Foremost Clean Energy Ltd.
FMST Nasdaq· Miscellaneous Metal Ores
Last close · Nov 9, 2026
$0.83
Latest quarter · Q2 '25 results quarter ended Sep 30, 2024 · vs Q2 '24
| Line | Q2 '24 | Q2 '25 | Change (y/y) |
|---|---|---|---|
| Net income | −$1.3M | −$1.1M | — |
Key numbers, fiscal 2026
Market cap
$10.9M
P/E
—
Revenue
—
Net income
−$5.0M
Free cash flow
—
Operating margin
—
Foremost Clean Energy Ltd. in 30 seconds fiscal 2026
Does it make a profit?
−$5.0M
No. It lost money last year.
How long would its cash last?
0.8 yrs
Not long. It burns $5.5M a year and holds $4.6M, under a year at that pace, so it may need new money soon.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
2 / 7
Weak. It passes 2 of 7 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Foremost Clean Energy Ltd. does
No business description yet.
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 20-F · Jun 30, 2026
- Legal name
- Foremost Clean Energy Ltd.
- CIK
- 0001935418
Foremost Clean Energy Ltd. · FMST · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | — | — | $0.0M | — | — |
| Net income | −$3.3M | $0.7M | −$3.3M | −$2.6M | −$5.0M |
| Diluted EPS | −$1.01 | $0.18 | −$0.73 | −$0.35 | −$0.38 |
| Cash | |||||
| Cash from operations | −$1.1M | −$1.9M | −$2.8M | −$2.7M | −$5.5M |
| Share count change | — | 20.0% | 14.9% | 66.3% | 74.4% |
| Debt and strength | |||||
| Cash and short-term investments | $0.2M | $0.4M | $0.7M | $3.5M | $4.6M |
| Debt incl. finance leases | $0.0M | $0.9M | $0.8M | $0.4M | $0.0M |
| Shareholders' equity | $5.4M | $7.7M | $9.7M | $17.1M | $25.5M |
| Current ratio | 0.4x | 0.3x | 0.4x | 1.7x | 1.8x |
| Interest coverage | −35.2x | −34.0x | −35.5x | −59.7x | −594.5x |
| Returns and quality | |||||
| Return on capital | −47.7% | −25.9% | −26.8% | −23.7% | −24.2% |
| Return on equity | −61.5% | 11.1% | −38.1% | −19.4% | −23.5% |
| Return on tangible equity | −61.5% | 9.4% | −34.1% | −15.2% | −19.6% |
| Piotroski F-score | — | 2 | 3 | 3 | 2 |
| Altman Z'' | −6.0 | −3.5 | −2.7 | 4.1 | 6.2 |
Insider trades 12 months
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Foremost Clean Energy Ltd. · FMST · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001935418). Latest version: stoqly.net/companies/fmst. Data updated November 9, 2026. Filed in CAD under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.