Greenfire Resources Ltd.
GFR NYSE Crude Petroleum & Natural Gas Financials FY2021–FY2025
Last close · Oct 23, 2026
$6.98
4.6%What Greenfire Resources Ltd. does
No business description yet.
- Legal name
- Greenfire Resources Ltd.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 40-F · Mar 13, 2026
- Accession · CIK
- 0001213900-26-027268
0001966287
Revenue and margins
Greenfire Resources Ltd. had $418M of revenue in fiscal 2025, down 27.6% on the year before.
Net income and earnings per share
From fiscal 2021 to 2025, diluted EPS grew −54.5% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $17.7M in fiscal 2025, 4.2% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Greenfire Resources Ltd. returned — to shareholders in fiscal 2025. The diluted share count rose 1.3%.
Balance sheet
Cash, debt and the ratios that show how comfortably Greenfire Resources Ltd. can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $47.9M | $26.1M | $82.7M | $46.9M | $30.7M |
| Debt incl. finance leases | — | $188M | $284M | $229M | — |
| Debt / equity | — | 0.3x | 0.5x | 0.4x | — |
| Current ratio | — | 0.9x | 1.3x | 0.4x | 1.6x |
| Quick ratio | — | 0.8x | 1.2x | 0.4x | 1.3x |
| Total assets | — | $867M | $886M | $874M | $939M |
| Total liabilities | — | $249M | $361M | $303M | $86.6M |
| Shareholders' equity | — | $619M | $525M | $571M | $852M |
| Net debt (− = net cash) | — | $162M | $201M | $182M | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✕ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✕ | ✓ | ✕ |
| Cash from operations exceeds net income | ✕ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | ✕ | ✓ | — |
| Current ratio rose | — | — | ✓ | ✕ | ✓ |
| Share count didn't rise | — | ✕ | ✓ | ✓ | ✕ |
| Gross margin rose | — | ✓ | ✓ | ✕ | ✓ |
| Revenue rose relative to assets | — | — | ✕ | ✓ | ✕ |
| F-score | — / 3 | — / 5 | 5 / 9 | 7 / 9 | 5 / 8 |
| Accruals ratio | — | −2.9% | −18.8% | −1.9% | −7.0% |
| Altman Z'' | — | — | — | — | — |
5 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $208M | $729M | $483M | $577M | $418M |
| Gross profit | $177M | $635M | $495M | $557M | $448M |
| Interest expense | $20.0M | $59.2M | $81.7M | $34.2M | $29.3M |
| Pretax income | $528M | $33.8M | −$86.2M | $26.7M | $39.6M |
| Income tax | — | −$67.4M | $14.4M | −$62.0M | $5.6M |
| Net income | $528M | $101M | −$101M | $88.6M | $34.0M |
| Diluted EPS | $10.97 | $1.44 | −$1.84 | $1.24 | $0.47 |
| Diluted shares | 0.05B | 0.07B | 0.05B | 0.00B | 0.00B |
| Cash flow | |||||
| Cash from operations | $25.5M | $127M | $64.1M | $106M | $97.6M |
| Capital expenditure | $3.7M | $30.4M | $24.8M | $63.8M | $79.9M |
| Free cash flow | $21.9M | $96.1M | $39.4M | $41.7M | $17.7M |
| Depreciation and amortization | $21.6M | $52.3M | $50.4M | $59.2M | $59.8M |
| Stock-based compensation | — | $0.9M | $7.3M | $4.6M | $2.1M |
| Dividends paid | — | — | $44.0M | — | — |
| Dividends and buybacks | — | — | $44.0M | — | — |
| Balance sheet | |||||
| Cash and short-term investments | $47.9M | $26.1M | $82.7M | $46.9M | $30.7M |
| Total debt | — | $188M | $284M | $229M | — |
| Current assets | — | $91.2M | $124M | $100M | $109M |
| Current liabilities | — | $101M | $98.3M | $233M | $70.0M |
| Inventory | — | $10.8M | $10.5M | $10.4M | $15.0M |
| Property and equipment, net | — | $711M | $710M | $667M | $723M |
| Total assets | — | $867M | $886M | $874M | $939M |
| Total liabilities | — | $249M | $361M | $303M | $86.6M |
| Shareholders' equity | — | $619M | $525M | $571M | $852M |
| Margins | |||||
| Gross margin | 85.0% | 87.2% | 102.5% | 96.5% | 107.3% |
| Net margin | 253.3% | 13.9% | −20.8% | 15.4% | 8.1% |
| FCF margin | 10.5% | 13.2% | 8.1% | 7.2% | 4.2% |
| Returns | |||||
| Return on equity | — | 16.3% | −17.6% | 16.2% | 4.8% |
| Return on assets | — | 11.7% | −11.5% | 10.1% | 3.7% |
| Return on tangible equity | — | 16.3% | −19.2% | 15.5% | 4.0% |
| Growth | |||||
| Revenue growth | — | 249.9% | −33.7% | 19.5% | −27.6% |
| Net income growth | — | −80.8% | −199.4% | — | −61.7% |
| EPS growth | — | −86.8% | −227.8% | — | −62.0% |
| FCF growth | — | 339.9% | −59.1% | 6.0% | −57.7% |
| Share count change | — | 45.4% | −22.2% | −99.9% | 1.3% |
| Financial health | |||||
| Debt / equity | — | 0.3x | 0.5x | 0.4x | — |
| Current ratio | — | 0.9x | 1.3x | 0.4x | 1.6x |
| Quick ratio | — | 0.8x | 1.2x | 0.4x | 1.3x |
| Capital allocation | |||||
| Capex / revenue | 1.8% | 4.2% | 5.1% | 11.1% | 19.1% |
| Stock comp / revenue | — | 0.1% | 1.5% | 0.8% | 0.5% |
| Payouts / FCF | — | — | 111.8% | — | — |
| Quality scores | |||||
| Piotroski F-score | — | — | 5.0 | 7.0 | 5.0 |
| Accruals ratio | — | −2.9% | −18.8% | −1.9% | −7.0% |
Source: SEC EDGAR XBRL filings (CIK 0001966287). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in CAD under IFRS and converted to US$: 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.