Americas Gold and Silver Corporation (USAS) Income Statement
USAS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsUSAS revenue and net income
Where USAS's revenue goes
2025Each bar shows an amount and its share of revenue. USAS kept −74.1% of revenue as net income.
USAS profit margins
USAS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +17.7% | +11.5% | +33.4% | +8.2% |
| 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.
USAS quarterly EPS vs estimates
Americas Gold and Silver beat the analyst EPS estimate in 1 of the last 6 quarters. Next report: November 9, 2026 (estimate $0.05).
USAS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117.9M | $100.2M | $95.2M | $85.0M | $45.1M | $27.9M | $58.4M | $68.4M | $54.3M | $58.9M |
| Cost of revenue | $106.1M | $106.8M | $101.5M | $93.4M | $100.6M | $37.2M | $57.2M | $62.7M | $46.7M | $53.5M |
| Gross profit | $11.8M | −$6.6M | −$6.3M | −$8.4M | −$55.5M | −$9.3M | $1.2M | $5.7M | $7.5M | $5.3M |
| Research & development | — | — | — | — | — | — | $2.6M | $2.7M | $2.7M | $1.7M |
| Sales, general & admin | $28.6M | $8.9M | $8.8M | $9.4M | $10.3M | $13.8M | $9.7M | $6.7M | $6.7M | $5.4M |
| Total operating expenses | $37.8M | $19.6M | $16.5M | $18.1M | $27.1M | $13.8M | $12.3M | $5.7M | $10.3M | $2.6M |
| Operating income | −$25.9M | −$26.2M | −$22.8M | −$26.5M | −$82.6M | −$23.1M | −$11.0M | −$6.0M | −$2.7M | $2.7M |
| Interest income | — | — | — | — | — | — | $4.3M | $185,000 | — | — |
| Interest expense | $5.3M | $7.4M | $8.2M | $1.8M | $4.9M | $253,000 | $1.8M | $1.4M | $723,000 | $2.3M |
| Income before taxes | −$82.8M | −$48.2M | −$40.2M | −$41.5M | −$162.2M | −$29.1M | −$32.3M | −$10.0M | −$3.9M | −$5.0M |
| Income taxes | $4.6M | $679,000 | −$2.1M | $3.7M | −$1.6M | $1.0M | $2.0M | $668,000 | −$427,000 | $210,000 |
| Net income | −$87.4M | −$44.9M | −$35.0M | −$43.1M | −$157.7M | −$25.2M | −$32.7M | −$10.7M | −$3.5M | −$5.2M |
| EBITDA | −$56.3M | −$16.7M | −$11.2M | −$18.3M | −$141.5M | −$22.6M | −$10.7M | $2.1M | $4.0M | $4.7M |
| EPS (diluted) | −$0.16 | −$0.31 | −$0.34 | −$0.38 | −$1.47 | −$0.44 | −$0.75 | −$0.36 | −$0.15 | −$0.44 |
| Gross margin | 10.0% | −6.6% | −6.7% | −9.9% | −123.3% | −33.4% | 2.1% | 8.3% | 13.9% | 9.1% |
| Operating margin | −22.0% | −26.2% | −24.0% | −31.2% | −183.4% | −82.8% | −18.9% | −8.8% | −5.0% | 4.6% |
| Net margin | −74.1% | −44.9% | −36.7% | −50.7% | −350.0% | −90.2% | −55.9% | −15.6% | −6.4% | −8.8% |
| 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 | $47.8M | $67.1M | $36.9M | $30.6M | $26.9M | $23.5M | $28.1M | $21.0M | $33.2M | $20.9M | $30.6M | $18.3M |
| Cost of revenue | $31.8M | $32.4M | $25.6M | $23.8M | $30.0M | $26.6M | $25.1M | $24.9M | $28.7M | $26.6M | $25.3M | $18.9M |
| Gross profit | $16.0M | $34.7M | $11.2M | $6.8M | −$3.0M | −$3.1M | $3.0M | −$3.9M | $4.5M | −$5.7M | $5.3M | −$693,000 |
| Sales, general & admin | $7.6M | $7.0M | $10.1M | $5.9M | $6.1M | $6.5M | $7.0M | $1.7M | $1.7M | $1.7M | $3.1M | $2.8M |
| Total operating expenses | $7.4M | $6.9M | $13.3M | $8.8M | $7.7M | $8.1M | $7.0M | $3.5M | $3.8M | $4.3M | $3.1M | $2.8M |
| Operating income | $8.7M | $27.8M | −$2.0M | −$2.0M | −$10.7M | −$11.2M | −$4.0M | −$7.3M | $679,000 | −$10.0M | $2.2M | −$3.5M |
| Interest expense | $1.2M | $565,062 | $1.8M | $1.7M | $1.4M | $474,000 | $655,000 | $4.4M | $2.9M | $689,000 | $1.5M | $2.5M |
| Income before taxes | −$145,216 | $16.5M | −$33.9M | −$15.0M | −$15.0M | −$18.9M | −$12.4M | −$16.0M | −$3.7M | −$16.2M | −$5.8M | −$10.5M |
| Income taxes | $4.7M | $6.6M | $3.8M | $702,000 | $121,000 | −$28,000 | $210,000 | $198,000 | $286,000 | −$15,000 | $4.3M | $10,999 |
| Net income | −$4.9M | $9.8M | −$37.7M | −$15.7M | −$15.1M | −$18.9M | −$11.6M | −$14.1M | −$4.9M | −$14.5M | −$9.9M | −$8.9M |
| EBITDA | $15.5M | $23.5M | −$26.6M | −$9.5M | −$6.8M | −$13.0M | −$4.1M | −$5.4M | $6.5M | −$9.8M | $2.3M | −$3.6M |
| EPS (diluted) | −$0.01 | $0.06 | −$0.05 | −$0.02 | −$0.05 | −$0.04 | −$0.03 | −$0.12 | −$0.05 | −$0.11 | −$0.04 | −$0.12 |
| Gross margin | 33.6% | 51.7% | 30.5% | 22.1% | −11.3% | −13.2% | 10.7% | −18.3% | 13.5% | −27.4% | 17.4% | −3.8% |
| Operating margin | 18.2% | 41.5% | −5.5% | −6.5% | −39.8% | −47.4% | −14.2% | −35.0% | 2.0% | −47.8% | 7.2% | −19.1% |
| Net margin | −10.2% | 14.7% | −102.3% | −51.3% | −56.1% | −80.3% | −41.2% | −66.9% | −14.6% | −69.3% | −32.5% | −48.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in USAS's financial statements (latest annual report filed March 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
USAS financial results
In fiscal year 2025 (ended December 31, 2025), Americas Gold and Silver reported revenue of $117.9 million, up 17.7% from the year before. It had a net loss of $87.4 million, a net profit margin of −74.1%. Diluted earnings per share came to −$0.16. Over five years revenue grew at an average rate of 33.4% a year.
See the USAS stock overview for the latest quote and news, or the USAS chart for price history and technical indicators.
USAS income statement FAQ
What is Americas Gold and Silver's annual revenue?
Americas Gold and Silver reported total revenue of $117.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 17.7% from $100.2 million the previous year.
Is Americas Gold and Silver profitable?
No. Americas Gold and Silver reported a net loss of $87.4 million in fiscal 2025, a net profit margin of −74.1%; its operating margin was −22.0%.
What is Americas Gold and Silver's gross margin?
Americas Gold and Silver's gross margin was 10.0% in fiscal 2025: for every $100 of revenue, Americas Gold and Silver kept $10 after the direct cost of its products and services.
How fast is Americas Gold and Silver growing?
Revenue grew 33.4% a year on average over the last five fiscal years, from $27.9 million to $117.9 million.
What are Americas Gold and Silver's earnings per share?
Americas Gold and Silver earned $-0.16 per diluted share in fiscal 2025, compared with $-0.31 a year earlier.
When will Americas Gold and Silver report its next earnings?
Americas Gold and Silver is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 before the market opens.
When does Americas Gold and Silver's fiscal year end?
Americas Gold and Silver's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 30, 2026.