McEwen Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	197.55	174.48	166.23	110.42	136.54
Revenue Growth (YoY)	13.23%	4.96%	50.55%	-19.13%	30.30%
Cost of Revenue	130.72	120.47	201.87	157.99	131.66
Gross Profit	66.83	54.01	-35.64	-47.57	4.88
Selling, General & Admin	26.7	17.17	15.45	11.89	11.44
Other Operating Expenses	3.02	2.05	2.69	3.35	3.45
Operating Expenses	79.76	66.63	68.67	50.64	61.63
Operating Income	-12.93	-12.62	-104.3	-98.21	-56.75
Interest Expense	-7.22	-4.6	-5.75	-7.79	-6.2
Interest & Investment Income	-	-	42.67	-	-
Earnings From Equity Investments	15.58	-37.96	-57.76	2.78	-7.53
Currency Exchange Gain (Loss)	-2.04	1.46	-51.51	23.8	0.51
Other Non Operating Income (Expenses)	-0.06	0.76	1.07	-0.35	2.2
EBT Excluding Unusual Items	-6.66	-52.95	-175.58	-79.78	-67.77
Gain (Loss) on Sale of Investments	13.61	6.21	20.46	-0.51	0.03
Gain (Loss) on Sale of Assets	-	-	222.16	-	-
Other Unusual Items	-	-	-	-	3.54
Pretax Income	6.95	-46.74	67.04	-80.29	-64.2
Income Tax Expense	-27.49	-3.05	33.86	5.81	-7.32
Earnings From Continuing Operations	34.43	-43.69	33.18	-86.09	-56.88
Minority Interest in Earnings	-	-	22.12	5.02	0.17
Net Income	34.43	-43.69	55.3	-81.08	-56.71
Net Income to Common	34.43	-43.69	55.3	-81.08	-56.71
Shares Outstanding (Basic)	54	51	48	47	45
Shares Outstanding (Diluted)	66	51	48	47	45
Shares Change (YoY)	28.50%	7.31%	0.25%	4.26%	12.75%
EPS (Basic)	0.64	-0.86	1.16	-1.71	-1.25
EPS (Diluted)	0.59	-0.86	1.16	-1.71	-1.25
Free Cash Flow	-37.77	-13.64	-65.74	-80.77	-54.95
Free Cash Flow Per Share	-0.58	-0.27	-1.38	-1.70	-1.21
Gross Margin	33.83%	30.96%	-21.44%	-43.08%	3.57%
Operating Margin	-6.54%	-7.23%	-62.75%	-88.95%	-41.56%
Profit Margin	17.43%	-25.04%	33.27%	-73.43%	-41.53%
Free Cash Flow Margin	-19.12%	-7.82%	-39.55%	-73.15%	-40.24%
EBITDA	17.94	21	-73.95	-78.68	-29
EBITDA Margin	9.08%	12.04%	-44.48%	-71.26%	-21.24%
D&A For EBITDA	30.87	33.62	30.36	19.53	27.74
EBIT	-12.93	-12.62	-104.3	-98.21	-56.75
EBIT Margin	-6.54%	-7.23%	-62.75%	-88.95%	-41.56%
Effective Tax Rate	-	-	50.51%	-	-

Updated Mar 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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