Americas Gold & Silver (USAS) Cost of Revenue (2016 - 2025)

Americas Gold & Silver (USAS) has reported Cost of Revenue for 10 consecutive years, with $20.1 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Cost of Revenue rose 1.17% year-over-year to $20.1 million; the TTM figure through Dec 2025 stood at $84.9 million (up 2.57% YoY), while the FY2025 annual figure was $84.9 million, up 2.57% from the prior year.
• Cost of Revenue was little changed at $20.1 million in Q4 2025 per USAS's latest filing, from $20.1 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $37.7 million in Q1 2021 and bottomed at $14.3 million in Q4 2021.
• Historically, Cost of Revenue has averaged $20.2 million across 5 years, with a median of $20.0 million in 2024.
• Annual changes were most pronounced in 2021 — Cost of Revenue jumped 283.64% — and 2022, when it slumped 55.95%.
• Americas Gold & Silver's Cost of Revenue stood at $14.3 million in 2021, then soared by 33.31% to $19.1 million in 2022, then rose by 27.65% to $24.4 million in 2023, then retreated by 18.46% to $19.9 million in 2024, then advanced by 1.17% to $20.1 million in 2025.
• Business Quant data shows USAS's Cost of Revenue at $20.1 million in Q4 2025, $20.1 million in Q3 2025, and $23.5 million in Q2 2025.