Filing Flows › Newmont (NEM) › Q2 2025
Newmont (NEM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Newmont (NEM) reported revenue of $5.3B for the second quarter 2025 (Q2 2025), +21% from a year earlier and +6% from the quarter before. Operating margin was 57.7%, net earnings $2.1B (38.8% of revenue).
Newmont, Q2 2025: revenue $5.3B (+21% year over year), operating margin 57.7%, net earnings $2.1B, operating cash flow $2.4B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3B | +6% | +21% |
| Operating profit | $3.1B | +36% | +195% |
| Net earnings | $2.1B | +9% | +142% |
| Operating cash flow | $2.4B | +17% | +67% |
| Free cash flow | $1.7B | +42% | +172% |
What changed
Revenue was $5.3B in Q2 2025, up 21% year over year and up 6% from the previous quarter. Gold Sales from Doré Production was the largest line at 62% of revenue. Gold Sales from Doré Production added $0.46B year over year (up 16%), 50% of the total change.
Operating profit was $3.1B, a 57.7% margin (up 34.1 points year over year). Of the extra revenue versus a year earlier, 222% reached operating profit, above the 24% margin then. Total costs fell 33% while revenue rose 21%. Net earnings were $2.1B, up 142% year over year. The effective tax rate was 34.5%.
Operating cash flow was $2.4B (up 67% year over year), 115% of net earnings. Non-cash charges added back $0.62B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.34B. Capital expenditures of $0.67B left free cash flow of $1.7B.
Questions
What was Newmont's revenue in the second quarter 2025?
Newmont (NEM) reported revenue of $5.3B for the second quarter 2025 (Q2 2025), +21% from a year earlier and +6% from the quarter before.
Was Newmont profitable in the second quarter 2025?
Operating profit was $3.1B (57.7% of revenue) and net earnings $2.1B.
Source: Newmont 10-Q on SEC EDGAR.