RE Royalties

RE.V

Investment - Banking & Investment Services · Financial Services

Price

C$0.38

+0.01 (+1.33%)

Market Cap

C$16.5M

Exchange

Toronto Stock Exchange Ventures

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 13, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+30.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 33.3M (2021) → 43.4M (2025)

RE Royalties Ltd. offers a distinctive, non-dilutive royalty financing solution to both privately held and publicly traded companies operating in renewable energy generation, development, and clean technology. The company's business model involves acquiring revenue-based royalties from facilities generating clean energy and other innovative green technologies. By April 25, 2022, its diverse portfolio included 104 royalties from projects such as solar, wind, hydroelectric, battery storage, and renewable natural gas, located across Canada, Europe, and the United States. The firm's corporate headquarters are situated in Vancouver, Canada.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-86.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-119.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Cash Runway

~2 months

$913,963 cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

RE Royalties has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

-211.2%

Thin — -211.2% gross margin

Operating Margin

-396.7%

Losing money on operations — -396.7%

ROCE

-3.4%

Weak — -3.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-48.0%

Shrinking sales (-48.0% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-696.0%

Burning cash (-696.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend Yield

5.26%

Healthy income — 5.26% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend Growth

+0.0%

Dividend flat

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