Forensic Analysis · Energy / Oil & Gas · as of Jun 27, 2026
SEABRIDGE GOLD INC (SA)
A forensic read on SEABRIDGE GOLD INC built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Clean
Earnings quality
1
Forensic signals
-6.4%
ROE
$2.8B
Market cap
SEABRIDGE GOLD INC earns a F (Poor — capital at risk) forensic quality grade. 1 forensic signal was flagged in its latest SEC filings, led by accruals ratio.
What the filings flag
+23.8%Accruals ratio. Net operating assets grew +23.8% relative to their average in FY2025 — the accrual component of earnings. Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The cash-flow cross-check agrees: reported earnings ran in line with operating cash by -4% of net operating assets.
Key fundamentals
Net Margin-10269.4%
Latest Revenue50767.92
Return on Equity-4.7%
Revenue Growth YoY-13.3%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on SEABRIDGE GOLD INC:
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🔒Ask anything about SA's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
🔒Peer comparison + filing-change monitoring & alerts
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Data from SEC EDGAR public filings · metrics as of Jun 27, 2026. Forensic signals flag probability, not certainty.