Filing Flows › SSR Mining (SSRM) › Q3 2025
SSR Mining (SSRM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
SSR Mining (SSRM) reported revenue of $386M for the third quarter 2025 (Q3 2025), +50% from a year earlier and -5% from the quarter before. Operating margin was 21.6%, net earnings $65.4M (17.0% of revenue).
SSR Mining, Q3 2025: revenue $386M (+50% year over year), operating margin 21.6%, net earnings $65.4M, operating cash flow $56.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $386M | -5% | +50% |
| Operating profit | $83.3M | -23% | +822% |
| Net earnings | $65.4M | -27% | +520% |
| Operating cash flow | $56.8M | -64% | — |
What changed
Revenue was $385.8M in Q3 2025, up 50% year over year and down 5% from the previous quarter. Gold was the largest line at 67% of revenue. Gold added $100.5M year over year (up 63%), 78% of the total change. Lead declined 3%.
Operating profit was $83.3M, a 21.6% margin (up 18.1 points year over year). Of the extra revenue versus a year earlier, 58% reached operating profit, above the 4% margin then. Total costs grew 22% against revenue growth of 50%. The fastest-growing cost line was General & admin (+112%). Net earnings were $65.4M, up 520% year over year ($57.1M including minority interests, which bore $8.3M of losses). The effective tax rate was 20.8%.
Operating cash flow was $56.8M, 100% of net income including minority interests. Non-cash charges added back $28.2M of depreciation and amortization and $23.3M of share-based compensation. Working capital and other items used $51.8M. Capital expenditures of $59.6M exceeded it, leaving free cash flow of −$2.7M.
Questions
What was SSR Mining's revenue in the third quarter 2025?
SSR Mining (SSRM) reported revenue of $386M for the third quarter 2025 (Q3 2025), +50% from a year earlier and -5% from the quarter before.
Was SSR Mining profitable in the third quarter 2025?
Operating profit was $83.3M (21.6% of revenue) and net earnings $65.4M.
Source: SSR Mining 10-Q on SEC EDGAR.