GDRZF (Gold Reserve) EBIT: $-29.34 Mil (TTM As of Mar. 2026)


GDRZF Gold Reserve Ltd GDRZF
30 GF Score
Price $4.54
! 3 Warning Signs
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What is Gold Reserve EBIT?

Gold Reserve GDRZF +3.89% 30 EBIT is $-29.34 Mil as of Mar. 2026. GuruFocus rates GDRZF with a GF Score™ of 30/100. The stock has 3 warning signs investors should review.

Gold Reserve's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-8.25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-29.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gold Reserve's annualized ROC % for the quarter that ended in Mar. 2026 was -4,694.74%. Gold Reserve's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -6,094.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gold Reserve's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -5.52%.

Gold Reserve  (OTCPK:GDRZF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Gold Reserve's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-33.004 * ( 1 - 0% )/( (0.729 + 0.67700000000001)/ 2 )
=-33.004/0.703
=-4,694.74 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=78.83 - 18.587 - ( 78.028 - max(0, 18.754 - 78.268+78.028))
=0.729

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=140.923 - 17.027 - ( 139.625 - max(0, 17.184 - 140.403+139.625))
=0.67700000000001

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Gold Reserve's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-33.004/( ( (0.563 + max(-18.348, 0)) + (0.52 + max(-16.249, 0)) )/ 2 )
=-33.004/( ( 0.563 + 0.52 )/ 2 )
=-33.004/0.5415
=-6,094.92 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.23999999999999) - (18.587 + 0 + 0.0010000000000012)
=-18.348

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.77799999999999) - (17.027 + 0 + 0)
=-16.249

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Gold Reserve's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-29.344/531.844
=-5.52 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gold Reserve EBIT Related Terms

Gold Reserve EBIT Historical Data

* Premium members only.

The historical data trend for Gold Reserve's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gold Reserve EBIT Chart

Gold Reserve Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.06 -7.36 -6.84 -14.28 -33.26

Gold Reserve Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.23 -2.43 -9.02 -12.07 -8.25

GDRZF vs NEM, AU: EBIT Comparison

For the Gold subindustry, Gold Reserve's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gold Reserve EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Gold Reserve's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gold Reserve's EV-to-EBIT falls into.


GDRZF
30GF Score
Gold Reserve Ltd GDRZF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Gold Reserve EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29.34 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-29.34 Mil mean?
Gold Reserve (GDRZF) has a EBIT of $-29.34 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gold Reserve.
Is Gold Reserve's EBIT too high?
Gold Reserve's current EBIT is $-29.34 Mil. Overall, Gold Reserve has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Gold Reserve's EBIT compare to NEM and AU?
Gold Reserve's EBIT of $-29.34 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gold Reserve. Gold Reserve's current EBIT is $-29.34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Reserve stock overvalued right now?
Gold Reserve (GDRZF) has a current EBIT of $-29.34 Mil. The current EBIT is $-29.34 Mil. Gold Reserve's overall GF Score™ is 30/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Gold Reserve (GDRZF), the current EBIT is $-29.34 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Gold Reserve Business Description

Other Exchanges 97Z:GermanyGRZ:Canada
Address 11 Bermudiana Road, Rosebank Centre, 5th Floor, Pembroke, BMU, HM 08
Gold Reserve Ltd is focused on managing and monetizing a collection of legal and arbitral claims. These claims include the CITGO Proceedings, Portugal Attachment Proceedings, and the Siembra Minera Arbitration Proceedings. The company operates in a single operating and reportable segment: pursuing legal claims related to mineral properties.
30GF Score

Get the complete analysis for GDRZF

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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