i-80 Gold Corp.
IAUX NYSE Gold And Silver Ores Financials FY2023–FY2025
Revenue
Total sales reported in the income statement.
$95.2M
89.1%
vs prior year
Operating margin
Operating income as a share of revenue.
−130.7%
46.3 pts
Net income
Profit after all expenses, interest and tax.
−$199M
Free cash flow
Cash from operations minus capital spending.
−$93.2M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−21.4%
7.7 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On −$0.30 EPS (TTM)
What i-80 Gold Corp. does
No business description yet.
- Legal name
- i-80 Gold Corp.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 19, 2026
- Accession · CIK
- 0001628280-26-009886
0001853962
Revenue and margins
i-80 Gold Corp. had $95.2M of revenue in fiscal 2025, up 89.1% on the year before.
FY23
Revenue $54.9M
FY24
Revenue $50.3M
FY25
Revenue $95.2M
Q1 '24
Revenue $8.4M
Q2 '24
Revenue $7.2M
Q3 '24
Revenue $11.5M
Q4 '24
Revenue $23.2M
Q1 '25
Revenue $14.0M
Q2 '25
Revenue $27.8M
Q3 '25
Revenue $32.0M
Q4 '25
Revenue $21.3M
Q1 '26
Revenue $52.4M
Q2 '26
Revenue $24.3M
FY23
Gross −9.4%
Operating −183.9%
Net −163.3%
FCF −172.8%
FY24
Gross −31.2%
Operating −177.0%
Net −241.4%
FCF −167.9%
FY25
Gross 12.1%
Operating −130.7%
Net −208.9%
FCF −97.9%
Gross
Operating
Net
FCF
Q1 '24
Gross −3.5%
Operating −191.6%
Net −234.1%
FCF −308.2%
Q2 '24
Gross −171.4%
Operating −435.2%
Net −570.8%
FCF −349.1%
Q3 '24
Gross −42.7%
Operating −210.0%
Net −374.5%
FCF −206.7%
Q4 '24
Gross 7.8%
Operating −75.5%
Net −76.3%
FCF −41.9%
Q1 '25
Gross 20.7%
Operating −112.3%
Net −293.3%
FCF −164.1%
Q2 '25
Gross 2.9%
Operating −67.4%
Net −108.5%
FCF −44.7%
Q3 '25
Gross 9.7%
Operating −86.7%
Net −130.8%
FCF −57.8%
Q4 '25
Gross 22.0%
Operating −291.6%
Net −401.9%
FCF −184.3%
Q1 '26
Gross 30.7%
Operating −41.6%
Net −150.0%
FCF −108.7%
Q2 '26
Gross 35.4%
Operating −140.2%
Net −215.7%
FCF −292.1%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY23
Net income −$89.7M
FY24
Net income −$122M
FY25
Net income −$199M
Q1 '24
Net income −$19.7M
Q2 '24
Net income −$41.0M
Q3 '24
Net income −$43.1M
Q4 '24
Net income −$17.7M
Q1 '25
Net income −$41.2M
Q2 '25
Net income −$30.2M
Q3 '25
Net income −$41.9M
Q4 '25
Net income −$85.6M
Q1 '26
Net income −$78.6M
Q2 '26
Net income −$52.5M
FY23
Diluted EPS −$0.33
FY24
Diluted EPS −$0.34
FY25
Diluted EPS −$0.30
Q1 '24
Diluted EPS −$0.06
Q2 '24
Diluted EPS −$0.11
Q3 '24
Diluted EPS −$0.11
Q4 '24
Diluted EPS −$0.06
Q1 '25
Diluted EPS −$0.10
Q2 '25
Diluted EPS −$0.05
Q3 '25
Diluted EPS −$0.05
Q4 '25
Diluted EPS −$0.10
Q1 '26
Diluted EPS −$0.09
Q2 '26
Diluted EPS −$0.06
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY23
Return on capital −15.2%
Return on equity −26.0%
Return on assets −13.7%
FY24
Return on capital −13.7%
Return on equity −35.4%
Return on assets −18.6%
FY25
Return on capital −21.4%
Return on equity −57.9%
Return on assets −29.3%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was −$93.2M in fiscal 2025, −97.9% of revenue. Cash from operations minus capital spending.
FY23
Free cash flow −$94.9M
FY24
Free cash flow −$84.5M
FY25
Free cash flow −$93.2M
Q1 '24
Free cash flow −$25.9M
Q2 '24
Free cash flow −$25.1M
Q3 '24
Free cash flow −$23.8M
Q4 '24
Free cash flow −$9.7M
Q1 '25
Free cash flow −$23.1M
Q2 '25
Free cash flow −$12.4M
Q3 '25
Free cash flow −$18.5M
Q4 '25
Free cash flow −$39.2M
Q1 '26
Free cash flow −$56.9M
Q2 '26
Free cash flow −$71.1M
FY23
Cash from operations −$77.5M
Capital spending $17.4M
FY24
Cash from operations −$82.5M
Capital spending $2.0M
FY25
Cash from operations −$83.6M
Capital spending $9.6M
Cash from operations
Capital spending
Q1 '24
Cash from operations −$25.2M
Capital spending $0.7M
Q2 '24
Cash from operations −$24.6M
Capital spending $0.5M
Q3 '24
Cash from operations −$23.5M
Capital spending $0.3M
Q4 '24
Cash from operations −$9.2M
Capital spending $0.5M
Q1 '25
Cash from operations −$22.7M
Capital spending $0.4M
Q2 '25
Cash from operations −$11.3M
Capital spending $1.1M
Q3 '25
Cash from operations −$15.2M
Capital spending $3.3M
Q4 '25
Cash from operations −$34.3M
Capital spending $4.9M
Q1 '26
Cash from operations −$45.1M
Capital spending $11.9M
Q2 '26
Cash from operations −$49.6M
Capital spending $21.5M
Cash from operations
Capital spending
Dividends, buybacks and share count
i-80 Gold Corp. returned — to shareholders in fiscal 2025. The diluted share count rose 87.0%.
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
FY23
Diluted shares 0.27B
FY24
Diluted shares 0.36B
FY25
Diluted shares 0.67B
Balance sheet
Cash, debt and the ratios that show how comfortably i-80 Gold Corp. can carry it.
FY23
Cash $16.3M
Debt $194M
FY24
Cash $19.0M
Debt $191M
FY25
Cash $63.2M
Debt $175M
Cash
Debt
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $16.3M | $19.0M | $63.2M |
| Debt incl. finance leases | $194M | $191M | $175M |
| Debt / equity | 0.6x | 0.6x | 0.5x |
| Interest coverage | −3.7x | −2.7x | −4.2x |
| Current ratio | 0.6x | 0.6x | 0.7x |
| Quick ratio | 0.4x | 0.4x | 0.5x |
| Total assets | $654M | $656M | $703M |
| Total liabilities | $309M | $315M | $357M |
| Shareholders' equity | $345M | $341M | $347M |
| Net debt (− = net cash) | $178M | $172M | $111M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✕ | ✕ |
| Return on assets rose | — | ✕ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | ✓ | ✓ |
| Current ratio rose | — | ✕ | ✓ |
| Share count didn't rise | — | ✕ | ✕ |
| Gross margin rose | — | ✕ | ✓ |
| Revenue rose relative to assets | — | ✕ | ✓ |
| F-score | — / 3 | 2 / 9 | 5 / 9 |
| Accruals ratio | −1.9% | −6.0% | −17.0% |
| Altman Z'' | −0.93 | −1.51 | −2.76 |
3 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $54.9M | $50.3M | $95.2M |
| Gross profit | −$5.1M | −$15.7M | $11.5M |
| Operating income | −$101M | −$89.1M | −$124M |
| Interest expense | $27.3M | $32.5M | $29.6M |
| Pretax income | −$92.9M | −$120M | −$202M |
| Income tax | −$3.2M | $1.5M | −$3.3M |
| Net income | −$89.7M | −$122M | −$199M |
| Net income to common | −$89.7M | −$122M | −$199M |
| Diluted EPS | −$0.33 | −$0.34 | −$0.30 |
| Diluted shares | 0.27B | 0.36B | 0.67B |
| Cash flow | |||
| Cash from operations | −$77.5M | −$82.5M | −$83.6M |
| Capital expenditure | $17.4M | $2.0M | $9.6M |
| Free cash flow | −$94.9M | −$84.5M | −$93.2M |
| Depreciation and amortization | $8.7M | $3.2M | — |
| Stock-based compensation | $2.3M | $0.6M | $9.1M |
| Acquisitions | −$10.0M | $0.0M | — |
| Balance sheet | |||
| Cash and short-term investments | $16.3M | $19.0M | $63.2M |
| Total debt | $194M | $191M | $175M |
| Current assets | $39.8M | $42.3M | $100M |
| Current liabilities | $65.2M | $74.1M | $138M |
| Inventory | $11.4M | $15.3M | $29.3M |
| Total assets | $654M | $656M | $703M |
| Total liabilities | $309M | $315M | $357M |
| Shareholders' equity | $345M | $341M | $347M |
| Margins | |||
| Gross margin | −9.4% | −31.2% | 12.1% |
| Operating margin | −183.9% | −177.0% | −130.7% |
| EBITDA margin | −168.0% | −170.6% | — |
| Net margin | −163.3% | −241.4% | −208.9% |
| FCF margin | −172.8% | −167.9% | −97.9% |
| Returns | |||
| Return on capital | −15.2% | −13.7% | −21.4% |
| Return on capital employed | −17.1% | −15.3% | −22.0% |
| Return on equity | −26.0% | −35.4% | −57.9% |
| Return on assets | −13.7% | −18.6% | −29.3% |
| Return on tangible equity | −26.0% | −35.7% | −57.3% |
| Growth | |||
| Revenue growth | — | −8.3% | 89.1% |
| Share count change | — | 31.1% | 87.0% |
| Financial health | |||
| Debt / equity | 0.6x | 0.6x | 0.5x |
| Interest coverage | −3.7x | −2.7x | −4.2x |
| Current ratio | 0.6x | 0.6x | 0.7x |
| Quick ratio | 0.4x | 0.4x | 0.5x |
| Capital allocation | |||
| Capex / revenue | 31.7% | 4.0% | 10.1% |
| Stock comp / revenue | 4.2% | 1.1% | 9.6% |
| Quality scores | |||
| Piotroski F-score | — | 2.0 | 5.0 |
| Altman Z'' | −0.9 | −1.5 | −2.8 |
| Accruals ratio | −1.9% | −6.0% | −17.0% |
Source: SEC EDGAR XBRL filings (CIK 0001853962). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.