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Fortitude Gold (FTCO) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 4, 2026 · Fortitude Gold (FTCO) Q2 2026 earnings results →
Q2 2026 Revenue up 68% year over year to $8.2M · 23¢ of every $1 of revenue lost · operating margin 11.0%
Fortitude Gold made $8.2M in Q2 2026 (+68% Y/Y). Operating margin 11.0%, net loss $1.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.
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What changed this quarter
Revenue was $8.2M in Q2 2026, up 68% year over year and up 156% from the previous quarter.
Gross margin was 66.1%, up 11.7 points from Q2 2025. Operating profit was $899K, a 11.0% margin (down 54.4 points year over year). Operating profit fell $2.3M even though revenue rose $3.3M versus Q2 2025, so costs grew faster than sales. The quarter ended with a net loss of $1.9M, narrower than the previous quarter's $1.9M loss. Minority interests bore $2.5M of it: to shareholders the quarter was a profit of $577K. Net interest and other expense of $2.8M was the main reason.
Operating cash flow was −$4.4M. Non-cash charges added back $600K of depreciation and amortization and $523K of share-based compensation. Working capital and other items used $3.6M. Capital expenditures of $710K exceeded it, leaving free cash flow of −$5.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 4, 2026 | $8.2M | +68% | 11.0% | −$1.9M | −$4.4M |
| Q1 2026 | 10-Q | May 11, 2026 | $3.2M | -51% | -28.4% | −$1.9M | −$3.4M |
| Q4 2025 | 10-K | Mar 3, 2026 | $2.3M | -75% | -49.4% | −$1.9M | −$4.5M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $4.7M | -54% | 50.8% | $233K | −$3.8M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $4.9M | -49% | 65.3% | $849K | −$2.3M |
| Q1 2025 | 10-Q | Apr 29, 2025 | $6.5M | -20% | 68.1% | $1.2M | −$2.4M |
Charts
Interactive views
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💵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 Fortitude Gold
Fortitude Gold Corporation was organized under the laws of the State of Colorado on August 11, 2020. In this report, “Company,” “our,” “us” and “we” refer to Fortitude Gold Corporation together with its subsidiaries, unless the context otherwise requires. We are a mining company which pursues gold and silver projects that are expected to have both low operating costs and high returns on capital. We are presently focused on mineral production from our Isabella Pearl Mine in Nevada. The ore mined at Isabella Pearl is processed on site at our processing facilities and sold to a refiner as doré, which contains precious metals of gold and silver. We also continue exploration and evaluation work on our portfolio of other precious metal properties in Nevada and continue to evaluate other properties for possible acquisition.
In its own words, from its 10-K, filed Mar 3, 2026.
Fortitude Gold against its Gold and Silver Ores peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +68% against the peers' median +27%. Operating margin: 11.0% against the peers' median 38.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FTCO Fortitude Gold | Q2 2026 | $8.2M | +68% | 11.0% |
| NEM Newmont | Q3 2026 | $6.4B | +15% | 49.7% |
| B Barrick Mining | Q2 2025 | $3.7B | +16% | 38.5% |
| CDE Coeur Mining | Q3 2026 | $984M | +77% | 17.7% |
| WPM Wheaton Precious Metals | Q3 2026 | $772M | — | 66.2% |
| AG First Majestic Silver | Q3 2026 | $394M | — | 38.6% |
| FNV Franco Nevada | Q2 2025 | $369M | +42% | 82.8% |
| MUX McEwen | Q2 2026 | $59.2M | +27% | 13.0% |
| IAUX i-80 Gold | Q3 2026 | $32.7M | +2% | -132.4% |
Source: Fortitude Gold 10-Q on SEC EDGAR · CIK 1828377 · Gold and Silver Ores
13F: who owns FTCO and who is buying
More on FTCO
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results