Golden Minerals Company reports a negative bottom line for QQ3 2025 with no disclosed revenue for the quarter. The company posted a net loss of $0.877 million, an EBITDA of -$0.668 million, and an operating loss of -$0.688 million, translating to a basic EPS of -$0.05. The quarter is characterized by muted top-line activity and ongoing fixed-cost intensity, highlighted by a negative operating cash flow per share of -$0.165 and free cash flow per share of -$0.165. Liquidity metrics remain strained (current ratio 0.467, quick ratio 0.467, cash ratio 0.404), signaling near-term liquidity risk absent a meaningful financing event or project-driven cash inflow. Ownership remains 100% across key project assets (Rodeo, Velardena/Chicago in Durango, Mexico, and El Quevar in Argentina), underscoring a capital-intensive exploration and development agenda rather than enterprise-wide revenue generation in QQ3 2025.
Key Performance Indicators
Operating Income
Decreasing
-688.00K
QoQ: 25.86% | YoY: -18.21%
Net Income
Decreasing
-877.00K
QoQ: -4.40% | YoY: -540.70%
EPS
Decreasing
-0.05
QoQ: 10.39% | YoY: -478.79%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: Not disclosed for QQ3 2025 (quarter shows no revenue in the data). YoY/QoQ revenue metrics are not available.
Profitability:
- EBITDA: -$0.668 million
- Operating Income: -$0.688 million (YoY margin impact noted in the table as a negative trend; QoQ improvement indicated at 25.86% in operating income, but remains negative)
- Net Income: -$0.877 million (YoY change -540.70%; QoQ change -4.40%)
- EPS: -$0.05 (YoY -478.79%; QoQ +10.39%)
Liquidity and Cash Flow:
- Operating cash flow per share: -$0.165; Free cash flow per share: -$0.165; Cash per share: $0.116
- Current ratio: 0.467; Quick ratio: 0.467; Cash ratio: 0.404
- Interest expense: $13,000
- Debt-related ratios show no disclosed long-term debt in the reported metrics (debt ratios listed as 0), suggesting either no reported debt or zero debt in the period covered by the data.
Valuation and Coverage:
- Price to earnings: -1.93; Price to book: -1.404; Enterprise value multiple: -7.29; Price to free cash flows: -2.72. These negative or below-zero multiples reflect the absence of positive earnings and a negative enterprise value signal in the quarter.
Earnings per Share and Share Base:
- Weighted average shares outstanding: 15,053,048; EPS Diluted: -$0.05
Notes:
- The dataset includes a multi-quarter table (fourQuarters) with intermittent revenue data in earlier periods (e.g., Q4 2024 revenue of $45,000) but QQ3 2025 remains revenue-neutral in the disclosed quarter. Management commentary from an earnings transcript was not provided in the data, limiting insight into offsetting factors or one-off items driving the numbers.
Income Statement
Metric
Value
YoY Change
QoQ Change
Operating Income
-688.00K
-18.21%
25.86%
Net Income
-877.00K
-540.70%
-4.40%
EPS
-0.05
-478.79%
10.39%
Key Financial Ratios
Return on Assets
Weak
-0.30%
Return on assets suggests inefficient capital allocation
Return on Equity
Good
18.20%
Return on equity shows solid performance and effective asset utilization
Current Ratio
Concern
0.47
Current ratio below safe levels, potential liquidity risk
P/E Ratio
Negative
-1.93x
Negative earnings make P/E ratio not meaningful
Price to Book
Undervalued
-1.40x
Trading below book value, potential value opportunity or distressed
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