Hycroft Mining Holding Corp Financials
Financial Health Signals
Hycroft Mining Holding Corp passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Hycroft Mining Holding Corp generates $0.59 in operating cash flow (-$35.9M OCF vs -$60.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Hycroft Mining Holding Corp earns $-2.2 in operating income for every $1 of interest expense (-$43.8M vs $20.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Hycroft Mining Holding Corp (HYMC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Key Financial Metrics
Hycroft Mining Holding Corp's EBITDA was -$41.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.4% from the prior year.
Hycroft Mining Holding Corp generated -$37.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 12.6% from the prior year.
Hycroft Mining Holding Corp reported -$60.9M in net income in fiscal year 2024. This represents a decrease of 10.7% from the prior year.
Hycroft Mining Holding Corp earned $-2.63 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 0.8% from the prior year.
Hycroft Mining Holding Corp held $49.6M in cash against $124.9M in long-term debt as of fiscal year 2024.
Hycroft Mining Holding Corp had 25M shares outstanding in fiscal year 2024. This represents an increase of 20.0% from the prior year.
Hycroft Mining Holding Corp invested $19.5M in research and development in fiscal year 2024. This represents a decrease of 5.4% from the prior year.
Hycroft Mining Holding Corp invested $1.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 17.1% from the prior year.
HYMC Income Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $0 | $0 | $0 | $0-100.0% | $11.5M+31.0% | $8.8M |
| Cost of Revenue | N/A | N/A | $0 | $0 | $0 | $0-100.0% | $18.6M+65.2% | $11.2M |
| Gross Profit | N/A | N/A | $0 | $0 | $0 | $0+100.0% | -$7.1M-186.0% | -$2.5M |
| R&D Expenses | $4.0M-14.1% | $4.7M0.0% | $4.7M-35.2% | $7.2M+36.0% | $5.3M+52.1% | $3.5M-65.7% | $10.2M+44.8% | $7.0M |
| SG&A Expenses | $2.6M-41.8% | $4.4M+53.9% | $2.9M+3.5% | $2.8M-25.4% | $3.7M+11.0% | $3.3M+10.7% | $3.0M-0.6% | $3.0M |
| Operating Income | -$7.3M+38.1% | -$11.7M-40.6% | -$8.3M+38.5% | -$13.6M-17.3% | -$11.6M-0.3% | -$11.5M+43.4% | -$20.4M-61.3% | -$12.6M |
| Interest Expense | $3.6M+8.3% | $3.3M-30.6% | $4.7M+1.0% | $4.7M+2.4% | $4.6M+3.4% | $4.4M-0.9% | $4.5M+0.4% | $4.5M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$9.4M+34.1% | -$14.2M-23.6% | -$11.5M+26.7% | -$15.7M-13.1% | -$13.9M+0.1% | -$13.9M+0.2% | -$13.9M+12.1% | -$15.8M |
| EPS (Diluted) | $-0.22 | $-0.59-31.1% | $-0.45 | $-0.78-13.0% | $-0.690.0% | $-0.69 | $-3.18 | $-0.08 |
HYMC Balance Sheet
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $230.6M+64.5% | $140.1M-30.5% | $201.7M-4.8% | $211.8M-4.9% | $222.7M-5.3% | $235.3M-5.5% | $249.0M-8.6% | $272.4M |
| Current Assets | $145.4M+166.4% | $54.6M-51.9% | $113.6M-1.6% | $115.4M-8.5% | $126.2M-9.1% | $138.8M-8.9% | $152.4M-11.7% | $172.5M |
| Cash & Equivalents | $139.1M+180.7% | $49.6M-53.3% | $106.2M-0.7% | $106.9M-8.7% | $117.1M-11.3% | $132.0M-7.0% | $142.0M-7.4% | $153.4M |
| Inventory | $1.3M-2.8% | $1.4M-26.2% | $1.8M-34.8% | $2.8M+0.6% | $2.8M+1.7% | $2.7M-2.2% | $2.8M-76.8% | $12.1M |
| Accounts Receivable | N/A | N/A | $0 | $0 | $0 | $0-100.0% | $2.8M+183.3% | $978K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $183.1M+5.5% | $173.6M-8.2% | $189.0M-0.1% | $189.2M+2.2% | $185.1M+0.2% | $184.7M-0.5% | $185.6M-5.4% | $196.3M |
| Current Liabilities | $7.6M+31.8% | $5.8M-50.7% | $11.7M+38.9% | $8.5M+20.9% | $7.0M-23.9% | $9.2M-23.6% | $12.0M-30.7% | $17.4M |
| Long-Term Debt | $134.2M+7.4% | $124.9M-12.4% | $142.6M+1.8% | $140.0M+1.8% | $137.5M+1.8% | $135.1M+1.8% | $132.7M-6.9% | $142.5M |
| Total Equity | $47.5M+242.1% | -$33.4M-364.0% | $12.7M-43.9% | $22.6M-40.0% | $37.6M-25.6% | $50.5M-20.2% | $63.3M-16.8% | $76.1M |
| Retained Earnings | -$818.9M-4.2% | -$786.1M-8.4% | -$725.2M-1.6% | -$713.7M-2.3% | -$697.9M-2.0% | -$684.1M-2.1% | -$670.2M-2.1% | -$656.2M |
HYMC Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.4M+57.5% | -$8.1M+14.9% | -$9.5M-0.2% | -$9.5M+30.3% | -$13.6M-54.4% | -$8.8M+16.0% | -$10.5M-360.2% | -$2.3M |
| Capital Expenditures | $50K-81.8% | $274K+25.1% | $219K+75.2% | $125K-72.5% | $455K+67.9% | $271K+613.2% | $38K-91.0% | $423K |
| Free Cash Flow | -$3.5M+58.3% | -$8.4M+14.0% | -$9.7M-1.2% | -$9.6M+31.6% | -$14.1M-54.8% | -$9.1M+13.7% | -$10.5M-289.6% | -$2.7M |
| Investing Cash Flow | $579K+208.0% | $188K+187.4% | -$215K-165.0% | $331K+194.0% | -$352K-29.9% | -$271K-104.0% | $6.8M+644.3% | -$1.3M |
| Financing Cash Flow | $71.5M+3678.8% | $1.9M+565.8% | $284K+148.8% | -$582K-0.2% | -$581K+0.2% | -$582K+92.1% | -$7.4M-964.8% | -$696K |
| 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 |
HYMC Financial Ratios
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | -61.8%-33.5pp | -28.3% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | -177.4%-33.3pp | -144.1% |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | -121.5%+59.5pp | -181.0% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -4.1%+5.5pp | -9.6%-3.8pp | -5.7%+1.7pp | -7.4%-1.2pp | -6.2%-0.3pp | -5.9%-0.3pp | -5.6%+0.2pp | -5.8% |
| Current Ratio | 19.04+9.6 | 9.42-0.2 | 9.67-4.0 | 13.65-4.4 | 18.04+2.9 | 15.10+2.4 | 12.66+2.7 | 9.94 |
| Debt-to-Equity | 2.83+6.6 | -3.74-15.0 | 11.27+5.1 | 6.20+2.5 | 3.66+1.0 | 2.67+0.6 | 2.10+0.2 | 1.87 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -91.8%-60.9pp | -30.9% |
Note: Shareholder equity is negative (-$33.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
Is Hycroft Mining Holding Corp profitable?
No, Hycroft Mining Holding Corp (HYMC) reported a net income of -$60.9M in fiscal year 2024.
What is Hycroft Mining Holding Corp's earnings per share (EPS)?
Hycroft Mining Holding Corp (HYMC) reported diluted earnings per share of $-2.63 for fiscal year 2024. This represents a -0.8% change compared to the previous fiscal year. 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.
What is Hycroft Mining Holding Corp's EBITDA?
Hycroft Mining Holding Corp (HYMC) had EBITDA of -$41.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Hycroft Mining Holding Corp have?
As of fiscal year 2024, Hycroft Mining Holding Corp (HYMC) had $49.6M in cash and equivalents against $124.9M in long-term debt.
What is Hycroft Mining Holding Corp's free cash flow?
Hycroft Mining Holding Corp (HYMC) generated -$37.1M in free cash flow during fiscal year 2024. This represents a 12.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Hycroft Mining Holding Corp's operating cash flow?
Hycroft Mining Holding Corp (HYMC) generated -$35.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Hycroft Mining Holding Corp's total assets?
Hycroft Mining Holding Corp (HYMC) had $140.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Hycroft Mining Holding Corp's capital expenditures?
Hycroft Mining Holding Corp (HYMC) invested $1.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Hycroft Mining Holding Corp spend on research and development?
Hycroft Mining Holding Corp (HYMC) invested $19.5M in research and development during fiscal year 2024.
How many shares does Hycroft Mining Holding Corp have outstanding?
Hycroft Mining Holding Corp (HYMC) had 25M shares outstanding as of fiscal year 2024.
What is Hycroft Mining Holding Corp's current ratio?
Hycroft Mining Holding Corp (HYMC) had a current ratio of 9.42 as of fiscal year 2024, which is generally considered healthy.
What is Hycroft Mining Holding Corp's debt-to-equity ratio?
Hycroft Mining Holding Corp (HYMC) had a debt-to-equity ratio of -3.74 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hycroft Mining Holding Corp's return on assets (ROA)?
Hycroft Mining Holding Corp (HYMC) had a return on assets of -43.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Hycroft Mining Holding Corp's cash runway?
Based on fiscal year 2024 data, Hycroft Mining Holding Corp (HYMC) had $49.6M in cash against an annual operating cash burn of $35.9M. This gives an estimated cash runway of approximately 17 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.
Why is Hycroft Mining Holding Corp's debt-to-equity ratio negative or unusual?
Hycroft Mining Holding Corp (HYMC) has negative shareholder equity of -$33.4M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Hycroft Mining Holding Corp's Piotroski F-Score?
Hycroft Mining Holding Corp (HYMC) has a Piotroski F-Score of 1 out of 9, indicating weak 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 Hycroft Mining Holding Corp's earnings high quality?
Hycroft Mining Holding Corp (HYMC) has an earnings quality ratio of 0.59x, 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.
Can Hycroft Mining Holding Corp cover its interest payments?
Hycroft Mining Holding Corp (HYMC) has an interest coverage ratio of -2.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.