First Majestic Silver Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), First Majestic Silver Corp reported revenue of $1.3B (+124.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $1.3B | $560.6M | $573.8M | $624.2M |
| Expenses | ($336.2M) | — | — | — |
| Total net income | $211.0M | ($101.9M) | ($135.1M) | ($114.3M) |
| Non-controlling interest percentage | 30.0% | — | — | — |
| Non-controlling interest | $46.1M | — | — | — |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $793.4M | $202.2M | $125.6M | $151.4M |
| Trade and other receivables | $86.4M | $12.3M | $10.1M | $8.6M |
| Value added taxes receivable | $35.8M | $33.9M | $38.6M | $32.6M |
| Inventories | $84.8M | $62.5M | $63.7M | $64.8M |
| Other financial assets | $180.4M | $49.8M | $62.4M | $34.5M |
| Prepaid expenses and other | $12.0M | $8.2M | $8.7M | $5.6M |
| Total current assets | $1.2B | $368.8M | $309.1M | $370.3M |
| Mining interests | $2.7B | $1.0B | $998.8M | $1.1B |
| Property, plant and equipment | $560.5M | $378.6M | $406.3M | $451.3M |
| Right-of-use assets | $14.5M | $23.9M | $27.3M | $26.6M |
| Deposits on non-current assets | $6.5M | $5.7M | $6.4M | $6.0M |
| Loan Receivable | $5.0M | $5.0M | — | — |
| Non-current restricted cash | $144.3M | $106.1M | $125.6M | $125.2M |
| Non-current value added taxes receivable | $11.1M | $10.8M | $14.2M | $12.4M |
| Deferred tax assets | $80.4M | $46.4M | $88.7M | $57.1M |
| Total assets | $4.7B | $2.0B | $2.0B | $2.1B |
| Trade and other payables | $207.9M | $103.9M | $94.4M | $115.1M |
| Unearned revenue | $592.0K | $580.0K | $2.3M | $3.4M |
| Current portion of debt facilities | $487.0K | $825.0K | $832.0K | $551.0K |
| Current portion of lease liabilities | $10.8M | $16.2M | $17.4M | $13.8M |
| Income taxes payable | $239.4M | $22.8M | $5.2M | $18.2M |
| Total current liabilities | $459.1M | $144.3M | $120.1M | $167.4M |
| Debt facilities | $291.7M | $208.7M | $219.0M | $209.8M |
| Lease liabilities | $5.7M | $11.3M | $19.3M | $23.8M |
| Decommissioning liabilities | $187.1M | $159.1M | $151.6M | $149.0M |
| Other liabilities | $7.3M | $5.6M | $5.6M | $5.7M |
| Non-current income taxes payable | $0 | $19.7M | $23.6M | $20.6M |
| Deferred tax liabilities | $571.0M | $80.1M | $79.0M | $122.5M |
| Total liabilities | $1.5B | $628.7M | $618.2M | $698.7M |
| Share capital | $3.1B | $2.0B | $1.9B | $1.8B |
| Equity reserves | $243.8M | $90.0M | $88.0M | $98.9M |
| Accumulated deficit | ($562.0M) | ($717.1M) | ($609.9M) | ($468.9M) |
| Equity attributable to owners of the Company | $2.8B | — | — | — |
| Non-controlling interest | $412.0M | — | — | — |
| Total equity | $3.2B | $1.4B | $1.4B | $1.4B |
| Total liabilities and equity | $4.7B | $2.0B | $2.0B | $2.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net earnings (loss) for the period | $211.0M | ($101.9M) | ($135.1M) | ($114.3M) |
| Depletion, depreciation and amortization | $264.8M | $125.5M | $126.2M | $137.4M |
| Share-based payments | $12.6M | $12.2M | $12.9M | $14.0M |
| Income tax expense | $184.1M | $75.4M | ($60.8M) | $52.9M |
| Reversal of Impairment | ($20.3M) | — | — | ($2.7M) |
| Finance costs | $26.2M | $28.1M | $26.3M | $20.3M |
| Unrealized gain from marketable securities and silver futures derivatives | ($9.5M) | ($119.0K) | ($2.6M) | $4.2M |
| Other | ($1.7M) | ($595.0K) | ($3.0M) | $1.8M |
| Operating cash flows before non-cash working capital and taxes | $667.2M | $138.6M | $99.2M | $109.4M |
| Net change in non-cash working capital items | ($62.6M) | $29.2M | ($18.9M) | ($27.7M) |
| Income taxes paid | ($78.6M) | ($15.8M) | ($24.7M) | ($62.7M) |
| Cash generated in operating activities | $526.0M | $152.0M | $55.6M | $19.0M |
| Expenditures on mining interests | ($148.6M) | ($95.1M) | ($114.0M) | ($158.0M) |
| Acquisition of property, plant and equipment | ($62.1M) | ($20.0M) | ($32.0M) | ($59.7M) |
| Deposits paid for acquisition of non-current assets | ($804.0K) | $142.0K | ($1.4M) | ($1.1M) |
| Gatos Silver Inc. cash acquired, net of cash consideration paid | $159.6M | — | — | — |
| Acquisition of Springpole Silver Stream | ($5.0M) | — | — | — |
| Other | $28.7M | $819.0K | ($1.2M) | $5.0M |
| Cash used in investing activities | ($28.2M) | ($114.2M) | ($154.0M) | ($213.8M) |
| Proceeds from prospectus offering, net of share issue costs | 0 | 93.9M | 92.1M | 113.4M |
| Proceeds from 2025 convertible debentures, net of issuance costs | $340.5M | — | — | — |
| Payment for redemption of 2021 convertible debentures | ($214.7M) | — | — | — |
| Proceeds from exercise of stock options | $48.8M | $116.0K | $2.1M | $4.7M |
| Repayment of lease liabilities | ($18.1M) | ($17.3M) | ($15.2M) | ($13.5M) |
| Dividends and distributions paid to non-controlling interests | ($41.2M) | — | — | — |
| Finance costs paid | ($8.0M) | ($8.8M) | ($8.5M) | ($3.2M) |
| Repayment of debt facilities | $0 | ($20.0M) | $0 | ($30.0M) |
| Dividends declared and paid | ($9.8M) | ($5.3M) | ($5.9M) | ($6.9M) |
| Shares repurchased | -8.7M | -271.0K | 0 | -665.0K |
| Cash provided by financing activities | $88.6M | $42.4M | $64.6M | $113.9M |
| Effect of exchange rate on cash and cash equivalents held in foreign currencies | $4.8M | ($3.6M) | $2.7M | ($346.0K) |
| Increase in cash and cash equivalents | $586.4M | $80.2M | ($33.7M) | ($80.9M) |
| Cash and cash equivalents, beginning of the period | $202.2M | $125.6M | $151.4M | $237.9M |
| Cash and cash equivalents, end of period | $793.4M | — | — | — |
First Majestic Silver Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.