Filing Flows › McEwen (MUX) › Q1 2026
McEwen (MUX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
McEwen (MUX) reported revenue of $74.0M for the first quarter 2026 (Q1 2026), +107% from a year earlier and +15% from the quarter before. Operating margin was 55.7%, net earnings $33.4M (45.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.0M | +15% | +107% |
| Gross profit | $31.5M | +81% | +213% |
| Operating profit | $41.2M | +87% | — |
| Net earnings | $33.4M | -12% | — |
| Operating cash flow | $12.1M | +290% | — |
What changed
Revenue was $74.0M in Q1 2026, up 107% year over year and up 15% from the previous quarter.
Gross margin was 42.5%, up 14.3 points from Q1 2025. Operating profit was $41.2M, a 55.7% margin (up 77.1 points year over year). Net earnings were $33.4M. The effective tax rate was -0.5%.
Operating cash flow was $12.1M, 36% of net earnings. Non-cash charges added back $7.1M of depreciation and amortization. Working capital and other items used $28.4M.
Questions
What was McEwen's revenue in the first quarter 2026?
McEwen (MUX) reported revenue of $74.0M for the first quarter 2026 (Q1 2026), +107% from a year earlier and +15% from the quarter before.
Was McEwen profitable in the first quarter 2026?
Operating profit was $41.2M (55.7% of revenue) and net earnings $33.4M.
Source: McEwen 10-Q on SEC EDGAR.