U.S. Gold Corp. (USAU) intrinsic value & 10-year financials

U.S. Gold Corp. (USAU) has a Graham intrinsic value of $82.77 per share. At $11.84 on Oct 17, 2026, the stock trades 86% below that value.

Graham intrinsic value
$82.77
Share price (Oct 17, 2026)
$11.84
Price vs Graham value
86% below
Market cap
$135.3M
Revenue (FY2025)
—
Revenue growth (10-yr CAGR)
-30.9%
ROIC (10-yr avg)
-90.4%
Free cash flow (FY2025)
-$9.9M

USAU 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$20.6M -$1.80 -$9.9M — -172.8%
FY2024 — -$6.9M -$0.74 — — -58.0%
FY2023 — -$7.6M -$0.90 -$8.9M — -52.3%
FY2022 — -$13.9M -$1.92 -$12.8M — -95.7%
FY2021 — -$12.4M — -$8.6M — -61.9%
FY2020 — -$5.2M — — — -63.0%
FY2019 — -$8.0M — — — -76.7%
FY2018 — -$13.7M — — — -109.3%
FY2017 $17.4M -$4.1M — — -10.2% -171.1%
FY2016 $25.2M -$1.2M — -$510.0K -4.9% -42.8%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

U.S. GOLD CORP. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

U.S. GOLD CORP. has historically struggled to out-earn its cost of capital, averaging just -56.3% ROIC.

U.S. GOLD CORP. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, U.S. GOLD CORP. is modeled at -30.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $82.77 per share.

USAU stock: frequently asked questions

What is the intrinsic value of U.S. Gold Corp. (USAU) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -30.9% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, USAU's intrinsic value is about $82.77 per share.

Is USAU stock undervalued?

At $11.84 (close on Oct 17, 2026), USAU trades 86% below its Graham value of $82.77. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does U.S. Gold Corp. generate free cash flow?

U.S. Gold Corp. generated -$9.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 5 reported years.

What is USAU's return on invested capital?

Average ROIC over the last 10 fiscal years was -90.4%, and average return on equity was -87.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this USAU data come from?

From U.S. Gold Corp.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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