HYMC · 10-Q · 2026Q1 · Full report
Operating Cash Flow
HYCROFT MINING HOLDING CORP · 2026-04-28 · Importance 81 · Surprise 64
Net cash used in operating activities was $31.3 million in Q1 2026 versus $9.7 million in Q1 2025, driven by a net loss of $48.3 million in the quarter with a cash impact of $28.2 million. Working capital changes used $3.1 million of cash, including $3.5 million of cash used for accounts payable, accrued expenses and other liabilities partially offset by $0.5 million provided from prepaids and deposits. The largest non‑cash adjustment to reconcile net loss to cash used was stock‑based compensation of $19.1 million. The Company expects continued operating cash outflows until mining and processing operations resume.
Key facts
- Net cash used in operating activities was $(31,314) thousand for the three months ended March 31, 2026 compared to $(9,695) thousand for the same period in 2025.
- Net non-cash adjustments were $20,074 thousand for the three months ended March 31, 2026 compared to $4,214 thousand for the same period in 2025.
- During the three months ended March 31, 2026 the Company used $31.3 million of cash in operating activities primarily attributable to a net loss of $48.3 million whose cash impact was $28.2 million.
- Net change in operating assets and liabilities was $(3,101) thousand for the three months ended March 31, 2026 compared to $(2,150) thousand for the same period in 2025.
- Net cash used in investing activities was $(508) thousand for the three months ended March 31, 2026 compared to $(114) thousand for the same period in 2025.
- Working capital used $3.1 million of cash in Q1 2026, including cash used for accounts payable, accrued expenses, and other liabilities of $3.5 million partially offset by prepaids and deposits of $0.5 million.
- For the three months ended March 31, 2026, investing activities used cash of $0.6 million for additions to property, plant, and equipment and received $0.1 million of proceeds from sale of assets for net use of $0.5 million.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -8.0% | Net cash used in operating activities was $(31,314) thousand for the three months ended March 31, 2026 compared to $(9,695) thousand for… |
| cash | negative | realized | -0.3% | Net change in operating assets and liabilities was $(3,101) thousand for the three months ended March 31, 2026 compared to $(2,150)… |