Hycroft Mining Holding Corporation filed its Form 10-Q with the SEC for the quarterly period ended September 30, 2026, reporting a net loss of $95.182 million for the nine months ended on that date and cash and cash equivalents of $211.217 million as of the same date.

Key Highlights

  • Net loss of $95.182 million for the nine months ended September 30, 2026, compared to a net loss of $32.872 million for the same period in 2025, according to the filing.
  • Third-quarter net loss of $26.145 million on a basic and diluted loss per share of $0.28, the filing disclosed.
  • Cash and cash equivalents of $211.217 million as of September 30, 2026, up from $181.738 million at December 31, 2025.
  • Total stockholders' equity of $237.552 million at September 30, 2026, with an accumulated deficit of $921.912 million, per the filing.
  • General and administrative costs of $66.046 million for the nine months ended September 30, 2026, compared to $8.975 million for the same period in 2025.
  • Stock-based compensation of $44.998 million was recognized as a non-cash item in the nine-month cash flow reconciliation, according to the filing.
  • Shares outstanding increased to 93,183,554 at September 30, 2026, from 83,025,384 at December 31, 2025, the filing reported.

Hycroft Mining's Financial Position and Operating Results for the Period Ended September 30, 2026

Hycroft Mining Holding Corporation (NASDAQ:HYMC), a Delaware-incorporated smaller reporting company headquartered in Winnemucca, Nevada, reported a net loss of $26.145 million for the three months ended September 30, 2026, and a net loss of $95.182 million for the nine months ended on that date. The filing stated that the comparable nine-month net loss for 2025 was $32.872 million, reflecting a significant year-over-year increase in operating expenses. General and administrative costs were the largest driver, reaching $66.046 million for the nine-month period, up from $8.975 million in the corresponding 2025 period. The company attributed $44.998 million of non-cash stock-based compensation within operating cash flow adjustments for the nine months ended September 30, 2026.

On the balance sheet, total assets were $284.579 million as of September 30, 2026, compared to $263.027 million at December 31, 2025. Cash and cash equivalents grew to $211.217 million from $181.738 million over the same span. Restricted cash stood at $14.598 million, down from $22.493 million at year-end 2025. Total liabilities declined to $47.027 million from $49.332 million. The company's total stockholders' equity was $237.552 million, supported by additional paid-in capital of $1.159 billion, partially offset by an accumulated deficit of $921.912 million.

Net cash used in operating activities was $51.718 million for the nine months ended September 30, 2026. Financing activities provided $74.041 million, primarily from $79.223 million in proceeds from issuance of common stock net of issuance costs, partially offset by $5.182 million in taxes paid related to net share settlement of equity awards. Exploration and development costs for the nine-month period were $26.537 million, and mine site costs were $13.229 million. Interest income of $5.792 million partially offset operating losses during the period. The weighted average shares outstanding for the nine months were 91,485,620 on a basic and diluted basis.

What Was Disclosed

Hycroft Mining filed its quarterly report covering the period ended September 30, 2026, disclosing a nine-month net loss of $95.182 million, cash of $211.217 million, total assets of $284.579 million, and 93,183,554 shares of common stock issued and outstanding as of October 26, 2026.