McEwen Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	235.91	197.55	174.48	166.23	110.42	136.54
Revenue Growth (YoY)	39.63%	13.23%	4.96%	50.55%	-19.13%	30.30%
Cost of Revenue	149.86	130.72	120.47	201.87	157.99	131.66
Gross Profit	86.05	66.83	54.01	-35.64	-47.57	4.88
Selling, General & Admin	32.79	26.7	17.17	15.45	11.89	11.44
Other Operating Expenses	2.98	3.02	2.05	2.69	3.35	3.45
Operating Expenses	88.5	79.76	66.63	68.67	50.64	61.63
Operating Income	-2.45	-12.93	-12.62	-104.3	-98.21	-56.75
Interest Expense	-7.22	-7.22	-4.6	-5.75	-7.79	-6.2
Interest & Investment Income	-	-	-	42.67	-	-
Earnings From Equity Investments	53.98	15.58	-37.96	-57.76	2.78	-7.53
Currency Exchange Gain (Loss)	-2.04	-2.04	1.46	-51.51	23.8	0.51
Other Non Operating Income (Expenses)	-8.22	-0.06	0.76	1.07	-0.35	2.2
EBT Excluding Unusual Items	34.06	-6.66	-52.95	-175.58	-79.78	-67.77
Gain (Loss) on Sale of Investments	13.45	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	47.5	6.95	-46.74	67.04	-80.29	-64.2
Income Tax Expense	-26.58	-27.49	-3.05	33.86	5.81	-7.32
Earnings From Continuing Operations	74.08	34.43	-43.69	33.18	-86.09	-56.88
Minority Interest in Earnings	-	-	-	22.12	5.02	0.17
Net Income	74.08	34.43	-43.69	55.3	-81.08	-56.71
Net Income to Common	74.08	34.43	-43.69	55.3	-81.08	-56.71
Shares Outstanding (Basic)	54	54	51	48	47	45
Shares Outstanding (Diluted)	66	66	51	48	47	45
Shares Change (YoY)	69.53%	28.50%	7.31%	0.25%	4.26%	12.75%
EPS (Basic)	1.37	0.64	-0.86	1.16	-1.71	-1.25
EPS (Diluted)	0.59	0.59	-0.86	1.16	-1.71	-1.25
Free Cash Flow	-23.76	-37.77	-13.64	-65.74	-80.77	-54.95
Free Cash Flow Per Share	-0.36	-0.58	-0.27	-1.38	-1.70	-1.21
Gross Margin	36.48%	33.83%	30.96%	-21.44%	-43.08%	3.57%
Operating Margin	-1.04%	-6.54%	-7.23%	-62.75%	-88.95%	-41.56%
Profit Margin	31.40%	17.43%	-25.04%	33.27%	-73.43%	-41.53%
Free Cash Flow Margin	-10.07%	-19.12%	-7.82%	-39.55%	-73.15%	-40.24%
EBITDA	29.33	17.94	21	-73.95	-78.68	-29
EBITDA Margin	12.43%	9.08%	12.04%	-44.48%	-71.26%	-21.24%
D&A For EBITDA	31.77	30.87	33.62	30.36	19.53	27.74
EBIT	-2.45	-12.93	-12.62	-104.3	-98.21	-56.75
EBIT Margin	-1.04%	-6.54%	-7.23%	-62.75%	-88.95%	-41.56%
Effective Tax Rate	-	-	-	50.51%	-	-

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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