Saturday 17 October 2026
Export TMQ’s income statement to Excel — free account
Trilogy Metals Inc.
TMQ Basic Materials Other Industrial Metals & Mining
In the quarter to August 2026, EPS grew 114.0% and free cash flow grew 11.9%, each against the same quarter a year earlier.
2.36
0.09
−3.67%
Follow TMQ
Target Price Range
Analyst price targets
Free accountTen years at a glance
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 0.15 | 0.45 | 1.05 | 1.50 | 1.03 | 1.41 | 0.50 | 0.39 | 0.25 | 1.06 |
Analyst estimates 2026–2028 Powerpack |
|||
| High | 0.86 | 1.35 | 2.34 | 3.13 | 2.74 | 3.06 | 1.70 | 0.85 | 1.40 | 11.29 | |||||
| People | |||||||||||||||
| People | Employees | 7 | 8 | 12 | 13 | 8 | 7 | 5 | 5 | 5 | 5 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | — | — | ||||
| Gross margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | |||||
| EBT | (9) | (21) | (22) | (28) | 162 | (22) | (24) | (15) | (9) | (42) | |||||
| EBT margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Net income | (5) | (21) | (22) | (28) | 162 | (22) | (24) | (15) | (9) | (42) | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| Earnings | (0.05) | (0.20) | (0.18) | (0.21) | 1.14 | (0.15) | (0.17) | (0.10) | (0.05) | (0.26) | |||||
| Cash flow | (0.08) | (0.15) | (0.18) | (0.17) | (0.06) | (0.04) | (0.03) | (0.02) | (0.01) | (0.02) | |||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Free cash flow | (0.08) | (0.15) | (0.18) | (0.18) | (0.06) | (0.04) | (0.03) | (0.02) | (0.01) | (0.02) | |||||
| Book value | 0.44 | 0.24 | 0.26 | 0.14 | 1.30 | 1.15 | 1.00 | 0.90 | 0.83 | 0.75 | |||||
| Shares, m | 105 | 106 | 122 | 135 | 141 | 144 | 146 | 153 | 160 | 165 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | ||||
| P/S | — | — | — | — | — | — | — | — | — | — | |||||
| P/B | — | — | — | — | — | — | — | — | — | — | |||||
| EV/Sales | — | — | — | — | — | — | — | — | — | — | |||||
| EV/FCF | — | — | — | — | — | — | — | — | — | — | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (9) | (15) | (22) | (23) | (8) | (5) | (4) | (3) | (2) | (3) | ||||
| Capex | 0 | 0 | 0 | (1) | — | — | 0 | — | — | — | |||||
| Free cash flow | (9) | (16) | (22) | (24) | (8) | (5) | (4) | (3) | (2) | (3) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 15 | 5 | 22 | 18 | 10 | 6 | 2 | 2 | 25 | 19 | ||||
| Total debt | — | — | — | — | 1 | 0 | 0 | — | — | — | |||||
| Net debt | (15) | (8) | (23) | (19) | (11) | (6) | (3) | (3) | (26) | (52) | |||||
| Shareholders’ equity | 46 | 26 | 32 | 18 | 184 | 166 | 145 | 138 | 133 | 124 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (9.93) | (48.50) | (46.03) | (52.51) | 136.58 | (12.29) | (15.48) | (10.53) | (6.32) | (29.03) | ||||
| ROIC | (17.82) | (66.62) | (148.76) | 0.00 | (4.40) | (3.37) | (3.07) | (3.35) | (3.91) | (8.12) | |||||
| ROE | (10.07) | (58.77) | (75.51) | (110.59) | 160.11 | (12.38) | (15.58) | (10.57) | (6.35) | (32.88) | |||||
Negative figures in brackets.
Fundamentals updated 7 Oct 2026
Charts ten years each
Trilogy Metals Inc. vs peers in Other Industrial Metals & Mining (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 |
|---|---|---|---|---|---|---|---|---|---|
| ELVR Elevra Lithium Limited - Sponsored ADR | $542.1M | — | — | — | — | — | — | — | Compare |
| IPX IperionX Limited Sponsored ADR | $521.9M | — (loss-making) | — | — | n/m | −157.46% (below 0%: shrinking) | 0.00% | — | Compare |
| NB NioCorp Developments Ltd. | $475.5M | — (loss-making) | — | — | n/m | −26.61% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| ALOY REalloys Inc. | $463.7M | — (loss-making) | — (loss-making) | +82.73% (above 0%: growing) | n/m | −4,222.78% (below 0%: shrinking) | 59.08% | (4,577.61%) | Compare |
| TMQ Trilogy Metals Inc. | $444.3M | — (loss-making) | — | — | n/m | +11.94% (above 0%: growing) | 0.00% | 0.00% | |
| UAMY United States Antimony Corporation | $416.1M | — (loss-making) | 85.7× | −24.70% (below 0%: shrinking) | −46.67% (below 0%: shrinking) | −163.88% (below 0%: shrinking) | 7.36% | (88.08%) | Compare |
| WRN Western Copper and Gold Corporation | $413.9M | — (loss-making) | — | — | n/m | −2.44% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| SLI Standard Lithium Ltd. | $343.0M | — (loss-making) | — | — | n/m | −487.43% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| NMG Nouveau Monde Graphite Inc. | $322.4M | — (loss-making) | — | — | n/m | −11.32% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| Median of peers | $439.9M | — | — | — | — | −157.46% | 0.00% | 0.00% |
Trilogy Metals Inc. (TMQ) key facts
- Concern: Trilogy Metals Inc. reported a net loss of $42.2 million, or a loss of $0.26 per share, for fiscal 2025.
- Trilogy Metals Inc. (TMQ) is an Other Industrial Metals & Mining company in the Basic Materials sector, listed on NYSE American.
- As of October 16, 2026, TMQ traded at $2.36, a market capitalization of $444.3 million.
- Return on equity was −32.9% and debt-to-equity 0.00.