Filing Flows › Fortitude Gold (FTCO) › Q1 2025
Fortitude Gold (FTCO) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Fortitude Gold (FTCO) reported revenue of $6.5M for the first quarter 2025 (Q1 2025), -20% from a year earlier and -30% from the quarter before. Operating margin was 68.1%, net earnings $1.2M (19.1% of revenue).
Fortitude Gold, Q1 2025: revenue $6.5M (-20% year over year), operating margin 68.1%, net earnings $1.2M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5M | -30% | -20% |
| Gross profit | $3.3M | -27% | -20% |
| Operating profit | $4.5M | -19% | +13% |
| Net earnings | $1.2M | — | — |
| Operating cash flow | −$2.4M | — | — |
What changed
Revenue was $6.5M in Q1 2025, down 20% year over year and down 30% from the previous quarter.
Gross margin was 51.0%, up 0.1 points from a year earlier. Operating profit was $4.5M, a 68.1% margin (up 19.9 points year over year). Net earnings were $1.2M. The effective tax rate was 0.0%.
Operating cash flow was −$2.4M. Non-cash charges added back $942K of depreciation and amortization and $396K of share-based compensation. Working capital and other items used $5.0M. Capital expenditures of $390K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was Fortitude Gold's revenue in the first quarter 2025?
Fortitude Gold (FTCO) reported revenue of $6.5M for the first quarter 2025 (Q1 2025), -20% from a year earlier and -30% from the quarter before.
Was Fortitude Gold profitable in the first quarter 2025?
Operating profit was $4.5M (68.1% of revenue) and net earnings $1.2M.
Source: Fortitude Gold 10-Q on SEC EDGAR.