USAS revenueFY2025$117.93M
- FY YoY
- -2.4%
- 5Y CAGR
- +25.8%
USAS revenue was $117.93M for fiscal 2025 (ended Dec 31, 2025), down 2.4% from fiscal 2024. Compound annual growth was +25.8% over 5 years. It rose in 4 of the last 9 fiscal years.
Americas Gold and Silver Corporation (USAS) financials
For fiscal 2025 (ended Dec 31, 2025), Americas Gold and Silver Corporation reported $117.93M of revenue and -$87.45M of net income.
- Revenue, FY2025
- $117.93M
- Revenue growth, YoY
- -2.4%
- Net income, FY2025
- -$87.45M
- Net margin
- -74.1%
- Free cash flow, FY2025
- -$73.19M
- EPS, diluted, FY2025
- -$0.33
- Cash
- $129.78M
- P/S
- 8.46
- Market cap
- $997.6M
FY2016FY2025
FY2018FY2025
FY2016FY2025
USAS revenue and earnings growth
USAS net incomeFY2025-$87.45M
USAS net income was -$87.45M for fiscal 2025 (ended Dec 31, 2025), compared with -$45.06M in fiscal 2024.
USAS EPSFY2025-$0.33
USAS diluted EPS was -$0.33 for fiscal 2025 (ended Dec 31, 2025).
USAS free cash flowFY2025-$73.19M
USAS free cash flow was -$73.19M for fiscal 2025 (ended Dec 31, 2025), compared with -$21.92M in fiscal 2024.
Income statement
| 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 | $117.93M | $120.85M | $128.55M | $129.17M | $58.20M | $37.39M | $93.67M | $95.12M | $69.37M | $58.87M |
| Cost of revenue | $84.86M | $82.74M | -$80.66M | $72.09M | $84.79M | $31.24M | $56.72M | $52.12M | $40.04M | $46.15M |
| Gross profit | $33.07M | $38.11M | $209.21M | $57.07M | -$26.60M | $6.16M | $36.94M | $43.00M | $29.33M | $12.72M |
| Selling, general and admin | $28.60M | $8.89M | $8.61M | $9.38M | $10.27M | $9.13M | $9.71M | $6.72M | $6.65M | $5.36M |
| Interest expense | $5.32M | $7.38M | - | - | $3.06M | - | - | - | - | - |
| Pre-tax income | -$82.82M | -$48.33M | -$40.23M | -$41.47M | -$162.19M | -$31.07M | -$32.28M | -$10.01M | -$3.89M | -$5.00M |
| Income tax | $4.62M | $679.0K | -$2.06M | $3.72M | -$1.61M | -$1.00M | $1.96M | $668.0K | -$427.0K | $210.0K |
| Net income | -$87.45M | -$45.06M | -$34.96M | -$43.10M | -$157.67M | -$25.15M | -$32.65M | -$9.87M | - | - |
| EPS, basic | -$0.33 | -$0.43 | - | -$0.23 | -$1.11 | - | - | - | - | - |
| EPS, diluted | -$0.33 | -$0.43 | - | -$0.21 | -$1.11 | - | - | - | - | - |
| Diluted shares | 267.3M | 106.0M | 212.7M | 184.4M | 141.9M | 103.9M | 71.4M | 42.6M | 40.2M | 34.5M |
Balance sheet
| 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 | $129.78M | $20.00M | $2.06M | $1.96M | $2.90M | $4.71M | $20.00M | $3.46M | $9.32M | $24.05M |
| Receivables | $8.86M | $7.13M | $9.49M | $11.55M | $8.21M | $5.10M | $5.27M | $7.71M | $6.63M | $4.00M |
| Inventory | $10.67M | $10.70M | $8.66M | $8.84M | $10.01M | $8.07M | $7.16M | $8.14M | $9.37M | $6.62M |
| Current assets | $153.66M | $40.71M | $23.04M | $25.38M | $23.54M | $20.08M | $34.92M | $29.41M | $26.19M | $36.56M |
| Total assets | $413.00M | $192.64M | $180.49M | $190.82M | $213.43M | $284.82M | $231.00M | $127.16M | $127.45M | $117.29M |
| Current liabilities | $86.16M | $68.59M | $61.21M | $42.10M | $45.66M | $39.04M | $34.78M | $22.96M | $14.39M | $16.48M |
| Long-term debt | - | - | - | - | - | - | - | $5.50M | $11.00M | - |
| Total debt | - | - | - | - | - | - | - | $5.50M | $11.00M | - |
| Total liabilities | $191.38M | $130.50M | $108.29M | $92.23M | $109.60M | $103.65M | $91.99M | $42.96M | $39.40M | $30.15M |
| Shareholders' equity | $221.62M | $62.14M | $77.38M | $98.59M | $103.83M | $181.16M | $139.01M | $84.20M | $88.06M | $87.14M |
Cash flow
| 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 | -$3.94M | -$3.07M | -$1.01M | -$1.18M | -$50.95M | -$18.92M | $14.14M | $8.64M | $1.58M | $5.39M |
| Capital expenditures | $69.24M | $18.85M | -$19.94M | $19.60M | $12.65M | $11.57M | $11.55M | $14.89M | $7.18M | $4.66M |
| Free cash flow | -$73.19M | -$21.92M | -$20.95M | -$20.78M | -$63.59M | -$30.49M | $2.59M | -$6.25M | -$5.60M | $727.0K |
| Investing cash flow | -$68.24M | -$18.85M | -$18.13M | -$19.60M | -$14.08M | -$70.50M | -$22.14M | -$18.82M | -$26.66M | -$7.97M |
| Financing cash flow | $182.90M | $35.12M | $20.32M | $17.44M | $63.42M | $73.97M | $24.38M | $4.26M | $10.49M | $26.49M |
| Stock-based compensation | $12.06M | $1.45M | $2.03M | $2.75M | $4.35M | $4.22M | $3.72M | $2.10M | $1.93M | $1.24M |
| Depreciation and amortization | $21.23M | $24.09M | $20.85M | $21.34M | $15.79M | $7.97M | $13.34M | $10.57M | $6.71M | $7.39M |
Key ratios
| 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 | -2.4% | -6.0% | -0.5% | 121.9% | 55.6% | -60.1% | -1.5% | 37.1% | 17.8% | - |
| Gross margin | 28.0% | 31.5% | 162.7% | 44.2% | -45.7% | 16.5% | 39.4% | 45.2% | 42.3% | 21.6% |
| Net margin | -74.1% | -37.3% | -27.2% | -33.4% | -270.9% | -67.3% | -34.9% | -10.4% | - | - |
| Free cash flow margin | -62.1% | -18.1% | -16.3% | -16.1% | -109.3% | -81.5% | 2.8% | -6.6% | -8.1% | 1.2% |
| Return on equity | -39.5% | -72.5% | -45.2% | -43.7% | -151.9% | -13.9% | -23.5% | -11.7% | - | - |
| Return on assets | -21.2% | -23.4% | -19.4% | -22.6% | -73.9% | -8.8% | -14.1% | -7.8% | - | - |
| Current ratio | 1.78 | 0.59 | 0.38 | 0.60 | 0.52 | 0.51 | 1.00 | 1.28 | 1.82 | 2.22 |
| Debt to equity | - | - | - | - | - | - | - | 0.07 | 0.12 | - |
Source: XBRL data Americas Gold and Silver Corporation files with the SEC, latest filing dated Apr 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
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.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
USAS peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| USAS | $117.93M | -2.4% | -$87.45M | -74.1% | $997.6M |
| SCCO | $17.11B | +38.7% | $6.36B | 37.2% | $139.64B |
| RIO | $57.64B | +6.3% | $9.97B | 17.3% | $104.45B |
| FCX | $25.89B | +0.3% | $2.94B | 11.4% | $83.15B |
| VALE | $38.40B | +0.9% | $2.35B | 6.1% | $48.89B |
| HBM | $2.21B | +9.4% | $568.50M | 25.7% | $9.14B |
| BVN | $1.73B | +49.2% | $782.14M | 45.2% | $7.20B |
| CLF | $20.07B | +7.8% | -$473.00M | -2.4% | $6.43B |
| MP | $305.38M | +26.1% | -$60.62M | -19.9% | $6.01B |
USAS FAQ
9 questionsWhat is USAS revenue?
Americas Gold and Silver Corporation (USAS) reported $117.93M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 2.4% from the year before.Is USAS profitable?
No. Americas Gold and Silver Corporation reported a net loss of $87.45M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does USAS have?
Americas Gold and Silver Corporation reported $129.78M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is USAS revenue growing?
Americas Gold and Silver Corporation's revenue changed -2.4% in fiscal 2025, to $117.93M. Its compound annual growth rate was +25.8% over 5 years.What is USAS gross margin?
Americas Gold and Silver Corporation's gross profit was $33.07M on $117.93M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 28.0%.What is USAS free cash flow?
Americas Gold and Silver Corporation generated -$73.19M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$3.94M less capital expenditures.What is USAS earnings per share?
Diluted earnings per share were -$0.33 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did USAS last report financial results?
The latest statements here come from Americas Gold and Silver Corporation's 40-F/A filed on Apr 2, 2026, covering the period ended Dec 31, 2025.Where does this USAS financial data come from?
Quantisnow builds these statements from the structured XBRL data Americas Gold and Silver Corporation files with the SEC. It is provided for information only and is not investment advice.