Filing Flows › Coeur Mining (CDE) › Q4 2025
Coeur Mining (CDE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Coeur Mining (CDE) reported revenue of $675M for the fourth quarter 2025 (Q4 2025), +121% from a year earlier and +22% from the quarter before. Operating margin was 48.6%, net earnings $215M (31.9% of revenue).
Coeur Mining, Q4 2025: revenue $675M (+121% year over year), operating margin 48.6%, net earnings $215M, operating cash flow $375M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $675M | +22% | +121% |
| Operating profit | $328M | +85% | +393% |
| Net earnings | $215M | -19% | +468% |
| Operating cash flow | $375M | +58% | +487% |
| Free cash flow | $313M | +66% | 19× |
What changed
Revenue was $674.8M in Q4 2025, up 121% year over year and up 22% from the previous quarter. Gold sales was the largest line at 63% of revenue.
Operating profit was $327.7M, a 48.6% margin (up 26.8 points year over year). Of the extra revenue versus a year earlier, 71% reached operating profit, above the 22% margin then. Total costs grew 45% against revenue growth of 121%. The fastest-growing cost line was Other operating costs (+46%). Net earnings were $215.0M, up 468% year over year. The effective tax rate was 34.4%.
Operating cash flow was $374.6M (up 487% year over year), 174% of net earnings. Non-cash charges added back $73.7M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items added $79.3M. Capital expenditures of $61.3M left free cash flow of $313.3M.
Questions
What was Coeur Mining's revenue in the fourth quarter 2025?
Coeur Mining (CDE) reported revenue of $675M for the fourth quarter 2025 (Q4 2025), +121% from a year earlier and +22% from the quarter before.
Was Coeur Mining profitable in the fourth quarter 2025?
Operating profit was $328M (48.6% of revenue) and net earnings $215M.
Source: Coeur Mining 10-K on SEC EDGAR.