USAU (USAU) financial statements
Net income was -$17M.
Free cash flow was -$18M.
The diluted share count rose 53% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from USAU's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17M | — | — | — | — | — | — | — | — | — |
| Cost of revenue | $19M | — | — | — | — | — | — | — | — | — |
| Gross profit | -$2M | — | — | — | — | — | — | — | — | — |
| Selling, general and admin | $5M | $706,760 | $576,227 | $661,442 | $947,513 | $1M | $2M | $1M | $4M | $5M |
| Operating income | -$4M | -$8M | -$8M | -$6M | -$12M | -$15M | -$9M | -$7M | -$13M | -$19M |
| Pre-tax income | -$4M | -$8M | -$8M | -$6M | -$12M | -$14M | -$8M | -$7M | -$21M | -$17M |
| Income tax | — | -$435,345 | $435,345 | $438,145 | — | — | — | — | — | — |
| Net income | -$4M | -$14M | -$8M | -$5M | -$12M | -$14M | -$8M | -$7M | -$21M | -$17M |
| EPS (diluted) | -$0.42 | -$1.14 | -$4.36 | -$3.17 | -$3.80 | -$1.92 | -$0.90 | -$0.74 | -$1.80 | -$1.15 |
| Diluted shares | 10M | 13M | 2M | 2M | 5M | 7M | 8M | 9M | 11M | 15M |
| Gross margin | -10.2% | — | — | — | — | — | — | — | — | — |
| Operating margin | -23.8% | — | — | — | — | — | — | — | — | — |
| Net margin | -23.8% | — | — | — | — | — | — | — | — | — |
Balance sheet
Fiscal years, from USAU's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $7M | $8M | $2M | $3M | $14M | $9M | $8M | $6M | $8M | $31M |
| Inventory | $945,000 | — | — | — | — | — | — | — | — | — |
| Total current assets | $7M | $8M | $3M | $3M | $14M | $10M | $8M | $7M | $9M | $32M |
| Property, plant and equipment | $16,000 | — | $74,929 | $133,371 | $172,222 | $349,917 | $490,925 | $458,107 | $431,875 | $2M |
| Goodwill | $1M | — | — | — | — | — | — | — | — | — |
| Total assets | $11M | $13M | $7M | $10M | $31M | $28M | $24M | $23M | $25M | $50M |
| Total current liabilities | $180,481 | $286,081 | $160,209 | $157,840 | $619,038 | $1M | $378,798 | $452,790 | $879,953 | $619,527 |
| Total liabilities | $180,481 | $286,081 | $248,955 | $326,232 | $823,653 | $4M | $5M | $5M | $13M | $1M |
| Shareholders' equity | $11M | $13M | $7M | $10M | $30M | $23M | $19M | $17M | $12M | $49M |
| Net debt | -$7M | -$8M | -$2M | -$3M | -$14M | -$9M | -$8M | -$6M | -$8M | -$31M |
Cash flow
Fiscal years, from USAU's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3M | -$7M | -$6M | -$4M | -$9M | -$13M | -$9M | -$7M | -$10M | -$18M |
| Capital spending | — | — | — | — | $42,991 | $178,972 | $177,513 | — | $6,158 | $3,331 |
| Free cash flow | — | — | — | — | -$9M | -$13M | -$9M | — | -$10M | -$18M |
| Stock-based compensation | $912,500 | $1M | $2M | $1M | $4M | $2M | $1M | $593,556 | $2M | $1M |
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How much free cash flow does USAU generate?
-$18M in fiscal 2026 (operating cash flow minus capital spending).
From USAU's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.