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Minerva Gold (MINR) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Sep 14, 2026 · Minerva Gold (MINR) Q1 FY27 earnings results →
Q1 FY27 Revenue down 25% year over year to $9K · 25¢ of every $1 of revenue lost · operating margin -24.7%
Minerva Gold made $9K in Q1 FY27 (-25% Y/Y). Operating margin -24.7%, net loss $2K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $9K in Q1 FY27, down 25% year over year and down 5% from the previous quarter.
Operating costs exceeded revenue by $2K, an operating margin of -24.7%. Total costs fell 21% while revenue fell 25%. The quarter ended with a net loss of $2K, after a profit of $5K the previous quarter.
Operating cash flow was −$6K. Non-cash charges added back $0K of depreciation. Working capital and other items used $4K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Sep 14, 2026 | $9K | -25% | -24.7% | −$2K | −$6K |
| Q4 FY26 | 10-K | May 11, 2026 | $10K | -64% | 48.0% | $5K | $6K |
| Q2 FY26 | 10-Q | Sep 22, 2025 | $12K | — | 63.5% | $8K | $8K |
| Q1 FY26 | 10-Q | Jul 14, 2025 | $12K | — | -19.0% | −$2K | −$8K |
| Q4 FY25 | 10-K | May 8, 2025 | $26K | — | 61.3% | $16K | $17K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Minerva Gold
MINERVA GOLD INC. (the “Company”) is a corporation established under the corporation laws in the State of Nevada on February 24, 2021 with an authorized capital of 75,000,000 common shares with a par value of $ 0.001 . The Company’s fiscal year-end is February 28. Minerva Gold Inc. (the “Company”) is a junior mineral exploration company engaged in the identification, acquisition, and exploration of precious metals in Kazakhstan. As part of its strategic growth initiatives, the Company has expanded its business operations to include a new segment focused on design services. This addition aligns with the Company’s long-term vision to diversify its offerings and better position itself to meet the evolving needs of potential clients.
In its own words, from its 10-Q, filed Sep 22, 2025.
Minerva Gold against its Metal Mining peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -25% against the peers' median +30%. Operating margin: -24.7% against the peers' median -14.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MINR Minerva Gold | Q1 FY27 | $9K | -25% | -24.7% |
| FCX Freeport-McMoRan | Q3 2026 | $7.5B | +8% | 31.2% |
| CLF Cleveland-Cliffs | Q3 2026 | $5.6B | +18% | 5.5% |
| SCCO Southern Copper | Q3 2026 | $4.7B | +39% | 59.9% |
| MP MP Materials | Q3 2026 | $148M | +176% | -14.9% |
| DYNR Dynaresource | Q2 2026 | $11.4M | -28% | -10.1% |
| USAR USA Rare Earth | Q2 2026 | $5.8M | — | -795.6% |
| ALOY Realloys | Q2 2026 | $804K | +55% | n/m |
| IE Ivanhoe Electric | Q3 2026 | $708K | +30% | n/m |
Source: Minerva Gold 10-Q on SEC EDGAR · CIK 1854816 · Metal Mining
More on MINR
History
Every quarter: Q1 FY27 results · Q4 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results