# THUNDER MOUNTAIN GOLD, INC. (THMG) · Edgar & Edgarette company card

> Thunder Mountain Gold (THMG) saw revenue fall 62.5% in FY2022 to $0 million, operating margin -149% against a -0.9% median for metal mining, equity 14.5% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 711034 · fiscal year ended 2022-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/THMG) · [JSON](https://www.pops4.com/boards/company/THMG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $300,000 |
| Revenue growth, 1 year | -62.5% |
| Revenue growth per year | — |
| Operating margin | -148.8% (prior year 34.1%) |
| Net margin | -414.9% |
| Operating cash flow | −$402,136 |
| Capital spending | — |
| Free cash flow | — |
| Cash | $682,718 |
| Long-term debt | — |
| Total assets | $2M |
| Total equity | $250,222 |
| Equity ÷ assets | 14.5% |
| Return on equity | -497.5% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -12.72 (distress zone)
- Piotroski F: 2 of 9 (weak)
- Health Harbor boat: Old boat · three warning signs · filed auditor change in the last 12 months; operating cash flow was negative (-$1.6M in FY2025); revenue is hard to predict: its 80% range is ±83%

## Edgarette's reading

Exposure: revenue $300K (FY2022). Experience: revenue down 62.5% on the year; operating margin -148.8%, down from 34.1%. Soundness: equity 14.5% of assets, return on equity -497.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $42K and $438K next year (method v4.1: its own 3-year record of growth weighed at 40% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $36K to $518K. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, its industry group): operating margin -148.8% against a -0.9% median; growth -62.5% against 19.4%.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2026-06-08 ([filing](https://www.sec.gov/Archives/edgar/data/711034/000106299326003106/0001062993-26-003106-index.htm))
- Item 5.02 Director or officer change: 2, latest 2026-11-04 ([filing](https://www.sec.gov/Archives/edgar/data/711034/000106299326005740/0001062993-26-005740-index.htm))

## Recent filings

- 8-K · filed 2026-11-04 · 3.02 Unregistered Sales of Equity Securities; 5.02 Departure or Election of Directors; Appointment of Officers; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/711034/000106299326005740/0001062993-26-005740-index.htm)
- 8-K · filed 2026-11-04 · 3.02 Unregistered Sales of Equity Securities; 5.02 Departure or Election of Directors; Appointment of Officers; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/711034/000106299326005738/0001062993-26-005738-index.htm)
- 8-K · filed 2026-08-26 · 3.02 Unregistered Sales of Equity Securities; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/711034/000106299326004627/0001062993-26-004627-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/711034/000106299326004378/0001062993-26-004378-index.htm)
- 8-K · filed 2026-07-09 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/711034/000106299326003576/0001062993-26-003576-index.htm)
- 8-K · filed 2026-06-08 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/711034/000106299326003106/0001062993-26-003106-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000711034.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=711034

## Cite

POPS4, Edgar & Edgarette: THUNDER MOUNTAIN GOLD, INC. (THMG) company card, from the company's own SEC filings, accessed 2026-11-05, https://www.pops4.com/boards/company/THMG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Its latest audited year is FY2025, which reports no revenue; the revenue figures and the range here are from FY2022, its last year with revenue on record. Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.