Americas Gold & Silver (USAS) Operating Income (2016 - 2025)
Americas Gold & Silver (USAS) posted quarterly Operating Income of -$40.3 million for Q4 2025, down 54.29% year-over-year from -$88.2 million in Q4 2024, and down 311.67% quarter-over-quarter from $19.1 million in Q3 2025.
Americas Gold & Silver (USAS) Operating Income (2016 - 2025) Analysis & Trends
Americas Gold & Silver (USAS) has reported Operating Income for 10 consecutive years, with -$40.3 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Income fell 54.29% year-over-year to -$40.3 million; the TTM figure through Dec 2025 stood at -$9000.0 (up 99.41% YoY), while the FY2025 annual figure was -$1.6 million, down 3.78% from the prior year.
- Operating Income slipped to -$40.3 million in Q4 2025 per USAS's latest filing, from $19.1 million in the prior quarter.
- Across five years, Operating Income topped out at $101.1 million in Q4 2023 and bottomed at -$40.3 million in Q4 2025.
- Historically, Operating Income has averaged $5.3 million across 5 years, with a median of $5.8 million in 2022.
- Annual changes were most pronounced in 2021 — Operating Income sank 1379.74% — and 2023, when it soared 600.32%.
- Americas Gold & Silver's Operating Income stood at -$33.7 million in 2021, then soared by 142.88% to $14.4 million in 2022, then jumped by 600.32% to $101.1 million in 2023, then plunged by 125.85% to -$26.1 million in 2024, then tumbled by 54.29% to -$40.3 million in 2025.
- Business Quant data shows USAS's Operating Income at -$40.3 million in Q4 2025, $19.1 million in Q3 2025, and $11.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 244.38 Bn | 214.92 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 33.89 Bn | 28.68 Bn | 1.21 Bn | 1.18 Bn |
| 4 | MP Materials | 10.49 Bn | 8.01 Bn | 36.20 Mn | -32.03 Mn |
| 5 | Almonty Industries | 5.26 Bn | 4.37 Bn | 18.87 Mn | 18.87 Mn |
| 6 | Materion | 4.80 Bn | 4.78 Bn | 104.34 Mn | 51.71 Mn |
| 7 | Skeena Resources | 4.32 Bn | 3.89 Bn | - | - |
| 8 | USA Rare Earth | 4.28 Bn | 4.28 Bn | -1.58 Mn | -46.31 Mn |
| 9 | Evolution Metals & Technologies | 2.64 Bn | 2.64 Bn | -115,000.00 | -12.19 Mn |
| 10 | Americas Gold & Silver | 1.44 Bn | 1.31 Bn | 16.76 Mn | -50.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -40.34 Mn |
| Sep 30, 2025 | 19.06 Mn |
| Jun 30, 2025 | 10.95 Mn |
| Mar 31, 2025 | 10.32 Mn |
| Dec 31, 2024 | -26.14 Mn |
| Sep 30, 2024 | 5.40 Mn |
| Jun 30, 2024 | 15.28 Mn |
| Mar 31, 2024 | 3.93 Mn |
| Dec 31, 2023 | 101.13 Mn |
| Sep 30, 2023 | 4.00 Mn |
| Jun 30, 2023 | 7.70 Mn |
| Mar 31, 2023 | 8.45 Mn |
| Dec 31, 2022 | 14.44 Mn |
| Sep 30, 2022 | 3.53 Mn |
| Jun 30, 2022 | 6.21 Mn |
| Mar 31, 2022 | 14.88 Mn |
| Dec 31, 2021 | -33.68 Mn |
| Sep 30, 2021 | 3.50 Mn |
| Jun 30, 2021 | -1.75 Mn |
| Mar 31, 2021 | -21.54 Mn |