Filing Flows › i-80 Gold (IAUX) › Q3 2025
i-80 Gold (IAUX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
i-80 Gold (IAUX) reported revenue of $32.0M for the third quarter 2025 (Q3 2025), +178% from a year earlier and +15% from the quarter before. Operating margin was -86.7%, net loss $41.9M (130.8% of revenue).
i-80 Gold, Q3 2025: revenue $32.0M (+178% year over year), operating margin -86.7%, net loss $41.9M, operating cash flow −$15.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.0M | +15% | +178% |
| Operating profit | −$27.8M | — | — |
| Net earnings | −$41.9M | — | — |
| Operating cash flow | −$15.2M | — | — |
What changed
Revenue was $32.0M in Q3 2025, up 178% year over year and up 15% from the previous quarter. Gold and silver was the largest line at 78% of revenue. Gold and silver added $17.5M year over year (up 236%), 85% of the total change.
Gross margin was 9.7%. Operating costs exceeded revenue by $27.8M, an operating margin of -86.7%. The fastest-growing cost line was General & admin (+68%). The quarter ended with a net loss of $41.9M, wider than the previous quarter's $30.2M loss.
Operating cash flow was −$15.2M. Non-cash charges added back $2.5M of share-based compensation. Working capital and other items added $24.1M. Capital expenditures of $3.3M exceeded it, leaving free cash flow of −$18.5M.
Questions
What was i-80 Gold's revenue in the third quarter 2025?
i-80 Gold (IAUX) reported revenue of $32.0M for the third quarter 2025 (Q3 2025), +178% from a year earlier and +15% from the quarter before.
Was i-80 Gold profitable in the third quarter 2025?
Operating loss was $27.8M (-86.7% of revenue) and net loss $41.9M.
Source: i-80 Gold 10-Q on SEC EDGAR.