TBN

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Tamboran Resources Corp.

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Key Metrics

Previous Close: $38.08
52-Week Range: $19.55 – $52.21
Market Cap: $1.32B
P/E (TTM): —
EPS (TTM): -1.83
Dividend Yield: —

Advanced Metrics

Price/Book: 2.18
PEG Ratio: —
Return on Equity: -8.36%
Return on Assets: -3.69%
Gross Margin: 0.00%
Operating Margin: 0.00%
Profit Margin: 0.00%
Current Ratio: 2.00
Debt/Equity: 0.13
Total Debt: $70.77M
Free Cash Flow: $-138.20M
Revenue Growth: —
Earnings Growth: —
Enterprise Value: $1.21B

TBN Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$0.00	$0.00	$0.00	$0.00
Cost of Revenue	$562.10K	$118.33K	$120.44K	$85.95K
Gross Profit	-$562.10K	-$118.33K	-$120.44K	-$85.95K
Research & Development	—	—	$0.00	$6.04M
Selling, General & Admin	$10.63M	$15.92M	$17.32M	$21.71M
Operating Expenses	$9.98M	$19.32M	$20.37M	$32.90M
Operating Income	-$10.54M	-$19.43M	-$20.49M	-$32.99M
EBITDA	-$10.18M	-$19.32M	-$20.37M	-$32.90M
Pretax Income	-$10.80M	-$32.20M	-$23.85M	-$39.62M
Income Tax	$0.00	$0.00	—	—
Net Income	-$10.80M	-$32.03M	-$21.92M	-$36.90M
Diluted EPS	-0.01	-0.02	-2.28	-2.47
Diluted Shares	737.99M	1.26B	9.63M	14.94M

TBN Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$26.81M	$6.43M	$74.75M	$39.44M
Receivables	$2.90M	$829.75K	$11.01M	$9.63M
Current Assets	$30.69M	$17.02M	$97.33M	$56.70M
Total Assets	$134.07M	$182.85M	$358.64M	$446.46M
Current Liabilities	$4.61M	$14.75M	$28.00M	$36.61M
Total Debt	$1.11M	$479.70K	$27.89M	$26.40M
Total Liabilities	$5.46M	$22.27M	$50.96M	$57.01M
Retained Earnings	-$98.91M	-$108.46M	-$130.38M	-$167.28M
Shareholders' Equity	$128.61M	$139.53M	$262.72M	$287.72M
Working Capital	$26.08M	$2.27M	$69.33M	$20.09M

TBN Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$11.06M	-$12.80M	-$11.40M	-$29.64M
Capital Expenditure	-$54.88M	-$113.36M	-$63.70M	-$110.13M
Free Cash Flow	-$65.95M	-$126.16M	-$75.10M	-$139.77M
Depreciation & Amortisation	$562.10K	$118.33K	$120.44K	$85.95K
Stock-Based Compensation	$1.46M	$908.90K	$555.52K	$4.35M
Investing Cash Flow	-$56.12M	-$107.46M	-$66.11M	-$98.77M
Financing Cash Flow	$31.11M	$106.18M	$146.39M	$101.06M
Share Repurchases	-$2.40M	-$4.09M	-$13.98M	—
Net Change in Cash	-$36.07M	-$14.09M	$68.88M	-$27.35M

TBN Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$0.00	$0.00	$0.00	$0.00	$0.00
Cost of Revenue	$23.00K	$1.31K	$2.00K	$2.00K	$2.00K
Gross Profit	-$23.00K	-$1.31K	-$2.00K	-$2.00K	-$2.00K
Research & Development	$1.98M	$824.46K	$191.00K	$136.00K	$31.00K
Selling, General & Admin	$5.32M	$7.00M	$5.41M	$5.92M	$6.72M
Operating Expenses	$8.78M	$8.52M	$8.21M	$7.80M	$8.37M
Operating Income	-$8.80M	-$8.52M	-$8.21M	-$7.80M	-$8.37M
EBITDA	-$8.78M	-$8.52M	-$8.21M	-$7.80M	-$8.37M
Pretax Income	-$8.17M	-$9.19M	-$9.06M	-$7.56M	-$10.62M
Net Income	-$6.66M	-$10.18M	-$8.18M	-$6.61M	-$9.41M
Diluted EPS	-0.45	—	-0.46	-0.32	-0.41
Diluted Shares	14.81M	—	17.86M	20.41M	22.83M

TBN Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$25.64M	$39.44M	$39.56M	$83.40M	$88.15M
Receivables	$9.37M	$9.63M	$4.21M	$4.11M	$6.83M
Current Assets	$37.95M	$56.70M	$46.46M	$106.36M	$118.11M
Total Assets	$381.52M	$446.46M	$484.16M	$600.55M	$672.06M
Current Liabilities	$34.38M	$36.61M	$50.32M	$52.95M	$59.10M
Long-Term Debt	—	—	—	$32.59M	$44.58M
Total Debt	$26.87M	$26.40M	$25.61M	$60.12M	$70.77M
Total Liabilities	$56.19M	$57.01M	$68.80M	$109.80M	$125.48M
Retained Earnings	-$157.10M	-$167.28M	-$175.46M	-$182.08M	-$191.48M
Shareholders' Equity	$239.85M	$287.72M	$295.15M	$358.86M	$395.55M
Working Capital	$3.57M	$20.09M	-$3.86M	$53.41M	$59.01M

TBN Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$14.30M	-$6.43M	-$13.80M	-$707.00K	-$12.53M
Capital Expenditure	-$36.93M	-$24.31M	-$27.49M	-$34.21M	-$42.69M
Free Cash Flow	-$51.23M	-$30.74M	-$41.28M	-$34.92M	-$55.22M
Depreciation & Amortisation	$24.00K	$1.31K	$2.00K	$1.00K	$2.00K
Stock-Based Compensation	$1.19M	$1.33M	$215.00K	$1.30M	$1.12M
Investing Cash Flow	-$37.88M	-$25.09M	-$28.43M	-$38.11M	-$46.25M
Financing Cash Flow	$16.98M	$52.71M	$37.94M	$95.56M	$60.55M
Net Change in Cash	-$35.20M	$21.19M	-$4.30M	$56.74M	$1.77M

Market Snapshot

About

Tamboran Resources Corp. is an energy company focused on developing natural gas resources in the Beetaloo Basin in the Northern Territory of Australia. The company is working to unlock one of the largest undeveloped onshore natural gas resources in Australia.