Filing Flows › Fortitude Gold (FTCO) › Q2 2025
Fortitude Gold (FTCO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Fortitude Gold (FTCO) reported revenue of $4.9M for the second quarter 2025 (Q2 2025), -49% from a year earlier and -25% from the quarter before. Operating margin was 65.3%, net earnings $849K (17.4% of revenue).
Fortitude Gold, Q2 2025: revenue $4.9M (-49% year over year), operating margin 65.3%, net earnings $849K, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9M | -25% | -49% |
| Gross profit | $2.7M | -20% | -45% |
| Operating profit | $3.2M | -28% | -31% |
| Net earnings | $849K | -32% | — |
| Operating cash flow | −$2.3M | — | — |
What changed
Revenue was $4.9M in Q2 2025, down 49% year over year and down 25% from the previous quarter.
Gross margin was 54.4%, up 3.9 points from a year earlier. Operating profit was $3.2M, a 65.3% margin (up 16.7 points year over year). Net earnings were $849K. The effective tax rate was 11.7%.
Operating cash flow was −$2.3M. Non-cash charges added back $600K of depreciation and amortization and $479K of share-based compensation. Working capital and other items used $4.2M. Capital expenditures of $553K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was Fortitude Gold's revenue in the second quarter 2025?
Fortitude Gold (FTCO) reported revenue of $4.9M for the second quarter 2025 (Q2 2025), -49% from a year earlier and -25% from the quarter before.
Was Fortitude Gold profitable in the second quarter 2025?
Operating profit was $3.2M (65.3% of revenue) and net earnings $849K.
Source: Fortitude Gold 10-Q on SEC EDGAR.