Osisko Development Corp.
ODV, ODVWZ, OSDVF · Gold and Silver Ores · EDGAR filings ↗
Grade
D46Pre-production gold developer burning cash with negative returns, cushioned by a multi-year runway.
Strengths
- ~14 quarters of cash runway (~77th pct) and solid cash balance (~71st pct)
- Gross margin ~78th pct and explosive (low-base) revenue growth (100th pct)
Risks
- Negative operating margin (-2.3x), net margin -4.76x, ROE -24.8%, ROIC -7.8%
- FCF -$88M (~14th pct); pre-cash-flow development risk and capital intensity
Notable findings
- No interest coverageInterest coverage -12.25 (cannot cover interest)
- Net lossNet loss (net margin -476.4%)
- Cash burnNegative free cash flow (-88.3M)
- Strong balance sheetStrong balance sheet — $220M cash & investments, ~10 quarters of runway
Key metrics
Gross margin
60.9%
Operating margin
-230.4%
Net margin
-476.4%
Return on equity
-24.8%
Return on assets
-13.4%
ROIC
-7.8%
Revenue growth (QoQ)
717.2%
Debt / equity
0.2×
Interest coverage
-12.2×
Current ratio
1.4×
Free cash flow
-$88M
Tangible book value
$499M
Cash & investments
$220M
Cash runway
10q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-30 | 2025-12-31 | 0001104659-26-036344 ↗ |
| 40-F | 2025-03-31 | 2024-12-31 | 0001558370-25-004047 ↗ |
| 40-F | 2024-03-29 | 2023-12-31 | 0001558370-24-004310 ↗ |
| 40-F | 2023-04-03 | 2022-12-31 | 0001104659-23-040419 ↗ |