Gold Reserve Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Selling, General & Admin	16	10.19	10.92	6.08	6.57	7.26
Other Operating Expenses	-	-	-	0.15	0.17	0.32
Operating Expenses	16.07	10.25	10.98	6.29	6.8	8.1
Operating Income	-16.07	-10.25	-10.98	-6.29	-6.8	-8.1
Interest Expense	-0.02	-0.02	-	-	-	-
Interest & Investment Income	3.2	3.21	2.92	1.91	0.58	0.03
Currency Exchange Gain (Loss)	-0.03	-0.03	-0.06	-0.04	-0.1	-0.02
Other Non Operating Income (Expenses)	-	-	-	-	-0.22	-2.44
EBT Excluding Unusual Items	-12.92	-7.09	-8.13	-4.42	-6.55	-10.53
Merger & Restructuring Charges	-	-	-1	-0.7	-0.5	-
Gain (Loss) on Sale of Investments	0.76	0.27	0.25	1.08	-0.01	0.02
Gain (Loss) on Sale of Assets	-	-	-	-	-0.01	0.06
Asset Writedown	-	-	-	-0.19	-0.62	-
Other Unusual Items	-23.09	-26.46	-5.4	-1.09	-0.91	-0.15
Pretax Income	-35.25	-33.28	-14.28	-5.32	-8.6	-10.6
Income Tax Expense	1.02	1	0.91	17.8	-	-
Net Income	-36.27	-34.28	-15.19	-23.12	-8.6	-10.6
Net Income to Common	-36.27	-34.28	-15.19	-23.12	-8.6	-10.6
Shares Outstanding (Basic)	122	117	107	100	100	99
Shares Outstanding (Diluted)	122	117	107	100	100	99
Shares Change (YoY)	10.83%	9.91%	7.04%	-	0.07%	0.09%
EPS (Basic)	-0.30	-0.29	-0.14	-0.23	-0.09	-0.11
EPS (Diluted)	-0.30	-0.29	-0.14	-0.23	-0.09	-0.11
Free Cash Flow	-37.35	-30.05	-12.05	-7.43	-6.36	-8.61
Free Cash Flow Per Share	-0.31	-0.26	-0.11	-0.07	-0.06	-0.09
EBITDA	-16.02	-10.24	-10.97	-6.22	-6.7	-7.99
D&A For EBITDA	0.05	0.01	0.01	0.06	0.1	0.11
EBIT	-16.07	-10.25	-10.98	-6.29	-6.8	-8.1
Revenue as Reported	3.94	3.45	3.11	2.95	0.47	0.09