Filing Flows › Newmont (NEM) › Q3 2025
Newmont (NEM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 23, 2025
Newmont (NEM) reported revenue of $5.5B for the third quarter 2025 (Q3 2025), +20% from a year earlier and +4% from the quarter before. Operating margin was 46.6%, net earnings $1.8B (33.2% of revenue).
Newmont, Q3 2025: revenue $5.5B (+20% year over year), operating margin 46.6%, net earnings $1.8B, operating cash flow $2.3B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5B | +4% | +20% |
| Operating profit | $2.6B | -16% | +128% |
| Net earnings | $1.8B | -11% | +99% |
| Operating cash flow | $2.3B | -4% | +39% |
| Free cash flow | $1.6B | -8% | +104% |
What changed
Revenue was $5.5B in Q3 2025, up 20% year over year and up 4% from the previous quarter. Gold Sales from Doré Production was the largest line at 62% of revenue. Sales from Concentrate and Other Production added $0.59B year over year (up 40%), 64% of the total change.
Operating profit was $2.6B, a 46.6% margin (up 22.1 points year over year). Of the extra revenue versus a year earlier, 158% reached operating profit, above the 24% margin then. Total costs fell 15% while revenue rose 20%. Net earnings were $1.8B, up 99% year over year. The effective tax rate was 29.9%.
Operating cash flow was $2.3B (up 39% year over year), 125% of net earnings. Non-cash charges added back $0.64B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.73B left free cash flow of $1.6B.
Questions
What was Newmont's revenue in the third quarter 2025?
Newmont (NEM) reported revenue of $5.5B for the third quarter 2025 (Q3 2025), +20% from a year earlier and +4% from the quarter before.
Was Newmont profitable in the third quarter 2025?
Operating profit was $2.6B (46.6% of revenue) and net earnings $1.8B.
Source: Newmont 10-Q on SEC EDGAR.