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GROY on NYSE

Gold Royalty Corp.

In its 2026 annual report (Form 20-F) the company says: “We are a corporation organized under the laws of Canada.”4 It is headquartered in Vancouver, Canada.1 Its shares trade on NYSE under the symbol GROY.1

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Last updated Oct 21, 2026.

Overview

$15.6MRevenue, fiscal 20252
-$4.1MNet income, fiscal 20252

Compare with Fortitude Gold Corp, Golden Minerals Co or Metalla Royalty & Streaming Ltd., or pick any stock.

  • TickerGROY on NYSE1
  • IndustryGold and Silver Ores1
  • HeadquartersVancouver, Canada1
  • Incorporated inCanada (Federal Level)3
  • Business address1830 - 1188 West Georgia Street, Suite 1830, Vancouver, A1 V6E 4A23
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation

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We are a corporation organized under the laws of Canada. We were incorporated under the name Gold Royalty Corp. on June 23, 2020, under the CBCA and continued under the same name following completion of an internal reorganization and vertical amalgamation under the CBCA on July 24, 2024. Our head office is located at 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia V6E 4A2 and our telephone number is +1 (604) 396-3066. Our registered office is 2200-1021 West Hastings Street, Vancouver, British Columbia, Canada V6C 0C3. Our website address is www.goldroyalty.com. Information on our website is not incorporated herein by reference.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

76.4%Gross margin2
9.9%Operating margin2
-26.5%Net margin2
54.5%Revenue growth, 20252
-0.6%Return on equity2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue7¢$1.0M
  • Other costs67¢$10.4M
  • Interest25¢$3.9M
  • Income tax1¢$205.0K

Out of $15.6M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$6.2M

Out of $6.2M of cash from operations.2

Financial statements

Revenue562$15.6M in 2025+8030% since 2021
0$5.0M$10.0M$15.0M$20.0M2021: $192.0K$192.0K20212022: $3.9M$3.9M2022+1954%2023: $3.0M$3.0M2023−23%2024: $10.1M$10.1M2024+231%2025: $15.6M$15.6M2025+55%
Gross profit562$11.9M in 2025+42514% since 2021
0$5.0M$10.0M$15.0M2021: $28.0K$28.0K20212022: $2.2M$2.2M2022+7714%2023: $2.1M$2.1M2023−4%2024: $6.6M$6.6M2024+215%2025: $11.9M$11.9M2025+80%
Operating income562$1.5M in 2025
-$40.0M-$30.0M-$20.0M-$10.0M0$10.0M2021: -$12.6M-$12.6M20212022: -$21.5M-$21.5M2022+71%2023: -$31.0M-$31.0M2023+44%2024: -$4.1M-$4.1M2024−87%2025: $1.5M$1.5M2025
Net income562-$4.1M in 2025−72% since 2021
-$30.0M-$20.0M-$10.0M02021: -$15.0M-$15.0M20212022: -$17.3M-$17.3M2022+16%2023: -$26.8M-$26.8M2023+54%2024: -$3.4M-$3.4M2024−87%2025: -$4.1M-$4.1M2025+21%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue$15.6M$10.1M$3.0M
Cost of sales excluding depletion-$1.0M-$268.0K
Depletion-$2.7M-$3.2M-$943.0K
Gross profit$11.9M$6.6M$2.1M
General and administrative costs-$7.4M-$8.3M-$7.6M
Project evaluation costs-$78.0K-$47.0K-$479.0K
Share of (loss) gain in associate-$80.0K-$64.0K$172.0K
Dilution (loss) gain in associate-$73.0K$9.0K$12.0K
Share-based compensation-$2.8M-$2.3M-$2.8M
Impairments of royalties-$22.4M
Operating profit (loss) for the year$1.5M-$4.1M-$31.0M
Change in fair value of derivative liabilities$242.0K
Change in fair value of gold-linked loan$1.7M$1.7M$172.0K
Change in fair value of short-term investments$548.0K$38.0K-$264.0K
Change in fair value of embedded derivative$483.0K$612.0K$30.0K
Foreign exchange gain/(loss)$34.0K-$14.0K-$132.0K
Finance costs-$8.3M-$8.0M-$1.8M
Partial make-whole payment for redemption of convertible debentures$4.2M
(Loss) gain on loan modification-$240.0K$310.0K-$249.0K
Other income$4.1M$96.0K$121.0K
Net loss before income taxes for the year-$4.3M-$9.4M-$32.9M
Current tax expense-$323.0K-$506.0K-$50.0K
Deferred tax recovery$528.0K$6.5M$6.2M
Net loss after income taxes for the year-$4.1M-$3.4M-$26.8M
Foreign currency translation differences$141.0K-$328.0K$38.0K
Reclassification of cumulative foreign currency translation differences to net income$137.0K
Total comprehensive loss for the year-$3.9M-$3.7M-$26.7M
Net loss per share, basic-$0.02-$0.02-$0.18
Net loss per share, diluted-$0.02-$0.02-$0.18
Weighted average number of common shares outstanding, basic and diluted175.0M shares159.5M shares144.7M shares

Compare Gold Royalty Corp. with another company

Corporate structure

Gold Royalty Corp. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Gold Royalty Corp.

  • Tether Global Investments Fund, S.I.C.A.F., S.A. Filed SCHEDULE 13D/A on Gold Royalty Corp., latest Jul 30, 2026 (8 filings since Oct 24, 2025)
  • BARRICK MINING CORP Filed SCHEDULE 13G/A on Gold Royalty Corp., latest Feb 2, 2026 (2 filings since Oct 5, 2022)
  • Queen's Road Capital Investment Ltd. Filed SC 13G/A on Gold Royalty Corp., latest Nov 15, 2024 (2 filings since Jan 24, 2024)
  • GoldMining Inc. Filed SC 13G/A on Gold Royalty Corp., latest Feb 5, 2024 (3 filings since Feb 14, 2022)
  • Eric Sprott Filed SC 13G/A on Gold Royalty Corp., latest Feb 14, 2022
  • Jimmy S. H. Lee Filed SC 13G on Gold Royalty Corp., latest Nov 15, 2021
  • Robert Ross McEwen Filed SC 13G on Gold Royalty Corp., latest Nov 15, 2021
  • Gold Royalty Corp. Vancouver, Canada

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Gold Royalty Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$12.4M2 Dec 31, 2025$2.3M2 Dec 31, 2024+447.3%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chairman, President and Chief Executive OfficerDavid Garofalo named Sep 16, 20229
  • Chief Development OfficerJohn W. Griffith named Sep 16, 20229
  • Chief Financial OfficerJosephine Man named Sep 16, 20229
  • DirectorAlan W. Hair named Sep 16, 20229
  • DirectorAmir W. Adnani named Sep 16, 20229
  • DirectorGlenn W. Mullan named Sep 16, 20229
  • DirectorKarri W. Howlett named Sep 16, 20229
  • DirectorKen W. Robertson named Sep 16, 20229
  • DirectorWarren W. Gilman named Sep 16, 20229

Calendar

Coming up

  1. Nov 4, 2026 · After the closeReports results for the quarter ending Sep/202610

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

247 filings to the SEC since October 2021: 6 annual reports, 18 large holders, 2 private raises, 221 other. The latest 20:

  1. Oct 8, 20266-K EDGAR
  2. Aug 5, 20266-K EDGAR
  3. Aug 5, 20266-K EDGAR
  4. Jul 30, 2026SCHEDULE 13D/A EDGAR
  5. Jul 13, 20266-K EDGAR
  6. Jun 15, 20266-K EDGAR
  7. Jun 10, 2026EFFECT EDGAR
  8. Jun 8, 2026CORRESP EDGAR
  9. Jun 3, 2026F-3/A EDGAR
  10. May 19, 2026UPLOAD EDGAR
  11. May 14, 2026F-3 EDGAR
  12. May 8, 20266-K EDGAR
  13. May 7, 20266-K EDGAR
  14. May 7, 20266-K EDGAR
  15. Apr 27, 20266-K EDGAR
  16. Apr 21, 20266-K EDGAR
  17. Mar 30, 2026144 EDGAR
  18. Mar 26, 2026SCHEDULE 13D/A EDGAR
  19. Mar 20, 20266-K EDGAR
  20. Mar 19, 20266-K EDGAR

The 247 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$27.5M 2022–2022
Money received by yearMoney received by year, 2022–2022: $27.5M in all. Private raises (Form D) $27.5M.$0$10M$20M$30M2022 · Private raises (Form D): $27.5M2022
Figures by year
YearPrivate raises (Form D)Total
2022$27.5M$27.5M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Sep 1, 2022Raised $27.5 million in a private offering of equity9 Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,689,585$18.5M0.0%+966,207
Regal Partners Ltd5,712,223$15.8M0.9%No change
Van Eck Associates Corp5,334,227$14.7M0.0%−23,122
Two Sigma Investments, LP5,197,213$14.3M0.0%+539,707
Morgan Stanley4,742,223$13.1M0.0%−1,216,912
Amundi3,500,000$9.7M0.0%+500,000
Renaissance Technologies LLC2,791,973$7.7M0.0%+775,148
D. E. Shaw & Co., Inc.2,311,195$6.4M0.0%−1,652,300
Bank Of Montreal /can/2,159,337$6.0M0.0%+226,934
Groupe la Francaise1,800,000$5.0M0.1%+100,000
Jpmorgan Chase & Co1,762,192$4.8M0.0%−313,148
Citadel Advisors LLC1,296,689$3.6M0.0%+360,878
Simcoe Capital LLC1,232,072$3.4M2.1%+462,490
Goldman Sachs Group Inc1,166,015$3.2M0.0%+10,005
Knoll Capital Management, LLC1,000,000$2.8M1.5%No change
Anson Funds Management LP856,814$2.4M0.2%−856,814
Bnp Paribas Financial Markets623,322$1.7M0.0%−323,512
Susquehanna International Group, Llp582,247$1.6M0.0%−367,911
Susquehanna Portfolio Strategies, LLC540,139$1.5M0.0%−146,185
CenterBook Partners LP534,812$1.5M0.1%New
Boothbay Fund Management, LLC499,325$1.4M0.0%+440,324
Ci Investments Inc.486,780$1.3M0.0%+181,684
Qube Research & Technologies Ltd464,781$1.3M0.0%+12,964
LPL Financial LLC455,280$1.3M0.0%+356,702
Millennium Management LLC332,148$916.7K0.0%−16,272

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Gold Royalty Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGold Royalty Corp.1
  • CIK0001834026
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCanada4
  • Fiscal year endsDecember 311
  • Industry code (SIC)1040 Gold and Silver Ores1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1830 - 1188 West Georgia Street, Suite 1830, Vancouver, A1 V6E 4A21
  • Phone(778) 726-10001
  • Shares outstanding224,530,457 shares as of Dec 31, 20254
  • AuditorPricewaterhouseCoopers LLP, Vancouver, Canada PCAOB ID 271; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 7, 20201
  • Filings309 in all: 6-K (161), 425 (22), FWP (15), CORRESP (13), UPLOAD (9), 144 (8), EFFECT (7), SCHEDULE 13D/A (7)1
    All 36 form types

    20-F (6), 424B5 (6), F-3 (6), SC 13G (6), F-1/A (5), F-3/A (5), SC 13G/A (4), 424B3 (3), 8-A12B (3), CERT (3), 6-K/A (2), SEC STAFF LETTER (2), 25-NSE (1), 424B4 (1), 8-A12B/A (1), D (1), D/A (1), DRS (1), F-1 (1), F-1MEF (1), F-3D (1), F-4 (1), F-4/A (1), RW (1), S-8 (1), S-8 POS (1), SCHEDULE 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Mar 19, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, without par valueGROYNYSE
Warrants to purchase Common SharesGROY.WSNYSE

From the cover page of the 20-F filed Mar 19, 2026 (Section 12(b) of the Exchange Act).4

Sources

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