TRX Gold Corp is a US-listed company in the gold industry. Its financial year ends in August.
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TRX Gold Corp 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 $58m. Free-cash-flow margin held at 6.1%. It passes 2 of our 2 financial-health checks.
Our model value for TRX 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.
TRX Gold Corp's trailing-twelve-month revenue grew 40.0% year on year, with a free-cash-flow margin of 6.1%.
Current signal Revenue growth accelerating: TTM revenue growth rose to 40.0% (+32.6pp 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 TRX from the sources we follow. See filings →
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Next results: November 30, 2026, after the close. Analysts expect revenue of $47m and EPS of $0.02 (range $0.02 to $0.02) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$0.02 | −187% | $178m | +121% |
| Next | $0.10 | +600% | $175m | −2% |
Next year's EPS estimate has moved −41.2% in 90 days, across 1 analysts.
The consensus EPS forecast for the current fiscal year is −250.0% on 90 days ago. In the last 30 days, 0 analysts raised TRX Gold Corp's forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.01 | $0.17 |
| 60 days ago | $0.01 | $0.17 |
| 30 days ago | $0.04 | $0.10 |
| 7 days ago | $0.04 | $0.10 |
| Now | −$0.02 | $0.10 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| May 2026 | $0.04 | $0.03 | −19.5% |
| Feb 2026 | $0.02 | $0.04 | +88.5% |
| Nov 2025 | $0.02 | $0.03 | +34.5% |
| Aug 2025 | $0.02 | $0.02 | +29.2% |
Adjusted EPS as companies report it, against the average analyst estimate.
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY22 Q4 | $15.1M |
| FY23 Q4 | $38.3M |
| FY24 Q4 | $41.2M |
| FY25 Q4 | $57.6M |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY22 Q4 | -64.5% |
| FY23 Q4 | 3.7% |
| FY24 Q4 | 5.0% |
| FY25 Q4 | 6.1% |
| Fiscal year | 2022 Aug 2022 | 2023 Aug 2023 | 2024 Aug 2024 | 2025 Aug 2025 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 15 | 38 | 41 | 58 |
| Gross profit | 9 | 18 | 18 | 24 |
| Net income | −2 | 2 | −0 | 1 |
| Diluted EPS | −$0.02 | $0.01 | $0.00 | $0.00 |
| Growth (year on year) | ||||
| Revenue | — | +153.9% | +7.4% | +40.0% |
| Net income | — | — | −120.9% | — |
| Diluted EPS | — | — | −100.0% | — |
| Margins | ||||
| Gross margin | 62.1% | 47.5% | 43.6% | 41.5% |
| Net margin | −15.4% | 5.9% | −1.1% | 1.2% |
| Free-cash-flow margin | −64.5% | 3.7% | 5.0% | 6.1% |
| Cash flow | ||||
| Cash from operations | 3 | 17 | 15 | 16 |
| Capital spending | 13 | 16 | 13 | 13 |
| Free cash flow | −10 | 1 | 2 | 3 |
| Stock-based pay | 3 | — | — | — |
| Free cash flow after stock pay | −12 | — | — | — |
| Balance sheet | ||||
| Cash | 8 | 8 | 8 | 8 |
| Total debt | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | −8 | −8 | −8 | −8 |
| Last 12 months unless stated | TRX | IDR | ITRG | CMCL | OR | DRD | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $58m | $51m | $244m | $268m | $277m | $661m | $1.8bn |
| Revenue growth, last 12 months | 40.0% | 66.8% | 703.7% | 46.2% | 45.1% | 52.3% | 52.3% |
| Revenue growth, 3-year average | — | 63.0% | — | 27.0% | — | — | 35.2% |
| Revenue growth, latest quarter | — | 13.2% | — | 13.8% | — | — | 14.5% |
| Gross margin | 41.5% | 64.1% | 38.8% | 51.2% | 83.8% | 53.5% | 51.2% |
| Operating margin | — | 45.1% | 27.6% | 41.0% | 70.9% | 51.4% | 41.2% |
| Operating margin, 3-year average | — | 32.5% | — | 22.0% | — | 26.3% | 26.0% |
| Net margin | 1.2% | 44.0% | −0.9% | 20.6% | 74.3% | 38.1% | 29.6% |
| Cash from operations / revenue | 28.3% | 52.7% | 29.6% | 28.5% | 88.5% | 50.9% | 45.2% |
| Free-cash-flow margin | 6.1% | 33.0% | 10.3% | 16.4% | 88.1% | 19.2% | 25.2% |
| Free-cash-flow margin, 3-year average | — | 28.2% | — | 6.5% | — | 13.8% | 13.8% |
| Stock pay / revenue | 16.6% | 1.6% | 0.8% | — | 3.0% | 0.4% | 0.9% |
| Change in share count | 39.5% | 14.4% | 75.5% | 0.4% | 0.8% | 0.4% | 3.0% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Marshall Wace, LLP | $3.7M | 4.5M | 21.9% | ▲ 41.4% |
| Connor, Clark & Lunn Investment Management Ltd. | $2.8M | 3.3M | 16.8% | ▲ 12.8% |
| Citadel Advisors LLC | $1.8M | 2.2M | 11.0% | ▲ 455.6% |
| Morgan Stanley | $1.3M | 1.6M | 7.9% | ▲ 29.1% |
| Jane Street Group, LLC | $848,449 | 1.0M | 5.1% | ▼ 50.3% |
| Millennium Management LLC | $806,903 | 977K | 4.8% | ▲ 282.3% |
| Rossby Financial, Lcc | $678,150 | 822K | 4.0% | 0.0% |
| BNP Paribas Financial Markets | $470,444 | 570K | 2.8% | ▼ 13.3% |
| UBS Group AG | $454,249 | 551K | 2.7% | ▲ 57.3% |
| Navellier & Associates Inc | $313,275 | 380K | 1.9% | ▲ 4.7% |
| Renaissance Technologies LLC | $309,068 | 375K | 1.8% | ▼ 54.2% |
| Susquehanna International Group, LLP | $258,998 | 314K | 1.5% | ▼ 30.6% |
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 TRX Gold Corp'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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