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Hycroft Mining (HYMCW) Financials

Hycroft Mining logo
$52.00 0.00 (0.00%)
As of 10/28/2026
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Annual Income Statements for Hycroft Mining

Annual Income Statements for Hycroft Mining

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

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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		 1.68 -99 -136 -89 -61 -55 -61 -41
Consolidated Net Income / (Loss)		 1.68 -99 -136 -89 -61 -55 -61 -41
Net Income / (Loss) Continuing Operations		 1.68 -99 -136 -89 -61 -55 -61 -41
Total Pre-Tax Income 		2.24 -99 -136 -90 -61 -55 -61 -41
Total Operating Income		 -0.61 -34 -89 -84 -53 -45 -44 -44
Total Gross Profit		 0.00 -17 -63 -53 -20 -11 -9.89 -15
Total Revenue		 0.00 14 47 111 33 0.00 0.00 0.00
Total Cost of Revenue		 0.00 31 110 163 54 11 9.89 15
Operating Cost of Revenue		 - 31 110 163 54 11 9.89 15
Total Operating Expenses		 0.61 17 27 31 33 34 34 30
Selling, General & Admin Expense		 0.61 6.07 21 15 14 13 14 14
Exploration Expense		 - - - 14 - - - 15
Depreciation Expense		 - 1.07 - - 0.00 3.31 2.23 2.02
Other Operating Expenses / (Income)		 - 2.07 0.37 1.32 0.41 -1.80 -2.29 -1.38
Total Other Income / (Expense), net		 2.84 -65 -47 -6.17 -7.34 -10 -17 3.80
Interest Expense		 - 65 43 21 13 18 20 11
Interest & Investment Income		 2.84 0.80 0.20 0.00 2.31 8.28 4.42 4.39
Other Income / (Expense), net		 - -0.91 -3.77 14 3.79 0.18 -1.52 10
Basic Earnings per Share		 $0.00 ($327.95) ($3.92) ($1.47) ($3.58) ($2.61) ($2.63) ($0.94)
Weighted Average Basic Shares Outstanding		 0.00 301.56K 34.83M 60.10M 16.98M 21.11M 23.18M 43.26M
Diluted Earnings per Share		 $0.00 ($327.95) ($3.92) ($1.47) ($3.58) ($2.61) ($2.63) ($0.94)
Weighted Average Diluted Shares Outstanding		 0.00 301.56K 34.83M 60.10M 16.98M 21.11M 23.18M 43.26M
Weighted Average Basic & Diluted Shares Outstanding		 0.00 301.56K 34.83M 196.80M 200.27M 21.01M 24.98M 91.04M

Quarterly Income Statements for Hycroft Mining

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026 9/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -21 -13 -14 -13 -12 -12 -9.38 -7.79 -48 -21 -26
Consolidated Net Income / (Loss)		 -21 -13 -14 -13 -12 -12 -9.38 -7.79 -48 -21 -26
Net Income / (Loss) Continuing Operations		 -21 -13 -14 -13 -12 -12 -9.38 -7.79 -48 -21 -26
Total Pre-Tax Income 		-21 -13 -14 -13 -12 -12 -9.38 -7.79 -48 -21 -26
Total Operating Income		 -12 -11 -12 -2.30 -9.22 -9.32 -7.26 -19 -50 -23 -28
Total Gross Profit		 -2.58 -2.49 -2.11 -5.03 -2.48 -2.67 -2.53 -6.98 -5.44 -3.88 -3.91
Total Revenue		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00
Total Cost of Revenue		 2.58 2.49 2.11 5.03 2.48 2.67 2.53 6.98 5.44 3.88 3.91
Operating Cost of Revenue		 2.58 2.49 2.11 5.03 2.48 2.67 2.53 6.98 5.44 3.88 3.91
Total Operating Expenses		 9.34 8.04 9.63 -2.73 6.74 6.64 4.73 12 45 19 24
Selling, General & Admin Expense		 2.91 3.91 4.41 3.25 2.93 3.48 2.56 5.50 34 15 17
Research & Development Expense		 4.90 5.05 4.67 - 3.00 2.34 - - 9.65 8.55 8.33
Depreciation Expense		 0.62 0.57 0.52 1.06 0.53 0.50 0.50 0.48 0.39 0.30 0.30
Other Operating Expenses / (Income)		 2.22 2.27 2.67 -2.53 0.28 0.32 -2.34 0.30 0.42 -5.43 -0.98
Total Other Income / (Expense), net		 -8.82 -2.65 -2.50 -10 -2.54 -2.42 -2.12 11 1.78 1.75 2.10
Interest Expense		 10 3.22 3.29 3.34 3.39 3.48 3.56 0.60 0.00 0.00 0.00
Interest & Investment Income		 1.30 1.06 1.03 1.04 0.71 0.69 1.13 1.85 1.90 1.79 2.11
Other Income / (Expense), net		 0.00 -0.49 -0.23 -8.14 0.14 0.37 0.32 9.62 -0.12 -0.04 -0.01
Basic Earnings per Share		 ($1.00) ($0.57) ($0.59) ($0.55) ($0.47) ($0.43) ($0.22) ($0.18) ($0.54) ($0.23) ($0.28)
Weighted Average Basic Shares Outstanding		 20.81M 22.98M 24.06M 23.18M 24.95M 27.58M 42.45M 43.26M 89.74M 91.50M 93.17M
Diluted Earnings per Share		 ($1.00) ($0.57) ($0.59) ($0.55) ($0.47) ($0.43) ($0.22) ($0.18) ($0.54) ($0.23) ($0.28)
Weighted Average Diluted Shares Outstanding		 20.81M 22.98M 24.06M 23.18M 24.95M 27.58M 42.45M 43.26M 89.74M 91.50M 93.17M
Weighted Average Basic & Diluted Shares Outstanding		 23.06M 24.02M 24.75M 24.98M 24.98M 39.16M 80.97M 91.04M 91.36M 93.18M 93.18M

Annual Cash Flow Statements for Hycroft Mining

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

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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		 0.51 -3.89 47 -49 129 -43 -55 127
Net Cash From Operating Activities		 -0.45 -60 -111 -37 -35 -41 -36 -83
Net Cash From Continuing Operating Activities		 -0.45 -60 -111 -37 -35 -41 -36 -83
Net Income / (Loss) Continuing Operations		 1.68 -99 -136 -89 -61 -55 -61 -41
Consolidated Net Income / (Loss)		 1.68 -99 -136 -89 -61 -55 -61 -41
Depreciation Expense		 - 2.08 5.85 8.43 3.36 2.81 2.23 2.02
Amortization Expense		 - 0.00 - - - 12 18 9.32
Non-Cash Adjustments To Reconcile Net Income		 -2.84 74 71 22 13 -0.78 2.44 -55
Changes in Operating Assets and Liabilities, net		 0.70 -37 -51 21 9.67 -0.71 2.15 1.56
Net Cash From Investing Activities		 -210 -12 -31 -6.87 8.34 -0.51 6.33 4.13
Net Cash From Continuing Investing Activities		 -210 -12 -31 -6.87 8.34 -0.51 6.33 4.13
Purchase of Property, Plant & Equipment		 - -12 -33 -6.99 -0.95 -1.07 -1.25 -0.56
Sale of Property, Plant & Equipment		 - 0.00 2.32 0.12 9.29 0.56 7.58 4.69
Net Cash From Financing Activities		 211 68 189 -5.49 156 -1.46 -26 206
Net Cash From Continuing Financing Activities		 211 68 189 -5.49 156 -1.46 -26 206
Repayment of Debt		 -0.54 -3.66 -150 -5.49 -33 -2.33 -38 -80
Issuance of Common Equity		 212 0.00 184 0.00 189 1.14 12 286

Quarterly Cash Flow Statements for Hycroft Mining

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026 9/30/2026
Net Change in Cash & Equivalents		 -48 1.28 -2.41 -6.02 -9.63 31 69 37 7.44 23 -9.22
Net Cash From Operating Activities		 -12 -8.60 -7.47 -8.10 -9.70 -9.02 -3.44 -61 -31 -13 -7.66
Net Cash From Continuing Operating Activities		 -12 -8.60 -7.47 -8.10 -9.70 -9.02 -3.44 -61 -31 -13 -7.66
Net Income / (Loss) Continuing Operations		 -21 -13 -14 -13 -12 -12 -9.38 -7.79 -48 -21 -26
Consolidated Net Income / (Loss)		 -21 -13 -14 -13 -12 -12 -9.38 -7.79 -48 -21 -26
Depreciation Expense		 0.62 0.57 0.52 0.53 0.53 0.50 0.50 0.49 0.39 0.30 0.30
Non-Cash Adjustments To Reconcile Net Income		 1.60 -0.19 1.29 -17 0.68 0.60 -2.28 -54 20 7.65 12
Changes in Operating Assets and Liabilities, net		 -2.81 1.43 2.10 3.38 -2.15 -1.46 4.55 0.61 -3.10 0.05 6.32
Net Cash From Investing Activities		 0.25 1.02 4.87 0.19 -0.11 -0.22 0.58 3.88 -0.51 0.35 -0.59
Net Cash From Continuing Investing Activities		 0.25 1.02 4.87 0.19 -0.11 -0.22 0.58 3.88 -0.51 0.35 -0.59
Purchase of Property, Plant & Equipment		 -0.03 -0.42 -0.53 -0.27 -0.17 -0.23 -0.05 -0.12 -0.58 -0.27 -0.61
Sale of Property, Plant & Equipment		 0.27 1.45 5.40 1.91 0.06 0.01 0.63 3.99 0.07 - 0.02
Net Cash From Financing Activities		 -37 8.86 0.19 1.89 0.18 41 71 94 39 36 -0.98
Net Cash From Continuing Financing Activities		 -37 8.86 0.19 1.89 0.18 41 71 94 39 36 -0.98
Issuance of Common Equity		 1.16 8.89 0.23 2.30 0.22 41 71 174 43 36 0.01
Other Financing Activities, net		 - - - - 0.00 - - - -4.20 - -0.99

Annual Balance Sheets for Hycroft Mining

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

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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		 0.19 214 135 233 142 249 202 140 263
Total Current Assets		 0.02 0.59 39 112 37 152 114 55 187
Cash & Equivalents		 0.02 0.54 6.22 56 12 142 106 50 182
Short-Term Investments		 - - - - - - 0.00 0.45 0.78
Accounts Receivable		 - - 0.10 0.43 0.00 2.77 - 0.37 0.61
Inventories, net		 - - 4.45 13 11 2.81 1.83 1.35 1.42
Prepaid Expenses		 - 0.05 2.65 4.30 2.34 2.84 3.33 2.86 2.95
Plant, Property, & Equipment, net		 0.00 0.00 32 60 58 55 53 57 53
Total Noncurrent Assets		 0.17 213 64 60 46 41 35 28 22
Other Noncurrent Operating Assets		 0.17 213 64 60 35 34 28 28 22
Total Liabilities & Shareholders' Equity		 0.19 214 135 233 142 249 202 140 263
Total Liabilities		 0.17 8.04 574 216 211 186 189 174 49
Total Current Liabilities		 0.17 0.76 569 22 31 12 12 5.79 7.73
Current Deferred Revenue		 - - - 0.12 0.13 1.05 - - 0.00
Other Current Liabilities		 - - 3.94 4.16 5.04 3.01 3.17 5.74 7.73
Total Noncurrent Liabilities		 0.00 7.28 4.39 194 180 174 177 168 42
Asset Retirement Reserve & Litigation Obligation		 - - 4.37 4.79 5.19 10 4.80 13 12
Noncurrent Deferred Revenue		 - - - - - 30 - - 30
Other Noncurrent Operating Liabilities		 - 7.28 0.02 47 31 0.79 30 30 0.01
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 0.02 5.00 -439 17 -68 63 13 -33 214
Total Preferred & Common Equity		 0.02 5.00 -439 17 -68 63 13 -33 214
Total Common Equity		 0.02 5.00 -439 17 -68 63 13 -33 214
Common Stock		 0.03 3.32 5.19 537 541 733 738 753 1,040
Retained Earnings		 -0.00 1.68 -444 -521 -609 -670 -725 -786 -827

Quarterly Balance Sheets for Hycroft Mining

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

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026 9/30/2026
Total Assets		 223 212 153 155 149 129 162 231 270 293 285
Total Current Assets		 126 115 65 67 64 44 75 145 194 226 217
Cash & Equivalents		 117 107 58 59 56 40 69 139 189 221 211
Short-Term Investments		 - - - 0.43 0.71 0.74 1.11 0.80 0.66 0.00 0.00
Accounts Receivable		 0.00 0.00 0.20 - 0.01 - 0.27 0.45 0.63 0.30 0.38
Inventories, net		 2.79 2.81 1.71 1.77 1.45 1.30 1.31 1.32 1.46 1.60 1.71
Prepaid Expenses		 4.23 3.67 3.99 4.59 4.28 1.95 3.34 3.78 2.44 3.11 3.39
Plant, Property, & Equipment, net		 54 54 52 52 52 57 57 56 53 53 53
Total Noncurrent Assets		 42 42 34 36 32 28 31 28 23 14 15
Other Noncurrent Operating Assets		 35 35 27 28 27 28 31 28 23 14 15
Total Liabilities & Shareholders' Equity		 223 212 153 155 149 129 162 231 270 293 285
Total Liabilities		 185 189 159 165 172 174 177 183 46 42 47
Total Current Liabilities		 7.00 8.46 6.01 9.20 9.58 2.72 2.90 7.64 4.21 5.75 16
Current Deferred Revenue		 1.15 1.15 0.11 - 0.00 - - 3.90 - 0.75 4.15
Other Current Liabilities		 1.80 2.44 4.09 7.05 6.32 0.18 0.18 0.02 4.21 5.00 12
Total Noncurrent Liabilities		 178 181 153 156 163 171 175 175 42 36 31
Asset Retirement Reserve & Litigation Obligation		 11 11 6.54 6.95 11 13 14 11 12 6.65 1.18
Noncurrent Deferred Revenue		 30 30 30 - 30 - - 30 - 30 30
Other Noncurrent Operating Liabilities		 0.08 0.04 0.02 30 0.01 30 30 0.02 30 0.00 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 38 23 -6.26 -9.73 -23 -45 -15 47 224 251 238
Total Preferred & Common Equity		 38 23 -6.26 -9.73 -23 -45 -15 47 224 251 238
Total Common Equity		 38 23 -6.26 -9.73 -23 -45 -15 47 224 251 238
Common Stock		 736 736 740 749 750 753 794 866 1,099 1,147 1,159
Retained Earnings		 -698 -714 -746 -759 -773 -798 -810 -819 -875 -896 -922

Annual Metrics And Ratios for Hycroft Mining

This table displays calculated financial ratios and metrics derived from Hycroft Mining's official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - 80,965,791.00
DEI Adjusted Shares Outstanding		 - - - - - - - 80,965,791.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - -0.50
Growth Metrics		 - - - - - - - -
Profitability Metrics		 - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -0.46 -24 -63 -59 -37 -32 -31 -31
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - -19.99% -33.50% -14.57%
Earnings before Interest and Taxes (EBIT)		 -0.61 -35 -93 -69 -50 -45 -45 -34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.61 -33 -87 -61 -46 -30 -25 -23
Valuation Ratios		 - - - - - - - -
Leverage & Solvency		 - - - - - - - -
Liquidity Ratios		 - - - - - - - -
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 75 -65 -19 -18 -27 -22 -21
Efficiency Ratios		 - - - - - - - -
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 205 106 108 68 49 44 36 31
Increase / (Decrease) in Invested Capital		 0.00 -99 1.97 -40 -19 -4.35 -8.37 -10
Book Value per Share		 $0.19 ($16.89) $0.28 ($1.13) $0.32 $0.06 ($1.35) $2.64
Tangible Book Value per Share		 $0.19 ($16.89) $0.28 ($1.13) $0.32 $0.06 ($1.35) $2.64
Total Capital		 205 115 164 92 198 158 92 214
Total Debt		 0.00 554 148 160 135 145 125 0.00
Total Long-Term Debt		 0.00 0.00 143 144 133 143 125 0.00
Net Debt		 -0.54 544 91 148 -6.97 39 75 -183
Capital Expenditures (CapEx)		 0.00 12 31 6.87 -8.34 0.51 -6.33 -4.13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.70 14 39 10 0.70 -2.06 -1.15 -2.76
Debt-free Net Working Capital (DFNWC)		 -0.17 23 95 23 143 104 49 180
Net Working Capital (NWC)		 -0.17 -531 90 6.12 140 102 49 180
Net Nonoperating Expense (NNE)		 -2.14 75 74 30 23 24 30 9.54
Net Nonoperating Obligations (NNO)		 -0.54 545 91 136 -15 32 69 -183
Total Depreciation and Amortization (D&A)		 0.00 2.08 5.85 8.43 3.36 15 20 11
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($14.70) ($3.60) ($2.61) ($2.63) ($0.94)
Adjusted Weighted Average Basic Shares Outstanding		 2.60M 1.21M 0.00 6.01M 16.98M 21.11M 23.18M 43.26M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($14.70) ($3.60) ($2.61) ($2.63) ($0.94)
Adjusted Weighted Average Diluted Shares Outstanding		 2.60M 1.21M 0.00 6.01M 16.98M 21.11M 23.18M 43.26M
Adjusted Basic & Diluted Earnings per Share		 $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 0.00 0.00 19.68M 20.03M 21.01M 24.98M 91.04M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.46 -24 -59 -57 -37 -32 -37 -31
Debt Service Ratios		 - - - - - - - -
Payout Ratios		 - - - - - - - -

Quarterly Metrics And Ratios for Hycroft Mining

This table displays calculated financial ratios and metrics derived from Hycroft Mining's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026 9/30/2026
DEI Shares Outstanding		 - - - - - - - 80,965,791.00 91,036,037.00 91,360,601.00 93,181,681.00
DEI Adjusted Shares Outstanding		 - - - - - - - 80,965,791.00 91,036,037.00 91,360,601.00 93,181,681.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - -0.10 -0.53 -0.23 -0.28
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
EBITDA Growth		 84.13% 28.94% 30.67% -21.70% -227.22% 30.02% 61.80% - -796.78% -314.14% -751.94%
EBIT Growth		 -4.53% 4.24% 8.76% -18.58% 23.83% 18.83% 41.97% - -452.37% -151.96% -306.93%
NOPAT Growth		 -3.43% 8.97% 13.56% 72.42% 22.69% 11.54% 38.13% - -442.89% -141.57% -289.18%
Net Income Growth		 -49.18% 5.10% 9.45% -10.64% 43.33% 10.95% 34.10% - -310.64% -76.79% -178.85%
EPS Growth		 -44.93% 17.39% 24.36% 0.00% 53.00% 24.56% 62.71% - -14.89% 46.51% -27.27%
Operating Cash Flow Growth		 -33.06% 36.85% 21.33% 14.94% 17.37% -4.94% 53.97% - -222.99% -41.29% -122.59%
Free Cash Flow Firm Growth		 -1,109.54% 36.97% 320.11% 553.12% -14.65% -427.91% -277.58% - -407.92% 98.65% 47.74%
Invested Capital Growth		 -8.01% -19.94% -26.95% -18.92% -2.95% 8.88% 11.98% - -20.70% -34.02% -36.02%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 79.16% -352.09% -11.95% 13.39% 43.97% 3.31% 38.89% - -487.24% 55.35% -25.71%
EBIT Q/Q Growth		 -35.51% 7.61% -8.58% 12.77% 12.95% 1.54% 22.38% - -454.45% 55.09% -25.36%
NOPAT Q/Q Growth		 -42.99% 11.72% -11.41% 83.57% -300.78% -1.01% 22.08% - -168.11% 55.05% -25.53%
Net Income Q/Q Growth		 -80.21% 36.48% -7.95% 10.47% 7.69% 0.19% 20.12% - -519.70% 57.03% -26.00%
EPS Q/Q Growth		 -81.82% 43.00% -3.51% 6.78% 14.55% 8.51% 48.84% - -200.00% 57.41% -21.74%
Operating Cash Flow Q/Q Growth		 -23.28% 26.72% 13.11% -8.35% -19.77% 6.93% 61.89% - 48.43% 59.29% 39.96%
Free Cash Flow Firm Q/Q Growth		 -200.76% 169.73% 70.58% 80.35% -176.10% -99.43% 7.62% - -834.86% 99.47% -3,480.13%
Invested Capital Q/Q Growth		 0.21% -4.93% -12.85% -2.36% 19.96% 6.67% -10.37% - 9.57% -11.25% -13.09%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Tax Burden Percent		 100.00% 100.00% 100.00% 99.99% 100.00% 100.00% 100.00% - 100.00% 100.00% 100.00%
Interest Burden Percent		 173.95% 119.60% 118.91% 122.07% 129.43% 131.21% 135.04% - 96.22% 92.07% 92.54%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -279.42% -438.65% 21,503.06% 586.69% 204.51% 403.87% -374.61% - -86.11% -73.18% -72.25%
Cash Return on Invested Capital (CROIC)		 -60.35% -43.37% -37.28% -55.68% -62.89% -71.94% -74.99% - -131.71% -140.02% -204.04%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -279.42% -438.65% 21,503.06% 586.69% 204.51% 403.87% -374.61% - -86.11% -73.18% -72.25%
Return on Equity Simple (ROE_SIMPLE)		 989.03% 0.00% 0.00% 0.00% 116.63% 0.00% 0.00% - 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -8.35 -7.37 -8.21 -1.61 -6.46 -6.52 -5.08 -13 -35 -16 -20
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 51.39% 17.36% 13.74% 22.06% 7.68% 9.23% 16.05% - -25.93% -6.27% -5.86%
Return On Investment Capital (ROIC_SIMPLE)		 -7.57% -6.73% -8.30% -1.76% -7.73% -5.63% -2.80% -6.12% -15.66% -6.28% -8.32%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
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		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -12 -11 -12 -10 -9.09 -8.95 -6.94 -9.05 -50 -23 -28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.70 -7.67 -8.59 -9.91 -5.55 -5.37 -3.28 -8.48 -50 -22 -28
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 5.11 - 14.32 8.52 7.47
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 5.11 - 14.32 8.52 7.47
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.38 2.71 3.40 3.62 3.92 3.04 5.76 - 88.35 63.31 59.38
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -18.63 -12.26 -5.28 -3.74 -2.88 -8.59 2.83 - 0.00 0.00 0.00
Long-Term Debt to Equity		 -18.61 -12.25 -5.27 -3.74 -2.87 -8.59 2.83 - 0.00 0.00 0.00
Financial Leverage		 1.09 2.40 -157.81 -4.86 -2.72 -4.52 2.20 - -0.57 -0.68 -0.76
Leverage Ratio		 8.76 13.56 -650.15 -16.47 -5.55 -12.71 15.59 - 2.23 1.93 1.81
Compound Leverage Factor		 15.24 16.22 -773.12 -20.10 -7.19 -16.68 21.05 - 2.14 1.78 1.67
Debt to Total Capital		 105.67% 108.88% 123.37% 136.49% 153.33% 113.18% 73.86% - 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.12% 0.10% 0.08% 0.06% 0.03% 0.02% 0.02% - 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 105.55% 108.79% 123.29% 136.43% 153.29% 113.16% 73.85% - 0.00% 0.00% 0.00%
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -5.67% -8.88% -23.37% -36.49% -53.33% -13.18% 26.14% - 100.00% 100.00% 100.00%
Debt to EBITDA		 -5.61 -2.82 -2.95 -5.01 -4.44 -4.95 -6.33 - 0.00 0.00 0.00
Net Debt to EBITDA		 -2.84 -1.40 -1.57 -3.01 -3.04 -2.31 0.27 - 0.00 0.00 0.00
Long-Term Debt to EBITDA		 -5.60 -2.82 -2.95 -5.01 -4.44 -4.95 -6.33 - 0.00 0.00 0.00
Debt to NOPAT		 -3.67 -3.84 -4.10 -4.07 -4.45 -4.69 -5.41 - 0.00 0.00 0.00
Net Debt to NOPAT		 -1.86 -1.90 -2.18 -2.44 -3.04 -2.19 0.23 - 0.00 0.00 0.00
Long-Term Debt to NOPAT		 -3.66 -3.84 -4.10 -4.07 -4.45 -4.69 -5.41 - 0.00 0.00 0.00
Altman Z-Score		 -6.46 -6.42 -6.88 -7.49 -8.21 -6.38 -3.56 - 37.40 26.73 18.62
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 10.89 7.30 6.69 9.42 16.17 25.80 19.04 - 46.19 39.21 13.54
Quick Ratio		 9.68 6.45 5.93 8.63 14.85 24.20 18.37 - 45.26 38.39 13.22
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4.49 3.13 5.34 6.76 -5.15 -10 -9.48 -2.83 -26 -0.14 -4.95
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% -8,504.39% -4,196.74% 0.00% - -6,164.17% -4,704.43% -1,308.55%
Free Cash Flow to Firm to Interest Expense		 -0.44 0.97 1.62 2.02 -1.52 -2.95 -2.66 - 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -1.16 -2.67 -2.27 -2.42 -2.86 -2.59 -0.96 - 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -1.14 -2.35 -0.79 -1.93 -2.90 -2.66 -0.80 - 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Inventory Turnover		 4.27 5.26 6.63 5.87 6.14 6.12 7.13 - 12.74 12.93 13.34
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Accounts Payable Turnover		 3.04 6.38 4.93 1.58 4.39 3.98 2.87 - 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 85.49 69.42 55.08 62.19 59.47 59.66 51.17 - 28.65 28.23 27.36
Days Payable Outstanding (DPO)		 119.98 57.22 74.08 230.30 83.05 91.80 127.34 - 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 44 42 37 36 43 46 41 31 34 30 26
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -3.86 -11 -14 -8.37 -1.31 3.74 4.40 -10 -8.91 -16 -15
Enterprise Value (EV)		 105 114 125 130 168 139 237 - 3,015 1,917 1,563
Market Capitalization		 46 55 60 55 81 78 243 - 3,204 2,138 1,774
Book Value per Share		 ($0.30) ($0.42) ($0.96) ($1.35) ($1.78) ($0.61) $1.21 $2.64 $2.46 $2.75 $2.55
Tangible Book Value per Share		 ($0.30) ($0.42) ($0.96) ($1.35) ($1.78) ($0.61) $1.21 $2.64 $2.46 $2.75 $2.55
Total Capital		 110 110 99 92 83 116 182 214 224 251 238
Total Debt		 117 119 122 125 128 131 134 0.00 0.00 0.00 0.00
Total Long-Term Debt		 116 119 122 125 128 131 134 0.00 0.00 0.00 0.00
Net Debt		 59 59 65 75 88 61 -5.70 -183 -190 -221 -211
Capital Expenditures (CapEx)		 -0.25 -1.02 -4.87 -1.64 0.11 0.22 -0.58 -3.88 0.51 0.27 0.59
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 2.01 -0.85 -1.92 -1.15 0.89 2.05 -2.06 -2.76 0.33 -0.74 -11
Debt-free Net Working Capital (DFNWC)		 60 58 55 49 41 72 138 180 190 220 201
Net Working Capital (NWC)		 59 58 55 49 41 72 138 180 190 220 201
Net Nonoperating Expense (NNE)		 12 5.81 6.02 11 5.30 5.22 4.30 -5.28 13 5.00 6.37
Net Nonoperating Obligations (NNO)		 51 52 60 69 88 61 -6.35 -183 -190 -221 -211
Total Depreciation and Amortization (D&A)		 10 3.35 3.38 0.53 3.53 3.58 3.66 0.57 0.39 0.30 0.30
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.00) ($0.57) ($0.59) ($0.55) ($0.47) ($0.43) ($0.22) ($0.18) ($0.54) ($0.23) ($0.28)
Adjusted Weighted Average Basic Shares Outstanding		 20.81M 22.98M 24.06M 23.18M 24.95M 27.58M 42.45M 43.26M 89.74M 91.50M 93.17M
Adjusted Diluted Earnings per Share		 ($1.00) ($0.57) ($0.59) ($0.55) ($0.47) ($0.43) ($0.22) ($0.18) ($0.54) ($0.23) ($0.28)
Adjusted Weighted Average Diluted Shares Outstanding		 20.81M 22.98M 24.06M 23.18M 24.95M 27.58M 42.45M 43.26M 89.74M 91.50M 93.17M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.55) $0.00 $0.00 $0.00 ($0.18) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 23.06M 24.02M 24.75M 24.98M 24.98M 39.16M 80.97M 91.04M 91.36M 93.18M 93.18M
Normalized Net Operating Profit after Tax (NOPAT)		 -9.27 -10.00 -10 -1.61 -6.50 -6.53 -5.08 -13 -35 -16 -20
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -1.18 -3.42 -3.63 -3.12 -2.68 -2.57 -1.95 - 0.00 0.00 0.00
NOPAT to Interest Expense		 -0.83 -2.29 -2.49 -0.48 -1.91 -1.87 -1.43 - 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -1.15 -3.11 -2.15 -2.64 -2.72 -2.63 -1.79 - 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -0.80 -1.97 -1.01 0.01 -1.94 -1.94 -1.26 - 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% -0.62% -0.81% 0.00% 0.00% - 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Hycroft Mining’s latest statements show a stronger balance sheet, but the company remains pre-revenue and dependent on outside financing. As of June 30, 2026, HYMC held $220.5 million in cash, up from $58.5 million two years earlier and $189.0 million at the end of the first quarter. Total assets increased to $293.1 million from $155.5 million in Q2 2024.

The balance sheet has improved substantially. Total liabilities declined to $42.2 million in Q2 2026 from $165.2 million in Q2 2024, while shareholders’ equity improved from a deficit of $9.7 million to positive equity of $250.9 million. The company’s cash position and lower reported liabilities provide more flexibility to fund exploration and development activities.

However, HYMC has not generated revenue in any of the reported quarters since Q2 2025, and it continues to report operating and net losses. The company posted a $20.8 million net loss in Q2 2026, although that was an improvement from the $48.3 million loss in Q1. Operating cash flow also remained negative at $12.7 million for the quarter.

  • Cash reserves have grown significantly: Cash and equivalents reached $220.5 million in Q2 2026, a 16.7% increase from Q1 2026 and nearly four times the Q2 2024 balance.
  • Liabilities have fallen sharply: Total liabilities decreased to $42.2 million from $165.2 million in Q2 2024. The cash flow statements also show a $79.9 million debt repayment in Q4 2025.
  • Equity has moved into positive territory: Total common equity improved to $250.9 million in Q2 2026 from negative equity in 2024 and early 2025, giving HYMC a stronger reported capital structure.
  • Quarterly losses and cash burn improved sequentially: The Q2 2026 net loss of $20.8 million was substantially lower than the Q1 loss of $48.3 million, while operating cash outflow improved to $12.7 million from $31.3 million.
  • Current liquidity appears substantial: Cash alone was approximately 38 times current liabilities of $5.8 million, providing a considerable short-term liquidity cushion based on the reported balance sheet.
  • Financing remains the primary source of liquidity: HYMC raised $35.8 million through common-equity issuance in Q2 2026, following $43.5 million in Q1 and $173.6 million in Q4 2025. These proceeds support operations but do not represent internally generated cash.
  • Interest and investment income provides some support: HYMC recorded $1.8 million of interest and investment income in Q2 2026, but this was not enough to offset operating expenses and the lack of revenue.
  • The company remains pre-revenue: Total revenue was reported at zero in Q2 2026 and in the comparable recent quarters, leaving HYMC without an operating revenue base to fund its activities.
  • Operating losses remain persistent: HYMC reported a $22.5 million operating loss and a $20.8 million net loss in Q2 2026. Retained earnings stood at a deficit of $895.8 million, reflecting substantial cumulative losses.
  • Shareholder dilution is a major risk: Weighted-average basic shares increased from 20.0 million in Q1 2023 to 91.5 million in Q2 2026. Continued equity financing could provide liquidity while reducing existing investors’ ownership percentage.

Overall, HYMC’s financial position is more liquid and less leveraged than it was in 2024, but the improvement has been driven largely by equity financing, asset and debt transactions, and investment income rather than operating revenue. Investors should focus on whether the company can eventually begin generating revenue and reduce its recurring cash burn without relying on additional share issuance. Some historical figures in the supplied data were restated, so comparisons across periods should be interpreted with caution.

10/29/26 02:57 PM ETAI Generated. May Contain Errors.

Hycroft Mining Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Hycroft Mining's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Hycroft Mining's net income appears to be on an upward trend, with a most recent value of -$40.66 million in 2025, compared with $1.68 million in 2018. The previous period was -$60.90 million in 2024.

Hycroft Mining's total operating income in 2025 was -$44.47 million, based on the following breakdown:
  • Total Gross Profit: -$14.65 million
  • Total Operating Expenses: $29.98 million

Over the last 7 years, Hycroft Mining's total revenue changed from $0.00 in 2018 to $0.00 in 2025, a change of 0.0%.

In the past 13 quarters, Hycroft Mining's cash and equivalents has ranged from $39.69 million in Q1 2025 to $220.55 million in Q2 2026, and is currently $211.22 million as of their latest financial filing in Q3 2026.

Hycroft Mining had total debt of $0.00 at the end of 2025, a 100.0% decrease from 2024, and none in 2018.

Over the last 7 years, Hycroft Mining's book value per share changed from 0.19 in 2018 to 2.64 in 2025, a change of 1,272.5%.



Financial statements for OTCMKTS:HYMCW last updated on 10/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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