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Side-by-side financial comparison of Americas Gold & Silver Corp (USAS) and Xilio Therapeutics, Inc. (XLO). 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 $13.7M, roughly 1.4× Xilio Therapeutics, Inc.). Xilio Therapeutics, Inc. runs the higher net margin — 75.7% vs -82.3%, a 158.0% gap on every dollar of revenue. Xilio Therapeutics, Inc. produced more free cash flow last quarter ($-2.1M 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.

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

USAS vs XLO — Head-to-Head

Bigger by revenue
USAS
USAS
1.4× larger
USAS
$19.1M
$13.7M
XLO
Higher net margin
XLO
XLO
158.0% more per $
XLO
75.7%
-82.3%
USAS
More free cash flow
XLO
XLO
$39.2M more FCF
XLO
$-2.1M
$-41.3M
USAS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
USAS
USAS
XLO
XLO
Revenue
$19.1M
$13.7M
Net Profit
$-15.7M
$10.4M
Gross Margin
34.2%
Operating Margin
-86.5%
Net Margin
-82.3%
75.7%
Revenue YoY
-28.0%
Net Profit YoY
2.8%
179.1%
EPS (diluted)
$-3.74

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.

Revenue
USAS
USAS
XLO
XLO
Q4 25
$13.7M
Q3 25
$19.1M
$19.1M
Q2 25
$8.1M
Q1 25
$2.9M
Q3 24
$26.5M
Net Profit
USAS
USAS
XLO
XLO
Q4 25
$10.4M
Q3 25
$-15.7M
$-16.3M
Q2 25
$-15.8M
Q1 25
$-13.3M
Q3 24
$-16.2M
Gross Margin
USAS
USAS
XLO
XLO
Q4 25
Q3 25
34.2%
Q2 25
Q1 25
Q3 24
23.6%
Operating Margin
USAS
USAS
XLO
XLO
Q4 25
-86.5%
Q3 25
-10.1%
Q2 25
-177.7%
Q1 25
-472.7%
Q3 24
Net Margin
USAS
USAS
XLO
XLO
Q4 25
75.7%
Q3 25
-82.3%
-85.4%
Q2 25
-196.0%
Q1 25
-452.7%
Q3 24
-60.9%
EPS (diluted)
USAS
USAS
XLO
XLO
Q4 25
$-3.74
Q3 25
$-0.11
Q2 25
$-0.16
Q1 25
$-0.18
Q3 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
USAS
USAS
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$39.1M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$50.2M
$35.3M
Total Assets
$234.7M
$154.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
USAS
USAS
XLO
XLO
Q4 25
$137.5M
Q3 25
$39.1M
$103.8M
Q2 25
$121.6M
Q1 25
$89.1M
Q3 24
Stockholders' Equity
USAS
USAS
XLO
XLO
Q4 25
$35.3M
Q3 25
$50.2M
$-8.1M
Q2 25
$7.1M
Q1 25
$10.7M
Q3 24
$53.1M
Total Assets
USAS
USAS
XLO
XLO
Q4 25
$154.7M
Q3 25
$234.7M
$133.7M
Q2 25
$133.8M
Q1 25
$103.7M
Q3 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
USAS
USAS
XLO
XLO
Operating Cash FlowLast quarter
$-12.5M
$-2.0M
Free Cash FlowOCF − Capex
$-41.3M
$-2.1M
FCF MarginFCF / Revenue
-216.5%
-15.3%
Capex IntensityCapex / Revenue
150.8%
0.7%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
USAS
USAS
XLO
XLO
Q4 25
$-2.0M
Q3 25
$-12.5M
$-17.5M
Q2 25
$-14.5M
Q1 25
$29.0M
Q3 24
$2.4M
Free Cash Flow
USAS
USAS
XLO
XLO
Q4 25
$-2.1M
Q3 25
$-41.3M
Q2 25
$-14.9M
Q1 25
$29.0M
Q3 24
$-11.2M
FCF Margin
USAS
USAS
XLO
XLO
Q4 25
-15.3%
Q3 25
-216.5%
Q2 25
-184.0%
Q1 25
988.3%
Q3 24
-42.2%
Capex Intensity
USAS
USAS
XLO
XLO
Q4 25
0.7%
Q3 25
150.8%
0.0%
Q2 25
5.0%
Q1 25
0.8%
Q3 24
51.2%
Cash Conversion
USAS
USAS
XLO
XLO
Q4 25
-0.19×
Q3 25
Q2 25
Q1 25
Q3 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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