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HYMC

Hycroft Mining Holding Corporation

HYMC

Hycroft Mining Holding Corporation • NASDAQ
$11.70 ▲ 11.32% (+1.19)
Market Cap $947.30 M
52w High $11.85
52w Low $1.99
Dividend Yield 0%
P/E -7.6
Volume 1.24M
Outstanding Shares 80.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $4.228M ▼ $-9.376M ▲ 0% $-0.22 ▲ $-5.346M ▲
Q2-2025 $0 $8.495M ▲ $-11.737M ▲ 0% $-0.43 ▲ $-7.427M ▲
Q1-2025 $0 ▼ $8.412M ▲ $-11.759M ▲ 0% ▲ $-0.47 ▲ $-7.505M ▼
Q4-2024 $7.946M ▲ $-1.302M ▼ $-12.738M ▲ -160.307% ▼ $-0.55 ▲ $-2.035M ▲
Q3-2024 $0 $11.739M $-14.228M 0% $-0.59 $-10.447M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $139.89M ▲ $230.591M ▲ $183.106M ▲ $47.485M ▲
Q2-2025 $69.877M ▲ $162.147M ▲ $177.406M ▲ $-15.259M ▲
Q1-2025 $40.427M ▼ $129.327M ▼ $173.833M ▲ $-44.506M ▼
Q4-2024 $50.014M ▼ $140.135M ▼ $173.55M ▲ $-33.415M ▼
Q3-2024 $56.542M $149.022M $172.156M $-23.134M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-9.376M ▲ $-3.439M ▲ $579K ▲ $71.458M ▲ $68.598M ▲ $-3.489M ▲
Q2-2025 $-11.737M ▲ $-9.023M ▲ $-215K ▼ $40.577M ▲ $31.339M ▲ $-9.249M ▲
Q1-2025 $-11.759M ▲ $-9.695M ▼ $-114K ▼ $182K ▼ $-9.627M ▼ $-9.866M ▼
Q4-2024 $-12.738M ▲ $-8.095M ▼ $188K ▼ $1.891M ▲ $-6.016M ▼ $-8.369M ▼
Q3-2024 $-14.228M $-7.471M $4.871M $191K $-2.714M $-8.001M

Revenue by Products

Product Q1-2022Q2-2022Q3-2022Q4-2022
Gold
Gold
 $10.00M ▲$0 ▼$10.00M ▲$10.00M ▲
Silver
Silver
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement HYMC looks like a pre‑production or early‑stage miner rather than an operating, cash‑generating business. Reported revenue has essentially disappeared in recent years, and the company has been running at a loss the whole time. Gross profit is negative, meaning any limited activity has cost more than it brings in. Operating losses and net losses are fairly steady year after year, not exploding but also not improving in a visible way. Overall, this is a story of a company still spending to advance a project, without yet having a profitable mine to support those costs.

Balance Sheet

Balance Sheet The balance sheet is thin and stressed. Total assets are modest, cash has been drawn down from prior peaks, and debt sits at a level that is large relative to the size of the asset base. Book equity has flipped between slightly positive and slightly negative, which suggests limited cushion to absorb setbacks. The reverse stock split also hints at past share price pressure and equity dilution. In simple terms, HYMC does not have a lot of balance‑sheet strength and appears dependent on stable funding and future project success to stay on solid footing.

Cash Flow

Cash Flow Cash flow shows a clear pattern: money is going out, not coming in. Operating cash flow has been consistently negative, which fits with a company investing in a project rather than running a mature mine. Free cash flow is similarly negative, though spending on new equipment and facilities has been kept quite low recently. This means the burn is mainly from ongoing corporate and project costs, not big construction yet. The business model, for now, relies on raising capital from outside sources rather than generating cash from operations.

Competitive Edge

Competitive Edge On paper, HYMC controls a very large gold and silver deposit in a favorable mining region of Nevada, which is a major strategic advantage if it can be developed. The land package is vast, mostly underexplored, and already permitted as a brownfield operation, which can shorten timelines compared with a brand‑new site. The combination of a large known resource, exploration upside, and a stable jurisdiction gives HYMC a potentially strong long‑term position. The flip side is that, until a clear, fundable development plan and cost structure are proven, these advantages remain theoretical rather than competitive cash‑flow strength.

Innovation and R&D

Innovation and R&D HYMC’s strategy leans heavily on innovation to make its ore economic. It has patented sulfide‑ore processing technology and is weighing two advanced processing routes that could materially shape future project economics. The company is also exploring data‑driven tools and AI to improve exploration, along with potential by‑products like sulfuric acid and even lithium recovery. If these technologies work at scale and at reasonable cost, they could meaningfully differentiate HYMC from more traditional miners. However, this is still mainly at the study and testing stage, so there is execution and technical risk before any of this translates into reliable earnings.

Summary

HYMC is a high‑potential but high‑risk development‑stage mining story. Financially, it has minimal revenue, ongoing losses, negative cash flow, and a fragile balance sheet, which together underline its dependence on external funding. Strategically, it holds a very large gold‑silver resource in Nevada with meaningful exploration upside and several promising processing and diversification ideas, including patented technology and possible critical‑minerals exposure. The investment case revolves around whether management can prove a viable, cost‑effective development plan, secure financing, and move into profitable production before balance‑sheet constraints or technical challenges become overwhelming. The upside is sizable if things go right, but the path from here to a stable, cash‑generating mine is still uncertain and will likely take time.

NEWS

October 28, 2025 · 6:45 AM UTC

Hycroft Files Third Quarter 2025 10-Q and Provides Corporate Update

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October 16, 2025 · 8:00 AM UTC

HYCROFT ANNOUNCES REPAYMENT OF ALL DEBT

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October 13, 2025 · 5:30 PM UTC

HYCROFT ANNOUNCES EXERCISE OF UNDERWRITERS' OVER-ALLOTMENT OPTION

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October 9, 2025 · 9:18 AM UTC

HYCROFT ANNOUNCES PRICING AND UPSIZING OF PUBLIC OFFERING OF COMMON STOCK

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October 9, 2025 · 6:09 AM UTC

HYCROFT ANNOUNCES PUBLIC OFFERING OF COMMON STOCK

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