TMQ net incomeQ3 2026$244.0K
TMQ net income was $244.0K in fiscal Q3 2026 (ended Aug 31, 2026), compared with -$1.75M a year earlier. For the full fiscal 2025 it was -$42.24M, compared with -$8.59M in fiscal 2024.
Trilogy Metals Inc. (TMQ) financials
For the twelve months ended Aug 31, 2026, Trilogy Metals Inc. reported -$47.86M of net income.
- Net income, TTM
- -$47.86M
- EPS, diluted, TTM
- -$0.30
- Cash
- $31.21M
- Market cap
- $418.0M
FY2016FY2025
FY2016FY2019
TMQ revenue and earnings growth
TMQ EPSQ3 2026$0.00
TMQ diluted EPS was $0.00 in fiscal Q3 2026 (ended Aug 31, 2026), compared with -$0.01 a year earlier. For the full fiscal 2025 it was -$0.26, compared with -$0.05 in fiscal 2024.
Income statement
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | - | - | - | - | - | $1.06M | - | - | - | - |
| Selling, general and admin | $1.33M | $1.22M | $1.33M | $1.29M | $1.52M | $1.65M | $1.84M | $1.53M | $1.39M | $1.34M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$42.24M | -$8.59M | -$14.95M | -$24.26M | -$21.66M | $161.77M | -$27.91M | -$21.85M | -$21.10M | -$4.86M |
| EPS, basic | -$0.26 | -$0.05 | -$0.10 | -$0.17 | -$0.15 | $1.14 | -$0.21 | -$0.18 | $0.20 | $0.05 |
| EPS, diluted | -$0.26 | -$0.05 | -$0.10 | -$0.17 | -$0.15 | $1.12 | -$0.21 | -$0.18 | $0.20 | $0.05 |
| Diluted shares | 164.8M | 159.8M | 152.6M | 145.7M | 144.4M | 144.6M | 135.2M | 121.8M | 105.6M | 105.1M |
Balance sheet
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $51.61M | $25.83M | $2.59M | $2.57M | $6.31M | $11.13M | $19.17M | $22.99M | $5.39M | $7.34M |
| Short-term investments | - | - | - | - | - | - | - | $0 | $2.52M | $7.54M |
| Receivables | $118.0K | $16.0K | $33.0K | $17.0K | $19.0K | $129.0K | $264.0K | $23.0K | $470.0K | $47.0K |
| Current assets | $51.92M | $26.05M | $2.88M | $2.91M | $6.61M | $11.44M | $20.16M | $23.63M | $9.10M | $15.65M |
| Total assets | $157.30M | $133.70M | $138.02M | $146.00M | $167.31M | $185.26M | $51.62M | $54.66M | $40.28M | $46.75M |
| Current liabilities | $33.11M | $793.0K | $465.0K | $534.0K | $1.03M | $1.05M | $2.35M | $1.66M | $4.25M | $593.0K |
| Total liabilities | $33.18M | $903.0K | $465.0K | $567.0K | $1.27M | $1.45M | $33.35M | $22.46M | $14.61M | $593.0K |
| Shareholders' equity | $124.12M | $132.79M | $137.56M | $145.43M | $166.04M | $183.81M | $18.26M | $32.20M | $25.66M | $46.15M |
Cash flow
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.25M | -$1.83M | -$3.09M | -$3.94M | -$5.12M | -$8.25M | -$23.49M | -$22.07M | -$15.41M | -$8.69M |
| Capital expenditures | - | - | - | - | - | - | $645.0K | $7.0K | $300.0K | $122.0K |
| Free cash flow | - | - | - | - | - | - | -$24.14M | -$22.08M | -$15.71M | -$8.81M |
| Investing cash flow | -$1.00M | $25.00M | - | $142.0K | -$119.0K | - | $9.55M | $12.72M | $13.54M | -$78.0K |
| Financing cash flow | $30.01M | $74.0K | $3.12M | $54.0K | $416.0K | $217.0K | $10.12M | $26.95M | -$90.0K | -$29.0K |
| Stock-based compensation | -$3.34M | -$3.52M | -$3.75M | -$3.43M | -$3.47M | -$3.56M | -$3.85M | -$1.44M | -$705.0K | $615.0K |
| Depreciation and amortization | - | $4.0K | $8.0K | $17.0K | $21.0K | $91.0K | $211.0K | $160.0K | $107.0K | $79.0K |
Key ratios
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| EPS growth, YoY | - | - | - | - | - | - | - | - | 300.0% | - |
| Return on equity | -34.0% | -6.5% | -10.9% | -16.7% | -13.0% | 88.0% | -152.8% | -67.8% | -82.2% | -10.5% |
| Return on assets | -26.9% | -6.4% | -10.8% | -16.6% | -12.9% | 87.3% | -54.1% | -40.0% | -52.4% | -10.4% |
| Current ratio | 1.57 | 32.84 | 6.20 | 5.45 | 6.41 | 10.93 | 8.56 | 14.26 | 2.14 | 26.39 |
Income statement
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selling, general and admin | $294.0K | $430.0K | $567.0K | $420.0K | $214.0K | $353.0K | $343.0K | $191.0K | $293.0K | $319.0K | $415.0K | $314.0K |
| Net income | $244.0K | -$6.34M | -$7.06M | -$34.69M | -$1.75M | -$2.18M | -$3.62M | -$1.64M | -$1.59M | -$1.76M | -$3.60M | -$3.02M |
| EPS, basic | $0.00 | -$0.04 | -$0.04 | -$0.22 | -$0.01 | -$0.01 | -$0.02 | -$0.01 | -$0.01 | -$0.01 | -$0.02 | -$0.02 |
| EPS, diluted | $0.00 | -$0.04 | -$0.04 | -$0.22 | -$0.01 | -$0.01 | -$0.02 | -$0.01 | -$0.01 | -$0.01 | -$0.02 | -$0.02 |
| Diluted shares | 172.8M | 172.6M | 171.9M | - | 164.3M | 164.2M | 162.8M | - | 160.5M | 160.2M | 157.7M | - |
Balance sheet
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $31.21M | $38.84M | $47.78M | $51.61M | $23.37M | $24.62M | $25.21M | $25.83M | $25.74M | $14.02M | $2.01M | $2.59M |
| Receivables | $93.0K | $106.0K | $112.0K | $118.0K | $17.0K | $20.0K | $19.0K | $16.0K | $8.0K | $15.0K | $14.0K | $33.0K |
| Current assets | $31.64M | $39.01M | $48.02M | $51.92M | $23.73M | $24.70M | $25.33M | $26.05M | $26.10M | $14.08M | $2.15M | $2.88M |
| Total assets | $140.75M | $151.19M | $154.54M | $157.30M | $129.12M | $130.98M | $132.39M | $133.70M | $134.38M | $135.34M | $136.56M | $138.02M |
| Current liabilities | $23.88M | $35.22M | $33.00M | $33.11M | $373.0K | $874.0K | $702.0K | $793.0K | $428.0K | $463.0K | $464.0K | $465.0K |
| Total liabilities | $23.91M | $35.27M | $33.06M | $33.18M | $455.0K | $967.0K | $800.0K | $903.0K | $553.0K | $463.0K | $464.0K | $465.0K |
| Shareholders' equity | $116.84M | $115.92M | $121.48M | $124.12M | $128.66M | $130.02M | $131.59M | $132.79M | $133.82M | $134.88M | $136.09M | $137.56M |
Cash flow
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.11M | -$1.04M | -$2.74M | -$558.0K | -$1.26M | -$677.0K | -$748.0K | $26.0K | -$785.0K | -$490.0K | -$579.0K | -$459.0K |
| Investing cash flow | -$6.50M | -$8.00M | -$2.50M | - | - | - | - | $0 | $12.50M | - | - | - |
| Financing cash flow | $0 | $110.0K | $1.33M | $29.79M | $22.0K | $71.0K | $131.0K | - | - | - | - | $0 |
| Stock-based compensation | -$675.0K | -$674.0K | -$3.10M | -$192.0K | -$374.0K | -$512.0K | -$2.26M | -$503.0K | -$509.0K | -$509.0K | -$2.00M | -$769.0K |
| Depreciation and amortization | - | - | - | - | - | - | - | $0 | $1.0K | $2.0K | $1.0K | $2.0K |
Key ratios
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.33 | 1.11 | 1.46 | 1.57 | 63.63 | 28.26 | 36.08 | 32.84 | 60.98 | 30.42 | 4.64 | 6.20 |
Source: XBRL data Trilogy Metals Inc. files with the SEC, latest filing dated Oct 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
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.
TMQ peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| TMQ | - | - | -$47.86M | - | $418.0M |
| 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 |
TMQ FAQ
5 questionsIs TMQ profitable?
No. Trilogy Metals Inc. reported a net loss of $47.86M for the twelve months ended Aug 31, 2026.How much cash and debt does TMQ have?
Trilogy Metals Inc. reported $31.21M in cash and cash equivalents on its most recent balance sheet in SEC filings.What is TMQ earnings per share?
Diluted earnings per share were -$0.30 for the twelve months ended Aug 31, 2026, from SEC filings, restated for any stock split those filings show.When did TMQ last report financial results?
The latest statements here come from Trilogy Metals Inc.'s 10-Q filed on Oct 2, 2026, covering the period ended Aug 31, 2026.Where does this TMQ financial data come from?
Quantisnow builds these statements from the structured XBRL data Trilogy Metals Inc. files with the SEC. It is provided for information only and is not investment advice.