Forensic Analysis · Energy / Oil & Gas · as of Jun 27, 2026

UNITED STATES ANTIMONY CORP (UAMY)

A forensic read on UNITED STATES ANTIMONY CORP built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Safe

Financial health

12.0

Altman Z-score

Watch

Earnings quality

Forensic signals

-16.9%

ROE

$1.0B

Market cap

UNITED STATES ANTIMONY CORP earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 12.0, placing it in the Safe zone. 6 forensic signals were flagged in its latest SEC filings, led by accruals ratio.

What the filings flag

+164.6%Accruals ratio. Net operating assets grew +164.6% relative to their average in FY2025 — the accrual component of earnings. Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The cash-flow cross-check agrees: reported earnings ran ahead of operating cash by +9% of net operating assets.

39d DSOReceivables vs revenue. Days sales outstanding moved from 27 to 39 days FY2024→FY2025 (receivables +283% vs revenue +163%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections.

156dInventory days. Days inventory outstanding moved from 40 to 156 FY2024→FY2025 (against cost of goods sold; inventory +905% vs +156% in cost of sales). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.

-6%Return on invested capital. Return on invested capital is -6% and slipping from 2% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.

+5.4%/yrShare-count dilution. Diluted share count changed +16% over the last 3 years to FY2025 (+5.4%/yr). The count is GROWING — existing holders are being diluted. That's ~5.4% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~16%.

18% of revStock-based comp load. Stock-based compensation ran 18% of revenue in FY2025 — about $0.06 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.

Key fundamentals

Net Margin-11.1%

Debt / Equity0.00x

Free Cash Flow$-37.5M

Latest Revenue$39.3M

Return on Equity-3.1%

Revenue Growth YoY+162.8%

Go deeper — free with an account

The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on UNITED STATES ANTIMONY CORP:

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🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress

🔒Calibrated 12-month price forecast, with the math shown

🔒Peer comparison + filing-change monitoring & alerts

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Data from SEC EDGAR public filings · metrics as of Jun 27, 2026. Forensic signals flag probability, not certainty.