New Found Gold Corp.(NFGC)Earnings, Financials & Key Ratios
NFGC•AMEX
$2.13
$733M mkt cap·Price updated May 6, 2026
AboutNew Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 86 mineral licenses and 6,041 claims covering an area of 151,030 hectares of land located near Gander, Newfoundland; and the Lucky Strike project comprising 11,684 hectares located in Kirkland Lake, Ontario. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.Show more
- Revenue$0
- EBITDA-$60M+41.8%
- Net Income-$50M+37.1%
- EPS (Diluted)-0.26+42.2%
- ROE-76.12%+29.0%
- ROIC-161.13%+86.3%
- Debt/Equity0.00-23.2%
NFGC Key Insights
New Found Gold Corp. (NFGC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗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.
NFGC Price & Volume
New Found Gold Corp. (NFGC) stock price & volume — 10-year historical chart
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NFGC Growth Metrics
New Found Gold Corp. (NFGC) 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-
TTM20.12%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM27.75%
Return on Capital
10 Years-116.69%
5 Years-91.84%
3 Years-103.7%
Last Year-91.24%
NFGC Recent Earnings
New Found Gold Corp. (NFGC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 2/12 qtrs (50%)
Q2 2026Latest
Mar 25, 2026EPS
$0.04
Est $0.02
-100.0%
Revenue
$5M
Est $3M
+80.2%
Q4 2025
Nov 7, 2025EPS
$0.08
Est $0.03
-166.7%
Revenue
$183,736
Est $16M
-98.9%
Q3 2025
Aug 8, 2025EPS
$0.04
Est $0.03
-33.3%
Revenue
—
Est $48,844
Q2 2025
May 12, 2025EPS
$0.06
Est $0.06
+0.0%
Revenue
—
Est $87,271
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 25, 2026 | $0.04vs $0.02-100.0% | $5Mvs $3M+80.2% |
| Q4 2025 | Nov 7, 2025 | $0.08vs $0.03-166.7% | $183,736vs $16M-98.9% |
| Q3 2025 | Aug 8, 2025 | $0.04vs $0.03-33.3% | —vs $48,844 |
| Q2 2025 | May 12, 2025 | $0.06vs $0.06+0.0% | —vs $87,271 |
Based on last 12 quarters of dataView full earnings history →
NFGC Peer Comparison
New Found Gold Corp. (NFGC) competitors in Early-stage gold explorers — 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 |
|---|---|---|---|---|---|---|---|---|
 VZLA | 1.19B | 3.46 | -159.90 | -3.14% | ||||
 GROY | 617.38M | 3.52 | -149.15 | 54.51% | -26.46% | -0.7% | 0.00 | |
 AEM | 95.09B | 189.81 | 21.42 | 43.71% | 37.48% | 19.25% | 0.01 | |
 KGC | 36.86B | 30.78 | 15.47 | 39.34% | 36.04% | 33.95% | 0.09 | |
 EGO | 6.26B | 31.66 | 12.61 | 39.93% | 28% | 12.42% | 0.30 | |
 CDE | 12.04B | 18.74 | 20.82 | 96.41% | 31.15% | 15.17% | 0.11 | |
 HL | 12.17B | 18.15 | 37.04 | 53.03% | 35.55% | 22.55% | 0.12 | |
 PAAS | 23.85B | 56.59 | 21.68 | 30.63% | 27.08% | 16.83% | 0.13 |
Compare NFGC vs Peers
New Found Gold Corp. (NFGC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NFGC Income Statement
New Found Gold Corp. (NFGC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 4.31K | 0 | 0 | 582.93K | 880.4K | 940.21K | 0 | 780.78K |
| COGS % of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | -4.31K▲ 0% | 0▲ 100.0% | 0▲ 0% | -582.93K▲ 0% | -880.4K▼ 51.0% | -940.21K▼ 6.8% | 0▲ 100.0% | -780.78K▲ 0% |
| Gross Margin % | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | 100% | - | - | -51.03% | -6.79% | 100% | - |
| Operating Expenses | 2.66M | 3.93M | 38.35M | 56.08M | 87.84M | 102.53M | 60.32M | 54.6M |
| OpEx % of Revenue | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 2.66M | 3.91M | 38.13M | 12.5M | 13.01M | 5.56M | 59.06M | 8.16M |
| SG&A % of Revenue | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 1.15M | 1.27M | 0 | 129.53K |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 12.88K | 221.44K | 43.58M | 73.67M | 95.69M | 1.26M | 4M |
| Operating Income | -2.66M▲ 0% | -3.93M▼ 47.6% | -38.35M▼ 876.9% | -56.66M▼ 47.8% | -88.72M▼ 56.6% | -103.47M▼ 16.6% | -60.32M▲ 41.7% | -55.38M▲ 0% |
| Operating Margin % | - | - | - | - | - | - | - | - |
| Operating Income Growth % | - | -47.57% | -876.9% | -47.76% | -56.57% | -16.63% | 41.7% | - |
| EBITDA | -2.66M | -3.82M | -38.08M | -56.08M | -87.84M | -102.53M | -59.64M | -54.6M |
| EBITDA Margin % | - | - | - | - | - | - | - | - |
| EBITDA Growth % | - | -43.9% | -896.5% | -47.26% | -56.63% | -16.73% | 41.83% | 16.05% |
| D&A (Non-Cash Add-back) | 4.31K | 103.83K | 265.12K | 582.93K | 880.4K | 940.21K | 676.23K | 780.78K |
| EBIT | -2.73M | -4.02M | -38.42M | -50.63M | -89.97M | -79.86M | -59.87M | -45.83M |
| Net Interest Income | 0 | 0 | 58.34K | 115.22K | 1.2M | 2.76M | 2.84M | 1.37M |
| Interest Income | 16.45K | 0 | 61.88K | 122.71K | 1.22M | 2.79M | 2.84M | 1.39M |
| Interest Expense | 0 | 0 | 3.54K | 7.49K | 15.99K | 27.12K | 0 | 19.26K |
| Other Income/Expense | 1.32M | -94.62K | 5.81M | 6.02M | -1.27M | 23.58M | 10.98M | 9.7M |
| Pretax Income | -1.34M▲ 0% | -4.02M▼ 199.7% | -32.53M▼ 709.3% | -50.64M▼ 55.7% | -89.99M▼ 77.7% | -79.89M▲ 11.2% | -49.34M▲ 38.2% | -45.74M▲ 0% |
| Pretax Margin % | - | - | - | - | - | - | - | - |
| Income Tax | 2 | 0 | 0 | 0 | 0 | 0 | 928.77K | 176.73K |
| Effective Tax Rate % | -0% | 0% | 0% | 0% | 0% | 0% | -1.88% | -0.39% |
| Net Income | -1.34M▲ 0% | -4.02M▼ 199.7% | -32.53M▼ 709.3% | -50.64M▼ 55.7% | -89.99M▼ 77.7% | -79.89M▲ 11.2% | -50.27M▲ 37.1% | -45.85M▲ 0% |
| Net Margin % | - | - | - | - | - | - | - | - |
| Net Income Growth % | - | -199.75% | -709.31% | -55.65% | -77.7% | 11.22% | 37.08% | 20.12% |
| Net Income (Continuing) | -1.34M | -4.02M | -32.53M | -50.64M | -89.99M | -79.89M | -50.27M | -45.85M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.03▲ 0% | -0.09▼ 199.3% | -0.30▼ 233.0% | -0.37▼ 23.3% | -0.66▼ 78.4% | -0.45▲ 31.8% | -0.26▲ 42.2% | -0.20▲ 0% |
| EPS Growth % | - | -199.34% | -232.96% | -23.33% | -78.38% | 31.82% | 42.22% | 27.75% |
| EPS (Basic) | -0.03 | -0.09 | -0.30 | -0.37 | -0.66 | -0.45 | -0.26 | - |
| Diluted Shares Outstanding | 44.6M | 44.6M | 112.66M | 154.95M | 166.86M | 178.36M | 194.03M | 235.02M |
| Basic Shares Outstanding | 44.6M | 44.6M | 112.66M | 154.95M | 166.86M | 178.36M | 193.34M | 215.75M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
NFGC Balance Sheet
New Found Gold Corp. (NFGC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.06M | 8.23M | 71.16M | 136.52M | 94.33M | 62.38M | 29.75M | 74.88M |
| Cash & Short-Term Investments | 721.28K | 7.45M | 68.82M | 129.06M | 89.64M | 57.48M | 23.1M | 71.68M |
| Cash Only | 323.18K | 7.34M | 47.73M | 100.48M | 82.17M | 53.88M | 22.32M | 71.14M |
| Short-Term Investments | 398.1K | 114.94K | 21.09M | 28.58M | 7.47M | 3.6M | 779.02K | 540.1K |
| Accounts Receivable | 274.26K | 337.16K | 1.03M | 1.81M | 3.14M | 3.37M | 5.03M | 1.75M |
| Days Sales Outstanding | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 1.26M | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 274.26K | 0 | 54.03K | 3.47M | 103.17K | 222.94K | 147K | 0 |
| Total Non-Current Assets | 719.32K | 1.13M | 2.38M | 11.54M | 16.35M | 22.2M | 44.27M | 45.06M |
| Property, Plant & Equipment | 41.64K | 1.13M | 2.38M | 11.54M | 16.35M | 16.89M | 42.56M | 42.49M |
| Fixed Asset Turnover | - | - | - | - | - | - | - | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 2.86M | 1.53M | 6.83M |
| Other Non-Current Assets | 677.68K | 0 | 0 | 0 | 0 | 2.45M | 179.7K | 445.54K |
| Total Assets | 1.78M▲ 0% | 9.36M▲ 424.5% | 73.54M▲ 686.1% | 148.06M▲ 101.3% | 110.69M▼ 25.2% | 84.58M▼ 23.6% | 74.02M▼ 12.5% | 119.95M▲ 0% |
| Asset Turnover | - | - | - | - | - | - | - | 0.00x |
| Asset Growth % | - | 424.53% | 686.07% | 101.34% | -25.24% | -23.59% | -12.49% | 41.63% |
| Total Current Liabilities | 828.31K | 392.85K | 635.08K | 12.76M | 27.14M | 19.01M | 7.38M | 18.55M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 5.19M | 4.84M | 0 |
| Days Payables Outstanding | - | - | - | - | - | 2.01K | - | 1.09K |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 349.45K | 392.85K | 581.88K | 12.7M | 27.06M | 13.73M | 2.48M | 18.55M |
| Current Ratio | 1.28x | 20.94x | 112.05x | 10.70x | 3.48x | 3.28x | 4.03x | 4.03x |
| Quick Ratio | 1.28x | 20.94x | 110.07x | 10.70x | 3.48x | 3.28x | 4.03x | 4.03x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 12.65M | 68.84K | 68.84K | 69.32K | 68.74K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 46.6K | 68.84K | 68.84K | 69.32K | 277.11K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 12.6M | 0 | 0 | 0 | 0 |
| Total Liabilities | 828.31K | 392.85K | 635.08K | 25.4M | 27.21M | 19.08M | 7.45M | 18.61M |
| Total Debt | 0 | 0 | 53.2K | 100.85K | 150.23K | 157.8K | 123.1K | 69.19K |
| Net Debt | -323.18K | -7.34M | -47.68M | -100.38M | -82.02M | -53.73M | -22.19M | -71.07M |
| Debt / Equity | - | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt / EBITDA | - | - | - | - | - | - | - | -0.00x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | 1.30x |
| Interest Coverage | - | - | -10820.34x | -7562.02x | -5548.97x | -3815.32x | - | -2380.11x |
| Total Equity | 955.19K▲ 0% | 8.96M▲ 838.3% | 72.9M▲ 713.4% | 122.65M▲ 68.2% | 83.47M▼ 31.9% | 65.5M▼ 21.5% | 66.57M▲ 1.6% | 101.33M▲ 0% |
| Equity Growth % | - | 838.26% | 713.44% | 68.25% | -31.94% | -21.53% | 1.63% | 55% |
| Book Value per Share | 0.02 | 0.20 | 0.65 | 0.79 | 0.50 | 0.37 | 0.34 | 0.43 |
| Total Shareholders' Equity | 955.19K | 8.96M | 72.9M | 122.65M | 83.47M | 65.5M | 66.57M | 101.33M |
| Common Stock | 2.85M | 10.74M | 87.67M | 181.8M | 229.63M | 290.24M | 341.35M | 407.82M |
| Retained Earnings | -2.42M | -6.44M | -38.98M | -89.62M | -179.61M | -259.5M | -309.76M | -342.21M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 530.6K | 4.67M | 24.21M | 30.47M | 33.45M | 34.76M | 34.99M | 35.72M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NFGC Cash Flow Statement
New Found Gold Corp. (NFGC) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.9M | -2.65M | -13.22M | -48.51M | -74.38M | -99.27M | -55.68M | -55.68M |
| Operating CF Margin % | - | - | - | - | - | - | - | - |
| Operating CF Growth % | - | -39.34% | -398.92% | -267% | -53.32% | -33.47% | 43.91% | 62.87% |
| Net Income | -1.34M | -4.02M | -32.53M | -50.64M | -89.99M | -79.89M | -50.27M | -45.85M |
| Depreciation & Amortization | 4.31K | 12.49K | 129.96K | 582.93K | 880.4K | 940.21K | 813.65K | 780.78K |
| Stock-Based Compensation | 0 | 2.13M | 26.46M | 7.61M | 8.49M | 1.41M | 889.04K | 2.2M |
| Deferred Taxes | 0 | 0 | -3.99M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -1.18M | 93.71K | -1.77M | -5.9M | 2.45M | -21.13M | -8.41M | -8.44M |
| Working Capital Changes | 626.34K | -866.16K | -1.51M | -170.18K | 3.79M | -604.65K | 1.29M | 109.97K |
| Change in Receivables | -4.11K | 118.77K | 43.25K | -779.98K | -1.34M | -230.68K | 1.09M | 4.46K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 1.22M | -26.58K | -1.59M | -17.07M | -737.87K | -4.44M | -3.01M | 1.22M |
| Capital Expenditures | -308.6K | -307.37K | -1.55M | -5.42M | -5.56M | -1.7M | -4.48M | -2.74M |
| CapEx % of Revenue | - | - | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 12.16K | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 975K | 0 | -42.93K | -111.13K | -4.13K | -102.23K | 372.49K | 2.79M |
| Cash from Financing | 0 | 9.69M | 55.2M | 118.34M | 56.8M | 75.43M | 27.12M | 82.03M |
| Debt Issued (Net) | 0 | 0 | -32.33K | -100.5K | -121.78K | -143.96K | -134K | -82.36K |
| Equity Issued (Net) | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 2M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 439.5K | 16.72M | -2.06M | 4.37M | -3.41M | -266.97K | -1.37M |
| Net Change in Cash | -683.48K▲ 0% | 7.01M▲ 1126.1% | 40.39M▲ 476.0% | 52.75M▲ 30.6% | -18.32M▼ 134.7% | -28.28M▼ 54.4% | -31.57M▼ 11.6% | 32.03M▲ 0% |
| Free Cash Flow | -2.21M▲ 0% | -2.96M▼ 33.8% | -14.76M▼ 399.4% | -53.94M▼ 265.3% | -79.94M▼ 48.2% | -100.99M▼ 26.3% | -60.17M▲ 40.4% | -53.94M▲ 0% |
| FCF Margin % | - | - | - | - | - | - | - | - |
| FCF Growth % | - | -33.79% | -399.35% | -265.29% | -48.22% | -26.32% | 40.42% | 19.53% |
| FCF per Share | -0.05 | -0.07 | -0.13 | -0.35 | -0.48 | -0.57 | -0.31 | -0.31 |
| FCF Conversion (FCF/Net Income) | 1.42x | 0.66x | 0.41x | 0.96x | 0.83x | 1.24x | 1.11x | 1.18x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 25.11K | 19.26K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NFGC Key Ratios
New Found Gold Corp. (NFGC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -81.07% | -79.48% | -51.79% | -87.31% | -107.25% | -76.12% | -57.71% |
| Return on Invested Capital (ROIC) | -260.82% | -214.23% | -178.95% | -560.8% | -1172.67% | -161.13% | -161.13% |
| Debt / Equity | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage | - | -10820.34x | -7562.02x | -5548.97x | -3815.32x | - | -2380.11x |
| FCF Conversion | 0.66x | 0.41x | 0.96x | 0.83x | 1.24x | 1.11x | 1.18x |
NFGC Frequently Asked Questions
New Found Gold Corp. (NFGC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
New Found Gold Corp. (NFGC) grew revenue by 0.0% over the past year. Growth has been modest.
New Found Gold Corp. (NFGC) reported a net loss of $45.9M for fiscal year 2024.
Dividend & Returns
New Found Gold Corp. (NFGC) has a return on equity (ROE) of -76.1%. Negative ROE indicates the company is unprofitable.
New Found Gold Corp. (NFGC) had negative free cash flow of $53.9M in fiscal year 2024, likely due to heavy capital investments.
Explore More NFGC
New Found Gold Corp. (NFGC) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
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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