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Side-by-side financial comparison of Americas Gold & Silver Corp (USAS) and Venus Concept Inc. (VERO). Click either name above to swap in a different company.
Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $13.8M, roughly 1.4× Venus Concept Inc.). Americas Gold & Silver Corp runs the higher net margin — -82.3% vs -163.8%, a 81.5% gap on every dollar of revenue. On growth, Venus Concept Inc. posted the faster year-over-year revenue change (-8.2% vs -28.0%). Venus Concept Inc. produced more free cash flow last quarter ($-4.9M vs $-41.3M).
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.
Venus Concept Inc is a global medical technology firm specializing in the development, manufacturing, and distribution of non-invasive and minimally invasive aesthetic medical devices. Its product portfolio covers hair removal, skin rejuvenation, body contouring, and anti-aging solutions, serving dermatology clinics, plastic surgery centers, and medical spas across North America, Europe, and Asia Pacific markets.
USAS vs VERO — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.1M | $13.8M |
| Net Profit | $-15.7M | $-22.6M |
| Gross Margin | 34.2% | 64.0% |
| Operating Margin | — | -68.9% |
| Net Margin | -82.3% | -163.8% |
| Revenue YoY | -28.0% | -8.2% |
| Net Profit YoY | 2.8% | -143.0% |
| EPS (diluted) | — | $-12.14 |
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.
| Q3 25 | $19.1M | $13.8M | ||
| Q2 25 | — | $15.7M | ||
| Q1 25 | — | $13.6M | ||
| Q4 24 | — | $15.8M | ||
| Q3 24 | $26.5M | $15.0M | ||
| Q2 24 | — | $16.6M | ||
| Q1 24 | — | $17.5M | ||
| Q4 23 | — | $18.1M |
| Q3 25 | $-15.7M | $-22.6M | ||
| Q2 25 | — | $-11.7M | ||
| Q1 25 | — | $-12.4M | ||
| Q4 24 | — | $-8.0M | ||
| Q3 24 | $-16.2M | $-9.3M | ||
| Q2 24 | — | $-20.0M | ||
| Q1 24 | — | $-9.8M | ||
| Q4 23 | — | $-11.1M |
| Q3 25 | 34.2% | 64.0% | ||
| Q2 25 | — | 60.1% | ||
| Q1 25 | — | 64.2% | ||
| Q4 24 | — | 69.1% | ||
| Q3 24 | 23.6% | 66.1% | ||
| Q2 24 | — | 71.5% | ||
| Q1 24 | — | 66.6% | ||
| Q4 23 | — | 66.5% |
| Q3 25 | — | -68.9% | ||
| Q2 25 | — | -57.6% | ||
| Q1 25 | — | -69.8% | ||
| Q4 24 | — | -42.3% | ||
| Q3 24 | — | -47.7% | ||
| Q2 24 | — | -33.7% | ||
| Q1 24 | — | -44.4% | ||
| Q4 23 | — | -42.1% |
| Q3 25 | -82.3% | -163.8% | ||
| Q2 25 | — | -74.7% | ||
| Q1 25 | — | -90.6% | ||
| Q4 24 | — | -50.5% | ||
| Q3 24 | -60.9% | -61.9% | ||
| Q2 24 | — | -120.3% | ||
| Q1 24 | — | -56.0% | ||
| Q4 23 | — | -61.3% |
| Q3 25 | — | $-12.14 | ||
| Q2 25 | — | $-8.03 | ||
| Q1 25 | — | $-17.44 | ||
| Q4 24 | — | $-10.26 | ||
| Q3 24 | — | $-13.10 | ||
| Q2 24 | — | $-30.93 | ||
| Q1 24 | — | $-16.92 | ||
| Q4 23 | — | $-63.64 |
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 | $4.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $50.2M | $2.7M |
| Total Assets | $234.7M | $61.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $39.1M | $4.3M | ||
| Q2 25 | — | $3.9M | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | — | $4.3M | ||
| Q3 24 | — | $4.5M | ||
| Q2 24 | — | $5.7M | ||
| Q1 24 | — | $5.1M | ||
| Q4 23 | — | $5.4M |
| Q3 25 | $50.2M | $2.7M | ||
| Q2 25 | — | $2.3M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $2.4M | ||
| Q3 24 | $53.1M | $10.1M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $-22.5M | ||
| Q4 23 | — | $-14.0M |
| Q3 25 | $234.7M | $61.6M | ||
| Q2 25 | — | $63.1M | ||
| Q1 25 | — | $63.5M | ||
| Q4 24 | — | $68.2M | ||
| Q3 24 | — | $72.3M | ||
| Q2 24 | — | $79.8M | ||
| Q1 24 | — | $85.1M | ||
| Q4 23 | — | $93.7M |
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 | $-4.9M |
| Free Cash FlowOCF − Capex | $-41.3M | $-4.9M |
| FCF MarginFCF / Revenue | -216.5% | -35.6% |
| Capex IntensityCapex / Revenue | 150.8% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.7M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-12.5M | $-4.9M | ||
| Q2 25 | — | $-5.4M | ||
| Q1 25 | — | $-6.3M | ||
| Q4 24 | — | $-3.8M | ||
| Q3 24 | $2.4M | $-3.0M | ||
| Q2 24 | — | $-1.3M | ||
| Q1 24 | — | $-2.9M | ||
| Q4 23 | — | $-774.0K |
| Q3 25 | $-41.3M | $-4.9M | ||
| Q2 25 | — | $-5.6M | ||
| Q1 25 | — | $-6.3M | ||
| Q4 24 | — | $-3.9M | ||
| Q3 24 | $-11.2M | $-3.1M | ||
| Q2 24 | — | $-1.4M | ||
| Q1 24 | — | $-2.9M | ||
| Q4 23 | — | $-801.0K |
| Q3 25 | -216.5% | -35.6% | ||
| Q2 25 | — | -35.8% | ||
| Q1 25 | — | -46.5% | ||
| Q4 24 | — | -24.7% | ||
| Q3 24 | -42.2% | -20.3% | ||
| Q2 24 | — | -8.2% | ||
| Q1 24 | — | -16.6% | ||
| Q4 23 | — | -4.4% |
| Q3 25 | 150.8% | 0.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 51.2% | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% | ||
| Q4 23 | — | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
USAS
Segment breakdown not available.
VERO
| Products And Services | $10.8M | 79% |
| Leases | $2.9M | 21% |
