Americas Silver (USAS) financial statements
Americas Silver reported revenue of $118M in fiscal 2025, up 8.0% a year over 9 years.
Net income was -$87M.
Free cash flow was -$73M.
The diluted share count rose 1836% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Americas Silver's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59M | $54M | $68M | $58M | $28M | $45M | $85M | $95M | $100M | $118M |
| Cost of revenue | $46M | $40M | $52M | $57M | $31M | $85M | $72M | -$81M | $83M | $85M |
| Gross profit | $13M | $14M | $16M | $2M | -$3M | -$40M | $13M | $176M | $17M | $33M |
| Selling, general and admin | $5M | $7M | $7M | $10M | $9M | $10M | $9M | $9M | $9M | $29M |
| Interest expense | — | — | — | — | — | — | — | — | $7M | $5M |
| Pre-tax income | -$5M | -$4M | -$10M | -$32M | -$31M | -$162M | -$41M | -$40M | -$48M | -$83M |
| Income tax | $210,000 | -$427,000 | $668,000 | $2M | -$1M | -$2M | $4M | -$2M | $679,000 | $5M |
| Net income | — | — | -$10M | -$33M | -$25M | -$158M | -$43M | -$35M | -$45M | -$87M |
| EPS (diluted) | — | — | — | — | — | -$2.77 | -$0.52 | -$0.40 | -$0.43 | -$0.33 |
| Diluted shares | 14M | 16M | 17M | 29M | 42M | 57M | 74M | 85M | 106M | 267M |
| Gross margin | 21.6% | 26.2% | 23.8% | 2.9% | -12.0% | -88.2% | 15.2% | 184.8% | 17.4% | 28.0% |
| Net margin | — | — | -14.4% | -55.9% | -90.2% | -350.0% | -50.7% | -36.7% | -45.0% | -74.1% |
Balance sheet
Fiscal years, from Americas 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 | $24M | $9M | $3M | $20M | $5M | $3M | $2M | $2M | $20M | $130M |
| Receivables | $4M | $7M | $8M | $5M | $5M | $8M | $12M | $9M | $7M | $9M |
| Inventory | $7M | $9M | $8M | $7M | $8M | $10M | $9M | $9M | $11M | $11M |
| Total current assets | $37M | $26M | $29M | $35M | $20M | $24M | $25M | $23M | $41M | $154M |
| Property, plant and equipment | $81M | $100M | $96M | $190M | $259M | $178M | $161M | $153M | $147M | $249M |
| Total assets | $117M | $127M | $127M | $231M | $285M | $213M | $191M | $180M | $193M | $413M |
| Total current liabilities | $16M | $14M | $23M | $35M | $39M | $46M | $42M | $61M | $69M | $86M |
| Long-term debt | — | $11M | $6M | — | — | — | — | — | — | — |
| Total liabilities | $30M | $39M | $43M | $92M | $104M | $110M | $92M | $108M | $131M | $191M |
| Shareholders' equity | $87M | $88M | $84M | $126M | $170M | $93M | $81M | $53M | $62M | $222M |
| Net debt | -$16M | $2M | $5M | -$20M | $859,000 | -$3M | -$2M | -$2M | -$20M | -$130M |
Cash flow
Fiscal years, from Americas Silver's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5M | $2M | $9M | $14M | -$19M | -$51M | -$1M | -$1M | -$3M | -$4M |
| Capital spending | $5M | $7M | $15M | $12M | $12M | $13M | $20M | -$20M | $19M | $69M |
| Free cash flow | $727,000 | -$6M | -$6M | $3M | -$30M | -$64M | -$21M | $19M | -$22M | -$73M |
| Stock-based compensation | $1M | $2M | $2M | $4M | $4M | $4M | $3M | $2M | $1M | $12M |
| Net borrowing | — | $15M | $4M | — | $5M | — | -$1M | $2M | — | — |
| Free cash flow margin | 1.2% | -10.3% | -9.2% | 4.4% | -109.4% | -141.2% | -24.4% | 19.9% | -21.9% | -62.1% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for USAS.
Open USAS in InvestinglyQuestions
What was Americas Silver's revenue in 2025?
$118M in fiscal 2025, from its 10-K filing.
How much free cash flow does Americas Silver generate?
-$73M in fiscal 2025 (operating cash flow minus capital spending).
From Americas Silver's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.