Short answer
U.S. GOLD CORP. (USAU) filed its Q1 2026 10-Q quarterly report on Mar 16, 2026 for the quarter ended Jan 31, 2026.
Q1 2026 key financials · XBRL
- Net income
- −$5M
- +16.9% YoY · −17.9% QoQ
- EPS (diluted)
- −$0.35
- +36.4% YoY · −9.4% QoQ
Source: XBRL data from the U.S. GOLD CORP. (USAU) Q1 2026 10-Q on SEC EDGAR. USD.
U.S. GOLD CORP. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $0, unchanged year over year; development-stage company without operations
- Operating loss $5.347M vs $5.090M YoY; operating margin not applicable with no revenue
- CK Gold Project focus; exploration expenses $308,000 lower year over year
- Cash $36.088M at January 31, 2026; operating cash use $12.132M vs $7.153M YoY
- Financing provided $41.975M, including $31.2M private placement; sufficient cash for 12 months, but additional funding needed for further project advancement
Risk Factors
- No new or changed risk factors; Item 1A omitted because U.S. Gold qualifies as a smaller reporting company
- Regulatory risk limited; operations were not subject to MSHA regulation during the three months ended January 31, 2026
- Financing risk from warrant exercises; 131,034 shares issued for $1,749,693 proceeds during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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