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Foremost Lithium Resource & Technology (FMSTW) Financials

Foremost Lithium Resource & Technology logo
$0.40 0.00 (-0.23%)
As of 03:57 PM Eastern
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Annual Income Statements for Foremost Lithium Resource & Technology

Annual Income Statements for Foremost Lithium Resource & Technology

This table shows Foremost Lithium Resource & Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025 2026
Period end date 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -3.33 0.71 -3.30 -2.51 -4.94
Consolidated Net Income / (Loss)		 -3.33 0.71 -3.30 -2.51 -4.94
Net Income / (Loss) Continuing Operations		 -3.33 0.71 -3.30 -2.51 -4.94
Total Pre-Tax Income 		-3.34 0.70 -3.30 -2.51 -4.94
Total Operating Income		 -3.17 -0.03 -3.32 -4.05 -6.45
Total Gross Profit		 -2.69 -2.07 -2.15 -2.53 -2.75
Total Revenue		 -2.69 -2.07 -1.48 -1.92 -1.86
Operating Revenue		 -2.69 -2.07 -1.48 -1.92 -1.86
Total Cost of Revenue		 0.00 0.00 0.67 0.61 0.89
Operating Cost of Revenue		 - - 0.67 0.61 0.89
Total Operating Expenses		 0.49 -2.05 1.17 1.52 3.70
Marketing Expense		 - - 0.63 1.00 2.98
Other Operating Expenses / (Income)		 0.49 0.54 0.54 0.52 0.63
Impairment Charge		 - - 0.00 0.00 0.09
Total Other Income / (Expense), net		 -0.16 0.73 0.02 1.53 1.51
Interest Expense		 0.17 -0.06 0.09 0.20 0.12
Interest & Investment Income		 - 0.00 0.01 0.08 2.36
Other Income / (Expense), net		 0.00 0.67 0.11 1.65 -0.73
Income Tax Expense		 -0.01 -0.01 -0.00 0.00 0.00
Weighted Average Basic Shares Outstanding		 3.28M 3.84M 4.52M 7.51M 16.28M
Weighted Average Diluted Shares Outstanding		 3.28M 3.93M 4.52M 7.51M 16.28M
Weighted Average Basic & Diluted Shares Outstanding		 3.28M 3.84M 4.52M 7.51M 13.10M

Quarterly Income Statements for Foremost Lithium Resource & Technology

No quarterly income statements for Foremost Lithium Resource & Technology are available.

Annual Cash Flow Statements for Foremost Lithium Resource & Technology

This table details how cash moves in and out of Foremost Lithium Resource & Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025 2026
Period end date 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -0.25 0.25 -4.66 -2.21 -7.67
Net Cash From Operating Activities		 -0.25 -1.83 -4.48 -1.71 -7.29
Net Cash From Continuing Operating Activities		 -0.25 -1.45 -4.48 -1.71 -7.29
Net Income / (Loss) Continuing Operations		 -3.33 0.71 -3.30 -2.51 -4.94
Consolidated Net Income / (Loss)		 -3.33 0.71 -3.30 -2.51 -4.94
Non-Cash Adjustments To Reconcile Net Income		 2.88 -2.12 -1.60 -2.87 -3.73
Changes in Operating Assets and Liabilities, net		 0.20 -0.03 0.42 3.66 1.39
Net Cash From Investing Activities		 0.00 -0.59 0.00 0.00 0.00
Net Cash From Continuing Investing Activities		 0.00 -0.86 0.00 0.00 0.00
Net Cash From Financing Activities		 0.00 2.67 -0.17 -0.50 -0.38
Net Cash From Continuing Financing Activities		 0.00 2.67 -0.17 -0.50 -0.38
Repayment of Debt		 0.00 0.68 -0.17 -0.50 -0.38
Cash Interest Paid		 0.00 - 0.08 0.08 0.02
Cash Interest Received		 - - 0.00 0.00 0.02

Quarterly Cash Flow Statements for Foremost Lithium Resource & Technology

No quarterly cash flow statements for Foremost Lithium Resource & Technology are available.

Annual Balance Sheets for Foremost Lithium Resource & Technology

This table presents Foremost Lithium Resource & Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025 2026
Period end date 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Total Assets		 6.34 9.83 12 19 28
Total Current Assets		 0.35 0.59 1.10 3.57 4.71
Cash & Equivalents		 0.19 0.42 0.74 3.48 4.55
Prepaid Expenses		 - - - 0.09 0.16
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 0.01 0.00 0.00 16 23
Long-Term Investments		 0.01 0.00 0.00 0.27 0.90
Noncurrent Note & Lease Receivables		 - - - 0.52 0.58
Other Noncurrent Operating Assets		 - - 0.00 15 22
Total Liabilities & Shareholders' Equity		 6.34 9.83 12 19 28
Total Liabilities		 0.94 2.15 2.50 2.26 2.75
Total Current Liabilities		 0.88 2.15 2.01 0.00 0.00
Total Noncurrent Liabilities		 0.06 0.00 0.49 -12 -17
Long-Term Debt		 0.03 0.00 - 0.36 0.00
Other Noncurrent Operating Liabilities		 0.00 0.00 0.49 -13 -17
Total Equity & Noncontrolling Interests		 5.40 7.68 9.76 32 45
Total Preferred & Common Equity		 5.40 7.68 9.68 32 45
Total Common Equity		 5.40 7.68 9.68 32 45
Common Stock		 19 20 24 32 45

Quarterly Balance Sheets for Foremost Lithium Resource & Technology

No quarterly balance sheets for Foremost Lithium Resource & Technology are available.

Annual Metrics And Ratios for Foremost Lithium Resource & Technology

This table displays calculated financial ratios and metrics derived from Foremost Lithium Resource & Technology's official financial filings.

Metric 2022 2023 2024 2025 2026
Period end date 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
DEI Shares Outstanding		 0.00 0.00 5,208,009.00 10,419,966.00 16,280,580.00
DEI Adjusted Shares Outstanding		 0.00 0.00 5,208,009.00 10,419,966.00 16,280,580.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -0.63 -0.24 -0.30
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 22.81% 28.67% -29.70% 2.90%
EBITDA Growth		 0.00% 120.20% -601.84% 25.50% -199.78%
EBIT Growth		 0.00% 120.20% -601.84% 25.50% -199.78%
NOPAT Growth		 0.00% 98.77% -8,433.26% -21.75% -59.50%
Net Income Growth		 0.00% 121.27% -567.00% 23.88% -96.62%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 0.00% -628.88% -144.89% 61.75% -324.82%
Free Cash Flow Firm Growth		 0.00% 0.00% -691.91% -1,632.63% 52.16%
Invested Capital Growth		 0.00% -39.65% -35.05% 1,815.77% 39.48%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 99.61% 100.94% 99.97% 100.00% 100.00%
Interest Burden Percent		 105.20% 109.32% 102.71% 104.93% 68.82%
Effective Tax Rate		 0.00% -0.94% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -61.57% 10.81% -37.89% -12.11% -12.88%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% -115.81% -46.27%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -61.57% 10.81% -37.72% -12.09% -12.88%
Return on Equity Simple (ROE_SIMPLE)		 -61.57% 9.21% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.22 -0.03 -2.33 -2.83 -4.52
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -17.59% 9.68% -9.62% 4.29% -9.67%
Return On Investment Capital (ROIC_SIMPLE)		 - -0.32% -21.95% -8.82% -10.03%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -3.17 0.64 -3.22 -2.40 -7.18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.17 0.64 -3.22 -2.40 -7.18
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.13 0.41
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.13 0.41
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.03 0.33
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.01 0.12 0.09 0.01 0.00
Long-Term Debt to Equity		 0.01 0.00 0.00 0.01 0.00
Financial Leverage		 -1.16 -1.16 -1.17 -0.36 -0.12
Leverage Ratio		 1.17 1.24 1.27 0.76 0.62
Compound Leverage Factor		 1.24 1.35 1.30 0.80 0.43
Debt to Total Capital		 1.20% 10.79% 7.94% 1.13% 0.00%
Short-Term Debt to Total Capital		 0.11% 10.79% 7.94% 0.00% 0.00%
Long-Term Debt to Total Capital		 1.09% 0.00% 0.00% 1.13% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 98.80% 89.21% 91.33% 98.87% 100.00%
Debt to EBITDA		 -0.02 1.45 -0.26 -0.15 0.00
Net Debt to EBITDA		 0.04 0.78 -0.03 1.41 0.00
Long-Term Debt to EBITDA		 -0.02 0.00 0.00 -0.15 0.00
Debt to NOPAT		 -0.03 -34.09 -0.36 -0.13 0.00
Net Debt to NOPAT		 0.06 -18.43 -0.04 1.20 0.00
Long-Term Debt to NOPAT		 -0.03 0.00 0.00 -0.13 0.00
Altman Z-Score		 0.00 0.00 0.00 0.83 3.29
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.44% 0.19% 0.00%
Liquidity Ratios		 - - - - -
Current Ratio		 0.39 0.27 0.55 0.00 0.00
Quick Ratio		 0.21 0.20 0.37 0.00 0.00
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.32 -1.90 -33 -16
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -20.28 -162.58 -133.54
Operating Cash Flow to Interest Expense		 -1.52 0.00 -47.95 -8.48 -61.89
Operating Cash Flow Less CapEx to Interest Expense		 -1.52 0.00 -47.95 -8.48 -61.89
Efficiency Ratios		 - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.57 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 642.41 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - -
Invested Capital		 -0.88 -1.22 -1.65 28 40
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 -0.35 -0.43 30 11
Enterprise Value (EV)		 0.00 0.00 0.00 0.83 13
Market Capitalization		 0.00 0.00 0.00 4.22 18
Book Value per Share		 $1.65 $2.00 $2.14 $6.10 $4.32
Tangible Book Value per Share		 $1.65 $2.00 $2.14 $6.10 $4.32
Total Capital		 5.47 8.61 11 32 45
Total Debt		 0.07 0.93 0.84 0.36 0.00
Total Long-Term Debt		 0.06 0.00 0.00 0.36 0.00
Net Debt		 -0.13 0.50 0.10 -3.39 -5.45
Capital Expenditures (CapEx)		 0.00 -2.37 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.72 -1.06 -0.81 0.09 0.16
Debt-free Net Working Capital (DFNWC)		 -0.53 -0.64 -0.07 3.57 4.71
Net Working Capital (NWC)		 -0.54 -1.57 -0.91 3.57 4.71
Net Nonoperating Expense (NNE)		 1.10 -0.73 0.98 -0.32 0.43
Net Nonoperating Obligations (NNO)		 -6.28 -8.90 -11 -3.39 -5.45
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 5.21M 10.42M 16.28M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 4.52M 10.42M 16.28M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 4.52M 7.51M 13.10M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.22 -1.83 -2.33 -2.83 -4.45
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 -19.22 0.00 -34.40 -11.86 -61.03
NOPAT to Interest Expense		 -13.45 0.00 -24.87 -14.01 -38.37
EBIT Less CapEx to Interest Expense		 -19.22 0.00 -34.40 -11.86 -61.03
NOPAT Less CapEx to Interest Expense		 -13.45 0.00 -24.87 -14.01 -38.37
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 10.41% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Foremost Lithium Resource & Technology

No quarterly metrics and ratios for Foremost Lithium Resource & Technology are available.


Financials Breakdown Chart

Foremost Lithium Resource & Technology Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Foremost Lithium Resource & Technology's financial year ends in March. Their financial year 2026 ended on March 31, 2026.

Foremost Lithium Resource & Technology's net income appears to be on an upward trend, with a most recent value of -$4.94 million in 2026, rising from -$3.33 million in 2022. The previous period was -$2.51 million in 2025.

Foremost Lithium Resource & Technology's total operating income in 2026 was -$6.45 million, based on the following breakdown:
  • Total Gross Profit: -$2.75 million
  • Total Operating Expenses: $3.70 million

Over the last 4 years, Foremost Lithium Resource & Technology's total revenue changed from -$2.69 million in 2022 to -$1.86 million in 2026, a change of -30.7%.

Foremost Lithium Resource & Technology's total liabilities were at $2.75 million at the end of 2026, a 21.8% increase from 2025, and a 191.9% increase since 2022.

In the past 4 years, Foremost Lithium Resource & Technology's cash and equivalents has ranged from $188.64 thousand in 2022 to $4.55 million in 2026, and is currently $4.55 million as of their latest financial filing in 2026.

Over the last 4 years, Foremost Lithium Resource & Technology's book value per share changed from 1.65 in 2022 to 4.32 in 2026, a change of 162.1%.


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Financial statements for NASDAQ:FMSTW last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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