Vox Royalty
Buys mining royalties, streams, and offtake interests tied to third-party mines.
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Profile
Buys and manages mining royalties, streams, and related interests instead of operating mines. The portfolio spans producing, development, and exploration assets, with heavy precious-metals exposure and many assets in Australia, Canada, and the United States.
Acquires and manages mining royalty interests, streams, and other offtake-linked interests, giving economic exposure to mines and mineral projects without operating them. The asset base spans producing royalties, development-stage interests, and exploration-stage optionality, with precious metals as the core exposure.
Geography is anchored in Australia, Canada, and the United States, with additional exposure across other mining jurisdictions. Asset growth comes through repeated acquisitions and a proprietary royalty database that supports broader transaction sourcing.
Cash generation depends on third-party mine operators and the timing of project development. Portfolio expansion also depends on financing capacity for acquisitions, while royalty revenue can be concentrated in a small number of interests.
Company facts
Key statistics
Year to date +19.2% · Average volume (30d) 450.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Aug 18, 2026 | Roth Capital | Target | $8 | $7.75 |
| Jun 3, 2026 | Roth Capital | Target | $8 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | $0.04 | $0.24 | +500.0% | $8.1M | $6.2M | −24.3% | −0.58% |
| May 15, 2026Q1 FY26 | $0.06 | $0.34 | +466.7% | $7.7M | $16.0M | +107.6% | 0.00% |
| May 13, 2026Q1 FY26 | $0.06 | $0.09 | +50.0% | $7.8M | $7.4M | −5.6% | +0.64% |
| Nov 12, 2025Q3 FY25 | $0.01 | $0.00 | −69.2% | $5.9M | $3.8M | −35.1% | −4.94% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.7M | $2.8M | $3.8M | $7.4M | $16.0M | $6.2M | |
| Gross profit | $1.9M | $1.7M | $2.4M | $4.1M | $11.6M | $5.7M | |
| Operating income | $103.5K | −$177.8K | $822.7K | $1.6M | $7.1M | $7.6M | |
| Net income | −$359.1K | −$388.0K | $161.7K | $6.5M | $24.5M | $17.0M | |
| Diluted EPS | −$0.01 | −$0.01 | $0.00 | $0.11 | $0.34 | $0.24 | |
| Gross margin | 70.7% | 63.2% | 62.1% | 55.3% | 72.2% | 92.3% | |
| Operating margin | 3.9% | -6.4% | 21.6% | 21.7% | 44.4% | 123.6% |
Fiscal years (4-quarter sums)FY21 $3.7M · FY22 $8.5M · FY23 $12.3M · FY24 $11.0M · FY25 $16.6M
Balance sheet, Jun 30, 2026Cash & short-term investments $31.1M · Total debt $0 · Total assets $163.0M · Shareholders' equity $152.7M
Dividends
Raised for 2 straight years — most recently to $0.015 from $0.0125 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 14 | $0.015 | |
| Mar 31, 2026 | Mar 31 | Apr 14 | $0.015 | raised from $0.0125 |
| Dec 31, 2025 | Dec 31 | Jan 14 | $0.0125 | |
| Sep 30, 2025 | Sep 30 | Oct 14 | $0.0125 | |
| Jun 30, 2025 | Jun 30 | Jul 14 | $0.0125 | |
| Mar 31, 2025 | Mar 31 | Apr 14 | $0.0125 | raised from $0.012 |
| Dec 31, 2024 | Dec 31 | Jan 14 | $0.012 | |
| Sep 27, 2024 | Sep 27 | Oct 11 | $0.012 |
Ownership
Shares outstanding 68.90M · Float 59.96M · 87.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Org Wealth Partners, LLC | 11.07M | 16.07% | 13F | Jul 30, 2026 |
| BlackRock, Inc. | 3.64M | 5.30% | 13G | Jul 30, 2026 |
| Ashford Capital Management Inc | 3.39M | 4.92% | 13F | Aug 21, 2026 |
| Konwave Inc. | 2.99M | 5.90% | 13G | Jan 24, 2025 |
| Floyd Kyle Thomas | 2.89M | 5.70% | 13G | Feb 10, 2025 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Franco-Nevada
Gold-focused royalty leader competing for global royalty deals
- Wheaton Precious Metals
Premier streamer competing for precious-metals stream deals
- Royal Gold
Large royalty-and-stream platform expanded by Sandstorm
- OR Royalties
Tier-1-focused royalty peer with streams and offtakes
- Triple Flag Precious Metals
Gold-and-silver streamer competing in Americas and Australia
- Elemental Royalty
Mid-tier successor to EMX with acquisition and generation model
- Gold Royalty
Gold-focused small-cap royalty aggregator in the Americas
- Metalla Royalty & Streaming
Emerging royalty platform focused on gold, silver, and copper
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vox Royalty | $5.57 | −0.18% | $383.8M | 8.0 | 45.2 | 11.5 | +122.6% |
| Franco-Nevada | $272.44 | +2.35% | $51.33B | 34.8 | 29.7 | 22.2 | +57.3% |
| Wheaton Precious Metals | $152.55 | −0.50% | $69.63B | 34.0 | 29.7 | 21.9 | +84.7% |
| Royal Gold | $263.05 | +0.06% | $22.31B | 28.7 | 21.8 | 14.4 | +114.9% |
| OR Royalties | $36.90 | −1.31% | $7.01B | 24.9 | 22.2 | 17.9 | +120.8% |
| Triple Flag Precious Metals | $34.50 | +1.58% | $7.02B | 17.0 | 25.6 | 14.4 | +37.3% |
| Elemental Royalty | $21.90 | +1.81% | $1.39B | 397.0 | 56.1 | 10.5 | — |
| Gold Royalty | $3.35 | +1.21% | $766.3M | 503.0 | 44.7 | 34.0 | +76.1% |
| Metalla Royalty & Streaming | $10.54 | −0.09% | $984.9M | — | 93.4 | 58.1 | +82.2% |
| Median | 34.0 | 29.7 | 19.9 | +82.2% |