Americas Gold and Silver Corporation (USAS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F/A for FY2025, filed Apr 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the USAS SEC filings page.
Americas Gold and Silver Corporation (USAS) reported $117.9M in revenue for fiscal year 2025, up 17.7% 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).
Financial Health Signals
Americas Gold and Silver Corporation 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.
Americas Gold and Silver Corporation passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Americas Gold and Silver Corporation reported a net loss of $87.4M while operations used $3.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Americas Gold and Silver Corporation recorded an outflow of $31.9M in free cash flow in Q4 2025, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Americas Gold and Silver Corporation held $129.8M in cash as of Q4 2025; no long-term debt figure is on record for that period.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
Americas Gold and Silver Corporation invested $40.5M in capex in Q4 2025, funding long-term assets and infrastructure. This represents an increase of 667.4% from the same quarter a year earlier.
Not reported for Q4 2025.
Not reported for Q4 2025.
USAS 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.
| Metric | Q4'2540-F/A | Q3'256-K/A | Q4'2440-F/A | Q3'246-K/A | Q4'2340-F | Q4'2240-F | Q4'2140-F | Q4'2040-F |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $30.6M+37.0% | N/A | $22.3M | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | $20.1M-0.6% | N/A | $20.3M | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | $10.5M+407.4% | N/A | $2.1M | N/A | N/A | N/A | N/A |
| Income Tax | N/A | $702K+254.5% | N/A | $198K | N/A | N/A | N/A | N/A |
| Net Income | N/A | -$15.7Mn/m | N/A | -$14.1M | N/A | N/A | N/A | N/A |
| Diluted Shares (Avg) | N/A | 271M | N/A | 105M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, EPS (Basic), EPS (Diluted).
USAS Balance Sheet
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.
| Metric | Q4'2540-F/A | Q3'256-K/A | Q4'2440-F/A | Q3'246-K/A | Q4'2340-F | Q4'2240-F | Q4'2140-F | Q4'2040-F |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $413.0M+114.4% | $234.7M | $192.6M+6.7% | N/A | $180.5M-5.4% | $190.8M-10.6% | $213.4M-25.1% | $284.8M+23.3% |
| Current Assets | $153.7M+277.4% | $65.3M | $40.7M+76.7% | N/A | $23.0M-9.2% | $25.4M+7.8% | $23.5M+17.3% | $20.1M-42.5% |
| Cash & Equivalents | $129.8M+548.9% | $39.1M | $20.0M+870.5% | N/A | $2.1M+4.9% | $2.0M-32.3% | $2.9M-38.4% | $4.7M-76.5% |
| Inventory | $10.7M-0.3% | $10.2M | $10.7M+23.6% | N/A | $8.7M-2.0% | $8.8M-11.7% | $10.0M+24.0% | $8.1M+12.7% |
| Accounts Receivable | $8.9M+24.2% | $10.6M | $7.1M-24.8% | N/A | $9.5M-17.9% | $11.6M+40.7% | $8.2M+60.9% | $5.1M-3.2% |
| Total Liabilities | $191.4M+46.6% | $184.5M | $130.5M+20.5% | N/A | $108.3M+17.4% | $92.2M-15.8% | $109.6M+5.7% | $103.7M+12.7% |
| Current Liabilities | $86.2M+25.6% | $71.8M | $68.6M+12.1% | N/A | $61.2M+45.4% | $42.1M-7.8% | $45.7M+16.9% | $39.0M+12.3% |
| Non-Current Liabilities | $105.2M+69.9% | $112.7M | $61.9M+31.5% | N/A | $47.1M-6.1% | $50.1M-21.6% | $63.9M-1.0% | $64.6M+12.9% |
| Total Equity | $221.6M+256.7% | $50.2M-5.4% | $62.1M+16.3% | $53.1M | $53.4M-34.2% | $81.2M-12.7% | $93.1M-45.1% | $169.7M+34.4% |
| Retained Earnings | -$668.7Mn/m | -$640.5M | -$582.3Mn/m | N/A | -$463.4Mn/m | -$428.8Mn/m | -$387.9Mn/m | -$230.3Mn/m |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill, Long-Term Debt.
USAS Cash Flow 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.
| Metric | Q4'2540-F/A | Q3'256-K/A | Q4'2440-F/A | Q3'246-K/A | Q4'2340-F | Q4'2240-F | Q4'2140-F | Q4'2040-F |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.6Mn/m | N/A | -$5.5M | N/A | N/A | N/A | N/A | N/A |
| Depreciation & Amortization | $5.5M+0.9% | N/A | $5.5M | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | $40.5M+667.4% | N/A | $5.3M | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$31.9Mn/m | N/A | -$10.7M | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$40.5Mn/m | N/A | -$5.3M | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $121.4M+518.4% | N/A | $19.6M | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
USAS 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.
| Metric | Q4'2540-F/A | Q3'256-K/A | Q4'2440-F/A | Q3'246-K/A | Q4'2340-F | Q4'2240-F | Q4'2140-F | Q4'2040-F |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 34.2%+24.9pp | N/A | 9.2% | N/A | N/A | N/A | N/A |
| Net Margin | N/A | -51.3%+11.6pp | N/A | -63.0% | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | -31.3%-4.8pp | N/A | -26.5% | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -6.7% | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.78+1.2x | 0.91 | 0.59+0.2x | N/A | 0.38-0.2x | 0.60+0.1x | 0.520.0x | 0.51-0.5x |
| Liabilities-to-Equity | 0.86-1.2x | 3.67 | 2.10+0.1x | N/A | 2.03+0.9x | 1.140.0x | 1.18+0.6x | 0.61-0.1x |
| Asset Turnover | N/A | 0.13 | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Operating Margin, Debt-to-Equity, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Americas Gold and Silver Corporation USAS | FY2025 | $117.9M | -$87.4M | -74.2% | $1.1B | — |
| Ferroglobe PLC GSM | FY2025 | $1.3B | -$170.7M | -12.8% | $723.2M | 38/100 |
| Nexa Resources S.A. NEXA | FY2025 | $3.0B | $132.6M | 4.4% | $1.6B | 41/100 |
| Compass Minerals International, Inc. CMP | FY2025 | $1.2B | -$79.8M | -6.4% | $962.6M | 31/100 |
| Lithium Americas Corp. LAC | FY2025 | N/A | -$86.3M | N/A | $784.2M | — |
| Critical Metals Corp. CRML | FY2026 | N/A | -$228.2M | N/A | $1.2B | — |
Where Americas Gold and Silver Corporation Ranks
Frequently Asked Questions
What is Americas Gold and Silver Corporation's annual revenue?
Americas Gold and Silver Corporation (USAS) reported $117.9M in total revenue for fiscal year 2025. This represents a 17.7% 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 Americas Gold and Silver Corporation's revenue growing?
Americas Gold and Silver Corporation (USAS) revenue grew by 17.7% year-over-year, from $100.2M to $117.9M in fiscal year 2025.
Is Americas Gold and Silver Corporation profitable?
No, Americas Gold and Silver Corporation (USAS) reported a net loss of $87.4M in fiscal year 2025, with a net profit margin of -74.2%.
What is Americas Gold and Silver Corporation's gross margin?
Americas Gold and Silver Corporation (USAS) had a gross margin of 28.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Americas Gold and Silver Corporation's net profit margin?
Americas Gold and Silver Corporation (USAS) had a net profit margin of -74.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Americas Gold and Silver Corporation's return on equity (ROE)?
Americas Gold and Silver Corporation (USAS) has a return on equity of -39.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Americas Gold and Silver Corporation's free cash flow?
Americas Gold and Silver Corporation (USAS) recorded an outflow of $73.2M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 Americas Gold and Silver Corporation's operating cash flow?
Americas Gold and Silver Corporation (USAS) recorded an outflow of $3.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Americas Gold and Silver Corporation's total assets?
Americas Gold and Silver Corporation (USAS) had $413.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Americas Gold and Silver Corporation's capital expenditures?
Americas Gold and Silver Corporation (USAS) invested $69.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Americas Gold and Silver Corporation's current ratio?
Americas Gold and Silver Corporation (USAS) had a current ratio of 1.78 as of fiscal year 2025, which is generally considered healthy.
What is Americas Gold and Silver Corporation's liabilities-to-equity ratio?
Americas Gold and Silver Corporation (USAS) had a liabilities-to-equity ratio of 0.86 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Americas Gold and Silver Corporation's return on assets (ROA)?
Americas Gold and Silver Corporation (USAS) had a return on assets of -21.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Americas Gold and Silver Corporation's P/E ratio?
Americas Gold and Silver Corporation (USAS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $1.1B as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Americas Gold and Silver Corporation's price-to-sales ratio?
Americas Gold and Silver Corporation (USAS) trades at 9.1x sales, its market capitalization divided by $117.9M revenue, FY2025. The market capitalization is $1.1B as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Americas Gold and Silver Corporation's Piotroski F-Score?
Americas Gold and Silver Corporation (USAS) 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 Americas Gold and Silver Corporation's earnings high quality?
Americas Gold and Silver Corporation (USAS) reported a net loss of $87.4M while operations used $3.9M 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.