The financials
Americas Gold and Silver Corporation by the numbers
Americas Gold and Silver Corporation (USAS) reported revenue of $37M in Q4 2025 (quarter ended December 31, 2025), up 65% from the same quarter a year earlier. That came with a gross margin of 45% and net loss of $38M. For the full year FY2025, revenue was $118M (+18% year on year) and net income −$87M.
| Income statement | Q4 2025 | Q3 2024 | Change |
|---|---|---|---|
| Revenue | $37M | $22M | +65% |
| Gross profit | $17M | $2.1M | +713% |
| Operating income | $16M | $552K | +2835% |
| Net income | −$38M | −$14M | n/a |
| Diluted EPS | n/a | −$0.13 | n/a |
Other Industrial Metals & Mining
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