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	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Cash & Equivalents	75.65	16.6	12.39	5.87	12.01	0.95
Cash & Short-Term Investments	75.65	16.6	12.39	5.87	12.01	0.95
Cash Growth	868.03%	34.04%	110.94%	-51.12%	1169.10%	2181.59%
Other Receivables	0.72	0.79	0.27	0.72	0.09	0.07
Receivables	0.72	0.79	0.27	0.72	0.09	0.07
Prepaid Expenses	0.99	0.55	0.54	0.17	0.04	0.2
Total Current Assets	77.36	17.95	13.19	6.77	12.14	1.22
Property, Plant & Equipment	70.7	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	148.13	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	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Accounts Payable	1.63	3.97	1.76	2.08	0.29	0.05
Accrued Expenses	0.01	0.02	0.01	0	0.02	0.12
Short-Term Debt	-	-	-	-	0.03	0.03
Current Unearned Revenue	4.73	2.1	0.09	-	1.56	-
Total Current Liabilities	6.37	6.09	1.86	2.08	1.9	0.2
Long-Term Deferred Tax Liabilities	2.99	2.99	0.27	-	-	-
Total Liabilities	9.36	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	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Common Stock	152.34	88.82	55.42	34.72	26.2	12.78
Retained Earnings	-31.28	-30.35	-17.07	-11.62	-11.43	-9.54
Comprehensive Income & Other	17.73	15.86	8.27	3.51	2.52	1.18
Total Common Equity	138.79	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	138.76	74.31	46.79	26.78	17.46	4.58
Total Liabilities & Equity	148.13	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	May 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)	75.65	16.6	12.39	5.87	11.98	0.92
Net Cash Growth	868.03%	34.04%	110.94%	-51.00%	1204.95%	2899.57%
Net Cash Per Share	0.41	0.09	0.11	0.07	0.27	0.07
Filing Date Shares Outstanding	239.49	238.64	164.21	109.44	83.35	40.35
Total Common Shares Outstanding	225.73	196.34	147.58	89.42	75.75	40.35
Working Capital	70.99	11.86	11.33	4.68	10.24	1.01
Book Value Per Share	0.61	0.38	0.32	0.30	0.23	0.11
Tangible Book Value	138.79	74.33	46.62	26.61	17.29	4.41
Tangible Book Value Per Share	0.61	0.38	0.32	0.30	0.23	0.11

Data Source: S&P Global Market Intelligence Last updated: May 31, 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:

Sep 2, 2026

Data Sources Report a data error