What is Golden Minerals's earnings per share (EPS)?

Golden Minerals (AUMN) reported diluted earnings per share of $0.16 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Golden Minerals Financials

AUMN

Source SEC Filings (10-K/10-Q) Updated Apr 1, 2026 Currency USD FYE April

This page shows Golden Minerals (AUMN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Golden Minerals passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

-1.39x

For every $1 of reported earnings, Golden Minerals generates $-1.39 in operating cash flow (-$3.7M OCF vs $2.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

-$3.5M

YoY+22.1%

Golden Minerals's EBITDA was -$3.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 22.1% from the prior year.

Net Income

$2.7M

YoY+134.9%

Golden Minerals reported $2.7M in net income in fiscal year 2025. This represents an increase of 134.9% from the prior year.

EPS (Diluted)

$0.16

Golden Minerals earned $0.16 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.3M

YoY-57.8%

5Y CAGR-32.7%

10Y CAGR-10.5%

Golden Minerals held $1.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

15M

YoY+0.0%

Golden Minerals had 15M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

307.1%

5Y CAGR+383.0pp

10Y CAGR+633.7pp

Golden Minerals's ROE was 307.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

AUMN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	$12.0M-48.5%	$23.3M-9.0%	$25.6M+354.1%	$5.6M
Cost of Revenue	N/A	N/A	$12.4M-29.5%	$17.5M+31.8%	$13.3M+569.6%	$2.0M
Gross Profit	N/A	N/A	-$356K-106.2%	$5.7M-53.2%	$12.3M+236.7%	$3.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.3M-35.8%	$3.6M-23.2%	$4.7M+3.6%	$4.5M-6.7%	$4.8M+32.0%	$3.7M
Operating Income	-$3.5M+22.1%	-$4.6M+26.4%	-$6.2M+39.0%	-$10.1M-592.1%	-$1.5M+83.3%	-$8.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	$11K-87.5%	$88K-81.0%	$462K+862.5%	$48K
Net Income	$2.7M+134.9%	-$7.6M+17.6%	-$9.2M+6.8%	-$9.9M-372.8%	-$2.1M+76.9%	-$9.1M
EPS (Diluted)	$0.16	N/A	N/A	N/A	$-0.01+85.7%	$-0.07

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	$300K-88.1%	$2.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	$1.1M-65.9%	$3.3M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	-$833K-3.1%	-$808K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$748K+4.6%	$715K	N/A	$815K-25.8%	$1.1M+5.1%	$1.0M+4.5%	$1.0M-9.9%	$1.1M
Operating Income	-$933K-8.5%	-$860K	N/A	-$582K+59.8%	-$1.4M-19.7%	-$1.2M-1242.5%	$106K+104.5%	-$2.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$840K+32.2%	-$1.2M	N/A	$199K+107.2%	-$2.7M+39.8%	-$4.6M-252.0%	-$1.3M+59.2%	-$3.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AUMN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.2M-53.7%	$4.8M-67.7%	$14.9M-0.2%	$14.9M-37.0%	$23.7M+29.5%	$18.3M
Current Assets	$1.9M-49.6%	$3.9M-55.8%	$8.7M+9.3%	$8.0M-51.2%	$16.3M+44.4%	$11.3M
Cash & Equivalents	$1.3M-57.8%	$3.2M-15.7%	$3.8M-5.2%	$4.0M-67.5%	$12.2M+26.0%	$9.7M
Inventory	N/A	N/A	$830K-39.5%	$1.4M-14.7%	$1.6M+466.2%	$284K
Accounts Receivable	N/A	N/A	$51K	N/A	N/A	$72K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.4M-80.3%	$6.9M-29.4%	$9.8M+15.7%	$8.5M-12.0%	$9.6M+51.9%	$6.3M
Current Liabilities	$1.4M-62.5%	$3.6M-35.9%	$5.7M+30.4%	$4.3M-23.7%	$5.7M+126.2%	$2.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$864K+141.1%	-$2.1M-141.1%	$5.1M-21.1%	$6.5M-54.0%	$14.1M+17.7%	$12.0M
Retained Earnings	-$552.1M+0.5%	-$554.8M-1.4%	-$547.2M-1.7%	-$538.0M-1.9%	-$528.1M-0.4%	-$525.9M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$3.7M-25.5%	$4.9M+2.4%	$4.8M-21.1%	$6.1M+0.6%	$6.1M-46.6%	$11.4M-23.8%	$14.9M+21.2%	$12.3M
Current Assets	$2.7M-31.7%	$4.0M+3.2%	$3.9M+52.5%	$2.5M+1.0%	$2.5M-53.1%	$5.3M-38.8%	$8.7M+46.7%	$5.9M
Cash & Equivalents	$2.5M-29.1%	$3.5M+11.1%	$3.2M+78.7%	$1.8M+23.6%	$1.4M-40.9%	$2.4M-35.3%	$3.8M+137.9%	$1.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	$830K+172.1%	$305K
Accounts Receivable	N/A	N/A	N/A	$7K-93.5%	$107K-72.4%	$388K+660.8%	$51K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$7.7M-6.3%	$8.2M+18.5%	$6.9M-11.1%	$7.8M-3.0%	$8.0M-25.2%	$10.7M+9.6%	$9.8M+0.2%	$9.8M
Current Liabilities	$4.3M-11.9%	$4.9M+33.5%	$3.6M-19.9%	$4.5M-5.9%	$4.8M-26.3%	$6.5M+15.4%	$5.7M+1.3%	$5.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$4.0M-22.7%	-$3.3M-55.4%	-$2.1M-25.0%	-$1.7M+14.2%	-$2.0M-415.8%	$621K-87.9%	$5.1M+102.7%	$2.5M
Retained Earnings	-$556.9M-0.2%	-$556.0M-0.2%	-$554.8M-0.1%	-$554.3M0.0%	-$554.5M-0.5%	-$551.8M-0.8%	-$547.2M-0.2%	-$545.9M

AUMN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.7M+52.4%	-$7.7M+21.9%	-$9.9M-2.6%	-$9.7M-783.0%	$1.4M+114.9%	-$9.5M
Capital Expenditures	N/A	N/A	N/A	$52K-96.8%	$1.6M+244.7%	$470K
Free Cash Flow	N/A	N/A	N/A	-$9.7M-4613.1%	-$206K+97.9%	-$10.0M
Investing Cash Flow	$2.3M-67.3%	$7.2M+224.8%	$2.2M+1551.3%	-$152K+90.5%	-$1.6M-39975.0%	-$4K
Financing Cash Flow	-$19K0.0%	-$19K-100.3%	$7.5M+383.2%	$1.6M-42.8%	$2.7M-81.4%	$14.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$2.8M-884.2%	$354K+116.5%	-$2.1M-175.3%	-$777K+77.7%	-$3.5M-162.2%	-$1.3M+60.3%	-$3.4M-48.6%	-$2.3M
Capital Expenditures	N/A	N/A	N/A	-$1K-103.6%	$28K	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	-$778K+77.9%	-$3.5M	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	$3.5M+216.9%	$1.1M-53.5%	$2.4M+2063.1%	$111K-93.6%	$1.7M+286.6%	$448K
Financing Cash Flow	N/A	N/A	$0	$0	N/A	N/A	$3.8M	$0
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AUMN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	-3.0%-27.6pp	24.7%-23.3pp	48.0%-16.7pp	64.7%
Operating Margin	N/A	N/A	-51.6%-8.0pp	-43.6%-37.8pp	-5.7%+150.4pp	-156.1%
Net Margin	N/A	N/A	-76.9%-34.4pp	-42.5%-34.4pp	-8.2%+153.0pp	-161.2%
Return on Equity	307.1%	N/A	-180.5%-27.6pp	-152.9%-138.0pp	-14.9%+61.0pp	-75.9%
Return on Assets	119.1%+276.9pp	-157.8%-95.9pp	-61.9%+4.4pp	-66.3%-57.5pp	-8.8%+40.8pp	-49.6%
Current Ratio	1.42+0.4	1.06-0.5	1.54-0.3	1.83-1.0	2.87-1.6	4.49
Debt-to-Equity	1.58+4.9	-3.29-5.2	1.92+0.6	1.31+0.6	0.68+0.2	0.53
FCF Margin	N/A	N/A	N/A	-41.7%-40.9pp	-0.8%+175.8pp	-176.6%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	-277.7%-245.5pp	-32.2%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	35.3%+129.0pp	-93.7%
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	-432.3%-305.9pp	-126.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	-735.1%-709.7pp	-25.4%+100.6pp	-125.9%
Return on Assets	-22.9%+2.3pp	-25.1%	N/A	3.3%+48.6pp	-45.3%-5.1pp	-40.2%-31.5pp	-8.7%+17.1pp	-25.8%
Current Ratio	0.64-0.2	0.82-0.2	1.06+0.5	0.56+0.0	0.52-0.3	0.81-0.7	1.54+0.5	1.06
Debt-to-Equity	-1.92+0.6	-2.51+0.8	-3.29+1.3	-4.63-0.5	-4.09-21.4	17.29+15.4	1.92-2.0	3.88
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Golden Minerals profitable?

Yes, Golden Minerals (AUMN) reported a net income of $2.7M in fiscal year 2025.

What is Golden Minerals's EBITDA?

Golden Minerals (AUMN) had EBITDA of -$3.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Golden Minerals's return on equity (ROE)?

Golden Minerals (AUMN) has a return on equity of 307.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Golden Minerals's operating cash flow?

Golden Minerals (AUMN) generated -$3.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Golden Minerals's total assets?

Golden Minerals (AUMN) had $2.2M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Golden Minerals have outstanding?

Golden Minerals (AUMN) had 15M shares outstanding as of fiscal year 2025.

What is Golden Minerals's current ratio?

Golden Minerals (AUMN) had a current ratio of 1.42 as of fiscal year 2025, which is considered adequate.

What is Golden Minerals's debt-to-equity ratio?

Golden Minerals (AUMN) had a debt-to-equity ratio of 1.58 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Golden Minerals's return on assets (ROA)?

Golden Minerals (AUMN) had a return on assets of 119.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Golden Minerals's cash runway?

Based on fiscal year 2025 data, Golden Minerals (AUMN) had $1.3M in cash against an annual operating cash burn of $3.7M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Golden Minerals's Piotroski F-Score?

Golden Minerals (AUMN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Golden Minerals's earnings high quality?

Golden Minerals (AUMN) has an earnings quality ratio of -1.39x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.