)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Elemental Royalty (ELE) investor relations material
Elemental Royalty Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Closed transformative merger with EMX Royalty, creating a $1 billion market cap royalty company with over 200 assets and four cornerstone royalties; merger expected to close in November 2025, forming a new mid-tier precious metals royalty company.
Leadership transitions: CEO and CFO of Elemental Altus moving to COO/President and CIO roles in the new entity.
Announced and closed multiple acquisitions, including Dugbe and Laverton royalties, expanding the portfolio.
Secured $100 million in non-dilutive capital and completed $100 million financing with Tether to support expansion.
Nasdaq main board listing is well progressed, pending SEC review.
Financial highlights
Q3 adjusted revenue reached $8.2 million, up 70% year-over-year; royalty revenue was $6.9 million.
Adjusted EBITDA was $6.2 million, up 67% sequentially from Q2 2024.
Adjusted cash flows from operations were $5 million, up nearly 80% year-over-year.
Q3 gold equivalent ounces (GEO) were 2,362, up 22% year-over-year.
Net profit for Q3 2025 was $1.4 million, compared to $0.6 million in Q3 2024.
Outlook and guidance
On track to meet midpoint of GEO guidance (11,600–13,200 GEOs) for the year, a 38% increase year-over-year.
Upgraded revenue guidance to $42 million at midpoint, reflecting higher gold prices in Q4.
Expecting new paying royalties from assets such as Chapi, Gediktepe, and Western Queen in the near term.
The EMX merger will create a $1bn royalty company with projected $80 million adjusted revenue in 2026.
Tether's $100 million financing will be completed with the EMX merger.
Expected G&A synergies for 2026
Dugbe royalty revenue timeline
Why is self-acquisition the best value now?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Elemental Royalty earnings date
Q4 202530 Mar, 2026
Next Elemental Royalty earnings date
Q4 202530 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage