Filing Flows › Fortitude Gold (FTCO) › Q4 2025
Fortitude Gold (FTCO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 3, 2026
Fortitude Gold (FTCO) reported revenue of $2.3M for the fourth quarter 2025 (Q4 2025), -75% from a year earlier and -50% from the quarter before. Operating margin was -49.4%, net loss $1.9M (81.7% of revenue).
Fortitude Gold, Q4 2025: revenue $2.3M (-75% year over year), operating margin -49.4%, net loss $1.9M, operating cash flow −$4.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3M | -50% | -75% |
| Operating profit | −$1.2M | -149% | — |
| Net earnings | −$1.9M | -920% | — |
| Operating cash flow | −$4.5M | — | — |
What changed
Revenue was $2.3M in Q4 2025, down 75% year over year and down 50% from the previous quarter.
Gross margin was 66.1%, up 17.3 points from Q4 2024. Operating costs exceeded revenue by $1.2M, an operating margin of -49.4%. The quarter ended with a net loss of $1.9M, after a profit of $233K the previous quarter.
Operating cash flow was −$4.5M. Non-cash charges added back $306K of depreciation and amortization and $281K of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $686K exceeded it, leaving free cash flow of −$5.2M.
Questions
What was Fortitude Gold's revenue in the fourth quarter 2025?
Fortitude Gold (FTCO) reported revenue of $2.3M for the fourth quarter 2025 (Q4 2025), -75% from a year earlier and -50% from the quarter before.
Was Fortitude Gold profitable in the fourth quarter 2025?
Operating loss was $1.2M (-49.4% of revenue) and net loss $1.9M.
Source: Fortitude Gold 10-K on SEC EDGAR.