Gold Reserve Ltd. (GDRZF)

Gold Reserve Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	116.43	68.93	42.82	8.53	15.38	49.12
Short-Term Investments	12.69	7.4	34.17	29.36	27.5	-
Trading Asset Securities	-	1.7	1.42	1.18	0.1	0.11
Cash & Short-Term Investments	129.12	78.03	78.42	39.07	42.98	49.22
Cash Growth	40.81%	-0.50%	100.74%	-9.10%	-12.69%	-14.39%
Other Receivables	-	-	-	-	8.09	8.68
Receivables	-	-	-	-	8.09	8.68
Prepaid Expenses	0.95	0.24	0.26	0.29	0.46	0.51
Total Current Assets	130.07	78.27	78.68	39.36	51.53	58.41
Property, Plant & Equipment	0.43	0.56	0.36	0.38	1.42	2.23
Total Assets	130.5	78.83	79.04	39.74	52.94	60.64

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	2.02	6.97	2.32	0.71	0.65	0.47
Accrued Expenses	-	-	1	0.74	0.53	-
Current Portion of Leases	0.07	0.17	-	-	-	0.08
Current Income Taxes Payable	12.39	11.62	10.62	9.71	-	-
Other Current Liabilities	-	-	-	-	0.17	0.06
Total Current Liabilities	14.49	18.75	13.94	11.16	1.35	0.61
Long-Term Leases	-	0.01	-	-	-	-
Total Liabilities	14.49	18.77	13.94	11.16	1.35	0.61

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	1.48	1.23	1.13	302.68	302.68	302.68
Additional Paid-In Capital	473.46	401	372.35	20.63	20.63	20.63
Retained Earnings	-388	-367.86	-333.58	-318.39	-295.27	-286.68
Comprehensive Income & Other	29.06	25.69	25.2	23.66	23.56	23.4
Shareholders' Equity	116.01	60.06	65.1	28.58	51.59	60.03
Total Liabilities & Equity	130.5	78.83	79.04	39.74	52.94	60.64

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	0.07	0.18	-	-	-	0.08
Net Cash (Debt)	129.05	77.85	78.42	39.07	42.98	49.15
Net Cash Growth	41.09%	-0.73%	100.74%	-9.10%	-12.55%	-14.27%
Net Cash Per Share	0.94	0.66	0.74	0.39	0.43	0.49
Filing Date Shares Outstanding	148.07	147.72	113.04	99.67	99.55	99.55
Total Common Shares Outstanding	148.07	122.71	113.04	99.55	99.55	99.55
Working Capital	115.58	59.51	64.73	28.19	50.18	57.8
Book Value Per Share	0.78	0.49	0.58	0.29	0.52	0.60
Tangible Book Value	116.01	60.06	65.1	28.58	51.59	60.03
Tangible Book Value Per Share	0.78	0.49	0.58	0.29	0.52	0.60
Machinery	-	0.03	0.33	0.75	1.72	2.35
Leasehold Improvements	-	-	0.03	0.03	0.03	0.03

Data Source: S&P Global Market Intelligence Last updated: Nov 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 7, 2026

Data Sources Report a data error