Q2 Metals Corp. (TSXV:QTWO)

Q2 Metals Balance Sheet

Financials in millions CAD. Fiscal year is March - February.

Assets

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Cash & Equivalents	70.89	16.6	12.39	5.87	12.01	0.95
Cash & Short-Term Investments	70.89	16.6	12.39	5.87	12.01	0.95
Cash Growth	151.31%	34.04%	110.94%	-51.12%	1169.10%	2181.59%
Other Receivables	1.05	0.79	0.27	0.72	0.09	0.07
Receivables	1.05	0.79	0.27	0.72	0.09	0.07
Prepaid Expenses	1.8	0.55	0.54	0.17	0.04	0.2
Total Current Assets	73.73	17.95	13.19	6.77	12.14	1.22
Property, Plant & Equipment	112.6	65.37	35.7	22.08	7.2	3.55
Long-Term Investments	0.05	0.05	-	-	-	-
Other Long-Term Assets	0.02	0.02	0.02	0.02	0.02	0.02
Total Assets	186.4	83.39	48.91	28.86	19.36	4.78

Liabilities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Accounts Payable	4.03	3.97	1.76	2.08	0.29	0.05
Accrued Expenses	0.02	0.02	0.01	0	0.02	0.12
Short-Term Debt	-	-	-	-	0.03	0.03
Current Unearned Revenue	3.54	2.1	0.09	-	1.56	-
Total Current Liabilities	7.6	6.09	1.86	2.08	1.9	0.2
Long-Term Deferred Tax Liabilities	2.99	2.99	0.27	-	-	-
Total Liabilities	10.59	9.08	2.12	2.08	1.9	0.2

Shareholders' Equity

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Common Stock	188.68	88.82	55.42	34.72	26.2	12.78
Retained Earnings	-32.13	-30.35	-17.07	-11.62	-11.43	-9.54
Comprehensive Income & Other	19.28	15.86	8.27	3.51	2.52	1.18
Total Common Equity	175.83	74.33	46.62	26.61	17.29	4.41
Minority Interest	-0.02	-0.02	0.17	0.17	0.17	0.17
Shareholders' Equity	175.81	74.31	46.79	26.78	17.46	4.58
Total Liabilities & Equity	186.4	83.39	48.91	28.86	19.36	4.78

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Total Debt	-	-	-	-	0.03	0.03
Net Cash (Debt)	70.89	16.6	12.39	5.87	11.98	0.92
Net Cash Growth	151.31%	34.04%	110.94%	-51.00%	1204.95%	2899.57%
Net Cash Per Share	0.35	0.09	0.11	0.07	0.27	0.07
Filing Date Shares Outstanding	241.62	238.64	164.21	109.44	83.35	40.35
Total Common Shares Outstanding	241.62	196.34	147.58	89.42	75.75	40.35
Working Capital	66.14	11.86	11.33	4.68	10.24	1.01
Book Value Per Share	0.73	0.38	0.32	0.30	0.23	0.11
Tangible Book Value	175.83	74.33	46.62	26.61	17.29	4.41
Tangible Book Value Per Share	0.73	0.38	0.32	0.30	0.23	0.11
Machinery	0.29	-	-	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Oct 26, 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 5, 2026

Data Sources Report a data error