NMG

MKT CAP:$335M

Nouveau Monde Graphite Inc.

Market Cap

$335M

Basic Materials·Industrial Materials·🇨🇦 Canada·NYSE

Materials·Industrial·🇨🇦·NYSE

Stock Price

$2.16-$0.44 (-16.92%)

Apr 20, 2026

Company Details

Nouveau Monde Graphite Inc. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's flagship project is the Matawinie property that includes 392...

CEO

Eric Desaulniers

IPO Date

Jan 8, 2021

Website

nmg.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$77M

EPS (Diluted)

-$0.50

Free Cash Flow

-$41M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

Q1 2026

May 13, 2026

PENDING

FY 2025

Mar 25, 2026

$0EPS -$0.50

Q4 2025

Mar 25, 2026

$0EPS $0.02

Q3 2025

Nov 12, 2025

$0EPS -$0.37

Q2 2025

Aug 14, 2025

$0EPS -$0.10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$0	-$4M	-$12M
Q2 22	$0	-$4M	-$11M
Q3 22	$0	-$3M	$9M
Q4 22	$0	-$3M	$9M
Q1 23	$0	-$3M	$10M
Q2 23	$0	-$4M	-$10M
Q3 23	$0	-$5M	$10M
Q4 23	$0	-$6M	-$69M
Q1 24	$0	-$2M	-$25M
Q2 24	$0	-$2M	$13M
Q3 24	$0	-$2M	-$14M
Q4 24	$0	-$2M	-$11M
Q1 25	$0	-$2M	-$14M
Q2 25	$0	-$2M	$12M
Q3 25	$0	-$3M	$10M
Q4 25	$0	-$1M	-$8M

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$9M	-$14M
Q2 22	-$7M	-$12M
Q3 22	-$9M	-$14M
Q4 22	-$7M	-$13M
Q1 23	-$6M	-$8M
Q2 23	-$8M	-$12M
Q3 23	-$7M	-$8M
Q4 23	-$8M	-$9M
Q1 24	-$9M	-$11M
Q2 24	-$8M	-$9M
Q3 24	-$9M	-$12M
Q4 24	-$12M	-$16M
Q1 25	-$10M	-$12M
Q2 25	-$9M	-$11M
Q3 25	-$5M	-$8M
Q4 25	-$8M	-$10M

Capital Expenditures

Quarter	CapEx
Q1 22	$4M
Q2 22	$4M
Q3 22	$4M
Q4 22	$7M
Q1 23	$1M
Q2 23	$4M
Q3 23	$2M
Q4 23	$937.6K
Q1 24	$2M
Q2 24	$1M
Q3 24	$4M
Q4 24	$3M
Q1 25	$2M
Q2 25	$2M
Q3 25	$4M
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	—	+134.4%
Q2 22	—	+13.6%
Q3 22	—	-35.2%
Q4 22	—	-26.9%
Q1 23	—	-183.3%
Q2 23	—	-5.6%
Q3 23	—	-9.2%
Q4 23	—	+840.2%
Q1 24	—	+357.5%
Q2 24	—	-229.2%
Q3 24	—	+246.1%
Q4 24	—	-83.8%
Q1 25	—	-45.6%
Q2 25	—	+6.0%
Q3 25	—	-168.3%
Q4 25	—	-31.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	—
Q2 22	$2M	—
Q3 22	$1M	—
Q4 22	$1M	—
Q1 23	$425.3K	—
Q2 23	$589.7K	—
Q3 23	$631.4K	—
Q4 23	$590.5K	—
Q1 24	$624.1K	—
Q2 24	$2M	—
Q3 24	$1M	—
Q4 24	-$1M	—
Q1 25	$2M	—
Q2 25	$83.3K	—
Q3 25	$0	—
Q4 25	$0	—

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 22	$6M	$2M	—
Q2 22	$5M	$2M	—
Q3 22	$5M	$1M	—
Q4 22	$5M	$1M	—
Q1 23	$5M	$1M	—
Q2 23	$4M	$2M	—
Q3 23	$4M	$1M	—
Q4 23	$4M	$1M	—
Q1 24	$6M	—	—
Q2 24	$6M	—	—
Q3 24	$6M	—	—
Q4 24	$4M	—	—
Q1 25	$6M	—	—
Q2 25	$6M	—	—
Q3 25	$5M	$2M	—
Q4 25	—	—	$7M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$32M	$0	$32M
Q2 22	$23M	$0	$23M
Q3 22	$10M	$0	$10M
Q4 22	$44M	$0	$44M
Q1 23	$36M	$0	$36M
Q2 23	$44M	$0	$44M
Q3 23	$36M	$0	$36M
Q4 23	$27M	$0	$27M
Q1 24	$64M	$0	$64M
Q2 24	$54M	$0	$54M
Q3 24	$41M	$0	$41M
Q4 24	$78M	$0	$78M
Q1 25	$65M	$0	$65M
Q2 25	$54M	$0	$54M
Q3 25	$45M	$0	$45M
Q4 25	$54M	$0	$54M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	55M	0.0%	+62.8%
Q2 22	56M	+0.7%	+47.3%
Q3 22	56M	+0.4%	+19.8%
Q4 22	56M	+0.2%	+1.3%
Q1 23	56M	+0.3%	+1.6%
Q2 23	71M	+26.6%	+27.6%
Q3 23	61M	-14.3%	+8.9%
Q4 23	61M	+0.3%	+9.0%
Q1 24	76M	+24.3%	+35.1%
Q2 24	106M	+40.1%	+49.6%
Q3 24	113M	+6.8%	+86.6%
Q4 24	113M	0.0%	+86.1%
Q1 25	153M	+35.4%	+102.6%
Q2 25	154M	+0.1%	+44.8%
Q3 25	154M	+0.2%	+35.8%
Q4 25	161M	+4.5%	+41.9%

Shares Outstanding