ODV

MKT CAP:$475M

Osisko Development Corp.

Market Cap

$475M

Basic Materials·Gold·🇨🇦 Canada·NYSE

Materials·Gold·🇨🇦·NYSE

Stock Price

$3.27-$0.25 (-6.96%)

Apr 24, 2026

Company Details

Osisko Development Corp., a gold mining company, engages in the exploration, evaluation, and development of mining projects. The company's flagship project is the Cariboo Gold project covering an area of 2,071 square kilometers of mineral r...

CEO

Sean E. O. Roosen

IPO Date

Apr 16, 2008

Website

osiskodev.com

Key Metrics TTM

Revenue

$8M

-24.8% YoY

Net Income

-$183M

EPS (Diluted)

-$1.38

Free Cash Flow

-$78M

Revenue / Share

$0.06

Gross Margin

34.9%

Operating Margin

-1130.8%

Net Margin

-2226.0%

FCF Margin

-941.2%

P/S

57.7x

P/E

—

Earnings Reports

Q4 2025

May 5, 2026

PENDING

Q3 2025

Nov 7, 2025

$3M+2638.5%EPS -$0.80

Q2 2025

Aug 12, 2025

$5M+160.6%EPS -$0.26

Q1 2025

May 6, 2025

$0-100.0%EPS -$0.20

FY 2024

Mar 28, 2025

$3M-85.6%EPS -$0.67

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$566.4K	-$31.4K	-$33M
Q3 21	$3M	-$11.7K	-$30M
Q1 22	$7M	-$29.2K	-$17M
Q2 22	$9M	$448.7K	-$22M
Q3 22	$17M	-$500.6K	-$82M
Q4 22	$14M	$5M	-$51M
Q1 23	$3M	-$697.9K	-$16M
Q2 23	$8M	-$409.2K	-$11M
Q3 23	$8M	$244.1K	-$12M
Q1 24	$1M	-$151.3K	-$15M
Q2 24	$2M	-$52.6K	-$10M
Q3 24	$117.7K	$45.3K	-$11M
Q4 24	$0	-$220.0K	-$17M
Q1 25	$0	$0	-$31M
Q2 25	$5M	$2M	-$14M
Q3 25	$3M	$1M	-$31M

Valuation

Quarter	P/S	P/E
Q2 21	1335.9x	—
Q3 21	161.6x	—
Q1 22	48.3x	—
Q2 22	15.9x	—
Q3 22	10.0x	—
Q4 22	8.1x	—
Q1 23	9.7x	—
Q2 23	9.8x	—
Q3 23	7.6x	—
Q1 24	9.3x	—
Q2 24	8.7x	—
Q3 24	16.5x	—
Q4 24	45.9x	—
Q1 25	99.7x	—
Q2 25	57.1x	—
Q3 25	57.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$2M	-$43M
Q1 22	-$12M	-$22M
Q2 22	-$26M	-$41M
Q3 22	$10M	-$4M
Q4 22	-$8M	-$26M
Q1 23	-$9M	-$27M
Q2 23	-$9M	-$21M
Q3 23	-$7M	-$12M
Q4 23	-$7M	-$16M
Q1 24	-$7M	-$14M
Q2 24	-$10M	-$18M
Q3 24	-$9M	-$17M
Q4 24	-$13M	-$21M
Q1 25	-$9M	-$20M
Q2 25	-$15M	-$25M
Q3 25	-$3M	-$11M

Capital Expenditures

Quarter	CapEx
Q3 21	$41M
Q1 22	$10M
Q2 22	$15M
Q3 22	$13M
Q4 22	$18M
Q1 23	$17M
Q2 23	$13M
Q3 23	$6M
Q4 23	$8M
Q1 24	$7M
Q2 24	$9M
Q3 24	$8M
Q4 24	$8M
Q1 25	$11M
Q2 25	$10M
Q3 25	$8M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	—	+4499.5%
Q3 21	—	+3655.4%
Q1 22	—	+563.7%
Q2 22	—	+724.9%
Q3 22	+2840.8%	+193.4%
Q4 22	+392.2%	+99.0%
Q1 23	-62.4%	-20.3%
Q2 23	-15.7%	-40.2%
Q3 23	-54.3%	-80.0%
Q1 24	-90.8%	-74.8%
Q2 24	-23.7%	-37.6%
Q3 24	-98.5%	-38.7%
Q4 24	-100.0%	-11.5%
Q1 25	-100.0%	+91.8%
Q2 25	+160.6%	+57.7%
Q3 25	+2638.5%	+197.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$1M	49.3%
Q1 22	$1M	20.5%
Q2 22	$961.7K	10.2%
Q3 22	$2M	9.6%
Q4 22	$1M	10.7%
Q1 23	$2M	60.2%
Q2 23	$2M	21.4%
Q3 23	$1M	17.9%
Q4 23	$1M	—
Q1 24	$68.7K	5.3%
Q2 24	$120.6K	6.3%
Q3 24	$1M	956.5%
Q4 24	$1M	—
Q1 25	$276.2K	—
Q2 25	$1M	21.9%
Q3 25	$737.4K	22.9%

OpEx Breakdown

Quarter	G&A	S&M
Q2 21	$3M	—
Q3 21	$5M	—
Q1 22	$6M	—
Q2 22	$5M	—
Q3 22	$6M	—
Q4 22	$7M	—
Q1 23	$7M	—
Q2 23	$8M	—
Q3 23	$7M	—
Q1 24	$4M	—
Q2 24	$5M	$80.4K
Q3 24	$6M	—
Q4 24	$5M	—
Q1 25	$5M	$88.4K
Q2 25	$6M	—
Q3 25	$6M	$61.4K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$42M	$0	$42M
Q2 22	$77M	$0	$77M
Q3 22	$70M	$0	$70M
Q4 22	$77M	$0	$77M
Q1 23	$66M	$0	$66M
Q2 23	$48M	$0	$48M
Q3 23	$38M	$0	$38M
Q4 23	$32M	$0	$32M
Q1 24	$42M	$0	$42M
Q2 24	$25M	$0	$25M
Q3 24	$30M	$0	$30M
Q4 24	$78M	$0	$78M
Q1 25	$57M	$0	$57M
Q2 25	$34M	$0	$34M
Q3 25	$293M	$0	$293M
Q4 25	$50M	$259M	$308M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	44M	+3.4%	+17.3%
Q3 21	44M	0.0%	+17.3%
Q1 22	48M	+8.0%	+11.7%
Q2 22	58M	+21.0%	+35.1%
Q3 22	76M	+30.3%	+70.3%
Q4 22	76M	+0.0%	+70.3%
Q1 23	78M	+3.4%	+63.0%
Q2 23	83M	+5.7%	+42.3%
Q3 23	84M	+1.7%	+11.1%
Q1 24	84M	+0.3%	+11.3%
Q2 24	85M	+0.5%	+8.3%
Q3 24	86M	+1.1%	+3.6%
Q4 24	94M	+9.6%	+11.7%
Q1 25	137M	+45.6%	+62.2%
Q2 25	137M	+0.2%	+61.7%
Q3 25	137M	0.0%	+59.9%

Shares Outstanding