Non-Cash Add-back) | 108.18K | 155.41K | 211.12K | 283.23K | 21K | 16.4K | 8K | 3.89K | 0 |
EBIT | -21.34M | -21.22M | -27.92M | -11.57M | -7.98M | -6.85M | -7.09M | -8.35M | -9.46M |
Net Interest Income | 0 | 0 | 0 | 0 | 16K | 34K | 120K | 0 | 0 |
Interest Income | 59K | 346K | 500K | 87K | 16K | 34K | 120K | 0 | 0 |
Interest Expense | 59K | 346K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Income/Expense | -2.46M | 160.73K | -315K | 173.25M | -13.7M | -17.51M | -7.8M | -1.84M | -32.86M |
Pretax Income | -21.1M▲ 0% | -21.85M▼ 3.5% | -27.91M▼ 27.7% | 161.77M▲ 679.7% | -21.66M▼ 113.4% | -24.26M▼ 12.0% | -14.89M▲ 38.6% | -8.35M▲ 43.9% | -42.32M▼ 406.6% |
Pretax Margin % | -139.76% | -132.5% | -169.22% | - | - | - | - | - | - |
Income Tax | 59K | 346K | -519K | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | -0.28% | -1.58% | 1.86% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | -21.1M▲ 0% | -21.85M▼ 3.5% | -27.39M▼ 25.3% | 161.77M▲ 690.7% | -21.68M▼ 113.4% | -24.26M▼ 11.9% | -14.95M▲ 38.4% | -8.35M▲ 44.1% | -42.32M▼ 406.6% |
Net Margin % | -139.76% | -132.5% | -166.08% | - | - | - | - | - | - |
Net Income Growth % | -334.06% | -3.53% | -25.34% | 690.69% | -113.4% | -11.89% | 38.36% | 44.13% | -406.61% |
Net Income (Continuing) | -21.1M | -21.85M | -27.92M | 161.77M | -21.66M | -24.26M | -14.95M | -8.35M | -42.32M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.20▲ 0% | -0.18▲ 10.0% | -0.20▼ 11.1% | 2.33▲ 1265.0% | -0.15▼ 106.4% | -0.17▼ 13.3% | -0.10▲ 42.6% | -0.05▲ 46.5% | -0.26▼ 398.1% |
EPS Growth % | -331.97% | 10% | -11.11% | 1265% | -106.44% | -13.33% | 42.65% | 46.46% | -398.08% |
EPS (Basic) | -0.20 | -0.18 | -0.20 | 2.39 | -0.15 | -0.17 | -0.10 | -0.05 | -0.26 |
Diluted Shares Outstanding | 105.56M | 121.78M | 135.23M | 144.6M | 144.43M | 145.72M | 152.65M | 159.83M | 164.82M |
Basic Shares Outstanding | 105.56M | 121.78M | 135.23M | 141.46M | 144.43M | 145.72M | 152.65M | 159.83M | 164.82M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Trilogy Metals Inc. (TMQ) balance sheet — assets, liabilities & shareholders' equity
| Metric | Nov'17 | Nov'18 | Nov'19 | Nov'20 | Nov'21 | Nov'22 | Nov'23 | Nov'24 | Nov'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 9.21M | 23.63M | 20.16M | 11.44M | 6.61M | 2.91M | 2.88M | 26.05M | 51.92M |
Cash & Short-Term Investments | 7.91M | 22.99M | 19.17M | 11.13M | 6.31M | 2.57M | 2.85M | 25.83M | 51.61M |
Cash Only | 5.39M | 22.99M | 19.17M | 11.13M | 6.31M | 2.57M | 2.59M | 25.83M | 51.61M |
Short-Term Investments | 2.52M | 0 | 0 | 0 | 0 | 0 | 259K | 0 | 0 |
Accounts Receivable | 470K | 23K | 264K | 114K | 19K | 17K | 33K | 16K | 118K |
Days Sales Outstanding | 11.36 | 0.51 | 5.84 | - | - | - | - | - | - |
Inventory | 0 | 0 | 0 | 0 | -934 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
Other Current Assets | 837K | 0 | 0 | 15K | 0 | 0 | 0 | 0 | 193K |
Total Non-Current Assets | 31.07M | 31.03M | 31.46M | 173.83M | 160.69M | 143.09M | 135.14M | 107.65M | 105.38M |
Property, Plant & Equipment | 31.07M | 30.91M | 31.35M | 682K | 630K | 331K | 117K | 155K | 117K |
Fixed Asset Turnover | 0.49x | 0.53x | 0.53x | - | - | - | - | - | - |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 114K | 114K | 173.15M | 160.06M | 142.75M | 135.02M | 107.39M | 0 |
Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 106.74K | 105.26M |
Total Assets | 40.28M▲ 0% | 54.66M▲ 35.7% | 51.62M▼ 5.6% | 185.26M▲ 258.9% | 167.31M▼ 9.7% | 146M▼ 12.7% | 138.02M▼ 5.5% | 133.7M▼ 3.1% | 157.3M▲ 17.7% |
Asset Turnover | 0.37x | 0.30x | 0.32x | - | - | - | - | - | - |
Asset Growth % | -13.84% | 35.7% | -5.57% | 258.92% | -9.69% | -12.74% | -5.46% | -3.13% | 17.66% |
Total Current Liabilities | 4.25M | 1.66M | 2.35M | 1.05M | 1.03M | 534K | 465K | 793K | 33.11M |
Accounts Payable | 2.77M | 408K | 902K | 226K | 205K | 188K | 146K | 196K | 0 |
Days Payables Outstanding | 66.88 | 9.03 | 17.14 | 53.39 | 3.63K | 4.18K | 6.69K | 18.39K | - |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41K |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.07M |
Current Ratio | 2.17x | 14.26x | 8.56x | 10.93x | 6.41x | 5.45x | 6.20x | 32.84x | 1.57x |
Quick Ratio | 2.17x | 14.26x | 8.56x | 10.93x | 6.41x | 5.45x | 6.20x | 32.84x | 1.57x |
Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
Total Non-Current Liabilities | 10.37M | 20.8M | 31M | 408K | 235K | 33K | 0 | 110K | 70K |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 33.33K | 0 | 109.89K | 70K |
Capital Lease Obligations | 0 | 0 | 0 | 408K | 235K | 33K | 0 | 110K | 0 |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 10.37M | 20.8M | 31M | 0 | 0 | -33.33K | 0 | -109.89K | 0 |
Total Liabilities | 14.61M | 22.46M | 33.35M | 1.45M | 1.27M | 567K | 465K | 903K | 33.18M |
Total Debt | 0 | 0 | 0 | 566K | 414K | 222K | 33K | 147K | 111K |
Net Debt | -5.39M | -22.99M | -19.17M | -10.56M | -5.89M | -2.35M | -2.56M | -25.69M | -51.5M |
Debt / Equity | - | - | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
Debt / EBITDA | - | - | - | - | - | - | - | - | - |
Net Debt / EBITDA | - | - | - | - | - | - | - | - | - |
Interest Coverage | -356.69x | -62.15x | - | - | - | - | - | - | - |
Total Equity | 25.66M▲ 0% | 32.2M▲ 25.5% | 18.26M▼ 43.3% | 183.81M▲ 906.5% | 166.04M▼ 9.7% | 145.43M▼ 12.4% | 137.56M▼ 5.4% | 132.79M▼ 3.5% | 124.12M▼ 6.5% |
Equity Growth % | -44.39% | 25.47% | -43.29% | 906.47% | -9.67% | -12.41% | -5.41% | -3.46% | -6.53% |
Book Value per Share | 0.24 | 0.26 | 0.14 | 1.27 | 1.15 | 1.00 | 0.90 | 0.83 | 0.75 |
Total Shareholders' Equity | 25.66M | 32.2M | 18.26M | 183.81M | 166.04M | 145.43M | 137.56M | 132.79M | 124.12M |
Common Stock | 136.53M | 164.07M | 177.97M | 179.75M | 180.82M | 182.18M | 187.89M | 190.5M | 225.24M |
Retained Earnings | -132.87M | -154.81M | -182.71M | -20.95M | -42.6M | -66.86M | -81.81M | -90.31M | -132.21M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -3.34M | -3.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trilogy Metals Inc. (TMQ) cash flow — operating, investing & free cash flow history
| Metric | Nov'17 | Nov'18 | Nov'19 | Nov'20 | Nov'21 | Nov'22 | Nov'23 | Nov'24 | Nov'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -15.41M | -22.07M | -23.49M | -8.25M | -5.12M | -3.94M | -3.09M | -1.83M | -3.25M |
Operating CF Margin % | -102.06% | -133.84% | -142.46% | - | - | - | - | - | - |
Operating CF Growth % | -77.3% | -43.21% | -6.44% | 64.88% | 37.98% | 23.1% | 21.4% | 40.9% | -78% |
Net Income | -21.1M | -21.85M | -27.91M | 161.77M | -21.66M | -24.26M | -14.95M | -8.35M | 0 |
Depreciation & Amortization | 107K | 160K | 211K | 273K | 21K | 17K | 8K | 3.89K | 108K |
Stock-Based Compensation | 705K | 1.44M | 3.85M | 3.56M | 3.47M | 3.43M | 3.89M | 3.52M | 0 |
Deferred Taxes | 0 | 0 | 0 | -172.87M | 13.09M | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 1.84M | 219K | 1K | -189K | -15K | 17.45M | 7.96M | 2.6M | -5.03M |
Working Capital Changes | 3.04M | -2.04M | 356K | -796K | -27K | -568K | 4K | 405K | 1.67M |
Change in Receivables | -423K | 447K | -241K | 135K | 110K | 2K | 6.97K | 17K | 8.01K |
Change in Inventory | 0 | 0 | -697.39K | 1.52M | 35.3K | 488.2K | 0 | 0 | 0 |
Change in Payables | 3.62M | -2.52M | 697.39K | -1.52M | -35.3K | -488.2K | 0 | 0 | 0 |
Cash from Investing | 13.54M | 12.72M | 9.55M | 0 | -119K | 142K | 0 | 25M | -1M |
Capital Expenditures | -300K | -7K | -645K | 0 | -119K | 0 | 0 | 0 | 0 |
CapEx % of Revenue | 1.99% | 0.04% | 3.91% | - | - | - | - | - | - |
Acquisitions | 10.48M | 10.14M | 10.21M | 0 | 0 | 137K | 0 | 25M | 0 |
Investments | - | - | - | - | - | - | - | - | - |
Other Investing | 10.37M | 10.44M | -5.78K | 0 | 0 | 5K | 0 | 0 | 0 |
Cash from Financing | -90K | 26.95M | 10.12M | 217K | 416K | 54K | 3.12M | 71.98K | 30.06M |
Debt Issued (Net) | 0 | 0 | 0 | 0 | -14.71K | 0 | 0 | 0 | 0 |
Equity Issued (Net) | 0 | 1000K | 0 | 0 | 407.99K | 52.1K | 1000K | 71.98K | 1000K |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -90K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | -90K | -1.8M | 10.12M | 217K | 22.72K | 1.9K | 13.29K | 0 | 0 |
Net Change in Cash | -1.95M▲ 0% | 17.6M▲ 1003.0% | -3.82M▼ 121.7% | -8.05M▼ 110.9% | -4.82M▲ 40.2% | -3.73M▲ 22.5% | 17K▲ 100.5% | 23.24M▲ 136629.4% | -3.96M▼ 117.1% |
Free Cash Flow | -15.71M▲ 0% | -22.08M▼ 40.5% | -24.14M▼ 9.3% | -8.25M▲ 65.8% | -5.24M▲ 36.5% | -3.94M▲ 24.8% | -3.09M▲ 21.4% | -1.83M▲ 40.9% | -3.25M▼ 78.0% |
FCF Margin % | -104.05% | -133.88% | -146.37% | - | - | - | - | - | - |
FCF Growth % | -78.25% | -40.52% | -9.33% | 65.82% | 36.54% | 24.85% | 21.4% | 40.9% | -78% |
FCF per Share | -0.15 | -0.18 | -0.18 | -0.06 | -0.04 | -0.03 | -0.02 | -0.01 | -0.02 |
FCF Conversion (FCF/Net Income) | 0.73x | 1.01x | 0.86x | -0.05x | 0.24x | 0.16x | 0.21x | 0.22x | 0.08x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trilogy Metals Inc. (TMQ) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -10.07% | -58.77% | -75.51% | -108.53% | 160.11% | -12.39% | -15.58% | -10.57% | -6.18% | -32.94% |
Return on Invested Capital (ROIC) | -9.85% | -53.42% | -109.39% | -514.03% | -163.47% | -3.79% | -3.34% | -3.82% | -4.04% | -7.89% |
Gross Margin | - | - | - | -16.5% | - | - | - | - | - | - |
Net Margin | -96.53% | -139.76% | -132.5% | -166.08% | - | - | - | - | - | - |
Debt / Equity | - | - | - | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
Interest Coverage | -78.70x | -356.69x | -62.15x | - | - | - | - | - | - | - |
FCF Conversion | 1.79x | 0.73x | 1.01x | 0.86x | -0.05x | 0.24x | 0.16x | 0.21x | 0.22x | 0.08x |
Revenue Growth | 12.53% | 199.78% | 9.21% | 0% | -100% | - | - | - | - | - |
Trilogy Metals Inc. (TMQ) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 2, 2026·SEC
Mar 27, 2026·SEC
Feb 23, 2026·SEC
Trilogy Metals Inc. (TMQ) stock FAQ — growth, dividends, profitability & financials explained
Trilogy Metals Inc. (TMQ) grew revenue by 0.0% over the past year. Growth has been modest.
Trilogy Metals Inc. (TMQ) reported a net loss of $42.2M for fiscal year 2025.
Trilogy Metals Inc. (TMQ) has a return on equity (ROE) of -32.9%. Negative ROE indicates the company is unprofitable.
Trilogy Metals Inc. (TMQ) had negative free cash flow of $3.3M in fiscal year 2025, likely due to heavy capital investments.