Silvercorp Metals (SVM) financial statements
Silvercorp Metals reported revenue of $299M in fiscal 2025, up 7.8% a year over 8 years.
Net income was $58M and the operating margin 34.5%, against 44.8% in 2017.
Free cash flow was $132M, and the company returned $5M in dividends.
The diluted share count rose 20% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Silvercorp Metals's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $163M | $170M | $171M | $159M | $192M | $218M | $208M | $215M | $299M |
| Cost of revenue | $75M | $82M | $100M | $99M | $108M | $134M | $137M | $135M | $175M |
| Gross profit | $88M | $88M | $71M | $59M | $84M | $84M | $71M | $81M | $124M |
| Selling, general and admin | $6M | $7M | $6M | $5M | $5M | $5M | $4M | $5M | $13M |
| Operating income | $73M | $75M | $70M | $52M | $72M | $63M | $34M | $64M | $103M |
| Interest expense | $760,000 | $449,000 | $500,000 | $2M | $2M | $11M | $3M | $213,000 | $7M |
| Pre-tax income | $75M | $78M | $73M | $54M | $74M | $57M | $35M | $70M | $105M |
| Income tax | $19M | $19M | $21M | $9M | $13M | $14M | $14M | $20M | $26M |
| Net income | $44M | $47M | $40M | $34M | $46M | $31M | $21M | $36M | $58M |
| EPS (diluted) | $0.25 | $0.27 | $0.23 | $0.20 | $0.26 | $0.17 | $0.12 | $0.20 | $0.28 |
| Diluted shares | 171M | 171M | 170M | 174M | 177M | 178M | 179M | 179M | 206M |
| Gross margin | 53.9% | 51.7% | 41.6% | 37.4% | 43.8% | 38.7% | 34.0% | 37.5% | 41.3% |
| Operating margin | 44.8% | 44.4% | 41.1% | 32.8% | 37.3% | 28.7% | 16.2% | 29.7% | 34.5% |
| Net margin | 26.7% | 27.6% | 23.3% | 21.6% | 24.1% | 14.1% | 9.9% | 16.9% | 19.5% |
Balance sheet
Fiscal years, from Silvercorp Metals's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $73M | $49M | $67M | $66M | $119M | $113M | $146M | $153M | $364M |
| Receivables | $1M | $676,000 | $467,000 | $1M | $1M | $4M | $2M | $2M | $1M |
| Inventory | $9M | $11M | $11M | $8M | $10M | $9M | $8M | $7M | $8M |
| Total current assets | $111M | $123M | $135M | $158M | $221M | $232M | $219M | $202M | $387M |
| Property, plant and equipment | $65M | $71M | $69M | $67M | $76M | $79M | $80M | $80M | $94M |
| Total assets | $398M | $477M | $499M | $513M | $653M | $724M | $677M | $703M | $1.1B |
| Total current liabilities | $40M | $32M | $38M | $28M | $37M | $46M | $41M | $47M | $77M |
| Total liabilities | $80M | $79M | $86M | $74M | $87M | $103M | $97M | $106M | $306M |
| Shareholders' equity | $263M | $329M | $347M | $369M | $468M | $512M | $489M | $507M | $703M |
| Net debt | -$73M | -$49M | -$63M | -$66M | -$119M | -$113M | -$146M | -$153M | -$364M |
Cash flow
Fiscal years, from Silvercorp Metals's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $77M | $68M | $70M | $77M | $86M | $107M | $86M | $92M | $139M |
| Capital spending | $8M | $6M | $6M | $7M | $9M | $11M | $13M | $12M | $6M |
| Free cash flow | $69M | $62M | $64M | $70M | $77M | $97M | $72M | $80M | $132M |
| Stock-based compensation | $1M | $2M | $2M | $3M | $4M | $6M | $4M | $4M | $4M |
| Dividends paid | $2M | $3M | $4M | $4M | $4M | $4M | $4M | $4M | $5M |
| Net borrowing | -$4M | — | $5M | -$4M | — | — | — | — | $130M |
| Free cash flow margin | 42.5% | 36.3% | 37.6% | 44.0% | 40.1% | 44.4% | 34.8% | 37.2% | 44.3% |
| Dividends per share | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
Questions
What was Silvercorp Metals's revenue in 2025?
$299M in fiscal 2025, from its 10-K filing.
How much free cash flow does Silvercorp Metals generate?
$132M in fiscal 2025 (operating cash flow minus capital spending).
From Silvercorp Metals's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.