Filing Flows › i-80 Gold (IAUX) › Q1 2026
i-80 Gold (IAUX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
i-80 Gold (IAUX) reported revenue of $52.4M for the first quarter 2026 (Q1 2026), +273% from a year earlier and +146% from the quarter before. Operating margin was -41.6%, net loss $78.6M (150.0% of revenue).
i-80 Gold, Q1 2026: revenue $52.4M (+273% year over year), operating margin -41.6%, net loss $78.6M, operating cash flow −$45.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.4M | +146% | +273% |
| Operating profit | −$21.8M | — | — |
| Net earnings | −$78.6M | — | — |
| Operating cash flow | −$45.1M | — | — |
What changed
Revenue was $52.4M in Q1 2026, up 273% year over year and up 146% from the previous quarter. Gold and silver was the largest line at 81% of revenue. Gold and silver added $34.6M year over year (up 440%), 90% of the total change.
Gross margin was 30.7%, up 10.0 points from Q1 2025. Operating costs exceeded revenue by $21.8M, an operating margin of -41.6%. Operating expenses grew 103% against revenue growth of 273%. The fastest-growing cost line was Other operating costs (+121%). The quarter ended with a net loss of $78.6M, narrower than the previous quarter's $85.6M loss. Net interest and other expense of $55.6M was the main reason.
Operating cash flow was −$45.1M. Non-cash charges added back $2.5M of share-based compensation. Working capital and other items added $31.0M. Capital expenditures of $11.9M exceeded it, leaving free cash flow of −$56.9M.
Questions
What was i-80 Gold's revenue in the first quarter 2026?
i-80 Gold (IAUX) reported revenue of $52.4M for the first quarter 2026 (Q1 2026), +273% from a year earlier and +146% from the quarter before.
Was i-80 Gold profitable in the first quarter 2026?
Operating loss was $21.8M (-41.6% of revenue) and net loss $78.6M.
Source: i-80 Gold 10-Q on SEC EDGAR.