Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
Vista Gold Corp.VGZ · other
GradeNonecomputable_factors_below_threshold: 5 of 14 inputs computable; 7 are required
Reliability0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025
Peer failure rate1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$12.5M to $120M assetstotal assets $16.3M[1]
Standard universeoutsiderevenue above $1M and assets above $10M[1-2]
Warningsthin data, degenerate inputsnot computable: distress, fortress balance sheet
Inputs computable5 of 14
Graded fromfilings received through Mar 11, 2026212 days before the rescan; every figure keyed to the SEC receipt date
Last close$2.682026-10-08; market equity $391.2M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$2$3NovDecJanFebMarAprMayJunJulAugSepOct$2.67
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Mar 21, 2012nonen/aQ3
Mar 21, 2014nonen/aQ2
Mar 21, 2023nonen/aQ1
Mar 21, 2025nonen/aQ2

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Mar 11, 2026; the document on sec.gov.

In this annual report on Form 10-K, unless the context otherwise requires, the terms “we”, “us”, “our”, “Vista”, “Vista Gold”, or the “Company” refer to Vista Gold Corp. and its subsidiaries. References to AUD or A$ refer to Australian currency and USD or $ refer to United States currency, all in thousands, unless specified otherwise, except per share-related, per tonne, and per ounce amounts. Vista Gold Corp. and its subsidiaries operate as a development-stage company in the gold mining industry. Vista does not currently generate cash flows from mining operations.

Warnings [top]

Thin data. 5 of 14 grade factors are computable; minimum is 7
Degenerate inputs. latest revenue or assets are at or below the $100,000 validity floor[1-2]

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 54.9
Gross profitabilitynot computable27.1%
latest aligned inputs end 2018-12-31; latest annual assets end 2025-12-31
Return on invested capitalnot computable10.0%
one or more required annual facts are missing
Accruals ratio(5.0%)[1,3-5](5.9%)54.95062025-12-31
Gross margin stability, five yearsnot computable2.2 pts
five annual gross margins are required; found 1
Solvency, sleeve percentile 50.7
Twelve-month failure probabilitynot computable0.04%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-prime(78.66)[1,6-11]2.0598.73862025-12-31
Net debt to EBITDAnot computable2.52x
one or more required annual facts are missing
Interest coveragenot computable2.18x
interest expense must exceed $100,000
Current ratio12.97x[6-7]1.32x2.85062025-12-31
Growth and financing, sleeve percentile 54.8
Revenue growth, three-year compoundnot computable5.1%
current value must be positive and the base must exceed $100,000
Free cash flow growth, three-year compoundnot computable8.7%
current FCF must be positive and base FCF must exceed $100,000
Reinvestment ratenot computable11.9%
latest aligned inputs end 2024-12-31; latest annual assets end 2025-12-31
Asset growth, three years14.0%[1,5,12-13]4.1%22.04382025-12-31
Net share issuance, one year17.1%[14-15](0.4%)87.63562026-03-09

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 336 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month2.3%2.0%51hotter than 51 of 100 peers
Distance from 52-week high(12.5%)(26.8%)76closer to its high than 76 of 100 peers
EBIT to enterprise valuenot computable4.4%required accounting or market input is missing
Free cash flow yield(1.8%)4.1%20pricier than 80 of 100 peers
Book value to price0.130.3422pricier than 78 of 100 peers
Sales to price0.000.700pricier than 100 of 100 peers
Composite equity issuance, five years34.5%(8.8%)90more equity-funded than 90 of 100 peers
Relative strength against the sector, log excess return(0.12)(0.13)51ahead of 51 of 100 peers

Inputs: market equity $389.7M; EBIT -$9.3M; free cash flow -$7.2M; book equity $50.8M; sales $0; cash $49.5M[16].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero(39.5%)✗ fail[3,5]
Operating cash flow above zero-$6.6M✗ fail[4]
Return on assets improved(165.4 pts)✗ fail[3,5,12,17]
Operating cash flow exceeds net income$885,000✓ pass[3-4]
Long-term leverage felln/a[1,5,12]
Current ratio improved(376.5 pts)✗ fail[6-7,18-19]
No new shares issued17.1%✗ fail[14-15]
Gross margin improvedn/a
Asset turnover improved0.0 pts✗ fail[2,5,12,20]
Cash, filings, liquidity
Cash and equivalents$49.5M[21]
Operating cash flow, four quarters-$7.2M[4,21-25]
Months of runway82.3
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing72
10-Q received Jul 29, 2026
Median daily dollar volume$2.7M
63 sessions
Days since newest grade input212

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$16.3M2025-12-312026-03-1110-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$02025-12-312026-03-1110-Kfiling · viewer · series
3net incomeus-gaap:NetIncomeLoss-$7.5M2025-12-312026-03-1110-Kfiling · viewer · series
4operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$6.6M2025-12-312026-03-1110-Kfiling · viewer · series
5assetsus-gaap:Assets$19.0M2024-12-312026-03-1110-Kfiling · viewer · series
6current assetsus-gaap:AssetsCurrent$14.1M2025-12-312026-03-1110-Kfiling · viewer · series
7current liabilitiesus-gaap:LiabilitiesCurrent$1.1M2025-12-312026-03-1110-Kfiling · viewer · series
8retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$467.7M2025-12-312026-03-1110-Kfiling · viewer · series
9operating incomeus-gaap:OperatingIncomeLoss-$9.3M2025-12-312026-03-1110-Kfiling · viewer · series
10book equityus-gaap:StockholdersEquity$15.1M2025-12-312026-03-1110-Kfiling · viewer · series
11liabilitiesus-gaap:Liabilities$1.2M2025-12-312026-03-1110-Kfiling · viewer · series
12assetsus-gaap:Assets$8.9M2023-12-312025-02-2810-Kfiling · viewer · series
13assetsus-gaap:Assets$11.0M2022-12-312024-03-1410-Kfiling · viewer · series
14shares outstandingdei:EntityCommonStockSharesOutstanding144,947,5202026-03-092026-03-1110-Kfiling · viewer · series
15shares outstandingdei:EntityCommonStockSharesOutstanding123,752,0112025-02-242025-02-2810-Kfiling · viewer · series
16shares outstandingdei:EntityCommonStockSharesOutstanding145,971,3462026-07-242026-07-2910-Qfiling · viewer · series
17net incomeus-gaap:NetIncomeLoss$11.2M2024-12-312026-03-1110-Kfiling · viewer · series
18current assetsus-gaap:AssetsCurrent$17.5M2024-12-312026-03-1110-Kfiling · viewer · series
19current liabilitiesus-gaap:LiabilitiesCurrent$1.0M2024-12-312026-03-1110-Kfiling · viewer · series
20revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$02024-12-312026-03-1110-Kfiling · viewer · series
21cashus-gaap:CashAndCashEquivalentsAtCarryingValue$49.5M2026-06-302026-07-2910-Qfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$4.7M2026-06-302026-07-2910-Qfiling · viewer · series
23operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$2.2M2026-03-312026-04-3010-Qfiling · viewer · series
24operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$4.6M2025-09-302025-11-1210-Qfiling · viewer · series
25operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$4.1M2025-06-302026-07-2910-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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GitHub · ezrakruger.cc
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bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026