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VOXR

Vox Royalty Corp.

VOXR

Vox Royalty Corp. • NASDAQ
$4.79 ▲ 3.68% (+0.17)
Market Cap $243.67 M
52w High $4.84
52w Low $2.21
Dividend Yield 0.05%
P/E -159.67
Volume 764.30K
Outstanding Shares 50.87M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $2.765M ▲ $1.925M ▲ $-387.957K ▼ -14.03% ▼ $-0.008 ▼ $1.022M ▲
Q1-2025 $2.68M ▼ $1.792M ▼ $-359.14K ▲ -13.4% ▲ $-0.007 ▲ $1.008M ▼
Q4-2024 $2.897M ▲ $2.841M ▲ $-966.494K ▼ -33.358% ▼ $-0.019 ▼ $1.372M ▲
Q3-2024 $2.429M ▼ $1.611M ▼ $-107.613K ▲ -4.431% ▲ $-0.002 ▲ $893.486K ▼
Q2-2024 $2.839M $1.852M $-333.588K -11.752% $-0.007 $986.432K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $10.172M ▲ $62.587M ▲ $20.258M ▲ $42.329M ▼
Q1-2025 $9.146M ▲ $51.009M ▼ $8.355M ▲ $42.655M ▼
Q4-2024 $8.754M ▼ $51.381M ▼ $8.321M ▼ $43.06M ▼
Q3-2024 $9.301M ▲ $53.016M ▲ $8.773M ▲ $44.243M ▼
Q2-2024 $7.803M $52.772M $8.218M $44.554M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-387.957K ▼ $1.757M ▲ $-11.705M ▼ $10.982M ▲ $1.026M ▲ $-10.038M ▼
Q1-2025 $-359.14K ▲ $1.039M ▲ $0 ▲ $-630.539K ▲ $391.476K ▲ $1.039M ▲
Q4-2024 $-966.494K ▼ $125.398K ▼ $-502 ▲ $-660.721K ▼ $-546.898K ▼ $-377.857K ▼
Q3-2024 $-107.613K ▲ $2.112M ▲ $-18.44K ▲ $-594.267K ▲ $1.499M ▲ $2.107M ▲
Q2-2024 $-333.588K $2.009M $-3.14M $-628.191K $-1.763M $-1.114M

Five-Year Company Overview

Income Statement

Income Statement Vox Royalty looks like a young, still‑scaling royalty business. Revenue has only recently started to show up in a meaningful way and remains small, with gross profit essentially matching revenue because the royalty model is light on operating costs. Earnings have hovered close to breakeven over the last few years, with some small swings between modest profit and modest loss. That pattern is typical for a royalty company in its build‑out phase: the cost of building a portfolio shows up early, while the cash flows from royalties arrive later. The key question going forward is whether the growing royalty portfolio can turn this “near breakeven” pattern into consistent, scalable profitability as more underlying mines reach production.

Balance Sheet

Balance Sheet The balance sheet is lean but generally healthy. Assets and shareholders’ equity have been gradually building, consistent with a company that is steadily adding royalties and related rights. Cash levels are modest but positive, and notably there is no financial debt reported, which reduces balance‑sheet risk and interest burden. The absence of leverage gives Vox flexibility but also means growth has so far relied on equity and internally generated funds rather than borrowed money. Overall, the company appears conservatively financed, with a small but strengthening asset base supporting its royalty platform.

Cash Flow

Cash Flow Cash flow trends are cautiously encouraging. Operating cash flow has recently turned positive, suggesting the existing royalty portfolio is starting to generate cash on a recurring basis. Free cash flow has been close to break‑even, occasionally dipping slightly negative as the company spends to acquire or develop new royalty interests. Capital spending has been relatively modest, which fits the asset‑light nature of a royalty business. The big watchpoint is whether cash inflows from maturing royalties can outpace future acquisition spending, allowing Vox to sustain and eventually grow free cash flow without needing frequent new capital.

Competitive Edge

Competitive Edge Vox occupies a niche corner of the mining royalty space, focusing on smaller, often overlooked royalties that large competitors tend to ignore. Its key advantage is a proprietary royalties database and a technical team that uses this data to uncover off‑market deals, often in attractive mining regions like Western Australia. This data‑driven sourcing model can give Vox an edge in finding undervalued opportunities and avoiding competitive auctions. However, the company still competes indirectly with larger, well‑capitalized royalty players, and its smaller scale means it has less diversification and less financial firepower. Its moat is based more on information and process than on sheer size.

Innovation and R&D

Innovation and R&D Innovation at Vox is less about physical mining technology and more about information, analytics, and deal structuring. The proprietary database of thousands of royalties is the core asset: it underpins a systematic way to discover, screen, and price opportunities that others may miss. The firm also experiments with new ways to monetize this data, such as sharing certain datasets for transaction fees, and has been shifting its portfolio mix toward gold and copper, including a large gold royalty package acquired after the period covered by the historical financials. The main risk is execution: the value of this intellectual property depends on whether Vox can keep converting informational advantages into accretive deals and successful portfolio outcomes over time.

Summary

Overall, Vox Royalty looks like an early‑stage, data‑driven royalty company that is transitioning from “build” mode toward a more cash‑generative phase. The income statement and cash flows show a business hovering around breakeven while it invests in growth, supported by a conservative, debt‑free balance sheet. Its competitive strength lies in a proprietary database, a focus on smaller royalties, and technical expertise that together create a differentiated sourcing engine. The opportunity is that, as more underlying mining projects move into production, royalty revenues and cash flows could scale meaningfully from a small base. The main uncertainties are execution risk in acquisitions, the timing and reliability of mine development by partners, and exposure to commodity cycles, all of which will determine whether Vox’s innovative model translates into durable, growing cash generation over the long term.

NEWS

November 14, 2025 · 9:00 AM UTC

Vox Royalty Announces Appointment to Board of Directors

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November 12, 2025 · 4:05 PM UTC

Vox Royalty Announces Q3 2025 Financial Results and Declares Quarterly Dividend

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November 6, 2025 · 9:00 AM UTC

Vox Royalty Announces Q3 2025 Results Release Date

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October 16, 2025 · 6:00 PM UTC

Vox Royalty Announces Changes To Board of Directors

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September 26, 2025 · 2:15 PM UTC

Vox Royalty Completes Acquisition of Transformational Global Gold Portfolio

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