TRX Gold Corporation (TRX) Releases Q2 2026 Earnings: Revenue Beats but EPS Miss; Net Loss Despite Strong Cash Growth

TRX Gold Corporation (TRX) reported Q2 2026 results showing a strong revenue rebound with total revenues of $34.07 million, up 274.13% year-over-year, and a sharply higher gross profit of $21.05 million, up 881.9% year-over-year.

Total revenue: $34.07 million (+274.13% YoY)

Gross profit: $21.05 million (+881.9% YoY)

Operating profit: $16.05 million (-1391.95% YoY)

Cost of sales: $13.02 million (+86.99% YoY)

Net income attributable to common shareholders: net loss of $13.78 million (+609.79% YoY)

Cash flow and balance sheet highlights show improved liquidity alongside continued investment:

Cash from operating activities: $8.85 million (+337.54% YoY)

Purchases of property, plant and equipment (capex): $11.38 million (+543.89% YoY)

Cash and cash equivalents: $26.03 million (+271.91% YoY)

Total liabilities: $45.94 million (+17.15% YoY)

Results versus expectations:

Revenue: actual $34.07 million vs. estimate $26.70 million (beat)

Diluted EPS: actual -$0.07 per share vs. estimate $0.04 per share (miss)

Overall, TRX Gold Corporation (TRX) delivered strong top-line growth and expanded gross margins in Q2 2026 while reporting a net loss and continued capital spending; cash generation improved materially year-over-year.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

TRX Gold Corporation Hedge Fund Activity

We have seen 29 institutional investors add shares of TRX Gold Corporation stock to their portfolio, and 17 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MARSHALL WACE, LLP added 1,801,708 shares (+inf%) to their portfolio in Q4 2025, for an estimated $1,659,192
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,189,397 shares (+inf%) to their portfolio in Q4 2025, for an estimated $1,095,315
HILLSDALE INVESTMENT MANAGEMENT INC. added 1,073,200 shares (+144.1%) to their portfolio in Q4 2025, for an estimated $988,309
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. added 850,459 shares (+783.8%) to their portfolio in Q4 2025, for an estimated $783,187
JANE STREET GROUP, LLC added 713,760 shares (+4455.7%) to their portfolio in Q4 2025, for an estimated $657,301
PFG PRIVATE WEALTH MANAGEMENT, LLC removed 291,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $267,981
MORGAN STANLEY added 211,376 shares (+15.5%) to their portfolio in Q4 2025, for an estimated $194,656

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

TRX Gold Corporation Analyst Ratings

Wall Street analysts have issued reports on $TRX in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

HC Wainwright & Co. issued a "Buy" rating on 12/02/2025

To track analyst ratings and price targets for TRX Gold Corporation, check out Quiver Quantitative's $TRX forecast page.