Filing Flows › i-80 Gold (IAUX) › Q4 2025
i-80 Gold (IAUX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
i-80 Gold (IAUX) reported revenue of $21.3M for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -34% from the quarter before. Operating margin was -291.6%, net loss $85.6M (401.9% of revenue).
i-80 Gold, Q4 2025: revenue $21.3M (-8% year over year), operating margin -291.6%, net loss $85.6M, operating cash flow −$34.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.3M | -34% | -8% |
| Operating profit | −$62.1M | — | — |
| Net earnings | −$85.6M | — | — |
| Operating cash flow | −$34.3M | — | — |
What changed
Revenue was $21.3M in Q4 2025, down 8% year over year and down 34% from the previous quarter. Gold and silver was the largest line at 63% of revenue.
Gross margin was 22.0%, up 14.2 points from a year earlier. Operating costs exceeded revenue by $62.1M, an operating margin of -291.6%. Operating expenses grew 245% against a revenue fall of 8%. The fastest-growing cost line was Other operating costs (+340%). The quarter ended with a net loss of $85.6M, wider than the previous quarter's $41.9M loss.
Operating cash flow was −$34.3M. Non-cash charges added back $4.1M of share-based compensation. Working capital and other items added $47.1M. Capital expenditures of $4.9M exceeded it, leaving free cash flow of −$39.2M.
Questions
What was i-80 Gold's revenue in the fourth quarter 2025?
i-80 Gold (IAUX) reported revenue of $21.3M for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -34% from the quarter before.
Was i-80 Gold profitable in the fourth quarter 2025?
Operating loss was $62.1M (-291.6% of revenue) and net loss $85.6M.
Source: i-80 Gold 10-K on SEC EDGAR.