Foremost Lithium Resource & Technology Ltd. (FMSTW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Foremost Lithium Resource & Technology Ltd. (FMSTW) stock price & volume — 10-year historical chart
Foremost Lithium Resource & Technology Ltd. (FMSTW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Foremost Lithium Resource & Technology Ltd. (FMSTW) competitors in Nuclear materials and mineral development — business model, growth, and fundamentals comparison
Foremost Lithium Resource & Technology Ltd. (FMSTW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Foremost Lithium Resource & Technology Ltd. (FMSTW) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue Growth % | - | - | - | - | - | - | - | - | - | - |
Cost of Goods Sold | 0 | 0 | 0 | 3.77K | 0 | 0 | 0 | 0 | 0 | 0 |
COGS % of Revenue | - | - | - | - | - | - | - | - | - | - |
Gross Profit | 0▲ 0% | 0▲ 0% | 0▲ 0% | -3.77K▲ 0% | 0▲ 100.0% | 0▲ 0% | -4▲ 0% | 0▲ 100.0% | 0▲ 0% | 0▲ 0% |
Gross Margin % | - | - | - | - | - | - | - | - | - | - |
Gross Profit Growth % | - | - | - | - | 100% | - | - | 100% | - | - |
Operating Expenses | 1.23M | 10.64M | 2.65M | 1.37M | 2.42M | 3.93M | 3.54M | 4.35M | 5.82M | 8.39M |
OpEx % of Revenue | - | - | - | - | - | - | - | - | - | - |
Selling, General & Admin | 1.23M | 10.64M | 2.65M | 1.21M | 2.39M | 3.79M | 3.34M | 3.3M | 5.21M | 7.72M |
SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 17.87K | 4.29K | 5.92K | 983.46K | 0 | 607.85K | 668.61K |
Operating Income | -1.23M▲ 0% | -10.64M▼ 765.1% | -2.71M▲ 74.5% | -1.98M▲ 26.9% | -2.35M▼ 18.4% | -3.6M▼ 53.4% | -3.3M▲ 8.5% | -3.3M▼ 0.1% | -5.82M▼ 76.3% | -8.39M▲ 0% |
Operating Margin % | - | - | - | - | - | - | - | - | - | - |
Operating Income Growth % | -579.56% | -765.12% | 74.52% | 26.85% | -18.41% | -53.41% | 8.47% | -0.09% | -76.26% | - |
EBITDA | -102K | -10.56M | -2.63M | -1.98M | -1.48M | 0 | 0 | 0 | -3.32M | -3.43M |
EBITDA Margin % | - | - | - | - | - | - | - | - | - | - |
EBITDA Growth % | 43.02% | -10249.04% | 75.12% | 24.63% | 25.33% | 100% | - | - | - | -3.37% |
D&A (Non-Cash Add-back) | 1.13M | 84.97K | 84.97K | 3.77K | 870.05K | 3.6M | 3.3M | 3.3M | 0 | 0 |
EBIT | -1.26M | -10.66M | -2.72M | -2.27M | -2.61M | -4.15M | 1.06M | -4.35M | -3.32M | -3.43M |
Net Interest Income | 0 | 0 | 0 | -89.05K | -179K | -130K | -95.15K | -125K | -290.62K | -47.77K |
Interest Income | 0 | 0 | 0 | 23.31K | 22.73K | 16.29K | 8.88K | 1.31K | 0 | 0 |
Interest Expense | 0 | 0 | 75.92K | 112.36K | 202.18K | 146.16K | 104.03K | 126.61K | 290.62K | 47.77K |
Other Income/Expense | -32.7K | -32.53K | -10.96K | -920K | -264K | -93.47K | 4.25M | -1.17M | 2.2M | 4.91M |
Pretax Income | -1.26M▲ 0% | -10.66M▼ 743.7% | -2.72M▲ 74.5% | -2.27M▲ 16.6% | -2.61M▼ 15.1% | -4.15M▼ 58.9% | 956.58K▲ 123.0% | -4.47M▼ 567.5% | -3.62M▲ 19.2% | -3.48M▲ 0% |
Pretax Margin % | - | - | - | - | - | - | - | - | - | - |
Income Tax | 0 | 47.37K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | -0.44% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | -1.26M▲ 0% | -10.66M▼ 743.7% | -2.72M▲ 74.5% | -2.27M▲ 16.6% | -2.61M▼ 15.1% | -4.23M▼ 61.9% | 956.58K▲ 122.6% | -4.47M▼ 567.5% | -3.62M▲ 19.2% | -3.48M▲ 0% |
Net Margin % | - | - | - | - | - | - | - | - | - | - |
Net Income Growth % | -590.16% | -743.71% | 74.46% | 16.61% | -15.07% | -61.87% | 122.62% | -567.5% | 19.16% | 23.55% |
Net Income (Continuing) | -1.26M | -10.66M | -2.72M | -2.27M | -2.61M | -4.15M | 956.58K | -4.47M | -3.62M | -3.48M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -1.31▲ 0% | -6.17▼ 371.0% | -1.31▲ 78.8% | -1.00▲ 23.7% | -1.00▲ 0.0% | -1.27▼ 27.0% | 0.24▲ 118.9% | -0.99▼ 512.5% | -0.48▲ 51.5% | -0.28▲ 0% |
EPS Growth % | -211.9% | -370.99% | 78.77% | 23.66% | 0% | -27% | 118.9% | -512.5% | 51.52% | 64.92% |
EPS (Basic) | -1.31 | -6.17 | -1.31 | -0.98 | -1.00 | -1.27 | 0.25 | -0.99 | -0.48 | - |
Diluted Shares Outstanding | 964.43K | 1.73M | 2.08M | 2.45M | 2.8M | 3.28M | 3.93M | 4.52M | 7.51M | 12.45M |
Basic Shares Outstanding | 964.43K | 1.73M | 2.08M | 2.45M | 2.8M | 3.28M | 3.84M | 4.52M | 7.51M | 12.45M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Foremost Lithium Resource & Technology Ltd. (FMSTW) balance sheet — assets, liabilities & shareholders' equity
| Metric | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 387.97K | 3.52M | 259.3K | 105.21K | 516.56K | 434.12K | 795.35K | 1.49M | 5.36M | 7.18M |
Cash & Short-Term Investments | 312.37K | 3.21M | 137.95K | 46.17K | 441.63K | 292.28K | 606.12K | 998.26K | 5.01M | 6.56M |
Cash Only | 312.37K | 3.21M | 137.95K | 3.21K | 392.21K | 235.46K | 574.59K | 998.26K | 5.01M | 6.56M |
Short-Term Investments | 0 | 0 | 0 | 42.97K | 49.41K | 56.82K | 31.54K | 0 | 0 | 0 |
Accounts Receivable | 36.97K | 137.75K | 75.29K | 59.46K | 92.32K | 142.71K | 164.05K | 146.21K | 231.86K | 362.86K |
Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Non-Current Assets | 1.2M | 3.98M | 6.18M | 5.83M | 6.18M | 7.48M | 12.51M | 15.11M | 22.38M | 28.4M |
Property, Plant & Equipment | 1.19M | 3.96M | 6.12M | 5.63M | 6.03M | 7.19M | 12.48M | 15.09M | 21.32M | 25.51M |
Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | 0.00x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 10K | 26K | 11K | 148.77K | 96.36K | 39.54K | 2.9K | 0 | 383.73K | 2.81M |
Other Non-Current Assets | 0 | 0 | 48K | 48K | 48K | 253.3K | 24.4K | 19.23K | 671.98K | 471.68K |
Total Assets | 1.59M▲ 0% | 7.5M▲ 372.6% | 6.44M▼ 14.1% | 5.94M▼ 7.8% | 6.69M▲ 12.7% | 7.92M▲ 18.3% | 13.3M▲ 68.0% | 16.6M▲ 24.8% | 27.74M▲ 67.1% | 35.59M▲ 0% |
Asset Turnover | - | - | - | - | - | - | - | - | - | 0.00x |
Asset Growth % | 414.22% | 372.59% | -14.08% | -7.84% | 12.74% | 18.3% | 67.98% | 24.8% | 67.13% | 368.43% |
Total Current Liabilities | 394.09K | 930.05K | 696.25K | 732.07K | 807.17K | 1.1M | 2.91M | 2.73M | 3.1M | 2.69M |
Accounts Payable | 129.36K | 527.17K | 439.66K | 515.76K | 536.09K | 603K | 884.74K | 1.1M | 93.71K | 628.64K |
Days Payables Outstanding | - | - | - | 49.93K | - | - | - | - | - | - |
Short-Term Debt | 6.5K | 105.5K | 5.5K | 7.5K | 7.5K | 7.5K | 1.26M | 1.14M | 521.37K | 5K |
Deferred Revenue (Current) | 0 | 0 | 0 | 167.64K | 209.19K | 428.99K | 734.95K | 0 | 477K | 477K |
Other Current Liabilities | 0 | 0 | 0 | 0 | -231.56K | 0 | 0 | 11.67K | 1.79M | 1.77M |
Current Ratio | 0.98x | 3.78x | 0.37x | 0.14x | 0.64x | 0.39x | 0.27x | 0.54x | 1.73x | 2.67x |
Quick Ratio | 0.98x | 3.78x | 0.37x | 0.14x | 0.64x | 0.39x | 0.27x | 0.54x | 1.73x | 2.67x |
Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - |
Total Non-Current Liabilities | 0 | 0 | 0 | 135.25K | 136.34K | 74.39K | 0 | 656.95K | 152.76K | 0 |
Long-Term Debt | 0 | 0 | 0 | 0 | 40K | 40K | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 135.25K | 96.34K | 34.39K | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 656.95K | 152.76K | 0 |
Total Liabilities | 394.09K | 930.05K | 696.25K | 867.31K | 943.51K | 1.18M | 2.91M | 3.39M | 3.25M | 2.69M |
Total Debt | 6.5K | 105.5K | 5.5K | 183.7K | 197.72K | 143.84K | 1.29M | 1.14M | 521.37K | 5K |
Net Debt | -305.87K | -3.11M | -132.45K | 180.49K | -194.5K | -91.61K | 716.51K | 140.26K | -4.48M | -6.56M |
Debt / Equity | 0.01x | 0.02x | 0.00x | 0.04x | 0.03x | 0.02x | 0.12x | 0.09x | 0.02x | 0.00x |
Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.00x |
Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 1.91x |
Interest Coverage | - | - | -35.71x | -17.65x | -11.61x | -24.64x | -31.69x | -26.07x | -20.01x | -71.80x |
Total Equity | 1.19M▲ 0% | 6.57M▲ 450.8% | 5.75M▼ 12.5% | 5.07M▼ 11.8% | 5.75M▲ 13.4% | 6.74M▲ 17.3% | 10.39M▲ 54.1% | 13.21M▲ 27.2% | 24.49M▲ 85.4% | 32.9M▲ 0% |
Equity Growth % | 1854.22% | 450.79% | -12.51% | -11.77% | 13.42% | 17.26% | 54.08% | 27.17% | 85.41% | 469.52% |
Book Value per Share | 1.24 | 3.80 | 2.76 | 2.07 | 2.05 | 2.06 | 2.64 | 2.92 | 3.26 | 2.64 |
Total Shareholders' Equity | 1.19M | 6.57M | 5.75M | 5.07M | 5.75M | 6.74M | 10.39M | 13.21M | 24.49M | 32.9M |
Common Stock | 3.64M | 15.71M | 16.45M | 17.84M | 20.17M | 24.16M | 26.45M | 32.12M | 45.67M | 56.47M |
Retained Earnings | -3.05M | -13.59M | -11.82M | -14.1M | -15.6M | -19.72M | -17.87M | -21.48M | -24.46M | -26.18M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 600.34K | 4.43M | 1.12M | 1.13M | 1.14M | 2.29M | 1.81M | 2.57M | 3.28M | 2.6M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Foremost Lithium Resource & Technology Ltd. (FMSTW) cash flow — operating, investing & free cash flow history
| Metric | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -469.69K | -1.95M | -1.25M | -414.57K | -802.92K | -1.4M | -2.48M | -3.79M | -3.78M | -6.6M |
Operating CF Margin % | - | - | - | - | - | - | - | - | - | - |
Operating CF Growth % | -1295.89% | -315.92% | 36.09% | 66.8% | -93.68% | -74.67% | -76.55% | -53.26% | 0.38% | -6247.42% |
Net Income | -1.26M | -10.66M | -2.72M | -2.27M | -2.61M | -4.15M | 956.58K | -4.47M | -3.62M | -3.48M |
Depreciation & Amortization | 0 | 85 | 0 | 3.77K | 0 | 0 | 0 | 0 | 0 | 0 |
Stock-Based Compensation | 423.14K | 8.43M | 1.4M | 14.99K | 1.78M | 2.48M | 815.43K | 910.7K | 872.88K | 1.21M |
Deferred Taxes | 0 | 0 | 0 | 798.05K | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 281.2K | 217.08K | 34.99K | 121.61K | 13.78K | 95.12K | -4.61M | 89.26K | -2.44M | -4.93M |
Working Capital Changes | 89.1K | 51.88K | 40.75K | 916.99K | 12.76K | 128.18K | 363.73K | -322.55K | 1.4M | 594.96K |
Change in Receivables | -35.78K | -100.78K | 62.46K | 58.8K | -26.42K | -42.98K | -46.62K | 0 | -85.65K | -340.6K |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 0 | 278.33K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Investing | -574.32K | -974.85K | -2.08M | -340.84K | -313.96K | -891.41K | -797.82K | -2.34M | -2.67M | -5.63M |
Capital Expenditures | -579.32K | -1.09M | -185.43K | -125K | -162.85K | -220.03K | -294.96K | -2.58M | -249.96K | -315.37K |
CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 200K | 0 | 0 | -656.45K | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 5K | 113.59K | -1.89M | -215.84K | -151.11K | -871.38K | -4M | 232.85K | -1.77M | -5.32M |
Cash from Financing | 1.34M | 5.83M | 248.42K | 620.66K | 1.51M | 2.14M | 3.61M | 6.56M | 10.46M | 18.63M |
Debt Issued (Net) | 0 | 0 | 0 | 124.66K | 46.21K | 0 | 914.12K | -240.61K | -600K | -556.66K |
Equity Issued (Net) | 1000K | 0 | 0 | 300K | 467.71K | 1000K | 1000K | 1000K | 1000K | 2M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 190.44K | 5.83M | 248.42K | 196K | 991.97K | -71.63K | 1.04M | 0 | -789.48K | 3.72M |
Net Change in Cash | 297.94K▲ 0% | 2.9M▲ 873.7% | -3.08M▼ 206.0% | -134.75K▲ 95.6% | 389.01K▲ 388.7% | -156.76K▼ 140.3% | 339.13K▲ 316.3% | 423.67K▲ 24.9% | 4.01M▲ 845.8% | 6.39M▲ 0% |
Free Cash Flow | -1.05M▲ 0% | -3.04M▼ 190.0% | -1.43M▲ 52.9% | -539.57K▲ 62.4% | -965.77K▼ 79.0% | -1.62M▼ 68.0% | -2.77M▼ 70.8% | -3.99M▼ 44.1% | -4.03M▼ 0.9% | -6.92M▲ 0% |
FCF Margin % | - | - | - | - | - | - | - | - | - | - |
FCF Growth % | -1658.66% | -189.99% | 52.86% | 62.37% | -78.99% | -68% | -70.79% | -44.12% | -0.92% | -41.23% |
FCF per Share | -1.09 | -1.76 | -0.69 | -0.22 | -0.35 | -0.50 | -0.70 | -0.88 | -0.54 | -0.56 |
FCF Conversion (FCF/Net Income) | 0.37x | 0.18x | 0.46x | 0.18x | 0.31x | 0.33x | -2.59x | 0.85x | 1.05x | 1.99x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 113.92K | 84.74K |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Foremost Lithium Resource & Technology Ltd. (FMSTW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -224.66% | -274.66% | -44.22% | -41.98% | -48.29% | -67.7% | 11.17% | -37.9% | -19.18% | -10.57% |
Return on Invested Capital (ROIC) | -220.94% | -367.3% | -44.82% | -27.38% | -32.6% | -44.27% | -27.86% | -20.24% | -26.16% | -27.61% |
Debt / Equity | 0.01x | 0.02x | 0.00x | 0.04x | 0.03x | 0.02x | 0.12x | 0.09x | 0.02x | 0.00x |
Interest Coverage | - | - | -35.71x | -17.65x | -11.61x | -24.64x | -31.69x | -26.07x | -20.01x | -71.80x |
FCF Conversion | 0.37x | 0.18x | 0.46x | 0.18x | 0.31x | 0.33x | -2.59x | 0.85x | 1.05x | 1.99x |
Foremost Lithium Resource & Technology Ltd. (FMSTW) stock FAQ — growth, dividends, profitability & financials explained
Foremost Lithium Resource & Technology Ltd. (FMSTW) grew revenue by 0.0% over the past year. Growth has been modest.
Foremost Lithium Resource & Technology Ltd. (FMSTW) reported a net loss of $3.5M for fiscal year 2025.
Foremost Lithium Resource & Technology Ltd. (FMSTW) has a return on equity (ROE) of -19.2%. Negative ROE indicates the company is unprofitable.
Foremost Lithium Resource & Technology Ltd. (FMSTW) had negative free cash flow of $6.9M in fiscal year 2025, likely due to heavy capital investments.