Filing Flows › United States Antimony (UAMY) › Q2 2025
United States Antimony (UAMY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
United States Antimony (UAMY) reported revenue of $10.5M for the second quarter 2025 (Q2 2025), +187% from a year earlier and +50% from the quarter before. Operating margin was 0.2%, net earnings $182K (1.7% of revenue).
United States Antimony, Q2 2025: revenue $10.5M (+187% year over year), operating margin 0.2%, net earnings $182K, operating cash flow −$628K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.5M | +50% | +187% |
| Gross profit | $2.8M | +20% | +127% |
| Operating profit | $20K | -94% | -64% |
| Net earnings | $182K | -67% | -10% |
| Operating cash flow | −$628K | — | — |
What changed
Revenue was $10.5M in Q2 2025, up 187% year over year and up 50% from the previous quarter. Antimony was the largest line at 92% of revenue. Antimony added $7.0M year over year (up 262%), 102% of the total change. Zeolite declined 11%.
Gross margin was 27.0%, down 7.2 points from a year earlier. Operating profit was $20K, a 0.2% margin (down 1.3 points year over year). Operating profit fell $36K even though revenue rose $6.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 136% against revenue growth of 187%. The fastest-growing cost line was Other operating costs (+186%). Net earnings were $182K, down 10% year over year. The effective tax rate was 0.0%. Non-operating items added $162K, 89% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$628K. Non-cash charges added back $278K of depreciation and amortization and $587K of share-based compensation. Working capital and other items used $1.7M. Capital expenditures of $6.5M exceeded it, leaving free cash flow of −$7.2M.
Questions
What was United States Antimony's revenue in the second quarter 2025?
United States Antimony (UAMY) reported revenue of $10.5M for the second quarter 2025 (Q2 2025), +187% from a year earlier and +50% from the quarter before.
Was United States Antimony profitable in the second quarter 2025?
Operating profit was $20K (0.2% of revenue) and net earnings $182K.