Versamet Royalties Corporation (VMET) Income Statement
VMET 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVMET revenue and net income
Where VMET's revenue goes
2025Each bar shows an amount and its share of revenue. VMET kept 58.5% of revenue as net income.
VMET profit margins
VMET growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +189.1% | — | — | — |
| Gross profit | +1,029.8% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VMET quarterly EPS vs estimates
Versamet Royalties beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 11, 2026 (estimate $0.06).
VMET income statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $34.8M | $12.0M | $3.1M |
| Cost of revenue | $21.3M | $10.8M | $2.3M |
| Gross profit | $13.5M | $1.2M | $842,465 |
| Research & development | $146,000 | $49,000 | — |
| Sales, general & admin | $7.5M | $5.5M | $3.4M |
| Total operating expenses | $7.6M | $16.4M | $5.7M |
| Operating income | $5.8M | −$4.3M | −$2.6M |
| Interest income | $267,000 | $148,000 | $112,479 |
| Interest expense | $12.2M | $3.6M | $2.0M |
| Income before taxes | $29.6M | −$874,000 | −$2.5M |
| Income taxes | $9.3M | — | — |
| Net income | $20.3M | −$2.4M | −$3.1M |
| EBITDA | $47.9M | $3.5M | $406,198 |
| EPS (diluted) | $0.55 | −$0.03 | — |
| Gross margin | 38.8% | 9.9% | 26.8% |
| Operating margin | 16.8% | −36.0% | −82.9% |
| Net margin | 58.5% | −20.4% | −99.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Revenue | $23.1M | $23.6M | $18.4M | $8.1M | $4.9M | $3.5M | $3.2M |
| Cost of revenue | $9.5M | $9.8M | $8.5M | $5.4M | $5.2M | $3.2M | $2.9M |
| Gross profit | $13.6M | $13.8M | $9.9M | $2.7M | −$254,513 | $221,000 | $312,481 |
| Research & development | $894,000 | — | — | — | $68,000 | — | — |
| Sales, general & admin | $2.2M | $3.6M | $3.4M | $1.5M | $1.3M | $1.4M | $2.0M |
| Total operating expenses | $3.0M | $3.5M | $3.4M | $1.5M | $424,032 | $4.6M | $4.9M |
| Operating income | $10.6M | $10.3M | $6.4M | $1.2M | −$678,545 | −$1.1M | −$1.7M |
| Interest income | $80,000 | $29,000 | $152,000 | $91,000 | $12,871 | $11,000 | $18,219 |
| Interest expense | $6.6M | $2.1M | $3.6M | $1.3M | $6.7M | $628,000 | $669,139 |
| Income before taxes | $6.8M | $19.3M | $21.4M | $4.8M | $846,227 | $2.6M | −$8.7M |
| Income taxes | $2.0M | $5.7M | $6.4M | $1.4M | $672,824 | — | — |
| Net income | $4.8M | $13.6M | $15.1M | $3.3M | $173,402 | $1.8M | −$7.3M |
| EBITDA | $14.7M | $14.2M | $28.7M | $7.7M | −$6,251 | — | — |
| EPS (diluted) | $0.04 | $0.28 | $0.41 | $0.13 | — | — | — |
| Gross margin | 59.0% | 58.5% | 53.7% | 33.6% | −5.2% | 6.4% | 9.6% |
| Operating margin | 45.9% | 43.5% | 34.9% | 15.1% | −13.8% | −32.9% | −51.1% |
| Net margin | 20.6% | 57.4% | 82.0% | 40.9% | 3.5% | 51.7% | −223.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VMET's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VMET financial results
In fiscal year 2025 (ended December 31, 2025), Versamet Royalties reported revenue of $34.8 million, up 189.1% from the year before. It had net income of $20.3 million, a net profit margin of 58.5%. Diluted earnings per share came to $0.55.
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VMET income statement FAQ
What is Versamet Royalties's annual revenue?
Versamet Royalties reported total revenue of $34.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 189.1% from $12.0 million the previous year.
Is Versamet Royalties profitable?
Yes. Versamet Royalties reported net income of $20.3 million in fiscal 2025, a net profit margin of 58.5%; its operating margin was 16.8%.
What is Versamet Royalties's gross margin?
Versamet Royalties's gross margin was 38.8% in fiscal 2025: for every $100 of revenue, Versamet Royalties kept $39 after the direct cost of its products and services.
How much does Versamet Royalties spend on research and development?
Versamet Royalties spent $0.1 million on research and development in fiscal 2025, 0.4% of revenue.
What are Versamet Royalties's earnings per share?
Versamet Royalties earned $0.55 per diluted share in fiscal 2025, compared with $-0.03 a year earlier.
When will Versamet Royalties report its next earnings?
Versamet Royalties is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does Versamet Royalties's fiscal year end?
Versamet Royalties's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.