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U.S. GoldMining Inc.(USGO)Earnings, Financials & Key Ratios
USGO•NASDAQ
$13.53
$169M mkt cap·Price updated May 6, 2026
SectorBasic MaterialsIndustryIndustrial MaterialsSub-IndustryPrecious Metals Exploration and Development
AboutU.S. GoldMining Inc., an exploration stage company, engages in the exploration and development of mineral properties in the United States. It holds interests in the Whistler project, a gold-copper exploration project covering 17,159 Ha located in the Yentna mining district, Alaska. The company was incorporated in 2015 and is based in Anchorage, Alaska. U.S. GoldMining Inc. operates as a subsidiary of GoldMining Inc.Show more
- Revenue$0
- EBITDA-$9M+10.0%
- Net Income-$8M+9.3%
- EPS (Diluted)-0.68+9.3%
- ROE-101.9%+40.5%
- ROIC-823.17%+83.9%
- Debt/Equity0.02+122.1%
USGO Key Insights
U.S. GoldMining Inc. (USGO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Expensive at 37.8x book value
- ✗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.
USGO Price & Volume
U.S. GoldMining Inc. (USGO) stock price & volume — 10-year historical chart
Loading chart...
USGO Growth Metrics
U.S. GoldMining Inc. (USGO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM36.34%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM37.19%
Return on Capital
10 Years-308.88%
5 Years-308.88%
3 Years-136.95%
Last Year-103.17%
USGO Recent Earnings
U.S. GoldMining Inc. (USGO) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
Apr 7, 2026EPS
$0.02
Revenue
—
Q2 2026
Mar 20, 2026EPS
$0.15
Revenue
—
Q1 2026
Feb 27, 2026EPS
$0.03
Revenue
—
Q4 2025
Nov 13, 2025EPS
$0.22
Revenue
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 7, 2026 | $0.02 | — |
| Q2 2026 | Mar 20, 2026 | $0.15 | — |
| Q1 2026 | Feb 27, 2026 | $0.03 | — |
| Q4 2025 | Nov 13, 2025 | $0.22 | — |
Based on last 12 quarters of dataView full earnings history →
USGO Peer Comparison
U.S. GoldMining Inc. (USGO) competitors in Precious Metals Exploration and Development — 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 |
|---|---|---|---|---|---|---|---|---|
 USAS | 2.06B | 6.49 | -15.45 | 5.28% | -56.17% | -122.08% | 0.45 | |
 GORO | 228.09M | 1.41 | -30 | 44.01% | -6.93% | -22.72% | 2.07 | |
 GLDG | 251.73M | 1.20 | -12.14 | -8.51% | 0.00 | |||
 NEM | 127.53B | 115.10 | 17.96 | 19.08% | 30.54% | 15.58% | 0.01 | |
 AEM | 95.09B | 189.81 | 21.42 | 43.71% | 37.48% | 19.25% | 0.01 | |
 AU | 49.78B | 98.60 | 19.00 | 70.78% | 27.59% | 30.8% | 0.25 | |
 KGC | 36.86B | 30.78 | 15.47 | 39.34% | 36.04% | 33.95% | 0.09 | |
 EGO | 6.26B | 31.66 | 12.61 | 39.93% | 28% | 12.42% | 0.30 |
Compare USGO vs Peers
U.S. GoldMining Inc. (USGO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
USGO Income Statement
U.S. GoldMining Inc. (USGO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Nov'20 | Nov'21 | Nov'22 | Nov'23 | Nov'24 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 189.3K |
| Revenue Growth % | - | - | - | - | - | - |
| Cost of Goods Sold | 108.6K | 17.62K | 19.25K | 52.01K | 143.8K | 206.03K |
| COGS % of Revenue | - | - | - | - | - | - |
| Gross Profit | -108.6K▲ 0% | -17.62K▲ 83.8% | -19.25K▼ 9.3% | -52.01K▼ 170.1% | -143.8K▼ 176.5% | -146.81K▲ 0% |
| Gross Margin % | - | - | - | - | - | -77.56% |
| Gross Profit Growth % | - | 83.78% | -9.3% | -170.11% | -176.48% | - |
| Operating Expenses | 595.01K | 697.31K | 1.74M | 9.72M | 8.75M | 6.68M |
| OpEx % of Revenue | - | - | - | - | - | - |
| Selling, General & Admin | 147.63K | 219.91K | 1.43M | 9.72M | 2.95M | 4.76M |
| SG&A % of Revenue | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 5.8M | 1.92M |
| Operating Income | -595.01K▲ 0% | -697.31K▼ 17.2% | -1.74M▼ 148.9% | -9.78M▼ 463.4% | -8.89M▲ 9.0% | -6.83M▲ 0% |
| Operating Margin % | - | - | - | - | - | -3607.04% |
| Operating Income Growth % | - | -17.19% | -148.87% | -463.38% | 9.04% | - |
| EBITDA | -486.41K | -679.7K | -1.72M | -9.72M | -8.75M | -6.64M |
| EBITDA Margin % | - | - | - | - | - | -3505.98% |
| EBITDA Growth % | - | -39.74% | -152.49% | -466.67% | 10.03% | 39.13% |
| D&A (Non-Cash Add-back) | 108.6K | 17.62K | 19.25K | 52.01K | 143.8K | 191.31K |
| EBIT | -595.01K | -697.31K | -1.74M | -9.35M | -8.48M | -6.81M |
| Net Interest Income | 0 | 0 | 0 | 426.92K | 401.59K | 142.32K |
| Interest Income | 0 | 0 | 0 | 426.92K | 401.59K | 142.32K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 0 | 0 | -3.27K | 425.12K | 410.96K | 129.11K |
| Pretax Income | -595.01K▲ 0% | -697.31K▼ 17.2% | -1.74M▼ 149.3% | -9.35M▼ 437.9% | -8.48M▲ 9.3% | -6.7M▲ 0% |
| Pretax Margin % | - | - | - | - | - | -3538.84% |
| Income Tax | 0 | 0 | 0 | 4.94K | 4.97K | 4.16K |
| Effective Tax Rate % | 0% | 0% | 0% | -0.05% | -0.06% | -0.06% |
| Net Income | -595.01K▲ 0% | -697.31K▼ 17.2% | -1.74M▼ 149.3% | -9.36M▼ 438.1% | -8.49M▲ 9.3% | -6.7M▲ 0% |
| Net Margin % | - | - | - | - | - | -3541.04% |
| Net Income Growth % | - | -17.19% | -149.34% | -438.15% | 9.29% | 36.34% |
| Net Income (Continuing) | -595.01K | -697.31K | -1.74M | -9.36M | -8.49M | -6.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05▲ 0% | -0.06▼ 17.3% | -0.14▼ 143.5% | -0.75▼ 435.7% | -0.68▲ 9.3% | -0.03▲ 0% |
| EPS Growth % | - | -17.35% | -143.48% | -435.71% | 9.33% | 37.19% |
| EPS (Basic) | -0.05 | -0.06 | -0.14 | -0.75 | -0.68 | - |
| Diluted Shares Outstanding | 12.14M | 12.14M | 12.14M | 12.4M | 12.41M | 199.26M |
| Basic Shares Outstanding | 12.14M | 12.14M | 12.14M | 12.4M | 12.41M | 199.26M |
| Dividend Payout Ratio | - | - | - | - | - | - |
USGO Balance Sheet
U.S. GoldMining Inc. (USGO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Nov'20 | Nov'21 | Nov'22 | Nov'23 | Nov'24 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 11.49K | 22.67K | 229.62K | 12.01M | 4.12M | 3.81M |
| Cash & Short-Term Investments | 4.45K | 5.63K | 54.51K | 11.4M | 3.88M | 3.29M |
| Cash Only | 4.45K | 5.63K | 54.51K | 11.4M | 3.88M | 3.29M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 68K | 115.11K | 7.42K | 12.39K |
| Days Sales Outstanding | - | - | - | - | - | 31.61 |
| Inventory | 0 | 0 | 94.93K | 27.25K | 34.86K | 14.72K |
| Days Inventory Outstanding | - | - | 1.8K | 191.23 | 88.48 | 52.83 |
| Other Current Assets | 0 | 0 | 0 | 86.87K | 86.26K | 42.97K |
| Total Non-Current Assets | 733.34K | 417.12K | 94.93K | 1.02M | 1.03M | 905.95K |
| Property, Plant & Equipment | 733.34K | 417.12K | 0 | 1.02M | 999.53K | 2.99M |
| Fixed Asset Turnover | - | - | - | - | - | 0.09x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 112.9M |
| Other Non-Current Assets | 0 | 0 | 94.93K | 0 | 31.39K | -117.08M |
| Total Assets | 744.83K▲ 0% | 439.79K▼ 41.0% | 229.62K▼ 47.8% | 13.02M▲ 5571.9% | 5.15M▼ 60.5% | 4.71M▲ 0% |
| Asset Turnover | - | - | - | - | - | 0.04x |
| Asset Growth % | - | -40.95% | -47.79% | 5571.9% | -60.46% | -209.83% |
| Total Current Liabilities | 494.48K | 497.51K | 1.29M | 513.08K | 420.24K | 581.38K |
| Accounts Payable | 0 | 25 | 466.13K | 197.98K | 185.25K | 40.28K |
| Days Payables Outstanding | - | 0.52 | 8.84K | 1.39K | 470.22 | 295.83 |
| Short-Term Debt | 494.48K | 494.48K | 677.78K | 0 | 25.14K | 28.98K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 378.84K | 180.86K | 483.13K |
| Current Ratio | 0.02x | 0.05x | 0.18x | 23.40x | 9.80x | 9.80x |
| Quick Ratio | 0.02x | 0.05x | 0.10x | 23.35x | 9.72x | 9.72x |
| Cash Conversion Cycle | - | - | - | - | - | -211.38 |
| Total Non-Current Liabilities | 189K | 206.62K | 225.87K | 297.97K | 283.77K | 279.43K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 118.09K | 84.25K | 300.79K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 189K | 206.62K | 225.87K | 179.88K | 199.53K | 827.58K |
| Total Liabilities | 683.48K | 704.12K | 1.51M | 811.04K | 704.02K | 860.81K |
| Total Debt | 494.48K | 494.48K | 677.78K | 135.35K | 109.39K | 94.02K |
| Net Debt | 490.04K | 488.85K | 623.27K | -11.27M | -3.77M | -3.2M |
| Debt / Equity | 8.06x | - | - | 0.01x | 0.02x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | -0.01x |
| Net Debt / EBITDA | - | - | - | - | - | 0.48x |
| Interest Coverage | - | - | - | - | - | - |
| Total Equity | 61.35K▲ 0% | -264.33K▼ 530.9% | -1.28M▼ 385.5% | 12.21M▲ 1051.7% | 4.45M▼ 63.6% | 3.85M▲ 0% |
| Equity Growth % | - | -530.85% | -385.48% | 1051.69% | -63.6% | -224.94% |
| Book Value per Share | 0.01 | -0.02 | -0.11 | 0.98 | 0.36 | 0.02 |
| Total Shareholders' Equity | 61.35K | -264.33K | -1.28M | 12.21M | 4.45M | 3.85M |
| Common Stock | 9.5K | 9.5K | 10.13K | 12.4K | 12.46K | 12.89K |
| Retained Earnings | -2.69M | -3.38M | -5.12M | -14.48M | -23.2M | -28.21M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
USGO Cash Flow Statement
U.S. GoldMining Inc. (USGO) cash flow — operating, investing & free cash flow history
| Line item | Nov'20 | Nov'21 | Nov'22 | Nov'23 | Nov'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | -427.89K | -636.12K | -1.32M | -9.43M | -7.75M | -7.75M |
| Operating CF Margin % | - | - | - | - | - | - |
| Operating CF Growth % | - | -48.66% | -107.85% | -613.14% | 17.78% | 43.51% |
| Net Income | -595.01K | -697.31K | -1.74M | -9.36M | -8.49M | -6.7M |
| Depreciation & Amortization | 108.6K | 17.62K | 19.25K | 30.96K | 125.59K | 295.44K |
| Stock-Based Compensation | 59.63K | 50.54K | 65.3K | 423.83K | 331.9K | 2.34M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | -9.23M |
| Other Non-Cash Items | 108.6K | 17.62K | 19.25K | 33.4K | 44.08K | 10.04M |
| Working Capital Changes | -1.11K | -6.96K | 331.95K | -560.43K | 232.88K | 49.96K |
| Change in Receivables | 60 | 0 | -68K | -47.11K | 145.3K | 33.27K |
| Change in Inventory | 0 | 0 | 0 | -27.25K | -7.61K | 21.46K |
| Change in Payables | 0 | 25 | 466.1K | -268.15K | 66.64K | -351.24K |
| Cash from Investing | 0 | 316.21K | 0 | -979.52K | -171.84K | -1.84M |
| Capital Expenditures | 0 | 0 | 0 | -979.52K | -171.84K | 0 |
| CapEx % of Revenue | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | -3.73M |
| Cash from Financing | 428.22K | 321.09K | 1.37M | 21.84M | 599.82K | 4.65M |
| Debt Issued (Net) | 0 | 0 | 183.3K | 0 | 10.2K | 0 |
| Equity Issued (Net) | 428.22K | 321.09K | 87.28K | 1000K | 595.92K | 2.59M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 1.1M | 2.74M | -6.3K | 0 |
| Net Change in Cash | 322▲ 0% | 1.19K▲ 268.0% | 48.88K▲ 4024.7% | 11.43M▲ 23292.3% | -7.32M▼ 164.1% | -1.16M▲ 0% |
| Free Cash Flow | -427.89K▲ 0% | -636.12K▼ 48.7% | -1.32M▼ 107.8% | -10.41M▼ 687.2% | -7.92M▲ 23.9% | -4.02M▲ 0% |
| FCF Margin % | - | - | - | - | - | -2121.8% |
| FCF Growth % | - | -48.66% | -107.85% | -687.23% | 23.86% | 55.77% |
| FCF per Share | -0.04 | -0.05 | -0.11 | -0.84 | -0.64 | -0.64 |
| FCF Conversion (FCF/Net Income) | 0.72x | 0.91x | 0.76x | 1.01x | 0.91x | 0.60x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
USGO Key Ratios
U.S. GoldMining Inc. (USGO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -171.22% | -101.9% | -174.09% |
| Return on Invested Capital (ROIC) | -134.81% | - | -5114.58% | -823.17% | -823.17% |
| Gross Margin | - | - | - | - | -77.56% |
| Net Margin | - | - | - | - | -3541.04% |
| Debt / Equity | - | - | 0.01x | 0.02x | 0.02x |
| FCF Conversion | 0.91x | 0.76x | 1.01x | 0.91x | 0.60x |
USGO SEC Filings & Documents
U.S. GoldMining Inc. (USGO) SEC filings — annual & quarterly reports (10-K, 10-Q)
USGO Frequently Asked Questions
U.S. GoldMining Inc. (USGO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
U.S. GoldMining Inc. (USGO) reported $0.2M in revenue for fiscal year 2024.
U.S. GoldMining Inc. (USGO) grew revenue by 0.0% over the past year. Growth has been modest.
U.S. GoldMining Inc. (USGO) reported a net loss of $6.7M for fiscal year 2024.
Dividend & Returns
U.S. GoldMining Inc. (USGO) has a return on equity (ROE) of -101.9%. Negative ROE indicates the company is unprofitable.
U.S. GoldMining Inc. (USGO) had negative free cash flow of $4.0M in fiscal year 2024, likely due to heavy capital investments.
Explore More USGO
U.S. GoldMining Inc. (USGO) 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