UAMY UNITED STATES ANTIMONY CORP

Overview and Growth

In fiscal 2025, UNITED STATES ANTIMONY CORP recorded $39.26M of revenue, net loss of $4.34M, and an operating cash outflow of $9.69M. The $39.26M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $14.94M in fiscal 2024, revenue recorded a 162.8% year-over-year increase. Diluted earnings per share were -$0.04, translating the period’s attributable earnings into the amount reported for each diluted share. The company employed $153.93M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.26x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $9.87M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 25.2%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was an operating loss of $8.46M, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 21.5%, showing the shortfall after operating costs. The bottom-line result was a net loss of $4.34M after operating, financing, tax, and other recognized items. The net loss equaled 11.1% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported a pretax loss of $4.34M, before the effect of income taxes. The pretax loss equaled 11.1% of revenue, measuring the pre-tax deficit against sales. The reported income-tax provision was $0.00, the amount recognized between pretax income and the final net-income result. Relative to period-end equity, the net loss represented 3.1%. The loss-to-assets relationship was 2.8%, placing the bottom-line deficit against the company’s resource base.

Liquidity and Capital Structure

At period end, the $153.93M asset base was financed through $12.97M of liabilities and $140.96M of equity. At period end, current assets of $54.74M compared with current liabilities of $10.18M, defining the company’s short-term resource position. The current ratio was 5.38x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $30.49M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 299.6%, excluding receivables and other current assets. Total debt was $195.43K, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.0x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 0.1%, comparing borrowing with the total asset balance. The liabilities-to-assets relationship was 8.4%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 19.8%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 344.3% from $34.64M in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 392.8% from $28.60M in fiscal 2024, placing the current capital base higher year over year. Compared with $18.17M in fiscal 2024, the current cash balance moved 67.8% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $9.69M, showing that operations absorbed cash during the period. Capital spending of $27.81M added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Negative free cash flow was $37.50M, leaving a cash deficit after capital spending and reducing financial flexibility. Free-cash-flow margin was -95.5%, reflecting a cash deficit equal to 95.5% of revenue after capital spending. Relative to total assets, the post-investment cash deficit measured 24.4%.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.