Hycroft Mining Holding Corporation (HYMC) Balance Sheet
HYMC balance sheet, 2025
December 31, 2025 · U.S. dollars$263.0M assets = $49.3M liabilities + $213.7M equity
Both columns are drawn to the same scale: what HYMC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HYMC financial health
Descriptive bands, not a rating. Fiscal 2025.
HYMC balance sheet trends, 2014–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $941.2M2014 | $263.0M2025 | −13.2%/yr | |
| Total liabilities | $663.7M2014 | $49.3M2025 | −25.1%/yr | |
| Shareholders’ equity | $277.6M2014 | $213.7M2025 | −2.9%/yr | |
| Cash & short-term investments | $8.8M2014 | $182.5M2025 | +40.1%/yr | |
| Total debt | $437.2M2014 | $39,0002025 | −64.5%/yr | |
| Net cash (debt) | −$428.4M2014 | $182.5M2025 | +$610.8M | |
| Working capital | −$293.5M2014 | $176.8M2025 | +$470.3M | |
| Book value per share | $0.602023 | $4.942025 | +187.1%/yr | |
| Debt / equity | 1.582014 | 0.002025 | −1.57 | |
| Shares outstanding | 21.1M2023 | 43.3M2025 | +43.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HYMC assets
HYMC liabilities and equity
HYMC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HYMC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $182.5M | $50.0M | $106.2M | $142.0M | $12.3M | $56.4M | $9.5M | $9.7M | $24,945 | $8.8M |
| Cash & equivalents | $181.7M | $49.6M | $106.2M | $142.0M | $12.3M | $56.4M | $9.5M | $9.1M | $24,945 | $7.6M |
| Short-term investments | $776,000 | $454,000 | $204,000 | $238,000 | $195,000 | $1.1M | $539,000 | $539,000 | $554,000 | $1.2M |
| Receivables | $609,000 | $369,000 | $2.2M | $4.8M | $1.5M | $426,000 | $97,000 | $0 | $1 | $3.8M |
| Inventory | $1.4M | $1.4M | $1.8M | $2.8M | $11.1M | $12.9M | $4.5M | $2.1M | $1.9M | $235.4M |
| Other current assets | $0 | $2.9M | $3.3M | $2.8M | $12.4M | $42.3M | $24.7M | $6.8M | $0 | $50.9M |
| Total current assets | $184.5M | $54.6M | $113.6M | $152.4M | $37.4M | $112.0M | $38.8M | $18.5M | $24,945 | $298.8M |
| Property, plant & equipment (net) | $53.0M | $51.6M | $53.1M | $54.8M | $58.5M | $60.2M | $31.5M | $41.4M | $44.8M | $491.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $151,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $25.5M | $33.8M | $35.0M | $41.7M | $46.5M | $60.4M | $64.4M | $39.9M | $0 | $150.8M |
| Total assets | $263.0M | $140.1M | $201.7M | $249.0M | $142.3M | $232.6M | $134.6M | $99.7M | $191,445 | $941.2M |
| Liabilities | ||||||||||
| Accounts payable | $4.4M | $2.4M | $1.6M | $5.6M | $9.4M | $12.3M | $10.7M | $3.8M | $2.6M | $35.6M |
| Short-term debt | $31,000 | $63,000 | $155,000 | $139,000 | −$557,000 | $5.1M | $554.0M | $131.4M | $190,696 | $543.3M |
| Deferred revenue | — | — | $1.6M | $1.1M | $125,000 | $124,000 | — | −$134.7M | −$2.6M | — |
| Total current liabilities | $7.7M | $5.8M | $11.7M | $12.0M | $31.3M | $21.7M | $569.5M | $138.0M | $169,229 | $592.4M |
| Long-term debt | $0 | $124.9M | $142.6M | $132.7M | $143.6M | $142.7M | $0 | $0 | $0 | $0 |
| Lease obligations | $39,000 | $9,000 | $33,000 | $11,000 | $339,000 | $0 | — | — | — | — |
| Other long-term liabilities | $41.6M | $42.8M | $34.7M | $40.9M | $35.9M | $51.7M | $4.4M | $302.1M | $377.9M | $71.3M |
| Total liabilities | $49.3M | $173.6M | $189.0M | $185.6M | $210.8M | $216.0M | $573.9M | $440.1M | $169,229 | $663.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $8,000 | $21,000 | $21,000 | $20,000 | $6,000 | $6,000 | $203.1M | $3,000 | $575 | $126,000 |
| Retained earnings (deficit) | −$826.7M | −$786.1M | −$725.2M | −$670.2M | −$609.3M | −$520.8M | −$444.4M | −$345.5M | −$2,784 | −$493.8M |
| Accumulated other comprehensive income | — | — | — | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $213.7M | −$33.4M | $12.7M | $63.3M | −$68.5M | $16.6M | −$439.3M | −$340.4M | $22,216 | $277.6M |
| Key figures | ||||||||||
| Total debt | $39,000 | $125.0M | $142.8M | $132.8M | $143.4M | $147.8M | $554.0M | $427.6M | $143,696 | $437.2M |
| Net cash (debt) | $182.5M | −$75.0M | −$36.6M | $9.2M | −$131.1M | −$91.4M | −$544.5M | −$417.9M | −$118,751 | −$428.4M |
| Working capital | $176.8M | $48.8M | $101.8M | $140.4M | $6.1M | $90.3M | −$530.7M | −$119.6M | −$144,284 | −$293.5M |
| Tangible book value | $213.7M | −$33.4M | $12.7M | $63.3M | −$68.5M | $16.6M | −$439.3M | −$340.4M | $22,216 | $277.6M |
| Book value per share | $4.94 | −$1.44 | $0.60 | — | — | — | — | — | — | — |
| Shares outstanding | 43.3M | 23.2M | 21.1M | — | — | — | — | — | — | — |
| Current ratio | 23.86 | 9.42 | 9.67 | 12.66 | 1.20 | 5.17 | 0.07 | 0.13 | 0.15 | 0.50 |
| Quick ratio | 23.68 | 8.70 | 9.23 | 12.20 | 0.44 | 2.62 | 0.02 | 0.07 | 0.15 | 0.02 |
| Debt / equity | 0.00 | — | 11.28 | 2.10 | — | 8.89 | — | — | 6.47 | 1.58 |
| Equity / assets | 81.2% | −23.8% | 6.3% | 25.4% | −48.1% | 7.1% | −326.2% | −341.2% | 11.6% | 29.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $220.5M | $189.7M | $182.5M | $139.9M | $69.9M | $40.4M | $50.0M | $56.5M | $59.0M | $57.6M | $106.2M | $107.1M |
| Cash & equivalents | $220.5M | $189.0M | $181.7M | $139.1M | $68.8M | $39.7M | $49.6M | $55.8M | $58.5M | $57.6M | $106.2M | $106.9M |
| Short-term investments | $0 | $660,000 | $776,000 | $796,000 | $1.1M | $739,000 | $454,000 | $708,000 | $426,000 | $213,000 | $204,000 | $236,000 |
| Receivables | $300,000 | $632,000 | $609,000 | $450,000 | $272,000 | $328,000 | $369,000 | $1.9M | $1.9M | $2.2M | $2.2M | $2.0M |
| Inventory | $1.6M | $1.5M | $1.4M | $1.3M | $1.3M | $1.3M | $1.4M | $1.4M | $1.8M | $1.7M | $1.8M | $2.8M |
| Other current assets | $3.1M | $0 | $0 | $3.8M | $3.3M | $2.0M | $2.9M | $4.3M | $4.6M | $4.0M | $3.3M | $3.4M |
| Total current assets | $225.6M | $191.8M | $184.5M | $145.4M | $74.8M | $44.0M | $54.6M | $64.1M | $67.2M | $65.5M | $113.6M | $115.4M |
| Property, plant & equipment (net) | $53.0M | $53.0M | $53.0M | $50.5M | $56.7M | $57.0M | $51.6M | $52.0M | $52.0M | $52.1M | $53.1M | $53.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $151,000 | $708,000 | $1.3M | $0 | $0 | $0 |
| Other non-current assets | $14.5M | $25.1M | $25.5M | $34.6M | $30.7M | $28.3M | $33.8M | $32.2M | $35.0M | $35.0M | $35.0M | $42.8M |
| Total assets | $293.1M | $269.9M | $263.0M | $230.6M | $162.1M | $129.3M | $140.1M | $149.0M | $155.5M | $152.6M | $201.7M | $211.8M |
| Liabilities | ||||||||||||
| Accounts payable | $2.2M | $3.0M | $4.4M | $1.8M | $1.3M | — | $2.4M | $3.2M | $2.0M | $1.7M | $1.6M | $911,000 |
| Short-term debt | $23,000 | $31,000 | $31,000 | $60,000 | $59,000 | $92,000 | $63,000 | $93,000 | $123,000 | $155,000 | $2.4M | $2.3M |
| Deferred revenue | $750,000 | — | — | $3.9M | — | — | — | −$3.3M | $300,000 | $109,000 | $1.6M | $1.1M |
| Total current liabilities | $5.8M | $4.2M | $7.7M | $7.6M | $2.9M | $2.7M | $5.8M | $9.6M | $9.2M | $6.0M | $11.7M | $8.5M |
| Long-term debt | $0 | $0 | $0 | $134.2M | $131.0M | $127.9M | $124.9M | $122.0M | $119.2M | $116.4M | $142.6M | $140.0M |
| Lease obligations | $23,000 | $31,000 | $39,000 | $46,000 | $54,000 | $95,000 | $9,000 | $16,000 | $18,000 | $25,000 | $33,000 | $17,000 |
| Other long-term liabilities | $36.5M | $41.9M | $41.6M | $41.3M | $43.5M | $43.2M | $42.8M | $40.5M | $36.8M | $36.4M | $34.7M | $40.7M |
| Total liabilities | $42.2M | $46.1M | $49.3M | $183.1M | $177.4M | $173.8M | $173.6M | $172.2M | $165.2M | $158.8M | $189.0M | $189.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $9,000 | $9,000 | $8,000 | $24,000 | $22,000 | $21,000 | $21,000 | $21,000 | $21,000 | $21,000 | $21,000 | $20,000 |
| Retained earnings (deficit) | −$895.8M | −$875.0M | −$826.7M | −$818.9M | −$809.6M | −$797.8M | −$786.1M | −$773.3M | −$759.1M | −$745.9M | −$725.2M | −$713.7M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | — | — | $0 |
| Total shareholders' equity | $250.9M | $223.8M | $213.7M | $47.5M | −$15.3M | −$44.5M | −$33.4M | −$23.1M | −$9.7M | −$6.3M | $12.7M | $22.6M |
| Key figures | ||||||||||||
| Total debt | $23,000 | $31,000 | $39,000 | $134.2M | $131.1M | $128.1M | $125.0M | $122.1M | $119.3M | $116.6M | $145.0M | $142.4M |
| Net cash (debt) | $220.5M | $189.6M | $182.5M | $5.7M | −$61.2M | −$87.6M | −$75.0M | −$65.6M | −$60.3M | −$59.0M | −$38.8M | −$35.2M |
| Working capital | $219.8M | $187.6M | $176.8M | $137.8M | $71.9M | $41.3M | $48.8M | $54.5M | $58.0M | $59.5M | $101.8M | $107.0M |
| Tangible book value | $250.9M | $223.8M | $213.7M | $47.5M | −$15.3M | −$44.5M | −$33.4M | −$23.1M | −$9.7M | −$6.3M | $12.7M | $22.6M |
| Book value per share | $2.74 | $2.49 | $2.57 | $1.72 | −$0.55 | −$1.78 | −$1.34 | −$0.96 | −$0.42 | −$0.30 | $0.52 | $1.12 |
| Shares outstanding | 91.5M | 89.7M | 83.0M | 27.6M | 27.6M | 24.9M | 24.8M | 24.1M | 23.0M | 20.8M | 24.1M | 20.2M |
| Current ratio | 39.21 | 45.60 | 23.86 | 19.04 | 25.80 | 16.17 | 9.42 | 6.69 | 7.30 | 10.89 | 9.67 | 13.65 |
| Quick ratio | 38.39 | 45.26 | 23.68 | 18.37 | 24.20 | 14.97 | 8.70 | 6.09 | 6.61 | 9.94 | 9.23 | 12.91 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 2.83 | — | — | — | — | — | — | 11.46 | 6.31 |
| Equity / assets | 85.6% | 82.9% | 81.2% | 20.6% | −9.4% | −34.4% | −23.8% | −15.5% | −6.3% | −4.1% | 6.3% | 10.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 3, 2026); data from EODHD.
HYMC financial position
At the end of fiscal 2025 (December 31, 2025), Hycroft Mining had total assets of $263.0 million (up 87.7% from a year earlier), total liabilities of $49.3 million and shareholders' equity of $213.7 million. It held $182.5 million in cash and short-term investments against $0.0 million of debt, a net cash position of $182.5 million. Its current ratio was 23.86. In the latest quarter (ended June 30, 2026) total assets were $293.1 million and equity $250.9 million.
Related: HYMC income statement, HYMC cash flow statement, HYMC key metrics. See the HYMC stock overview for the latest quote and news.
HYMC balance sheet FAQ
What are Hycroft Mining's total assets?
Hycroft Mining reported total assets of $263.0 million at the end of fiscal 2025 (December 31, 2025), compared with $140.1 million a year earlier.
How much debt does Hycroft Mining have?
Hycroft Mining had $0.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Hycroft Mining have?
Hycroft Mining held $182.5 million in cash and short-term investments at the end of fiscal 2025; with $0.0 million of debt that is net cash of $182.5 million.
What is Hycroft Mining's book value?
Hycroft Mining's shareholders' equity (book value) was $213.7 million at the end of fiscal 2025, or $4.94 per share.
What is Hycroft Mining's current ratio?
Hycroft Mining had current assets of $184.5 million and current liabilities of $7.7 million, a current ratio of 23.86 (it can cover its short-term obligations).