Skeena Resources Limited (SKE) Financial Statements & Historical Data

Skeena Resources Limited (SKE) — Price $30.24 — Basic Materials — Industrial Materials — NYSE

Latest reported results:

Detailed financial statements for Skeena Resources Limited (SKE): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year: ten fiscal years free and up to 20 with Premium.

Skeena Resources Limited is a Canadian company primarily engaged in the discovery and advancement of mineral resource projects within Canada. The company's exploration activities concentrate on identifying deposits rich in gold, silver, copper, and other valuable metals.

Analysis Summary

Trailing-twelve-month margins: gross margin 0.0%, operating margin 0.0%, net margin 0.0%.

At the current price of $30.24, SKE has negative trailing earnings (P/E not meaningful) and an ROE of -166.74%. Market capitalisation stands at $3.8B.

Balance sheet quality for SKE: current ratio of 1.8, net cash position of 88.4M CAD. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Income Statement (10y)

Year2016201720182019202020212022202320242025
Revenue0000000000
Cost of Revenue34,605 CAD99,003 CAD176,103 CAD309,723 CAD489,406 CAD1.6M CAD1.4M CAD1.8M CAD01.8M CAD
Gross Profit-34,605 CAD-99,003 CAD-176,000 CAD-309,723 CAD-489,406 CAD-1.6M CAD-1.4M CAD-1.8M CAD0-1.8M CAD
Research & Development486,286 CAD60,419 CAD62,904 CAD0000000
Selling, General & Admin13.4M CAD10.6M CAD15.3M CAD13.1M CAD62.2M CAD101.6M CAD81.9M CAD85.5M CAD174.1M CAD55.4M CAD
Operating Expenses14.6M CAD11.4M CAD15.4M CAD13.1M CAD62.2M CAD101.6M CAD81.9M CAD85.5M CAD174.1M CAD55.4M CAD
Operating Income-14.7M CAD-11.5M CAD-15.6M CAD-13.4M CAD-62.7M CAD-103.2M CAD-83.3M CAD-87.3M CAD-174.1M CAD-57.2M CAD
EBITDA-13.5M CAD-10.7M CAD-15.3M CAD-20.4M CAD-46.7M CAD-91.2M CAD-64.1M CAD-80.6M CAD-175.0M CAD-174.7M CAD
Interest Expense25,757 CAD25,006 CAD2,882 CAD134,693 CAD119,131 CAD00002.7M CAD
Pre-tax Income-13.6M CAD-10.0M CAD-15.5M CAD-20.9M CAD-47.3M CAD-92.9M CAD-65.6M CAD-82.7M CAD-151.9M CAD-179.2M CAD
Income Tax-26,414 CAD-19,108 CAD92,577 CAD0000-485,897 CAD03.5M CAD
Net Income-13.6M CAD-10.0M CAD-15.5M CAD-20.9M CAD-47.3M CAD-92.9M CAD-65.6M CAD-82.2M CAD-151.9M CAD-182.7M CAD
EPS$-1.30$-0.65$-0.70$-1.00$-1.69$-1.96$-1.26$-1.29$-1.53$-1.59
EPS (Diluted)$-1.30$-0.65$-0.70$-1.00$-1.69$-1.96$-1.26$-1.29$-1.53$-1.59
Shares Outstanding (Diluted)10.4M CAD15.5M CAD22.2M CAD27.0M CAD42.3M CAD59.8M CAD70.3M CAD84.4M CAD99.1M CAD115.2M CAD

Income Statement (Quarterly)

Year2025-Q32025-Q42026-Q12026-Q2
Revenue0000
Gross Profit-205,000 CAD-407,666 CAD-469,208 CAD-471,204 CAD
Operating Income-15.0M CAD-16.2M CAD-22.0M CAD-24.7M CAD
EBITDA-35.9M CAD-70.7M CAD-98.5M CAD-24.2M CAD
Net Income-36.8M CAD-71.7M CAD-104.7M CAD-35.2M CAD
EPS$-0.32$-0.60$-0.86$-0.28
EPS (Diluted)$-0.32$-0.60$-0.86$-0.28

Balance Sheet (10y)

Year2016201720182019202020212022202320242025
Cash & Equivalents2.6M CAD1.0M CAD1.1M CAD13.1M CAD37.8M CAD40.3M CAD40.6M CAD91.1M CAD96.9M CAD121.8M CAD
Short-term Investments00000840,000 CAD2.5M CAD1.6M CAD949,000 CAD29.6M CAD
Receivables738,877 CAD1.3M CAD3.5M CAD00003.2M CAD05.5M CAD
Inventory0215,247 CAD00000000
Total Current Assets3.6M CAD2.5M CAD4.8M CAD19.0M CAD41.7M CAD54.2M CAD50.2M CAD97.5M CAD100.9M CAD158.9M CAD
Property, Plant & Equipment18.2M CAD21.2M CAD16.9M CAD3.8M CAD90.5M CAD94.3M CAD115.7M CAD95.4M CAD162.9M CAD559.1M CAD
Goodwill0000000000
Intangible Assets22 CAD12 CAD4 CAD0000000
Total Assets22.3M CAD25.8M CAD24.6M CAD24.4M CAD137.8M CAD155.0M CAD168.0M CAD195.0M CAD274.4M CAD769.6M CAD
Accounts Payable738,877 CAD1.3M CAD3.5M CAD3.6M CAD19.4M CAD12.5M CAD14.0M CAD20.6M CAD55.2M CAD0
Short-term Debt00000000015.7M CAD
Total Current Liabilities1.6M CAD2.6M CAD2.7M CAD8.4M CAD22.4M CAD25.4M CAD20.9M CAD25.2M CAD70.0M CAD87.4M CAD
Long-term Debt000000022.8M CAD00
Total Liabilities2.0M CAD3.7M CAD6.0M CAD12.8M CAD28.9M CAD31.4M CAD30.8M CAD70.5M CAD183.8M CAD610.6M CAD
Retained Earnings-48.6M CAD-58.6M CAD-74.1M CAD-101.2M CAD-161.5M CAD-279.0M CAD-367.9M CAD-476.9M CAD-627.1M CAD-809.3M CAD
Total Equity20.3M CAD22.1M CAD18.6M CAD11.6M CAD109.0M CAD123.5M CAD137.2M CAD124.5M CAD90.6M CAD159.0M CAD
Total Debt0001.5M CAD2.6M CAD1.3M CAD3.6M CAD32.4M CAD13.5M CAD63.0M CAD
Net Debt-2.6M CAD-1.0M CAD-1.1M CAD-11.7M CAD-35.2M CAD-39.8M CAD-39.5M CAD-60.3M CAD-84.4M CAD-88.4M CAD
Working Capital2.0M CAD-50,768 CAD2.1M CAD10.6M CAD19.3M CAD28.8M CAD29.3M CAD72.3M CAD30.9M CAD71.5M CAD

Balance Sheet (Quarterly)

Year2025-Q32025-Q42026-Q12026-Q2
Cash & Equivalents108.2M CAD121.8M CAD25.6M CAD589.0M CAD
Total Assets647.2M CAD769.6M CAD1.13B CAD1.92B CAD
Total Liabilities561.9M CAD610.6M CAD954.1M CAD1.75B CAD
Total Equity85.3M CAD159.0M CAD180.8M CAD170.9M CAD
Total Debt61.7M CAD63.0M CAD65.1M CAD1.12B CAD

Cash Flow (10y)

Year2016201720182019202020212022202320242025
Net Income-13.6M CAD-10.0M CAD-15.5M CAD-27.1M CAD-60.3M CAD-117.6M CAD-88.9M CAD-109.0M CAD-151.9M CAD-182.7M CAD
Depreciation & Amortization34,605 CAD99,003 CAD176,103 CAD376,525 CAD613,000 CAD2.0M CAD1.9M CAD2.4M CAD8.2M CAD1.8M CAD
Stock-based Compensation2.7M CAD689,122 CAD1.6M CAD2.5M CAD4.9M CAD14.1M CAD11.0M CAD12.0M CAD13.1M CAD0
Change in Working Capital-345,060 CAD-185,574 CAD-1.4M CAD4.2M CAD7.6M CAD-10.3M CAD6.2M CAD8.4M CAD22.8M CAD-29.7M CAD
Operating Cash Flow-12.2M CAD-10.9M CAD-15.1M CAD-10.5M CAD-66.4M CAD-124.4M CAD-93.4M CAD-90.6M CAD-127.9M CAD-58.7M CAD
Capital Expenditure-152,785 CAD-868,092 CAD-137,323 CAD-324,582 CAD-5.5M CAD-11.4M CAD-18.8M CAD-10.6M CAD-2.7M CAD-294.2M CAD
Acquisitions-491,862 CAD00240,455 CAD00-14.6M CAD000
Stock Repurchased0000000000
Dividends Paid0000000000
Free Cash Flow-12.4M CAD-11.8M CAD-15.3M CAD-10.8M CAD-71.9M CAD-135.8M CAD-112.2M CAD-101.2M CAD-130.6M CAD-352.9M CAD

Cash Flow (Quarterly)

Year2025-Q32025-Q42026-Q12026-Q2
Operating Cash Flow-17.8M CAD-1.2M CAD-15.2M CAD-16.1M CAD
Capital Expenditure-92.0M CAD-108.9M CAD-72.4M CAD-131.4M CAD
Free Cash Flow-109.8M CAD-110.1M CAD-87.7M CAD-147.5M CAD
Dividends Paid0000
Stock-based Compensation6.5M CAD000

Growth & Margins (10y)

Year2016201720182019202020212022202320242025
Net Income Growth (YoY)+26.2%-55.2%-34.6%-126.7%-96.3%+29.5%-25.4%-84.8%-20.2%
EPS Growth (YoY)+50.0%-7.7%-42.9%-69.0%-16.0%+35.7%-2.4%-18.6%-3.9%
Shares Change (YoY)+49.0%+43.1%+21.7%+56.6%+41.6%+17.6%+19.9%+17.5%+16.2%
FCF Growth (YoY)+5.0%-29.8%+29.2%-565.7%-89.1%+17.4%+9.8%-29.0%-170.2%
Effective Tax Rate0.2%0.2%-0.6%-0.0%-0.0%-0.0%-0.0%0.6%-0.0%-1.9%

Per-Share Data (10y)

Year2016201720182019202020212022202320242025
FCF Per Share$-1.19$-0.76$-0.69$-0.40$-1.70$-2.27$-1.60$-1.20$-1.32$-3.06
Dividends Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Shares Outstanding (Basic)10.4M CAD15.5M CAD22.2M CAD27.0M CAD42.3M CAD59.8M CAD70.3M CAD84.4M CAD99.1M CAD115.2M CAD

What to look at in Basic Materials

Miners, chemicals, steel. 100% commodity-driven. Analysing them with pure P/E is a mistake — look at cost position and dividend sustainability.

Profitability

Return on Equity-166.74%
Return on Invested Capital-4.23%
Return on Assets-12.95%
Gross Margin0.00%
Operating Margin0.00%
Net Margin0.00%

Financial Health

Debt / Equity6.57
Current Ratio3.15
Piotroski F-Score3
Altman Z-Score2.08

Key Ratios (10y)

Year2016201720182019202020212022202320242025
P/E-2.10-4.24-1.72-2.67-8.21-6.73-5.72-5.01-8.20-20.48
P/B1.401.931.436.215.386.383.694.3813.7223.60
P/S0.000.000.000.000.000.000.000.000.000.00
Gross Margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Operating Margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net Margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Related companies: AAUC · CC · ELVR · FMC · IPX · LAC · NGVT

Explore sector: Basic Materials · Industrial Materials

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