Trilogy Metals Inc. (TMQ) Financial Statements
Industry: Gold and Silver Ores
In fiscal 2025, Trilogy Metals reported revenue of $0. Net income was -$42.2M, or -$0.26 per diluted share. Operating activities generated -$3.2M of cash. At fiscal year end, Trilogy Metals held $157.3M in total assets against $33.2M in total liabilities, including $51.6M of cash and equivalents.
Open the full interactive Trilogy Metals financials → Quarterly statements, key ratios, valuation history and price charts.
Trilogy Metals Key Stats
| Share Price | $2.64 |
|---|---|
| Market Cap | $456.1M |
| 52-Week Range | $2.64 – $10.60 |
| Shares Outstanding | 172.8 million (basic, 2026 Q3) |
Trilogy Metals Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of Goods Sold | — | — | — | $7.2M | $6.7M | $9.4M |
| Gross Profit | — | — | — | -$7.2M | -$6.7M | -$9.4M |
| Operating Income | — | — | — | -$8.6M | -$7.9M | -$10.8M |
| Pre-Tax Income | $161.8M | -$21.7M | -$24.3M | -$15.0M | -$8.6M | -$42.2M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $161.8M | -$21.7M | -$24.3M | -$15.0M | -$8.6M | -$42.2M |
| Diluted EPS | $1.12 | -$0.15 | -$0.17 | -$0.10 | -$0.05 | -$0.26 |
Trilogy Metals Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Net Income | -$34.7M | -$7.1M | -$6.3M | $244,000 |
| Diluted EPS | -$0.21 | -$0.04 | -$0.04 | — |
Trilogy Metals Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.1M | $6.3M | — | — | $25.8M | $51.6M |
| Current Assets | $11.4M | $6.6M | $2.9M | $2.9M | $26.0M | $51.9M |
| Total Assets | $185.3M | $167.3M | $146.0M | $138.0M | $133.7M | $157.3M |
| Current Liabilities | $1.0M | $1.0M | $534,000 | $465,000 | $793,000 | $33.1M |
| Total Liabilities | $1.5M | $1.3M | $567,000 | $465,000 | $903,000 | $33.2M |
| Shareholders' Equity | $183.8M | $166.0M | $145.4M | $137.6M | $132.8M | $124.1M |
Trilogy Metals Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$8.3M | -$5.1M | -$3.9M | -$3.1M | -$1.8M | -$3.2M |
| Cash From Investing | — | -$119,000 | $142,000 | — | $25.0M | -$1.0M |
| Cash From Financing | $217,000 | $416,000 | $54,000 | $3.1M | $74,000 | $30.0M |
| Free Cash Flow | -$8.9M | -$5.8M | -$3.9M | -$3.1M | — | — |
Figures from Trilogy Metals' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Trilogy Metals financials page for every line item.
Trilogy Metals Company Profile
| Ticker | TMQ |
|---|---|
| Exchange | NYSE |
| Industry | Gold and Silver Ores |
| Headquarters | Vancouver, British Columbia, Canada |
| Fiscal Year End | November 30 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001543418 |
Frequently Asked Questions
What was Trilogy Metals' revenue in fiscal 2025?
Trilogy Metals (TMQ) reported revenue of $0 for fiscal 2025.
What is Trilogy Metals' annual revenue history?
Trilogy Metals' annual revenue by fiscal year: 2020: $0; 2021: $0; 2022: $0; 2023: $0; 2024: $0; 2025: $0.
What was Trilogy Metals' net income in fiscal 2025?
Trilogy Metals reported net income of -$42.2M for fiscal 2025.
What was Trilogy Metals' earnings per share (EPS) in fiscal 2025?
Trilogy Metals' diluted EPS was -$0.26 for fiscal 2025 (adjusted for any later stock splits).
What was Trilogy Metals' revenue last quarter?
In its most recent reported quarter (2026 Q3), Trilogy Metals reported revenue of $0.
How many shares of Trilogy Metals are outstanding?
Trilogy Metals reported a weighted average of 172.8 million basic shares outstanding in 2026 Q3.
What is Trilogy Metals' market cap?
Based on its latest closing price, Trilogy Metals (TMQ) has a market capitalization of about $456.1M.
When does Trilogy Metals' fiscal year end?
Trilogy Metals' fiscal year end, as registered with the SEC, is November 30.
Where is Trilogy Metals headquartered?
Trilogy Metals lists its business address in Vancouver, British Columbia, Canada in its SEC filings.