Filing Flows › SSR Mining (SSRM) › Q2 2025
SSR Mining (SSRM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
SSR Mining (SSRM) reported revenue of $405M for the second quarter 2025 (Q2 2025), +119% from a year earlier and +28% from the quarter before. Operating margin was 26.9%, net earnings $90.1M (22.2% of revenue).
SSR Mining, Q2 2025: revenue $405M (+119% year over year), operating margin 26.9%, net earnings $90.1M, operating cash flow $158M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $405M | +28% | +119% |
| Operating profit | $109M | +63% | +916% |
| Net earnings | $90.1M | +53% | +829% |
| Operating cash flow | $158M | +91% | — |
| Free cash flow | $95.1M | +153% | — |
What changed
Revenue was $405.5M in Q2 2025, up 119% year over year and up 28% from the previous quarter. Gold was the largest line at 75% of revenue. Gold added $206.5M year over year (up 215%), 94% of the total change. Other declined 56%.
Operating profit was $108.9M, a 26.9% margin (up 21.1 points year over year). Of the extra revenue versus a year earlier, 44% reached operating profit, above the 6% margin then. Total costs grew 70% against revenue growth of 119%. The fastest-growing cost line was General & admin (+98%). Net earnings were $90.1M, up 829% year over year ($80.4M including minority interests, which bore $9.7M of losses). The effective tax rate was 20.1%.
Operating cash flow was $157.6M, 196% of net income including minority interests. Non-cash charges added back $26.2M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items added $44.0M. Capital expenditures of $62.5M left free cash flow of $95.1M.
Questions
What was SSR Mining's revenue in the second quarter 2025?
SSR Mining (SSRM) reported revenue of $405M for the second quarter 2025 (Q2 2025), +119% from a year earlier and +28% from the quarter before.
Was SSR Mining profitable in the second quarter 2025?
Operating profit was $109M (26.9% of revenue) and net earnings $90.1M.
Source: SSR Mining 10-Q on SEC EDGAR.