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	122.76	113.31	119.23	91.26	119.22
Gross Profit	47.56	30.94	17.78	-0.54	-6.48
Selling, General & Admin	26.7	17.17	15.45	11.89	11.44
Depreciation & Amortization Expenses	27.85	30.86	30.36	20.43	24.14
Exploration Expenses	22.2	16.55	20.17	14.97	22.6
Other Operating Expenses	-10.63	43.05	137.7	60.61	16.52
Total Operating Expenses	66.11	107.63	203.68	107.9	74.7
Operating Income	2.65	-50.57	-162.06	-95.44	-64.28
Interest Income	-7.22	-4.6	36.92	-7.79	-6.2
Other Non-Operating Income (Expense)	11.51	8.43	192.18	22.94	6.28
Total Non-Operating Income (Expense)	4.3	3.83	229.1	15.15	0.08
Pretax Income	6.95	-46.74	67.04	-80.29	-64.2
Provision for Income Taxes	-27.49	-3.05	33.86	5.81	-7.32
Net Income	34.43	-43.69	55.3	-91.11	-57.06
Minority Interest in Earnings	-	-	22.12	5.02	0.17
Net Income to Common	34.43	-43.69	55.3	-91.11	-57.06
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
Shares Outstanding	55.52	53.05	49.44	47.43	45.92
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	24.08%	17.73%	10.70%	-0.49%	-4.75%
Operating Margin	1.34%	-28.98%	-97.49%	-86.43%	-47.08%
Profit Margin	17.43%	-25.04%	19.96%	-77.97%	-41.66%
FCF Margin	-19.12%	-7.82%	-39.55%	-73.15%	-40.25%
EBITDA	30.5	-19.71	-131.7	-75.91	-38.94
EBITDA Margin	15.44%	-11.30%	-79.23%	-68.74%	-28.52%
EBIT	2.65	-50.57	-162.06	-95.44	-64.28
EBIT Margin	1.34%	-28.98%	-97.49%	-86.43%	-47.08%
Effective Tax Rate	-395.52%	6.52%	50.51%	-7.23%	11.39%

Updated Mar 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q