The company remains in a pre-revenue phase, reporting persistent quarterly net losses that reached $563.7K in 2026Q1 while maintaining administrative overheads as high as $1.0M in previous periods.
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | - |
| Cost of Goods Sold | 2.85K | 2.78K | 2.08K | 354 | 527 | 780 | 0 |
| COGS % of Revenue | - | - | - | - | - | - | - |
| Gross Profit | -2.85K | -2.78K | -2.08K | -354 | -527 | -780 | 0 |
| Gross Margin % | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | -33.48% | -488.14% | 32.83% | 32.44% | - | - |
| Operating Expenses | 2.03M | 1.77M | 3.41M | 2.24M | 1.72M | 288.49K | 2.89M |
| OpEx % of Revenue | - | - | - | - | - | - | - |
| Selling, General & Admin | 1.81M | 1.77M | 3.41M | 2.24M | 1.72M | 288.49K | 178.42K |
| SG&A % of Revenue | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 227.89K | 0 | 0 | 0 | 0 | 0 | 2.71M |
| Operating Income | -1.81M | -1.78M | -3.41M | -2.24M | -1.72M | -289.27K | -2.89M |
| Operating Margin % | - | - | - | - | - | - | - |
| Operating Income Growth % | - | 47.97% | -52.54% | -30.27% | -493.67% | 89.99% | - |
| EBITDA | -1.81M | -1.77M | -3.41M | -2.24M | -1.72M | -288.49K | -2.89M |
| EBITDA Margin % | - | - | - | - | - | - | - |
| EBITDA Growth % | 41.24% | 48.02% | -52.47% | -30.29% | -495.09% | 90.01% | - |
| D&A (Non-Cash Add-back) | 2.85K | 2.78K | 2.08K | 354 | 527 | 780 | 864 |
| EBIT | -2.04M | -1.78M | -3.41M | -2.24M | -1.72M | -289.27K | -2.89M |
| Net Interest Income | 138.88K | 166.4K | 338.91K | 493.74K | 0 | 0 | 0 |
| Interest Income | 138.88K | 166.4K | 338.91K | 493.74K | 246.17K | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 246.17K | 0 | 0 |
| Other Income/Expense | 128.69K | 159.62K | 333.86K | -1.76M | 648.9K | -111.84K | -215.78K |
| Pretax Income | -1.68M | -1.62M | -3.08M | -4M | -1.07M | -401.11K | -3.11M |
| Pretax Margin % | - | - | - | - | - | - | - |
| Income Tax | 150 | 150 | 150 | 155 | 0 | 0 | 0 |
| Effective Tax Rate % | -0.01% | -0.01% | -0% | -0% | 0% | 0% | 0% |
| Net Income | -1.68M | -1.62M | -3.08M | -4M | -1.07M | -401.11K | -3.11M |
| Net Margin % | - | - | - | - | - | - | - |
| Net Income Growth % | 40.05% | 47.52% | 23.04% | -274.46% | -166.36% | 87.08% | - |
| Net Income (Continuing) | -1.68M | -1.62M | -3.08M | -4M | -1.07M | -401.11K | -3.11M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.12 | -0.12 | -0.23 | -0.40 | -0.09 | -0.04 | -0.14 |
| EPS Growth % | 45.43% | 47.83% | 42.5% | -344.44% | -123.33% | 71.21% | - |
| EPS (Basic) | - | -0.12 | -0.23 | -0.40 | -0.09 | -0.04 | -0.14 |
| Diluted Shares Outstanding | 13.69M | 13.43M | 13.27M | 13.27M | 12.78M | 12.52M | 12.78M |
| Basic Shares Outstanding | 13.69M | 13.43M | 13.27M | 13.27M | 12.78M | 12.52M | 12.78M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Imminent liquidity and dilution
As reported in recent financial statements, Austin Gold maintains a consistent quarterly operating loss, with SG&A expenses fluctuating between $312.8K and $1.0M, reflecting the discretionary nature of exploration-related administrative overhead in the absence of any revenue-generating activities or commercial production to offset these ongoing costs.
The company's cost structure is entirely comprised of non-productive overhead and exploration-related expenditures, which are inherently volatile. Investors should monitor the efficiency of these outlays, as the lack of revenue means every dollar spent directly erodes the company's limited cash reserves.
Based on the provided income statement data, Austin Gold's net losses have remained persistent, with quarterly deficits ranging from $270.8K to $1.7M, suggesting that the company's primary financial output is the consumption of capital rather than the generation of shareholder value through operational earnings.
The historical trend of negative EPS, reaching as low as -$0.17 in 2023Q4, underscores the speculative nature of the firm. The reduction in stock-based compensation over recent quarters may indicate a management attempt to preserve cash, though this does little to mitigate the fundamental lack of profitability.
According to the company's historical income statements, Austin Gold exhibits no operating leverage, as the firm remains in a pre-revenue phase where operating losses are directly tied to administrative and exploration spending rather than any scalable commercial activity or production-related cost efficiencies within the business model.
Because the company lacks a revenue base, traditional operating leverage metrics are inapplicable. The firm's financial trajectory is entirely dependent on external capital injections, making the current operating loss profile a direct indicator of the company's runway rather than its operational efficiency.
As indicated by the most recent financial disclosures, the company's cash position of $572,691 appears insufficient to sustain long-term exploration programs, suggesting that the firm faces a high probability of dilutive equity financing or project-level farm-outs to maintain its current operational status in the Nevada region.
Short-term observers may focus on the company's inability to generate positive cash flow, which creates a structural dependency on capital markets. Without a significant discovery to catalyze a valuation re-rating, the current burn rate suggests that the company's financial flexibility will continue to tighten significantly.
Quick answers to the most common questions about buying AUST stock.
For fiscal year 2025, Austin Gold Corp. (AUST) reported total revenue of $0.0M.
Austin Gold Corp. (AUST) reported a net loss of $1.6M for the fiscal year ending 2025.