Fortuna Mining (FSM) Financial Statements & Analysis

Fortuna Mining (FSM) Income Statement

Fortuna Mining reported revenue of $960.06M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 41.8% from $677.24M a year earlier. Net income was $302.13M, up 145.8% year over year, a net margin of 31.5%. Gross margin was 48.7% and operating margin 38.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $318.41M, up 38.2% from the same quarter a year earlier.

Fortuna Mining Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Fortuna Mining Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	960.06	677.24	842.43	681.49	599.85	278.97	257.19	263.30	268.11
Cost of Revenue	492.08	443.88	652.40	534.70	394.38	168.75	172.61	166.73	158.55
Gross Profit	467.98	233.36	190.03	146.80	205.48	110.22	84.58	96.57	109.56
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	98.18	68.09	64.07	61.46	45.36	35.09	29.81	26.19	24.91
Operating Expenses	98.18	77.21	190.43	62.68	68.60	35.97	32.50	27.62	26.17
Operating Income	369.80	156.15	-0.41	85.69	136.88	57.24	53.28	61.59	110.33
Other Income/Expense
Interest Income	14.80	9.72	12.40	1.85	1.85	1.22	1.84	3.43	1.95
Interest Expense	25.06	-24.75	-22.15	13.72	-12.59	2.26	1.45	1.92	1.67
Other Income/Expense	37.38	19.43	22.29	-11.56	-33.67	1.72	9.78	5.75	-5.38
Income
Income Before Tax	407.18	141.73	-11.05	-125.11	107.18	58.96	43.97	67.34	104.95
Income Tax Expense	113.35	51.42	32.58	10.80	47.78	37.40	20.18	33.35	38.65
Net Income	302.13	122.91	-50.84	-135.91	57.88	21.55	23.80	33.99	66.31
Net Income - Continuous Operations	302.13	128.74	-43.63	-135.91	59.40	21.55	23.80	33.99	66.31
Net Income - Discontinued Operations	22.29	51.59	-	-	-	-	-	-	-
EBITDA	566.40	327.93	320.96	59.05	261.29	106.62	91.77	114.04	149.80
EBIT	426.06	161.99	44.11	-40.66	141.52	-	-	-	-
Depreciation & Amortization	196.60	165.94	276.85	172.81	119.77	45.41	46.00	44.77	42.52
Earnings Per Share
Basic EPS	1.00	-	-	-	-	-	-	-	-
Diluted EPS	1.00	-	-	-	-	-	-	-	-
Basic Shares Outstanding	306.86	308.89	295.07	291.21	238.00	179.61	160.19	159.79	158.04
Diluted Shares Outstanding	334.90	310.75	295.07	291.28	249.44	186.07	164.53	161.64	158.31

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Fortuna Mining Financial Statements

What was Fortuna Mining's revenue in fiscal 2025?

Fortuna Mining reported revenue of $960.06M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 41.8% from $677.24M a year earlier.

Is Fortuna Mining profitable?

Yes. Fortuna Mining earned net income of $302.13M in fiscal 2025, a net margin of 31.5%. In fiscal 2024 it earned $122.91M.

What is Fortuna Mining's operating margin?

Fortuna Mining's operating income was $369.80M on revenue of $960.06M in fiscal 2025, an operating margin of 38.5%, compared with 23.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition