Overview of QQ2 2025 financials and sequential/YoY context:
- Revenue: Not reported (null) in QQ2 2025; 4-quarter trailing data indicates nil to negligible topline activity for a predevelopment miner.
- Operating Income: -$35,548, a loss reflecting high fixed exploration/SG&A costs at the predevelopment stage.
- Net Income: -$49,461 for QQ2 2025, with earnings per share (EPS) of -$0.0005.
- EBITDA: -$35,548; no depreciation/amortization data captured for this period.
- Cash Flow: Operating cash flow -$76,578; free cash flow -$64,578; investing/financing activity mix shows $69,000 from financing and $12,000 capex in the period, net change in cash -$7,578; cash balance end of period $6,822.
- Balance Sheet: Total assets $699,251; total liabilities $905,518; cash/cash equivalents $6,822; current liabilities $309,018; short-term debt $150,000; total debt $150,000; negative stockholders’ equity at -$206,267; “otherNonCurrentAssets” $691,567 supporting an asset-heavy but liquidity-challenged profile; current ratio 0.0249 and quick ratio 0.0249 indicate extreme liquidity constraints.
- Key Ratios Snapshot (derived from provided data): return on assets negative (-7.07%), return on equity positive signal in some ratios due to capital structure but negative equity obscures true health; price-to-book and enterprise value multiples are negative, reflecting the negative book value and lack of earnings power.
- Per-share metrics: Weighted average shares outstanding 97,290,810; EPS -0.0005.
Notes on comparables: Sector peers in the provided dataset (e.g., DYNR, FSTTF, THMG, PGOL, etc.) display a wide dispersion of liquidity and profitability metrics. Star Gold’s QQ2 2025 profile is characterized by the combination of zero reported revenue, a meaningful operating loss, and a heavily leveraged balance sheet with constrained liquidity, which is more acute than several peers that still show some operating margins or cash flow generation. The lack of revenue makes traditional margin-based comparisons less informative; instead liquidity, capital structure, and the ability to fund ongoing exploration are primary drivers of investment risk and potential return.