PAN AMER SLVR CVR 2/22/29 (PAASF) Financials

PAASF

FY2025 annual

Revenue $3.6B +28.4% YoY

Net Income $980.0M +767.3% YoY

Free Cash Flow $1.0B +154.1% YoY

Operating Cash Flow $1.3B +84.1% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Feb 18, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Feb 18, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PAASF SEC filings page.

PAN AMER SLVR CVR 2/22/29 (PAASF) reported $3.6B in revenue for fiscal year 2025, up 28.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).

Rhea AI PAASF FY2025 2026-09-05

The dominant mechanic is cash-generative expansion: earnings and operating cash accelerated faster than reinvestment and liabilities.

FY2025's $980M net income converted into $1.333B of operating cash flow, making profit-to-cash conversion a central mechanic rather than an accounting-only rebound. Free cash flow reached $1.019B versus $401M in FY2024, showing the cash surplus expanded with earnings rather than merely returning to breakeven.

Net margin widened from 4.0% in FY2024 to 27.1% in FY2025 while revenue also expanded materially. The available figures establish a sharp earnings inflection, but do not identify whether mix, pricing, or cost structure caused it; that limits the conclusion to a change in earnings shape.

Assets expanded to $9.742B in FY2025 from $7.203B in FY2023. Liabilities reached $2.741B from $2.486B, indicating the balance sheet absorbed growth primarily through equity rather than comparable liability growth; a 2.7x current ratio also indicates no corresponding short-term compression.

Financial Health Signals

Financial health score not available

PAN AMER SLVR CVR 2/22/29 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.

Piotroski F-Score Partial

5/8

PAN AMER SLVR CVR 2/22/29 passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.36x

For every $1 of reported earnings, PAN AMER SLVR CVR 2/22/29 generates $1.36 in operating cash flow ($1.3B OCF vs $980.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$1.2B

YoY+40.8%

QoQ+40.8%

PAN AMER SLVR CVR 2/22/29 held $1.2B in cash against $85.0M in long-term debt as of Q4 2025.

Shares Outstanding

422M

YoY+16.2%

QoQ+16.2%

PAN AMER SLVR CVR 2/22/29 had 422M shares outstanding in Q4 2025. This represents an increase of 16.2% from the same quarter a year earlier. Against the prior quarter it is up 16.2%.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

PAASF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PAASF quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Revenue	$3.6B+28.4%	$2.8B+21.7%	$2.3B+55.0%	$1.5B-8.5%	$1.6B+22.0%	$1.3B-0.9%	$1.4B+72.2%	$784.5M-4.0%	$816.8M+5.4%	$774.8M
Interest Expense	$55.0M+14.6%	$48.0M-6.6%	$51.4M+869.8%	$5.3M+44.8%	$3.7M-60.3%	$9.2M-45.4%	$16.9M+636.1%	$2.3M-4.1%	$2.4M-22.2%	$3.1M
Income Tax	$258.0M-19.1%	$319.0M+592.0%	$46.1M+17.9%	$39.1M-73.3%	$146.4M+93.8%	$75.6M+6.0%	$71.3M+237.0%	$21.1M-64.2%	$59.0M-20.7%	$74.4M
Net Income	$980.0M+767.3%	$113.0M+207.7%	-$104.9M+69.2%	-$340.1M-445.1%	$98.6M-44.1%	$176.5M+58.6%	$111.2M+823.9%	$12.0M-90.2%	$123.5M+21.2%	$101.8M
Diluted Shares (Avg)	382M+5.0%	363M+11.3%	327M+55.1%	211M0.0%	210M+0.1%	210M+4.3%	202M+31.3%	154M+0.1%	153M+0.6%	153M

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

PAASF Balance Sheet

PAASF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Total Assets	$9.7B+35.2%	$7.2B-0.1%	$7.2B+122.0%	$3.2B-7.7%	$3.5B+2.5%	$3.4B-0.8%	$3.5B+78.7%	$1.9B-2.8%	$2.0B+5.0%	$1.9B
Current Assets	$2.2B+27.7%	$1.7B+23.7%	$1.4B+72.8%	$804.4M-19.7%	$1.0B+16.8%	$856.9M+8.6%	$788.9M+43.9%	$548.4M-7.9%	$595.5M-2.8%	$612.9M
Cash & Equivalents	$1.2B+40.8%	$863.0M+115.8%	$400.0M+273.8%	$107.0M-62.3%	$283.6M+69.7%	$167.1M+38.6%	$120.6M-13.0%	$138.5M-21.3%	$176.0M-2.7%	$180.9M
Inventory	$588.0M-3.0%	$606.0M-14.8%	$711.6M+50.9%	$471.6M-5.8%	$500.5M+23.2%	$406.2M+17.2%	$346.5M+61.6%	$214.5M-1.9%	$218.7M-7.8%	$237.3M
Accounts Receivable	$232.0M+40.6%	$165.0M+19.6%	$138.0M+1.0%	$136.6M+6.6%	$128.2M+0.3%	$127.8M-24.3%	$168.8M+75.6%	$96.1M-12.4%	$109.7M-15.7%	$130.1M
Goodwill	N/A	N/A	N/A	$5.9M+14.8%	$5.1M+23.4%	$4.2M-16.4%	$5.0M-4.5%	$5.2M+70.8%	$3.1M0.0%	$3.1M
Total Liabilities	$2.7B+10.3%	$2.5B+1.9%	$2.4B+133.1%	$1.0B+18.6%	$882.6M+6.6%	$828.0M-16.7%	$993.8M+134.3%	$424.1M-10.2%	$472.3M-5.4%	$499.1M
Current Liabilities	$817.0M+18.9%	$687.0M+10.1%	$624.2M+63.9%	$380.8M-1.8%	$387.7M+7.2%	$361.8M+33.2%	$271.7M+80.5%	$150.5M-18.5%	$184.7M+0.2%	$184.3M
Non-Current Liabilities	$1.9B+6.9%	$1.8B-1.0%	$1.8B+172.7%	$666.1M+34.6%	$494.9M+6.1%	$466.3M-35.4%	$722.2M+164.0%	$273.6M-4.9%	$287.6M-8.7%	$314.9M
Long-Term Debt	$85.0M+57.4%	$54.0M+3.4%	$52.2M+167.7%	$19.5M-2.0%	$19.9M-4.0%	$20.7M-23.2%	$27.0M+1946.2%	$1.3M	$0-100.0%	$36.2M
Total Equity	$7.0B+48.4%	$4.7B-1.2%	$4.8B+116.8%	$2.2B-16.5%	$2.6B+1.2%	$2.6B+5.6%	$2.5B+63.1%	$1.5B-0.5%	$1.5B+8.7%	$1.4B
Retained Earnings	-$513.0M+60.5%	-$1.3B-2.3%	-$1.3B-22.7%	-$1.0B-73.0%	-$598.0M+4.0%	-$623.0M+17.4%	-$754.7M+9.7%	-$836.1M-1.3%	-$825.5M+11.3%	-$931.1M

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Total Assets	$9.7B+35.2%	$7.2B-0.1%	$7.2B+122.0%	$3.2B-7.7%	$3.5B+2.5%	$3.4B-0.8%	$3.5B+78.7%	$1.9B-2.8%
Current Assets	$2.2B+27.7%	$1.7B+23.7%	$1.4B+72.8%	$804.4M-19.7%	$1.0B+16.8%	$856.9M+8.6%	$788.9M+43.9%	$548.4M-7.9%
Cash & Equivalents	$1.2B+40.8%	$863.0M+115.8%	$400.0M+273.8%	$107.0M-62.3%	$283.6M+69.7%	$167.1M+38.6%	$120.6M-13.0%	$138.5M-21.3%
Inventory	$588.0M-3.0%	$606.0M-14.8%	$711.6M+50.9%	$471.6M-5.8%	$500.5M+23.2%	$406.2M+17.2%	$346.5M+61.6%	$214.5M-1.9%
Accounts Receivable	$232.0M+40.6%	$165.0M+19.6%	$138.0M+1.0%	$136.6M+6.6%	$128.2M+0.3%	$127.8M-24.3%	$168.8M+75.6%	$96.1M-12.4%
Goodwill	N/A	N/A	N/A	$5.9M+14.8%	$5.1M+23.4%	$4.2M-16.4%	$5.0M-4.5%	$5.2M+70.8%
Total Liabilities	$2.7B+10.3%	$2.5B+1.9%	$2.4B+133.1%	$1.0B+18.6%	$882.6M+6.6%	$828.0M-16.7%	$993.8M+134.3%	$424.1M-10.2%
Current Liabilities	$817.0M+18.9%	$687.0M+10.1%	$624.2M+63.9%	$380.8M-1.8%	$387.7M+7.2%	$361.8M+33.2%	$271.7M+80.5%	$150.5M-18.5%
Non-Current Liabilities	$1.9B+6.9%	$1.8B-1.0%	$1.8B+172.7%	$666.1M+34.6%	$494.9M+6.1%	$466.3M-35.4%	$722.2M+164.0%	$273.6M-4.9%
Long-Term Debt	$85.0M+57.4%	$54.0M+3.4%	$52.2M+167.7%	$19.5M-2.0%	$19.9M-4.0%	$20.7M-23.2%	$27.0M+1946.2%	$1.3M
Total Equity	$7.0B+48.4%	$4.7B-1.2%	$4.8B+116.8%	$2.2B-16.5%	$2.6B+1.2%	$2.6B+5.6%	$2.5B+63.1%	$1.5B-0.5%
Retained Earnings	-$513.0M+60.5%	-$1.3B-2.3%	-$1.3B-22.7%	-$1.0B-73.0%	-$598.0M+4.0%	-$623.0M+17.4%	-$754.7M+9.7%	-$836.1M-1.3%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

PAASF Cash Flow Statement

PAASF quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Operating Cash Flow	$1.3B+84.1%	$724.0M+60.8%	$450.2M+1315.7%	$31.8M-91.9%	$392.1M-15.2%	$462.3M+63.9%	$282.0M+82.0%	$155.0M-31.0%	$224.6M+4.5%	$214.8M
Depreciation & Amortization	$497.0M-13.0%	$571.0M+17.9%	$484.2M+53.2%	$316.0M+4.3%	$303.0M+11.2%	$272.4M+7.5%	$253.5M+72.1%	$147.3M+19.9%	$122.9M+6.0%	$116.0M
Capital Expenditures	$314.0M-2.8%	$323.0M-14.8%	$379.0M+38.0%	$274.7M+12.8%	$243.5M+36.4%	$178.6M-13.2%	$205.8M+42.6%	$144.3M+1.5%	$142.2M-29.8%	$202.7M
Free Cash Flow	$1.0B+154.1%	$401.0M+463.2%	$71.2M+129.3%	-$242.9M-263.4%	$148.6M-47.6%	$283.8M+272.3%	$76.2M+617.0%	$10.6M-87.1%	$82.3M+578.0%	$12.1M
Investing Cash Flow	-$706.0M-2039.4%	-$33.0M-108.3%	$397.9M+255.8%	-$255.4M-36.8%	-$186.7M-122.4%	-$83.9M+79.1%	-$402.2M-152.7%	-$159.2M+10.5%	-$177.8M-27.1%	-$139.9M
Financing Cash Flow	-$278.0M-23.6%	-$225.0M+59.2%	-$551.8M-1141.1%	$53.0M+161.7%	-$85.9M+73.9%	-$329.6M-419.2%	$103.3M+411.6%	-$33.1M+35.7%	-$51.5M-82.5%	-$28.2M
Dividends Paid	$175.0M+20.7%	$145.0M+11.2%	$130.4M+37.7%	$94.7M+32.4%	$71.5M+54.7%	$46.2M+57.6%	$29.3M+37.8%	$21.3M+39.0%	$15.3M+101.3%	$7.6M
Share Buybacks	$46.0M+91.7%	$24.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

PAASF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PAASF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Net Margin	27.1%+23.1pp	4.0%+8.5pp	-4.5%+18.2pp	-22.8%-28.8pp	6.0%-7.1pp	13.2%+4.9pp	8.2%+6.7pp	1.5%-13.6pp	15.1%+2.0pp	13.1%
Return on Equity	14.0%+11.6pp	2.4%+4.6pp	-2.2%+13.3pp	-15.4%-19.2pp	3.7%-3.0pp	6.8%+2.3pp	4.5%+3.7pp	0.8%-7.3pp	8.1%+0.8pp	7.3%
Return on Assets	10.1%+8.5pp	1.6%+3.0pp	-1.5%+9.0pp	-10.5%-13.3pp	2.8%-2.3pp	5.1%+1.9pp	3.2%+2.6pp	0.6%-5.6pp	6.2%+0.8pp	5.4%
Current Ratio	2.69+0.2x	2.50+0.3x	2.23+0.1x	2.11-0.5x	2.58+0.2x	2.37-0.5x	2.90-0.7x	3.64+0.4x	3.22-0.1x	3.33
Debt-to-Equity	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.000.0x	0.000.0x	0.03
Asset Turnover	0.370.0x	0.39+0.1x	0.32-0.1x	0.460.0x	0.46+0.1x	0.390.0x	0.390.0x	0.400.0x	0.410.0x	0.41
FCF Margin	28.2%+13.9pp	14.2%+11.1pp	3.1%+19.3pp	-16.3%-25.4pp	9.1%-12.1pp	21.2%+15.6pp	5.6%+4.3pp	1.4%-8.7pp	10.1%+8.5pp	1.6%

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Current Ratio	2.69+0.2x	2.50+0.3x	2.23+0.1x	2.11-0.5x	2.58+0.2x	2.37-0.5x	2.90-0.7x	3.64+0.4x
Debt-to-Equity	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.000.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Where PAN AMER SLVR CVR 2/22/29 Ranks

Frequently Asked Questions

What is PAN AMER SLVR CVR 2/22/29's annual revenue?

PAN AMER SLVR CVR 2/22/29 (PAASF) reported $3.6B in total revenue for fiscal year 2025. This represents a 28.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is PAN AMER SLVR CVR 2/22/29's revenue growing?

PAN AMER SLVR CVR 2/22/29 (PAASF) revenue grew by 28.4% year-over-year, from $2.8B to $3.6B in fiscal year 2025.

Is PAN AMER SLVR CVR 2/22/29 profitable?

Yes, PAN AMER SLVR CVR 2/22/29 (PAASF) reported a net income of $980.0M in fiscal year 2025, with a net profit margin of 27.1%.

How much debt does PAN AMER SLVR CVR 2/22/29 have?

As of fiscal year 2025, PAN AMER SLVR CVR 2/22/29 (PAASF) had $1.2B in cash and equivalents against $85.0M in long-term debt.

What is PAN AMER SLVR CVR 2/22/29's net profit margin?

PAN AMER SLVR CVR 2/22/29 (PAASF) had a net profit margin of 27.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is PAN AMER SLVR CVR 2/22/29's return on equity (ROE)?

PAN AMER SLVR CVR 2/22/29 (PAASF) has a return on equity of 14.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is PAN AMER SLVR CVR 2/22/29's free cash flow?

PAN AMER SLVR CVR 2/22/29 (PAASF) generated $1.0B in free cash flow during fiscal year 2025. This represents a 154.1% 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 PAN AMER SLVR CVR 2/22/29's operating cash flow?

PAN AMER SLVR CVR 2/22/29 (PAASF) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are PAN AMER SLVR CVR 2/22/29's total assets?

PAN AMER SLVR CVR 2/22/29 (PAASF) had $9.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are PAN AMER SLVR CVR 2/22/29's capital expenditures?

PAN AMER SLVR CVR 2/22/29 (PAASF) invested $314.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does PAN AMER SLVR CVR 2/22/29 buy back shares?

Yes, PAN AMER SLVR CVR 2/22/29 (PAASF) spent $46.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does PAN AMER SLVR CVR 2/22/29 have outstanding?

PAN AMER SLVR CVR 2/22/29 (PAASF) had 422M shares outstanding as of fiscal year 2025.

What is PAN AMER SLVR CVR 2/22/29's current ratio?

PAN AMER SLVR CVR 2/22/29 (PAASF) had a current ratio of 2.69 as of fiscal year 2025, which is generally considered healthy.

What is PAN AMER SLVR CVR 2/22/29's debt-to-equity ratio?

PAN AMER SLVR CVR 2/22/29 (PAASF) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is PAN AMER SLVR CVR 2/22/29's return on assets (ROA)?

PAN AMER SLVR CVR 2/22/29 (PAASF) had a return on assets of 10.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is PAN AMER SLVR CVR 2/22/29's Piotroski F-Score?

PAN AMER SLVR CVR 2/22/29 (PAASF) has a Piotroski F-Score of 5 out of 8 computable signals; 1 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 PAN AMER SLVR CVR 2/22/29's earnings high quality?

PAN AMER SLVR CVR 2/22/29 (PAASF) has an earnings quality ratio of 1.36x, considered cash-backed (high quality). 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.