Financial health
- The company is unprofitable; at its current free-cash-flow burn it has roughly 1.9 years of cash runway.
VGZ Financials Vista Gold Corp
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0 | -$7M | — | — | -49.6% | -46.1% | -$7M | — | $14M |
| 2024 | $0 | $11M | — | — | 62.8% | 59.3% | -$6M | — | $17M |
| 2023 | $0 | -$7M | — | — | -133.0% | -73.7% | -$6M | — | $6M |
| 2022 | $0 | -$5M | — | — | -49.2% | -44.9% | -$7M | — | $8M |
| 2021 | $0 | -$15M | — | — | -106.6% | -93.2% | -$11M | — | $13M |
| 2020 | $0 | $420000 | — | — | 2.6% | 2.4% | -$7M | — | $8M |
| 2019 | $0 | -$9M | — | — | -74.2% | -56.3% | -$7M | — | $1M |
| 2018 | $0 | -$9M | — | — | -41.0% | -39.4% | -$9M | — | $1M |
| 2017 | $0 | -$12M | — | — | -41.4% | -38.6% | — | — | $1M |
| 2016 | — | -$3M | — | — | -7.7% | -7.5% | -$5M | — | $2M |
| 2015 | — | $1M | — | — | 3.7% | 3.6% | $3M | — | $902000 |
| 2014 | — | -$19M | — | — | -74.9% | -72.5% | -$7M | — | $4M |
| 2013 | — | -$59M | — | — | -138.3% | -112.0% | — | — | $5M |
| 2013 | — | -$152M | — | — | -297.4% | -209.8% | — | — | $4M |
| 2013 | — | -$149M | — | — | -277.8% | -197.8% | — | — | $9M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $0 | -$3M | — | — | -5.8% | -5.7% | — | — | $50M |
| Mar '26 | $0 | -$3M | — | — | -5.9% | -5.7% | — | — | $53M |
| Dec '25 | $0 | -$2M | — | — | -11.3% | -10.5% | -$2M | — | $14M |
| Sep '25 | $0 | -$723000 | — | — | -4.9% | -4.6% | -$862000 | — | $14M |
| Jun '25 | $0 | -$2M | — | — | -17.0% | -15.5% | -$2M | — | $13M |
| Mar '25 | $0 | -$3M | — | — | -17.4% | -15.9% | -$2M | — | $15M |
| Dec '24 | $0 | -$2M | — | — | -9.3% | -8.8% | -$2M | — | $17M |
| Sep '24 | $0 | -$2M | — | — | -8.6% | -8.1% | -$1M | — | $19M |
| Jun '24 | $0 | $16M | — | — | 77.6% | 74.5% | -$1M | — | $20M |
| Mar '24 | $0 | -$1M | — | — | -25.9% | -7.0% | -$1M | — | $12M |
| Dec '23 | $0 | -$2M | — | — | -33.5% | -18.5% | -$2M | — | $6M |
| Sep '23 | $0 | -$1M | — | — | -22.4% | -19.4% | — | — | $5M |
| Jun '23 | $0 | -$2M | — | — | -19.1% | -17.4% | — | — | $6M |
| Mar '23 | $0 | -$2M | — | — | -23.1% | -20.9% | — | — | $7M |
| Dec '22 | $0 | -$1M | — | — | -14.9% | -13.6% | -$2M | — | $8M |
| Sep '22 | $0 | -$2M | — | — | -15.1% | -13.9% | -$1M | — | $10M |
| Jun '22 | $0 | -$1M | — | — | -11.1% | -10.3% | -$2M | — | $11M |
| Mar '22 | $0 | -$320000 | — | — | -2.3% | -2.0% | -$2M | — | $12M |
| Dec '21 | $0 | -$8M | — | — | -58.2% | -50.9% | -$3M | — | $13M |
| Sep '21 | $0 | -$3M | — | — | -13.7% | -12.4% | -$3M | — | $16M |
Valuation over time
How the market has priced VGZ against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 7.1× (Dec '24) to 25.8× (Nov '25).
P/E
Frequently asked questions
Is VGZ growing its revenue and profit?
See the revenue and net-income charts above for Vista Gold Corp's multi-year trend.
How much debt does VGZ have?
As of FY2025, Vista Gold Corp reported — of total debt against $14M of cash.
What is VGZ's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is VGZ's P/E ratio?
As of Sep '26, Vista Gold Corp traded at a price-to-earnings ratio of about 25.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.