United States Antimony cash flow, quarter by quarter

In Q2 2026, United States Antimony generated −$8.7M of operating cash flow and spent $10.2M on capital projects, leaving free cash flow of −$18.9M. That is $11.7M less than in Q2 2025 (−$7.2M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$28.1M; the largest uses were capital spending ($43.2M), other investing ($37.9M), operating cash flow ($28.1M); besides operations, cash came from net borrowing (+) / repaid (−) ($148M), shares issued ($322K); the cash balance rose by $36.4M.

Operating cash flow was −$8.7M against net income of $110K — -78.5× profit, less cash than reported earnings, worth checking against working capital. The largest differences: stock-based pay +$2.9M, payables −$2.3M, prepaid and other assets −$1.6M.

Its cash conversion cycle was 215 days (receivables 29 + inventory 270 − payables 84).

United States Antimony is burning cash: its operations consume cash, a free cash flow of −$71.3M a year at the current rate against $42.3M of cash and investments: a runway of about 7 months; $132K of debt also comes due within a year, which would need refinancing or new money before any new financing.