Osisko Gold Group Inc.

OGG NYSE Gold And Silver Ores Financials FY2021–FY2025

Last close · Oct 23, 2026

$2.35

1.7%

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Revenue

$25.4M

662.3% vs prior year

Operating margin

−230.4%

1,137.8 pts

Net income

−$121M

Free cash flow

−$86.4M

Return on capital

−15.6%

5.5 pts

Market cap

$419M

Oct 23 close

P/E

—

On −$0.68 EPS (TTM)

What Osisko Gold Group Inc. does

No business description yet.

Legal name: Osisko Gold Group Inc.
Fiscal year ends: December 31, 2025
Latest annual report: 40-F · Mar 30, 2026
Accession · CIK: 0001104659-26-036344
0001431852

Revenue and margins

Osisko Gold Group Inc. had $25.4M of revenue in fiscal 2025, up 662.3% on the year before.

Revenue

FY21

Revenue $6.1M

FY22

Revenue $49.2M

FY23

Revenue $23.4M

FY24

Revenue $3.3M

FY25

Revenue $25.4M

Margins, % of revenue

FY21

Gross 0.0%

Operating −2,054.1%

Net −1,740.0%

FCF −1,161.1%

FY22

Gross 11.6%

Operating −365.8%

Net −300.5%

FCF −124.4%

FY23

Gross −2.1%

Operating −662.3%

Net −575.1%

FCF −193.9%

FY24

Gross −4.8%

Operating −1,368.2%

Net −1,893.5%

FCF −1,943.2%

FY25

Gross 60.9%

Operating −230.4%

Net −476.4%

FCF −340.7%

Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income

FY21

Net income −$106M

FY22

Net income −$148M

FY23

Net income −$135M

FY24

Net income −$63.0M

FY25

Net income −$121M

Diluted EPS

FY21

Diluted EPS −$2.42

FY22

Diluted EPS −$2.32

FY23

Diluted EPS −$1.64

FY24

Diluted EPS −$0.67

FY25

Diluted EPS −$0.68

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)

FY21

Return on capital −22.7%

Return on equity −23.1%

Return on assets −19.2%

FY22

Return on capital −30.0%

Return on equity −29.6%

Return on assets −23.3%

FY23

Return on capital −29.0%

Return on equity −27.5%

Return on assets −20.9%

FY24

Return on capital −10.1%

Return on equity −15.0%

Return on assets −10.8%

FY25

Return on capital −15.6%

Return on equity −27.0%

Return on assets −15.9%

Return on capital Return on equity Return on assets

Cash flow

Free cash flow was −$86.4M in fiscal 2025, −340.7% of revenue. Cash from operations minus capital spending.

Free cash flow

FY21

Free cash flow −$71.0M

FY22

Free cash flow −$61.2M

FY23

Free cash flow −$45.4M

FY24

Free cash flow −$64.7M

FY25

Free cash flow −$86.4M

Cash from operations vs capital spending

FY21

Cash from operations −$33.0M

Capital spending $37.9M

FY22

Cash from operations −$38.6M

Capital spending $22.6M

FY23

Cash from operations −$32.4M

Capital spending $13.0M

FY24

Cash from operations −$38.2M

Capital spending $26.5M

FY25

Cash from operations −$17.9M

Capital spending $68.6M

Cash from operations Capital spending

Dividends, buybacks and share count

Osisko Gold Group Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 89.9%.

Dividends and buybacks

FY21

Dividends —

Buybacks —

FY22

Dividends —

Buybacks —

FY23

Dividends —

Buybacks —

FY24

Dividends —

Buybacks —

FY25

Dividends —

Buybacks —

Dividends Buybacks

Diluted shares outstanding (annual)

FY21

Diluted shares 0.04B

FY22

Diluted shares 0.06B

FY23

Diluted shares 0.08B

FY24

Diluted shares 0.09B

FY25

Diluted shares 0.18B

Balance sheet

Cash, debt and the ratios that show how comfortably Osisko Gold Group Inc. can carry it.

Cash vs debt (incl. leases)

FY21

Cash $26.3M

Debt $3.0M

FY22

Cash $78.3M

Debt $12.5M

FY23

Cash $32.8M

Debt $14.0M

FY24

Cash $74.1M

Debt $32.4M

FY25

Cash $308M

Debt $106M

Cash Debt

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Cash and short-term investments	$26.3M	$78.3M	$32.8M	$74.1M	$308M
Debt incl. finance leases	$3.0M	$12.5M	$14.0M	$32.4M	$106M
Debt / equity	0.0x	0.0x	0.0x	0.1x	0.2x
Interest coverage	—	−40.7x	−15.7x	−7.1x	−12.2x
Current ratio	1.5x	2.8x	1.2x	0.9x	1.4x
Quick ratio	1.0x	2.4x	1.1x	0.8x	1.4x
Total assets	$553M	$715M	$576M	$596M	$922M
Total liabilities	$93.6M	$176M	$135M	$199M	$423M
Shareholders' equity	$460M	$540M	$442M	$397M	$499M
Net debt (− = net cash)	−$23.3M	−$65.8M	−$18.8M	−$41.7M	−$203M

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	4 / 9	1 / 9	2 / 9	4 / 9
Accruals ratio	−13.2%	−17.2%	−15.8%	−4.2%	−13.6%
Altman Z''	3.15	1.06	−0.46	−0.86	−0.40

5 years of figures

Amounts in USD. Hover a ratio’s name for its definition.

Download CSV

Fiscal year	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	$6.1M	$49.2M	$23.4M	$3.3M	$25.4M
Net interest income	$0.6M	$1.4M	$3.6M	$2.7M	$6.3M
Gross profit	$0.0M	$5.7M	−$0.5M	−$0.2M	$15.5M
Operating income	−$126M	−$180M	−$155M	−$45.5M	−$58.5M
Interest expense	—	$4.4M	$9.9M	$6.4M	$4.8M
Pretax income	−$117M	−$147M	−$151M	−$62.6M	—
Income tax	−$10.3M	$1.3M	−$16.7M	$0.5M	−$0.0M
Net income	−$106M	−$148M	−$135M	−$63.0M	−$121M
Diluted EPS	−$2.42	−$2.32	−$1.64	−$0.67	−$0.68
Diluted shares	0.04B	0.06B	0.08B	0.09B	0.18B
Cash flow
Cash from operations	−$33.0M	−$38.6M	−$32.4M	−$38.2M	−$17.9M
Capital expenditure	$37.9M	$22.6M	$13.0M	$26.5M	$68.6M
Free cash flow	−$71.0M	−$61.2M	−$45.4M	−$64.7M	−$86.4M
Stock-based compensation	$3.2M	$5.7M	$5.8M	$2.5M	$2.9M
Balance sheet
Cash and short-term investments	$26.3M	$78.3M	$32.8M	$74.1M	$308M
Total debt	$3.0M	$12.5M	$14.0M	$32.4M	$106M
Current assets	$48.3M	$104M	$51.1M	$85.7M	$350M
Current liabilities	$32.9M	$37.7M	$43.3M	$100M	$242M
Inventory	$14.6M	$13.0M	$5.4M	$6.0M	$5.7M
Property and equipment, net	$65.9M	$82.5M	$73.4M	$60.6M	—
Total assets	$553M	$715M	$576M	$596M	$922M
Total liabilities	$93.6M	$176M	$135M	$199M	$423M
Shareholders' equity	$460M	$540M	$442M	$397M	$499M
Margins
Gross margin	0.0%	11.6%	−2.1%	−4.8%	60.9%
Operating margin	−2,054.1%	−365.8%	−662.3%	−1,368.2%	−230.4%
Net margin	−1,740.0%	−300.5%	−575.1%	−1,893.5%	−476.4%
FCF margin	−1,161.1%	−124.4%	−193.9%	−1,943.2%	−340.7%
Net interest share of revenue	10.1%	2.8%	15.3%	81.9%	24.9%
Returns
Return on capital	−22.7%	−30.0%	−29.0%	−10.1%	−15.6%
Return on capital employed	−24.1%	−26.6%	−29.1%	−9.2%	−8.6%
Return on equity	−23.1%	−29.6%	−27.5%	−15.0%	−27.0%
Return on assets	−19.2%	−23.3%	−20.9%	−10.8%	−15.9%
Return on tangible equity	−23.1%	−27.4%	−30.5%	−15.9%	−24.2%
Growth
Revenue growth	—	705.0%	−52.4%	−85.8%	662.3%
Share count change	—	44.8%	29.3%	13.8%	89.9%
Financial health
Debt / equity	0.0x	0.0x	0.0x	0.1x	0.2x
Interest coverage	—	−40.7x	−15.7x	−7.1x	−12.2x
Current ratio	1.5x	2.8x	1.2x	0.9x	1.4x
Quick ratio	1.0x	2.4x	1.1x	0.8x	1.4x
Capital allocation
Capex / revenue	620.5%	45.9%	55.4%	796.1%	270.2%
Stock comp / revenue	53.1%	11.6%	24.8%	74.9%	11.3%
Quality scores
Piotroski F-score	—	4.0	1.0	2.0	4.0
Altman Z''	3.2	1.1	−0.5	−0.9	−0.4
Accruals ratio	−13.2%	−17.2%	−15.8%	−4.2%	−13.6%

Source: SEC EDGAR XBRL filings (CIK 0001431852). 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.