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United States Antimony (UAMY) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 8, 2025

United States Antimony (UAMY) reported revenue of $7.0M for the first quarter 2025 (Q1 2025), +128% from a year earlier and +2% from the quarter before. Operating margin was 5.1%, net earnings $547K (7.8% of revenue).

Revenue$7.0M
Year over year+128%
Quarter over quarter+2%
Operating margin5.1%
Net earnings$547K

United States Antimony, Q1 2025: revenue $7.0M (+128% year over year), operating margin 5.1%, net earnings $547K, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$7.0M+2%+128%
Gross profit$2.4M+97%+302%
Operating profit$358K——
Net earnings$547K——
Operating cash flow−$1.7M-247%—

What changed

Revenue was $7.0M in Q1 2025, up 128% year over year and up 2% from the previous quarter. Antimony was the largest line at 85% of revenue. Antimony added $3.5M year over year (up 140%), 88% of the total change.

Gross margin was 33.9%, up 14.7 points from a year earlier. Operating profit was $358K, a 5.1% margin (up 20.4 points year over year). Operating expenses grew 90% against revenue growth of 128%. The fastest-growing cost line was Other operating costs (+161%). Net earnings were $547K. The effective tax rate was 0.0%. Non-operating items added $189K, 34% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$1.7M. Non-cash charges added back $282K of depreciation and amortization and $245K of share-based compensation. Working capital and other items used $2.8M. Capital expenditures of $863K exceeded it, leaving free cash flow of −$2.6M.

Questions

What was United States Antimony's revenue in the first quarter 2025?

United States Antimony (UAMY) reported revenue of $7.0M for the first quarter 2025 (Q1 2025), +128% from a year earlier and +2% from the quarter before.

Was United States Antimony profitable in the first quarter 2025?

Operating profit was $358K (5.1% of revenue) and net earnings $547K.

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Source: United States Antimony 10-Q on SEC EDGAR.