Filing Flows › SSR Mining (SSRM) › Q1 2026
SSR Mining (SSRM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
SSR Mining (SSRM) reported revenue of $582M for the first quarter 2026 (Q1 2026), +84% from a year earlier and +12% from the quarter before. Operating margin was 51.6%, net loss $115M (19.8% of revenue).
SSR Mining, Q1 2026: revenue $582M (+84% year over year), operating margin 51.6%, net loss $115M, operating cash flow $264M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $582M | +12% | +84% |
| Operating profit | $300M | +48% | +349% |
| Net earnings | −$115M | -163% | -296% |
| Operating cash flow | $264M | +51% | +221% |
| Free cash flow | $176M | +75% | +368% |
What changed
Revenue was $581.8M in Q1 2026, up 84% year over year and up 12% from the previous quarter. Gold was the largest line at 69% of revenue. Gold added $172.1M year over year (up 75%), 65% of the total change. Lead declined 13%.
Operating profit was $300.4M, a 51.6% margin (up 17.9 points year over year). Of the extra revenue versus Q1 2025, 73% reached operating profit, above the 34% margin then. Total costs grew 34% against revenue growth of 84%. The fastest-growing cost line was General & admin (+61%). The quarter ended with a net loss of $115.2M, after a profit of $170.5M the previous quarter. Minority interests bore $8.7M of it: to shareholders the quarter was a loss of $106.5M. Net interest and other expense of $355.8M was the main reason.
Operating cash flow was $264.5M (up 221% year over year). Non-cash charges added back $30.2M of depreciation and amortization and $20.5M of share-based compensation. Working capital and other items added $329.0M. Capital expenditures of $88.8M left free cash flow of $175.7M.
Questions
What was SSR Mining's revenue in the first quarter 2026?
SSR Mining (SSRM) reported revenue of $582M for the first quarter 2026 (Q1 2026), +84% from a year earlier and +12% from the quarter before.
Was SSR Mining profitable in the first quarter 2026?
Operating profit was $300M (51.6% of revenue) and net loss $115M.
Source: SSR Mining 10-Q on SEC EDGAR.