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Coeur Mining (CDE) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Coeur Mining (CDE) Q3 2026 earnings results →

Q3 2026 Revenue up 77% year over year to $984M · 11¢ of every $1 of revenue kept as net profit · operating margin 17.7%

Coeur Mining made $984M in Q3 2026 (+77% Y/Y). Operating margin 17.7%, net earnings $109M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$984M
Year over year+77%
Operating margin17.7%
Net earnings$109M
Operating cash flow$386M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $983.6M in Q3 2026, up 77% year over year and down 9% from the previous quarter.

Operating profit was $174.5M, a 17.7% margin (down 14.2 points year over year). Operating profit fell $2.6M even though revenue rose $429.0M versus Q3 2025, so costs grew faster than sales. Total costs grew 114% against revenue growth of 77%. The fastest-growing cost line was Other operating costs (+117%). Net earnings were $109.4M, down 59% year over year. The effective tax rate was 37.3%.

Operating cash flow was $385.6M (up 62% year over year), 353% of net earnings. Non-cash charges added back $261.2M of depreciation and amortization and $8.6M of share-based compensation. After capital Expenditures ($145.4M), free cash flow 1 as the company reports it was $240.2M.

Quarterly history

Coeur Mining revenue by quarterCoeur Mining revenue by quarter$360MQ1 2025$481MQ2 2025$555MQ3 2025$675MQ4 2025$856MQ1 2026$1.1BQ2 2026$984MQ3 2026
Coeur Mining net earnings by quarterCoeur Mining net earnings by quarter$33.4MQ1 2025$70.7MQ2 2025$267MQ3 2025$215MQ4 2025$247MQ1 2026$122MQ2 2026$109MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$984M+77%17.7%$109M$386M
Q2 202610-QAug 5, 2026$1.1B+126%19.9%$122M$513M
Q1 202610-QMay 6, 2026$856M+138%40.8%$247M$341M
Q4 202510-KFeb 18, 2026$675M+121%48.6%$215M$375M
Q3 202510-QOct 29, 2025$555M+77%31.9%$267M$238M
Q2 202510-QAug 6, 2025$481M+116%29.1%$70.7M$207M
Q1 202510-QMay 7, 2025$360M+69%17.3%$33.4M$67.6M

Charts

Coeur Mining: revenue growth, year over year and quarter over quarterCoeur Mining: revenue growth, year over year and quarter over quarterY/YQ/Q+69%Q1 2025+116%+33%Q2 2025+77%+15%Q3 2025+121%+22%Q4 2025+138%+27%Q1 2026+126%+27%Q2 2026+77%-9%Q3 2026
Latest (Q3 2026): Y/Y +77%, Q/Q -9%.
Coeur Mining: where the cash came from (+) and went (−), TTM to Q3 2026Coeur Mining: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$1.6BCash drawn (+) / kept (−)−$909MCapital spending−$407MOther financing−$342MAcquisitions$122MNet borrowing (+) / repaid (−)−$80.5MOther investing$2.2MExchange rates−$1.8MShares issued$1.3M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Coeur Mining: profit against cash, quarter by quarterCoeur Mining: profit against cash, quarter by quarterNet incomeOperating cash flow$37.9M$63.8MQ4 2024$33.4M$67.6MQ1 2025$70.7M$207MQ2 2025$267M$238MQ3 2025$215M$375MQ4 2025$247M$341MQ1 2026$122M$513MQ2 2026$109M$386MQ3 2026
Latest (Q3 2026): Net income $109M, Operating cash flow $386M.
Coeur Mining: diluted shares by fiscal yearCoeur Mining: diluted shares by fiscal year243MFY2020250MFY2021275MFY2022343MFY2023397MFY2024615MFY2025
+153.4% since FY2020: more shares outstanding (issuance, stock pay).
Coeur Mining in its industry: growth against margin (11 companies, SIC 1040)Coeur Mining in its industry: growth against margin (11 companies, SIC 1040)revenue growth, year over year →↑ operating marginmedian +16%median 13%NEMBFNVMUXIAUXURGIDRFTCONMEXVRDRCDE (+77%, 18%)
Gold and Silver Ores; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

Gold & silver miners money flowGold & silver miners · Silver miners

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Coeur Mining

Coeur Mining, Inc. (“Coeur”, “the Company”, or “we”), founded in 1928, is a precious metals producer with assets located in the United States, Canada, and Mexico. Our common stock is listed on The New York Stock Exchange under the symbol “CDE”. Coeur’s strategy is to be a well-diversified, growing precious metals producer with a focus on generating sustainable, high-quality cash flow and returns from a balanced, prospective asset base in mining-friendly jurisdictions along with our commitment to exploration and expansions. Our strategy is guided by our purpose statement, We Pursue a Higher Standard , and three key principles: Protect our People, Places and Planet; Develop Quality Resources, Growth and Plans; and Deliver Impactful Results Through Teamwork .

In its own words, from its 10-K, filed Feb 18, 2026.

Coeur Mining against its Gold and Silver Ores peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +77% against the peers' median +27%. Operating margin: 17.7% against the peers' median 38.5%.

CompanyQuarterRevenueY/YOp. margin
CDE Coeur MiningQ3 2026$984M+77%17.7%
NEM NewmontQ3 2026$6.4B+15%49.7%
B Barrick MiningQ2 2025$3.7B+16%38.5%
WPM Wheaton Precious MetalsQ3 2026$772M—66.2%
AG First Majestic SilverQ3 2026$394M—38.6%
FNV Franco NevadaQ2 2025$369M+42%82.8%
MUX McEwenQ2 2026$59.2M+27%13.0%
IAUX i-80 GoldQ3 2026$32.7M+2%-132.4%
URG Ur-EnergyQ2 2026$14.4M+38%-128.3%

Source: Coeur Mining 10-Q on SEC EDGAR · CIK 215466 · Gold and Silver Ores

Guidance and outlook

Coeur Mining: what its forward-looking statements are about (10-Q filed 2026-11-04)Coeur Mining: what its forward-looking statements are about (10-Q filed 2026-11-04)Other6Financing4Buybacks & dividends2Margins1Costs1Capital spending1
15 statements; tone +0.33 (−1 all cautious, +1 all confident); 1 hedged.
Coeur Mining: outlook statements against the filing beforeCoeur Mining: outlook statements against the filing beforeConfident6Cautious1

13F: who owns CDE and who is buying

Largest holders of CDE (13F)Largest holders of CDE (13F)BlackRock$2.1BVan ECK Associates$1.1BVanguard Group$1.0BState Street$818MVanguard Capital Management LLC$706MVanguard Portfolio Management LLC$677MFMR LLC$672MMirae Asset Global ETFS Holdings$647MGeode Capital Management, LLC$334MVictory Capital Management$259M
Funds' net buying of CDE by quarter (13F)Funds' net buying of CDE by quarter (13F)$11.0M2024-09−$23.6M2024-12−$37.6M2025-03$174M2025-06$87.8M2025-09$623M2025-12$2.4B2026-03$52.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CDE

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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