GoldSpot Discoveries (SPOT) AI Stock Analysis

• Market Cap: C$76.34M
• Dividend Yield: N/A
• Average Volume (3M): 121.74K
• Price to Earnings (P/E): 3.7
• Beta (1Y): 0.94
• Revenue Growth: 37.95%
• EPS Growth: N/A
• Country: CA
• Employees: 32
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.15
• Shares Outstanding: 138,799,090
• 10 Day Avg. Volume: 95,152
• 30 Day Avg. Volume: 121,743
• PEG Ratio: 0.06
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 2.93
• P/FCF Ratio: -6.78
• 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: 76 Outperform
• Price Target: C$0.67 ▲(122.33% Upside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

Overall score is driven mainly by strong financial performance (high profitability and very low leverage), tempered by cash flow weakness (negative operating/free cash flow and steeply negative free cash flow growth). Technicals are bullish but overbought, and valuation looks favorable due to the low P/E.

Positive Factors

High reported profitability

Exceptionally high reported margins indicate the company captures significant value from its services and has a highly profitable cost structure. Durable margins support reinvestment capacity and pricing power in B2B exploration services, underpinning long-term profitability if revenue steadies.

Strong balance sheet and low leverage

Minimal leverage and a robust equity base provide financial flexibility to fund technology investments, take equity stakes in projects, or weather exploration cycles. High ROE reflects efficient capital use, enabling strategic optionality and resilience over multi-quarter horizons.

Technology-driven business model

Proprietary analytics and AI create a sustainable competitive advantage in targeting deposits and improving exploration success rates. This capability supports repeat consulting engagements, strategic partnerships, and potential upside from equity stakes, strengthening long-term growth prospects.

Negative Factors

Negative operating and free cash flow

Persistent negative operating and free cash flows and steep negative FCF growth create liquidity pressure, limiting the firm’s ability to self-fund projects or scale without external capital. Over months this raises funding risk for operations and strategic investments.

Historical margin volatility

While current margins are strong, past volatility in operating margins suggests earnings power can swing with project mix, nonrecurring items, or scaling costs. This variability undermines predictability of sustained profitability and complicates long-term planning for investors and partners.

Revenue concentration and outcome-based upside

Heavy reliance on consulting fees plus project equity or JV outcomes creates variable revenue streams tied to discrete deals and discovery success. Structurally this increases cash and revenue volatility versus recurring SaaS-like models, raising long-term revenue predictability risk.

GoldSpot Discoveries Business Overview & Revenue Model

Company Description

GoldSpot Discoveries (SPOT) is a technology-driven mining company that specializes in mineral exploration and development. Utilizing advanced data analytics, artificial intelligence, and machine learning, GoldSpot enhances the efficiency and effectiveness of mineral exploration, particularly in the gold sector. The company's services include providing geological analysis, targeting mineral deposits, and optimizing exploration strategies for mining companies.

How the Company Makes Money

GoldSpot Discoveries generates revenue primarily through its consulting services, where it partners with mining companies to provide advanced data analytics and exploration solutions. The company charges fees for its proprietary technology and expertise in identifying and evaluating mineral resources. Additionally, GoldSpot may earn revenue through equity stakes in the projects it helps to develop, receiving a share of the value created from successful mineral discoveries. Strategic partnerships with established mining firms also contribute to its earnings, as these collaborations often lead to joint ventures and revenue-sharing agreements.

GoldSpot Discoveries Financial Statement Overview

Summary

Strong profitability and balance sheet strength (high gross/net margins, very low debt-to-equity, strong ROE) support the score, but it is held back by mixed cash flow quality with negative operating/free cash flow and sharply negative free cash flow growth.

Income Statement

GoldSpot Discoveries shows strong profitability with a high gross profit margin of 98.72% and a net profit margin of 133.27% in the TTM (Trailing-Twelve-Months). Revenue growth is positive at 5.95%, indicating a healthy upward trajectory. However, the company has experienced volatility in EBIT and EBITDA margins in previous years, which could pose risks if not stabilized.

Balance Sheet

The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.03, suggesting minimal leverage and financial risk. Return on equity is exceptionally high at 45.36% in the TTM, reflecting efficient use of equity to generate profits. The equity ratio is strong, indicating a stable financial position.

Cash Flow

Cash flow performance is mixed, with negative operating and free cash flows in the TTM, indicating potential liquidity issues. The free cash flow to net income ratio is positive at 1.63, suggesting that free cash flow generation is aligned with net income. However, the negative free cash flow growth rate of -118.88% is concerning and highlights the need for improved cash management.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	15.58M	7.52M	1.93M	-6.84M	16.12M	17.46M
Gross Profit	15.38M	7.00M	686.28K	-8.01M	15.82M	17.46M
EBITDA	23.14M	-5.55M	-17.43M	-24.19M	3.13M	11.97M
Net Income	20.77M	-6.19M	-16.62M	-6.85M	11.04M	10.38M
Balance Sheet
Total Assets	75.18M	44.93M	49.25M	63.27M	73.13M	23.73M
Cash, Cash Equivalents and Short-Term Investments	67.10M	38.82M	42.46M	49.37M	49.73M	22.29M
Total Debt	1.69M	1.76M	2.14M	139.51K	226.74K	281.58K
Total Liabilities	11.40M	7.11M	5.59M	5.18M	12.11M	5.34M
Stockholders Equity	63.78M	37.83M	43.66M	58.10M	61.02M	18.29M
Cash Flow
Free Cash Flow	-140.22K	-3.25M	-17.67M	18.65M	-10.74M	462.11K
Operating Cash Flow	-85.92K	-3.15M	-17.24M	18.66M	-9.44M	486.65K
Investing Cash Flow	-51.70K	-96.02K	-2.94M	206.11K	-8.39M	-700.34K
Financing Cash Flow	-55.23K	-198.38K	56.30K	-74.22K	19.91M	-81.35K

GoldSpot Discoveries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPOT, the sentiment is Positive. The current price of 0.3 is below the 20-day moving average (MA) of 0.45, below the 50-day MA of 0.40, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 64.48 is Neutral, neither overbought nor oversold. The STOCH value of 83.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SPOT.

GoldSpot Discoveries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SPOT	76 Outperform	C$76.34M	3.68	39.00%	―	37.95%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
DCSI	49 Neutral	C$2.49M	-0.47	―	―	33.92%	-402.25%
KNR	44 Neutral	C$104.58M	-3,571.43	-0.42%	―	-59.23%	-100.34%
DM	43 Neutral	C$13.73M	-0.41	-58.58%	―	-56.02%	91.71%
VIS	42 Neutral	C$5.17M	-4.65	-3428.85%	―	-15.33%	47.13%
FARM	40 Underperform	C$8.31M	-0.12	―	―	-18.97%	-55.19%

GoldSpot Discoveries Corporate Events

EarthLabs Reports Strong Q3 2025 Financial Results with Significant Investment Gains

EarthLabs Inc. reported significant financial growth for the third quarter of 2025, with net investment gains reaching $23.1 million, marking a 109.7% return on investments. The company also saw a 55.8% increase in advertising and sponsorship revenue compared to the previous year. EarthLabs ended the quarter with $69.7 million in total cash, cash equivalents, and investments. The company’s strategic focus on disciplined capital allocation and operational efficiency has resulted in substantial net income growth, reinforcing its strong position in the mining sector and indicating promising future prospects.

The most recent analyst rating on (TSE:SPOT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on GoldSpot Discoveries stock, see the TSE:SPOT Stock Forecast page.