Hycroft Mining Holding Corporation (HYMC) Income Statement
HYMC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHYMC revenue and net income
HYMC profit margins
HYMC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HYMC quarterly EPS vs estimates
Hycroft Mining beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: October 27, 2026 (estimate $-0.22).
HYMC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $33.2M | $110.7M | $47.0M | $13.7M | $0 | $0 | $310.4M |
| Cost of revenue | $29.5M | $12.1M | $14.0M | $48.9M | $163.3M | $109.6M | $30.7M | $5.1M | $4.4M | $281.9M |
| Gross profit | −$29.5M | −$12.1M | −$14.0M | −$15.7M | −$52.6M | −$62.6M | −$17.0M | −$5.1M | −$4.4M | $28.5M |
| Research & development | $14.9M | $19.5M | $20.6M | $18.4M | $13.6M | — | $7.7M | — | — | — |
| Sales, general & admin | $14.5M | $14.5M | $12.7M | $14.4M | $14.6M | $21.1M | $13.8M | $609,580 | $4.8M | $23.2M |
| Total operating expenses | $15.0M | $31.7M | $31.0M | $37.8M | $31.3M | $26.8M | $16.9M | $609,580 | $2,780 | $502.8M |
| Operating income | −$44.5M | −$43.8M | −$45.0M | −$53.5M | −$83.9M | −$89.4M | −$33.9M | −$610,000 | −$2,780 | −$56.9M |
| Interest income | $4.4M | $4.4M | $8.3M | $2.3M | $43,000 | $199,000 | $4.4M | $2.8M | — | — |
| Interest expense | $11.0M | $20.0M | $18.5M | $18.5M | $20.6M | $43.5M | $64.8M | $2.8M | $0 | $0 |
| Income before taxes | −$40.7M | −$60.9M | −$55.0M | −$60.8M | −$90.1M | −$136.4M | −$98.9M | $2.2M | −$2,780 | −$514.1M |
| Income taxes | — | — | −$1.2M | $7.3M | −$1.5M | $41.5M | $62.8M | $555,450 | −$145,000 | $4.8M |
| Net income | −$40.7M | −$60.9M | −$55.0M | −$60.8M | −$88.6M | −$136.4M | −$98.9M | $1.7M | −$2,780 | −$518.9M |
| EBITDA | −$27.7M | −$38.8M | −$34.2M | −$39.7M | −$67.1M | −$89.1M | −$34.0M | $2.2M | −$2,780 | $5.2M |
| EPS (diluted) | −$1.10 | −$2.33 | −$3.96 | −$3.73 | −$9.09 | −$8.90 | $0.10 | $0.06 | — | −$47.40 |
| Gross margin | — | — | — | −47.1% | −47.5% | −133.0% | −123.7% | — | — | 9.2% |
| Operating margin | — | — | — | −161.0% | −75.8% | −190.0% | −247.6% | — | — | −18.3% |
| Net margin | — | — | — | −183.1% | −80.0% | −289.9% | −721.4% | — | — | −167.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $7.9M | $1.4M | $0 | $0 | $0 | $0 |
| Cost of revenue | −$5.1M | $691,000 | $788,000 | $3.0M | $3.2M | $534,000 | $3.6M | $2.6M | $3.1M | $3.2M | $5.4M | $912,000 |
| Gross profit | $5.1M | −$691,000 | −$788,000 | −$3.0M | −$3.2M | −$534,000 | −$3.6M | −$2.6M | −$3.1M | −$3.2M | −$5.4M | −$912,000 |
| Research & development | $8.6M | $9.7M | $5.5M | — | $2.3M | $3.0M | $4.9M | $4.7M | $5.1M | $4.9M | $4.7M | $7.2M |
| Sales, general & admin | $15.2M | $34.2M | $5.5M | $2.6M | $3.5M | $2.9M | $3.2M | $4.4M | $3.9M | $2.9M | $2.9M | $2.8M |
| Total operating expenses | $27.6M | $49.4M | $18.0M | $4.2M | $6.1M | $8.7M | −$1.3M | $9.1M | $7.5M | $8.7M | $3.5M | $12.7M |
| Operating income | −$22.5M | −$50.1M | −$18.8M | −$7.3M | −$9.3M | −$9.2M | −$2.3M | −$11.7M | −$10.5M | −$11.9M | −$8.9M | −$13.6M |
| Interest income | $1.8M | $1.9M | $1.8M | $1.1M | $687,000 | $719,000 | $1.0M | $1.0M | $1.2M | $2.7M | $2.1M | $2.1M |
| Interest expense | $0 | $0 | $595,000 | $3.5M | $3.4M | $3.4M | $3.3M | $3.3M | $3.2M | $10.1M | $4.7M | $4.7M |
| Income before taxes | −$20.8M | −$48.3M | −$7.8M | −$9.4M | −$11.8M | −$11.8M | −$12.7M | −$14.2M | −$20.7M | −$20.7M | −$11.5M | −$15.7M |
| Income taxes | — | — | — | — | — | — | −$804,724 | — | — | $804,724 | −$11.9M | $765,586 |
| Net income | −$20.8M | −$48.3M | −$7.8M | −$9.4M | −$11.7M | −$11.8M | −$12.7M | −$14.2M | −$13.2M | −$20.7M | −$11.5M | −$15.7M |
| EBITDA | −$20.4M | −$47.9M | −$6.7M | −$5.3M | −$7.8M | −$7.9M | −$2.0M | −$10.4M | −$16.9M | −$16.9M | −$6.2M | −$10.1M |
| EPS (diluted) | −$0.23 | −$0.54 | $0.08 | −$0.28 | −$0.43 | −$0.47 | −$0.44 | −$0.50 | −$0.49 | −$0.90 | −$2.39 | −$0.80 |
| Gross margin | — | — | — | — | — | — | −45.5% | −192.2% | — | — | — | — |
| Operating margin | — | — | — | — | — | — | −29.1% | −857.5% | — | — | — | — |
| Net margin | — | — | — | — | — | — | −160.3% | −1,040.1% | — | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HYMC's financial statements (latest annual report filed March 3, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HYMC financial results
Hycroft Mining reported no revenue in fiscal year 2025 (ended December 31, 2025). It had a net loss of $40.7 million. Diluted earnings per share came to −$1.10.
See the HYMC stock overview for the latest quote and news, or the HYMC chart for price history and technical indicators.
HYMC income statement FAQ
Does Hycroft Mining have revenue?
Hycroft Mining reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is Hycroft Mining profitable?
No. Hycroft Mining reported a net loss of $40.7 million in fiscal 2025.
How much does Hycroft Mining spend on research and development?
Hycroft Mining spent $14.9 million on research and development in fiscal 2025.
What are Hycroft Mining's earnings per share?
Hycroft Mining earned $-1.10 per diluted share in fiscal 2025, compared with $-2.33 a year earlier.
When will Hycroft Mining report its next earnings?
Hycroft Mining is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does Hycroft Mining's fiscal year end?
Hycroft Mining's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 3, 2026.