The company lacks core revenue generation, reporting negative operating income every quarter with losses reaching $6.4 million in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 |
|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 198.79K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | -100% | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 54.14K | 0 | 307.84K | 370.46K | 320.9K | 347.86K | 224.49K | 292K | 138K | 292K | 224K | 295.04K | 0 | 768.55K | 151.96K | 0 | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | 112.68% | - | - | - | - | - | - | - | - | - |
| Gross Profit | -54.14K | 0 | -307.84K | -370.46K | -320.9K | -347.86K | -224.49K | -292K | -301K | -292K | -25.21K | -295K | 0 | -769K | -152K | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | -12.68% | - | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | 100% | 16.9% | -15.44% | 7.75% | -54.96% | 23.12% | 2.99% | -3.08% | -1058.41% | 91.46% | - | 100% | -405.92% | - | - | - | - | - | - |
| Operating Expenses | 21.35M | 18.4M | 7M | 10.94M | 11.09M | 18.47M | 8.67M | 10.22M | 19.88M | 6.34M | 6.61M | 3.25M | 2.25M | 1.31M | 202.33K | 194.7K | 146.57K | 75.11K | 73.92K | 25 |
| OpEx % of Revenue | - | - | - | - | - | - | - | - | - | - | 3324.56% | - | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 10.32M | 5.1M | 7M | 10.94M | 11.09M | 18.47M | 8.67M | 10.22M | 19.49M | 6.2M | 6.36M | 3.25M | 1.8M | 1.31M | 202.33K | 194.7K | 146.57K | 75.11K | 65.25K | 0 |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | 3199.31% | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 3M | 13.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.85K | 0 | 0 | 0 | 0 | 0 | 0 | 25 |
| Operating Income | -21.41M | -18.4M | -7.31M | -11.31M | -11.41M | -18.82M | -8.89M | -10.22M | -19.64M | -42.15M | -6.31M | -3.55M | -2.45M | -2.08M | -354K | 513.93K | -147K | -75.11K | -73.92K | 25 |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | -3173.65% | - | - | - | - | - | - | - | - | - |
| Operating Income Growth % | - | -151.67% | 35.36% | 0.85% | 39.38% | -111.67% | 12.96% | 47.98% | 53.41% | -568.11% | -77.72% | -44.72% | -18.16% | -486.44% | -168.88% | 449.61% | -95.71% | -1.61% | -295784% | - |
| EBITDA | -21.21M | -18.2M | -7M | -10.94M | -11.09M | -18.47M | -8.67M | -9.92M | -19.34M | -41.86M | -6.28M | -3.54M | -2M | 0 | 353.67K | -888K | -175K | -74.13K | -71.66K | 25 |
| EBITDA Margin % | - | - | - | - | - | - | - | - | - | - | -3160.97% | - | - | - | - | - | - | - | - | - |
| EBITDA Growth % | -94.28% | -159.82% | 35.99% | 1.32% | 39.98% | -113.14% | 12.66% | 48.68% | 53.81% | -566.14% | -77.63% | -76.79% | - | -100% | 139.83% | -407.43% | -136.07% | -3.45% | -286740% | - |
| D&A (Non-Cash Add-back) | 199.14K | 204K | 307.84K | 370.46K | 320.9K | 347.86K | 224.49K | 292K | 301K | 292K | 25.21K | 12.44K | 0 | 2.08M | 707.67K | 0 | 0 | 0 | 0 | 0 |
| EBIT | -10.05M | -6.62M | -72.58M | -8.49M | 22.66M | -16.23M | -8.24M | -9.45M | -17.67M | -36.5M | -4.25M | -3.55M | -2M | -2.08M | -420K | -888K | -175K | -74.13K | -71.66K | 25 |
| Net Interest Income | 338.32K | 255K | 267K | 529K | 113K | -62K | -131.87K | -107K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 338.32K | 257K | 300K | 590K | 228K | 36K | 71.43K | 43K | 110K | 247K | 66.76K | 65.09K | 27.37K | 21.28K | 17.11K | 14.91K | 49 | 982 | 2.26K | 0 |
| Interest Expense | 0 | 2K | 33K | 61K | 115K | 98K | 203.3K | 150K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 32.88M | 11.78M | -67.97M | -1.89M | 29.65M | 2.52M | 444.27K | 614K | 1.96M | 5.65M | 2.05M | 620.48K | 452.48K | -3.58K | -21.43K | -1.4M | -28.11K | 0 | 0 | 0 |
| Pretax Income | 11.47M | -6.62M | -75.28M | -13.21M | 18.24M | -16.31M | -8.45M | -9.6M | -17.67M | -36.5M | -4.25M | -2.93M | -2M | -2.08M | -376K | -888K | -175K | 0 | 0 | 0 |
| Pretax Margin % | - | - | - | - | - | - | - | - | - | - | -2140.42% | - | - | - | - | - | - | - | - | - |
| Income Tax | -164K | -164K | -134.12K | -218.05K | -137.95K | -3.03M | 0 | -54K | 0 | 0 | 0 | -65K | -78K | 0 | 44.02K | 0 | -49 | 74.13K | 71.66K | -25 |
| Effective Tax Rate % | -1.43% | 2.48% | 0.18% | 1.65% | -0.76% | 18.59% | 0% | 0.56% | 0% | 0% | 0% | 2.22% | 3.9% | 0% | -11.71% | 0% | 0.03% | - | - | - |
| Net Income | 11.63M | -6.46M | -75.15M | -12.99M | 18.37M | -13.27M | -11.19M | -13.93M | -17.67M | -36.5M | -4.25M | -2.86M | -1.92M | -2.08M | -420K | -888K | -175K | -74.13K | -71.66K | 25 |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | -2140.42% | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | 110.65% | 91.4% | -478.61% | -170.68% | 238.42% | -18.65% | 19.7% | 21.17% | 51.58% | -757.81% | -48.57% | -48.93% | 7.55% | -395.24% | 52.7% | -407.43% | -136.07% | -3.45% | -286740% | - |
| Net Income (Continuing) | 11.63M | -6.46M | -75.15M | -12.99M | 18.37M | -13.27M | -8.45M | -9.55M | -17.67M | -36.5M | -4.25M | -2.86M | -1.92M | -2.08M | -420K | -888K | -175K | -74.13K | -71.66K | 25 |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | -2.74M | -4.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.06 | -0.04 | -0.73 | -0.12 | 0.18 | -0.14 | -0.13 | -0.22 | -0.30 | -0.01 | -0.11 | -0.12 | -0.11 | -0.19 | -0.05 | -0.10 | -0.02 | -0.03 | -0.03 | 0.00 |
| EPS Growth % | 107.75% | 94.68% | -508.33% | -166.67% | 228.57% | -7.69% | 40.91% | 26.67% | - | 94.18% | 8.33% | -9.09% | 42.11% | -307.73% | 52.74% | -316.03% | 10.57% | 13.68% | - | - |
| EPS (Basic) | - | -0.04 | -0.73 | -0.12 | 0.18 | -0.14 | -0.12 | -0.22 | -0.30 | -0.01 | -0.11 | -0.12 | -0.11 | -0.19 | -0.05 | -0.10 | -0.02 | -0.03 | -0.03 | 0.00 |
| Diluted Shares Outstanding | 193.8M | 166.34M | 149.02M | 144.18M | 139.48M | 119.7M | 80.4M | 63.49M | 58.11M | 51.8M | 39.23M | 23.8M | 16.96M | 11.2M | 9.01M | 9.01M | 7.38M | 2.8M | 2.33M | 1.35M |
| Basic Shares Outstanding | 190.03M | 166.34M | 148.13M | 143.44M | 139.47M | 119.7M | 114.12M | 63.49M | 58.11M | 51.8M | 39.23M | 23.8M | 16.96M | 11.2M | 9.01M | 9.01M | 7.38M | 2.8M | 2.33M | 1.35M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Exploration Capital Dilution Risk
As reported in recent financial statements, Fury's SG&A expenses reached a peak of $6.4 million in 2026Q1, reflecting a significant departure from the historical quarterly average of approximately $1.5 million, which suggests an intensifying pressure on the company's limited liquidity to sustain ongoing exploration and corporate activities.
The sharp spike in SG&A during the most recent quarter warrants close scrutiny, as it deviates substantially from the previous two years of operational spending. This trend may indicate rising costs associated with project management or corporate overhead that could accelerate the depletion of the company's $21.2 million cash position.
Based on the provided income statement data, Fury's net income volatility, highlighted by a $15.1 million gain in 2026Q1 versus a $99.3 million loss in 2024Q4, appears driven by non-operating fluctuations rather than core exploration success, complicating the assessment of true underlying financial performance.
Investors should be cautious when interpreting these bottom-line swings, as they likely reflect mark-to-market adjustments on strategic equity holdings like Dolly Varden Silver. These paper gains or losses mask the actual cash burn associated with the company's primary mission of advancing its gold projects in Quebec and Nunavut.
According to the historical income statement data, Fury continues to report negative operating income every quarter, with losses ranging from $1.4 million to $6.4 million, confirming that the company lacks the revenue-generating operations necessary to achieve any form of operating leverage at this stage of development.
The absence of revenue means that every dollar spent on exploration and administration flows directly to the bottom line as a loss. Without a transition to production or a strategic asset sale, the company remains entirely dependent on external capital markets to fund its ongoing operational requirements.
Analysis of the income statement suggests that the recent surge in quarterly operating losses to $6.4 million may indicate an unsustainable burn rate, potentially forcing management to seek dilutive equity financing sooner than the market currently anticipates if exploration inflation continues to impact project costs.
Short-sellers would likely focus on the widening gap between administrative spending and the lack of tangible revenue, arguing that the current cash buffer is insufficient for long-term project development. The reliance on non-core asset sales to bolster the balance sheet introduces additional volatility that could undermine shareholder value.
Quick answers to the most common questions about buying FURY stock.
For fiscal year 2025, Fury Gold Mines Limited (FURY) reported total revenue of $0.0M.
Fury Gold Mines Limited (FURY) reported a net loss of $6.5M for the fiscal year ending 2025.