NexMetals Mining Corp.(NEXM)Earnings, Financials & Key Ratios
NEXM•NASDAQ
$2.88
$24M mkt cap·Price updated May 7, 2026
AboutA mineral exploration and development company focused on redeveloping copper–nickel–cobalt sulphide assets in Botswana. Its flagship projects include the Selebi and Selkirk mines.Show more
- Revenue$0
- EBITDA-$39M-31.9%
- Net Income-$42M-31.0%
- EPS (Diluted)-5.00
- ROE-2172.02%-1058.6%
- ROIC-345.83%-205.1%
- Interest Coverage-12.94-11.1%
NEXM Key Insights
NexMetals Mining Corp. (NEXM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Weak Piotroski F-Score: 1/9
- ✗Weak momentum: RS Rating 7 (bottom 7%)
- ✗Shares diluted 31.5% in last year
- ✗Trading more than 30% below 52-week high
- ✗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.
NEXM Price & Volume
NexMetals Mining Corp. (NEXM) stock price & volume — 10-year historical chart
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NEXM Growth Metrics
NexMetals Mining Corp. (NEXM) 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-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-109.47%
5 Years-109.47%
3 Years-128.99%
Last Year-180.8%
NEXM Recent Earnings
NexMetals Mining Corp. (NEXM) EPS & revenue vs analyst estimates — last 2 quarters
●Beat EPS 0/2 qtrs (0%)
Q4 2025Latest
Nov 13, 2025EPS
$0.54
Est $0.26
-104.6%
Revenue
—
Q3 2025
Aug 13, 2025EPS
$0.51
Est $0.27
-88.9%
Revenue
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Nov 13, 2025 | $0.54vs $0.26-104.6% | — |
| Q3 2025 | Aug 13, 2025 | $0.51vs $0.27-88.9% | — |
Based on last 2 quarters of dataView full earnings history →
NEXM Peer Comparison
NexMetals Mining Corp. (NEXM) competitors in Base Metals Developers — 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 |
|---|---|---|---|---|---|---|---|---|
 EXK | 2.99B | 10.15 | -78.08 | 5.93% | -28.43% | -18.44% | 0.25 | |
 HL | 12.13B | 18.09 | 36.92 | 53.03% | 35.55% | 22.55% | 0.12 | |
 CDE | 11.63B | 18.12 | 20.13 | 96.41% | 31.15% | 15.17% | 0.11 | |
 PAAS | 24.36B | 57.81 | 22.15 | 30.63% | 31.69% | 19.63% | 0.13 | |
 AG | 10.55B | 21.37 | 61.06 | 128.18% | 13.73% | 5.85% | 0.10 | |
 AEM | 94.03B | 187.70 | 21.18 | 43.71% | 37.48% | 19.25% | 0.01 | |
 KGC | 36.43B | 30.42 | 15.29 | 39.34% | 36.04% | 33.95% | 0.09 | |
 NGD | 7.19B | 9.08 | 64.86 | 59.66% | 58.55% | 64.78% | 0.21 |
Compare NEXM vs Peers
NexMetals Mining Corp. (NEXM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NEXM Income Statement
NexMetals Mining Corp. (NEXM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - |
| Cost of Goods Sold | 0 | 96.54K | 744.78K | 1.58M | 2.05M |
| COGS % of Revenue | - | - | - | - | - |
| Gross Profit | 0▲ 0% | -96.54K▲ 0% | -744.78K▼ 671.5% | -1.58M▼ 112.3% | -2.05M▲ 0% |
| Gross Margin % | - | - | - | - | - |
| Gross Profit Growth % | - | - | -671.45% | -112.31% | - |
| Operating Expenses | 2.37M | 15.75M | 29.31M | 38.65M | 47.75M |
| OpEx % of Revenue | - | - | - | - | - |
| Selling, General & Admin | 2.37M | 15.66M | 6.45M | 9M | 9.57M |
| SG&A % of Revenue | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 87.41K | 22.86M | 29.65M | 4M |
| Operating Income | -2.37M▲ 0% | -15.84M▼ 568.4% | -30.05M▼ 89.7% | -40.23M▼ 33.9% | -49.81M▲ 0% |
| Operating Margin % | - | - | - | - | - |
| Operating Income Growth % | - | -568.36% | -89.68% | -33.87% | - |
| EBITDA | -7.4M | -15.75M | -29.31M | -38.65M | -47.75M |
| EBITDA Margin % | - | - | - | - | - |
| EBITDA Growth % | - | -112.87% | -86.12% | -31.88% | - |
| D&A (Non-Cash Add-back) | 0 | 96.54K | 744.78K | 1.58M | 2.05M |
| EBIT | -7.4M | -35.9M | -30.32M | -39.31M | -56.4M |
| Net Interest Income | -2.51K | -510.64K | -2.58M | -3M | -780.69K |
| Interest Income | 0 | 0 | 0 | 114.11K | 412.99K |
| Interest Expense | 2.51K | 510.64K | 2.58M | 3.11M | 1.19M |
| Other Income/Expense | -5.03M | -20.57M | -2.85M | -2.19M | -7.79M |
| Pretax Income | -7.4M▲ 0% | -36.41M▼ 392.1% | -32.9M▲ 9.6% | -42.42M▼ 28.9% | -57.6M▲ 0% |
| Pretax Margin % | - | - | - | - | - |
| Income Tax | 0 | 0 | -524.53K | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 1.59% | 0% | 0% |
| Net Income | -7.4M▲ 0% | -36.41M▼ 392.1% | -32.38M▲ 11.1% | -42.42M▼ 31.0% | -57.6M▲ 0% |
| Net Margin % | - | - | - | - | - |
| Net Income Growth % | - | -392.05% | 11.08% | -31.02% | - |
| Net Income (Continuing) | -7.4M | -36.41M | -32.38M | -42.42M | -57.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.65▲ 0% | -6.80▼ 312.1% | -5.00▲ 26.5% | -5.00▲ 0.0% | -2.68▲ 0% |
| EPS Growth % | - | -312.12% | 26.47% | 0% | - |
| EPS (Basic) | -1.65 | -6.80 | -5.00 | -5.00 | - |
| Diluted Shares Outstanding | 5.66M | 5.48M | 6.43M | 8.45M | 21.45M |
| Basic Shares Outstanding | 5.66M | 5.48M | 6.43M | 8.45M | 21.45M |
| Dividend Payout Ratio | - | - | - | - | - |
NEXM Balance Sheet
NexMetals Mining Corp. (NEXM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 2.14M | 6.44M | 15.76M | 7.62M | 11.85M |
| Cash & Short-Term Investments | 1.99M | 5.16M | 14.52M | 6.11M | 10.14M |
| Cash Only | 1.99M | 5.16M | 14.52M | 6.11M | 10.14M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 139.63K | 804.63K | 402.02K | 972.02K | 966.88K |
| Days Sales Outstanding | - | - | - | - | - |
| Inventory | 0 | 0 | 160.06K | 0 | 0 |
| Days Inventory Outstanding | - | - | 78.44 | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 3.1M | 35.22M | 12.89M | 17.34M | 12.59M |
| Property, Plant & Equipment | 3.1M | 35.22M | 6.4M | 17.34M | 6.51M |
| Fixed Asset Turnover | - | - | - | - | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 321K | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | -321K | 0 | 6.48M | 0 | 12.54M |
| Total Assets | 5.24M▲ 0% | 41.66M▲ 695.2% | 28.65M▼ 31.2% | 24.95M▼ 12.9% | 24.44M▲ 0% |
| Asset Turnover | - | - | - | - | 0.00x |
| Asset Growth % | - | 695.22% | -31.22% | -12.91% | -34.96% |
| Total Current Liabilities | 580.49K | 12.46M | 4.44M | 4.66M | 4.69M |
| Accounts Payable | 218.46K | 3.66M | 0 | 2.49M | 0 |
| Days Payables Outstanding | - | 13.84K | - | 575.52 | 411.99 |
| Short-Term Debt | 0 | 7.07M | 1.22M | 0 | 525.18K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 3.23M | 177.6K | 4.16M |
| Current Ratio | 3.68x | 0.52x | 3.55x | 1.64x | 1.64x |
| Quick Ratio | 3.68x | 0.52x | 3.51x | 1.64x | 1.64x |
| Cash Conversion Cycle | - | - | - | - | - |
| Total Non-Current Liabilities | 8.97M | 2.01M | 16.85M | 23.75M | 4.22M |
| Long-Term Debt | 0 | 164.64K | 13.55M | 19.23M | 1.09M |
| Capital Lease Obligations | 0 | 1.37M | 178.16K | 0 | 212.25K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 8.97M | 475.94K | 2.46M | 4.52M | 15.19M |
| Total Liabilities | 9.56M | 14.47M | 21.3M | 28.4M | 8.91M |
| Total Debt | 0 | 9.97M | 14.94M | 19.23M | 1.7M |
| Net Debt | -1.99M | 4.8M | 421.06K | 13.12M | -8.43M |
| Debt / Equity | - | 0.37x | 2.03x | - | 0.11x |
| Debt / EBITDA | - | - | - | - | -0.04x |
| Net Debt / EBITDA | - | - | - | - | 0.18x |
| Interest Coverage | -944.08x | -31.03x | -11.65x | -12.94x | -47.25x |
| Total Equity | -4.32M▲ 0% | 27.19M▲ 729.8% | 7.35M▼ 73.0% | -3.45M▼ 146.9% | 15.53M▲ 0% |
| Equity Growth % | - | 729.8% | -72.95% | -146.88% | 198.11% |
| Book Value per Share | -0.76 | 4.96 | 1.14 | -0.41 | 0.72 |
| Total Shareholders' Equity | -4.32M | 27.19M | 7.35M | -3.45M | 15.53M |
| Common Stock | 7.95M | 91.14M | 0 | 0 | 0 |
| Retained Earnings | -13.48M | -78.09M | -78.9M | -146.99M | -138.8M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.21M | 14.11M | -1.35M | -1.52M | -1.09M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
NEXM Cash Flow Statement
NexMetals Mining Corp. (NEXM) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -1.45M | -5.52M | -29.46M | -37.6M | -37.6M |
| Operating CF Margin % | - | - | - | - | - |
| Operating CF Growth % | - | -279.44% | -433.92% | -27.62% | -59.21% |
| Net Income | -9.36M | -36.41M | -32.38M | -42.42M | -57.6M |
| Depreciation & Amortization | 0 | 96.54K | 744.78K | 1.58M | 1.94M |
| Stock-Based Compensation | 1.26M | 8.03M | 1.46M | 2.98M | 2.1M |
| Deferred Taxes | 0 | 0 | -524.53K | 0 | 0 |
| Other Non-Cash Items | 6.35M | 20.45M | 1.22M | 415.13K | 7.23M |
| Working Capital Changes | 298.08K | 2.32M | 13.11K | -151.22K | 1.45M |
| Change in Receivables | -143K | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -3.1M | -18.61M | -5.25M | -1.02M | -2.38M |
| Capital Expenditures | -3.1M | -29.66M | -4.77M | -1.02M | -2.29M |
| CapEx % of Revenue | - | - | - | - | - |
| Acquisitions | 0 | 11.05M | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 392K | 0 | -483.88K | 0 | -91.7K |
| Cash from Financing | 6.48M | 28.77M | 50.14M | 25.35M | 44.81M |
| Debt Issued (Net) | 0 | 6.9M | 10.25M | -1.79M | 722.21K |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -287.23K | -1.54M | 116.77K | -358.75K | -460.42K |
| Net Change in Cash | 1.88M▲ 0% | 3.17M▲ 68.6% | 14.08M▲ 343.9% | -13.14M▼ 193.3% | 3.61M▲ 0% |
| Free Cash Flow | -4.55M▲ 0% | -35.18M▼ 672.5% | -34.23M▲ 2.7% | -38.62M▼ 12.8% | -43.16M▲ 0% |
| FCF Margin % | - | - | - | - | - |
| FCF Growth % | - | -672.46% | 2.69% | -12.82% | - |
| FCF per Share | -0.81 | -6.42 | -5.33 | -4.57 | -4.57 |
| FCF Conversion (FCF/Net Income) | 0.20x | 0.15x | 0.91x | 0.89x | 0.75x |
| Interest Paid | 0 | 0 | 0 | 0 | 283.01K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
NEXM Key Ratios
NexMetals Mining Corp. (NEXM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | -318.39% | -187.46% | -2172.02% | -254.51% |
| Return on Invested Capital (ROIC) | -92.53% | -113.36% | -345.83% | -345.83% |
| Debt / Equity | 0.37x | 2.03x | - | 0.11x |
| Interest Coverage | -31.03x | -11.65x | -12.94x | -47.25x |
| FCF Conversion | 0.15x | 0.91x | 0.89x | 0.75x |
NEXM Frequently Asked Questions
NexMetals Mining Corp. (NEXM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
NexMetals Mining Corp. (NEXM) grew revenue by 0.0% over the past year. Growth has been modest.
NexMetals Mining Corp. (NEXM) reported a net loss of $57.6M for fiscal year 2024.
Dividend & Returns
NexMetals Mining Corp. (NEXM) has a return on equity (ROE) of -2172.0%. Negative ROE indicates the company is unprofitable.
NexMetals Mining Corp. (NEXM) had negative free cash flow of $43.2M in fiscal year 2024, likely due to heavy capital investments.
Explore More NEXM
NexMetals Mining Corp. (NEXM) 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