Fundamentals Hub
▼ FY 2025 Summary Analysis
Annual report ending Dec 31, 2025Overview and Growth
VISTA GOLD CORP generated $0.00 of revenue in fiscal 2025, with net loss of $7.50M and an operating cash outflow of $6.61M. Diluted earnings per share were -$0.06, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $0.09 in fiscal 2024, the current result was 166.7% lower. A diluted share base of 125.16M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Compared with 125.61M diluted shares in fiscal 2024, the current 125.16M base was 0.4% lower. The company employed $16.27M of total assets, the balance-sheet base supporting its current operating and cash-flow results.Profitability
The reported operating result was an operating loss of $9.29M, reflecting costs that exceeded gross profit. The company ended the period with a net loss of $7.50M, extending the operating result through all remaining items. Negative EBITDA totaled $9.20M, confirming that the earnings deficit remained before depreciation and amortization. The company reported a pretax loss of $7.50M, before the effect of income taxes. Relative to period-end equity, the net loss represented 49.6%. Relative to total assets, the net loss represented 46.1%. A $7.50M net loss replaced fiscal 2024 net income of $11.25M.Liquidity and Capital Structure
Total assets were $16.27M, supported by $1.17M of liabilities and $15.11M of shareholder equity. Current assets were $14.15M against $1.09M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 12.97x, leaving a positive buffer for near-term obligations. The company held $13.62M in cash and equivalents, a narrower liquidity measure than total current assets. The equity-to-assets relationship was 92.8%, placing book capital against the total resource base. The liabilities-to-assets relationship was 7.2%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 83.7% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 14.2% from $18.97M in fiscal 2024, leaving current total assets lower year over year. Book equity was 15.6% lower than fiscal 2024 equity of $17.91M, showing how shareholder capital changed year over year. The reported cash balance changed 19.6% from $16.95M in fiscal 2024, ending lower year over year.Cash Flow and Earnings Quality
Cash flow from operations was an outflow of $6.61M, showing that operations absorbed cash during the period. The company spent $592.00K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Negative free cash flow was $7.21M, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 44.3% of total assets, placing the cash shortfall against the company’s resource base. Compared with a $5.74M operating cash outflow in fiscal 2024, the current outflow increased to $6.61M.
Based on the annual report for the fiscal year ending Dec 31, 2025.
Analysis generated .