The company continues to report zero revenue while sustaining quarterly operating losses that reached $2.4 million in 2026Q3, reflecting a lack of operational scale.
Paramount Gold Nevada Corp. (PZG) annual income statement — 13-year revenue, gross profit & net income history
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 |
|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400.39K | 344.63K | 280.67K | 166.72M | 136.44K | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | -100% | 16.18% | 22.79% | -99.83% | - | - | - | - |
| Cost of Goods Sold | 625.65K | 743.12K | 3.05M | 632.48K | 185.86K | 62.55K | 97.15K | 2.62K | 3.73K | 4.76K | 3.91K | 1.33K | 349.04K | 0 |
| COGS % of Revenue | - | - | - | - | - | - | - | 0.66% | 1.08% | 1.7% | 0% | 0.98% | - | - |
| Gross Profit | -625.65K | -743.12K | -3.05M | -632.48K | -185.86K | -62.55K | -97.15K | 397.76K | 340.9K | 275.91K | 166.72M | 135.1K | -349.04K | 0 |
| Gross Margin % | - | - | - | - | - | - | - | 99.34% | 98.92% | 98.3% | 100% | 99.02% | - | - |
| Gross Profit Growth % | - | 75.63% | -382.13% | -240.3% | -197.15% | 35.61% | -124.42% | 16.68% | 23.56% | -99.83% | - | 138.71% | - | - |
| Operating Expenses | 7.71M | 6.21M | 5.44M | 5.58M | 7.31M | 5.77M | 6.69M | 6.39M | 6.43M | 7.99M | 2.97M | 2.81M | 2.66M | 7.19M |
| OpEx % of Revenue | - | - | - | - | - | - | - | 1594.83% | 1864.49% | 2846% | 1.78% | 2061.43% | - | - |
| Selling, General & Admin | 1.97M | 3.18M | 5.44M | 2.53M | 7.31M | 5.77M | 6.69M | 2.66M | 2.05M | 2.48M | 2.13M | 1.77M | 659.34K | 1.12M |
| SG&A % of Revenue | - | - | - | - | - | - | - | 664.69% | 595.5% | 882.49% | 1.28% | 1295.52% | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 3.48M | 3.03M | 0 | 3.04M | 0 | 0 | 0 | 3.72M | 344.63K | 280.67K | 166.22K | 136.44K | 75.1K | 7.5K |
| Operating Income | -8.33M | -6.96M | -8.49M | -6.21M | -7.49M | -5.83M | -6.79M | -5.96M | -6.43M | -7.99M | -2.97M | -2.81M | -2.66M | -7.19M |
| Operating Margin % | - | - | - | - | - | - | - | -1488.72% | -1865.57% | -2847.69% | -1.78% | -2062.41% | - | - |
| Operating Income Growth % | - | 18.06% | -36.71% | 17.12% | -28.51% | 14.09% | -13.85% | 7.29% | 19.56% | -168.73% | -5.7% | -5.65% | 62.98% | - |
| EBITDA | -8.11M | -6.95M | -5.44M | -5.76M | -7.31M | -5.77M | -6.69M | -5.79M | -6.27M | -7.85M | -2.82M | -2.81M | -2.58M | -7.18M |
| EBITDA Margin % | - | - | - | - | - | - | - | -1446.73% | -1820.75% | -2797.08% | -1.69% | -2061.43% | - | - |
| EBITDA Growth % | -19.03% | -27.82% | 5.58% | 21.15% | -26.68% | 13.78% | -15.48% | 7.69% | 20.07% | -178.16% | -0.35% | -8.81% | 64.01% | - |
| D&A (Non-Cash Add-back) | 225.55K | 2.67K | 3.05M | 448.18K | 185.86K | 62.55K | 97.15K | 168.13K | 154.47K | 142.05K | 151.9K | 1.33K | 78.51K | 10.91K |
| EBIT | -12.56M | -7.34M | -6.86M | -6.03M | -7.16M | -5.46M | -6.04M | -5.97M | -6.07M | -7.71M | -5.34M | -2.98M | -2.58M | -6.81M |
| Net Interest Income | -1.63M | -1.65M | -1.16M | -462.55K | -398.9K | -439.92K | -372.7K | 17.7K | 16.57K | 12.32K | 17.26K | -2.25M | -2.45M | -1.71M |
| Interest Income | 67.7K | 44.64K | 0 | 463 | 3 | 2.29K | 16.51K | 27.18K | 22.18K | 14.73K | 17.48K | 4.2K | 3.4K | 3.41K |
| Interest Expense | 1.69M | 1.69M | 1.16M | 463.01K | 398.9K | 442.21K | 389.21K | 9.48K | 5.61K | 2.4K | 216 | 2.25M | 2.45M | 1.71M |
| Other Income/Expense | -7.22M | -2.08M | 465.78K | -278.95K | -67.93K | -73.71K | 356.21K | 249.96K | 206.73K | 295.57K | -2.52M | -2.55M | -2.37M | -1.33M |
| Pretax Income | -15.56M | -9.03M | -8.02M | -6.49M | -7.56M | -5.9M | -6.43M | -5.97M | -6.07M | -7.56M | -5.34M | -5.23M | -5.03M | -8.52M |
| Pretax Margin % | - | - | - | - | - | - | - | -1491.07% | -1760.76% | -2691.77% | -3.2% | -3834.16% | - | - |
| Income Tax | 4.85K | 19.25K | 33.41K | -37.58K | 277.63K | 0 | 0 | -83 | 366.81K | -3.22M | 166.44K | 2.39M | 0 | 0 |
| Effective Tax Rate % | -0.03% | -0.21% | -0.42% | 0.58% | -3.67% | 0% | 0% | 0% | -6.04% | 42.56% | -3.12% | -45.67% | 0% | 0% |
| Net Income | -15.56M | -9.05M | -8.06M | -6.45M | -7.84M | -5.9M | -6.43M | -5.97M | -6.07M | -4.34M | -5.34M | -5.23M | -5.03M | -8.52M |
| Net Margin % | - | - | - | - | - | - | - | -1491.04% | -1760.76% | -1546.15% | -3.2% | -3834.16% | - | - |
| Net Income Growth % | -71.93% | -12.34% | -24.9% | 17.69% | -32.75% | 8.19% | -7.71% | 1.62% | -39.83% | 18.77% | -2.12% | -3.9% | 40.92% | - |
| Net Income (Continuing) | -15.56M | -9.05M | -8.06M | -6.45M | -7.84M | -5.9M | -6.43M | -5.97M | -6.07M | -4.34M | -5.34M | -5.23M | -5.03M | -8.52M |
| Discontinued Operations | 0 | 0 | 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 |
| EPS (Diluted) | -0.18 | -0.13 | -0.13 | -0.13 | -0.18 | -0.17 | -0.27 | -0.23 | -0.28 | -0.27 | -0.63 | -0.64 | -0.59 | -1.00 |
| EPS Growth % | -261.72% | 0% | 0% | 27.78% | -5.88% | 37.04% | -17.39% | 17.86% | -3.7% | 57.14% | 1.56% | -8.47% | 41% | - |
| EPS (Basic) | - | -0.13 | -0.13 | -0.13 | -0.18 | -0.17 | -0.27 | -0.23 | -0.28 | -0.27 | -0.63 | -0.64 | -0.59 | -1.00 |
| Diluted Shares Outstanding | 86.12M | 67.78M | 59.89M | 48.7M | 42.35M | 35.53M | 27.58M | 25.86M | 21.57M | 16.33M | 8.52M | 8.19M | 8.52M | 8.52M |
| Basic Shares Outstanding | 86.12M | 67.78M | 59.89M | 48.7M | 42.35M | 35.53M | 27.58M | 25.86M | 21.57M | 16.33M | 8.52M | 8.19M | 8.52M | 8.52M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quick answers to the most common questions about buying PZG stock.
For fiscal year 2025, Paramount Gold Nevada Corp. (PZG) reported total revenue of $0.0M.
Paramount Gold Nevada Corp. (PZG) reported a net loss of $9.1M for the fiscal year ending 2025.
Key Metrics
Top Statement Risk
Regulatory Permitting Delays
Metrics are mathematically derived from official filings.
Fixed Costs Outpace Asset Development
As reported in recent financial filings, Paramount Gold Nevada continues to incur significant non-discretionary exploration and land holding costs, with quarterly COGS and SG&A expenses consistently exceeding $0.7 million, further depleting the company's limited cash reserves while no commercial revenue is generated to offset these expenditures.
The company's cost structure is entirely fixed, reflecting the heavy burden of maintaining 2,322 unpatented mining claims in Nevada. This persistent outflow suggests that management is prioritizing asset preservation over operational efficiency, which may leave the company increasingly reliant on dilutive equity financing to sustain its ongoing permitting efforts.
Dilution Risk Masks Operational Reality
Based on the provided income statement data, the company's net losses have remained consistently negative, ranging from $1.6 million to $4.9 million per quarter, which highlights the lack of earnings quality inherent in a pre-revenue entity that relies on equity-based compensation to manage its cash burn.
The presence of stock-based compensation, while modest, indicates that the company is utilizing equity to preserve its $1.35 million cash balance. Investors should monitor whether these non-cash expenses continue to grow, as they may signal an attempt to conserve liquidity at the expense of existing shareholder value.
Operational Leverage Remains Entirely Theoretical
According to the historical income statement data, Paramount Gold Nevada exhibits no operating leverage, as the company has failed to generate any revenue while maintaining quarterly operating losses that have reached as high as $2.6 million, underscoring the speculative nature of its current development-stage business model.
The absence of revenue means that any increase in SG&A or exploration spending directly exacerbates the operating loss, leaving no room for margin expansion. This suggests that the company's financial profile will remain highly sensitive to external capital injections until the Grassy Mountain project reaches a commercial production phase.
Permitting Hurdles Threaten Long-term Viability
As indicated by the persistent lack of revenue and the recent decline in cash to $1.35 million, the company faces a critical risk where the prolonged regulatory permitting process in Oregon may render its current asset base uneconomic before production can ever be successfully initiated.
Short-sellers would likely focus on the company's inability to secure a final 'Notice to Proceed,' which effectively traps capital in non-productive assets. This warrants further investigation into whether the company's current cash runway is sufficient to survive the ongoing regulatory scrutiny without significant further dilution to shareholders.