For the twelve months ended Jun 30, 2026, McEwen Inc. reported $248.44M of revenue and $80.65M of net income.
MUX revenue was $59.23M in fiscal Q2 2026 (ended Jun 30, 2026), up 26.8% from a year earlier and down 20.0% from the prior quarter. For the full fiscal 2025 it was $197.55M, up 13.2% from fiscal 2024. Compound annual growth was +13.5% over 5 years and +10.5% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 14 fiscal years on file.
MUX net income was $9.61M in fiscal Q2 2026 (ended Jun 30, 2026), up 216.0% from a year earlier and down 71.2% from the prior quarter. For the full fiscal 2025 it was $34.43M, compared with -$43.69M in fiscal 2024.
MUX diluted EPS was $0.14 in fiscal Q2 2026 (ended Jun 30, 2026), up 133.3% from a year earlier and down 70.2% from the prior quarter. For the full fiscal 2025 it was $0.59, compared with -$0.86 in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $197.55M | $174.48M | $166.23M | $110.42M | $136.54M | $104.79M | $117.02M | $128.18M | $67.47M | $60.39M |
| Cost of revenue | - | - | - | - | - | - | - | - | $45.18M | $28.13M |
| Gross profit | $47.56M | $30.93M | $17.78M | -$544.0K | -$6.48M | -$26.95M | $8.99M | $32.08M | $20.08M | $32.26M |
| Selling, general and admin | $26.70M | $17.16M | $15.45M | $11.89M | $11.44M | $9.20M | $12.79M | $11.13M | $12.34M | $12.73M |
| Operating income | $2.65M | -$50.57M | -$162.06M | -$95.44M | -$64.28M | -$153.17M | -$63.91M | -$47.19M | -$26.29M | $15.35M |
| Pre-tax income | $6.95M | -$46.74M | $67.04M | -$80.29M | -$64.20M | -$153.72M | -$63.59M | -$47.64M | -$26.00M | $17.31M |
| Income tax | -$27.48M | -$3.05M | $33.86M | $5.81M | -$7.32M | -$1.39M | -$3.84M | -$2.77M | -$15.37M | -$3.75M |
| Net income | $34.43M | -$43.69M | $55.30M | -$81.08M | -$56.71M | -$152.32M | -$59.75M | -$44.87M | -$10.63M | $21.05M |
| EPS, basic | $0.64 | -$0.86 | $1.16 | -$1.71 | -$1.25 | -$3.78 | -$1.70 | -$1.30 | -$0.30 | $0.70 |
| EPS, diluted | $0.59 | -$0.86 | $1.16 | -$1.71 | -$1.25 | -$3.78 | -$1.70 | -$1.30 | -$0.30 | $0.70 |
| Diluted shares | 65.6M | 51.0M | 47.5M | 47.4M | 45.5M | 40.3M | 36.2M | 33.7M | 31.4M | 30.0M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $51.02M | $13.69M | $23.02M | $39.78M | $54.29M | $20.84M | $46.45M | $30.49M | $37.15M | $37.44M |
| Short-term investments | $21.11M | $1.62M | $1.74M | - | - | - | - | - | - | - |
| Receivables | $9.22M | - | - | - | - | - | - | - | - | - |
| Inventory | $26.84M | $18.11M | $19.94M | $31.73M | $15.79M | $26.96M | $38.38M | $22.04M | $31.95M | $26.62M |
| Current assets | $107.89M | $41.19M | $52.66M | $81.65M | $85.03M | $53.50M | $91.98M | $59.38M | $86.86M | $78.57M |
| Total assets | $820.22M | $664.62M | $657.24M | $528.72M | $525.34M | $499.94M | $631.22M | $616.94M | $592.13M | $498.32M |
| Current liabilities | $63.81M | $47.69M | $30.00M | $84.19M | $52.40M | $45.55M | $48.80M | $36.01M | $37.64M | $20.58M |
| Short-term debt | - | $12.00M | - | $10.00M | - | - | $5.00M | - | $0 | - |
| Long-term debt | $126.17M | $40.00M | $40.00M | $63.98M | $48.87M | $48.16M | - | - | - | - |
| Total debt | $126.17M | $52.00M | $40.00M | $73.98M | $48.87M | $48.16M | $19.76M | $24.60M | - | - |
| Total liabilities | $273.98M | $169.65M | $154.82M | $172.44M | $135.40M | $134.61M | $131.74M | $131.00M | $70.86M | $55.28M |
| Shareholders' equity | $546.24M | $494.98M | $502.42M | $356.27M | $389.94M | $365.33M | $499.48M | $485.95M | $521.27M | $443.04M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.87M | $29.45M | -$39.64M | -$56.58M | -$20.06M | -$27.87M | -$39.53M | $487.0K | -$27.65M | $7.45M |
| Capital expenditures | - | - | - | - | - | - | - | $62.34M | $5.08M | $1.17M |
| Free cash flow | - | - | - | - | - | - | - | -$61.85M | -$32.72M | $6.27M |
| Investing cash flow | -$48.03M | -$58.05M | -$99.64M | -$23.90M | -$24.56M | -$11.77M | -$14.06M | -$69.34M | -$22.26M | $7.62M |
| Financing cash flow | $78.73M | $19.20M | $172.18M | $65.45M | $80.98M | $17.58M | $70.01M | $60.44M | $49.73M | -$3.23M |
| Share repurchases | - | - | - | - | - | - | - | - | - | $582.0K |
| Depreciation and amortization | $27.85M | $30.86M | $30.36M | $19.53M | $25.34M | - | $24.75M | $15.08M | $4.04M | $1.17M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 13.2% | 5.0% | 50.5% | -19.1% | 30.3% | -10.5% | -8.7% | 90.0% | 11.7% | -17.2% |
| Gross margin | 24.1% | 17.7% | 10.7% | -0.5% | -4.7% | -25.7% | 7.7% | 25.0% | 29.8% | 53.4% |
| Operating margin | 1.3% | -29.0% | -97.5% | -86.4% | -47.1% | -146.2% | -54.6% | -36.8% | -39.0% | 25.4% |
| Net margin | 17.4% | -25.0% | 33.3% | -73.4% | -41.5% | -145.4% | -51.1% | -35.0% | -15.8% | 34.9% |
| Free cash flow margin | - | - | - | - | - | - | - | -48.3% | -48.5% | 10.4% |
| Return on equity | 6.3% | -8.8% | 11.0% | -22.8% | -14.5% | -41.7% | -12.0% | -9.2% | -2.0% | 4.8% |
| Return on assets | 4.2% | -6.6% | 8.4% | -15.3% | -10.8% | -30.5% | -9.5% | -7.3% | -1.8% | 4.2% |
| Current ratio | 1.69 | 0.86 | 1.76 | 0.97 | 1.62 | 1.17 | 1.88 | 1.65 | 2.31 | 3.82 |
| Debt to equity | 0.23 | 0.11 | 0.08 | 0.21 | 0.13 | 0.13 | 0.04 | 0.05 | - | - |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.23M | $74.05M | $64.62M | $50.53M | $46.70M | $35.70M | $33.52M | $52.25M | $47.48M | $41.23M | $58.68M | $38.40M |
| Cost of revenue | - | - | - | $35.23M | $27.73M | $19.61M | - | $29.68M | $32.07M | $25.11M | - | $26.47M |
| Gross profit | $20.08M | $31.50M | $17.40M | $7.82M | $12.28M | $10.07M | $363.0K | $13.80M | $10.76M | $6.01M | $13.05M | $3.75M |
| Selling, general and admin | $7.93M | $9.46M | $12.21M | $6.07M | $5.05M | $3.37M | $6.49M | $2.14M | $4.46M | $4.07M | $6.24M | $3.72M |
| Operating income | $7.71M | $41.24M | $22.10M | -$8.43M | -$3.38M | -$7.64M | -$14.55M | -$97.0K | -$13.95M | -$21.98M | -$47.38M | -$28.84M |
| Pre-tax income | $5.79M | $33.20M | $14.10M | -$1.73M | $1.93M | -$7.35M | -$7.16M | -$1.27M | -$15.37M | -$22.94M | $177.91M | -$28.62M |
| Income tax | -$3.82M | -$174.0K | -$24.03M | -$1.27M | -$1.11M | -$1.08M | $1.07M | $814.0K | -$2.38M | -$2.56M | $36.69M | -$244.0K |
| Net income | $9.61M | $33.38M | $38.13M | -$462.0K | $3.04M | -$6.27M | -$8.23M | -$2.08M | -$12.99M | -$20.38M | $138.45M | -$18.45M |
| EPS, basic | $0.16 | $0.56 | $0.70 | -$0.01 | $0.06 | -$0.12 | -$0.16 | -$0.04 | -$0.26 | -$0.41 | $2.89 | -$0.39 |
| EPS, diluted | $0.14 | $0.47 | $0.57 | -$0.01 | $0.06 | -$0.12 | -$0.16 | -$0.04 | -$0.26 | -$0.41 | $2.89 | -$0.39 |
| Diluted shares | 74.6M | 72.4M | 66.6M | 54.2M | 54.0M | 53.3M | 52.9M | 52.0M | 49.7M | 49.4M | 47.8M | 47.5M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $78.88M | $56.53M | $51.02M | $51.25M | $53.55M | $68.51M | $13.69M | $29.23M | $40.69M | $21.99M | $23.02M | $49.12M |
| Short-term investments | $12.82M | $13.54M | $21.11M | $24.17M | $15.97M | $10.74M | $1.62M | $1.00M | $1.95M | - | $1.74M | - |
| Receivables | $3.00M | $1.93M | $9.22M | - | - | - | - | - | - | - | - | - |
| Inventory | $27.18M | $31.36M | $26.84M | $29.51M | $24.13M | $20.74M | $18.11M | $21.93M | $19.99M | $19.87M | $19.94M | $27.16M |
| Current assets | $129.74M | $109.82M | $107.89M | $119.37M | $107.67M | $106.40M | $41.19M | $59.57M | $72.15M | $52.02M | $52.66M | $125.79M |
| Total assets | $992.11M | $972.60M | $820.22M | $747.64M | $735.62M | $730.60M | $664.62M | $667.79M | $645.14M | $638.72M | $657.24M | $572.69M |
| Current liabilities | $63.69M | $96.67M | $63.81M | $56.77M | $45.85M | $45.26M | $47.69M | $50.94M | $43.02M | $37.91M | $30.00M | $53.46M |
| Short-term debt | $6.00M | $3.00M | - | - | - | - | $12.00M | $9.00M | $6.00M | $3.00M | - | - |
| Long-term debt | $120.57M | $123.37M | $126.17M | $125.97M | $125.77M | $125.53M | $40.00M | $40.00M | $40.00M | $40.00M | $40.00M | $40.00M |
| Total debt | $126.57M | $126.37M | $126.17M | $125.97M | $125.77M | $125.53M | $52.00M | $49.00M | $46.00M | $43.00M | $40.00M | $40.00M |
| Total liabilities | $285.47M | $320.64M | $273.98M | $259.08M | $251.14M | $250.76M | $169.65M | $165.69M | $159.93M | $156.21M | $154.82M | $138.72M |
| Shareholders' equity | $706.64M | $651.96M | $546.24M | $488.56M | $484.48M | $479.84M | $494.98M | $502.10M | $485.21M | $482.51M | $502.42M | $433.97M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $46.22M | $12.10M | $3.10M | $5.21M | $478.0K | -$1.93M | -$1.21M | $23.18M | $3.61M | $3.88M | $16.11M | -$2.28M |
| Investing cash flow | -$24.61M | -$21.04M | -$8.25M | -$10.96M | -$15.23M | -$13.59M | -$12.90M | -$34.02M | -$6.55M | -$4.58M | -$47.45M | -$16.37M |
| Financing cash flow | -$29.0K | $14.54M | $5.03M | $3.45M | -$263.0K | $70.51M | -$334.0K | -$502.0K | $20.18M | -$142.0K | $13.30M | -$562.0K |
| Depreciation and amortization | $8.19M | $7.08M | $7.18M | $7.64M | $6.85M | $6.17M | $6.85M | $8.92M | $7.65M | $7.44M | $6.07M | $8.51M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 26.8% | 107.4% | 92.8% | -3.3% | -1.6% | -13.4% | -42.9% | 36.1% | 38.0% | 18.6% | 107.8% | 47.8% |
| Net income growth, YoY | 216.0% | - | - | - | - | - | - | - | - | - | - | - |
| EPS growth, YoY | 133.3% | - | - | - | - | - | - | - | - | - | - | - |
| Gross margin | 33.9% | 42.5% | 26.9% | 15.5% | 26.3% | 28.2% | 1.1% | 26.4% | 22.7% | 14.6% | 22.2% | 9.8% |
| Operating margin | 13.0% | 55.7% | 34.2% | -16.7% | -7.2% | -21.4% | -43.4% | -0.2% | -29.4% | -53.3% | -80.7% | -75.1% |
| Net margin | 16.2% | 45.1% | 59.0% | -0.9% | 6.5% | -17.6% | -24.6% | -4.0% | -27.4% | -49.4% | 235.9% | -48.0% |
| Current ratio | 2.04 | 1.14 | 1.69 | 2.10 | 2.35 | 2.35 | 0.86 | 1.17 | 1.68 | 1.37 | 1.76 | 2.35 |
| Debt to equity | 0.18 | 0.19 | 0.23 | 0.26 | 0.26 | 0.26 | 0.11 | 0.10 | 0.09 | 0.09 | 0.08 | 0.09 |
Source: XBRL data McEwen Inc. files with the SEC, latest filing dated Aug 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Aug 10, 2022.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MUX | $248.44M | +47.7% | $80.65M | 32.5% | $949.8M |
| NEM | $26.61B | +23.7% | $9.24B | 34.7% | $125.65B |
| AEM | $11.91B | +43.7% | $4.46B | 37.5% | $96.85B |
| B | $16.96B | +31.2% | $4.99B | 29.4% | $66.76B |
| WPM | $2.31B | +80.2% | $1.47B | 63.6% | $61.91B |
| FNV | $1.82B | +63.7% | $1.11B | 61.0% | $49.17B |
| AU | $9.89B | +70.8% | $3.17B | 32.1% | $47.03B |
| GFI | $8.75B | +68.2% | $3.57B | 40.8% | $35.06B |
| KGC | $7.05B | +36.9% | $2.39B | 33.9% | $26.21B |