Silvercorp Metals Inc. (SVM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.23	$0.21	-8.7%	—	$138.7M	—
Q4 26	$0.26	$0.27	+3.8%	—	$147.4M	—
Q3 26	$0.09	$0.22	+144.4%	—	$126.1M	—
Q2 26	$0.1	$0.1	0.0%	—	$83.3M	—
Q1 26	$0.1	$0.1	0.0%	—	$81.3M	—
Q4 25	$0.09	$0.07	-22.2%	—	$75.1M	—
Q3 25	$0.1	$0.1	0.0%	—	$83.6M	—
Q2 25	$0.1	$0.09	-10.0%	—	$68M	—
Q1 25	$0.1	$0.12	+20.0%	—	$72.2M	—
Q4 24	$0.03	$0.02	-33.3%	—	$42.7M	—
Q3 24	$0.06	$0.06	0.0%	—	$58.5M	—
Q2 24	$0.05	$0.06	+20.0%	—	$54M	—
Q1 24	$0.07	$0.05	-28.6%	—	$60M	—
Q4 23	$0.03	$0.03	0.0%	—	$34.1M	—
Q3 23	$0.07	$0.07	0.0%	—	$58.7M	—
Q2 23	$0.04	$0.04	0.0%	—	$51.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	-$0.05	—	—	$438.1M	—
FY25	—	$0.29	—	—	$298.9M	—
FY24	—	$0.21	—	—	$215.2M	—
FY23	—	$0.12	—	—	$208.1M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$163.5M	$170M	$170.5M	$158.8M	$192.1M	$217.9M	$208.1M	$215.2M	$298.9M	$438.1M
YoY change	+51.4%	+4.02%	+0.28%	-6.86%	+21%	+13.4%	-4.49%	+3.39%	+38.9%	+46.6%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	163.5M	170M	170.5M	158.8M	192.1M	217.9M	208.1M	215.2M	298.9M	438.1M
Cost of revenue	96.1M	103.8M	99.6M	99.5M	107.9M	133.6M	137.3M	134.6M	175.3M	184.4M
Gross profit	67.4M	66.2M	70.9M	59.4M	84.2M	84.3M	70.8M	80.6M	123.6M	253.7M
Gross margin	41.2%	38.9%	41.6%	37.4%	43.8%	38.7%	34%	37.5%	41.3%	57.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	15.6M	17.5M	9.3M	9.6M	11.8M	13.6M	12.7M	13.5M	16.9M	20.1M
Operating expenses	14.8M	15.5M	9.7M	11.4M	9.8M	15.5M	15.3M	17.2M	19.6M	25.5M
Operating income	68.1M	68.2M	61.1M	47.6M	73.9M	68.2M	54.9M	62.8M	103.3M	227.5M
Operating margin	41.7%	40.1%	35.8%	30%	38.5%	31.3%	26.4%	29.2%	34.5%	51.9%
Non-operating income, net	5.2M	7.2M	9M	3.1M	-3.8M	-15.8M	-24M	1.1M	-110K	-145.4M
Pretax income	74.7M	77.8M	72.9M	54.1M	73.5M	57.1M	35.1M	70M	105M	80.4M
Income tax	19.2M	18.9M	20.9M	8.9M	13M	13.8M	14M	20.3M	26.2M	47.5M
Net income	55.5M	58.9M	52M	45.2M	60.5M	43.3M	21.1M	49.7M	78.8M	32.9M
Net margin	33.9%	34.6%	30.5%	28.5%	31.5%	19.9%	10.1%	23.1%	26.4%	7.51%
EBITDA	90M	89.8M	84.7M	73M	99M	98M	85.9M	95.4M	140.1M	274.7M
EPS	0.26	0.28	0.24	0.2	0.27	0.17	0.12	0.21	0.29	-0.05
Diluted EPS	0.25	0.27	0.23	0.2	0.26	0.17	0.12	0.2	0.28	-0.05

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	54M	58.5M	42.7M	72.2M	68M	83.6M	75.1M	81.3M	83.3M	126.1M	147.4M	138.7M
Cost of revenue	33M	35.2M	29.6M	35.7M	36.3M	54.4M	49M	—	42.5M	49M	47.4M	53.9M
Gross profit	20.9M	23.3M	13M	36.5M	31.7M	29.2M	26.1M	35.8M	40.9M	77.1M	100M	84.8M
Gross margin	38.8%	39.8%	30.5%	50.6%	46.6%	35%	34.8%	44%	49%	61.1%	67.8%	61.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.7M	3.1M	3.3M	4.1M	4.8M	4.4M	3.6M	—	4.2M	6.4M	4.9M	6.1M
Operating expenses	4.5M	5.3M	4M	5.9M	6.1M	1.7M	5.9M	208K	5.1M	8.1M	7.5M	9M
Operating income	16.3M	17.9M	8.9M	30.4M	25.4M	27.3M	20.1M	30.8M	35.6M	68.8M	92.2M	75.4M
Operating margin	30.1%	30.5%	20.9%	42.2%	37.4%	32.7%	26.8%	37.9%	42.8%	54.5%	62.6%	54.4%
Non-operating income, net	704K	-185K	2.3M	3.4M	2.2M	12M	-17.8M	-37K	-31.7M	-59.1M	-54.6M	12.5M
Pretax income	18.6M	19.2M	12.7M	35.5M	29.5M	38.4M	1.6M	—	3.9M	9.9M	35.8M	87.1M
Income tax	3.9M	5.1M	5.1M	7.3M	6.4M	7.2M	5.2M	—	8.6M	12.8M	19.6M	13.1M
Net income	14.8M	14.1M	7.6M	28.1M	23.1M	31.2M	-3.6M	18.1M	-4.7M	-2.9M	16.2M	74M
Net margin	27.4%	24%	17.9%	39%	33.9%	37.3%	-4.83%	22.3%	-5.67%	-2.28%	11%	53.3%
EBITDA	24.2M	21.6M	20.9M	39.4M	34.2M	36.5M	29.9M	—	47.9M	82.4M	101.1M	86.7M
EPS	0.06	0.06	—	0.12	0.09	0.12	—	0.08	-0.05	-0.07	—	0.27
Diluted EPS	0.06	0.06	—	0.12	0.09	0.12	—	0.08	-0.05	-0.07	—	0.24

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	—	451.5M	429.6M	561.5M	858.6M	639.1M	675.6M	577M	—	2.4B	2.4B
Enterprise value	—	345.4M	318.8M	421.1M	661.3M	427.4M	472.9M	393.4M	—	2.1B	2.4B
Shares outstanding	167.2M	167.8M	168.5M	171.7M	174.9M	176.5M	176.9M	177M	204M	219.4M	219.4M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	—	7.67	8.25	12.4	14.2	14.8	32	11.6	—	71.6	98.6
P/S	—	2.66	2.52	3.54	4.47	2.93	3.25	2.68	—	5.38	4.84
P/B	—	1.13	1.04	1.28	1.52	1.03	1.17	0.97	—	2.13	2.43
EV/EBITDA	—	3.85	3.77	5.77	6.68	4.36	5.5	4.13	—	7.47	7.88
EV/Sales	—	2.03	1.87	2.65	3.44	1.96	2.27	1.83	—	4.69	4.92
Earnings yield	—	13%	12.1%	8.05%	7.05%	6.77%	3.12%	8.61%	—	1.4%	1.01%
FCF yield	—	9.04%	8.39%	7.47%	3.93%	8.34%	4.54%	4.87%	—	7.69%	1.38%
PEG	—	—	—	—	—	—	—	—	—	—	0.42

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	41.2%	38.9%	41.6%	37.4%	43.8%	38.7%	34%	37.5%	41.3%	57.9%	61.1%
Operating margin	41.7%	40.1%	35.8%	30%	38.5%	31.3%	26.4%	29.2%	34.5%	51.9%	54.4%
Net margin	33.9%	34.6%	30.5%	28.5%	31.5%	19.9%	10.1%	23.1%	26.4%	7.51%	6.32%
ROE	17.5%	14.8%	12.6%	10.3%	10.7%	6.98%	3.64%	8.32%	9.45%	2.98%	8.09%
ROA	13.9%	12.3%	10.4%	8.82%	9.27%	5.98%	3.12%	7.07%	6.92%	2.25%	12.5%
ROIC	22.8%	17.7%	14.4%	13.3%	16.5%	12.7%	8.74%	10.8%	13.4%	11.6%	18%
Return on tangible assets	18.9%	16.1%	13%	11.1%	11.3%	7.16%	3.73%	8.28%	7.89%	2.5%	5.94%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.76	3.8	3.56	5.68	5.95	5.05	5.31	4.28	5.05	3.58	3.51
Quick ratio	2.54	3.46	3.27	5.38	5.69	4.85	5.11	4.12	4.95	3.5	3.46
Debt / equity	—	—	0.01	0	0	0	0	0	0.13	0.11	0.1
Debt / assets	—	—	0.01	0	0	0	0	0	0.1	0.08	0.08
Net debt / EBITDA	—	—	-1.31	-1.92	-1.99	-2.16	-2.36	-1.93	-1.84	-1.11	-0.84
Interest coverage	99.3	174.3	116.6	94.5	213.4	168.4	125.6	329.4	22.1	7.42	12.3
Effective tax rate	25.7%	24.3%	28.6%	16.5%	17.7%	24.2%	40%	29%	25%	59.1%	39.6%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	0.98	1.01	1.01	0.92	1.1	1.23	1.18	1.22	1.47	2	2.25
EPS (basic)	0.26	0.28	0.24	0.2	0.27	0.17	0.12	0.21	0.29	-0.05	-0.05
EPS (diluted)	0.25	0.27	0.23	0.2	0.26	0.17	0.12	0.2	0.28	-0.05	0.11
Book value per share	1.9	2.37	2.45	2.56	3.24	3.51	3.28	3.37	4.09	5.04	4.46
FCF per share	0.24	0.24	0.21	0.24	0.19	0.3	0.17	0.16	0.26	0.83	0.31
Cash per share	0.58	0.63	0.68	0.83	1.14	1.21	1.15	1.04	1.81	1.92	1.75
Capex per share	0.04	0.04	0.04	0.01	0.09	0.06	0.07	0.06	0.13	0.53	0.53

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	3.74%	3.6%	3.65%	0.78%	8.43%	4.89%	6.28%	4.95%	8.75%	26.6%	26.6%
Capex / operating cash flow	7.13%	6.77%	7.25%	1.48%	15.9%	10.7%	18.9%	10.4%	17.8%	37.5%	37.5%
Payout ratio	6.06%	5.71%	8.09%	9.48%	7.22%	10.2%	21%	8.91%	6.28%	16.7%	22.7%
Dividend yield	—	0.74%	0.98%	0.76%	0.51%	0.69%	0.65%	0.77%	—	0.23%	0.24%

Yield

0.24%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.013

ex-dividend Jun 5, 2026

Payout ratio

23%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 5, 2026	$0.013
Jun 6, 2025	$0.013
Nov 29, 2024	$0.0125
Jun 7, 2024	$0.0125
Nov 24, 2023	$0.013
Jun 9, 2023	$0.0125
Nov 25, 2022	$0.013
Jun 3, 2022	$0.0125

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$54M	$58.5M	$42.7M	$72.2M	$68M	$83.6M	$75.1M	$81.3M	$83.3M	$126.1M	$147.4M	$138.7M
YoY change	+4.35%	-0.24%	+25%	+20.3%	+26%	+42.9%	+76%	+12.7%	+22.5%	+50.8%	+96.2%	+70.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	96.5M	106.1M	115.3M	142.5M	199.1M	212.9M	203.3M	184.9M	369.1M	422.3M
Receivables	1.3M	676K	467K	1.2M	1.5M	3.6M	1.8M	2.2M	1.1M	1.6M
Inventory	8.7M	11M	10.8M	8.4M	9.8M	9.1M	8.3M	7.4M	8M	9.5M
Total current assets	110.8M	122.8M	134.9M	158.2M	221.2M	232.3M	219M	201.9M	386.9M	443.4M
Property, plant & equipment	-107.8M	-124.9M	-123.5M	-124.9M	-250.6M	-273.8M	-291.3M	-295.9M	-246.8M	-278.4M
Goodwill & intangibles	103.6M	110.3M	100.2M	104.9M	117.2M	119.3M	110.7M	102.5M	140.7M	149.8M
Total assets	398M	476.9M	499.1M	512.8M	652.6M	723.5M	676.8M	702.8M	1.1B	1.5B
Accounts payable	30.4M	25.2M	29.9M	23.1M	30.3M	39.7M	36.7M	41.8M	63.9M	85.2M
Short-term debt	—	—	4.5M	567K	657K	649K	269K	213K	2.7M	2.4M
Total current liabilities	40.2M	32.3M	37.9M	27.8M	37.2M	46M	41.2M	47.2M	76.6M	124M
Long-term debt	—	—	—	1.5M	1.1M	614K	314K	1.1M	109.2M	116M
Total liabilities	80M	78.7M	85.9M	73.8M	86.9M	103.4M	97M	105.8M	305.6M	358.6M
Shareholders' equity	317.9M	398.2M	413.2M	439M	565.7M	620.1M	579.8M	597M	833.4M	1.1B
Total debt	—	—	4.5M	2.1M	1.7M	1.3M	583K	1.3M	112M	118.4M
Net debt	—	—	-63M	-63.7M	-117M	-112M	-145.1M	-151.6M	-252M	-303.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	189.1M	198.3M	184.9M	215.7M	209.5M	354.6M	369.1M	1M	382.3M	462.8M	422.3M	387.1M
Receivables	1.6M	240K	2.2M	458K	1.3M	1.1M	1.1M	—	432K	3M	1.6M	5M
Inventory	7.9M	11.9M	7.4M	12.1M	19.6M	21.8M	8M	—	7.9M	12.3M	9.5M	6M
Total current assets	204.3M	217.9M	201.9M	237.9M	241.8M	383.4M	386.9M	—	398.8M	484M	443.4M	410.2M
Property, plant & equipment	-286.9M	-297.5M	-295.9M	-277.3M	-226.9M	-241M	-246.8M	60.7M	-264.6M	-277.5M	-278.4M	-287.8M
Goodwill & intangibles	102.4M	104.2M	102.5M	99.9M	102.9M	141.2M	140.7M	—	142M	144.4M	149.8M	150.2M
Total assets	680.4M	719.1M	702.8M	736.2M	981.5M	1.1B	1.1B	1.2B	1.2B	1.4B	1.5B	1.5B
Accounts payable	44.9M	52.5M	41.8M	52.5M	73.4M	74.6M	63.9M	—	69.1M	95.6M	85.2M	92.1M
Short-term debt	273K	281K	213K	213K	231K	979K	2.7M	—	2.6M	113.9M	2.4M	575K
Total current liabilities	49.9M	58.3M	47.2M	59M	79.5M	83.2M	76.6M	—	86.9M	389.4M	124M	117M
Long-term debt	183K	117K	1.1M	1M	1M	107.7M	109.2M	111M	112.3M	958K	116M	117.9M
Total liabilities	104.4M	115.4M	105.8M	120.1M	156M	284.1M	305.6M	320.9M	377.4M	506M	358.6M	356.7M
Shareholders' equity	576M	603.7M	597M	616.1M	825.6M	834M	833.4M	726M	850.4M	867.3M	1.1B	1.2B
Total debt	456K	398K	1.3M	1.3M	1.3M	108.7M	112M	111M	115M	114.9M	118.4M	118.4M
Net debt	-118.6M	-142.9M	-151.6M	-143.2M	-179.1M	-236M	-252M	—	-266.3M	-347.5M	-303.6M	-268.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	58.9M	58.9M	52M	45.2M	60.5M	43.3M	21.1M	49.7M	78.8M	32.9M
Depreciation & amortization	19.4M	19.4M	21.3M	22.7M	23.2M	27M	29.4M	29M	32.8M	36.9M
Stock-based compensation	1.6M	1.6M	1.9M	2.7M	4.3M	6.1M	3.8M	4.1M	3.7M	4.1M
Change in working capital	-6.2M	-1.6M	-7.1M	3.2M	-1.3M	-1.4M	987K	-451K	1M	-5.8M
Operating cash flow	85.8M	90.3M	85.9M	84.3M	101.6M	99.3M	69.3M	101.9M	146.7M	310.6M
Capital expenditure	-6.1M	-6.1M	-6.2M	-1.2M	-16.2M	-10.7M	-13.1M	-10.6M	-26.2M	-116.4M
Investing cash flow	-63.8M	-60.8M	-4M	-42.9M	-5.3M	-63.3M	15.1M	-13.8M	15.2M	-216.5M
Dividends paid	-3.4M	-3.4M	-4.2M	-4.3M	-4.4M	-4.4M	-4.4M	-4.4M	-4.9M	-5.5M
Share repurchases	-4.2M	-4.2M	0	—	—	0	-2.1M	-1M	-963K	0
Financing cash flow	-14.8M	-14.8M	-10.7M	-7.3M	-1.5M	-7.4M	-18M	-16.8M	115.1M	-24.3M
Net change in cash	7.2M	14.8M	71.2M	34.1M	94.8M	28.6M	66.4M	71.3M	276.9M	69.7M
Free cash flow	40.8M	40.8M	36M	41.9M	33.7M	53.3M	30.7M	28.1M	52.6M	181.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	—	—	—	—	—	—	—	24.3M	-4.7M	-2.9M	16.2M	74M
Depreciation & amortization	—	—	—	—	—	—	—	9.4M	8.8M	10.5M	8.2M	9.6M
Stock-based compensation	—	—	—	—	—	—	—	1.2M	1.2M	847K	836K	1.8M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	2.4M
Operating cash flow	—	—	—	—	—	—	—	48.3M	39.2M	132.9M	90.2M	61.7M
Capital expenditure	—	—	—	—	—	—	—	-23M	-25.3M	—	—	-28.5M
Investing cash flow	—	—	—	—	—	—	—	-25.8M	-25.7M	-47.7M	-4.9M	-23.5M
Dividends paid	—	—	—	—	—	—	—	—	0	-2.8M	0	-2.8M
Share repurchases	—	—	—	—	—	—	—	—	—	0	0	—
Financing cash flow	-65K	-66K	-67K	-40K	-45K	-13.4M	12.7M	742K	-6.8M	2.1M	-10.5M	-9.8M
Net change in cash	-65K	-66K	-67K	-40K	-45K	-13.4M	12.7M	23.2M	6.7M	87.3M	74.7M	28.4M
Free cash flow	—	—	—	—	—	—	—	48.3M	11.4M	128.3M	-29.1M	-31.4M

Silvercorp Metals Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement