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NYSE · Materials

McEwen Inc. (MUX)

As-reported financials and SEC filings for McEwen Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About McEwen Inc.

McEwen Inc. operates as a mining company engaged in the exploration, development, and production of precious metals and copper. The company owns and manages various mining properties and projects in the United States, Canada, Mexico, and Argentina. It serves customers involved in metal refining and trading.

Snapshot

Revenue
$197.6M
Revenue growth (YoY)
13.2%
Net income
$34.4M
Diluted EPS
$0.59
Gross margin
—
Operating margin
1.3%
Net margin
17.4%
FCF margin
—
ROE
6.3%
net income / fiscal-year-end equity
P/E
13.4×
trailing when available, otherwise FY EPS
Market cap
$968.4M
Long-term debt / equity
0.23×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at McEwen

  • Revenue grew 13.2% to $198M in FY2025, faster than the 5.0% the year before.
  • Operating margin turned positive at 1.3% in FY2025, from a 47.1% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $59M, up 26.8% from Q2 FY2025.
  • Net income turned positive at $34M in FY2025, from a $44M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where McEwen’s fundamentals sit among the 225 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin1.3%
39th percentile of 174
Net margin17.4%
94th percentile of 206
Revenue growth (YoY)+13.2%
81st percentile of 220
ROE6.3%
55th percentile of 200
P/E13.4×
22nd percentile of 114
Long-term debt / equity0.23×
21st percentile of 156
Short interest5.78d
75th percentile of 221

McEwen’s net margin of 17.4% ranks in the 94th percentile of the 206 Materials companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+6 quant / multi-strat
Initiated / added
3
2 new, 1 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$24.3M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$18.5M1.0MReduced
Millennium ManagementquantQ2 2026$3.1M169.6KAdded
Citadel AdvisorsquantQ2 2026$1.7M93.7KReduced
Renaissance TechnologiesquantQ2 2026$471,38026.0KNew
D. E. ShawquantQ2 2026$238,97213.2KReduced
AQR Capital ManagementquantQ2 2026$228,31112.6KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
0
—
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-29
filed 2026-07-01
Richard W. BrissendenDirectorSell3.3K$18.13$59K
2026-06-05
filed 2026-06-09
Stephen Douglas KaszasDirectorBuy1.0K$18.36$18K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
10.6M
settled 2026-09-30
Change vs prior
-5.0%
vs previous settlement
Days to cover
5.78
at avg daily volume
Avg daily volume
1.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3010.6M-5.0%5.78
2026-09-1511.1M-7.0%11.77
2026-08-3111.9M-0.7%10.43
2026-08-1412.0M-2.0%10.73
2026-07-3112.3M+0.5%15.26
2026-07-1512.2M+0.9%14.19
2026-06-3012.1M+21.0%6.09
2026-06-1510.0M+1.0%9.06

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$197.6M$174.5M$166.2M$110.4M$136.5M
Gross profit—————
Operating income$2.7M$-50.6M$-162.1M$-95.4M$-64.3M
Net income$34.4M$-43.7M$55.3M$-81.1M$-56.7M
Diluted EPS$0.59$-0.86$1.16$-1.71$-1.25

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$6.9M$29.5M$-39.6M$-56.6M$-20.1M
Capital expenditure—————
Free cash flow—————

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$59.2M26.8%$9.6M$0.14
Q1 FY2026$74.0M107.4%$33.4M$0.47
Q4 FY202592.8%—
Q3 FY2025$50.5M-3.3%$-462,000$-0.01
Q2 FY2025$46.7M-1.6%$3.0M$0.06
Q1 FY2025$35.7M-13.4%$-6.3M$-0.12
Q4 FY2024-42.9%
Q3 FY2024$52.3M36.1%$-2.1M$-0.04

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorMaterials
SIC industryGold and Silver Ores
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2012
SEC CIK314203

Selected SEC filings

10-K/A2026-06-24
View on EDGAR →
10-K/A2026-05-20
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-10-13
View on EDGAR →
8-K2026-09-01
View on EDGAR →
8-K2026-08-26
View on EDGAR →
8-K2026-08-07
View on EDGAR →

Largest Materials peers

All Materials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.