NASDAQ : MAKO
Mako Mining Corp. — Financial statements
Other · Canada
Last price 7.815 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 686.04M
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Financial statements
Mako Mining Corp. (MAKO) reported revenue of 209.16M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 209.16M | 148.47M | 92.08M | 65.95M | 63.38M | 35.50M |
| Cost of Revenue | 89.21M | 65.47M | 38.22M | 29.79M | 33.19M | 15.83M |
| Gross Profit | 119.95M | 83.00M | 53.85M | 36.16M | 30.18M | 19.67M |
| Selling, General & Admin | 14.59M | 10.81M | 8.65M | 7.19M | 6.23M | 5.98M |
| Other Operating Expenses | 739.00K | 588.00K | 194.00K | 229.00K | -118.00K | 330.00K |
| Operating Expenses | 34.87M | 28.74M | 19.57M | 25.10M | 37.98M | 19.21M |
| Operating Income | 85.08M | 54.26M | 34.28M | 11.06M | -7.79M | 465.62K |
| Interest Expense | -539.00K | -781.00K | -654.00K | -937.00K | -1.68M | -1.29M |
| Interest & Investment Income | 1.59M | 566.00K | 48.00K | 20.00K | 2.00K | 133.00K |
| Currency Exchange Gain (Loss) | 777.00K | 1.40M | -1.67M | 56.00K | 84.00K | -266.00K |
| Other Non Operating Income (Expenses) | -2.74M | -1.74M | -2.66M | -1.31M | -494.00K | -232.00K |
| EBT Excluding Unusual Items | 84.17M | 53.70M | 29.35M | 8.88M | -9.88M | -1.19M |
| Gain (Loss) on Sale of Assets | 12.01M | |||||
| Other Unusual Items | 1.00M | -354.62K | ||||
| Pretax Income | 84.17M | 54.70M | 29.35M | 8.88M | -9.88M | 10.46M |
| Income Tax Expense | 31.66M | 20.96M | 10.20M | 2.08M | 2.10M | 501.00K |
| Net Income | 52.51M | 33.74M | 19.15M | 6.80M | -11.98M | 9.96M |
| Net Income to Common | 52.51M | 33.74M | 19.15M | 6.80M | -11.98M | 9.96M |
| Shares Outstanding (Basic) | 85.95M | 81.70M | 72.09M | 65.78M | 65.80M | 65.81M |
| Shares Outstanding (Diluted) | 87.87M | 83.23M | 73.71M | 66.51M | 65.80M | 65.81M |
| EPS (Basic) | 0.61 | 0.41 | 0.27 | 0.10 | -0.18 | 0.15 |
| EPS (Diluted) | 0.60 | 0.41 | 0.26 | 0.10 | -0.18 | 0.15 |
| Free Cash Flow | 56.35M | 34.17M | 21.57M | 7.71M | 7.58M | -3.71M |
| Free Cash Flow Per Share | 0.64 | 0.41 | 0.29 | 0.12 | 0.12 | -0.06 |
| Gross Margin | 57.35% | 55.90% | 58.49% | 54.83% | 47.62% | 55.42% |
| Operating Margin | 40.67% | 36.54% | 37.23% | 16.77% | -12.30% | 1.31% |
| Profit Margin | 25.11% | 22.73% | 20.80% | 10.31% | -18.90% | 28.07% |
| Free Cash Flow Margin | 26.94% | 23.01% | 23.43% | 11.69% | 11.96% | -10.47% |
| EBITDA | 96.23M | 63.07M | 42.17M | 24.57M | 12.71M | 7.72M |
| EBITDA Margin | 46.01% | 42.48% | 45.80% | 37.25% | 20.05% | 21.74% |
| D&A For EBITDA | 11.16M | 8.81M | 7.89M | 13.51M | 20.50M | 7.25M |
| EBIT | 85.08M | 54.26M | 34.28M | 11.06M | -7.79M | 465.62K |
| EBIT Margin | 40.67% | 36.54% | 37.23% | 16.77% | -12.30% | 1.31% |
| Effective Tax Rate | 37.61% | 38.31% | 34.74% | 23.46% | 4.79% | |
| Revenue as Reported | 209.16M | 148.47M | 92.08M | 65.95M | 63.38M | 35.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 71.91M | 77.28M | 14.52M | 1.50M | 523.00K | 1.94M |
| Short-Term Investments | 41.91M | 2.04M | ||||
| Cash & Short-Term Investments | 113.82M | 79.31M | 14.52M | 1.50M | 523.00K | 1.94M |
| Accounts Receivable | 847.00K | 251.00K | 321.00K | 304.00K | 1.10M | 6.00K |
| Other Receivables | 82.00K | 32.00K | ||||
| Receivables | 847.00K | 251.00K | 321.00K | 304.00K | 1.18M | 38.00K |
| Inventory | 38.29M | 29.18M | 11.09M | 13.85M | 9.97M | 6.86M |
| Prepaid Expenses | 2.10M | 1.87M | 715.00K | 328.00K | 884.00K | 801.00K |
| Other Current Assets | 1.54M | 1.11M | 730.00K | 735.00K | 346.00K | 284.00K |
| Total Current Assets | 156.60M | 111.72M | 27.37M | 16.71M | 12.90M | 9.93M |
| Property, Plant & Equipment | 127.00M | 80.58M | 69.76M | 20.53M | 32.26M | 44.53M |
| Long-Term Deferred Charges | 996.00K | 29.00K | ||||
| Other Long-Term Assets | 12.91M | 15.15M | 9.92M | 4.56M | 3.00K | 514.00K |
| Total Assets | 296.50M | 208.44M | 107.08M | 41.81M | 45.17M | 54.97M |
| Accounts Payable | 17.71M | 13.72M | 10.04M | 5.92M | 10.90M | 4.40M |
| Accrued Expenses | 868.00K | 782.00K | 312.00K | 23.00K | 56.00K | 219.00K |
| Short-Term Debt | 368.00K | 366.00K | ||||
| Current Portion of Long-Term Debt | 13.15M | 1.80M | 3.15M | 2.79M | 3.98M | |
| Current Portion of Leases | 26.00K | 69.00K | 97.00K | 88.00K | 99.00K | |
| Current Income Taxes Payable | 18.24M | 13.93M | 4.35M | 271.00K | 208.00K | |
| Current Unearned Revenue | 404.00K | 350.00K | ||||
| Other Current Liabilities | 200.00K | 1.74M | 1.04M | |||
| Total Current Liabilities | 50.40M | 28.85M | 16.60M | 9.66M | 16.16M | 10.01M |
| Long-Term Debt | 28.57M | 4.81M | 7.52M | 12.27M | 17.38M | |
| Long-Term Leases | 69.00K | 168.00K | 238.00K | |||
| Long-Term Unearned Revenue | 212.00K | 399.00K | ||||
| Long-Term Deferred Tax Liabilities | 6.70M | 6.96M | 3.22M | |||
| Other Long-Term Liabilities | 20.36M | 21.50M | 5.46M | 3.84M | 2.84M | 1.61M |
| Total Liabilities | 106.24M | 57.71M | 30.16M | 21.18M | 31.50M | 29.00M |
| Common Stock | 163.83M | 162.45M | 121.78M | 87.87M | 88.02M | 88.26M |
| Additional Paid-In Capital | 18.01M | 16.82M | 16.32M | 12.55M | 12.09M | 11.60M |
| Retained Earnings | 6.13M | -30.88M | -64.01M | -81.12M | -87.84M | -75.66M |
| Comprehensive Income & Other | 2.30M | 2.35M | 2.84M | 1.32M | 1.40M | 1.76M |
| Shareholders' Equity | 190.27M | 150.73M | 76.92M | 20.63M | 13.67M | 25.97M |
| Total Liabilities & Equity | 296.50M | 208.44M | 107.08M | 41.81M | 45.17M | 54.97M |
| Total Debt | 41.74M | 69.00K | 6.78M | 10.92M | 15.76M | 21.73M |
| Net Cash (Debt) | 72.09M | 79.24M | 7.75M | -9.43M | -15.24M | -19.79M |
| Net Cash Per Share | 0.82 | 0.95 | 0.11 | -0.14 | -0.23 | -0.30 |
| Filing Date Shares Outstanding | 87.61M | 87.56M | 79.30M | 65.68M | 65.82M | 65.83M |
| Total Common Shares Outstanding | 87.59M | 87.01M | 79.25M | 65.55M | 65.74M | 65.93M |
| Working Capital | 106.20M | 82.87M | 10.77M | 7.06M | -3.25M | -77.00K |
| Book Value Per Share | 2.17 | 1.73 | 0.97 | 0.31 | 0.21 | 0.39 |
| Tangible Book Value | 190.27M | 150.73M | 76.92M | 20.63M | 13.67M | 25.97M |
| Tangible Book Value Per Share | 2.17 | 1.73 | 0.97 | 0.31 | 0.21 | 0.39 |
| Land | 5.63M | 5.39M | 3.25M | |||
| Buildings | 53.69M | 49.11M | 46.93M | |||
| Machinery | 42.77M | 42.32M | 39.71M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 52.51M | 33.74M | 19.15M | 6.80M | -11.98M | 9.96M |
| Depreciation & Amortization | 11.16M | 8.81M | 7.89M | 13.60M | 20.53M | 7.25M |
| Loss (Gain) From Sale of Assets | -12.01M | |||||
| Stock-Based Compensation | 3.20M | 1.97M | 1.02M | 650.00K | 544.00K | 340.00K |
| Other Operating Activities | 3.62M | 4.42M | 8.08M | 3.81M | 4.05M | 946.00K |
| Change in Accounts Receivable | 171.00K | 54.00K | -79.00K | 412.00K | -921.00K | -147.00K |
| Change in Inventory | -16.21M | -8.53M | -5.84M | -10.10M | 3.52M | -4.05M |
| Change in Accounts Payable | 14.32M | 12.66M | 4.08M | -2.92M | 660.00K | 716.00K |
| Change in Other Net Operating Assets | 815.00K | -147.00K | 147.00K | 218.00K | -27.00K | -431.00K |
| Operating Cash Flow | 72.43M | 52.98M | 34.45M | 12.47M | 16.38M | 2.57M |
| Capital Expenditures | -16.08M | -18.81M | -12.88M | -4.76M | -8.80M | -6.29M |
| Cash Acquisitions | -307.00K | |||||
| Divestitures | -13.00K | |||||
| Investment in Securities | -41.04M | -1.80M | ||||
| Other Investing Activities | -722.00K | 273.00K | ||||
| Investing Cash Flow | -57.84M | -20.34M | -13.19M | -4.76M | -8.80M | -6.30M |
| Long-Term Debt Issued | 8.00M | 14.00M | ||||
| Total Debt Issued | 8.00M | 14.00M | ||||
| Long-Term Debt Repaid | -8.51M | -5.50M | -14.30M | -8.49M | -11.51M | |
| Lease Payments | -51.00K | -103.00K | -101.00K | -99.00K | -24.00K | |
| Net Debt Issued (Repaid) | -7.17M | -8.51M | -5.50M | -6.30M | -8.49M | 2.49M |
| Issuance of Common Stock | 40.35M | 42.00M | 2.52M | 621.00K | ||
| Repurchase of Common Stock | -1.36M | -4.70M | -413.00K | -495.00K | ||
| Other Financing Activities | -4.78M | -2.06M | -557.00K | -34.00K | ||
| Financing Cash Flow | 28.40M | 30.07M | -8.23M | -6.75M | -8.99M | 3.12M |
| Foreign Exchange Rate Adjustments | 323.00K | 44.00K | -10.00K | 20.00K | -16.00K | -76.00K |
| Net Cash Flow | 43.32M | 62.76M | 13.02M | 975.00K | -1.42M | -689.00K |
| Free Cash Flow | 56.35M | 34.17M | 21.57M | 7.71M | 7.58M | -3.71M |
| Free Cash Flow Margin | 26.94% | 23.01% | 23.43% | 11.69% | 11.96% | -10.47% |
| Free Cash Flow Per Share | 0.64 | 0.41 | 0.29 | 0.12 | 0.12 | -0.06 |
| Levered Free Cash Flow | 56.34M | 19.92M | 27.70M | 6.49M | 9.20M | -15.61M |
| Unlevered Free Cash Flow | 56.67M | 20.41M | 28.11M | 7.08M | 10.25M | -14.80M |
| Free Cash Flow After Leases | 56.30M | 34.06M | 21.47M | 7.61M | 7.56M | -3.71M |
| Cash Interest Paid | 57.00K | 34.00K | ||||
| Cash Income Tax Paid | 18.30M | 7.64M | 2.64M | |||
| Change in Working Capital | 1.95M | 4.04M | -1.70M | -12.38M | 3.23M | -3.92M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 646.71M | 505.76M | 175.15M | 135.51M | 65.56M | 187.56M |
| Enterprise Value | 573.34M | 480.87M | 177.36M | 152.40M | 81.25M | 211.03M |
| Last Close Price | 7.49 | 5.80 | 2.21 | 2.05 | 1.04 | 3.08 |
| PE Ratio | 12.33 | 14.99 | 9.14 | 19.93 | 18.82 | |
| PS Ratio | 3.09 | 3.41 | 1.90 | 2.06 | 1.03 | 5.28 |
| PB Ratio | 3.40 | 3.35 | 2.28 | 6.57 | 4.80 | 7.22 |
| P/TBV Ratio | 3.40 | 3.35 | 2.28 | 6.57 | 4.80 | 7.22 |
| P/FCF Ratio | 11.48 | 14.80 | 8.12 | 17.58 | 8.65 | |
| P/OCF Ratio | 8.93 | 9.55 | 5.08 | 10.87 | 4.00 | 72.89 |
| EV/Sales Ratio | 2.74 | 3.24 | 1.93 | 2.31 | 1.28 | 5.95 |
| EV/EBITDA Ratio | 5.96 | 7.62 | 4.21 | 6.20 | 6.39 | 27.35 |
| EV/EBIT Ratio | 6.74 | 8.86 | 5.17 | 13.78 | 453.21 | |
| EV/FCF Ratio | 10.17 | 14.07 | 8.22 | 19.77 | 10.72 | |
| Debt / Equity Ratio | 0.22 | 0.00 | 0.09 | 0.53 | 1.15 | 0.84 |
| Debt / EBITDA Ratio | 0.43 | 0.00 | 0.16 | 0.44 | 1.24 | 2.82 |
| Debt / FCF Ratio | 0.74 | 0.00 | 0.31 | 1.42 | 2.08 | |
| Net Debt / Equity Ratio | -0.38 | -0.53 | -0.10 | 0.46 | 1.11 | 0.76 |
| Net Debt / EBITDA Ratio | -0.75 | -1.26 | -0.18 | 0.38 | 1.20 | 2.56 |
| Net Debt / FCF Ratio | -1.28 | -2.32 | -0.36 | 1.22 | 2.01 | -5.33 |
| Asset Turnover | 0.95 | 0.94 | 1.24 | 1.52 | 1.27 | 0.68 |
| Inventory Turnover | 2.89 | 3.25 | 3.07 | 2.50 | 3.94 | 4.37 |
| Quick Ratio | 2.27 | 2.76 | 0.89 | 0.19 | 0.10 | 0.20 |
| Current Ratio | 3.11 | 3.87 | 1.65 | 1.73 | 0.80 | 0.99 |
| Return on Equity (ROE) | 36.63% | 29.64% | 39.27% | 39.65% | -60.43% | 46.47% |
| Return on Assets (ROA) | 24.12% | 21.50% | 28.78% | 15.89% | -9.73% | 0.56% |
| Return on Invested Capital (ROIC) | 44.39% | 47.59% | 45.08% | 28.71% | -20.88% | 1.15% |
| Return on Capital Employed (ROCE) | 34.60% | 30.20% | 37.90% | 34.40% | -26.90% | 1.00% |
| Earnings Yield | 8.11% | 6.67% | 10.94% | 5.02% | -18.27% | 5.31% |
| FCF Yield | 8.71% | 6.76% | 12.32% | 5.69% | 11.56% | -1.98% |
| Buyback Yield / Dilution | -8.75% | -12.91% | -10.82% | -1.08% | 0.01% | -6.67% |