Silver Standard Resources (SSRM) Financials

$30.74 +1.13 (+3.82%)

Closing price 05/20/2026 04:00 PM Eastern

Extended Trading

$30.62 -0.12 (-0.38%)

As of 05/20/2026 07:56 PM Eastern

Annual Income Statements for Silver Standard Resources

This table shows Silver Standard Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	65	69	-6.44	103	152	368	194	-98	-261	396
Consolidated Net Income / (Loss)	65	71	-0.03	101	157	426	210	-120	-353	362
Net Income / (Loss) Continuing Operations	65	71	-0.03	101	157	426	210	-120	-353	362
Total Pre-Tax Income	81	75	8.09	137	202	415	241	-202	-319	443
Total Operating Income	113	101	30	118	188	444	190	-130	-322	461
Total Gross Profit	154	113	176	257	409	803	540	623	482	976
Total Revenue	491	449	421	607	853	1,474	1,148	1,427	996	1,630
Operating Revenue	491	449	421	607	853	-	1,148	1,427	996	1,630
Total Cost of Revenue	337	336	245	350	445	671	608	804	514	653
Operating Cost of Revenue	-	336	245	350	445	671	608	804	514	653
Total Operating Expenses	41	12	146	139	220	358	350	753	804	515
Selling, General & Admin Expense	22	20	33	31	34	57	72	67	63	108
Exploration Expense	15	16	14	-	27	42	47	50	42	37
Depreciation Expense	-	-	99	86	109	228	181	214	130	116
Other Operating Expenses / (Income)	-	-	-	22	50	11	50	9.97	454	254
Total Other Income / (Expense), net	-32	-27	-22	18	14	-30	51	-72	3.55	-18
Interest Expense	26	35	34	16	14	19	19	17	13	15
Other Income / (Expense), net	-7.42	2.00	0.06	34	27	-11	70	-56	17	-3.72
Income Tax Expense	16	3.12	8.12	35	43	-14	30	-83	33	80
Other Gains / (Losses), net	-	-	-	0.00	-1.43	-2.95	-0.34	-0.35	-0.55	-0.49
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-2.15	6.41	-1.56	5.63	58	16	-22	-91	-33
Basic Earnings per Share	$0.63	$0.58	-	$0.84	$1.00	$1.70	$0.92	($0.48)	($1.29)	$1.95
Weighted Average Basic Shares Outstanding	-	119.84M	120.74M	-	219.61M	212.38M	206.76M	204.71M	202.26M	202.75M
Diluted Earnings per Share	$0.62	$0.57	$0.05	$0.78	$0.96	$1.63	$0.89	($0.48)	($1.29)	$1.85
Weighted Average Diluted Shares Outstanding	-	119.84M	120.74M	-	219.61M	212.38M	206.76M	204.71M	202.26M	217.03M
Weighted Average Basic & Diluted Shares Outstanding	-	119.84M	120.74M	-	219.61M	212.38M	206.76M	202.46M	202.39M	203.33M

This table shows Silver Standard Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	15	-218	-287	9.69	11	5.56	59	90	65	181	-106
Consolidated Net Income / (Loss)	-7.25	-264	-358	2.46	6.25	-3.14	54	80	57	171	-115
Net Income / (Loss) Continuing Operations	-7.25	-264	-358	2.46	6.25	-3.14	89	80	57	171	250
Total Pre-Tax Income	62	-335	-378	14	7.15	38	106	101	72	207	310
Total Operating Income	77	-298	-376	11	9.04	34	107	109	83	202	300
Total Gross Profit	171	206	104	88	119	170	180	243	220	334	387
Total Revenue	385	426	230	185	257	323	317	405	386	522	582
Operating Revenue	385	426	230	185	257	323	317	405	386	522	582
Total Cost of Revenue	215	220	126	97	138	153	137	163	166	188	195
Operating Cost of Revenue	215	220	126	97	138	153	137	163	166	188	195
Total Operating Expenses	93	504	481	78	110	136	73	134	137	131	86
Selling, General & Admin Expense	18	15	13	13	19	18	24	27	40	17	38
Exploration Expense	15	11	10	11	11	8.95	5.96	6.80	10	13	5.30
Depreciation Expense	56	66	38	23	30	38	31	26	28	31	30
Other Operating Expenses / (Income)	2.20	3.05	305	30	49	71	13	74	58	70	12
Total Other Income / (Expense), net	-16	-38	-1.80	3.74	-1.89	3.50	-1.17	-8.21	-11	4.17	9.58
Interest Expense	4.08	2.52	4.66	2.11	2.94	3.33	1.79	4.23	3.58	3.40	1.27
Other Income / (Expense), net	-12	-35	2.85	5.84	1.05	6.83	0.62	-3.99	-7.57	7.56	11
Income Tax Expense	69	-71	-20	12	0.87	41	16	20	15	36	60
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-35	-	-	-	-365
Net Income / (Loss) Attributable to Noncontrolling Interest	-22	-47	-71	-7.23	-4.31	-8.69	-4.34	-9.71	-8.35	-11	-8.70
Weighted Average Basic Shares Outstanding	203.89M	202.46M	202.36M	202.13M	202.14M	202.39M	202.42M	202.77M	202.78M	202.75M	205.62M
Weighted Average Diluted Shares Outstanding	203.89M	202.46M	202.36M	202.41M	202.45M	202.39M	216.55M	216.99M	217.46M	217.03M	217.65M
Weighted Average Basic & Diluted Shares Outstanding	203.89M	202.46M	202.09M	202.10M	202.37M	202.39M	202.78M	202.78M	203.00M	203.33M	207.49M

This table details how cash moves in and out of Silver Standard Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	115	133	-41	85	390	157	-364	-197	-105	147
Net Cash From Operating Activities	168	126	60	118	307	609	161	422	40	472
Net Cash From Continuing Operating Activities	168	126	77	118	307	609	161	422	40	472
Net Income / (Loss) Continuing Operations	65	71	-0.03	101	157	426	210	-120	-353	362
Consolidated Net Income / (Loss)	65	71	-0.03	101	157	426	210	-120	-353	362
Depreciation Expense	76	102	100	86	109	228	181	214	130	116
Non-Cash Adjustments To Reconcile Net Income	11	-51	-10	-13	54	119	-19	590	354	184
Changes in Operating Assets and Liabilities, net	16	3.12	-13	-58	-15	-165	-212	-262	-91	-191
Net Cash From Investing Activities	-21	27	-116	-115	240	-129	-236	-339	-143	-340
Net Cash From Continuing Investing Activities	-21	27	-116	-115	240	-129	-236	-339	-143	-340
Purchase of Property, Plant & Equipment	-	-29	-158	-111	-139	-165	-138	-223	-144	-230
Acquisitions	0.00	-13	0.00	-2.42	303	0.00	-170	-120	0.00	-106
Purchase of Investments	-	0.00	-23	-3.44	-30	-10	-9.00	-15	-31	-102
Sale of Property, Plant & Equipment	-42	-	-	1.21	8.54	2.51	35	0.00	4.85	0.00
Sale and/or Maturity of Investments	4.97	69	63	3.31	97	11	44	20	27	97
Other Investing Activities, net	-	-	1.71	-2.93	-0.06	-0.74	1.25	-0.08	-0.45	0.66
Net Cash From Financing Activities	-18	0.00	21	81	-158	-320	-272	-182	6.92	26
Net Cash From Continuing Financing Activities	-18	0.00	21	81	-158	-320	-272	-182	6.92	26
Repayment of Debt	-	-	0.00	70	-150	-71	-71	-71	-0.92	-2.52
Repurchase of Common Equity	-	-	-	0.00	0.00	-148	-100	-56	-9.83	0.00
Payment of Dividends	-	-	-	0.00	0.00	-99	-93	-58	0.00	0.00
Issuance of Debt	-18	-	0.00	0.00	3.09	-	0.00	6.54	22	34
Other Financing Activities, net	-	-	21	7.38	-11	-1.66	-7.46	-3.87	-4.58	-4.94
Effect of Exchange Rate Changes	-1.09	-1.10	-	0.01	0.79	-3.14	-17	-97	-8.54	-11

This table details how cash moves in and out of Silver Standard Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	25	55	-25	-109	-24	54	-58	92	-2.77	126	109
Net Cash From Operating Activities	135	203	25	-78	-1.35	95	82	158	57	172	264
Net Cash From Continuing Operating Activities	135	203	25	-78	-1.35	95	117	158	57	172	300
Net Income / (Loss) Continuing Operations	-7.25	-264	-358	2.46	6.25	-3.14	89	80	57	171	250
Consolidated Net Income / (Loss)	-7.25	-264	-358	2.46	6.25	-3.14	54	80	57	171	-115
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-35	-	-	-	-365
Depreciation Expense	56	66	38	23	30	38	31	26	28	31	30
Non-Cash Adjustments To Reconcile Net Income	35	516	376	-45	-20	44	13	94	52	9.89	28
Changes in Operating Assets and Liabilities, net	52	-115	-32	-59	-18	16	-16	-43	-80	-39	-8.28
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	-34	-	-	-	-35
Net Cash From Investing Activities	-48	-59	-37	-32	-35	-40	-152	-69	-64	-53	-86
Net Cash From Continuing Investing Activities	-48	-59	-37	-32	-35	-40	-151	-69	-64	-53	-86
Purchase of Property, Plant & Equipment	-47	-59	-34	-38	-33	-39	-45	-59	-60	-66	-89
Acquisitions	-	-	-0.12	-0.10	-0.23	0.45	-109	0.25	2.78	-	0.00
Purchase of Investments	-1.34	-12	-6.34	-3.29	-13	-9.04	-6.14	-37	-33	-17	-1.62
Sale and/or Maturity of Investments	0.41	11	3.72	5.03	11	8.05	8.86	27	26	29	4.66
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	-0.95	-	-	-	-0.48
Net Cash From Financing Activities	-47	-24	-11	1.49	14	2.31	2.68	7.86	10	5.44	-78
Net Cash From Continuing Financing Activities	-47	-24	-11	1.49	14	2.31	3.60	7.86	10	5.44	-77
Repayment of Debt	-36	-	0.00	-0.92	-	-	0.00	-0.25	-	-2.52	-0.03
Issuance of Debt	-	2.04	0.00	-	-	3.87	3.60	9.30	11	9.33	15
Other Financing Activities, net	-0.98	-0.98	-1.00	-1.01	-1.02	-1.56	0.00	-1.19	-1.20	-1.36	-92
Net Cash From Discontinued Financing Activities	-	-	-	-	-	-	-0.93	-	-	-	-1.23
Effect of Exchange Rate Changes	-15	-65	-2.42	-0.38	-1.57	-4.19	-1.50	-4.70	-6.52	1.35	2.91
Other Net Changes in Cash	-	-	-	-	-	-	10	-	-	-	6.42

This table presents Silver Standard Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,439	1,537	1,521	1,750	5,177	5,211	5,255	5,386	5,189	6,094
Total Current Assets	704	800	733	900	1,424	1,600	1,376	1,196	1,029	1,287
Cash & Equivalents	327	460	419	504	861	1,018	655	492	388	525
Short-Term Investments	149	114	30	66	27	40	40	21	29	41
Accounts Receivable	58	38	43	72	83	121	118	142	124	137
Inventories, net	155	183	233	238	437	389	502	515	464	489
Prepaid Expenses	-	-	-	-	16	32	28	26	23	54
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	42
Plant, Property, & Equipment, net	664	659	701	769	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	71	79	87	77	3,754	3,611	3,878	4,189	4,160	4,807
Noncurrent Deferred & Refundable Income Taxes	1.10	0.00	7.52	0.06	15	8.50	1.92	22	7.60	4.86
Other Noncurrent Operating Assets	20	29	30	27	3,681	3,548	3,826	4,167	4,152	2,227
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	-	2,575
Total Liabilities & Shareholders' Equity	1,439	1,537	1,521	1,750	5,177	5,211	5,255	5,386	5,189	6,094
Total Liabilities	537	514	515	616	1,327	1,159	1,128	1,082	1,242	1,780
Total Current Liabilities	144	71	83	234	249	284	279	171	219	618
Short-Term Debt	-	-	-	-	71	71	72	0.92	11	316
Accounts Payable	62	60	83	111	43	35	79	37	31	29
Accrued Expenses	-	-	-	-	132	165	125	125	139	197
Other Current Liabilities	83	11	-	-	3.57	12	3.87	7.92	38	11
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	65
Total Noncurrent Liabilities	393	442	432	505	1,078	875	849	911	1,023	1,161
Long-Term Debt	220	233	248	284	367	295	227	234	246	51
Asset Retirement Reserve & Litigation Obligation	-	-	0.21	8.77	103	123	154	170	313	390
Noncurrent Deferred & Payable Income Tax Liabilities	117	115	108	128	473	339	342	364	327	199
Other Noncurrent Operating Liabilities	56	94	76	81	135	118	126	143	137	146
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	375
Total Equity & Noncontrolling Interests	902	1,024	1,006	1,134	3,847	4,053	4,126	4,304	3,947	4,314
Total Preferred & Common Equity	902	1,001	974	1,134	3,335	3,538	3,580	3,373	3,107	3,508
Total Common Equity	902	1,001	974	1,134	3,335	3,538	3,580	3,373	3,107	3,508
Common Stock	1,044	1,047	1,055	1,084	3,243	3,140	3,058	3,005	2,994	2,999
Retained Earnings	-209	-140	-133	-76	92	398	522	368	113	509
Noncontrolling Interest	0.00	23	32	0.00	512	515	546	931	840	806

This table presents Silver Standard Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	4,995	5,235	5,739	5,750	5,252	5,176	5,144	5,645	5,796	5,908	5,947
Total Current Assets	1,431	1,342	1,155	1,158	1,082	1,022	996	1,025	1,147	1,206	3,669
Cash & Equivalents	748	562	379	438	467	358	334	320	412	409	634
Short-Term Investments	54	34	33	29	25	26	31	22	26	36	40
Accounts Receivable	137	162	125	135	104	111	115	117	117	122	139
Inventories, net	468	519	561	533	465	508	495	544	569	586	523
Prepaid Expenses	23	32	23	24	21	19	21	22	23	53	73
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	2,260
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	3,565	3,892	4,584	4,592	4,170	4,154	4,147	4,620	4,648	4,702	2,278
Noncurrent Deferred & Refundable Income Taxes	6.12	1.92	0.00	0.00	27	25	20	5.77	5.58	11	4.57
Other Noncurrent Operating Assets	3,504	3,840	4,534	4,542	4,142	4,129	4,127	4,614	4,643	4,690	2,273
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	0.00
Total Liabilities & Shareholders' Equity	4,995	5,235	5,739	5,750	5,252	5,176	5,144	5,645	5,796	5,908	5,947
Total Liabilities	1,001	1,097	1,128	1,157	1,313	1,234	1,195	1,641	1,710	1,763	1,518
Total Current Liabilities	247	251	204	166	353	289	255	260	481	501	689
Short-Term Debt	89	53	36	0.91	0.96	0.00	11	11	240	240	0.00
Accounts Payable	44	80	56	53	31	24	27	42	37	41	37
Accrued Expenses	110	113	108	108	131	116	118	159	166	186	228
Other Current Liabilities	3.83	3.88	3.94	3.97	190	148	99	48	37	33	7.99
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	-	416
Total Noncurrent Liabilities	754	846	924	990	960	946	940	1,381	1,229	1,262	829
Long-Term Debt	226	227	227	227	228	228	242	250	31	42	66
Asset Retirement Reserve & Litigation Obligation	140	156	162	164	240	230	232	522	596	605	397
Noncurrent Deferred & Payable Income Tax Liabilities	260	340	386	444	346	340	330	334	325	320	207
Other Noncurrent Operating Liabilities	127	123	150	155	146	148	136	275	278	295	159
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	-	0.00
Total Equity & Noncontrolling Interests	3,995	4,138	4,612	4,593	3,939	3,941	3,949	4,004	4,086	4,144	4,429
Total Preferred & Common Equity	3,499	3,592	3,614	3,615	3,079	3,088	3,100	3,168	3,260	3,327	3,631
Total Common Equity	3,499	3,592	3,614	3,615	3,079	3,088	3,100	3,168	3,260	3,327	3,631
Common Stock	3,057	3,055	3,017	3,018	2,991	2,991	2,992	2,996	2,998	2,999	3,228
Retained Earnings	442	537	597	598	88	97	108	172	262	328	403
Noncontrolling Interest	495	546	998	978	860	853	849	835	826	817	798

This table displays calculated financial ratios and metrics derived from Silver Standard Resources' official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-8.60%	-6.26%	44.26%	40.58%	72.81%	-22.13%	24.29%	-30.23%	63.68%
EBITDA Growth	0.00%	13.48%	-36.62%	83.79%	35.93%	103.39%	-33.40%	-93.61%	-721.95%	426.98%
EBIT Growth	0.00%	-1.77%	-71.01%	408.94%	41.45%	101.17%	-40.08%	-171.47%	-64.54%	249.73%
NOPAT Growth	0.00%	7.50%	-100.12%	76,650.40%	68.73%	210.54%	-63.76%	-154.75%	-147.45%	267.50%
Net Income Growth	0.00%	10.02%	-100.04%	326,609.68%	55.27%	171.01%	-50.59%	-157.13%	-193.27%	202.79%
EPS Growth	0.00%	-8.06%	-91.23%	1,460.00%	23.08%	69.79%	-45.40%	-153.93%	-168.75%	243.41%
Operating Cash Flow Growth	0.00%	-25.20%	-52.49%	97.66%	159.95%	98.30%	-73.58%	162.11%	-90.48%	1,075.81%
Free Cash Flow Firm Growth	0.00%	0.00%	-355.48%	153.90%	-3,787.99%	120.51%	-134.61%	-145.99%	103.15%	258.14%
Invested Capital Growth	0.00%	7.81%	17.79%	2.75%	310.32%	-1.07%	10.07%	8.96%	-5.93%	8.73%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-8.13%	9.14%	-9.35%	13.87%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.78%	-93.92%	66.34%	39.15%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.99%	-169.01%	55.01%	58.36%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-45.70%	-145.86%	50.74%	86.76%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-22.57%	-150.24%	42.56%	91.99%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-12.75%	-148.48%	45.34%	77.88%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-29.25%	25.27%	-72.94%	19.52%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	35.27%	-77.93%	-16.68%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.46%	-7.55%	-1.28%	3.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.37%	25.24%	41.73%	42.39%	47.89%	54.46%	47.04%	43.64%	48.37%	59.91%
EBITDA Margin	36.94%	45.86%	31.01%	39.50%	38.20%	44.96%	38.45%	1.98%	-17.63%	35.22%
Operating Margin	22.93%	22.58%	7.11%	19.51%	22.07%	30.14%	16.57%	-9.13%	-32.37%	28.32%
EBIT Margin	21.42%	23.02%	7.12%	25.13%	25.28%	29.43%	22.64%	-13.02%	-30.71%	28.09%
Profit (Net Income) Margin	13.23%	15.92%	-0.01%	16.68%	18.42%	28.89%	18.33%	-8.43%	-35.41%	22.24%
Tax Burden Percent	80.21%	95.82%	-0.38%	74.07%	77.88%	102.69%	87.37%	59.40%	110.62%	81.78%
Interest Burden Percent	76.99%	72.19%	27.00%	89.63%	93.57%	95.60%	92.65%	108.94%	104.26%	96.82%
Effective Tax Rate	19.79%	4.18%	100.38%	25.93%	21.41%	-3.40%	12.48%	0.00%	0.00%	18.11%
Return on Invested Capital (ROIC)	14.25%	14.74%	-0.02%	10.75%	7.01%	13.62%	4.72%	-2.36%	-5.78%	9.56%
ROIC Less NNEP Spread (ROIC-NNEP)	23.71%	23.16%	-0.05%	5.43%	4.61%	19.44%	-3.07%	5.82%	52.14%	18.23%
Return on Net Nonoperating Assets (RNNOA)	-7.05%	-7.32%	0.01%	-1.29%	-0.71%	-2.84%	0.42%	-0.49%	-2.77%	-0.79%
Return on Equity (ROE)	7.20%	7.42%	0.00%	9.46%	6.31%	10.78%	5.15%	-2.85%	-8.55%	8.77%
Cash Return on Invested Capital (CROIC)	0.00%	7.23%	-16.35%	8.04%	-114.61%	14.69%	-4.87%	-10.94%	0.34%	1.20%
Operating Return on Assets (OROA)	7.31%	6.94%	1.96%	9.32%	6.23%	8.35%	4.97%	-3.49%	-5.78%	8.11%
Return on Assets (ROA)	4.52%	4.80%	0.00%	6.19%	4.54%	8.20%	4.02%	-2.26%	-6.67%	6.42%
Return on Common Equity (ROCE)	7.20%	7.33%	0.00%	9.32%	5.65%	9.37%	4.48%	-2.35%	-6.71%	7.03%
Return on Equity Simple (ROE_SIMPLE)	7.20%	7.14%	0.00%	8.93%	4.71%	12.04%	5.88%	-3.56%	-11.35%	0.00%
Net Operating Profit after Tax (NOPAT)	90	97	-0.11	88	148	459	167	-91	-226	378
NOPAT Margin	18.40%	21.64%	-0.03%	14.45%	17.34%	31.17%	14.50%	-6.39%	-22.66%	23.19%
Net Nonoperating Expense Percent (NNEP)	-9.46%	-8.42%	0.03%	5.32%	2.41%	-5.82%	7.79%	-8.18%	-57.92%	-8.67%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	3.76%	-2.01%	-5.37%	8.05%
Cost of Revenue to Revenue	68.63%	74.76%	58.27%	57.61%	52.11%	45.54%	52.96%	56.36%	51.63%	40.09%
SG&A Expenses to Revenue	4.50%	4.53%	7.83%	5.13%	3.94%	3.84%	6.24%	4.73%	6.32%	6.62%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.43%	2.66%	34.63%	22.88%	25.82%	24.31%	30.47%	52.77%	80.74%	31.60%
Earnings before Interest and Taxes (EBIT)	105	103	30	152	216	434	260	-186	-306	458
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	181	206	130	240	326	663	441	28	-176	574
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.42	1.95	0.69	1.06	0.89	0.65	0.45	1.27
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.49	2.04	0.70	1.07	0.90	0.65	0.45	1.27
Price to Revenue (P/Rev)	0.00	0.00	3.28	3.65	2.71	2.54	2.76	1.54	1.41	2.73
Price to Earnings (P/E)	0.00	0.00	0.00	21.55	15.26	10.18	16.34	0.00	0.00	11.24
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	1.17%	1.82%	2.60%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	4.64%	6.55%	9.82%	6.12%	0.00%	0.00%	8.89%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.50	2.34	0.70	1.06	0.89	0.71	0.55	1.23
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.88	3.18	2.78	2.42	2.86	1.99	2.10	3.10
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	9.28	8.06	7.28	5.38	7.45	100.87	0.00	8.82
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	40.41	12.67	10.99	8.22	12.65	0.00	0.00	11.05
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	22.04	16.02	7.76	19.75	0.00	0.00	13.39
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	20.26	16.36	7.72	5.86	20.44	6.75	52.04	10.72
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	29.47	0.00	7.19	0.00	0.00	157.27	106.66
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.23	0.25	0.25	0.11	0.09	0.07	0.05	0.07	0.09
Long-Term Debt to Equity	0.24	0.23	0.25	0.25	0.10	0.07	0.05	0.05	0.06	0.01
Financial Leverage	-0.30	-0.32	-0.27	-0.24	-0.15	-0.15	-0.14	-0.08	-0.05	-0.04
Leverage Ratio	1.60	1.55	1.51	1.53	1.39	1.31	1.28	1.26	1.28	1.37
Compound Leverage Factor	1.23	1.12	0.41	1.37	1.30	1.26	1.19	1.38	1.34	1.32
Debt to Total Capital	19.61%	18.55%	19.75%	20.22%	10.21%	8.30%	6.74%	5.18%	6.12%	8.07%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	1.66%	1.62%	1.62%	0.02%	0.26%	6.97%
Long-Term Debt to Total Capital	19.61%	18.55%	19.75%	20.22%	8.55%	6.69%	5.12%	5.16%	5.86%	1.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	1.83%	2.54%	0.00%	12.02%	11.65%	12.35%	20.51%	19.98%	17.19%
Common Equity to Total Capital	80.39%	79.62%	77.71%	79.78%	77.77%	80.05%	80.91%	74.31%	73.90%	74.75%
Debt to EBITDA	1.21	1.13	1.90	1.20	1.34	0.55	0.68	8.33	-1.47	0.66
Net Debt to EBITDA	-1.41	-1.66	-1.54	-1.18	-1.40	-1.05	-0.98	-9.87	0.91	-0.34
Long-Term Debt to EBITDA	1.21	1.13	1.90	1.20	1.13	0.45	0.51	8.29	-1.40	0.09
Debt to NOPAT	2.44	2.40	-2,160.99	3.28	2.96	0.80	1.79	-2.58	-1.14	1.00
Net Debt to NOPAT	-2.83	-3.51	1,756.40	-3.22	-3.09	-1.51	-2.59	3.05	0.71	-0.52
Long-Term Debt to NOPAT	2.44	2.40	-2,160.99	3.28	2.48	0.64	1.36	-2.57	-1.09	0.14
Altman Z-Score	0.00	0.00	2.34	3.19	1.65	2.91	2.46	1.69	0.90	2.26
Noncontrolling Interest Sharing Ratio	0.00%	1.20%	2.70%	1.49%	10.34%	13.04%	12.97%	17.53%	21.46%	19.93%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.88	11.19	8.81	3.84	5.71	5.64	4.93	7.01	4.70	2.08
Quick Ratio	3.70	8.56	5.90	2.74	3.89	4.15	2.91	3.84	2.48	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	48	-122	66	-2,418	496	-172	-422	13	47
Operating Cash Flow to CapEx	397.83%	435.30%	37.82%	107.98%	235.41%	375.21%	157.05%	188.76%	28.94%	204.97%
Free Cash Flow to Firm to Interest Expense	0.00	1.37	-3.62	4.15	-174.26	25.97	-8.98	-25.41	1.02	3.25
Operating Cash Flow to Interest Expense	6.48	3.61	1.78	7.47	22.13	31.89	8.42	25.38	3.08	32.37
Operating Cash Flow Less CapEx to Interest Expense	4.85	2.78	-2.92	0.55	12.73	23.39	3.06	11.93	-7.56	16.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.30	0.28	0.37	0.25	0.28	0.22	0.27	0.19	0.29
Accounts Receivable Turnover	8.40	9.30	10.40	10.58	11.00	14.41	9.61	10.98	7.47	12.48
Inventory Turnover	2.18	1.99	1.18	1.49	1.32	1.62	1.36	1.58	1.05	1.33
Fixed Asset Turnover	0.74	0.68	0.62	0.83	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	5.48	5.52	3.42	3.60	5.77	17.27	10.69	13.86	15.20	18.30
Days Sales Outstanding (DSO)	43.44	39.24	35.09	34.48	33.17	25.33	38.00	33.23	48.87	29.25
Days Inventory Outstanding (DIO)	167.80	183.58	309.24	245.50	276.95	224.65	267.48	230.75	347.66	273.87
Days Payable Outstanding (DPO)	66.61	66.17	106.62	101.36	63.24	21.14	34.15	26.33	24.01	19.94
Cash Conversion Cycle (CCC)	144.62	156.65	237.71	178.63	246.88	228.84	271.32	237.65	372.52	283.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	634	683	805	827	3,393	3,357	3,695	4,026	3,787	4,117
Invested Capital Turnover	0.77	0.68	0.57	0.74	0.40	0.44	0.33	0.37	0.25	0.41
Increase / (Decrease) in Invested Capital	0.00	49	122	22	2,566	-36	338	331	-239	330
Enterprise Value (EV)	0.00	0.00	1,211	1,932	2,371	3,567	3,288	2,847	2,088	5,059
Market Capitalization	0.00	0.00	1,380	2,215	2,313	3,748	3,173	2,194	1,408	4,450
Book Value per Share	$0.00	$8.35	$8.13	$9.39	$15.19	$16.11	$17.33	$16.54	$15.35	$17.28
Tangible Book Value per Share	$0.00	$7.94	$7.71	$8.98	$14.96	$15.88	$17.09	$16.54	$15.35	$17.28
Total Capital	1,122	1,257	1,254	1,421	4,288	4,420	4,425	4,539	4,204	4,693
Total Debt	220	233	248	287	438	367	298	235	257	379
Total Long-Term Debt	220	233	248	287	367	295	227	234	246	51
Net Debt	-256	-341	-201	-283	-458	-696	-431	-278	-160	-197
Capital Expenditures (CapEx)	42	29	158	109	130	162	102	223	139	230
Debt-free, Cash-free Net Working Capital (DFCFNWC)	84	154	201	95	358	330	440	513	404	420
Debt-free Net Working Capital (DFNWC)	560	728	650	665	1,246	1,388	1,169	1,027	821	996
Net Working Capital (NWC)	560	728	650	665	1,174	1,316	1,097	1,026	810	669
Net Nonoperating Expense (NNE)	25	26	-0.08	-14	-9.20	34	-44	29	127	15
Net Nonoperating Obligations (NNO)	-268	-341	-201	-307	-458	-696	-431	-278	-160	-197
Total Depreciation and Amortization (D&A)	76	102	100	87	110	229	181	214	130	116
Debt-free, Cash-free Net Working Capital to Revenue	17.08%	34.38%	47.81%	15.72%	41.98%	22.38%	38.29%	35.99%	40.56%	25.80%
Debt-free Net Working Capital to Revenue	114.04%	162.25%	154.48%	109.66%	146.00%	94.15%	101.82%	71.96%	82.48%	61.12%
Net Working Capital to Revenue	114.04%	162.25%	154.48%	109.66%	137.68%	89.30%	95.57%	71.90%	81.37%	41.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.58	$0.00	$0.47	$0.88	$1.70	$0.00	($0.48)	($1.29)	$1.95
Adjusted Weighted Average Basic Shares Outstanding	0.00	119.84M	120.74M	0.00	219.61M	212.38M	0.00	202.46M	202.39M	202.75M
Adjusted Diluted Earnings per Share	$0.00	$0.57	$0.05	$0.47	$0.87	$1.63	$0.00	($0.48)	($1.29)	$1.85
Adjusted Weighted Average Diluted Shares Outstanding	0.00	119.84M	120.74M	0.00	219.61M	212.38M	0.00	202.46M	202.39M	217.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	119.84M	120.74M	0.00	219.61M	212.38M	0.00	202.46M	202.39M	203.33M
Normalized Net Operating Profit after Tax (NOPAT)	94	74	21	88	148	325	167	197	-145	378
Normalized NOPAT Margin	19.17%	16.43%	4.97%	14.45%	17.34%	22.06%	14.50%	13.79%	-14.60%	23.19%
Pre Tax Income Margin	16.49%	16.62%	1.92%	22.52%	23.65%	28.13%	20.98%	-14.18%	-32.01%	27.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.05	2.96	0.89	9.64	15.54	22.72	13.60	-11.18	-23.47	31.40
NOPAT to Interest Expense	3.48	2.78	0.00	5.54	10.66	24.06	8.71	-5.49	-17.32	25.93
EBIT Less CapEx to Interest Expense	2.42	2.13	-3.81	2.72	6.14	14.22	8.24	-24.63	-34.11	15.61
NOPAT Less CapEx to Interest Expense	1.85	1.96	-4.70	-1.37	1.26	15.56	3.35	-18.93	-27.96	10.13
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	23.17%	44.35%	-47.97%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	57.94%	91.89%	-94.81%	-2.79%	0.00%

This table displays calculated financial ratios and metrics derived from Silver Standard Resources' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	203,326,282.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	203,326,282.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.52
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	131.29%	39.01%	-26.82%	-38.60%	-33.22%	-24.12%	37.52%	119.35%	49.92%	61.43%	83.75%
EBITDA Growth	876.87%	-256.95%	-499.27%	-55.42%	-66.73%	129.87%	129.17%	231.36%	156.53%	202.97%	147.37%
EBIT Growth	275.65%	-371.76%	-1,113.70%	-62.46%	-84.67%	112.39%	117.98%	533.30%	650.82%	409.35%	189.77%
NOPAT Growth	63.58%	-747.72%	-880.93%	-98.78%	188.81%	98.67%	121.75%	4,195.25%	732.31%	6,118.03%	168.90%
Net Income Growth	74.46%	-377.76%	-1,334.87%	-97.99%	186.28%	98.81%	115.20%	3,161.44%	813.33%	5,539.14%	-311.50%
EPS Growth	158.33%	-341.86%	-1,114.29%	-85.71%	-28.57%	102.88%	119.72%	740.00%	520.00%	2,700.00%	0.00%
Operating Cash Flow Growth	358.98%	72.03%	730.17%	-197.25%	-101.00%	-53.25%	244.30%	302.02%	4,340.06%	81.15%	221.23%
Free Cash Flow Firm Growth	75.62%	-76.27%	63.74%	177.67%	161.18%	143.78%	-27.97%	-107.15%	-115.08%	-169.18%	1,477.60%
Invested Capital Growth	24.29%	8.96%	-3.00%	-14.54%	-11.90%	-5.93%	6.78%	3.52%	3.79%	8.73%	-49.63%
Revenue Q/Q Growth	28.03%	10.51%	-45.94%	-19.72%	39.23%	25.58%	-2.03%	28.06%	-4.84%	35.22%	11.51%
EBITDA Q/Q Growth	37.26%	-318.59%	-25.97%	111.81%	2.42%	96.25%	22.91%	34.12%	-20.71%	131.77%	41.66%
EBIT Q/Q Growth	49.24%	-605.14%	-12.31%	104.43%	-39.08%	308.37%	62.98%	56.19%	-27.77%	177.04%	48.28%
NOPAT Q/Q Growth	-105.40%	-2,230.78%	-26.48%	100.77%	291.92%	-134.98%	2,163.59%	51.81%	-24.06%	152.95%	45.06%
Net Income Q/Q Growth	-105.92%	-3,548.86%	-35.48%	100.69%	153.69%	-150.15%	1,836.71%	47.60%	-28.96%	198.67%	-167.53%
EPS Q/Q Growth	-80.00%	-1,585.71%	-36.54%	103.52%	0.00%	-40.00%	833.33%	50.00%	-26.19%	170.97%	0.00%
Operating Cash Flow Q/Q Growth	68.35%	50.20%	-87.88%	-417.21%	98.27%	7,145.92%	-10.71%	86.12%	-63.79%	201.02%	53.73%
Free Cash Flow Firm Q/Q Growth	-3.41%	37.28%	71.87%	530.94%	-18.54%	-55.12%	-181.24%	75.91%	-71.73%	-105.86%	1,440.76%
Invested Capital Q/Q Growth	-1.68%	-7.55%	-8.58%	3.00%	1.36%	-1.28%	3.61%	-0.14%	1.62%	3.41%	-52.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.30%	48.45%	45.32%	47.75%	46.27%	52.58%	56.84%	59.81%	57.06%	63.96%	66.46%
EBITDA Margin	31.61%	-62.53%	-145.58%	21.41%	15.75%	24.61%	30.88%	32.34%	26.95%	46.19%	58.68%
Operating Margin	20.10%	-69.88%	-163.50%	5.80%	3.51%	10.64%	21.13%	26.86%	21.60%	38.78%	51.63%
EBIT Margin	17.09%	-78.10%	-162.26%	8.96%	3.92%	12.75%	21.21%	25.87%	19.64%	40.23%	53.50%
Profit (Net Income) Margin	-1.88%	-62.07%	-155.56%	1.33%	2.43%	-0.97%	17.20%	19.82%	14.80%	32.68%	-19.79%
Tax Burden Percent	-11.73%	78.88%	94.70%	17.04%	87.44%	-8.28%	85.35%	79.83%	79.10%	82.57%	-37.15%
Interest Burden Percent	93.80%	100.76%	101.25%	87.29%	70.85%	91.93%	94.98%	95.97%	95.27%	98.38%	99.59%
Effective Tax Rate	111.54%	0.00%	0.00%	81.11%	12.16%	108.08%	14.32%	20.10%	20.71%	17.40%	19.29%
Return on Invested Capital (ROIC)	-0.77%	-18.08%	-41.18%	0.33%	0.83%	-0.22%	5.16%	7.26%	6.27%	13.21%	26.77%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.24%	-2.30%	-10.35%	0.07%	1.79%	-0.06%	6.82%	11.35%	12.79%	11.31%	55.01%
Return on Net Nonoperating Assets (RNNOA)	0.11%	0.19%	0.79%	0.00%	-0.07%	0.00%	-0.30%	-0.46%	-0.44%	-0.49%	-16.52%
Return on Equity (ROE)	-0.67%	-17.89%	-40.39%	0.32%	0.75%	-0.22%	4.86%	6.80%	5.83%	12.72%	10.25%
Cash Return on Invested Capital (CROIC)	-16.60%	-10.94%	-7.15%	5.69%	1.47%	0.34%	-4.99%	0.30%	1.46%	1.20%	83.98%
Operating Return on Assets (OROA)	4.16%	-20.95%	-41.55%	2.01%	0.79%	2.40%	4.21%	6.14%	5.09%	11.62%	17.49%
Return on Assets (ROA)	-0.46%	-16.65%	-39.83%	0.30%	0.49%	-0.18%	3.42%	4.71%	3.83%	9.44%	-6.47%
Return on Common Equity (ROCE)	-0.55%	-14.75%	-33.36%	0.25%	0.59%	-0.17%	3.82%	5.38%	4.63%	10.19%	8.26%
Return on Equity Simple (ROE_SIMPLE)	6.62%	0.00%	-16.48%	-20.31%	-19.80%	0.00%	1.89%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-8.94	-208	-263	2.03	7.94	-2.78	57	87	66	167	242
NOPAT Margin	-2.32%	-48.92%	-114.45%	1.10%	3.08%	-0.86%	18.10%	21.46%	17.12%	32.03%	41.67%
Net Nonoperating Expense Percent (NNEP)	0.46%	-15.78%	-30.83%	0.26%	-0.96%	-0.16%	-1.66%	-4.10%	-6.52%	1.90%	-28.24%
Return On Investment Capital (ROIC_SIMPLE)	-	-4.59%	-	-	-	-0.07%	1.34%	2.00%	1.49%	3.56%	5.39%
Cost of Revenue to Revenue	55.70%	51.55%	54.68%	52.25%	53.73%	47.42%	43.16%	40.19%	42.94%	36.04%	33.54%
SG&A Expenses to Revenue	4.55%	3.54%	5.59%	7.28%	7.39%	5.43%	7.55%	6.57%	10.43%	3.27%	6.61%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.20%	118.33%	208.81%	41.95%	42.76%	41.94%	35.72%	32.96%	35.46%	25.18%	14.83%
Earnings before Interest and Taxes (EBIT)	66	-333	-374	17	10	41	67	105	76	210	311
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	122	-266	-335	40	41	80	98	131	104	241	341
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.74	0.65	0.30	0.30	0.37	0.45	0.64	0.79	1.49	1.27	1.65
Price to Tangible Book Value (P/TBV)	0.76	0.65	0.30	0.30	0.37	0.45	0.64	0.79	1.49	1.27	1.65
Price to Revenue (P/Rev)	2.06	1.54	0.68	0.74	1.05	1.41	1.88	1.98	3.46	2.73	3.15
Price to Earnings (P/E)	12.60	0.00	0.00	0.00	0.00	0.00	24.00	15.66	22.52	11.24	25.93
Dividend Yield	2.12%	2.60%	6.28%	6.21%	4.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.94%	0.00%	0.00%	0.00%	0.00%	0.00%	4.17%	6.39%	4.44%	8.89%	3.86%
Enterprise Value to Invested Capital (EV/IC)	0.79	0.71	0.41	0.42	0.49	0.55	0.71	0.83	1.41	1.23	3.12
Enterprise Value to Revenue (EV/Rev)	2.63	1.99	1.12	1.31	1.72	2.10	2.57	2.49	3.92	3.10	3.25
Enterprise Value to EBITDA (EV/EBITDA)	7.39	100.87	0.00	0.00	0.00	0.00	10.82	9.29	13.59	8.82	7.93
Enterprise Value to EBIT (EV/EBIT)	12.75	0.00	0.00	0.00	0.00	0.00	20.63	14.51	19.40	11.05	9.32
Enterprise Value to NOPAT (EV/NOPAT)	17.27	0.00	0.00	0.00	0.00	0.00	46.81	22.40	27.71	13.39	11.64
Enterprise Value to Operating Cash Flow (EV/OCF)	10.19	6.75	3.39	5.64	12.70	52.04	27.77	9.64	14.20	10.72	9.43
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	6.88	31.31	157.27	0.00	281.38	98.48	106.66	2.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.05	0.05	0.06	0.06	0.06	0.07	0.07	0.07	0.07	0.09	0.01
Long-Term Debt to Equity	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.01	0.01	0.01	0.01
Financial Leverage	-0.09	-0.08	-0.08	-0.04	-0.04	-0.05	-0.04	-0.04	-0.03	-0.04	-0.30
Leverage Ratio	1.25	1.26	1.30	1.28	1.28	1.28	1.37	1.37	1.37	1.37	1.37
Compound Leverage Factor	1.17	1.27	1.31	1.11	0.90	1.18	1.30	1.31	1.30	1.34	1.37
Debt to Total Capital	4.73%	5.18%	5.49%	5.47%	6.03%	6.12%	6.12%	6.22%	6.38%	8.07%	1.47%
Short-Term Debt to Total Capital	0.02%	0.02%	0.02%	0.00%	0.26%	0.26%	0.26%	5.51%	5.43%	6.97%	0.00%
Long-Term Debt to Total Capital	4.71%	5.16%	5.47%	5.47%	5.76%	5.86%	5.87%	0.70%	0.95%	1.10%	1.47%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	20.28%	20.51%	20.64%	20.46%	20.19%	19.98%	19.59%	18.96%	18.46%	17.19%	17.75%
Common Equity to Total Capital	74.99%	74.31%	73.88%	74.08%	73.78%	73.90%	74.29%	74.83%	75.16%	74.75%	80.78%
Debt to EBITDA	0.49	8.33	-0.59	-0.52	-0.49	-1.47	1.01	0.78	0.68	0.66	0.09
Net Debt to EBITDA	-0.51	-9.87	0.68	0.36	0.22	0.91	-0.31	-0.48	-0.40	-0.34	-0.78
Long-Term Debt to EBITDA	0.49	8.29	-0.58	-0.52	-0.46	-1.40	0.97	0.09	0.10	0.09	0.09
Debt to NOPAT	1.15	-2.58	-0.60	-0.56	-0.55	-1.14	4.39	1.87	1.40	1.00	0.12
Net Debt to NOPAT	-1.20	3.05	0.69	0.38	0.25	0.71	-1.35	-1.16	-0.81	-0.52	-1.15
Long-Term Debt to NOPAT	1.14	-2.57	-0.60	-0.56	-0.53	-1.09	4.21	0.21	0.21	0.14	0.12
Altman Z-Score	2.02	1.60	0.63	0.89	1.00	1.12	1.18	1.39	2.19	2.13	3.55
Noncontrolling Interest Sharing Ratio	17.15%	17.53%	17.40%	21.64%	21.38%	21.46%	21.35%	20.91%	20.58%	19.93%	19.37%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.97	7.01	3.07	3.54	3.91	4.70	3.95	2.39	2.41	2.08	5.33
Quick Ratio	3.62	3.84	1.69	1.72	1.89	2.48	1.77	1.16	1.13	1.15	1.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-860	-539	-150	646	526	236	-192	-46	-79	-163	2,190
Operating Cash Flow to CapEx	285.01%	345.57%	72.37%	-204.66%	-4.12%	246.23%	186.36%	265.48%	95.97%	261.93%	297.76%
Free Cash Flow to Firm to Interest Expense	-210.77	-214.28	-32.20	306.84	178.83	70.99	-56.93	-10.93	-22.14	-48.11	1,724.17
Operating Cash Flow to Interest Expense	33.15	80.71	5.29	-37.12	-0.46	28.56	25.17	37.34	15.95	50.68	208.26
Operating Cash Flow Less CapEx to Interest Expense	21.52	57.36	-2.02	-55.25	-11.59	16.96	11.66	23.28	-0.67	31.33	138.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.27	0.26	0.22	0.20	0.19	0.20	0.24	0.26	0.29	0.33
Accounts Receivable Turnover	9.64	10.98	10.11	10.39	8.81	7.47	9.78	11.43	12.11	12.48	14.80
Inventory Turnover	1.53	1.58	1.48	1.23	1.13	1.05	1.04	1.10	1.14	1.33	1.33
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	15.79	13.86	13.19	16.38	14.48	15.20	14.50	19.34	18.21	18.30	18.15
Days Sales Outstanding (DSO)	37.88	33.23	36.09	35.13	41.43	48.87	37.32	31.93	30.15	29.25	24.67
Days Inventory Outstanding (DIO)	237.95	230.75	245.82	297.14	323.06	347.66	351.05	332.33	318.88	273.87	273.65
Days Payable Outstanding (DPO)	23.12	26.33	27.67	22.28	25.21	24.01	25.17	18.88	20.05	19.94	20.11
Cash Conversion Cycle (CCC)	252.71	237.65	254.25	309.99	339.28	372.52	363.20	345.38	328.99	283.18	278.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,354	4,026	3,674	3,785	3,836	3,787	3,924	3,918	3,982	4,117	1,976
Invested Capital Turnover	0.33	0.37	0.36	0.30	0.27	0.25	0.28	0.34	0.37	0.41	0.64
Increase / (Decrease) in Invested Capital	851	331	-114	-644	-518	-239	249	133	145	330	-1,947
Enterprise Value (EV)	3,432	2,847	1,505	1,608	1,884	2,088	2,785	3,241	5,606	5,059	6,167
Market Capitalization	2,693	2,194	909	911	1,148	1,408	2,030	2,583	4,952	4,450	5,978
Book Value per Share	$17.73	$16.54	$15.23	$15.28	$15.34	$15.35	$15.65	$16.08	$16.41	$17.28	$17.86
Tangible Book Value per Share	$17.49	$16.54	$15.23	$15.28	$15.34	$15.35	$15.65	$16.08	$16.41	$17.28	$17.86
Total Capital	4,821	4,539	4,168	4,169	4,202	4,204	4,265	4,356	4,427	4,693	4,495
Total Debt	228	235	229	228	253	257	261	271	282	379	66
Total Long-Term Debt	227	234	228	228	242	246	250	31	42	51	66
Net Debt	-239	-278	-264	-156	-113	-160	-80	-168	-163	-197	-608
Capital Expenditures (CapEx)	47	59	34	38	33	39	46	59	60	66	89
Debt-free, Cash-free Net Working Capital (DFCFNWC)	526	513	238	349	387	404	435	468	500	420	2,306
Debt-free Net Working Capital (DFNWC)	993	1,027	730	733	753	821	776	907	945	996	2,980
Net Working Capital (NWC)	992	1,026	729	733	742	810	765	667	705	669	2,980
Net Nonoperating Expense (NNE)	-1.69	56	95	-0.44	1.69	0.36	2.86	6.64	8.98	-3.38	358
Net Nonoperating Obligations (NNO)	-239	-278	-264	-156	-113	-160	-80	-168	-163	-197	-2,452
Total Depreciation and Amortization (D&A)	56	66	38	23	30	38	31	26	28	31	30
Debt-free, Cash-free Net Working Capital to Revenue	40.21%	35.99%	17.72%	28.45%	35.22%	40.56%	40.19%	35.94%	34.94%	25.80%	121.69%
Debt-free Net Working Capital to Revenue	75.93%	71.96%	54.38%	59.80%	68.52%	82.48%	71.74%	69.60%	66.06%	61.12%	157.28%
Net Working Capital to Revenue	75.86%	71.90%	54.31%	59.80%	67.52%	81.37%	70.72%	51.17%	49.27%	41.04%	157.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.07	($1.06)	($1.42)	$0.05	$0.05	$0.03	$0.29	$0.44	$0.32	$0.90	$0.00
Adjusted Weighted Average Basic Shares Outstanding	203.89M	202.46M	202.09M	202.10M	202.37M	202.39M	202.42M	202.77M	202.78M	202.75M	205.62M
Adjusted Diluted Earnings per Share	$0.07	($1.04)	($1.42)	$0.05	$0.05	$0.03	$0.28	$0.42	$0.31	$0.84	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	203.89M	202.46M	202.09M	202.10M	202.37M	202.39M	216.55M	216.99M	217.46M	217.03M	217.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	203.89M	202.46M	202.09M	202.10M	202.37M	202.39M	202.78M	202.78M	203.00M	203.33M	207.49M
Normalized Net Operating Profit after Tax (NOPAT)	56	78	-184	7.50	8.26	24	57	87	66	167	242
Normalized NOPAT Margin	14.55%	18.27%	-79.72%	4.06%	3.21%	7.45%	18.10%	21.46%	17.12%	32.03%	41.67%
Pre Tax Income Margin	16.03%	-78.69%	-164.28%	7.82%	2.78%	11.72%	20.15%	24.83%	18.71%	39.58%	53.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.14	-132.15	-80.25	7.87	3.43	12.39	19.94	24.82	21.14	61.83	245.06
NOPAT to Interest Expense	-2.19	-82.77	-56.61	0.96	2.70	-0.84	17.01	20.58	18.44	49.23	190.90
EBIT Less CapEx to Interest Expense	4.51	-155.50	-87.56	-10.27	-7.70	0.79	6.43	10.75	4.52	42.48	175.12
NOPAT Less CapEx to Interest Expense	-13.82	-106.13	-63.92	-17.17	-8.43	-12.43	3.50	6.52	1.82	29.88	120.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	24.05%	-47.97%	-8.52%	-4.60%	-2.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	42.98%	-94.81%	-20.53%	-7.93%	-5.76%	-2.79%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for SSR MINING INC. (SSRM) from the latest four years of quarterly statements, focusing on trends in revenue, profitability, cash flow, and the balance sheet.

Revenue growth and margin expansion in Q4 2025: Operating revenue was $521.7M, up from $323.2M in Q4 2024. Gross profit reached $333.7M, yielding a gross margin of about 64% (vs roughly 40% in Q4 2022), indicating improved profitability on each dollar of revenue.
Strong quarterly earnings per share in Q4 2025: Net income attributable to common shareholders was $181.5M, with basic EPS of $0.90 and diluted EPS of $0.84, marking a meaningful improvement versus prior-year quarters.
Operating cash flow remains healthy and rising: Net cash from continuing operating activities in Q4 2025 was $172.1M, and the net change in cash was +$125.5M, signaling improving liquidity.
Balance sheet capitalization supports liquidity: Total equity and noncontrolling interests stood around $4.144B in the latest quarter (Q3 2025), up from about $3.939B at end-2024, indicating stronger capitalization. Total assets were about $5.91B (Q3 2025), with total liabilities around $1.76B, implying a solid balance sheet base.
Solid cash on hand through 2025: Cash & equivalents were approximately $320M in Q1 2025, about $412M in Q2 2025, and roughly $409M in Q3 2025, providing liquidity for operations and future capex.
Year-over-year revenue trend with a 2024 dip: Four-year view shows Q4 revenue of $306.4M (2022), then $425.9M (2023), $323.2M (2024), and $521.7M (2025). This reflects growth overall with a mid-cycle dip in 2024 before a strong rebound in 2025.
Quarterly cash flow volatility persists: Q1 2025 net change in cash was negative (~$68.3M), Q2 2025 was positive (~$92.5M), Q3 2025 was slightly negative (~$2.8M), and Q4 2025 turned positive again (~$125.5M). This suggests seasonality but an overall improvement in late 2025.
Ongoing investing cash outflows: In Q4 2025, net cash from continuing investing activities was −$53.34M, consistent with capital spending and asset acquisitions that reduce near-term cash despite improving profitability.
Moderate leverage with manageable debt: Long-term debt remains relatively modest (e.g., about $42M in mid-2025 quarters), contributing to a conservative balance-sheet risk profile amid improving earnings.

05/21/26 03:23 AM ETAI Generated. May Contain Errors.

Silver Standard Resources Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Silver Standard Resources' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Over the last 9 years, Silver Standard Resources' net income changed from $64.96 million in 2016 to $362.42 million in 2025, a change of 457.9%. Check out Silver Standard Resources' forecast to explore projected trends and price targets.

Silver Standard Resources' total operating income in 2025 was $461.44 million, based on the following breakdown:

Total Gross Profit: $976.33 million
Total Operating Expenses: $514.89 million

Over the last 9 years, Silver Standard Resources' total revenue changed from $490.99 million in 2016 to $1.63 billion in 2025, a change of 231.9%.

Silver Standard Resources' total liabilities were at $1.78 billion at the end of 2025, a 43.3% increase from 2024, and a 231.5% increase since 2016.

In the past 9 years, Silver Standard Resources' cash and equivalents has ranged from $327.13 million in 2016 to $1.02 billion in 2021, and is currently $524.75 million as of their latest financial filing in 2025.

Over the last 9 years, Silver Standard Resources' book value per share changed from 0.00 in 2016 to 17.28 in 2025, a change of 1,728.0%.

Related Companies

Financial statements for NASDAQ:SSRM last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Silver Standard Resources (SSRM) Financials

Financials Breakdown Chart

Key Financial Trends

Silver Standard Resources Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Silver Standard Resources (SSRM) Financials

Annual Income Statements for Silver Standard Resources

Quarterly Income Statements for Silver Standard Resources

Annual Cash Flow Statements for Silver Standard Resources

Quarterly Cash Flow Statements for Silver Standard Resources

Annual Balance Sheets for Silver Standard Resources

Quarterly Balance Sheets for Silver Standard Resources

Annual Metrics And Ratios for Silver Standard Resources

Quarterly Metrics And Ratios for Silver Standard Resources

Financials Breakdown Chart

Key Financial Trends

Silver Standard Resources Financials - Frequently Asked Questions

When does Silver Standard Resources' financial year end?

How has Silver Standard Resources' net income changed over the last 9 years?

What is Silver Standard Resources' operating income?

How has Silver Standard Resources' revenue changed over the last 9 years?

How much debt does Silver Standard Resources have?

How much cash does Silver Standard Resources have?

How has Silver Standard Resources' book value per share changed over the last 9 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools