United States Antimony (NYSE:UAMY) announced its financial results for the fiscal year ended December 31, 2025, reporting a period of exponential top-line growth driven by the tightening global supply of critical minerals.
The company saw annual revenues soar 163% to $39.26 million, up from $14.9 million in 2024.
Gross profit followed an even steeper trajectory, rising 185% to $9.87 million, as higher realized prices for antimony trioxide and zeolite offset increased processing costs.
The most significant highlight of the year was the company's success in securing long-term demand.
US Antimony executed $354 million in new antimony contracts during 2025, a historic milestone that reflects the urgent domestic need for the metal in military munitions, flame retardants, and next-generation liquid metal batteries.
This backlog provides unprecedented visibility into the company’s transition from a small-cap processor to a major industrial supplier.
To support this scale, the firm invested $27.8 million in capital expenditures to modernize its Montana and Idaho facilities.
Despite the strong operational performance, the company recorded a net loss of $4.34 million for 2025.
Management noted that this loss was primarily due to $6.7 million in net non-cash charges, including depreciation and stock-based compensation related to its recent leadership expansion.
US Antimony remains in a formidable liquidity position to fund its growth, ending the year with $91.3 million in cash and investments—a war chest intended for potential strategic acquisitions of North American mining assets.
Looking ahead, the company reiterated its aggressive 2026 gross revenue guidance of $125 million, which would represent a nearly 220% increase over 2025 levels.