FSM
Fortuna Silver Mines Inc
NYSE: FSM · BASIC MATERIALS · GOLD
$9.33
-2.81% today
Updated 2026-04-29
Market cap
$2.84B
P/E ratio
10.98
P/S ratio
3.00x
EPS (TTM)
$0.85
Dividend yield
—
52W range
$5 – $14
Volume
7.2M
Fortuna Silver Mines Inc (FSM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2005 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $31.98M | $21.64M | $51.43M | $74.06M | $110.10M | $161.02M | $137.39M | $174.01M | $154.73M | $210.25M | $268.11M | $263.30M | $257.19M | $278.97M | $599.85M | $681.49M | $842.43M | $1.06B | $960.06M |
| Revenue growth (YoY) | — | — | -32.3% | +137.6% | +44.0% | +48.7% | +46.2% | -14.7% | +26.6% | -11.1% | +35.9% | +27.5% | -1.8% | -2.3% | +8.5% | +115.0% | +13.6% | +23.6% | +26.1% | -9.6% |
| Cost of revenue | — | $18.63M | $18.25M | $23.70M | $29.13M | $49.13M | $90.36M | $95.62M | $113.75M | $111.08M | $129.65M | $158.55M | $166.72M | $172.61M | $168.75M | $394.38M | $534.70M | $652.40M | $718.43M | $492.08M |
| Gross profit | — | $13.35M | $3.39M | $27.73M | $44.93M | $60.97M | $70.66M | $41.77M | $60.25M | $43.65M | $80.61M | $109.56M | $96.57M | $84.58M | $110.22M | $205.48M | $146.80M | $190.03M | $343.61M | $467.98M |
| Gross margin | — | 41.7% | 15.7% | 53.9% | 60.7% | 55.4% | 43.9% | 30.4% | 34.6% | 28.2% | 38.3% | 40.9% | 36.7% | 32.9% | 39.5% | 34.3% | 21.5% | 22.6% | 32.4% | 48.7% |
| R&D | — | $0.00 | $0.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | — | $13.23M | $7.98M | $12.20M | $14.37M | $19.84M | $20.54M | $18.80M | $24.43M | $17.43M | $31.12M | $24.91M | $26.19M | $29.80M | $35.09M | $45.36M | $61.46M | $64.07M | $76.08M | $97.74M |
| Operating income | $-682096.00 | $108048.00 | $-4.87M | $14.38M | $30.11M | $38.06M | $45.17M | $-9.63M | $33.75M | $-1.84M | $48.54M | $110.33M | $61.59M | $34.19M | $57.24M | $136.88M | $-113.55M | $-407000.00 | $228.05M | $369.80M |
| Operating margin | — | 0.3% | -22.5% | 28.0% | 40.7% | 34.6% | 28.1% | -7.0% | 19.4% | -1.2% | 23.1% | 41.1% | 23.4% | 13.3% | 20.5% | 22.8% | -16.7% | -0.0% | 21.5% | 38.5% |
| EBITDA | $-519202.00 | $5.80M | $1.26M | $12.33M | $34.68M | $48.01M | $66.86M | $10.93M | $57.14M | $22.36M | $81.95M | $149.80M | $114.04M | $91.77M | $106.62M | $242.05M | $59.05M | $230.79M | $474.26M | $566.40M |
| EBITDA margin | — | 18.1% | 5.8% | 24.0% | 46.8% | 43.6% | 41.5% | 8.0% | 32.8% | 14.5% | 39.0% | 55.9% | 43.3% | 35.7% | 38.2% | 40.4% | 8.7% | 27.4% | 44.7% | 59.0% |
| EBIT | $-521819.00 | $108048.00 | $-3.40M | $6.47M | $27.79M | $38.59M | $45.49M | $-9.38M | $33.63M | $-3.38M | $48.66M | $105.04M | $70.76M | $45.42M | $61.22M | $119.77M | $-113.76M | $11.10M | $236.26M | $369.80M |
| Interest expense | $520907.00 | $0.00 | $84634.00 | $160000.00 | $544000.00 | $560000.00 | $562000.00 | $382092.00 | $390004.00 | $1.76M | $2.15M | $1.73M | $1.92M | $1.30M | $1.98M | $10.22M | $11.09M | $22.15M | $24.32M | $25.06M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-520907.00 | $-2.82M | $-792111.00 | $623000.00 | $12.96M | $19.53M | $31.46M | $-19.10M | $15.60M | $-10.61M | $17.86M | $66.31M | $33.99M | $23.80M | $21.55M | $57.88M | $-128.13M | $-50.84M | $128.74M | $302.13M |
| Net income growth (YoY) | — | -440.7% | +71.9% | +178.7% | +1979.5% | +50.8% | +61.1% | -160.7% | +181.7% | -168.0% | +268.3% | +271.3% | -48.7% | -30.0% | -9.4% | +168.5% | -321.4% | +60.3% | +353.2% | +134.7% |
| Profit margin | — | -8.8% | -3.7% | 1.2% | 17.5% | 17.7% | 19.5% | -13.9% | 9.0% | -6.9% | 8.5% | 24.7% | 12.9% | 9.3% | 7.7% | 9.6% | -18.8% | -6.0% | 12.1% | 31.5% |