NYSE$SVM
Silvercorp Metals Inc · Q3 2026 earnings
Q3 2026 earnings · · After market close · Investor relations
Briefing
Silvercorp Q3 FY26: record $126M revenue (+51%) but GAAP loss on derivative mark; adjusted EPS $0.22
Silvercorp Metals reported results for the three months ended December 31, 2025, with revenue surging 51% to $126.1 million on higher silver prices and strong production from its Ying Mining District in China. Mine operations generated $77.1 million in income, but the company reported a net loss attributable to shareholders of $15.8 million, or $0.07 per share, driven largely by a $60.2 million non-cash loss on derivative liabilities. On an adjusted basis excluding these items, net income attributable to equity holders was $47.9 million, or $0.22 per share, with consolidated cash cost per ounce of silver net of by-product credits at negative $3.02.
- Quarterly revenue rose 51% YoY to $126.1M on record sales of ~1.9M oz silver and 2,250 oz gold; silver represented 72% of revenue at a realized price of $49.0/oz.
- GAAP net loss attributable to shareholders was $15.8M ($0.07/share) due to a $60.2M derivative liability loss; adjusted net income was $47.9M ($0.22/share).
- Consolidated cash cost per ounce of silver net of by-product credits improved to negative $3.02 from negative $1.88; AISC was $12.86 per ounce.
- Produced ~2.0M silver-equivalent ounces in the quarter; Ying Mining District ore processed rose 18% with greater use of mechanized shrinkage mining.
- Cash and cash equivalents stood at $462.4M at December 31, 2025, up from $364.0M at fiscal year-end March 2025.
Headline financials
Revenue & EPS history
Silvercorp · Revenue · Quarterly
$126M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2026
+0.0%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+2.3%
Avg return
30 days after
49%
31 / 63 earnings
Positive
+16.1%
Q2 2014
Best reaction
-22.4%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | +1.9% | +14.4% | +28.2% | |
| Q2 2026 | -6.4% | -5.2% | +2.1% | |
| Q4 2025 | -4.1% | +1.6% | +5.2% | |
| Q3 2025 | +7.8% | +12.4% | +26.7% | |
| Q2 2025 | -7.0% | -11.0% | -29.3% | |
| Q1 2025 | +6.9% | +13.1% | +16.6% | |
| Q4 2024 | +6.2% | +9.3% | -9.8% | |
| Q3 2024 | +4.8% | +0.0% | +19.8% | |
| Q2 2024 | -0.5% | +6.0% | +23.7% | |
| Q1 2024 | -0.4% | -3.8% | -9.4% | |
| Q4 2023 | -11.0% | -14.6% | -17.9% | |
| Q3 2023 | +0.9% | +0.6% | -7.6% | |
| Q2 2023 | +14.5% | +17.1% | +27.8% | |
| Q1 2023 | +0.0% | -1.1% | -11.8% | |
| Q4 2022 | +6.2% | -1.1% | -0.7% | |
| Q3 2022 | -0.6% | +3.5% | +22.6% | |
| Q2 2022 | +4.3% | +8.3% | -12.1% | |
| Q1 2022 | -1.5% | -9.1% | -3.8% | |
| Q4 2021 | +1.2% | +5.3% | -4.5% | |
| Q3 2021 | -3.4% | -4.0% | -20.9% | |
| Q2 2021 | +15.8% | +8.3% | -13.6% | |
| Q1 2021 | -4.2% | -5.2% | +5.7% | |
| Q4 2020 | -5.1% | -8.7% | +7.4% | |
| Q3 2020 | -22.4% | -18.7% | -32.8% | |
| Q2 2020 | +0.0% | +9.0% | +22.1% | |
| Q1 2020 | +11.0% | +13.4% | +24.6% | |
| Q4 2019 | +2.4% | -1.9% | +23.6% | |
| Q3 2019 | +6.7% | +12.5% | +16.1% | |
| Q2 2019 | -2.7% | -4.0% | -10.3% | |
| Q1 2019 | -1.8% | -4.7% | -6.1% | |
| Q4 2018 | -1.7% | -3.4% | -5.7% | |
| Q3 2018 | -4.4% | +5.2% | +2.4% | |
| Q2 2018 | +0.4% | -2.8% | -12.6% | |
| Q1 2018 | +0.4% | -2.5% | +12.5% | |
| Q4 2017 | +3.4% | -3.0% | +3.7% | |
| Q3 2017 | +7.7% | — | — | |
| Q2 2017 | +0.0% | — | — | |
| Q1 2017 | -1.8% | — | — | |
| Q4 2016 | -9.1% | — | — | |
| Q3 2016 | +10.3% | — | — | |
| Q2 2016 | +1.0% | — | — | |
| Q1 2016 | -3.1% | — | — | |
| Q4 2015 | -1.6% | — | — | |
| Q3 2015 | +7.8% | — | — | |
| Q2 2014 | +16.1% | — | — | |
| Q4 2013 | -10.6% | — | — | |
| Q1 2014 | -10.6% | — | — | |
| Q3 2013 | -5.9% | — | — | |
| Q2 2013 | -4.5% | — | — | |
| Q4 2012 | +0.4% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q3 2012 | +0.4% | — | — | |
| Q2 2012 | -3.6% | — | — | |
| Q4 2011 | +4.0% | — | — | |
| Q1 2012 | +4.0% | — | — | |
| Q3 2011 | -2.2% | — | — | |
| Q2 2011 | +4.1% | — | — | |
| Q3 2010 | -8.6% | — | — | |
| Q1 2011 | -8.6% | — | — | |
| Q4 2010 | -8.6% | — | — | |
| Q1 2010 | +2.4% | — | — | |
| Q2 2010 | +0.4% | — | — | |
| Q4 2009 | +2.9% | — | — |
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