Free cash flow remains consistently negative, with quarterly outflows reaching $1.5M in 2024Q3, underscoring a total reliance on external capital to fund exploration activities.
| Cash from Operations | -1.57M | -1.26M | -2.45M | -1.69M | -1.79M | -269.51K | -115.62K |
| Operating CF Margin % | - | - | - | - | - | - | - |
| Operating CF Growth % | 99.12% | 48.47% | -45.58% | 5.9% | -564.83% | -133.1% | - |
| Net Income | -1.68M | -1.61M | -3.08M | -4M | -1.07M | -394.33K | -1.62M |
| Depreciation & Amortization | 2.63K | 2.78K | 2.08K | 354 | 527 | 769 | 452 |
| Stock-Based Compensation | 72.48K | 0 | 911.26K | 481.39K | 162.63K | 0 | 1.42M |
| Deferred Taxes | 0 | 0 | 150 | 155 | 0 | 0 | 2 |
| Other Non-Cash Items | -15.74K | 286.62K | -339.35K | 1.77M | -686.79K | 102.76K | 66.47K |
| Working Capital Changes | 52.78K | 60.36K | 50.04K | 64.91K | -199.79K | 21.28K | 23.55K |
| Change in Receivables | 14.2K | 36.52K | 73.6K | 20.49K | -207.21K | -6.62K | -2.34K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 1.38M | 1.11M | 1.94M | 1.96M | -12.52M | -541.55K | -855.92K |
| Capital Expenditures | -1.04M | -1.18M | -3.03K | -1.56M | -1.07M | -579.53K | -463.81K |
| CapEx % of Revenue | - | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 143.1K | 0 | -1.71M | 524.44K | 49.16K | 1 | -750 |
| Cash from Financing | 335.08K | 339.25K | 0 | 0 | 13.85M | -23 | 2.87M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -4.45K | 339.25K | 0 | 0 | 15.02M | 0 | 2.87M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 339.53K | 0 | 0 | 0 | -1.17M | -23 | 0 |
| Net Change in Cash | 150.47K | 191.1K | -525.65K | 276.93K | -463.93K | -811.07K | 1.9M |
| Free Cash Flow | -2.18M | -1.26M | -4.56M | -3.25M | -2.86M | -849.05K | -579.44K |
| FCF Margin % | - | - | - | - | - | - | - |
| FCF Growth % | 45.45% | 72.27% | -40.39% | -13.69% | -236.64% | -46.53% | - |
| FCF per Share | -0.16 | -0.09 | -0.34 | -0.24 | -0.22 | -0.07 | -0.05 |
| FCF Conversion (FCF/Net Income) | 1.30x | 0.78x | 0.80x | 0.42x | 1.68x | 0.67x | 0.04x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and dilution
According to the provided financial data, Austin Gold's operating cash flow consistently tracks below net income, with OCF/NI ratios fluctuating wildly between 0.20 and 1.81, indicating that the company's cash position is primarily driven by non-operational financing needs rather than any underlying earnings quality or operational efficiency.
The lack of a stable relationship between net income and operating cash flow highlights the speculative nature of the firm's exploration-focused business model. Investors should note that the volatility in these metrics suggests that cash outflows are dictated by discretionary drilling schedules rather than predictable operational cycles.
As reported in historical cash flow statements, Austin Gold has maintained a consistently negative free cash flow trajectory, with quarterly outflows reaching as high as $1.5M, underscoring the firm's total reliance on external capital to fund its ongoing exploration activities in the Nevada region.
The persistent negative FCF confirms that the company is in a pure cash-consumption phase with no internal mechanism to generate self-sustaining liquidity. This trend warrants close monitoring, as the absence of any positive FCF margin suggests that the firm remains entirely dependent on equity markets for survival.
Based on the company's reported figures, capital expenditures are highly irregular, ranging from $11.0K to $767.3K per quarter, which reflects the discretionary nature of exploration drilling programs that are frequently adjusted based on the firm's immediate liquidity and available cash reserves.
These capital outlays are not maintenance-related but are instead speculative investments in geological data. The sharp fluctuations in spending suggest that management is forced to throttle exploration activity in response to the company's tightening cash position.
As indicated by recent financial filings, Austin Gold's working capital changes are erratic and often negative, with quarterly swings reaching $370.9K, which suggests that the company lacks the operational scale to manage payables or receivables in a way that would provide any meaningful cash flow support.
The inability to generate positive working capital adjustments implies that the firm's cash position is being eroded by administrative and operational overhead. This lack of efficiency in managing current assets and liabilities further exacerbates the liquidity risk inherent in the company's pre-revenue status.
Based on the provided cash flow statements, the company's reliance on stock-based compensation, which peaked at $399.8K in 2023Q4, obscures the true cash cost of operations and signals a potential for significant shareholder dilution as the firm attempts to preserve its limited cash reserves.
The use of equity-based incentives in lieu of cash suggests that management is attempting to conserve the $572,691 cash balance at the expense of existing equity holders. Investors should interpret this as a clear signal that the company's current cash position is insufficient to support its long-term exploration objectives.
Quick answers to the most common questions about buying AUST stock.
Austin Gold Corp. (AUST) generated $-1.3M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Austin Gold Corp. (AUST) reported negative free cash flow of $1.3M in 2025, indicating capital requirements exceeded cash from operations.
Austin Gold Corp. (AUST) spent $1.2M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.