Tearsheet

Vox Royalty (VOXR)


Market Price (6/23/2026): $5.13 | Market Cap: $352.4 MilSector: Materials | Industry: Precious Metals & Minerals

Vox Royalty (VOXR)


Market Price (6/23/2026): $5.13
Market Cap: $352.4 Mil
Sector: Materials
Industry: Precious Metals & Minerals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.3%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 176%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 83%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40%

Megatrend and thematic drivers
Megatrends include Battery Technology & Metals, Renewable Energy Transition, and Sustainable Resource Management. Themes include Rare Earth Elements, Show more.

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -164%

Key risks
VOXR key risks include [1] concerns regarding its financial sustainability and high dividend payout ratio, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.3%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 176%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 83%
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40%
4 Megatrend and thematic drivers
Megatrends include Battery Technology & Metals, Renewable Energy Transition, and Sustainable Resource Management. Themes include Rare Earth Elements, Show more.
5 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%
6 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -164%
7 Key risks
VOXR key risks include [1] concerns regarding its financial sustainability and high dividend payout ratio, Show more.

VOXR in ETFs

Weight = VOXR's share of each fund

VTWO0.01%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/15/2026

Vox Royalty (VOXR) stock has lost about 20% since 2/28/2026 because of the following key factors:

1. Disappointing Fiscal Q4 2025 Earnings.

Vox Royalty reported its fiscal Q4 2025 (ended December 31, 2025) results on March 30, 2026, with an earnings per share (EPS) of $0.01, missing analysts' consensus estimates of $0.06 by $0.05.

2. Market Skepticism Following Fiscal Q1 2026 Earnings Due to Lack of Revenue Clarity and Non-Recurring Gains.

Despite reporting a significant EPS of $0.34 for fiscal Q1 2026 (ended March 31, 2026), dramatically exceeding the consensus estimate of $0.0408, the stock fell by 12.2% in a single trading session on June 5, 2026. This negative reaction was attributed to the absence of reported revenue figures and market concerns that the strong EPS was partly driven by a $16.5 million revaluation gain on its Global Gold Portfolio, raising questions about the sustainability and recurring nature of these earnings.

Show more
Updated on 6/15/2026

Vox Royalty (VOXR) stock has lost about 20% since 2/28/2026 because of the following key factors:

1. Disappointing Fiscal Q4 2025 Earnings.

Vox Royalty reported its fiscal Q4 2025 (ended December 31, 2025) results on March 30, 2026, with an earnings per share (EPS) of $0.01, missing analysts' consensus estimates of $0.06 by $0.05.

2. Market Skepticism Following Fiscal Q1 2026 Earnings Due to Lack of Revenue Clarity and Non-Recurring Gains.

Despite reporting a significant EPS of $0.34 for fiscal Q1 2026 (ended March 31, 2026), dramatically exceeding the consensus estimate of $0.0408, the stock fell by 12.2% in a single trading session on June 5, 2026. This negative reaction was attributed to the absence of reported revenue figures and market concerns that the strong EPS was partly driven by a $16.5 million revaluation gain on its Global Gold Portfolio, raising questions about the sustainability and recurring nature of these earnings.

3. Negative Forward Earnings Outlook.

The company's earnings are projected to decrease by 20% in the coming year, with expected EPS falling from $0.20 to $0.16 per share. This anticipated decline contributes to investor apprehension regarding Vox Royalty's future profitability.

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Stock Movement Drivers

Fundamental Drivers

The -20.0% change in VOXR stock from 2/28/2026 to 6/22/2026 was primarily driven by a -56.8% change in the company's P/S Multiple.
(LTM values as of)22820266222026Change
Stock Price ($)6.415.13-20.0%
Change Contribution By: 
Total Revenues ($ Mil)1230146.6%
P/S Multiple27.211.8-56.8%
Shares Outstanding (Mil)5269-24.8%
Cumulative Contribution-20.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/22/2026
ReturnCorrelation
VOXR-20.0% 
Market (SPY)8.8%63.0%
Sector (XLB)-2.9%56.3%

Fundamental Drivers

The 7.7% change in VOXR stock from 11/30/2025 to 6/22/2026 was primarily driven by a 146.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)113020256222026Change
Stock Price ($)4.765.137.7%
Change Contribution By: 
Total Revenues ($ Mil)1230146.6%
P/S Multiple20.211.8-41.9%
Shares Outstanding (Mil)5269-24.8%
Cumulative Contribution7.7%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/22/2026
ReturnCorrelation
VOXR7.7% 
Market (SPY)9.5%52.3%
Sector (XLB)16.6%50.7%

Fundamental Drivers

The 46.8% change in VOXR stock from 5/31/2025 to 6/22/2026 was primarily driven by a 176.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120256222026Change
Stock Price ($)3.505.1346.8%
Change Contribution By: 
Total Revenues ($ Mil)1130176.4%
P/S Multiple16.411.8-28.1%
Shares Outstanding (Mil)5169-26.1%
Cumulative Contribution46.8%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/22/2026
ReturnCorrelation
VOXR46.8% 
Market (SPY)27.7%39.6%
Sector (XLB)21.9%39.2%

Fundamental Drivers

The 108.6% change in VOXR stock from 5/31/2023 to 6/22/2026 was primarily driven by a 182.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120236222026Change
Stock Price ($)2.465.13108.6%
Change Contribution By: 
Total Revenues ($ Mil)1130182.3%
P/S Multiple10.411.812.8%
Shares Outstanding (Mil)4569-34.5%
Cumulative Contribution108.6%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/22/2026
ReturnCorrelation
VOXR108.6% 
Market (SPY)85.1%21.8%
Sector (XLB)46.0%27.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
VOXR Return--13%-10%16%105%8%101%
Peers Return12%-5%-6%9%120%-7%124%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
VOXR Win Rate-33%33%42%75%50% 
Peers Win Rate57%48%37%52%73%40% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
VOXR Max Drawdown---37%-29%-17%-27% 
Peers Max Drawdown-25%-41%-36%-23%-20%-36% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FNV, RGLD, OR, TFPM, GROY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/22/2026 (YTD)

How Low Can It Go

EventVOXRS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-21.2%-9.5%
  % Gain to Breakeven26.9%10.5%
  Time to Breakeven252 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-24.1%-24.5%
  % Gain to Breakeven31.7%32.4%
  Time to Breakeven22 days427 days

Compare to FNV, RGLD, OR, TFPM, GROY

In The Past

Vox Royalty's stock fell -8.8% during the 2025 US Tariff Shock. Such a loss loss requires a 9.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventVOXRS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-21.2%-9.5%
  % Gain to Breakeven26.9%10.5%
  Time to Breakeven252 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-24.1%-24.5%
  % Gain to Breakeven31.7%32.4%
  Time to Breakeven22 days427 days

Compare to FNV, RGLD, OR, TFPM, GROY

In The Past

Vox Royalty's stock fell -8.8% during the 2025 US Tariff Shock. Such a loss loss requires a 9.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Vox Royalty (VOXR)

Vox Royalty Corp. (VOXR) operates as a mining royalty and streaming company. Unlike traditional mining companies that directly explore for, develop, and operate mines, Vox Royalty generates revenue by acquiring interests in mining projects owned and operated by third-party companies. This business model typically involves providing upfront capital to mining operators in exchange for either a percentage of future production revenue (a royalty) or a portion of the actual metal produced from a mine (a stream).

The company's main "products" are these diversified streams of revenue and physical commodities derived from its underlying mining interests, providing investors with exposure to mining production without the direct operational risks and capital expenditures. Vox Royalty holds an extensive portfolio of 56 royalties and streaming assets, alongside one royalty option. These assets are geographically diverse, spanning major mining jurisdictions across Australia, Canada, Peru, Brazil, South Africa, Mexico, the United States, and other international locations. This broad exposure to various assets and regions helps to mitigate risk and capture opportunities across numerous mineral commodities.

AI Analysis | Feedback

Here are a few analogies to describe Vox Royalty:

  • Think of Vox Royalty like a Real Estate Investment Trust (REIT), but instead of owning buildings and collecting rent, Vox owns rights to future production or revenue from many different mines globally.

  • It's similar to a music publishing company, but instead of collecting royalties on songs, Vox Royalty collects royalties on the minerals extracted from mines around the world.

AI Analysis | Feedback

  • Mining Royalties: Vox acquires interests that entitle it to receive a percentage of the revenue or profit from mineral production on specific mining properties.
  • Streaming Agreements: Vox provides upfront financing to mining companies in exchange for the right to purchase a fixed percentage of future mineral production at a pre-determined, usually low, price.
  • Royalty Options: Vox holds the contractual right, but not the obligation, to acquire a future royalty interest on a mining asset under specified terms.

AI Analysis | Feedback

Vox Royalty Corp. operates as a mining royalty and streaming company. In this business model, Vox Royalty generates revenue by holding royalty and streaming interests in various mining properties. The payments for these royalties and streams are made by the companies that operate and develop these mineral properties.

Therefore, Vox Royalty's "customers" are other companies, specifically the operating mining companies that are responsible for the production and development of the assets where Vox Royalty holds its interests. These companies make royalty or stream payments to Vox Royalty based on their activities.

Based on the provided background information, while Vox Royalty holds a portfolio of 56 royalties and streaming assets across various geographies (including Australia, Canada, Peru, Brazil, South Africa, Mexico, the United States, Madagascar, the Cayman Islands, and Nigeria), the specific names of the major operating mining companies that make these payments are not identified.

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AI Analysis | Feedback

Kyle Floyd Chief Executive Officer & Chairman

Mr. Floyd is the founder, Chairman, and Chief Executive Officer of Vox Royalty Corp.. He created the concept, built the team, and raised the capital to launch Vox's operations as a metal royalty company. Vox Royalty was founded in 2014, with Mr. Floyd having started building it in late 2012. Prior to Vox, Mr. Floyd held the position of Vice President – Practice Lead of the global mining investment banking department at ROTH Capital Partners, where he led business development and advised on nearly $1 billion across more than 60 transactions, including M&A assignments, private placements, IPOs, and follow-up offerings.

Pascal Attard Chief Financial Officer & Corporate Secretary

Mr. Attard has served as the Chief Financial Officer of Vox Royalty Corp. since December 2019. Before joining Vox, he was the Chief Financial Officer of Delivra Corp. until November 2019. In this role, Mr. Attard was instrumental in successfully guiding Delivra Corp. through the sale of its business in July 2019. He also held positions as Vice-President of Finance and Corporate Controller during his four-year tenure at Delivra Corp..

Spencer Cole Chief Investment Officer

Mr. Cole co-founded MRO (Mineral Royalties Online), a specialist marketplace and brokerage for mineral royalties, which was subsequently sold to SilverStream (Vox Royalty) in 2019. While at MRO, he was involved in over $1 billion of royalty transactions. Mr. Cole brings over 10 years of experience from BHP, South32, and UBS Investment Bank, where he held various commercial and technical mining roles. At BHP, he worked in the Group Acquisitions & Divestments team and participated in several royalty transactions, including the demerger of South32 Royalty Investments Pty Ltd..

Riaan Esterhuizen Executive Vice President, Australia

Mr. Esterhuizen co-founded MRO, a specialist marketplace/brokerage for mineral royalties, and served as its Principal Advisor. MRO was subsequently sold to SilverStream (Vox Royalty) in 2019. Before co-founding MRO, he spent 10 years (2004 to 2014) at BHP as an Exploration Project Manager and Global Commercial Manager. His responsibilities at BHP included commercial oversight for worldwide exploration activities, managing the company's global exploration royalty portfolio, and exploration mining rights. He led the due diligence efforts to bring the royalty portfolio to good standing and managed the sale process for marketing the portfolio to investors.

Adrian Cochrane VP of Legal Affairs & General Counsel

Mr. Cochrane possesses extensive legal experience in Canada and the Cayman Islands. Prior to joining Vox Royalty, he worked as a solicitor at Blake, Cassels & Graydon LLP in Toronto and Walkers in Grand Cayman. In these roles, he advised clients on capital markets matters, mergers and acquisitions, international corporate reorganizations, and private equity transactions. He also served as in-house counsel to a significant private investment firm based in Grand Cayman.

AI Analysis | Feedback

Here are the key risks to Vox Royalty Corp. (VOXR):

  1. Commodity Price Volatility: Vox Royalty's revenue is highly sensitive to fluctuations in commodity prices, particularly gold, which constitutes approximately 80% of its revenue. A significant correction in gold or silver prices poses a considerable risk to the company's financial performance.
  2. Reliance on Third-Party Operators and Project Execution Risk: As a royalty and streaming company, Vox Royalty's income generation depends heavily on the operational performance and development success of mines managed by third-party operators. Delays in project execution, underperformance of these mines, or the finite lifespan of mining assets (asset depletion) can directly impact the company's royalty receipts and future revenue growth.
  3. Liquidity and Market Capitalization Risk: Vox Royalty is identified as a micro-cap or small-cap company, and its shares may experience limited liquidity. This can deter larger institutional investors and potentially lead to higher stock price volatility.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable market for Vox Royalty, a company operating in the mining royalty and streaming sector, can be understood as the global market for financing mining projects through royalty and streaming agreements. This market has seen significant growth in recent years. The mining royalty and streaming sector grew to more than US$15 billion in 2019. While this sector constituted a smaller fraction of total mining industry financing (1% to 3% of debt and equity financing from 2017 to 2019), it is projected for significant growth. Looking ahead, an industrial assessment identified that streaming and royalty financing for 12 key metals could potentially yield up to US$1.4 trillion in secondary revenues globally by the end of the decade. This indicates a substantial and expanding addressable market on a global scale.

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Expected Drivers of Future Revenue Growth for Vox Royalty (VOXR)

Over the next 2-3 years, Vox Royalty Corp. (VOXR) is anticipated to experience revenue growth driven by several key factors, including the full impact of recent acquisitions, increased production from expanded operations, the activation of new royalty streams, its ongoing strategic acquisition program, and a favorable commodity price environment.

  • Full-Year Contributions from Recently Acquired Core Assets: Vox Royalty expects significant revenue generation from its Global Gold Portfolio, acquired on September 26, 2025, which will provide a full year of gold metal deliveries in 2026. Additionally, the Kanmantoo copper royalty, acquired on May 15, 2025, is projected to contribute consistent quarterly revenues in 2026, with an anticipated production of 12,750 to 14,000 tonnes of copper.
  • Increased Production Capacity from Key Existing Assets: A major expansion at the Binduli North gold project in Western Australia, approved in July 2025, has boosted crushing and grinding capacity by 40%, from 5 million tonnes per annum (Mtpa) to 7 Mtpa. This expansion is expected to drive long-term production growth and, consequently, increased royalty receipts for Vox.
  • Bringing New Royalties into Production: Vox Royalty anticipates receiving initial revenues from multiple new royalties throughout 2026, including assets such as the Mt Ida and Horseshoe Lights royalties, and milestone payments from the Castle Hill and Federation royalties. The company projects an increase in its number of producing assets from 14 to 22 within the next two to three years, further diversifying and growing its revenue base.
  • Continued Strategic Royalty Acquisitions: Vox Royalty's "blue ocean" acquisition strategy, which has resulted in the acquisition of over 60 royalties since 2020, is expected to continue expanding its portfolio. This strategy focuses on identifying undervalued royalty opportunities and adding high-return assets across a diverse commodity base and top-tier mining jurisdictions.
  • Favorable Commodity Price Environment: The company operates in a constructive macroeconomic environment characterized by record gold and copper prices. As a royalty and streaming company, Vox Royalty benefits from this environment, as its revenue is directly tied to the top-line production and prices of these key commodities.

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Share Repurchases

  • Vox Royalty Corp. announced a share repurchase program on March 13, 2025, authorizing the repurchase of up to $1.5 million worth of its common shares.

Share Issuance

  • Vox Royalty has seen an increase in its shares outstanding, with a 1.90% increase in the last 12 months.
  • The number of shares outstanding was approximately 68.27 million recently.
  • Shares outstanding have generally increased from 2021 to 2025.

Outbound Investments

  • Vox Royalty's core business involves the acquisition of royalties and streaming assets.
  • Since the beginning of 2020, the company has announced over 25 separate transactions to acquire more than 60 royalties.
  • The company's portfolio has grown to over 80 assets across various jurisdictions.

Capital Expenditures

  • Vox Royalty, as a pure royalty/streaming business, generally requires no capital expenditures related to mine operating risk.
  • Reported capital expenditures for Vox Royalty primarily reflect the acquisition costs of royalty assets.
  • In the last 12 months, capital expenditures amounted to -$70.87 million or -$14.96 million, indicating significant investment in royalty acquisitions.

Better Bets vs. Vox Royalty (VOXR)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Is Vox Royalty Stock Built to Withstand a Pullback?10/17/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

VOXRFNVRGLDORTFPMGROYMedian
NameVox Roya.Franco-N.Royal Go.OR Royal.Triple F.Gold Roy. 
Mkt Price5.13220.73214.6533.8929.862.8031.88
Mkt Cap0.442.618.26.46.20.66.3
Rev LTM302,1051,30632545320389
Op Inc LTM91,5698392442704257
FCF LTM-49-423-244141179-93-71
FCF 3Y Avg-164918951152-5750
CFO LTM251,7258622713608316
CFO 3Y Avg121,2086121942523223

Growth & Margins

VOXRFNVRGLDORTFPMGROYMedian
NameVox Roya.Franco-N.Royal Go.OR Royal.Triple F.Gold Roy. 
Rev Chg LTM176.4%71.8%71.0%61.8%54.4%89.9%71.4%
Rev Chg 3Y Avg59.7%23.2%32.4%26.5%40.6%71.2%36.5%
Rev Chg Q498.3%76.6%142.5%87.3%78.7%128.7%108.0%
QoQ Delta Rev Chg LTM80.4%15.5%26.8%17.3%16.7%25.9%21.6%
Op Inc Chg LTM1,494.1%92.5%75.6%78.3%83.1%226.1%87.8%
Op Inc Chg 3Y Avg492.7%32.7%46.2%44.5%60.7%109.0%53.4%
Op Mgn LTM31.2%74.5%64.2%75.0%59.6%20.1%61.9%
Op Mgn 3Y Avg20.1%67.3%58.9%61.8%50.7%-45.3%54.8%
QoQ Delta Op Mgn LTM17.1%3.0%-0.3%2.1%3.9%9.3%3.4%
CFO/Rev LTM83.1%82.0%66.0%83.4%79.5%41.5%80.7%
CFO/Rev 3Y Avg61.1%79.6%70.4%81.5%78.1%0.1%74.3%
FCF/Rev LTM-164.2%-20.1%-18.7%43.4%39.6%-472.9%-19.4%
FCF/Rev 3Y Avg-48.5%9.1%35.2%15.3%51.3%-511.7%12.2%

Valuation

VOXRFNVRGLDORTFPMGROYMedian
NameVox Roya.Franco-N.Royal Go.OR Royal.Triple F.Gold Roy. 
Mkt Cap0.442.618.26.46.20.66.3
P/S11.820.213.919.513.632.716.7
P/Op Inc37.727.121.726.122.8162.326.6
P/EBIT11.024.422.821.317.4113.022.0
P/E11.531.028.725.019.8-578.122.4
P/CFO14.124.721.123.417.178.722.3
Total Yield9.6%3.4%4.2%4.6%5.0%-0.2%4.4%
Dividend Yield0.8%0.2%0.7%0.6%0.0%0.0%0.4%
FCF Yield 3Y Avg-4.0%0.5%2.6%0.6%3.7%-13.7%0.5%
D/E0.00.00.00.00.00.00.0
Net D/E-0.0-0.00.0-0.0-0.0-0.0-0.0

Returns

VOXRFNVRGLDORTFPMGROYMedian
NameVox Roya.Franco-N.Royal Go.OR Royal.Triple F.Gold Roy. 
1M Rtn-13.6%-2.2%-2.6%-4.8%-2.7%-10.8%-3.7%
3M Rtn4.8%-2.5%-3.5%-1.2%-5.5%-12.8%-3.0%
6M Rtn-2.7%3.2%-7.0%-7.9%-13.9%-32.7%-7.5%
12M Rtn43.1%34.1%20.7%32.2%21.7%21.7%27.0%
3Y Rtn123.2%63.5%94.8%131.8%131.6%60.9%109.0%
1M Excs Rtn-15.7%-2.3%-4.3%-6.5%-6.2%-13.6%-6.4%
3M Excs Rtn-9.4%-15.5%-14.9%-11.6%-16.9%-26.0%-15.2%
6M Excs Rtn-7.2%-4.9%-14.2%-15.4%-22.2%-40.8%-14.8%
12M Excs Rtn17.4%7.3%-4.1%6.3%-2.5%1.8%4.0%
3Y Excs Rtn58.0%-13.7%17.7%52.2%47.1%-23.5%32.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Royalty Interests1211   
Streams and other interests50   
Acquisition of royalty, streams and other interests  1294
Total17111294


Operating Income by Segment
$ Mil20252024
Royalty Interests68
Streams and other interests20
Share-based compensation-2-2
General and administration-5-5
Total21


Assets by Segment
$ Mil2025202420202019
Streams and other interests600  
Royalty Interests5341  
Other assets1011  
Acquisition of royalty, streams and other interests  155
Total12351155


Price Behavior

Price Behavior
Market Price$5.13 
Market Cap ($ Bil)0.4 
First Trading Date10/10/2022 
Distance from 52W High-20.0% 
   50 Days200 Days
DMA Price$5.60$4.98
DMA Trendupup
Distance from DMA-8.4%2.9%
 3M1YR
Volatility54.6%54.3%
Downside Capture277.08199.61
Upside Capture172.67188.00
Correlation (SPY)65.4%42.3%
VOXR Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta3.052.312.172.041.560.59
Up Beta4.842.222.712.211.870.41
Down Beta1.121.670.361.200.680.49
Up Capture292%164%193%302%273%63%
Bmk +ve Days13283667141432
Stock +ve Days11233262128355
Down Capture307%398%275%193%144%87%
Bmk -ve Days7132757109318
Stock -ve Days8173059115357

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VOXR
VOXR42.5%54.2%0.85-
Sector ETF (XLB)21.1%17.5%0.9440.7%
Equity (SPY)26.1%12.4%1.5942.1%
Gold (GLD)24.1%27.5%0.7760.3%
Commodities (DBC)18.5%18.8%0.7711.3%
Real Estate (VNQ)11.8%13.8%0.5716.6%
Bitcoin (BTCUSD)-40.2%42.5%-1.0934.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VOXR
VOXR15.2%46.8%0.56-
Sector ETF (XLB)6.0%19.0%0.2128.2%
Equity (SPY)13.4%17.1%0.6123.0%
Gold (GLD)17.1%18.3%0.7643.6%
Commodities (DBC)7.5%19.4%0.2813.3%
Real Estate (VNQ)2.1%18.9%0.0118.0%
Bitcoin (BTCUSD)9.4%54.1%0.3715.2%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VOXR
VOXR7.3%46.8%0.56-
Sector ETF (XLB)10.2%20.7%0.4428.2%
Equity (SPY)15.4%18.0%0.7323.0%
Gold (GLD)12.2%16.1%0.6243.6%
Commodities (DBC)6.0%18.0%0.2613.3%
Real Estate (VNQ)5.4%20.7%0.2318.0%
Bitcoin (BTCUSD)59.9%66.8%1.0015.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity1.2 Mil
Short Interest: % Change Since 515202613.7%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest2.6 days
Basic Shares Quantity68.7 Mil
Short % of Basic Shares1.8%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
03/31/202605/13/20266-K
12/31/202503/30/202640-F
09/30/202511/12/20256-K
06/30/202508/13/20256-K
03/31/202505/15/20256-K
12/31/202403/26/202540-F
09/30/202411/06/20246-K
06/30/202408/07/20246-K
03/31/202405/08/20246-K
12/31/202303/08/202440-F
09/30/202311/09/20236-K
06/30/202308/11/20236-K
03/31/202305/11/20236-K
12/31/202203/15/202340-F
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/13/20266-K
12/31/202503/30/202640-F
09/30/202511/12/20256-K
06/30/202508/13/20256-K
03/31/202505/15/20256-K
12/31/202403/26/202540-F
09/30/202411/06/20246-K
06/30/202408/07/20246-K
03/31/202405/08/20246-K
12/31/202303/08/202440-F
09/30/202311/09/20236-K
06/30/202308/11/20236-K
03/31/202305/11/20236-K
12/31/202203/15/202340-F
Core Cache Last Updated: 6/22/2026