New Found Gold Corp

New Found Gold Corp

2.20
CAD
-0.16
(-6.78%)
-0.21EPS
Nov 16Next Earn

Important Dates

New Found Gold Corp's next confirmed earnings release is scheduled for November 16, 2026.

Earnings Date11/16/2026

Share Statistics

As of June 30, 2026, New Found Gold Corp has 384.08M shares outstanding.

Shares Outstanding384.08M

Financial Position

As of June 30, 2026, New Found Gold Corp maintains a current ratio of 5.36, meaning it holds 5.4x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 13.37, indicating elevated leverage, while an interest coverage ratio of -58.86 demonstrates limited ability to service its debt obligations.

Current Ratio5.36
Quick Ratio4.96
Debt / Equity13.37
Debt / EBITDA-0.88
Interest Coverage-58.86

Financial Efficiency

CAD

Over the twelve months ended June 30, 2026, New Found Gold Corp posted a negative return on equity (ROE) of -19.41, meaning shareholder capital produced losses rather than profits. Return on assets (ROA) is negative at -14.23, reflecting losses generated across the asset base. The company generates approximately 264,008.15 in revenue per employee across its workforce of 119.00, a quick read on workforce productivity versus industry peers.

Return on Equity (ROE)-19.41
Return on Assets (ROA)-14.23
Revenue Per Employee264,008.15
Employee Count119.00

Taxes

CAD

Over the twelve months ended June 30, 2026, New Found Gold Corp recorded 741,176.00 in income tax expense. The company reported a pretax loss of -57.91M and -58.26M in bottom-line net income, so the effective tax rate carries little signal until profitability returns.

Income Tax741,176.00

Income Statement

CAD

Over the twelve months ended June 30, 2026, New Found Gold Corp generated 31.42M in revenue and converted that into -58.26M in net income, yielding earnings per share of -0.21. EBITDA reached -76.87M, while operating income came in at -73.19M.

Revenue31.42M
Gross Profit3.88M
Operating Income-73.19M
Pretax Income-57.91M
Net Income-58.26M
EBITDA-76.87M
EBIT-77.97M
Earnings Per Share (EPS)-0.21

Balance Sheet

CAD

As of June 30, 2026, New Found Gold Corp holds 203.16M in cash and equivalents against 67.94M in total debt, resulting in a net debt position of -126.78M. Total book value stands at 508.01M, with working capital of 187.18M providing operational flexibility.

Cash & Cash Equivalents203.16M
Total Debt67.94M
Net Debt-126.78M
Equity (Book Value)508.01M
Book Value Per Share1.32
Working Capital187.18M

Cash Flow

CAD

New Found Gold Corp produced -60.98M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -22.42M in capital expenditures, free cash flow totaled -83.40M - equivalent to -0.30 per share.

Operating Cash Flow-60.98M
Capital Expenditures-22.42M
Free Cash Flow-83.40M
FCF Per Share-0.30

Margins

Over the twelve months ended June 30, 2026, New Found Gold Corp posted a gross margin of 12.35, reflecting its pricing power and cost economics. The operating margin of -232.95 and net profit margin of -185.44 provide insight into operational efficiency.

Gross Margin12.35
Operating Margin-232.95
Pretax Margin-184.33
Profit Margin-185.44
EBITDA Margin-244.68