Vox Royalty Corp.

VOXR

Basic MaterialsSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Vox Royalty Corp. operates as a mining royalty company. The company holds a portfolio of 70 precious metals royalties in Australia, Canada, the United States of America, South Africa, Brazil, and Peru. The company was founded in 2014 and is based in Westminster, Colorado.

Valuation

Market Cap$395M

Current Price$5.06as of Jun 23, 2026

P/E Ratio67.19

P/B Ratio3.69

EV / EBITDA27.50

EV / Sales23.71

Profitability

Operating Margin14.1%

Net Profit Margin35.4%

EBITDA Margin86.2%

Returns

ROE5.5%

ROCE2.0%

ROIC %6.0%

ROA4.8%

Solvency

Current Ratio2.73

Debt / Equity0.06

Debt / Assets0.05

CFO / Net Profit1.82

Price History▲ 43.75% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$17M▲ 50.5%

EBITDA$14M▲ 227.0%

Net Profit$6M▼ 456.9%

Cash from Ops (CFO)$11M▲ 96.7%

Free Cash Flow (FCF)$-63M▼ 3671.3%

Revenue CAGR 3Y25.0%

Revenue CAGR 5Y-

Net Profit CAGR 3Y161.8%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$17M	$14M	$6M	$-63M	5.5%	50.5%	-456.9%
2024	$11M	$4M	$-2M	$2M	-3.8%	-10.3%	1530.9%
2023	$12M	$5M	$-0M	$-0M	-0.2%	44.7%	-130.8%
2022	$9M	$2M	$0M	$-3M	0.9%	-	-
2021	-	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	8.51	12.31	11.05	16.62
Operating Revenue	-	8.19	12.31	11.05	16.62
Cost Of Revenue	-	1.84	2.33	3.13	6.54
Gross Profit	-	6.66	9.98	7.92	10.08
Operating Expense	-	6.21	6.91	6.82	7.74
Selling General And Administration	-	5.72	6.45	6.47	6.68
Total Expenses	-	8.06	9.24	9.95	14.28
Operating Income	-	0.45	3.07	1.09	2.35
Total Operating Income As Reported	-	0.45	1.73	1.09	1.58
EBITDA	-	2.48	4.93	4.38	14.33
Normalized EBITDA	-	3.41	6.43	4.67	15.23
EBIT	-	0.45	2.41	1.06	7.60
Interest Income	-	0.08	0.40	0.48	0.36
Interest Expense	0	-	0	0.09	0.52
Net Interest Income	-	0.08	0.40	0.17	-0.48
Other Non Operating Income Expenses	2.03	2.20	0.45	-	6.13
Other Income Expense	-	1.26	-1.05	-0.29	5.22
Interest Income Non Operating	-	0.08	0.40	0.48	0.36
Interest Expense Non Operating	0	-	0	0.09	0.52
Net Non Operating Interest Income Expense	-	0.08	0.40	0.17	-0.48
Pretax Income	-	1.80	2.41	0.98	7.09
Tax Provision	-	1.47	2.51	2.62	1.20
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-0.28	-0.45	-0.09	-0.15
Net Income Continuous Operations	-	0.33	-0.10	-1.65	5.89
Net Income From Continuing And Discontinued Operation	-	0.33	-0.10	-1.65	5.89
Net Income From Continuing Operation Net Minority Interest	-	0.33	-0.10	-1.65	5.89
Net Income	-	0.33	-0.10	-1.65	5.89
Net Income Common Stockholders	-	0.33	-0.10	-1.65	5.89
Net Income Including Noncontrolling Interests	-	0.33	-0.10	-1.65	5.89
Normalized Income	-	0.98	0.95	-1.45	6.64
Diluted NI Availto Com Stockholders	-	0.33	-0.10	-1.65	5.89
Basic Average Shares	-	32.82	47.13	50.32	55.39
Diluted Average Shares	-	32.82	47.13	50.32	57.32
Reconciled Depreciation	-	2.03	2.52	3.32	6.72
Reconciled Cost Of Revenue	-	1.84	2.33	3.13	6.54
Total Unusual Items	-	-0.94	-1.50	-0.29	-0.90
Total Unusual Items Excluding Goodwill	-	-0.94	-1.50	-0.29	-0.90
Special Income Charges	-	0	-1.34	0	-0.76
Write Off	0	0	-0.25	-	-
Impairment Of Capital Assets	-	0	1.34	0	0.76
Restructuring And Mergern Acquisition	0.11	0	-	-	-
Gain On Sale Of Security	-	-0.94	-0.16	-0.29	-0.14
Depreciation Amortization Depletion Income Statement	-	0.18	0.18	0.18	0.18
Depreciation And Amortization In Income Statement	-	0.18	0.18	0.18	0.18
General And Administrative Expense	-	5.72	6.45	6.47	6.68
Other Gand A	-	2.20	2.18	1.64	1.77
Salaries And Wages	-	3.53	4.26	4.83	4.92
Total Other Finance Cost	0.11	-	-	0.23	0.32
Other Operating Expenses	-	0.31	0.28	0.16	0.87
Amortization	-	0.18	0.18	0.18	0.18
Amortization Of Intangibles Income Statement	-	0.18	0.18	0.18	0.18
Depreciation Income Statement	0.18	0.18	-	-	-

Peer Comparison

Basic Materials sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Vox Royalty Corp.this co.	VOXR	$395M	67.19	3.69	5.5%	27.50
Intrepid Potash, Inc.	IPI	$499M	44.65	1.02	2.3%	8.06
Lifezone Metals Limited	LZM	$464M	-34.07	6.29	-18.5%	-200.38
Gevo, Inc.	GEVO	$431M	-12.73	0.92	-7.3%	42.14
Mativ Holdings, Inc.	MATV	$423M	-1.25	0.85

Learn while you research

Hand-picked academy chapters to deepen your understanding of Vox Royalty Corp. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$17M

$14M

$6M

$-63M

5.5%

50.5%

-456.9%

2024

$11M

$4M

$-2M

$2M

-3.8%

-10.3%

1530.9%

2023

$12M

$5M

$-0M

-0.2%

44.7%

-130.8%

2022

$9M

$2M

$0M

$-3M

0.9%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

8.51

12.31

11.05

16.62

Operating Revenue

8.19

12.31

11.05

16.62

Cost Of Revenue

1.84

2.33

3.13

6.54

Gross Profit

6.66

9.98

7.92

10.08

Operating Expense

6.21

6.91

6.82

7.74

Selling General And Administration

5.72

6.45

6.47

6.68

Total Expenses

8.06

9.24

9.95

14.28

Operating Income

0.45

3.07

1.09

2.35

Total Operating Income As Reported

0.45

1.73

1.09

1.58

EBITDA

2.48

4.93

4.38

14.33

Normalized EBITDA

3.41

6.43

4.67

15.23

EBIT

0.45

2.41

1.06

7.60

Interest Income

0.08

0.40

0.48

0.36

Interest Expense

0.09

0.52

Net Interest Income

0.08

0.40

0.17

-0.48

Other Non Operating Income Expenses

2.03

2.20

0.45

6.13

Other Income Expense

1.26

-1.05

-0.29

5.22

Interest Income Non Operating

0.08

0.40

0.48

0.36

Interest Expense Non Operating

0.09

0.52

Net Non Operating Interest Income Expense

0.08

0.40

0.17

-0.48

Pretax Income

1.80

2.41

0.98

7.09

Tax Provision

1.47

2.51

2.62

1.20

Tax Rate For Calcs

Tax Effect Of Unusual Items

-0.28

-0.45

-0.09

-0.15

Net Income Continuous Operations

0.33

-0.10

-1.65

5.89

Net Income From Continuing And Discontinued Operation

0.33

-0.10

-1.65

5.89

Net Income From Continuing Operation Net Minority Interest

0.33

-0.10

-1.65

5.89

Net Income

0.33

-0.10

-1.65

5.89

Net Income Common Stockholders

0.33

-0.10

-1.65

5.89

Net Income Including Noncontrolling Interests

0.33

-0.10

-1.65

5.89

Normalized Income

0.98

0.95

-1.45

6.64

Diluted NI Availto Com Stockholders

0.33

-0.10

-1.65

5.89

Basic Average Shares

32.82

47.13

50.32

55.39

Diluted Average Shares

32.82

47.13

50.32

57.32

Reconciled Depreciation

2.03

2.52

3.32

6.72

Reconciled Cost Of Revenue

1.84

2.33

3.13

6.54

Total Unusual Items

-0.94

-1.50

-0.29

-0.90

Total Unusual Items Excluding Goodwill

-0.94

-1.50

-0.29

-0.90

Special Income Charges

-1.34

-0.76

Write Off

-0.25

Impairment Of Capital Assets

1.34

0.76

Restructuring And Mergern Acquisition

0.11

Gain On Sale Of Security

-0.94

-0.16

-0.29

-0.14

Depreciation Amortization Depletion Income Statement

0.18

Depreciation And Amortization In Income Statement

0.18

General And Administrative Expense

5.72

6.45

6.47

6.68

Other Gand A

2.20

2.18

1.64

1.77

Salaries And Wages

3.53

4.26

4.83

4.92

Total Other Finance Cost

0.11

0.23

0.32

Other Operating Expenses

0.31

0.28

0.16

0.87

Amortization

0.18

Amortization Of Intangibles Income Statement

0.18

Depreciation Income Statement

0.18

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Vox Royalty Corp.this co.

VOXR

$395M

67.19

3.69

5.5%

27.50

Intrepid Potash, Inc.

IPI

$499M

44.65

1.02

2.3%

8.06

Lifezone Metals Limited

LZM

$464M

-34.07

6.29

-18.5%

-200.38

Gevo, Inc.

GEVO

$431M

-12.73

0.92

-7.3%

42.14

Mativ Holdings, Inc.

MATV

$423M

-1.25

0.85

Vox Royalty Corp.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Vox Royalty Corp.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on