New Found Gold (NFGC) Financial Statements & Analysis

New Found Gold (NFGC) Income Statement

New Found Gold reported revenue of CAD 5.81M in fiscal 2025 (fiscal year ended Dec 31, 2025). New Found Gold posted a net loss of CAD 47.57M, compared with a net loss of CAD 50.27M a year earlier. Gross margin was 2.0% and operating margin -1019.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CAD 15.72M.

New Found Gold Income Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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New Found Gold Corp. income statement - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	5.81	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Cost of Revenue	5.69	0.81	0.94	0.88	0.58	0.13	-	0.01	0.00
Gross Profit	0.12	-0.81	-0.94	-0.88	-0.58	-0.13	-	-0.01	0.00
Operating Expenses
Research & Development	0.00	0.71	1.27	1.15	0.00	0.00	-	0.00	0.00
Selling, General & Administrative	17.94	7.75	5.56	7.28	13.81	30.11	30.11	3.26	2.66
Operating Expenses	59.32	60.32	103.11	88.72	56.08	38.22	38.42	3.91	2.66
Operating Income	-59.20	-60.32	-104.05	-88.72	-56.66	-38.35	-38.42	-3.93	-2.66
Other Income/Expense
Interest Income	1.42	2.87	2.79	1.22	0.12	0.06	0.06	0.00	0.02
Interest Expense	0.11	0.03	0.03	-0.02	0.01	0.00	0.00	0.00	0.00
Other Income/Expense	9.93	7.20	21.40	-1.27	6.02	5.81	1.68	-0.09	1.32
Income
Income Before Tax	-47.97	-50.27	-79.89	-89.99	-50.64	-32.53	-32.31	-4.02	-1.34
Income Tax Expense	-0.39	0.93	-0.58	19.64	6.63	1.78	-	-0.16	0.00
Net Income	-47.57	-50.27	-79.89	-89.99	-57.27	-34.31	-32.53	-4.02	-1.34
Net Income - Continuous Operations	-47.57	-50.27	-79.89	-89.99	-57.27	-34.31	-	-4.02	-1.34
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-47.03	-49.43	-78.92	-87.30	-50.05	-38.29	-38.22	-4.01	-1.34
EBIT	-47.85	-50.24	-79.86	-88.07	-56.43	-	-38.35	-	-
Depreciation & Amortization	0.83	0.81	0.94	0.78	0.58	0.13	0.27	0.01	0.00
Earnings Per Share
Basic EPS	-	-	-	-1.00	-	-	-	-	-
Diluted EPS	-	-	-	-1.00	-	-	-	-	-
Basic Shares Outstanding	234.64	194.03	178.36	166.86	154.95	112.66	112.66	44.60	44.60
Diluted Shares Outstanding	234.64	194.03	178.36	166.86	154.95	112.66	112.66	44.60	44.60

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About New Found Gold Financial Statements

What was New Found Gold's revenue in fiscal 2025?

New Found Gold reported revenue of CAD 5.81M in fiscal 2025 (fiscal year ended Dec 31, 2025).

Is New Found Gold profitable?

No. New Found Gold reported a net loss of CAD 47.57M in fiscal 2025. In fiscal 2024 it lost CAD 50.27M.

What is New Found Gold's operating margin?

New Found Gold's operating income was −CAD 59.20M on revenue of CAD 5.81M in fiscal 2025, an operating margin of -1019.5%.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition