United States Antimony (UAMY) financial statements
United States Antimony reported revenue of $39M in fiscal 2025, up 14.2% a year over 9 years.
Net income was -$4M and the operating margin -21.5%, against -6.9% in 2016.
Free cash flow was -$37M, and the company returned $449,475 in net buybacks.
The diluted share count rose 85% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from United States Antimony's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12M | $10M | $9M | $8M | $5M | $8M | $11M | $9M | $15M | $39M |
| Cost of revenue | $11M | $10M | $9M | $9M | $5M | $7M | $9M | $12M | $11M | $29M |
| Gross profit | $536,651 | $275,460 | $1,543 | -$816,251 | $205,698 | $838,605 | $2M | -$3M | $3M | $10M |
| Selling, general and admin | $681,487 | $647,566 | $795,833 | $674,494 | $607,365 | $677,558 | $658,242 | $2M | $2M | $3M |
| Operating income | -$816,522 | -$959,699 | $547,036 | -$4M | -$3M | -$660,257 | $348,205 | -$7M | -$2M | -$8M |
| Interest expense | $160,795 | $106,975 | $99,970 | $78,344 | $17,991 | $5,539 | $15,141 | — | — | — |
| Pre-tax income | -$1M | -$1M | $540,893 | -$4M | -$3M | -$60,469 | $444,734 | -$6M | -$2M | -$4M |
| Income tax | $298,138 | $0 | -$332,332 | $0 | $0 | $0 | $16,073 | $0 | $0 | $0 |
| Net income | -$1M | -$1M | $873,225 | -$4M | -$3M | -$60,469 | $428,661 | -$6M | -$2M | -$4M |
| EPS (diluted) | -$0.02 | -$0.02 | $0.01 | -$0.05 | -$0.05 | — | — | -$0.06 | -$0.02 | -$0.04 |
| Diluted shares | 67M | 67M | 68M | 69M | 73M | — | 106M | 108M | 109M | 124M |
| Gross margin | 4.5% | 2.7% | 0.0% | -9.9% | 3.9% | 10.8% | 18.1% | -38.5% | 23.2% | 25.2% |
| Operating margin | -6.9% | -9.4% | 6.1% | -45.4% | -63.1% | -8.5% | 3.2% | -81.3% | -16.0% | -21.5% |
| Net margin | -11.0% | -11.1% | 9.7% | -44.4% | -62.8% | -0.8% | 3.9% | -73.0% | -11.6% | -11.1% |
Balance sheet
Fiscal years, from United States Antimony's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $10,057 | $27,987 | $56,650 | $115,506 | $665,102 | $21M | $19M | $18M | $18M | $30M |
| Receivables | $552,119 | $362,579 | $438,391 | $284,453 | $238,634 | $891,314 | $784,457 | $625,256 | $1M | $4M |
| Inventory | $855,637 | $914,709 | $755,261 | $626,244 | $650,213 | $1M | $1M | $1M | $1M | $13M |
| Total current assets | $2M | $2M | $2M | $1M | $2M | $24M | $22M | $14M | $21M | $55M |
| Property, plant and equipment | $16M | $15M | $15M | $12M | $11M | $11M | $12M | $13M | $13M | $42M |
| Total assets | $18M | $17M | $18M | $14M | $13M | $35M | $35M | $28M | $35M | $154M |
| Total current liabilities | $3M | $4M | $4M | $4M | $4M | $2M | $2M | $897,458 | $4M | $10M |
| Long-term debt | $1M | $1M | $1M | $76,762 | $34,304 | $201,920 | $217,855 | $0 | $195,425 | $58,483 |
| Total liabilities | $6M | $7M | $6M | $5M | $6M | $3M | $3M | $3M | $6M | $13M |
| Shareholders' equity | $11M | $10M | $11M | $8M | $7M | $32M | $32M | $26M | $29M | $141M |
| Net debt | $2M | $2M | $2M | $17,590 | -$578,676 | -$21M | -$19M | -$12M | -$18M | -$30M |
Cash flow
Fiscal years, from United States Antimony's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $425,837 | $716,776 | -$656,631 | -$11,355 | -$1M | -$2M | -$249,277 | -$5M | $2M | -$10M |
| Capital spending | $595,839 | $365,541 | $899,119 | $792,925 | $243,091 | $648,128 | $2M | $2M | $430,596 | $28M |
| Free cash flow | -$170,002 | $351,235 | -$2M | -$804,280 | -$2M | -$3M | -$2M | -$6M | $2M | -$37M |
| Stock-based compensation | $137,500 | $168,750 | $175,000 | $175,000 | $130,483 | $110,000 | — | $0 | $568,588 | $7M |
| Dividends paid | — | — | — | — | — | — | $0 | $787,730 | $0 | — |
| Share buybacks (net) | — | — | — | — | — | $0 | -$202,980 | $0 | — | -$449,475 |
| Net borrowing | -$175,238 | -$211,529 | -$236,915 | -$127,683 | -$46,670 | $2M | -$64,745 | -$283,562 | -$103,488 | -$132,252 |
| Free cash flow margin | -1.4% | 3.4% | -17.2% | -9.7% | -29.6% | -39.7% | -17.9% | -72.2% | 12.0% | -95.5% |
| Dividends per share | — | — | — | — | — | — | — | $0.01 | — | — |
Questions
What was United States Antimony's revenue in 2025?
$39M in fiscal 2025, from its 10-K filing.
How much free cash flow does United States Antimony generate?
-$37M in fiscal 2025 (operating cash flow minus capital spending).
From United States Antimony's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.