Filing Flows › i-80 Gold (IAUX) › Q1 2025
i-80 Gold (IAUX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
i-80 Gold (IAUX) reported revenue of $14.0M for the first quarter 2025 (Q1 2025), +67% from a year earlier and -40% from the quarter before. Operating margin was -112.3%, net loss $41.2M (293.3% of revenue).
i-80 Gold, Q1 2025: revenue $14.0M (+67% year over year), operating margin -112.3%, net loss $41.2M, operating cash flow −$22.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.0M | -40% | +67% |
| Operating profit | −$15.8M | — | — |
| Net earnings | −$41.2M | — | — |
| Operating cash flow | −$22.7M | — | — |
What changed
Revenue was $14.0M in Q1 2025, up 67% year over year and down 40% from the previous quarter. Gold and silver was the largest line at 56% of revenue. Mineralized material added $3.0M year over year (up 93%), 53% of the total change.
Gross margin was 20.7%. Operating costs exceeded revenue by $15.8M, an operating margin of -112.3%. The fastest-growing cost line was General & admin (+18%). The quarter ended with a net loss of $41.2M, wider than the previous quarter's $17.7M loss. Net interest and other expense of $25.4M was the main reason.
Operating cash flow was −$22.7M. Non-cash charges added back $743K of depreciation and amortization and $692K of share-based compensation. Working capital and other items added $17.1M. Capital expenditures of $356K exceeded it, leaving free cash flow of −$23.1M.
Questions
What was i-80 Gold's revenue in the first quarter 2025?
i-80 Gold (IAUX) reported revenue of $14.0M for the first quarter 2025 (Q1 2025), +67% from a year earlier and -40% from the quarter before.
Was i-80 Gold profitable in the first quarter 2025?
Operating loss was $15.8M (-112.3% of revenue) and net loss $41.2M.
Source: i-80 Gold 10-Q on SEC EDGAR.