GROY revenueFY2025$15.61M
- FY YoY
- +54.5%
GROY revenue was $15.61M for fiscal 2025 (ended Dec 31, 2025), up 54.5% from fiscal 2024. Fiscal 2025 is the highest of the 5 fiscal years on file.
Gold Royalty Corp. (GROY) financials
For fiscal 2025 (ended Dec 31, 2025), Gold Royalty Corp. reported $15.61M of revenue and -$4.13M of net income.
- Revenue, FY2025
- $15.61M
- Revenue growth, YoY
- +54.5%
- Net income, FY2025
- -$4.13M
- Net margin
- -26.5%
- EPS, diluted, FY2025
- -$0.02
- Cash
- $12.41M
- P/S
- 45.84
- Market cap
- $715.5M
FY2021FY2025
FY2021FY2025
FY2021FY2022
GROY revenue and earnings growth
GROY net incomeFY2025-$4.13M
GROY net income was -$4.13M for fiscal 2025 (ended Dec 31, 2025), compared with -$3.41M in fiscal 2024.
GROY EPSFY2025-$0.02
GROY diluted EPS was -$0.02 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.02 in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Sep 30, 2022 | Sep 30, 2021 |
|---|---|---|---|---|---|
| Revenue | $15.61M | $10.10M | $3.05M | $3.94M | $192.0K |
| Cost of revenue | $1.02M | $268.0K | - | - | $163.8K |
| Gross profit | $11.93M | $6.63M | $2.10M | $2.19M | $28.0K |
| Selling, general and admin | $7.41M | $8.26M | $7.59M | $14.03M | $9.37M |
| Operating income | $1.54M | -$4.07M | -$30.97M | -$21.45M | -$12.58M |
| Interest expense | $3.94M | $3.83M | $1.84M | $633.0K | - |
| Pre-tax income | -$4.33M | -$9.38M | -$32.89M | -$17.36M | -$15.01M |
| Income tax | -$205.0K | -$5.97M | -$6.13M | -$15.0K | - |
| Net income | -$4.13M | -$3.41M | -$26.76M | -$17.35M | -$15.01M |
| EPS, basic | -$0.02 | -$0.02 | -$0.18 | -$0.14 | -$0.45 |
| EPS, diluted | -$0.02 | -$0.02 | -$0.18 | -$0.14 | -$0.45 |
| Diluted shares | 175.0M | 159.5M | 144.7M | 128.2M | 33.6M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Sep 30, 2022 | Sep 30, 2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $12.41M | $2.27M | $1.44M | $7.05M | $9.90M |
| Receivables | $2.74M | $1.66M | $931.0K | $1.03M | $412.0K |
| Current assets | $22.55M | $5.87M | $5.55M | $16.96M | $13.30M |
| Total assets | $822.76M | $737.51M | $690.99M | $688.61M | $279.50M |
| Current liabilities | $4.62M | $3.86M | $3.85M | $7.21M | $6.92M |
| Total liabilities | $123.56M | $179.21M | $170.04M | $152.40M | $54.18M |
| Shareholders' equity | $699.20M | $558.30M | $520.95M | $536.22M | $225.32M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Sep 30, 2022 | Sep 30, 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $6.17M | $2.54M | -$6.88M | -$19.26M | -$11.95M |
| Capital expenditures | - | - | - | $28.0K | $2.0K |
| Free cash flow | - | - | - | -$19.29M | -$11.95M |
| Investing cash flow | -$68.66M | -$44.07M | -$33.49M | $10.58M | -$69.17M |
| Financing cash flow | $72.63M | $42.35M | $35.96M | $5.83M | $90.95M |
| Dividends paid | - | - | $2.60M | $4.03M | - |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Sep 30, 2022 | Sep 30, 2021 |
|---|---|---|---|---|---|
| Revenue growth, YoY | 54.5% | 231.5% | -22.7% | 1954.2% | - |
| Gross margin | 76.4% | 65.6% | 69.1% | 55.5% | 14.6% |
| Operating margin | 9.9% | -40.2% | -1016.1% | -544.0% | -6552.6% |
| Net margin | -26.5% | -33.8% | -877.8% | -439.8% | -7815.6% |
| Free cash flow margin | - | - | - | -489.1% | -6225.0% |
| Return on equity | -0.6% | -0.6% | -5.1% | -3.2% | -6.7% |
| Return on assets | -0.5% | -0.5% | -3.9% | -2.5% | -5.4% |
| Current ratio | 4.88 | 1.52 | 1.44 | 2.35 | 1.92 |
Source: XBRL data Gold Royalty Corp. files with the SEC, latest filing dated Mar 19, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
GROY peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| GROY | $15.61M | +54.5% | -$4.13M | -26.5% | $715.5M |
| NEM | $26.61B | +23.7% | $9.24B | 34.7% | $124.66B |
| AEM | $11.91B | +43.7% | $4.46B | 37.5% | $96.29B |
| B | $16.96B | +31.2% | $4.99B | 29.4% | $65.32B |
| WPM | $2.31B | +80.2% | $1.47B | 63.6% | $62.05B |
| FNV | $1.82B | +63.7% | $1.11B | 61.0% | $49.33B |
| AU | $9.89B | +70.8% | $3.17B | 32.1% | $47.46B |
| GFI | $8.75B | +68.2% | $3.57B | 40.8% | $34.15B |
| KGC | $7.05B | +36.9% | $2.39B | 33.9% | $25.37B |
GROY FAQ
8 questionsWhat is GROY revenue?
Gold Royalty Corp. (GROY) reported $15.61M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 54.5% from the year before.Is GROY profitable?
No. Gold Royalty Corp. reported a net loss of $4.13M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does GROY have?
Gold Royalty Corp. reported $12.41M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is GROY revenue growing?
Gold Royalty Corp.'s revenue changed +54.5% in fiscal 2025, to $15.61M.What is GROY gross margin?
Gold Royalty Corp.'s gross profit was $11.93M on $15.61M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 76.4%.What is GROY earnings per share?
Diluted earnings per share were -$0.02 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did GROY last report financial results?
The latest statements here come from Gold Royalty Corp.'s 20-F filed on Mar 19, 2026, covering the period ended Dec 31, 2025.Where does this GROY financial data come from?
Quantisnow builds these statements from the structured XBRL data Gold Royalty Corp. files with the SEC. It is provided for information only and is not investment advice.