McEwen Inc.MUXEarnings & Financial Report
McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.
Revenue
$33.5M
Gross Profit
$363.0K
Operating Profit
$-14.5M
Net Profit
$-8.2M
Gross Margin
1.1%
Operating Margin
-43.4%
Net Margin
-24.6%
YoY Growth
-42.9%
EPS
$-0.15
McEwen Inc. Q4 FY2024 Financial Summary
McEwen Inc. reported revenue of $33.5M (down 42.9% YoY) for Q4 FY2024, with a net profit of $-8.2M (down 105.8% YoY) (-24.6% margin). Cost of goods sold was $33.2M, operating expenses totaled $14.9M.
Key Financial Metrics
| Total Revenue | $33.5M |
|---|---|
| Net Profit | $-8.2M |
| Gross Margin | 1.1% |
| Operating Margin | -43.4% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
McEwen Inc. Q4 FY2024 revenue of $33.5M breaks down across 2 segments, led by Other at $17.3M (51.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $17.3M | 51.5% |
| CA | $16.3M | 48.5% |
McEwen Inc. Revenue by Segment — Quarterly Trend
McEwen Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and CA) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Other | — | $29.8M | $27.5M | — |
| CA | — | $20.8M | $19.2M | — |
McEwen Inc. Annual Revenue by Year
McEwen Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $197.6M).
| Year | Annual Revenue |
|---|---|
| 2025 | $197.6M |
| 2024 | $174.5M |
| 2023 | $166.2M |
| 2022 | $110.4M |
McEwen Inc. Quarterly Revenue & Net Profit History
McEwen Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $64.6M | +92.8% | $38.1M | 59.0% |
| Q3 FY2025 | $50.5M | -3.3% | $-462.0K | -0.9% |
| Q2 FY2025 | $46.7M | -1.6% | $3.0M | 6.5% |
| Q1 FY2025 | $35.7M | -13.4% | $-6.3M | -17.6% |
| Q4 FY2024 | $33.5M | -42.9% | $-8.2M | -24.6% |
| Q3 FY2024 | $52.3M | +36.1% | $-2.1M | -4.0% |
| Q2 FY2024 | $47.5M | +38.0% | $-13.0M | -27.4% |
| Q1 FY2024 | $41.2M | +18.6% | $-20.4M | -49.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $41.2M | $47.5M | $52.3M | $33.5M | $35.7M | $46.7M | $50.5M | $64.6M |
| YoY Growth | 18.6% | 38.0% | 36.1% | -42.9% | -13.4% | -1.6% | -3.3% | 92.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $638.7M | $645.1M | $667.8M | $664.6M | $730.6M | $735.6M | $747.6M | $820.2M |
| Liabilities | $156.2M | $159.9M | $165.7M | $169.6M | $250.8M | $251.1M | $259.1M | $274.0M |
| Equity | $482.5M | $485.2M | $502.1M | $495.0M | $479.8M | $484.5M | $488.6M | $546.2M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.9M | $3.6M | $23.2M | $-1.2M | $-1.9M | $478000 | $5.2M | $3.1M |