Saturday 17 October 2026
Export GROY’s income statement to Excel — free account
Gold Royalty Corp.
GROY Basic Materials Gold
Gold Royalty Corp.’s revenue for fiscal 2025 (year ended December 2025) was $15.6 million, up 54.5% from fiscal 2024. In the quarter to June 2026, revenue grew 76.1%, EPS grew 257.1%, free cash flow grew 246.0% and total debt fell 99.9%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
2.98
0.04
+1.36%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 3.39 | 2.11 | 1.18 | 1.16 | 1.20 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 7.08 | 4.97 | 2.66 | 2.21 | 4.49 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 3 | 7 | 7 | 15 | 16 | 16 | ||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.03 | 0.56 | 0.20 | 0.63 | 0.98 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | 0 | 0 | 4 | 3 | 10 | 16 | ||||
| Gross margin, % | — | — | — | — | 14.58 | 14.58 | 55.48 | 69.06 | 65.63 | 76.44 | |||||
| EBT | — | — | — | — | (15) | (15) | (17) | (33) | (9) | (4) | |||||
| EBT margin, % | — | — | — | — | (7,815.63) | (7,815.63) | (440.19) | (1,079.04) | (92.89) | (27.77) | |||||
| Net income | — | 0 | — | 0 | 0 | (15) | (17) | (27) | (3) | (4) | |||||
| Depreciation | — | — | — | — | 0 | 0 | 2 | 1 | 3 | 3 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 0.01 | 0.03 | 0.02 | 0.06 | 0.09 | ||||
| Earnings | — | — | — | — | (0.01) | (0.45) | (0.14) | (0.18) | (0.02) | (0.02) | |||||
| Cash flow | — | — | — | — | 0.00 | (0.36) | (0.15) | (0.05) | 0.02 | 0.04 | |||||
| Capex | — | — | — | — | 0.00 | 0.00 | 0.00 | (0.20) | (0.29) | (0.40) | |||||
| Free cash flow | — | — | — | — | 0.00 | (0.36) | (0.15) | (0.25) | (0.27) | (0.36) | |||||
| Book value | — | — | — | 0.00 | 0.00 | 6.71 | 4.18 | 3.60 | 3.50 | 4.00 | |||||
| Shares, m | — | — | — | — | 23 | 34 | 128 | 145 | 160 | 175 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | 0.00 | 0.00 | 86.83 | 68.85 | 19.10 | 45.29 | |||||
| P/B | — | — | — | — | 2.56 | 0.74 | 0.64 | 0.40 | 0.35 | 1.01 | |||||
| EV/Sales | — | — | — | — | 0.00 | 0.00 | 88.11 | 79.13 | 23.81 | 44.40 | |||||
| EV/FCF | — | — | — | — | 0.00 | (8.78) | (17.70) | (6.75) | (5.53) | (10.83) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | (12) | (19) | (7) | 3 | 6 | ||||
| Capex | — | — | — | — | 0 | 0 | 0 | (29) | (46) | (70) | |||||
| Free cash flow | — | — | — | — | 0 | (12) | (19) | (36) | (43) | (64) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | 0 | 1 | 6 | 10 | 2 | 2 | 18 | ||||
| Total debt | — | — | — | — | — | 0 | 10 | 33 | 50 | 0 | |||||
| Net debt | — | — | — | 0 | (1) | (11) | (5) | 31 | 48 | (14) | |||||
| Shareholders’ equity | — | — | — | 0 | 0 | 225 | 536 | 521 | 558 | 699 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | (11.28) | (5.50) | (3.58) | (3.88) | (0.48) | (0.53) | ||||
| ROIC | — | — | — | 0.00 | 0.00 | (3.67) | (2.52) | (3.51) | (0.42) | 0.14 | |||||
| ROE | — | — | — | — | (15,073.83) | (13.30) | (4.56) | (5.06) | (0.63) | (0.66) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Gold Royalty Corp. vs peers in Gold (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CNL Collective Mining Ltd. | $972.6M | — (loss-making) | — | — | n/m | −136.31% (below 0%: shrinking) | — | 0.00% | Compare |
| OGG Osisko Gold Group Inc. | $811.3M | 64.8× | — (loss-making) | +376.66% (above 0%: growing) | n/m | −228.36% (below 0%: shrinking) | 63.24% | 24.71% | Compare |
| DC Dakota Gold Corp. | $740.6M | — (loss-making) | — | — | n/m | −71.27% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| GROY Gold Royalty Corp. | $681.2M | 745× | 47.2× | +76.09% (above 0%: growing) | n/m | +246.00% (above 0%: growing) | 69.31% | 32.26% | |
| NFGC New Found Gold Corp. | $608.6M | — (loss-making) | — | — | n/m | −108.07% (below 0%: shrinking) | 12.96% | (109.76%) | Compare |
| THM International Tower Hill Mines Ltd | $573.0M | — (loss-making) | — | — | n/m | −36.56% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| GAU Galiano Gold Inc. | $572.9M | 8.1× | 3.4× | +116.69% (above 0%: growing) | +242.86% (above 0%: growing) | −414.66% (below 0%: shrinking) | 70.07% | 49.18% | Compare |
| CTGO Contango Silver & Gold Inc. | $506.6M | — (loss-making) | — | — | −88.89% (below 0%: shrinking) | −209.25% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| CMCL Caledonia Mining Corporation PLC | $458.2M | 5.9× | 8.4× | +35.13% (above 0%: growing) | +202.22% (above 0%: growing) | +267.89% (above 0%: growing) | 51.61% | 54.94% | Compare |
| Median of peers | $590.8M | 8.1× | — | +116.69% | +202.22% | −122.19% | 12.96% | 0.00% |
Gold Royalty Corp. (GROY) key facts
- Strength: Gold Royalty Corp.’s revenue for fiscal 2025 (year ended December 2025) was $15.6 million, up 54.5% from fiscal 2024.
- Gold Royalty Corp. (GROY) is a Gold company in the Basic Materials sector, listed on NYSE American.
- As of October 16, 2026, GROY traded at $2.98, a market capitalization of $681.2 million.
- Return on equity was −0.66% and debt-to-equity 0.00.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.35 (safe zone) for fiscal 2025.