McEwen Inc. (MUX) Financial Statements
Industry: Gold and Silver Ores
In fiscal 2025, McEwen reported revenue of $197.6M, up 13.2% from $174.5M the year before. Net income was $34.4M (a 17.4% net margin), or $0.59 per diluted share. Gross margin was 24.1% and operating margin was 1.3%. Operating activities generated $6.9M of cash. At fiscal year end, McEwen held $820.2M in total assets against $274.0M in total liabilities, including $51.0M of cash and equivalents.
Open the full interactive McEwen financials → Quarterly statements, key ratios, valuation history and price charts.
McEwen Key Stats
| Share Price | $16.88 |
|---|---|
| Market Cap | $1.26B |
| P/E Ratio | 28.6 |
| Revenue YoY Growth | +13.2% |
| 52-Week Range | $15.66 – $29.05 |
| Shares Outstanding | 60.0 million (basic, 2026 Q2) |
McEwen Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $104.8M | $136.5M | $110.4M | $166.2M | $174.5M | $197.6M |
| Cost of Goods Sold | $126.2M | $57.8M | $94.9M | $179.8M | $81.5M | $44.9M |
| Gross Profit | -$26.9M | -$6.5M | -$544,000 | $17.8M | $30.9M | $47.6M |
| Operating Income | -$153.2M | -$64.3M | -$95.4M | -$162.1M | -$50.6M | $2.7M |
| Pre-Tax Income | -$153.7M | -$64.2M | -$80.3M | $67.0M | -$46.7M | $6.9M |
| Income Tax | -$1.4M | -$7.3M | $5.8M | $33.9M | -$3.0M | -$27.5M |
| Net Income | -$152.3M | -$56.7M | -$81.1M | $55.3M | -$43.7M | $34.4M |
| Diluted EPS | -$3.80 | -$1.20 | -$1.71 | $1.16 | -$0.86 | $0.59 |
McEwen Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $50.5M | $64.6M | $74.0M | $59.2M |
| Net Income | -$462,000 | $38.1M | $33.4M | $9.6M |
| Diluted EPS | -$0.01 | $0.58 | $0.47 | $0.14 |
McEwen Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $20.8M | $54.3M | $39.8M | $23.0M | $13.7M | $51.0M |
| Current Assets | $53.5M | $85.0M | $81.7M | $52.7M | $41.2M | $107.9M |
| Total Assets | $499.9M | $525.3M | $528.7M | $657.2M | $664.6M | $820.2M |
| Current Liabilities | $45.6M | $52.4M | $84.2M | $30.0M | $47.7M | $63.8M |
| Total Long-Term Debt | $24.1M | $48.9M | $54.0M | $40.0M | $40.0M | $126.2M |
| Total Liabilities | $134.6M | $135.4M | $172.4M | $154.8M | $169.6M | $274.0M |
| Shareholders' Equity | $365.3M | $389.9M | $356.3M | $502.4M | $495.0M | $546.2M |
McEwen Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$27.9M | -$20.2M | -$58.6M | -$39.6M | $29.5M | $6.9M |
| Cash From Investing | -$11.8M | -$24.6M | -$23.9M | -$99.6M | -$58.0M | -$48.0M |
| Cash From Financing | $17.6M | $81.0M | $65.5M | $172.2M | $19.2M | $78.7M |
Figures from McEwen's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full McEwen financials page for every line item.
McEwen Company Profile
| Ticker | MUX |
|---|---|
| Exchange | NYSE |
| Industry | Gold and Silver Ores |
| Headquarters | Toronto |
| Incorporated in | Colorado |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000314203 |
Frequently Asked Questions
What was McEwen's revenue in fiscal 2025?
McEwen (MUX) reported revenue of $197.6M for fiscal 2025.
What is McEwen's annual revenue history?
McEwen's annual revenue by fiscal year: 2020: $104.8M; 2021: $136.5M; 2022: $110.4M; 2023: $166.2M; 2024: $174.5M; 2025: $197.6M.
What was McEwen's net income in fiscal 2025?
McEwen reported net income of $34.4M for fiscal 2025.
What was McEwen's earnings per share (EPS) in fiscal 2025?
McEwen's diluted EPS was $0.59 for fiscal 2025 (adjusted for any later stock splits).
What was McEwen's revenue last quarter?
In its most recent reported quarter (2026 Q2), McEwen reported revenue of $59.2M.
How much debt does McEwen have?
McEwen reported $126.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of McEwen are outstanding?
McEwen reported a weighted average of 60.0 million basic shares outstanding in 2026 Q2.
What is McEwen's market cap?
Based on its latest closing price, McEwen (MUX) has a market capitalization of about $1.26B.
When does McEwen's fiscal year end?
McEwen's fiscal year end, as registered with the SEC, is December 31.
Where is McEwen headquartered?
McEwen lists its business address in Toronto in its SEC filings.