The company exhibits extreme revenue volatility, with quarterly figures fluctuating from zero to $24.2 million, while structural margin deficits persist as evidenced by a -100.1% gross margin recorded in 2024Q1.
| Sales/Revenue | 37.69M | 35.48M | 4.56M | 31.63M | 64.05M | 7.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | 1249.52% | 678.03% | -85.58% | -50.62% | 736% | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 14.53M | 60.72M | 5.08M | 32.51M | 56.81M | 7.78M | 1.02M | 0 | 0 | 0 | 0 | 438 | 641 |
| COGS % of Revenue | - | 171.13% | 111.36% | 102.8% | 88.7% | 101.58% | - | - | - | - | - | - | - |
| Gross Profit | 23.17M | -25.24M | -518K | -887K | 7.24M | -121K | -1.02M | 0 | 0 | 0 | 0 | -438 | -641 |
| Gross Margin % | 61.46% | -71.13% | -11.36% | -2.8% | 11.3% | -1.58% | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | -4772.01% | 41.6% | -112.26% | 6080.17% | 88.09% | - | - | - | - | 100% | 31.67% | - |
| Operating Expenses | 69.02M | 28.38M | 72.79M | 208.77M | 241.54M | 157.24M | 8.3M | 3.84M | 465.86K | 72.47K | 146.08K | 215.72K | 717.01K |
| OpEx % of Revenue | - | 79.99% | 1596.23% | 660.14% | 377.14% | 2052.53% | - | - | - | - | - | - | - |
| Selling, General & Admin | 31.85M | 28.38M | 27.01M | 39.85M | 30.23M | 21.53M | 8.17M | 3.67M | 449.89K | 72.47K | 146.08K | 215.72K | 629.81K |
| SG&A % of Revenue | - | 79.99% | 592.39% | 126.01% | 47.2% | 281.09% | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1.68M | 0 | 45.77M | 168.7M | 64.87M | 9.71M | 131K | 178K | 15.97K | 0 | 0 | 0 | 87.2K |
| Operating Income | -45.85M | -53.62M | -73.31M | -209.44M | -234.3M | -157.37M | -8.3M | -53.83M | -466K | -72.47K | -146.08K | -216.16K | -717.66K |
| Operating Margin % | -121.65% | -151.13% | -1607.59% | -662.25% | -365.84% | -2054.11% | - | - | - | - | - | - | - |
| Operating Income Growth % | - | 26.86% | 65% | 10.61% | -48.89% | -1795.74% | 84.58% | -11451.29% | -543.02% | 50.39% | 32.42% | 69.88% | - |
| EBITDA | -41.13M | -43.79M | -62.29M | -194.76M | -216.97M | -154.85M | -7.29M | -3.84M | 6.88M | -116.91K | -146.08K | -215.72K | -717.02K |
| EBITDA Margin % | -109.11% | -123.43% | -1366.07% | -615.84% | -338.78% | -2021.33% | - | - | - | - | - | - | - |
| EBITDA Growth % | 51.87% | 29.7% | 68.02% | 10.24% | -40.11% | -2025.66% | -89.52% | -155.89% | 5983.06% | 19.97% | 32.28% | 69.91% | - |
| D&A (Non-Cash Add-back) | 4.73M | 9.83M | 11.01M | 14.68M | 17.33M | 2.51M | 1.02M | 49.98M | 7.34M | -44.44K | 0 | 438 | 641 |
| EBIT | -90.55M | -53.62M | -68.22M | -191.01M | -184.99M | -144.57M | 715K | -3.84M | -8.52M | -69.32K | -36.85K | -214.78K | -4.02M |
| Net Interest Income | -6.68M | 2.16M | -13.49M | -8.54M | -3.98M | 24K | -403K | 0 | 0 | 0 | 0 | -311 | -19 |
| Interest Income | 0 | 8.83M | 3.98M | 4.83M | 1.78M | 773K | 384K | 63K | 0 | 0 | 0 | 22 | 558 |
| Interest Expense | 6.68M | 6.67M | 17.47M | 13.38M | 5.76M | 749K | 787K | 0 | 141 | 123 | 142 | 333 | 577 |
| Other Income/Expense | -44.43M | -105.92M | -12.39M | 5.05M | 43.55M | 11.09M | 7.04M | -40.53M | -465K | 3.02K | 109.09K | 1.05K | -3.3M |
| Pretax Income | -90.28M | -159.54M | -85.69M | -204.39M | -190.75M | -146.27M | -1.27M | -94.36M | -931K | -69.45K | -36.99K | -215.11K | -4.02M |
| Pretax Margin % | -239.52% | -449.69% | -1879.28% | -646.29% | -297.84% | -1909.32% | - | - | - | - | - | - | - |
| Income Tax | -354K | -66K | 648K | -22.52M | 1.71M | -12.97M | 6.81M | -18.66M | 2.03M | 0 | 0 | 0 | -1.21M |
| Effective Tax Rate % | 0.39% | 0.04% | -0.76% | 11.02% | -0.89% | 8.87% | -537.6% | 19.77% | -217.62% | 0% | 0% | 0% | 30.13% |
| Net Income | -71.46M | -169.01M | -86.34M | -181.87M | -192.46M | -133.3M | -8.07M | -75.7M | -2.01M | -113.89K | -5.87K | -157.84K | -2.81M |
| Net Margin % | -189.6% | -476.39% | -1893.49% | -575.09% | -300.5% | -1740.01% | - | - | - | - | - | - | - |
| Net Income Growth % | 38.23% | -95.74% | 52.53% | 5.5% | -44.38% | -1551.41% | 89.34% | -3664.4% | -1665.69% | -1839.26% | 96.28% | 94.38% | - |
| Net Income (Continuing) | -89.93M | -159.47M | -86.34M | -181.87M | -192.46M | -131.6M | -6.09M | -75.7M | -931K | -69.45K | -36.99K | -215.11K | -4.02M |
| Discontinued Operations | 1000K | -9.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.62M | -1.67M | -1.64M | -1.58M |
| EPS (Diluted) | -0.23 | -0.95 | -0.92 | -2.21 | -3.02 | -3.03 | -0.21 | -2.00 | -36.46 | -10.23 | -0.53 | -14.18 | -252.24 |
| EPS Growth % | 13.16% | -3.26% | 58.37% | 26.82% | 0.33% | -1342.86% | 89.5% | 94.51% | -256.4% | -1830.19% | 96.26% | 94.38% | - |
| EPS (Basic) | - | -0.95 | -0.67 | -2.21 | -3.02 | -3.03 | -0.21 | -2.00 | -36.46 | -10.23 | -0.53 | -14.18 | -252.24 |
| Diluted Shares Outstanding | 311.05M | 178.2M | 129.11M | 82.47M | 63.8M | 44.05M | 37.91M | 37.86M | 55.15K | 11.13K | 11.13K | 11.13K | 11.13K |
| Basic Shares Outstanding | 285.21M | 178.2M | 129.11M | 82.47M | 63.8M | 44.05M | 37.91M | 37.86M | 55.15K | 11.13K | 11.13K | 11.13K | 11.13K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - |
Project financing and dilution
As indicated by the quarterly financial data, revenue volatility remains extreme, with figures fluctuating from zero to $24.2 million within a single year, reflecting the non-recurring nature of test mining activities rather than a sustainable, organic growth trajectory for the Cariboo Gold Project development.
The lack of consistent revenue generation highlights the company's current status as a pre-commercial developer rather than an operating miner. Investors should interpret these top-line swings as project-specific milestones rather than indicators of long-term commercial viability or market penetration.
Based on reported income statements, the company exhibits deeply negative gross margins, which reached -100.1% in 2024Q1, suggesting that the current cost of extraction and processing significantly outweighs the market value of the gold produced during these early-stage test mining phases.
These margin profiles are characteristic of a firm that has not yet achieved the economies of scale necessary to cover fixed processing costs. Until the company transitions to full-scale commercial production, these negative margins will likely remain a structural feature of the income statement.
According to the provided financial tables, SG&A expenses consistently hover between $5.7 million and $10.1 million per quarter, which, when coupled with negative gross profits, indicates that the company lacks the operating leverage required to scale its bottom line alongside its development activities.
The persistent disconnect between overhead spending and revenue generation suggests that administrative and exploration costs are not currently optimized for a production-ready environment. This lack of operating efficiency warrants further investigation into the company's ability to control costs as it approaches a final investment decision.
As reported in financial statements, net income figures show significant anomalies, such as the $60.2 million profit in 2026Q1, which appears disconnected from operational performance and likely stems from non-operating items or marketable securities fluctuations rather than core mining profitability.
The reliance on non-operating gains to bolster the bottom line obscures the underlying cash burn of the business. Analysts should focus on operating cash flow metrics to strip away these accounting distortions and assess the true financial health of the development projects.
Based on the provided data, the company's reliance on periodic revenue to offset high fixed costs suggests a precarious financial position, where the risk of significant shareholder dilution remains high if project financing is not secured before current cash reserves are fully exhausted.
Short-term revenue spikes may mask the underlying reality that the company is burning through capital to maintain its land position and permitting efforts. Investors should monitor the cash burn rate closely, as the current income statement trajectory suggests an increasing dependency on external capital markets.
Quick answers to the most common questions about buying ODVWZ stock.
For fiscal year 2025, Osisko Development Corp. Warrant expiring 5/27/2027 (ODVWZ) reported total revenue of $35.5M.
Osisko Development Corp. Warrant expiring 5/27/2027 (ODVWZ) reported a net loss of $169.0M for the fiscal year ending 2025.
Osisko Development Corp. Warrant expiring 5/27/2027 (ODVWZ) reported an operating income of $-53.6M, resulting in an operating profit margin of -151.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Osisko Development Corp. Warrant expiring 5/27/2027 (ODVWZ) generated $-25.2M in gross profit for the year, representing a gross profit margin of -71.1%. This demonstrates the company's core pricing power and production efficiency.