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Side-by-side financial comparison of Americas Gold & Silver Corp (USAS) and VersaBank (VBNK). Click either name above to swap in a different company.
VersaBank is the larger business by last-quarter revenue ($26.7M vs $19.1M, roughly 1.4× Americas Gold & Silver Corp). VersaBank runs the higher net margin — 30.3% vs -82.3%, a 112.6% gap on every dollar of revenue. On growth, VersaBank posted the faster year-over-year revenue change (31.2% vs -28.0%).
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
VersaBank is a Canada-based digital-first financial institution offering commercial lending, high-interest deposit accounts and customized financial services for SMEs, retail clients and institutional partners across North America. It operates no physical branches, using secure digital infrastructure to deliver efficient, cost-effective banking experiences.
USAS vs VBNK — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $19.1M | $26.7M |
| Net Profit | $-15.7M | $8.1M |
| Gross Margin | 34.2% | — |
| Operating Margin | — | — |
| Net Margin | -82.3% | 30.3% |
| Revenue YoY | -28.0% | 31.2% |
| Net Profit YoY | 2.8% | 35.9% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $26.7M | ||
| Q3 25 | $19.1M | $23.1M | ||
| Q2 25 | — | $22.0M | ||
| Q1 25 | — | $20.3M | ||
| Q3 24 | $26.5M | $19.7M | ||
| Q2 24 | — | $20.8M | ||
| Q1 24 | — | $21.1M | ||
| Q3 23 | — | $19.6M |
| Q1 26 | — | $8.1M | ||
| Q3 25 | $-15.7M | $4.8M | ||
| Q2 25 | — | $6.2M | ||
| Q1 25 | — | $5.9M | ||
| Q3 24 | $-16.2M | $7.1M | ||
| Q2 24 | — | $8.6M | ||
| Q1 24 | — | $9.3M | ||
| Q3 23 | — | $7.3M |
| Q1 26 | — | — | ||
| Q3 25 | 34.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 23.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q1 26 | — | 30.3% | ||
| Q3 25 | -82.3% | 20.8% | ||
| Q2 25 | — | 28.3% | ||
| Q1 25 | — | 29.3% | ||
| Q3 24 | -60.9% | 35.9% | ||
| Q2 24 | — | 41.5% | ||
| Q1 24 | — | 44.0% | ||
| Q3 23 | — | 37.2% |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $39.1M | $458.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $50.2M | $396.4M |
| Total Assets | $234.7M | $4.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $458.4M | ||
| Q3 25 | $39.1M | $336.0M | ||
| Q2 25 | — | $248.3M | ||
| Q1 25 | — | $282.3M | ||
| Q3 24 | — | $181.0M | ||
| Q2 24 | — | $145.1M | ||
| Q1 24 | — | $93.1M | ||
| Q3 23 | — | $64.0M |
| Q1 26 | — | $396.4M | ||
| Q3 25 | $50.2M | $385.5M | ||
| Q2 25 | — | $385.7M | ||
| Q1 25 | — | $380.5M | ||
| Q3 24 | $53.1M | $298.6M | ||
| Q2 24 | — | $292.1M | ||
| Q1 24 | — | $284.0M | ||
| Q3 23 | — | $266.5M |
| Q1 26 | — | $4.5B | ||
| Q3 25 | $234.7M | $4.0B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.1B | ||
| Q3 23 | — | $2.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.5M | $40.6M |
| Free Cash FlowOCF − Capex | $-41.3M | — |
| FCF MarginFCF / Revenue | -216.5% | — |
| Capex IntensityCapex / Revenue | 150.8% | — |
| Cash ConversionOCF / Net Profit | — | 5.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.6M | ||
| Q3 25 | $-12.5M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-65.0M | ||
| Q3 24 | $2.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-13.2M | ||
| Q3 23 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | $-41.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $-11.2M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | -216.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | -42.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | 150.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 51.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q1 26 | — | 5.03× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -10.94× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1.43× | ||
| Q3 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
