U.S. GOLD CORP. (USAU) FY2026 10-K Annual Report
U.S. GOLD CORP. (USAU) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Jul 29, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
U.S. GOLD CORP. FY2026 10-K Analysis
Business Overview
- • Section 'business' was empty or not found.
Management Discussion & Analysis
- • Revenue $0 for fiscal years 2026 and 2025, no operations yet as a development-stage company
- • Operating loss $19.0M in 2026 vs $13.0M in 2025; net loss $17.2M in 2026 vs $20.6M in 2025; operating expenses up $6.0M driven by engineering and strategic consulting
- • Best segment: CK Gold Project development with $632M after-tax NPV and 1.6M gold equivalent ounces reserves; no revenue segments disclosed
- • Cash flow: $18.2M cash used in operating activities vs $9.9M prior year; $1.9M used in investing mostly land purchase; $42.6M raised in financing including $31.2M from share sales
- • Outlook: Need additional funds to advance projects beyond pre-development; substantial doubt about going concern beyond 12 months due to cash burn and no revenue
Risk Factors
- • Regulatory risk: Failure to maintain effective disclosure controls caused late 10-K amendment filing, risking Nasdaq suspension or delisting
- • Macroeconomic risk: CK Gold Project financing uncertain amid gold price volatility and macroeconomic conditions, requiring $394M initial capital plus $28M pre-production costs
- • Operational risk: CK Gold Project Industrial Siting Permit expires June 2027 if construction not resumed, risking costly reapplication and development delays
- • Competitive risk: Intense competition from larger, financially stronger mining companies with more experience may impair property acquisition and talent hiring
- • Financial risk: Accumulated net losses $110.6M with limited cash $30.7M and work capital $31.6M; substantial doubt about going concern without additional financing
U.S. GOLD CORP. FY2026 Key Financial MetricsXBRL
Net Income
-$17M
▲ +16.3% YoY
ROE
-35.3%
▲ +14215bp YoY
Total Assets
$50M
▲ +101.9% YoY
EPS (Diluted)
$-1.15
▲ +36.1% YoY
Operating Cash Flow
-$18M
▼ -84.5% YoY
Source: XBRL data from U.S. GOLD CORP. FY2026 10-K filing on SEC EDGAR. All figures in USD.
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