Trilogy Metals (TMQ) Cash Flow: Operating & Free Cash Flow

Trilogy Metals Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Trilogy Metals Inc. (TMQ) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017
Operating Activities
Net Income	-42.36	-8.59	-14.95	-24.26	-21.66	161.77	-27.91	-21.85	-21.10
Depreciation & Amortization	0.00	0.00	0.01	0.02	0.02	0.27	0.21	0.16	0.11
Deferred Income Tax	0.00	0.00	0.00	0.00	13.09	-172.87	0.00	0.00	0.00
Stock Based Compensation	0.00	3.52	3.89	3.43	3.47	3.56	3.85	1.44	0.71
Change in Working Capital	1.67	0.41	0.00	-0.57	-0.03	-0.80	0.36	-2.04	3.04
Change in Accounts Receivable	0.01	0.02	-0.02	0.00	0.11	0.14	-0.24	0.45	-0.42
Change in Accounts Payable	0.00	0.00	-0.06	-0.51	0.00	0.00	0.00	0.00	0.00
Change in Other Working Capital	1.66	0.39	0.00	0.10	-0.14	-0.93	0.60	-2.49	3.46
Other Operating Activities	37.43	2.83	7.87	0.10	-0.02	-0.19	0.00	0.22	1.84
Net Cash from Operating Activities	-3.26	-1.83	-3.09	-3.94	-5.12	-8.25	-23.49	-22.07	-15.41
Investing Activities
Capital Expenditures	0.00	0.00	0.00	0.00	-0.12	0.00	-0.65	-0.01	-0.30
Acquisitions	0.00	25.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Purchases of Investments	-1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.30	3.48
Other Investing Activities	0.00	0.00	0.00	0.14	0.00	0.00	10.20	10.44	10.37
Net Cash from Investing Activities	-1.00	25.00	0.00	0.14	-0.12	0.00	9.56	12.73	13.54
Financing Activities
Common Stock Issued	30.09	0.00	3.12	0.05	0.00	0.00	0.00	28.75	0.00
Common Stock Repurchased	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.09
Other Financing Activities	0.00	0.07	0.00	0.05	0.42	0.22	10.12	-1.81	-0.09
Net Cash from Financing Activities	30.09	0.07	3.12	0.05	0.42	0.22	10.12	26.95	-0.09
Summary
Effect of Forex Changes on Cash	-0.23	0.00	0.00	0.00	0.00	-0.02	0.00	0.00	0.01
Net Change in Cash	25.61	23.24	0.02	-3.74	-4.82	-8.05	-3.82	17.60	-1.95
Cash at Beginning of Period	25.89	2.59	2.57	6.31	11.13	19.17	22.99	5.39	7.34
Cash at End of Period	51.50	25.83	2.59	2.57	6.31	11.13	19.17	22.99	5.39
Free Cash Flow	-3.26	-1.83	-3.09	-3.94	-5.24	-8.25	-24.14	-22.08	-15.71

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About Trilogy Metals Cash Flow

What is Trilogy Metals's free cash flow?

Trilogy Metals had negative free cash flow of $3.26M in fiscal 2025 (fiscal year ended Nov 30, 2025).

Does Trilogy Metals pay dividends or buy back shares?

Trilogy Metals's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition