1.Sales and profit
See section β- Americas Gold & Silver Corp had $118M of revenue in fiscal 2025, up 17.7% on the year before. Over five years, revenue changed +33.4% a year on average.
- Americas Gold & Silver Corp lost $87.4M in fiscal 2025.
Americas Gold & Silver Corp
USAS NYSE Metal Mining Financials FY2016βFY2025
Americas Gold & Silver Corp had $118M of revenue in fiscal 2025, up 17.7% on the year before. Over five years, revenue changed +33.4% a year on average.
Download report
3-page PDF: the company, its results and charts with peers.
Last close Β· Oct 23, 2026
$3.07
3.8%KIRAβs summary AI analyst
Hi! I read Americas Gold & Silver Corpβs latest annual report (fiscal 2025). Here is what stands out:
2 strengths 2 to watch
2.Cash and shareholders
See section β- Free cash flow was β$73.2M in fiscal 2025, β62.1% of revenue.
- No open-market insider trades in the last 12 months.
3.Financial health
See section β- Americas Gold & Silver Corp has $130M more cash than debt.
- Americas Gold & Silver Corp passes 5 of 9 financial health tests (Piotroski F-score).
Americas Gold & Silver Corp in 30 seconds
Good So-so Weak
Good
Are sales growing?
+17.7%
Yes. Sales grew 17.7% last year.
Weak
Does it make a profit?
β74.1%
No. It lost money last year.
Weak
Does profit turn into cash?
β62.1%
No. It spent more cash than it brought in.
So-so
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
For information
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$821M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
β
On β$0.33 EPS (TTM)
Charts by
Sales and profit
Is it selling more, and how much does it keep?
Results dates
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Americas Gold & Silver Corp did it, and the next one. Share prices often move a lot on those days.
Next results
November 9, 2026
Monday Β· in 14 days
- Time
- Time not announced
- Covers
- Period ended Sep 30, 2026
- Expected EPS
- $0.03
- Source
- Earnings calendar
| Date | Results for | Time | Source |
|---|---|---|---|
| Mar 30, 2026 | Q4 '25 | Before the market opens | 40-F β |
| Mar 31, 2025 | Q4 '24 | After the market closes | 40-F β |
| Apr 30, 2024 | Period ended Dec 31, 2023 | After the market closes | 20-F β |
| Mar 30, 2023 | Period ended Dec 31, 2022 | After the market closes | 40-F β |
| Mar 31, 2022 | Period ended Dec 31, 2021 | After the market closes | 40-F β |
| Mar 31, 2021 | Period ended Dec 31, 2020 | After the market closes | 40-F β |
| Mar 10, 2020 | Period ended Dec 31, 2019 | Time not announced | 40-F β |
| Apr 1, 2019 | Q4 '18 | Before the market opens | 40-F β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
Revenue and margins
KIRA Β· Americas Gold & Silver Corp had $118M of revenue in fiscal 2025, up 17.7% on the year before. Over five years, revenue changed +33.4% a year on average.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
FY16
Revenue $58.9M
FY17
Revenue $54.3M
FY18
Revenue $68.4M
FY19
Revenue $58.4M
FY20
Revenue $27.9M
FY21
Revenue $45.1M
FY22
Revenue $85.0M
FY23
Revenue $95.2M
FY24
Revenue $100M
FY25
Revenue $118M
Revenue
Q3 '17
Revenue $9.8M
Q4 '17
Revenue $12.0M
Q3 '18
Revenue $11.7M
Q4 '18
Revenue $18.9M
Q3 '24
Revenue $22.3M
Q4 '24
Revenue $23.8M
Q3 '25
Revenue $30.6M
Q4 '25
Revenue $36.9M
Margins, % of revenue
FY16
Gross 21.6%
Operating β
Net β
FCF 1.2%
FY17
Gross 26.2%
Operating β
Net β
FCF β10.3%
FY18
Gross 23.8%
Operating β
Net β14.4%
FCF β9.2%
FY19
Gross 2.9%
Operating β
Net β55.9%
FCF 4.4%
FY20
Gross β12.0%
Operating β
Net β90.2%
FCF β109.4%
FY21
Gross β88.2%
Operating β
Net β350.0%
FCF β141.2%
FY22
Gross 15.2%
Operating β
Net β50.7%
FCF β24.4%
FY23
Gross 184.8%
Operating β
Net β36.7%
FCF 19.9%
FY24
Gross 17.4%
Operating β
Net β45.0%
FCF β21.9%
FY25
Gross 28.0%
Operating β
Net β74.1%
FCF β62.1%
Gross
Operating
Net
FCF
Margins, % of revenue
Q3 '17
Gross 21.6%
Operating β
Net β
FCF β
Q4 '17
Gross 19.6%
Operating β
Net β
FCF 1.4%
Q3 '18
Gross β9.2%
Operating β
Net β
FCF β
Q4 '18
Gross 25.0%
Operating β
Net β
FCF β7.6%
Q3 '24
Gross 9.2%
Operating β
Net β63.0%
FCF β
Q4 '24
Gross 16.5%
Operating β
Net β49.1%
FCF β45.1%
Q3 '25
Gross 34.2%
Operating β
Net β51.3%
FCF β
Q4 '25
Gross 45.5%
Operating β
Net β102.3%
FCF β86.5%
Gross
Operating
Net
FCF
Net income and earnings per share
KIRA Β· Americas Gold & Silver Corp lost $87.4M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
FY16
Net income β
FY17
Net income β
FY18
Net income β$9.9M
FY19
Net income β$32.7M
FY20
Net income β$25.2M
FY21
Net income β$158M
FY22
Net income β$43.1M
FY23
Net income β$35.0M
FY24
Net income β$45.1M
FY25
Net income β$87.4M
Net income
Q3 '17
Net income β
Q4 '17
Net income β
Q3 '18
Net income β
Q4 '18
Net income β
Q3 '24
Net income β$14.1M
Q4 '24
Net income β$11.7M
Q3 '25
Net income β$15.7M
Q4 '25
Net income β$37.7M
Diluted EPS
FY16
Diluted EPS β
FY17
Diluted EPS β
FY18
Diluted EPS β
FY19
Diluted EPS β
FY20
Diluted EPS β
FY21
Diluted EPS β$1.11
FY22
Diluted EPS β$0.21
FY23
Diluted EPS β
FY24
Diluted EPS β$0.43
FY25
Diluted EPS β$0.33
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
KIRA Β· Free cash flow was β$73.2M in fiscal 2025, β62.1% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
FY16
Free cash flow $0.7M
FY17
Free cash flow β$5.6M
FY18
Free cash flow β$6.3M
FY19
Free cash flow $2.6M
FY20
Free cash flow β$30.5M
FY21
Free cash flow β$63.6M
FY22
Free cash flow β$20.8M
FY23
Free cash flow $18.9M
FY24
Free cash flow β$21.9M
FY25
Free cash flow β$73.2M
Free cash flow
Q3 '17
Free cash flow β
Q4 '17
Free cash flow $0.2M
Q3 '18
Free cash flow β
Q4 '18
Free cash flow β$1.4M
Q3 '24
Free cash flow β
Q4 '24
Free cash flow β$10.7M
Q3 '25
Free cash flow β
Q4 '25
Free cash flow β$31.9M
Cash from operations vs capital spending
FY16
Cash from operations $5.4M
Capital spending $4.7M
FY17
Cash from operations $1.6M
Capital spending $7.2M
FY18
Cash from operations $8.6M
Capital spending $14.9M
FY19
Cash from operations $14.1M
Capital spending $11.6M
FY20
Cash from operations β$18.9M
Capital spending $11.6M
FY21
Cash from operations β$50.9M
Capital spending $12.6M
FY22
Cash from operations β$1.2M
Capital spending $19.6M
FY23
Cash from operations β$1.0M
Capital spending β$19.9M
FY24
Cash from operations β$3.1M
Capital spending $18.9M
FY25
Cash from operations β$3.9M
Capital spending $69.2M
Cash from operations
Capital spending
Cash from operations vs capital spending
Q3 '17
Cash from operations β
Capital spending β
Q4 '17
Cash from operations $1.8M
Capital spending $1.6M
Q3 '18
Cash from operations β
Capital spending β
Q4 '18
Cash from operations $2.8M
Capital spending $4.2M
Q3 '24
Cash from operations β
Capital spending β
Q4 '24
Cash from operations β$5.5M
Capital spending $5.3M
Q3 '25
Cash from operations β
Capital spending β
Q4 '25
Cash from operations $8.6M
Capital spending $40.5M
Cash from operations
Capital spending
Dividends, buybacks and share count
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
FY16
Dividends β
Buybacks β
FY17
Dividends β
Buybacks β
FY18
Dividends β
Buybacks β
FY19
Dividends β
Buybacks β
FY20
Dividends β
Buybacks β
FY21
Dividends β
Buybacks β
FY22
Dividends β
Buybacks β
FY23
Dividends β
Buybacks β
FY24
Dividends β
Buybacks β
FY25
Dividends β
Buybacks β
Dividends
Buybacks
Diluted shares outstanding (annual)
FY16
Diluted shares 0.03B
FY17
Diluted shares 0.04B
FY18
Diluted shares 0.04B
FY19
Diluted shares 0.07B
FY20
Diluted shares 0.10B
FY21
Diluted shares 0.14B
FY22
Diluted shares 0.18B
FY23
Diluted shares 0.21B
FY24
Diluted shares 0.11B
FY25
Diluted shares 0.27B
Insider trades
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
KIRA Β· Americas Gold & Silver Corp has $130M more cash than debt.
Cash, debt and the ratios that show how comfortably Americas Gold & Silver Corp can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
FY16
Cash $24.1M
Debt $7.8M
FY17
Cash $9.3M
Debt $15.0M
FY18
Cash $3.5M
Debt $11.1M
FY19
Cash $20.0M
Debt $5.6M
FY20
Cash $4.7M
Debt $8.4M
FY21
Cash $2.9M
Debt $1.5M
FY22
Cash $2.0M
Debt $0.0M
FY23
Cash $2.1M
Debt $2.3M
FY24
Cash $20.0M
Debt $2.0M
FY25
Cash $130M
Debt $0.0M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $2.9M | $2.0M | $2.1M | $20.0M | $130M |
| Debt incl. finance leases | $1.5M | $0.0M | $2.3M | $2.0M | $0.0M |
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Current ratio | 0.5x | 0.6x | 0.4x | 0.6x | 1.8x |
| Quick ratio | 0.3x | 0.4x | 0.2x | 0.4x | 1.7x |
| Total assets | $213M | $191M | $180M | $193M | $413M |
| Total liabilities | $110M | $92.2M | $108M | $131M | $191M |
| Shareholders' equity | $93.1M | $81.2M | $53.4M | $62.1M | $222M |
| Net debt (β = net cash) | β$1.4M | β$2.0M | $0.2M | β$18.0M | β$130M |
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
FY16
Return on capital β
Return on equity β
Return on assets β
FY17
Return on capital β
Return on equity β
Return on assets β
FY18
Return on capital β
Return on equity β11.5%
Return on assets β7.8%
FY19
Return on capital β
Return on equity β31.0%
Return on assets β18.2%
FY20
Return on capital β
Return on equity β17.0%
Return on assets β9.8%
FY21
Return on capital β
Return on equity β120.0%
Return on assets β63.3%
FY22
Return on capital β
Return on equity β49.5%
Return on assets β21.3%
FY23
Return on capital β
Return on equity β51.9%
Return on assets β18.8%
FY24
Return on capital β
Return on equity β78.0%
Return on assets β24.2%
FY25
Return on capital β
Return on equity β61.6%
Return on assets β28.9%
Return on capital
Return on equity
Return on assets
Piotroski F-score
KIRA Β· Americas Gold & Silver Corp passes 5 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 1 | β / 6 | 4 / 8 | 3 / 9 | 2 / 9 | 4 / 9 | 6 / 9 | 4 / 9 | 4 / 9 | 5 / 9 |
| Accruals ratio | β | β | β14.5% | β26.1% | β2.4% | β42.8% | β20.7% | β18.3% | β22.5% | β27.6% |
| Altman Z'' | β | β | β | β | β | β | β | β | β | β |
All figures
Every number, year by year.
10 years of figures
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $58.9M | $54.3M | $68.4M | $58.4M | $27.9M | $45.1M | $85.0M | $95.2M | $100M | $118M |
| Provision for credit losses | β | β | β | β | β | $56.0M | $13.4M | β$6.0M | $0.0M | β |
| Gross profit | $12.7M | $14.2M | $16.2M | $1.7M | β$3.4M | β$39.7M | $12.9M | $176M | $17.4M | $33.1M |
| Interest expense | β | β | β | β | β | β | β | β | $7.4M | $5.3M |
| Pretax income | β$5.0M | β$3.9M | β$10.0M | β$32.3M | β$31.1M | β$162M | β$41.5M | β$40.2M | β$48.3M | β$82.8M |
| Income tax | $0.2M | β$0.4M | $0.7M | $2.0M | β$1.0M | β$1.6M | $3.7M | β$2.1M | $0.7M | $4.6M |
| Net income | β | β | β$9.9M | β$32.7M | β$25.2M | β$158M | β$43.1M | β$35.0M | β$45.1M | β$87.4M |
| Net income to common | β | β | β$9.9M | β$32.7M | β$25.2M | β$158M | β$43.1M | β$35.0M | β$45.1M | β$87.4M |
| Diluted EPS | β | β | β | β | β | β$1.11 | β$0.21 | β | β$0.43 | β$0.33 |
| Diluted shares | 0.03B | 0.04B | 0.04B | 0.07B | 0.10B | 0.14B | 0.18B | 0.21B | 0.11B | 0.27B |
| Cash flow | ||||||||||
| Cash from operations | $5.4M | $1.6M | $8.6M | $14.1M | β$18.9M | β$50.9M | β$1.2M | β$1.0M | β$3.1M | β$3.9M |
| Capital expenditure | $4.7M | $7.2M | $14.9M | $11.6M | $11.6M | $12.6M | $19.6M | β$19.9M | $18.9M | $69.2M |
| Free cash flow | $0.7M | β$5.6M | β$6.3M | $2.6M | β$30.5M | β$63.6M | β$20.8M | $18.9M | β$21.9M | β$73.2M |
| Depreciation and amortization | $7.4M | $6.7M | $10.6M | $13.3M | $8.0M | $15.8M | $21.3M | $20.8M | $24.1M | $21.2M |
| Stock-based compensation | $1.2M | $1.9M | $2.1M | $3.7M | $4.2M | $4.3M | $2.7M | $2.0M | $1.5M | $12.1M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $24.1M | $9.3M | $3.5M | $20.0M | $4.7M | $2.9M | $2.0M | $2.1M | $20.0M | $130M |
| Total debt | $7.8M | $15.0M | $11.1M | $5.6M | $8.4M | $1.5M | $0.0M | $2.3M | $2.0M | $0.0M |
| Current assets | $36.6M | $26.2M | $29.4M | $34.9M | $20.1M | $23.5M | $25.4M | $23.0M | $40.7M | $154M |
| Current liabilities | $16.5M | $14.4M | $23.0M | $34.8M | $39.0M | $45.7M | $42.1M | $61.2M | $68.6M | $86.2M |
| Inventory | $6.6M | $9.4M | $8.1M | $7.2M | $8.1M | $10.0M | $8.8M | $8.7M | $10.7M | $10.7M |
| Property and equipment, net | $80.5M | $100M | $96.4M | $190M | $259M | $178M | $161M | $153M | $147M | $249M |
| Total assets | $117M | $127M | $127M | $231M | $285M | $213M | $191M | $180M | $193M | $413M |
| Total liabilities | $30.1M | $39.4M | $43.0M | $92.0M | $104M | $110M | $92.2M | $108M | $131M | $191M |
| Shareholders' equity | $87.1M | $88.1M | $84.2M | $126M | $170M | $93.1M | $81.2M | $53.4M | $62.1M | $222M |
| Margins | ||||||||||
| Gross margin | 21.6% | 26.2% | 23.8% | 2.9% | β12.0% | β88.2% | 15.2% | 184.8% | 17.4% | 28.0% |
| Net margin | β | β | β14.4% | β55.9% | β90.2% | β350.0% | β50.7% | β36.7% | β45.0% | β74.1% |
| FCF margin | 1.2% | β10.3% | β9.2% | 4.4% | β109.4% | β141.2% | β24.4% | 19.9% | β21.9% | β62.1% |
| Returns | ||||||||||
| Return on equity | β | β | β11.5% | β31.0% | β17.0% | β120.0% | β49.5% | β51.9% | β78.0% | β61.6% |
| Return on assets | β | β | β7.8% | β18.2% | β9.8% | β63.3% | β21.3% | β18.8% | β24.2% | β28.9% |
| Return on tangible equity | β | β | β11.7% | β25.9% | β14.8% | β169.4% | β53.1% | β65.4% | β72.5% | β39.5% |
| Growth | ||||||||||
| Revenue growth | β | β7.8% | 25.9% | β14.5% | β52.3% | 61.6% | 88.7% | 11.9% | 5.3% | 17.7% |
| FCF growth | β | β870.0% | β | β | β1,277.8% | β | β | β | β215.8% | β |
| Share count change | β | 16.4% | 6.1% | 67.5% | 45.5% | 36.5% | 30.0% | 15.3% | β50.2% | 152.3% |
| Financial health | ||||||||||
| Debt / equity | 0.1x | 0.2x | 0.1x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Current ratio | 2.2x | 1.8x | 1.3x | 1.0x | 0.5x | 0.5x | 0.6x | 0.4x | 0.6x | 1.8x |
| Quick ratio | 1.8x | 1.2x | 0.9x | 0.8x | 0.3x | 0.3x | 0.4x | 0.2x | 0.4x | 1.7x |
| Capital allocation | ||||||||||
| Capex / revenue | 7.9% | 13.2% | 21.8% | 19.8% | 41.5% | 28.1% | 23.1% | β21.0% | 18.8% | 58.7% |
| Stock comp / revenue | 2.1% | 3.6% | 3.1% | 6.4% | 15.1% | 9.7% | 3.2% | 2.1% | 1.5% | 10.2% |
| Quality scores | ||||||||||
| Piotroski F-score | β | β | 4.0 | 3.0 | 2.0 | 4.0 | 6.0 | 4.0 | 4.0 | 5.0 |
| Accruals ratio | β | β | β14.5% | β26.1% | β2.4% | β42.8% | β20.7% | β18.3% | β22.5% | β27.6% |
Source: SEC EDGAR XBRL filings (CIK 0001286973). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.