Galiano Gold Inc. is a US-listed company in the gold industry. Its financial year ends in December.
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Galiano Gold Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $448m. Free-cash-flow margin rose to 9.6% from -41.8% a year earlier. It passes 2 of our 3 financial-health checks.
Our model value for Galiano Gold is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Galiano Gold Inc.'s trailing-twelve-month revenue grew 93.6% year on year, with a free-cash-flow margin of 9.6%.
Current signal Revenue growth accelerating: TTM revenue growth rose to 93.6% (+130.4pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for GAU from the sources we follow. See filings →
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Galiano Gold Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.31 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$6.7 ~$5.6–$11 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$0.1 ~$0.0–$0.1 | Left out: out of range vs price (0.04x) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$5.7 ~$6.5–$25 | Included, half weight |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Galiano Gold Inc. with Gold in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Next results: November 5, 2026, after the close. Analysts expect revenue of $162m and EPS of $0.10 (range $0.06 to $0.14) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $0.50 | +126% | $654m | +46% |
| Next | $0.78 | +58% | $914m | +40% |
Next year's EPS estimate has moved −15.0% in 90 days, across 5 analysts.
The consensus EPS forecast for the current fiscal year is −8.4% on 90 days ago. In the last 30 days, 1 analyst raised Galiano Gold Inc.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.54 | $0.92 |
| 60 days ago | $0.49 | $0.78 |
| 30 days ago | $0.49 | $0.78 |
| 7 days ago | $0.51 | $0.82 |
| Now | $0.50 | $0.78 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.10 | $0.09 | −7.7% |
| Mar 2026 | $0.11 | $0.11 | +3.1% |
| Dec 2025 | $0.12 | $0.15 | +25.0% |
| Sept 2025 | $0.08 | −$0.01 | −112.5% |
Adjusted EPS as companies report it, against the average analyst estimate.
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY16 Q4 | $185.2M |
| FY17 Q4 | $256.2M |
| FY18 Q4 | $161.9M |
| FY23 Q4 | $0 |
| FY24 Q4 | $231.3M |
| FY25 Q4 | $447.8M |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY16 Q4 | 7.1% |
| FY17 Q4 | 18.7% |
| FY18 Q4 | 12.2% |
| FY24 Q4 | 8.9% |
| FY25 Q4 | 8.2% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY16 Q4 | -41.8% |
| FY17 Q4 | -0.2% |
| FY18 Q4 | -12.7% |
| FY24 Q4 | -4.8% |
| FY25 Q4 | 9.6% |
| Fiscal year | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|---|
| Income | ||||||
| Revenue | 185 | 256 | 162 | 0 | 231 | 448 |
| Gross profit | 44 | 63 | 33 | 0 | 55 | 66 |
| EBITDA | 66 | 112 | 62 | 20 | 44 | 99 |
| Operating income | 13 | 48 | 20 | 20 | 20 | 37 |
| Net income | −13 | 6 | −141 | 26 | 6 | −29 |
| Diluted EPS | −$0.07 | $0.03 | −$0.64 | $0.12 | $0.02 | −$0.11 |
| Growth (year on year) | ||||||
| Revenue | — | +38.4% | −36.8% | −100.0% | — | +93.6% |
| EBITDA | — | +69.5% | −45.0% | −67.4% | +119.1% | +125.2% |
| Operating income | — | +264.1% | −58.9% | +2.0% | +1.8% | +78.4% |
| Net income | — | — | <−999% | — | −76.5% | −578.8% |
| Diluted EPS | — | — | <−999% | — | −83.3% | −650.0% |
| Margins | ||||||
| Gross margin | 23.5% | 24.4% | 20.3% | — | 23.7% | 14.7% |
| EBITDA margin | 35.7% | 43.8% | 38.1% | — | 19.1% | 22.2% |
| Operating margin | 7.1% | 18.7% | 12.2% | — | 8.9% | 8.2% |
| Net margin | −7.1% | 2.3% | −87.3% | — | 2.6% | −6.5% |
| Free-cash-flow margin | −41.8% | −0.2% | −12.7% | — | −4.8% | 9.6% |
| Cash flow | ||||||
| Cash from operations | 55 | 123 | 33 | −4 | 56 | 158 |
| Capital spending | 132 | 124 | 54 | 0 | 67 | 115 |
| Free cash flow | −77 | −1 | −20 | −4 | −11 | 43 |
| Stock-based pay | 1 | 3 | 2 | 6 | 7 | 10 |
| Free cash flow after stock pay | −78 | −3 | −22 | −10 | −18 | 33 |
| Balance sheet | ||||||
| Cash | 60 | 49 | 10 | 55 | 106 | 108 |
| Total debt | 155 | 156 | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | 95 | 106 | −10 | −55 | −106 | −108 |
| Diluted shares | 199m | 204m | 220m | 225m | 256m | 258m |
| Last 12 months unless stated | GAU | DRD | OR | CMCL | ITRG | AUGO | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $448m | $661m | $277m | $268m | $244m | $922m | $1.8bn |
| Revenue growth, last 12 months | 93.6% | 52.3% | 45.1% | 46.2% | 703.7% | 55.1% | 55.1% |
| Gross margin | 14.7% | 53.5% | 83.8% | 51.2% | 38.8% | 58.0% | 51.2% |
| Operating margin | 8.2% | 51.4% | 70.9% | 41.0% | 27.6% | — | 41.1% |
| Operating margin, 3-year average | — | 26.3% | — | 22.0% | — | — | 26.0% |
| Net margin | −6.5% | 38.1% | 74.3% | 20.6% | −0.9% | −8.6% | 29.6% |
| Cash from operations / revenue | 35.3% | 50.9% | 88.5% | 28.5% | 29.6% | — | 45.2% |
| Free-cash-flow margin | 9.6% | 19.2% | 88.1% | 16.4% | 10.3% | — | 25.2% |
| Free-cash-flow margin, 3-year average | — | 13.8% | — | 6.5% | — | — | 13.8% |
| Stock pay / revenue | 2.3% | 0.4% | 3.0% | — | 0.8% | — | 0.9% |
| Change in share count | 1.0% | 0.4% | 0.8% | 0.4% | 75.5% | 8.4% | 2.8% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Donald Smith & Co., Inc. | $49.3M | 26.3M | 18.3% | ▲ 14.0% |
| Aegis Financial Corp | $26.4M | 14.1M | 9.8% | ▲ 120.4% |
| Ruffer LLP | $24.2M | 13.0M | 9.0% | ▼ 1.7% |
| Franklin Resources Inc | $22.3M | 11.9M | 8.3% | ▼ 2.3% |
| Equinox Partners Investment Management LLC | $17.5M | 9.4M | 6.5% | 0.0% |
| American Century Companies Inc | $14.5M | 7.8M | 5.4% | ▲ 8.8% |
| Connor, Clark & Lunn Investment Management Ltd. | $11.8M | 6.3M | 4.4% | ▲ 15.0% |
| Arrowstreet Capital, Limited Partnership | $10.5M | 5.6M | 3.9% | ▼ 18.6% |
| Pale Fire Capital Se | $9.4M | 5.0M | 3.5% | ▲ 25.9% |
| Van Eck Associates Corp | $8.6M | 4.6M | 3.2% | ▼ 4.7% |
| Renaissance Technologies LLC | $8.2M | 4.4M | 3.0% | ▼ 12.6% |
| Two Sigma Investments, LP | $7.3M | 3.9M | 2.7% | ▼ 15.4% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Galiano Gold Inc.'s complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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