Sandstorm Gold Ltd. Income Statement 2024-2011 | SAND

Brief overview of financial results at Sandstorm Gold Ltd.

The conclusions below are based on five years of reported results. Sandstorm Gold Ltd. reported revenue of 52.7 million dollars in 2015 and 93 million dollars by 2020. The total change was +76.6%, with a CAGR of approximately 12.1%. Top-line growth remained consistently strong over the period.

Gross profit changed from 3.8 million dollars to 45.9 million dollars (+1111.5%). The gross margin was 7.2% at the start and 49.3% at the end. A wider margin shows that the economics of the core business improved.

EBITDA changed from −6 million dollars to 0 dollars (+100%). The operating result outpaced sales and points to improving efficiency. Comparing the endpoints gives EBITDA margins of −11.5% and 0%. The business generated more EBITDA from each unit of revenue.

Net income moved from −43.1 million dollars at the start to 13.8 million dollars at the end. The trajectory reversed from a loss to positive earnings.

Market capitalization changed from $273 million to $1.2 billion (+342.7%). The market value rose well beyond the pace of financial improvement.

Summary assessment

The results present an uneven picture without one dominant signal. The strongest signals are a larger revenue base, higher operating efficiency and a stronger gross margin. Caution is warranted because of a narrow EBITDA buffer. Further direction will depend on top-line growth, operating profitability, and net income.