VMET revenueFY2025$34.76M
- FY YoY
- +189.1%
VMET revenue was $34.76M for fiscal 2025 (ended Dec 31, 2025), up 189.1% from fiscal 2024.
Versamet Royalties Corporation (VMET) financials
For fiscal 2025 (ended Dec 31, 2025), Versamet Royalties Corporation reported $34.76M of revenue and $20.33M of net income.
- Revenue, FY2025
- $34.76M
- Revenue growth, YoY
- +189.1%
- Net income, FY2025
- $20.33M
- Net margin
- 58.5%
- Free cash flow, FY2025
- -$142.51M
- EPS, diluted, FY2025
- $0.21
- Cash
- $3.71M
- P/E
- 50.21
- P/S
- 29.37
- Market cap
- $1.02B
FY2024FY2025
FY2024FY2025
FY2024FY2025
VMET revenue and earnings growth
VMET net incomeFY2025$20.33M
VMET net income was $20.33M for fiscal 2025 (ended Dec 31, 2025), compared with -$2.45M in fiscal 2024.
VMET EPSFY2025$0.21
VMET diluted EPS was $0.21 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.03 in fiscal 2024.
VMET free cash flowFY2025-$142.51M
VMET free cash flow was -$142.51M for fiscal 2025 (ended Dec 31, 2025), compared with $7.32M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | $34.76M | $12.03M |
| Gross profit | $13.48M | $1.19M |
| Selling, general and admin | $7.64M | $5.53M |
| Operating income | $38.76M | $1.38M |
| Interest expense | $12.16M | $3.58M |
| Pre-tax income | $29.60M | -$874.0K |
| Income tax | $9.27M | $1.57M |
| Net income | $20.33M | -$2.45M |
| EPS, basic | $0.22 | -$0.03 |
| EPS, diluted | $0.21 | -$0.03 |
| Diluted shares | 95.5M | 76.2M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash and equivalents | $3.71M | $1.43M |
| Short-term investments | $10.78M | $7.63M |
| Current assets | $24.22M | $9.46M |
| Total assets | $418.01M | $230.25M |
| Current liabilities | $32.88M | $16.85M |
| Total liabilities | $184.05M | $18.92M |
| Shareholders' equity | $233.96M | $211.33M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | $16.95M | $7.40M |
| Capital expenditures | $159.46M | $76.0K |
| Free cash flow | -$142.51M | $7.32M |
| Investing cash flow | -$159.46M | $956.0K |
| Financing cash flow | $144.84M | -$13.49M |
| Stock-based compensation | $1.67M | $2.56M |
Key ratios
Source: XBRL data Versamet Royalties Corporation files with the SEC, latest filing dated Apr 30, 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.
VMET peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| VMET | $34.76M | +189.1% | $20.33M | 58.5% | $1.02B |
| 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 |
VMET FAQ
9 questionsWhat is VMET revenue?
Versamet Royalties Corporation (VMET) reported $34.76M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 189.1% from the year before.Is VMET profitable?
Yes. Versamet Royalties Corporation earned $20.33M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 58.5%.How much cash and debt does VMET have?
Versamet Royalties Corporation reported $3.71M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is VMET revenue growing?
Versamet Royalties Corporation's revenue changed +189.1% in fiscal 2025, to $34.76M.What is VMET gross margin?
Versamet Royalties Corporation's gross profit was $13.48M on $34.76M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 38.8%.What is VMET free cash flow?
Versamet Royalties Corporation generated -$142.51M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $16.95M less capital expenditures.What is VMET earnings per share?
Diluted earnings per share were $0.21 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did VMET last report financial results?
The latest statements here come from Versamet Royalties Corporation's 20-F filed on Apr 30, 2026, covering the period ended Dec 31, 2025.Where does this VMET financial data come from?
Quantisnow builds these statements from the structured XBRL data Versamet Royalties Corporation files with the SEC. It is provided for information only and is not investment advice.