SA

MKT CAP:$3B

Seabridge Gold Inc.

Market Cap

$3B

Basic Materials·Gold·🇨🇦 Canada·NYSE

Materials·Gold·🇨🇦·NYSE

Stock Price

$30.09+$0.26 (+0.87%)

Apr 24, 2026

Company Details

Seabridge Gold Inc., together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for copper, silver, molybdenum, and rhenium deposits. Its principal projects are ...

CEO

Rudi Fronk

IPO Date

Apr 20, 2004

Website

www.seabridgegold.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$39M

EPS (Diluted)

-$0.38

Free Cash Flow

-$111M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Mar 26, 2026

$0EPS -$0.38

Q4 2025

Mar 26, 2026

$0EPS -$0.31

Q3 2025

Nov 12, 2025

$0EPS -$0.23

Q2 2025

Aug 13, 2025

$0EPS $0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$0	$0	-$9M
Q1 21	$0	$0	-$3M
Q2 21	$0	$0	-$1M
Q4 21	$0	$0	-$7M
Q1 22	$0	$0	-$3M
Q2 22	$0	$0	-$2M
Q3 22	$0	$0	-$2M
Q4 22	$0	$0	-$9M
Q1 24	$0	$0	-$3M
Q2 24	$0	$0	-$4M
Q3 24	$0	$0	-$3M
Q4 24	$0	$0	-$6M
Q1 25	$0	$0	-$3M
Q2 25	$0	$0	-$4M
Q3 25	$0	$0	-$3M
Q4 25	$0	-$42.3K	-$6M

Valuation

Quarter	P/S	P/E
Q4 20	—	—
Q1 21	—	—
Q2 21	—	705.9x
Q4 21	—	—
Q1 22	—	—
Q2 22	—	79.7x
Q3 22	—	153.9x
Q4 22	—	—
Q1 24	—	—
Q2 24	—	96.9x
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	-$3M	-$104M
Q1 21	-$3M	-$8M
Q2 21	$1M	-$8M
Q4 21	-$7M	-$27M
Q1 22	-$7M	-$14M
Q2 22	$4M	-$16M
Q3 22	-$5M	-$51M
Q4 22	-$10M	-$65M
Q1 24	$988.7K	-$28M
Q2 24	-$7M	-$17M
Q3 24	-$1M	-$22M
Q4 24	-$2M	-$22M
Q1 25	-$1M	-$12M
Q2 25	-$3M	-$18M
Q3 25	-$2M	-$40M
Q4 25	-$6M	-$41M

Capital Expenditures

Quarter	CapEx
Q4 20	$101M
Q1 21	$6M
Q2 21	$9M
Q4 21	$21M
Q1 22	$7M
Q2 22	$20M
Q3 22	$46M
Q4 22	$55M
Q1 24	$29M
Q2 24	$9M
Q3 24	$20M
Q4 24	$20M
Q1 25	$10M
Q2 25	$15M
Q3 25	$39M
Q4 25	$36M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	—	+439.3%
Q1 21	—	+20.5%
Q2 21	—	-41.8%
Q4 21	—	+383.1%
Q1 22	—	-64.8%
Q2 22	—	-39.4%
Q3 22	—	+58.7%
Q4 22	—	+20.5%
Q1 24	—	+2.5%
Q2 24	—	+65.8%
Q3 24	—	+27.9%
Q4 24	—	-36.9%
Q1 25	—	-6.3%
Q2 25	—	+3.3%
Q3 25	—	+16.8%
Q4 25	—	+4.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$7M	—
Q1 21	$2M	—
Q2 21	$5.8K	—
Q4 21	$418.0K	—
Q1 22	$2M	—
Q2 22	$162.2K	—
Q3 22	$101.6K	—
Q4 22	$353.7K	—
Q1 24	$869.6K	—
Q2 24	$626.3K	—
Q3 24	$608.7K	—
Q4 24	$584.6K	—
Q1 25	$776.1K	—
Q2 25	$1M	—
Q3 25	$766.6K	—
Q4 25	$0	—

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 20	$8M	$2M	—
Q1 21	$3M	—	—
Q2 21	$1M	—	—
Q4 21	$3M	—	—
Q1 22	$3M	—	—
Q2 22	$2M	—	—
Q3 22	$2M	—	—
Q4 22	$4M	—	—
Q1 24	$3M	—	—
Q2 24	$4M	—	—
Q3 24	$3M	—	—
Q4 24	$3M	$3M	—
Q1 25	$3M	—	—
Q2 25	$4M	—	—
Q3 25	$3M	—	—
Q4 25	—	—	$6M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$216M	$3M	$219M
Q2 22	$112M	$89M	$201M
Q3 22	$48M	$102M	$151M
Q4 22	$34M	$62M	$96M
Q1 23	$27M	$4M	$31M
Q2 23	$148M	$3M	$151M
Q3 23	$87M	$10M	$97M
Q4 23	$60M	$3M	$63M
Q1 24	$41M	$3M	$44M
Q2 24	$52M	$3M	$55M
Q3 24	$37M	$4M	$41M
Q4 24	$36M	$4M	$40M
Q1 25	$115M	$5M	$119M
Q2 25	$89M	$5M	$94M
Q3 25	$75M	$6M	$81M
Q4 25	$86M	$6M	$92M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	74M	+5.9%	+18.7%
Q1 21	74M	0.0%	+16.6%
Q2 21	78M	+4.5%	+18.7%
Q4 21	78M	-0.1%	+10.6%
Q1 22	79M	+2.0%	+6.5%
Q2 22	81M	+2.3%	+9.0%
Q3 22	81M	-0.0%	+4.2%
Q4 22	81M	+0.4%	+4.7%
Q1 24	86M	+6.2%	+9.0%
Q2 24	88M	+2.2%	+9.0%
Q3 24	90M	+1.4%	+10.5%
Q4 24	91M	+1.1%	+11.4%
Q1 25	96M	+6.0%	+11.1%
Q2 25	101M	+5.3%	+14.5%
Q3 25	102M	+1.2%	+14.2%
Q4 25	104M	+1.9%	+15.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	$0	100
Q1 21	$0	100
Q2 21	$0	100
Q4 21	$0	100
Q1 22	$0	100
Q2 22	$0	100
Q3 22	$0	100
Q4 22	$0	100
Q1 24	$0	100
Q2 24	$0	100
Q3 24	$0	100
Q4 24	$0	100
Q1 25	$0	100
Q2 25	$0	100
Q3 25	$0	100
Q4 25	$0	100

Revenue / Employee