U.S. GoldMining (USGO) Cash Flow: Operating & Free Cash Flow

U.S. GoldMining 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 U.S. GoldMining Inc. (USGO) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Nov 2025	Dec 2024	Nov 2024	Dec 2023	Nov 2023	Nov 2022	Nov 2021	Nov 2020
Operating Activities
Net Income	-6.99	-6.99	-8.49	-8.49	-9.36	-9.36	-1.74	-0.70	-0.60
Depreciation & Amortization	0.15	0.15	0.13	0.13	0.05	0.03	0.02	0.02	0.11
Stock Based Compensation	0.86	0.86	0.33	0.33	0.23	0.42	0.07	0.05	0.06
Change in Working Capital	0.08	0.08	0.23	0.23	-0.01	-0.56	0.33	-0.01	0.00
Change in Accounts Receivable	-0.05	-0.05	0.15	0.15	-0.45	-0.05	-0.07	0.00	0.00
Change in Inventory	0.01	0.01	-0.01	-0.01	-0.03	-0.03	0.00	0.00	0.00
Change in Accounts Payable	0.04	0.04	0.07	0.07	-0.27	-0.27	0.47	0.00	0.00
Change in Other Working Capital	0.06	0.09	-0.03	0.03	-0.36	-0.22	0.02	-0.01	0.00
Other Operating Activities	0.06	0.06	0.03	0.04	0.01	0.03	0.02	0.00	0.00
Net Cash from Operating Activities	-5.84	-5.84	-7.75	-7.75	-2.37	-9.43	-1.32	-0.64	-0.43
Investing Activities
Capital Expenditures	-	0.00	-0.17	-0.17	-0.98	-0.98	0.00	0.00	0.00
Sales/Maturities of Investments	-	0.00	-	0.00	-	0.00	0.00	0.32	0.00
Net Cash from Investing Activities	-	0.00	-0.17	-0.17	-0.98	-0.98	0.00	0.32	0.00
Financing Activities
Debt Repayment	-	0.00	-	0.01	-1.68	0.00	0.18	0.00	0.00
Common Stock Issued	9.30	9.30	0.01	0.59	22.47	19.06	1.25	0.32	0.43
Common Stock Repurchased	-	0.00	-	0.00	-	0.00	-0.06	0.00	0.00
Other Financing Activities	-	0.00	-	0.00	0.05	2.79	1.28	0.00	0.00
Net Cash from Financing Activities	9.30	9.30	0.60	0.60	0.02	21.84	1.37	0.32	0.43
Summary
Net Change in Cash	3.45	3.45	-7.32	-7.32	-2.36	11.43	0.05	0.00	0.00
Cash at Beginning of Period	3.97	3.97	11.29	11.29	11.49	0.05	0.01	0.00	0.00
Cash at End of Period	7.42	7.42	3.97	3.97	11.29	11.49	0.05	0.01	0.00
Free Cash Flow	-5.84	-5.84	-7.92	-7.92	-2.37	-10.41	-1.32	-0.64	-0.43

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

Frequently Asked Questions About U.S. GoldMining Cash Flow

What is U.S. GoldMining's free cash flow?

U.S. GoldMining had negative free cash flow of $5.84M in fiscal 2025 (fiscal year ended Dec 31, 2025).

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