Filing Flows › McEwen (MUX) › Q1 2026 › vs Q4 2025
McEwen (MUX) Q1 2026 vs Q4 2025 (quarter over quarter)
McEwen's revenue rose $9.4M (+15%) from $64.6M in Q4 2025 to $74.0M in Q1 2026. Gross margin 42.5% against 26.9% (+15.6 pts).
McEwen, Q1 2026: revenue $74.0M (+107% year over year), operating margin 55.7%, net earnings $33.4M, operating cash flow $12.1M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 42.5% | 26.9% | +15.6 pts |
| Operating margin | 55.7% | 34.2% | +21.5 pts |
| Net margin | 45.1% | 59.0% | -13.9 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $74.0M | $64.6M | $9.4M | +15% |
| Gross profit | $31.5M | $17.4M | $14.1M | +81% |
| Cost of revenue | $42.6M | $47.2M | −$4.7M | -10% |
| Operating profit | $41.2M | $22.1M | $19.1M | +87% |
| Operating gains, net of costs | $9.7M | $4.7M | $5.0M | +107% |
| Pre-tax earnings | $33.2M | $14.1M | $19.1M | +135% |
| Other expense, net | $8.0M | $8.0M | $38K | +0.5% |
| Income tax benefit | $174K | $24.0M | −$23.9M | -99% |
| Net earnings | $33.4M | $38.1M | −$4.7M | -12% |
| Depreciation & amortization | $7.1M | $7.2M | −$105K | -1% |
| Working capital & other | $28.4M | $42.2M | −$13.9M | -33% |
| Operating cash flow | $12.1M | $3.1M | $9.0M | +290% |
Questions
How much did McEwen's revenue grow quarter over quarter in Q1 2026?
McEwen's revenue rose $9.4M (+15%) from $64.6M in Q4 2025 to $74.0M in Q1 2026. Gross margin 42.5% against 26.9% (+15.6 pts).