Graphite One (GPH) AI Stock Analysis

• Market Cap: C$386.80M
• Dividend Yield: N/A
• Average Volume (3M): 752.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: N/A
• EPS Growth: -15.48%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 181,595,230
• 10 Day Avg. Volume: 1,607,336
• 30 Day Avg. Volume: 752,281
• PEG Ratio: 0.31
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: C$2.50 ▲(21.36% Upside)

The score is held back primarily by weak financial performance (zero revenue, persistent losses, and negative cash flow), partly offset by a very low-debt balance sheet and improving free cash flow versus 2024. Technicals are a clear positive with strong trend and positive MACD, while valuation remains constrained by a negative P/E and no dividend.

Positive Factors

Low leverage / strong balance sheet

Extremely low leverage and rising equity give the company structural financial flexibility as a pre-revenue developer. Near-zero debt reduces refinancing pressure and interest burden, allowing continued exploration and project development funding without immediate debt-service strain over the medium term.

Potential large-scale export-credit financing

Non-binding EXIM Letters of Interest up to ~$2.07B represent potential structural access to large-scale export-credit financing. If converted into firm support, this could materially de-risk project financing and enable construction and downstream processing capacity beyond reliance on small equity raises.

Strategic critical-minerals asset with REE upside

The Graphite Creek asset contains graphite plus confirmed elevated rare earth elements, which can improve long-term project economics and diversify product offerings. REE presence enhances strategic value amid secular demand for critical battery and industrial materials, aiding downstream processing plans.

Negative Factors

Pre-revenue with sustained cash burn

TTM net losses (~-$8.2M) and negative operating cash flow (~-$5.2M) indicate sustained cash burn without revenue generation. This creates a durable funding need; continued development will likely require external capital, increasing dilution risk and exposing the company to financing availability cycles over the next 2–6+ months.

No revenue or demonstrated production

Zero reported revenue means the firm has no track record of production, pricing power, or margin sustainability. Until commercial production and product sales commence, project economics remain unproven, keeping long-term profitability and scalability uncertain and dependent on successful build-out.

Execution and diligence risk for catalysts

Key positives like EXIM interest and resource upside are non-binding and subject to diligence. Converting LOIs into firm financing, completing permitting, and constructing downstream facilities are multi-year, capital-intensive steps with high execution risk that could delay or impair project realization and returns.

Graphite One Business Overview & Revenue Model

Company Description

Graphite One Inc. operates as mineral exploration company in the United States. It holds interest in the Graphite Creek property that consists of 176 mining claims covering an area of 9,583 hectares located on the Seward Peninsula of Alaska. The company was formerly known as Graphite One Resources Inc. and changed its name to Graphite One Inc. in February 2019. Graphite One Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Graphite One Resources generates revenue primarily through the exploration, development, and future sale of graphite extracted from its Graphite Creek Project. The company plans to monetize its resources by targeting industries with a high demand for graphite, such as battery manufacturers, electronics companies, and other industrial sectors that utilize graphite in their products. Additionally, strategic partnerships and agreements with other companies in the supply chain could provide further revenue opportunities. However, the company is currently in the development stage, and significant revenue generation is contingent upon successful extraction and commercialization of its graphite resources.

Graphite One Financial Statement Overview

Summary

Operating fundamentals are weak due to being pre-revenue with sizable and rising losses (TTM net loss about -$8.2M vs. -$6.5M in 2024) and ongoing cash burn (TTM operating cash flow about -$5.2M; TTM free cash flow about -$12.2M). Offsetting this, the balance sheet is a relative strength with extremely low leverage (debt-to-equity ~0.0% in 2024; ~0.3% TTM) and growing equity over time, providing flexibility despite negative returns.

Income Statement

The company is still pre-revenue (revenue is $0 across the periods provided), which keeps profitability metrics effectively weak. Losses remain sizable: net loss was about -$8.2M in TTM (Trailing-Twelve-Months) versus about -$6.5M in 2024, indicating the cost base is rising. A positive is that losses were larger in 2023 (net loss about -$10.9M), but overall the earnings profile is still meaningfully negative with no demonstrated revenue ramp yet.

Balance Sheet

The balance sheet is a clear strength: leverage is extremely low (debt-to-equity ~0.0% in 2024 and ~0.3% in TTM (Trailing-Twelve-Months)). Equity has also grown over time (about $34.1M in 2021 to about $67.5M in TTM (Trailing-Twelve-Months)), which provides financial flexibility. The main weakness is returns remain negative (return on equity around -13.1% in TTM (Trailing-Twelve-Months)), reflecting ongoing losses and a business still in investment mode.

Cash Flow

Cash generation is weak and consistently negative, with operating cash flow at about -$5.2M in TTM (Trailing-Twelve-Months). Free cash flow is also negative (about -$12.2M in TTM (Trailing-Twelve-Months)), though it improved materially versus 2024 (about -$29.4M), suggesting lower cash spend than the prior year. The key risk remains ongoing cash burn with no revenue yet, which likely implies continued dependence on external funding over time.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	-15.41K	-22.98K	―	―	―
EBITDA	-8.13M	-6.45M	-11.07M	―	-9.48M	-2.07M
Net Income	-8.21M	-6.47M	―	-7.42M	-9.03M	-2.71M
Balance Sheet
Total Assets	72.04M	67.38M	61.51M	52.19M	41.15M	20.91M
Cash, Cash Equivalents and Short-Term Investments	3.59M	4.12M	1.82M	501.70K	6.38M	14.59K
Total Debt	206.24K	0.00	56.17K	156.54K	6.48M	5.65M
Total Liabilities	4.53M	4.86M	2.60M	4.68M	7.09M	7.14M
Stockholders Equity	67.51M	62.52M	58.91M	47.51M	34.06M	13.76M
Cash Flow
Free Cash Flow	-12.16M	-29.39M	-27.85M	-4.14M	-3.55M	-1.87M
Operating Cash Flow	-5.17M	-3.65M	-3.55M	-3.35M	-3.25M	-690.53K
Investing Cash Flow	-7.69M	-1.03M	-15.03M	-13.61M	-12.85M	-1.18M
Financing Cash Flow	11.70M	7.01M	20.05M	11.08M	22.51M	1.78M

Graphite One Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GPH, the sentiment is Neutral. The current price of 2.06 is below the 20-day moving average (MA) of 2.23, above the 50-day MA of 1.92, and above the 200-day MA of 1.19, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 49.36 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:GPH.

Graphite One Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GMX	61 Neutral	C$140.87M	25.83	15.11%	―	-73.34%	16.21%
GPH	53 Neutral	C$386.80M	-27.45	-12.80%	―	―	-15.48%
WM	52 Neutral	C$122.01M	-10.31	-3.76%	―	―	9.35%
NEXT	51 Neutral	C$94.30M	-2.45	-67.77%	―	―	-156.65%
FMS	47 Neutral	C$46.01M	-13.80	-16.33%	―	―	-64.76%
MSR	43 Neutral	C$103.48M	-75.61	-9.76%	―	―	-127.89%

Graphite One Corporate Events

Graphite One Earns Top-10 OTCQX Ranking and Hires ICP for Market Making

Graphite One Inc. has been ranked No. 8 on the 2026 OTCQX Best 50 list, reflecting strong total return and average daily dollar volume growth in 2025, which management views as market validation of its U.S.-focused graphite supply chain strategy. The company has also engaged Toronto-based ICP Securities Inc. to provide automated market making services on the TSX Venture Exchange to enhance liquidity and correct temporary imbalances in trading of its shares, an arrangement structured as a fixed-fee, arm’s length agreement with no performance-based or equity compensation and with ICP bearing its own trading costs.

The most recent analyst rating on (TSE:GPH) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Graphite One stock, see the TSE:GPH Stock Forecast page.

Graphite One Secures EXIM Bank Interest for Up to $2.07 Billion in U.S. Graphite Supply Chain Financing

Graphite One Inc. said the U.S. Export-Import Bank has substantially increased its non-binding Letters of Interest for potential debt financing of the company’s U.S. graphite supply chain to a combined US$2.07 billion, covering both its Graphite Creek mine project in Alaska and its planned advanced graphite materials and anode manufacturing facility in Ohio. The mine-related LoI has been upsized from US$570 million to US$670 million, while the Ohio plant LoI has jumped from US$325 million to US$1.4 billion—enough to support phased production growth to 100,000 metric tons of anode active material annually, with EXIM indicating it could cover about 70% of total project capital costs. Executed under EXIM’s Make More in America and China and Transformational Exports initiatives, the increased support underscores Washington’s push to reduce U.S. dependence on Chinese graphite, potentially granting the project special consideration under EXIM’s mandate to counter Chinese export support. Graphite One is in talks with major North American investment banks and multiple U.S. government departments to complete financing for the remaining 30% of capital needs, positioning the company as a key prospective domestic supplier in the critical minerals and EV battery value chain, pending EXIM’s due diligence and final approval.

The most recent analyst rating on (TSE:GPH) stock is a Buy with a C$2.85 price target. To see the full list of analyst forecasts on Graphite One stock, see the TSE:GPH Stock Forecast page.

Graphite One Confirms Elevated Rare Earth Elements at Alaska Deposit

Graphite One Inc. announced that independent testing has confirmed the presence of elevated levels of magnet and heavy rare earth elements (REEs) at its Graphite Creek deposit in Alaska. The findings suggest that REE recovery could proceed alongside graphite extraction, potentially enhancing the value of the deposit. The presence of these elements underscores the strategic importance of Graphite Creek, especially in light of China’s export restrictions on REEs and graphite. The company plans to collaborate with a U.S. National Lab to develop a testing program for efficient REE extraction, further solidifying its position in the industry.

The most recent analyst rating on (TSE:GPH) stock is a Buy with a C$2.85 price target. To see the full list of analyst forecasts on Graphite One stock, see the TSE:GPH Stock Forecast page.

Graphite One Unveils Rare Earth Elements Discovery at Alaska Deposit

Graphite One Inc. announced the discovery of rare earth elements (REEs) at its Graphite Creek deposit in Alaska, enhancing the site’s value as a significant source of critical materials. The presence of REEs, alongside graphite, positions Graphite Creek as a strategic asset for U.S. industry and national security, especially in light of China’s export restrictions on these materials. The company plans to develop extraction methods for these elements, which are crucial for technology and defense applications, and is in discussions for further funding and development of its supply chain strategy.

The most recent analyst rating on (TSE:GPH) stock is a Buy with a C$2.85 price target. To see the full list of analyst forecasts on Graphite One stock, see the TSE:GPH Stock Forecast page.