The EPS beat and 22% revenue growth are positive, but the GAAP loss and negative free cash flow temper sentiment. Watch for graphite commercial milestones and zinc pricing trends; the full-year adjusted EBITDA guidance of $20-28M implies significant improvement from Q1 run rate.
Price Chart
Executive Summary
Titan Mining reported Q1 2026 revenue of $19.6M (+22% YoY) and EPS of -$0.01, beating consensus estimates of -$0.03. The company generated positive adjusted EBITDA of $3.9M, commenced graphite shipments, and provided full-year adjusted EBITDA guidance of $20-28M, but reported a GAAP net loss of $13.34M due to a non-cash derivative fair value charge.
Key Financial Metrics
Key Facts
- Revenue $19.6M, up 22% from Q1 2025
- EPS -$0.01 vs consensus -$0.03 (66.7% beat)
- Adjusted EBITDA $3.9M vs $2.7M in Q1 2025
- GAAP net loss before tax $13.34M due to $13.19M non-cash derivative loss
- Cash balance $13.8M, up 13% YoY
- Zinc production 14.2M payable lbs, C1 cash cost $0.98/lb, AISC $1.01/lb
- Commenced graphite concentrate shipments from Kilbourne Project
- Forecast full-year adjusted EBITDA $20-28M
- Free cash flow -$3.85M vs -$0.52M in Q1 2025
Financial Impact
Revenue $19.6M, Adjusted EBITDA $3.9M, GAAP net loss $13.34M
Risk Factors
- Non-cash derivative losses may continue to distort GAAP earnings
- Negative free cash flow of -$3.85M driven by growth investments
- Zinc price volatility could impact revenue and EBITDA guidance
- Graphite project commercialization still in early stages
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3293584 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | 6-K | $2.28 | awaiting T+20 | — | $1.95 (−14.47%) |
Aug 12, 2026 10w ago | 6-K | $2.65 $2.98 | ▲ +12.45% | ▲ +14.35% | $1.95 (−26.42%) |
Aug 12, 2026 10w ago | Press Release | $2.65 $2.98 | ▲ +12.45% | ▲ +14.35% | $1.95 (−26.42%) |
Aug 5, 2026 11w ago | 6-K | $2.31 $3.08 | ▲ +33.33% | ▲ +33.93% | $1.95 (−15.58%) |
Aug 5, 2026 11w ago | Press Release | $2.31 $3.08 | ▲ +33.33% | ▲ +33.93% | $1.95 (−15.58%) |
Jul 31, 2026 12w ago | 6-K | $1.96 $3.06 | ▲ +56.12% | ▲ +53.13% | $1.95 (−0.51%) |
Jul 31, 2026 12w ago | Press Release | $1.96 $3.06 | ▲ +56.12% | ▲ +53.13% | $1.95 (−0.51%) |
Jul 15, 2026 14w ago | 6-K | $2.20 $2.65 | ▲ +20.45% | ▲ +18.11% | $1.95 (−11.36%) |
Jul 7, 2026 15w ago | 6-K | $2.26 $1.99 | ▼ −11.95% | ▼ −13.28% | $1.95 (−13.72%) |
Jun 26, 2026 17w ago | 6-K | $2.10 $2.10 | · 0.00% | ▼ −1.26% | $1.95 (−7.14%) |
US Market Status
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