Dakota Gold (DC) financial statements
Net income was -$30M.
Free cash flow was -$26M.
The diluted share count rose 370% over the period (dilution).
Income statement
Fiscal years, from Dakota Gold's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Selling, general and admin | $2M | $24M | $10M | $11M | $10M |
| Operating income | -$2M | -$31M | -$38M | -$34M | -$31M |
| Interest expense | — | $0 | $0 | $137,483 | — |
| Pre-tax income | $25M | -$31M | -$38M | -$34M | -$30M |
| Income tax | — | -$6M | -$1M | -$7,835 | -$62,999 |
| Net income | $26M | -$13M | -$36M | -$34M | -$30M |
| EPS (diluted) | $1.12 | -$0.35 | -$0.47 | -$0.37 | -$0.27 |
| Diluted shares | 23M | 36M | 78M | 91M | 109M |
Balance sheet
Fiscal years, from Dakota Gold's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $11M | $41M | $26M | $9M | $30M |
| Receivables | $0 | $94,807 | — | — | — |
| Total current assets | $12M | $42M | $26M | $10M | $30M |
| Property, plant and equipment | $870,744 | $1M | $2M | $2M | — |
| Total assets | $71M | $120M | $108M | $95M | $116M |
| Total current liabilities | $2M | $3M | $4M | $3M | $3M |
| Total liabilities | $12M | $6M | $5M | $3M | $3M |
| Shareholders' equity | $38M | $114M | $104M | $92M | $113M |
| Net debt | -$11M | -$41M | -$26M | -$9M | -$30M |
Cash flow
Fiscal years, from Dakota Gold's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$2M | -$10M | -$31M | -$31M | -$25M |
| Capital spending | $879,249 | $492,272 | $1M | $143,387 | $196,445 |
| Free cash flow | -$3M | -$10M | -$32M | -$32M | -$26M |
| Stock-based compensation | — | — | — | $4M | $3M |
| Dividends paid | $4M | $0 | — | — | — |
| Dividends per share | $0.19 | — | — | — | — |
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Open DC in InvestinglyQuestions
How much free cash flow does Dakota Gold generate?
-$26M in fiscal 2025 (operating cash flow minus capital spending).
From Dakota Gold's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.