Galiano Gold (GAU) financial statements
Galiano Gold reported revenue of $448M in fiscal 2025, up 10.3% a year over 9 years.
Net income was -$29M and the operating margin 8.2%, against 7.1% in 2016.
Free cash flow was $43M.
The diluted share count rose 30% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Galiano Gold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $185M | $256M | $162M | — | — | — | — | $0 | $231M | $448M |
| Cost of revenue | $142M | $194M | $129M | — | — | — | — | $0 | $153M | $262M |
| Gross profit | $44M | $63M | $33M | — | — | — | — | $0 | $55M | $66M |
| Selling, general and admin | $13M | $13M | $12M | $12M | $15M | $13M | $11M | $15M | $20M | $25M |
| Operating income | $13M | $48M | $20M | -$133M | $49M | -$61M | $39M | $20M | $20M | $37M |
| Interest expense | $14M | $18M | $11M | $36M | $45,000 | $925,000 | $6M | $23,000 | $15M | $18M |
| Pre-tax income | -$2M | $30M | -$129M | -$168M | $57M | -$69M | $41M | $26M | $9M | $30M |
| Income tax | $11M | $24M | $13M | $0 | $0 | $0 | $0 | $0 | $0 | $61M |
| Net income | -$13M | $6M | -$141M | -$168M | $57M | -$69M | $41M | $26M | $6M | -$29M |
| EPS (diluted) | -$0.07 | $0.03 | -$0.64 | -$0.74 | $0.26 | -$0.31 | $0.18 | $0.12 | $0.02 | -$0.11 |
| Diluted shares | 199M | 204M | 220M | 226M | 225M | 225M | 225M | 225M | 256M | 258M |
| Gross margin | 23.5% | 24.4% | 20.3% | — | — | — | — | — | 23.7% | 14.7% |
| Operating margin | 7.1% | 18.7% | 12.2% | — | — | — | — | — | 8.9% | 8.2% |
| Net margin | -7.1% | 2.3% | -87.3% | — | — | — | — | — | 2.6% | -6.5% |
Balance sheet
Fiscal years, from Galiano Gold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $60M | $49M | $10M | $31M | $62M | $54M | $56M | $55M | $106M | $108M |
| Receivables | $1M | $2M | $236,000 | $161,000 | $186,000 | $55,000 | $54,000 | $29,000 | — | — |
| Inventory | $32M | $34M | — | — | — | — | — | $0 | $43M | $71M |
| Total current assets | $120M | $94M | $13M | $36M | $66M | $62M | $59M | $57M | $166M | $202M |
| Property, plant and equipment | $528M | $598M | $114,000 | $90,000 | $106,000 | $93,000 | $55,000 | $225,000 | $329M | $389M |
| Total assets | $663M | $709M | $313M | $145M | $204M | $136M | $180M | $213M | $500M | $599M |
| Total current liabilities | $47M | $84M | $3M | $2M | $4M | $3M | $6M | $12M | $111M | $221M |
| Long-term debt | $152M | $119M | — | — | — | — | — | — | — | — |
| Total liabilities | $246M | $276M | $4M | $3M | $5M | $3M | $6M | $12M | $253M | $377M |
| Shareholders' equity | $416M | $432M | $309M | $141M | $199M | $133M | $174M | $201M | $243M | $219M |
| Net debt | $92M | $70M | -$10M | -$31M | -$62M | -$54M | -$56M | -$55M | -$106M | -$108M |
Cash flow
Fiscal years, from Galiano Gold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $55M | $123M | $33M | -$9M | -$6M | -$13M | $2M | -$4M | $56M | $158M |
| Capital spending | $132M | $124M | $54M | $39,000 | $76,000 | $31,000 | $4,000 | $35,000 | $67M | $115M |
| Free cash flow | -$77M | -$577,000 | -$20M | -$9M | -$6M | -$13M | $2M | -$4M | -$11M | $43M |
| Stock-based compensation | $983,000 | $3M | $2M | $2M | $2M | $3M | $2M | $6M | $7M | $10M |
| Share buybacks (net) | — | — | — | -$958,000 | -$2M | $0 | — | — | — | — |
| Net borrowing | — | — | -$164M | — | — | — | — | — | — | — |
| Free cash flow margin | -41.8% | -0.2% | -12.7% | — | — | — | — | — | -4.8% | 9.6% |
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Open GAU in InvestinglyQuestions
What was Galiano Gold's revenue in 2025?
$448M in fiscal 2025, from its 10-K filing.
How much free cash flow does Galiano Gold generate?
$43M in fiscal 2025 (operating cash flow minus capital spending).
From Galiano Gold's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.