Saturday 17 October 2026 Export USAS’s income statement to Excel — free account

Americas Gold and Silver Corporation

USAS Basic Materials Other Industrial Metals & Mining

Americas Gold and Silver Corporation’s revenue for fiscal 2025 (year ended December 2025) was $117.9 million, up 17.7% from fiscal 2024. In the quarter to June 2026, revenue grew 72.1%, EPS grew 69.8%, free cash flow fell 209.6% and total debt fell 8.98%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

3.78 0.08 −2.07%

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Market cap: $1.3B
P/E: 0.0×
Fwd P/E: —
Dividend yield: —
F-score: 3/9
Altman Z: 2.29
Beneish M: −3.53
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 16.33%

Capital & Financial Ratios $m

Market Cap 1,310.00

Revenue 181.59

Net Income (47.71)

Free Cash Flow (70.02)

Net Debt (36.80)

Current Ratio 1.62

Debt/Equity 0.18

P/E ratio 0.00

Fwd P/E —

P/S ratio 6.86

P/B ratio 4.21

Past 5Y EPS Growth —

This Y EPS Growth 130.46%

Next Y EPS Growth 209.16%

Next Y revenue growth —

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 78.87%

10-year low 10-year high

P/B against its own 10 years 85.53%

10-year low 10-year high

EV/Sales against its own 10 years 77.98%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2	20	132	89
Receivables	9	7	9	18
Inventory	9	11	11	17
Other	—	—	—	—
	23	41	154	127

	2023	2024	2025	Q'26
Payables	23	37	39	64
ST’ Debt	15	13	10	8
Other	16	16	35	4
	61	69	86	79

Compound Annual Growth %

	10y	5y	3y
Sales	8.24%	33.43%	11.53%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	13.08%	4.11%	31.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	68	46	—	—	—
’25	24	27	31	37	118
’24	21	33	22	24	100
’23	22	24	18	31	95
’22	26	20	18	20	85
’21	10	10	11	14	45
’20	7	5	7	9	28

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	22	25	—	—	—
’25	(7)	5	(11)	9	(4)
’24	0	2	0	(5)	(3)
’23	2	(6)	1	3	(1)
’22	(2)	7	(7)	0	(1)
’21	(16)	(16)	(9)	(10)	(51)
’20	1	(9)	(9)	(3)	(19)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	(16)	—	—	—
’25	(14)	(5)	(22)	(32)	(72)
’24	(5)	(2)	(4)	(11)	(22)
’23	(4)	(11)	(4)	(1)	(19)
’22	(5)	2	(12)	(6)	(21)
’21	(19)	(18)	(13)	(13)	(64)
’20	(3)	(11)	(12)	(5)	(30)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.03	(0.02)	—	—	—
’25	(0.07)	(0.05)	(0.06)	(0.14)	(0.33)
’24	(0.17)	(0.05)	(0.12)	(0.09)	(0.42)
’23	(0.12)	(0.07)	(0.10)	(0.10)	(0.40)
’22	(0.02)	(0.10)	(0.30)	(0.15)	(0.57)
’21	(1.80)	(0.32)	(0.32)	(0.45)	(2.77)
’20	(0.07)	(0.22)	(0.12)	(0.17)	(0.60)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	1.20	6.20	3.10	3.65	2.50	1.70	0.93	0.53	0.50	0.95	Analyst estimates 2026–2028 Powerpack
	High	11.10	12.60	11.63	9.80	9.75	8.65	3.28	1.78	1.35	6.24
People
People	Employees	553	586	586	629	647	578	605	622	651	659
	Revenue/emp, $m	0.11	0.09	0.12	0.09	0.04	0.08	0.14	0.15	0.15	0.18
Income, $m
Income, $m	Revenue	59	54	68	58	28	45	85	95	100	118
	Gross margin, %	21.61	26.24	23.76	2.89	(12.04)	(88.22)	15.20	15.24	17.42	28.04
	EBT	(5)	(4)	(10)	(32)	(31)	(162)	(41)	(40)	(48)	(83)
	EBT margin, %	(8.49)	(7.17)	(14.64)	(55.27)	(111.42)	(360.01)	(48.78)	(42.28)	(48.23)	(70.23)
	Net income	(5)	(3)	(11)	(34)	(30)	(161)	(45)	(38)	(49)	(87)
	Depreciation	7	7	11	13	8	16	21	21	24	21
Per share, $
Per share, $	Revenue	4.26	3.38	4.01	2.04	0.67	0.79	1.15	1.12	0.95	0.44
	Earnings	(0.37)	(0.22)	(0.62)	(1.15)	(0.60)	(2.77)	(0.57)	(0.40)	(0.42)	(0.33)
	Cash flow	0.39	0.10	0.51	0.50	(0.46)	(0.90)	(0.02)	(0.01)	(0.03)	(0.01)
	Capex	(0.34)	(0.45)	(0.87)	(0.40)	(0.28)	(0.22)	(0.27)	(0.21)	(0.18)	(0.26)
	Free cash flow	0.05	(0.35)	(0.37)	0.09	(0.73)	(1.12)	(0.28)	(0.22)	(0.21)	(0.27)
	Book value	6.31	5.48	4.94	4.87	4.36	1.83	1.34	0.85	0.59	0.83
	Shares, m	14	16	17	29	42	57	74	85	106	267
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.80	3.02	1.03	3.88	12.05	2.56	1.33	0.56	1.00	11.58
	P/B	0.54	1.86	0.84	1.63	1.85	1.11	1.14	0.74	1.62	6.16
	EV/Sales	0.62	3.10	1.11	3.79	12.78	2.79	1.42	0.86	1.01	10.94
	EV/FCF	(14.00)	(30.05)	(12.16)	85.55	(11.68)	(1.97)	(5.81)	(4.28)	(4.61)	(17.87)
Cash, $m
Cash, $m	Operating cash flow	5	2	9	14	(19)	(51)	(1)	(1)	(3)	(4)
	Capex	(5)	(7)	(15)	(12)	(12)	(13)	(20)	(18)	(19)	(68)
	Free cash flow	1	(6)	(6)	3	(30)	(64)	(21)	(19)	(22)	(72)
Balance, $m
Balance, $m	Working capital	20	12	6	0	(19)	(22)	(17)	(38)	(28)	68
	Total debt	8	15	8	16	25	13	10	15	20	56
	Net debt	(17)	6	5	(5)	20	10	8	13	0	(76)
	Shareholders’ equity	87	88	84	139	181	104	99	72	62	222
Returns, %
Returns, %	ROA	(4.86)	(2.83)	(8.39)	(18.23)	(9.75)	(63.29)	(21.33)	(18.83)	(24.16)	(28.88)
	ROIC	(2.53)	(1.82)	(4.12)	(13.08)	(9.69)	(45.25)	(15.56)	(16.67)	(26.25)	(11.12)
	ROE	(6.85)	(3.96)	(12.40)	(29.26)	(15.71)	(110.65)	(42.59)	(40.94)	(67.09)	(61.63)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NEXA Nexa Resources S.A.	$1.7B	6.0×	4.4×	+28.16% (above 0%: growing)	+5,100.00% (above 0%: growing)	+28.53% (above 0%: growing)	28.32%	19.31%	Compare
USAS Americas Gold and Silver Corporation	$1.3B	— (loss-making)	—	+72.05% (above 0%: growing)	n/m	−209.58% (below 0%: shrinking)	47.97%	10.95%
TMC TMC the metals company Inc.	$1.2B	— (loss-making)	—	—	n/m	−87.95% (below 0%: shrinking)	0.00%	0.00%	Compare
VZLA Vizsla Silver Corp.	$1.2B	— (loss-making)	—	—	n/m	+10.03% (above 0%: growing)	0.00%	0.00%	Compare
CRML Critical Metals Corp.	$1.0B	— (loss-making)	—	—	0.00%	0.00%	—	—	Compare
SGML Sigma Lithium Corporation	$989.5M	— (loss-making)	18.7×	+223.90% (above 0%: growing)	n/m	+405.47% (above 0%: growing)	59.98%	13.84%	Compare
EMAT Evolution Metals & Technologies Corp.	$965.9M	— (loss-making)	—	—	n/m	−607.00% (below 0%: shrinking)	(7.03%)	(744.93%)	Compare
CMP Compass Minerals International, Inc.	$948.4M	51.8×	39.5×	+0.33% (above 0%: growing)	n/m	−179.91% (below 0%: shrinking)	17.60%	5.06%	Compare
LAC Lithium Americas Corp.	$810.5M	— (loss-making)	—	—	n/m	−26.94% (below 0%: shrinking)	0.00%	0.00%	Compare
Median of peers	$1.0B	—	18.7×	+28.16%	—	−13.47%	0.00%	0.00%

All 46 Other Industrial Metals & Mining stocks →

Americas Gold and Silver Corporation (USAS) key facts

Strength: Americas Gold and Silver Corporation’s revenue for fiscal 2025 (year ended December 2025) was $117.9 million, up 17.7% from fiscal 2024.
Americas Gold and Silver Corporation (USAS) is an Other Industrial Metals & Mining company in the Basic Materials sector, listed on NYSE American.
As of October 16, 2026, USAS traded at $3.78, a market capitalization of $1.3 billion.
Return on equity was −61.6% and debt-to-equity 0.18.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 2.29 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.