Hycroft Mining Holding Corp Financials
This page shows Hycroft Mining Holding Corp (HYMC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
External financing reset Hycroft’s balance sheet in FY2025, but the company still operates as a cash-consuming asset base.
In the latest year, financing cash flow of$205.9M pushed cash up to$181.7M . At the same time, long-term debt fell from$124.9M to$0 , while operating cash burn worsened from the prior year; that combination means the balance sheet got healthier because of external capital and debt retirement while the underlying business still used more cash than before.
Free cash flow of
Shares outstanding jumped from 24.9M to 83.0M as the company accumulated cash, showing the balance-sheet repair leaned heavily on new equity capital. Liabilities fell to
Financial Health Signals
Hycroft Mining Holding Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Hycroft Mining Holding Corp passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.
Hycroft Mining Holding Corp reported a net loss of $40.7M while operations used $82.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Hycroft Mining Holding Corp reported an operating loss of $44.5M against $11.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Hycroft Mining Holding Corp's EBITDA was -$42.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.1% from the prior year.
Hycroft Mining Holding Corp reported -$40.7M in net income in fiscal year 2025. This represents an increase of 33.2% from the prior year.
Hycroft Mining Holding Corp earned -$0.94 per diluted share (EPS) in fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Hycroft Mining Holding Corp recorded an outflow of $83.4M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 124.6% from the prior year.
Hycroft Mining Holding Corp held $181.7M in cash against $0 in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Hycroft Mining Holding Corp's ROE was -19.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Hycroft Mining Holding Corp invested $14.9M in research and development in fiscal year 2025. This represents a decrease of 23.9% from the prior year.
Hycroft Mining Holding Corp invested $564K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 55.0% from the prior year.
Not reported for fiscal year 2025.
HYMC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | $0-100.0% | $33.2M-70.0% | $110.7M+135.4% | $47.0M+243.2% | $13.7M | N/A |
| Cost of Revenue | N/A | N/A | N/A | $0-100.0% | $53.6M-67.2% | $163.3M+49.0% | $109.6M+257.4% | $30.7M | N/A |
| Gross Profit | N/A | N/A | N/A | $0+100.0% | -$20.4M+61.3% | -$52.6M+15.9% | -$62.6M-269.0% | -$17.0M | N/A |
| R&D Expenses | N/A | $14.9M-23.9% | $19.5M-5.4% | $20.6M+12.4% | $18.4M+35.1% | $13.6M | N/A | N/A | N/A |
| SG&A Expenses | N/A | $14.5M0.0% | $14.5M+14.2% | $12.7M-11.8% | $14.4M-1.7% | $14.6M-30.7% | $21.1M+247.2% | $6.1M+896.1% | $610K |
| Operating Income | N/A | -$44.5M-1.5% | -$43.8M+2.6% | -$45.0M+15.8% | -$53.5M+36.3% | -$83.9M+6.1% | -$89.4M-163.3% | -$33.9M-5467.9% | -$610K |
| Interest Expense | N/A | $11.0M-44.8% | $20.0M+8.1% | $18.5M-0.1% | $18.5M-10.3% | $20.6M-52.6% | $43.5M-33.0% | $64.8M | N/A |
| Income Tax | N/A | $0 | $0 | $0 | $0+100.0% | -$1.5M | $0 | $0-100.0% | $555K |
| Net Income | N/A | -$40.7M+33.2% | -$60.9M-10.7% | -$55.0M+9.5% | -$60.8M+31.3% | -$88.6M+35.1% | -$136.4M-37.9% | -$98.9M-5986.7% | $1.7M |
| EPS (Diluted) | — | -$0.94 | -$2.63-0.8% | -$2.61+27.1% | -$3.58 | -$1.47 | -$3.92 | -$327.95 | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HYMC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $263.0M+87.7% | $140.1M-30.5% | $201.7M-19.0% | $249.0M+74.9% | $142.3M-38.8% | $232.6M+72.8% | $134.6M-36.9% | $213.5M |
| Current Assets | $187.5M+243.4% | $54.6M-51.9% | $113.6M-25.5% | $152.4M+307.6% | $37.4M-66.6% | $112.0M+189.0% | $38.8M+6487.4% | $588K |
| Cash & Equivalents | $181.7M+266.7% | $49.6M-53.3% | $106.2M-25.2% | $142.0M+1050.4% | $12.3M-87.1% | $96.0M+96.1% | $49.0M-7.4% | $52.9M |
| Inventory | $1.4M+4.6% | $1.4M-26.2% | $1.8M-34.7% | $2.8M-74.6% | $11.1M-14.0% | $12.9M+189.0% | $4.5M | N/A |
| Accounts Receivable | N/A | N/A | $0-100.0% | $2.8M | $0-100.0% | $426K+339.2% | $97K | N/A |
| Total Liabilities | $49.3M-71.6% | $173.6M-8.2% | $189.0M+1.8% | $185.6M-11.9% | $210.8M-2.4% | $216.0M-62.4% | $573.9M+3.6% | $553.9M |
| Current Liabilities | $7.7M+33.5% | $5.8M-50.7% | $11.7M-2.4% | $12.0M-61.5% | $31.3M+44.2% | $21.7M-96.2% | $569.5M+75146.5% | $757K |
| Long-Term Debt | $0-100.0% | $124.9M-12.4% | $142.6M+7.5% | $132.7M-7.6% | $143.6M+0.7% | $142.7M | $0 | N/A |
| Total Equity | $213.7M+739.5% | -$33.4M-364.0% | $12.7M-80.0% | $63.3M+192.4% | -$68.5M-512.2% | $16.6M+103.8% | -$439.3M-29.1% | -$340.4M |
| Retained Earnings | -$826.7M-5.2% | -$786.1M-8.4% | -$725.2M-8.2% | -$670.2M-10.0% | -$609.3M-17.0% | -$520.8M-17.2% | -$444.4M-26599.1% | $1.7M |
Not reported in any period shown, so not listed: Goodwill.
HYMC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$108.2M | -$82.9M-130.9% | -$35.9M+13.4% | -$41.4M-18.9% | -$34.9M+5.9% | -$37.0M+66.5% | -$110.5M-84.9% | -$59.8M-13102.8% | -$453K |
| Capital Expenditures | $1.0M | $564K-55.0% | $1.3M+17.1% | $1.1M+12.5% | $951K-86.4% | $7.0M-79.1% | $33.4M+172.0% | $12.3M | N/A |
| Free Cash Flow | -$109.2M | -$83.4M-124.6% | -$37.1M+12.6% | -$42.5M-18.7% | -$35.8M+18.7% | -$44.0M+69.4% | -$143.9M-99.7% | -$72.1M | N/A |
| Investing Cash Flow | $4.3M | $4.1M-34.8% | $6.3M+1347.9% | -$507K-106.1% | $8.3M+221.3% | -$6.9M+77.9% | -$31.1M-153.1% | -$12.3M+94.1% | -$210.1M |
| Financing Cash Flow | $240.2M | $205.9M+894.4% | -$25.9M-1674.3% | -$1.5M-100.9% | $155.8M+2936.7% | -$5.5M-102.9% | $188.7M+176.8% | $68.2M-67.7% | $211.0M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HYMC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | -61.3%-13.8pp | -47.5% | -133.0% | -123.7% | N/A |
| Operating Margin | N/A | N/A | N/A | -161.0% | -75.8% | -190.0% | -247.6% | N/A |
| Net Margin | N/A | N/A | N/A | -183.1% | -80.0% | -289.9% | -721.4% | N/A |
| Return on Equity | -19.0% | N/A | -434.8%-338.7pp | -96.1% | N/A | -820.8% | N/A | N/A |
| Return on Assets | -15.5%+28.0pp | -43.5%-16.2pp | -27.3%-2.8pp | -24.4%+37.8pp | -62.2%-3.6pp | -58.6%+14.8pp | -73.5%-74.2pp | 0.8% |
| Current Ratio | 24.24+14.8x | 9.42-0.2x | 9.67-3.0x | 12.66+11.5x | 1.20-4.0x | 5.17+5.1x | 0.07-0.7x | 0.78 |
| Debt-to-Equity | 0.00 | N/A | 11.27+9.2x | 2.10 | N/A | 8.59 | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | -107.8% | -39.8% | -306.0% | -525.7% | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
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Where Hycroft Mining Holding Corp Ranks
Frequently Asked Questions
Is Hycroft Mining Holding Corp profitable?
No, Hycroft Mining Holding Corp (HYMC) reported a net income of -$40.7M in fiscal year 2025.
What is Hycroft Mining Holding Corp's EBITDA?
Hycroft Mining Holding Corp (HYMC) had EBITDA of -$42.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Hycroft Mining Holding Corp have?
As of fiscal year 2025, Hycroft Mining Holding Corp (HYMC) had $181.7M in cash and equivalents against $0 in long-term debt.
What is Hycroft Mining Holding Corp's return on equity (ROE)?
Hycroft Mining Holding Corp (HYMC) has a return on equity of -19.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hycroft Mining Holding Corp's free cash flow?
Hycroft Mining Holding Corp (HYMC) recorded an outflow of $83.4M in free cash flow during fiscal year 2025. This represents a -124.6% 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) recorded an outflow of $82.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Hycroft Mining Holding Corp's total assets?
Hycroft Mining Holding Corp (HYMC) had $263.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hycroft Mining Holding Corp's capital expenditures?
Hycroft Mining Holding Corp (HYMC) invested $564K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Hycroft Mining Holding Corp spend on research and development?
Hycroft Mining Holding Corp (HYMC) invested $14.9M in research and development during fiscal year 2025.
What is Hycroft Mining Holding Corp's current ratio?
Hycroft Mining Holding Corp (HYMC) had a current ratio of 24.24 as of fiscal year 2025, 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 0.00 as of fiscal year 2025, 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 -15.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hycroft Mining Holding Corp's cash runway?
Based on fiscal year 2025 data, Hycroft Mining Holding Corp (HYMC) had $181.7M in cash against an annual operating cash burn of $82.9M. This gives an estimated cash runway of approximately 26 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 Hycroft Mining Holding Corp's Piotroski F-Score?
Hycroft Mining Holding Corp (HYMC) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $40.7M while operations used $82.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $44.5M against $11.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.