SA revenueFY2025C$4.75M
- FY YoY
- +50.0%
- 5Y CAGR
- +112.4%
SA revenue was C$4.75M for fiscal 2025 (ended Dec 31, 2025), up 50.0% from fiscal 2024. Compound annual growth was +112.4% over 5 years. Fiscal 2025 is the highest of the 7 fiscal years on file.
Financials · SA
Seabridge Gold Inc. (SA) financials
For fiscal 2025 (ended Dec 31, 2025), Seabridge Gold Inc. reported C$4.75M of revenue and -C$53.17M of net income. Figures are in CAD, the currency of its SEC filings.
- Revenue, FY2025
- C$4.75M
- Revenue growth, YoY
- +50.0%
- Net income, FY2025
- -C$53.17M
- Net margin
- -1119.4%
- Free cash flow, FY2025
- -C$152.43M
- EPS, diluted, FY2025
- -C$0.53
- Cash
- C$117.53M
FY2018FY2025
FY2016FY2025
FY2021FY2025
SA revenue and earnings growth
SA net incomeFY2025-C$53.17M
SA net income was -C$53.17M for fiscal 2025 (ended Dec 31, 2025), compared with C$31.20M in fiscal 2024.
SA EPSFY2025-C$0.53
SA diluted EPS was -C$0.53 for fiscal 2025 (ended Dec 31, 2025), compared with -C$0.35 in fiscal 2024.
SA free cash flowFY2025-C$152.43M
SA free cash flow was -C$152.43M for fiscal 2025 (ended Dec 31, 2025), compared with -C$120.50M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$4.75M | C$3.17M | - | C$72.0K | C$83.0K | C$110.0K | C$121.0K | C$169.0K | - | - |
| Selling, general and admin | C$22.05M | C$21.18M | C$17.44M | C$16.09M | C$13.38M | C$16.53M | C$13.34M | C$12.37M | C$13.67M | C$9.68M |
| Interest expense | -C$2.47M | -C$526.0K | -C$459.0K | -C$330.0K | C$438.0K | C$2.70M | -C$166.0K | - | - | - |
| Pre-tax income | -C$65.08M | -C$19.87M | -C$37.96M | C$874.0K | C$5.53M | -C$15.74M | -C$12.31M | -C$14.97M | -C$8.12M | -C$4.32M |
| Income tax | -C$11.91M | C$11.38M | -C$8.70M | C$8.27M | C$4.63M | -C$800.0K | -C$697.0K | C$4.97M | C$2.16M | C$2.98M |
| Net income | -C$53.17M | C$31.20M | C$29.30M | C$7.40M | C$900.0K | C$14.90M | -C$11.61M | -C$19.94M | -C$10.29M | -C$7.29M |
| EPS, basic | -C$0.53 | -C$0.35 | -C$0.35 | -C$0.09 | C$0.01 | -C$0.23 | - | - | - | - |
| EPS, diluted | -C$0.53 | -C$0.35 | -C$0.35 | -C$0.09 | C$0.01 | -C$0.23 | - | - | - | - |
| Diluted shares | 100.9M | 88.8M | 83.0M | 80.1M | 77.6M | 66.4M | 62.4M | 59.1M | 56.4M | 53.3M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | C$117.53M | C$49.81M | C$82.44M | C$46.15M | C$11.52M | C$17.53M | C$8.79M | C$2.93M | C$4.05M | C$1.65M |
| Receivables | - | - | - | - | C$281.0K | - | - | - | - | - |
| Current assets | C$214.15M | C$58.15M | C$93.95M | C$140.39M | C$54.16M | C$46.23M | C$19.21M | C$24.47M | C$20.16M | C$13.06M |
| Total assets | C$1.77B | C$1.45B | C$1.35B | C$1.10B | C$747.74M | C$647.82M | C$449.37M | C$423.46M | C$382.91M | C$337.99M |
| Current liabilities | C$40.88M | C$20.32M | C$39.41M | C$51.99M | C$17.30M | C$10.19M | C$6.69M | C$6.50M | C$6.19M | C$5.72M |
| Total liabilities | C$642.88M | C$609.72M | C$621.04M | C$355.09M | C$45.41M | C$33.10M | C$34.35M | C$36.91M | C$27.27M | C$26.63M |
| Shareholders' equity | C$1.12B | C$843.02M | C$729.92M | C$740.53M | C$702.33M | C$614.72M | C$415.02M | C$386.56M | C$355.64M | C$311.36M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -C$15.46M | -C$14.22M | -C$21.54M | -C$13.29M | -C$11.74M | -C$9.74M | -C$10.90M | -C$9.40M | -C$10.14M | -C$5.18M |
| Capital expenditures | C$136.97M | C$106.28M | C$230.16M | C$177.99M | C$73.61M | - | - | - | - | - |
| Free cash flow | -C$152.43M | -C$120.50M | -C$251.70M | -C$191.28M | -C$85.35M | - | - | - | - | - |
| Investing cash flow | -C$187.94M | -C$121.24M | -C$202.90M | -C$281.13M | -C$78.64M | -C$180.46M | -C$14.77M | -C$42.65M | -C$28.15M | -C$16.55M |
| Financing cash flow | C$272.19M | C$101.27M | C$260.45M | C$325.83M | C$84.56M | C$199.72M | C$31.53M | C$50.93M | C$40.70M | C$22.39M |
| Stock-based compensation | C$4.72M | C$3.68M | C$3.27M | -C$3.14M | -C$3.51M | -C$8.80M | -C$5.40M | -C$5.18M | C$7.52M | C$3.67M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 50.0% | - | - | -13.3% | -24.5% | -9.1% | -28.4% | - | - | - |
| Net income growth, YoY | - | 6.5% | 295.9% | 722.2% | -94.0% | - | - | - | - | - |
| Net margin | -1119.4% | 985.5% | - | 10277.8% | 1084.3% | 13545.5% | -9597.5% | -11798.8% | - | - |
| Free cash flow margin | -3209.1% | -3806.0% | - | -265665.3% | -102828.9% | - | - | - | - | - |
| Return on equity | -4.7% | 3.7% | 4.0% | 1.0% | 0.1% | 2.4% | -2.8% | -5.2% | -2.9% | -2.3% |
| Return on assets | -3.0% | 2.1% | 2.2% | 0.7% | 0.1% | 2.3% | -2.6% | -4.7% | -2.7% | -2.2% |
| Current ratio | 5.24 | 2.86 | 2.38 | 2.70 | 3.13 | 4.53 | 2.87 | 3.76 | 3.26 | 2.28 |
Source: XBRL data Seabridge Gold Inc. files with the SEC, latest filing dated Mar 27, 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.
SA peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| SA | C$4.75M | +50.0% | -C$53.17M | -1119.4% | $3.01B |
| NEM | $26.61B | +23.7% | $9.24B | 34.7% | $130.07B |
| AEM | $11.91B | +43.7% | $4.46B | 37.5% | $101.51B |
| B | $16.96B | +31.2% | $4.99B | 29.4% | $69.56B |
| WPM | $2.31B | +80.2% | $1.47B | 63.6% | $65.38B |
| FNV | $1.82B | +63.7% | $1.11B | 61.0% | $50.81B |
| AU | $9.89B | +70.8% | $3.17B | 32.1% | $50.26B |
| GFI | $8.75B | +68.2% | $3.57B | 40.8% | $36.73B |
| KGC | $7.05B | +36.9% | $2.39B | 33.9% | $26.92B |
SA FAQ
8 questionsWhat is SA revenue?
Seabridge Gold Inc. (SA) reported C$4.75M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 50.0% from the year before.Is SA profitable?
No. Seabridge Gold Inc. reported a net loss of C$53.17M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does SA have?
Seabridge Gold Inc. reported C$117.53M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is SA revenue growing?
Seabridge Gold Inc.'s revenue changed +50.0% in fiscal 2025, to C$4.75M. Its compound annual growth rate was +112.4% over 5 years.What is SA free cash flow?
Seabridge Gold Inc. generated -C$152.43M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -C$15.46M less capital expenditures.What is SA earnings per share?
Diluted earnings per share were -C$0.53 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did SA last report financial results?
The latest statements here come from Seabridge Gold Inc.'s 40-F filed on Mar 27, 2026, covering the period ended Dec 31, 2025.Where does this SA financial data come from?
Quantisnow builds these statements from the structured XBRL data Seabridge Gold Inc. files with the SEC. It is provided for information only and is not investment advice.