Endeavour Silver (EXK) financial statements
Endeavour Silver reported revenue of $468M in fiscal 2025, up 12.9% a year over 9 years.
Net income was -$119M and the operating margin 7.6%, against 12.3% in 2016.
Free cash flow was -$102M.
The diluted share count rose 138% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Endeavour Silver's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $157M | $150M | $151M | $117M | $138M | $165M | $210M | $205M | $218M | $468M |
| Cost of revenue | $118M | $122M | $147M | $135M | $111M | $129M | $159M | $169M | $176M | $385M |
| Gross profit | $39M | $28M | $4M | -$17M | $27M | $36M | $52M | $37M | $42M | $83M |
| Selling, general and admin | $9M | $8M | $9M | $10M | $13M | $10M | $11M | $12M | $14M | $23M |
| Operating income | $19M | $8M | -$18M | -$44M | -$793,000 | $22M | $23M | $9M | $8M | $36M |
| Interest expense | $1M | $715,000 | $211,000 | $602,000 | $1M | $985,000 | $1M | $1M | $2M | $14M |
| Pre-tax income | $12M | $8M | -$18M | -$44M | -$1M | $30M | $25M | $18M | -$22M | -$105M |
| Income tax | $8M | -$2M | -$5M | $4M | -$2M | $16M | $19M | $12M | $10M | $14M |
| Net income | $4M | $10M | -$12M | -$48M | $1M | $14M | $6M | $6M | -$32M | -$119M |
| EPS (diluted) | $0.03 | $0.08 | -$0.10 | -$0.36 | $0.01 | $0.08 | $0.03 | $0.03 | -$0.13 | -$0.42 |
| Diluted shares | 119M | 128M | 129M | 135M | 154M | 171M | 185M | 198M | 242M | 283M |
| Gross margin | 24.8% | 18.9% | 2.3% | -14.8% | 19.7% | 22.0% | 24.5% | 17.8% | 19.3% | 17.7% |
| Operating margin | 12.3% | 5.1% | -11.6% | -37.4% | -0.6% | 13.4% | 11.2% | 4.2% | 3.8% | 7.6% |
| Net margin | 2.5% | 6.4% | -8.3% | -40.9% | 0.8% | 8.4% | 3.0% | 3.0% | -14.5% | -25.5% |
Balance sheet
Fiscal years, from Endeavour Silver's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $72M | $38M | $33M | $23M | $66M | $115M | $92M | $40M | $108M | $216M |
| Receivables | $26M | $34M | $27M | $19M | $20M | $14M | $14M | $22M | $5M | $26M |
| Inventory | $13M | $13M | $15M | $14M | $17M | $27M | $19M | $27M | $36M | $62M |
| Total current assets | $113M | $88M | $78M | $63M | $105M | $162M | $146M | $101M | $158M | $423M |
| Property, plant and equipment | $66M | $89M | $89M | $88M | $88M | $122M | $234M | $315M | $506M | $786M |
| Goodwill | — | — | — | — | $0 | — | — | — | — | — |
| Total assets | $181M | $179M | $177M | $164M | $211M | $294M | $399M | $475M | $719M | $1.2B |
| Total current liabilities | $32M | $22M | $24M | $25M | $35M | $41M | $53M | $58M | $79M | $277M |
| Long-term debt | — | — | $0 | $6M | $6M | $6M | $8M | $5M | $115M | $4M |
| Total liabilities | $47M | $32M | $32M | $41M | $52M | $57M | $84M | $88M | $235M | $657M |
| Shareholders' equity | $133M | $147M | $145M | $123M | $159M | $237M | $316M | $386M | $484M | $579M |
| Net debt | -$72M | -$38M | -$33M | -$14M | -$51M | -$93M | -$69M | -$27M | $14M | -$203M |
Cash flow
Fiscal years, from Endeavour Silver's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $23M | $16M | $27M | -$10M | $39M | $23M | $55M | $12M | $19M | $67M |
| Capital spending | $20M | $40M | $40M | $22M | $26M | $54M | $110M | $118M | $195M | $169M |
| Free cash flow | $3M | -$24M | -$14M | -$31M | $13M | -$31M | -$55M | -$106M | -$176M | -$102M |
| Stock-based compensation | $3M | $3M | $2M | $3M | $3M | $4M | $4M | $4M | $3M | $4M |
| Net borrowing | -$1M | $0 | $0 | $9M | $781,000 | $836,000 | -$5M | -$5M | -$4M | -$160M |
| Free cash flow margin | 2.1% | -16.1% | -9.1% | -26.7% | 9.7% | -18.5% | -26.0% | -51.6% | -81.0% | -21.8% |
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Open EXK in InvestinglyQuestions
What was Endeavour Silver's revenue in 2025?
$468M in fiscal 2025, from its 10-K filing.
How much free cash flow does Endeavour Silver generate?
-$102M in fiscal 2025 (operating cash flow minus capital spending).
From Endeavour Silver's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.