Filing Flows › SSR Mining (SSRM) › Q4 2025
SSR Mining (SSRM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
SSR Mining (SSRM) reported revenue of $522M for the fourth quarter 2025 (Q4 2025), +61% from a year earlier and +35% from the quarter before. Operating margin was 38.8%, net earnings $181M (34.8% of revenue).
SSR Mining, Q4 2025: revenue $522M (+61% year over year), operating margin 38.8%, net earnings $181M, operating cash flow $175M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $522M | +35% | +61% |
| Operating profit | $202M | +143% | +488% |
| Net earnings | $181M | +177% | 33× |
| Operating cash flow | $175M | +208% | +84% |
| Free cash flow | $101M | — | +90% |
What changed
Revenue was $521.7M in Q4 2025, up 61% year over year and up 35% from the previous quarter.
Operating profit was $202.3M, a 38.8% margin (up 28.1 points year over year). Of the extra revenue versus a year earlier, 85% reached operating profit, above the 11% margin then. Total costs grew 11% against revenue growth of 61%. The fastest-growing cost line was Cost of revenue (+23%). Net earnings were $181.5M, up 3167% year over year ($170.5M including minority interests, which bore $10.9M of losses). The effective tax rate was 17.4%.
Operating cash flow was $175.1M (up 84% year over year), 103% of net income including minority interests. Non-cash charges added back $31.2M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $30.9M. Capital expenditures of $74.5M left free cash flow of $100.7M.
Questions
What was SSR Mining's revenue in the fourth quarter 2025?
SSR Mining (SSRM) reported revenue of $522M for the fourth quarter 2025 (Q4 2025), +61% from a year earlier and +35% from the quarter before.
Was SSR Mining profitable in the fourth quarter 2025?
Operating profit was $202M (38.8% of revenue) and net earnings $181M.
Source: SSR Mining 10-K on SEC EDGAR.