Filing Flows › McEwen (MUX) › Q3 2026
McEwen (MUX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
McEwen (MUX) reported revenue of $43.6M for the third quarter 2026 (Q3 2026), -14% from a year earlier and -26% from the quarter before. Operating margin was -48.9%, net loss $36.7M (84.0% of revenue).
McEwen, Q3 2026: revenue $43.6M (-14% year over year), operating margin -48.9%, net loss $36.7M, operating cash flow −$29.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.6M | -26% | -14% |
| Operating profit | −$21.4M | -377% | — |
| Net earnings | −$36.7M | -482% | — |
| Operating cash flow | −$29.9M | -165% | -673% |
What changed
Revenue was $43.6M in Q3 2026, down 14% year over year and down 26% from the previous quarter.
Gross margin was 9.1%, down 6.4 points from Q3 2025. Operating costs exceeded revenue by $21.4M, an operating margin of -48.9%. Operating expenses grew 56% against a revenue fall of 14%. The fastest-growing cost line was Other operating costs (+78%). The quarter ended with a net loss of $36.7M, after a profit of $9.6M the previous quarter.
Operating cash flow was −$29.9M. Non-cash charges added back $7.1M of depreciation and amortization.
Questions
What was McEwen's revenue in the third quarter 2026?
McEwen (MUX) reported revenue of $43.6M for the third quarter 2026 (Q3 2026), -14% from a year earlier and -26% from the quarter before.
Was McEwen profitable in the third quarter 2026?
Operating loss was $21.4M (-48.9% of revenue) and net loss $36.7M.
Source: McEwen 10-Q on SEC EDGAR.