Sandstorm Gold (SAND) | Financial Analysis & Statements
Sandstorm Gold Ltd. Mid-cap Basic Materials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
51.4M
Gross Profit
33.1M
64.38%
Operating Income
26.0M
50.60%
Net Income
16.9M
32.96%
EPS (Diluted)
$0.05
Balance Sheet Metrics
Total Assets
1.8B
Total Liabilities
391.8M
Shareholders Equity
1.4B
Debt to Equity
0.27
Cash Flow Metrics
Operating Cash Flow
37.0M
Free Cash Flow
40.5M
Revenue & Profitability Trend
Quarter Income Flow
Jun 30, 2025
Annual Income Flow
2024
Sandstorm Gold Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 176.3M | 179.6M | 148.7M | 114.9M | 93.0M |
| Cost of Goods Sold | 80.3M | 97.0M | 83.1M | 52.5M | 47.2M |
| Gross Profit | 96.0M | 82.6M | 65.6M | 62.3M | 45.9M |
| Gross Margin % | 54.4% | 46.0% | 44.1% | 54.2% | 49.3% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 15.7M | 14.4M | 13.4M | 10.2M | 8.3M |
| Other Operating Expenses | 7.1M | 7.2M | 7.4M | 7.8M | 5.5M |
| Total Operating Expenses | 22.8M | 21.5M | 20.8M | 18.0M | 13.9M |
| Operating Income | 71.0M | 61.1M | 44.8M | 44.3M | 32.0M |
| Operating Margin % | 40.3% | 34.0% | 30.1% | 38.6% | 34.4% |
| Non-Operating Items | |||||
| Interest Income | - | - | 809.0K | 481.0K | 315.0K |
| Interest Expense | 35.0M | 39.5M | 17.3M | 2.1M | 2.1M |
| Other Non-Operating Income | -6.5M | 25.3M | 60.3M | 2.2M | -5.9M |
| Pre-tax Income | 29.5M | 46.9M | 87.8M | 44.9M | 24.3M |
| Income Tax | 14.0M | 4.2M | 9.3M | 17.2M | 10.5M |
| Effective Tax Rate % | 47.5% | 9.0% | 10.6% | 38.4% | 43.1% |
| Net Income | 15.5M | 42.7M | 78.4M | 27.6M | 13.8M |
| Net Margin % | 8.8% | 23.8% | 52.7% | 24.0% | 14.9% |
| Key Metrics | |||||
| EBITDA | 135.2M | 146.4M | 101.4M | 80.0M | 65.4M |
| EPS (Basic) | $0.05 | $0.14 | $0.34 | $0.14 | $0.07 |
| EPS (Diluted) | $0.05 | $0.14 | $0.33 | $0.14 | $0.07 |
| Basic Shares Outstanding | 297489424 | 297406309 | 231348386 | 193974313 | 187507754 |
| Diluted Shares Outstanding | 297489424 | 297406309 | 231348386 | 193974313 | 187507754 |
Income Statement Trend
Join Our United States Telegram Channel
Get Instant Market Updates: 52-Week High/Low Alerts, Breakout Notifications & Expert Stock Analysis Delivered To Your Phone. Join Traders Making Informed Decisions Daily!
Sandstorm Gold Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 4.4M | 5.0M | 7.0M | 16.2M | 113.8M |
| Short-term Investments | 6.9M | 9.8M | 1.3M | 5.0M | 1.9M |
| Accounts Receivable | 18.6M | 15.2M | 18.3M | 11.8M | 8.0M |
| Inventory | - | - | - | - | - |
| Other Current Assets | 212.0K | 4.3M | 531.0K | 293.0K | 737.0K |
| Total Current Assets | 31.7M | 53.8M | 32.7M | 33.6M | 124.4M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | - | - | - | - | - |
| Goodwill | - | - | - | - | - |
| Intangible Assets | - | - | - | - | - |
| Long-term Investments | 2.3M | 1.6M | 2.1M | 1.7M | 1.1M |
| Other Non-Current Assets | 28.3M | 29.2M | 7.4M | 5.0M | 10.9M |
| Total Non-Current Assets | 1.8B | 1.9B | 1.9B | 587.3M | 525.5M |
| Total Assets | 1.9B | 1.9B | 2.0B | 620.9M | 649.9M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 5.0M | 5.7M | 3.8M | 2.2M | 3.4M |
| Short-term Debt | - | - | - | - | - |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | 16.2M | 16.2M | 19.0M | 7.3M | 3.4M |
| Non-Current Liabilities | |||||
| Long-term Debt | 355.0M | 435.0M | 497.5M | 2.6M | 2.9M |
| Deferred Tax Liabilities | 29.6M | 26.3M | 16.8M | 18.3M | 5.5M |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | 384.6M | 461.3M | 514.3M | 20.9M | 8.3M |
| Total Liabilities | 400.8M | 477.4M | 533.4M | 28.2M | 11.8M |
| Equity | |||||
| Common Stock | 1.3B | 1.3B | 1.3B | 694.7M | 719.7M |
| Retained Earnings | 119.9M | 122.9M | 98.9M | 35.6M | 11.0M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 1.4B | 1.5B | 1.4B | 592.6M | 638.1M |
| Key Metrics | |||||
| Total Debt | 355.0M | 435.0M | 497.5M | 2.6M | 2.9M |
| Working Capital | 15.5M | 37.6M | 13.7M | 26.3M | 120.9M |
Balance Sheet Composition
Sandstorm Gold Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 15.5M | 42.7M | 78.4M | 27.6M | 13.8M |
| Depreciation & Amortization | 62.3M | 75.9M | 60.2M | 36.2M | 33.6M |
| Stock-Based Compensation | 7.9M | 7.6M | 6.1M | 6.0M | 5.7M |
| Working Capital Changes | -3.6M | 1.5M | -5.5M | -4.2M | -553.0K |
| Operating Cash Flow | 128.2M | 165.1M | 163.8M | 81.6M | 62.4M |
| Investing Activities | |||||
| Capital Expenditures | 1.4M | 2.6M | -582.7M | -152.7M | -3.5M |
| Acquisitions | - | 0 | -3.8M | -559.0K | -3.3M |
| Investment Purchases | -11.1M | -30.5M | -33.4M | -13.0M | -15.9M |
| Investment Sales | 20.7M | 5.7M | 7.3M | 22.4M | 56.4M |
| Investing Cash Flow | 10.9M | -22.2M | -612.7M | -143.9M | 33.7M |
| Financing Activities | |||||
| Share Repurchases | -16.6M | -16.0M | -421.0K | -33.1M | -23.5M |
| Dividends Paid | -17.5M | -17.7M | -13.6M | 0 | 0 |
| Debt Issuance | 22.0M | 41.5M | 653.1M | 0 | 41.0M |
| Debt Repayment | -102.0M | -104.0M | -212.4M | 0 | -86.0M |
| Financing Cash Flow | -114.1M | -96.2M | 512.7M | -33.1M | -68.5M |
| Free Cash Flow | 122.4M | 131.8M | -513.9M | -71.6M | 62.1M |
| Net Change in Cash | 25.1M | 46.7M | 63.8M | -95.4M | 27.5M |
Cash Flow Trend
Sandstorm Gold Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
101.00
Forward P/E
63.79
Price to Book
2.49
Price to Sales
18.37
PEG Ratio
1.52
Profitability Ratios
Profit Margin
17.78%
Operating Margin
50.60%
Return on Equity
2.55%
Return on Assets
3.03%
Financial Health
Current Ratio
2.40
Debt to Equity
21.68
Beta
0.79
Per Share Data
EPS (TTM)
$0.12
Book Value per Share
$4.87
Revenue per Share
$0.66
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| SAND | 3.6B | 101.00 | 2.49 | 2.55% | 17.78% | 21.68 |
| Newmont | 120.8B | 17.10 | 3.51 | 22.34% | 31.25% | 16.74 |
| Agnico Eagle Mines | 100.3B | 22.48 | 4.02 | 19.58% | 37.47% | 1.30 |
| Equinox Gold | 11.3B | 181.10 | 1.94 | -0.41% | 12.19% | 31.67 |
| New Gold | 7.2B | 28.38 | 5.80 | 22.29% | 20.07% | 32.06 |
| Eldorado Gold | 8.3B | 12.52 | 1.47 | 12.78% | 27.89% | 30.11 |
Financial data is updated regularly. All figures are in the company's reporting currency.


