B2Gold Corp. (BTG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.14B | 1.05B | 782.95M | 692.21M | 532.11M | 499.79M | 448.23M | 492.57M | 461.44M | 511.97M | 477.89M | 470.85M | 473.56M | 592.47M | 392.55M | 381.99M | 365.58M | 526.11M | 510.86M | 362.99M |
| Revenue Growth % | 114.73% | 110.88% | 74.68% | 40.53% | 15.31% | -2.38% | -6.21% | 4.61% | -2.56% | -13.59% | 21.74% | 23.27% | 29.53% | 12.61% | -23.16% | 5.23% | 0.91% | 9.72% | 4.86% | -17.86% |
| Cost of Goods Sold | 541.28M | 502.73M | 392.6M | 340.77M | 294.36M | 325.83M | 313.39M | 279.4M | 277.22M | 306.43M | 307.38M | 280.54M | 259.92M | 331.8M | 306.56M | 264.08M | 225.91M | 278.36M | 275.69M | 234.77M |
| COGS % of Revenue | 47.37% | 47.7% | 50.14% | 49.23% | 55.32% | 65.19% | 69.92% | 56.72% | 60.08% | 59.85% | 64.32% | 59.58% | 54.89% | 56% | 78.09% | 69.13% | 61.8% | 52.91% | 53.97% | 64.68% |
| Gross Profit | 601.32M | 551.25M | 390.35M | 351.44M | 237.75M | 173.96M | 134.84M | 213.17M | 184.23M | 205.54M | 170.51M | 190.32M | 213.63M | 260.67M | 86M | 117.91M | 139.67M | 247.75M | 235.17M | 128.22M |
| Gross Margin % | 52.63% | 52.3% | 49.86% | 50.77% | 44.68% | 34.81% | 30.08% | 43.28% | 39.92% | 40.15% | 35.68% | 40.42% | 45.11% | 44% | 21.91% | 30.87% | 38.2% | 47.09% | 46.03% | 35.32% |
| Gross Profit Growth % | 152.92% | 216.89% | 189.49% | 64.86% | 29.05% | -15.37% | -20.92% | 12.01% | -13.77% | -21.15% | 98.27% | 61.41% | 52.96% | 5.21% | -63.43% | -8.04% | -11.27% | -3.26% | -13.43% | -46.16% |
| Operating Expenses | 28.8M | 20.18M | 40.12M | 34.13M | 31.77M | 35.88M | 697.02M | 182.36M | 29.6M | 240.73M | 142.98M | 31.18M | 37.71M | 28.71M | 31.47M | 20.09M | 21.88M | 10.36M | 16.69M | 19.38M |
| OpEx % of Revenue | 2.52% | 1.91% | 5.12% | 4.93% | 5.97% | 7.18% | 155.51% | 37.02% | 6.41% | 47.02% | 29.92% | 6.62% | 7.96% | 4.85% | 8.02% | 5.26% | 5.99% | 1.97% | 3.27% | 5.34% |
| Selling, General & Admin | 24.91M | 28.24M | 22.21M | 23.92M | 17.67M | 28.96M | 18.35M | 17.76M | 19.09M | 26.38M | 17.35M | 18.51M | 21.04M | 27.31M | 16.19M | 17.04M | 19.85M | 26.8M | 17.26M | 19.92M |
| SG&A % of Revenue | 2.18% | 2.68% | 2.84% | 3.46% | 3.32% | 5.79% | 4.09% | 3.61% | 4.14% | 5.15% | 3.63% | 3.93% | 4.44% | 4.61% | 4.12% | 4.46% | 5.43% | 5.09% | 3.38% | 5.49% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -570K | -547K |
| Operating Income | 572.52M | 531.07M | 350.22M | 317.31M | 205.98M | 138.08M | -562.18M | 30.81M | 154.63M | -35.18M | 27.52M | 159.14M | 175.92M | 231.95M | 54.52M | 97.81M | 118.1M | 237.39M | 218.48M | 108.59M |
| Operating Margin % | 50.11% | 50.39% | 44.73% | 45.84% | 38.71% | 27.63% | -125.42% | 6.26% | 33.51% | -6.87% | 5.76% | 33.8% | 37.15% | 39.15% | 13.89% | 25.61% | 32.31% | 45.12% | 42.77% | 29.91% |
| Operating Income Growth % | 177.94% | 284.61% | 162.3% | 929.83% | 33.21% | 492.45% | -2142.59% | -80.64% | -12.1% | -115.17% | -49.52% | 62.69% | 48.95% | -2.29% | -75.04% | -9.92% | -21.36% | 0.95% | -48.83% | -48.64% |
| EBITDA | 731.52M | 674.97M | 454.89M | 420.02M | 295.27M | 231.98M | -474.13M | 125.82M | 245.07M | 73.8M | 127.8M | 253.8M | 273.08M | 362.66M | 148.73M | 178.99M | 196.31M | 359.57M | 330.24M | 186.82M |
| EBITDA Margin % | 64.02% | 64.04% | 58.1% | 60.68% | 55.49% | 46.42% | -105.78% | 25.54% | 53.11% | 14.41% | 26.74% | 53.9% | 57.67% | 61.21% | 37.89% | 46.86% | 53.7% | 68.34% | 64.64% | 51.47% |
| EBITDA Growth % | 147.75% | 190.96% | 195.94% | 233.82% | 20.48% | 214.34% | -470.99% | -50.43% | -10.26% | -79.65% | -14.07% | 41.8% | 39.1% | 0.86% | -54.96% | -4.19% | -9.7% | 14.75% | -34.48% | -34.91% |
| D&A (Non-Cash Add-back) | 159M | 143.9M | 104.67M | 102.7M | 89.29M | 93.9M | 88.05M | 95.01M | 90.45M | 108.98M | 100.28M | 94.66M | 97.16M | 130.71M | 94.21M | 81.18M | 78.21M | 122.18M | 111.77M | 78.23M |
| EBIT | 572.52M | 382.24M | 202.52M | 291.25M | 138.49M | 119.15M | -564.73M | 31.54M | 139.67M | -51.59M | 37.68M | 162.34M | 179.78M | 237.58M | 49.4M | 103.47M | 144.13M | 232.47M | 224M | 118.53M |
| Net Interest Income | -15.09M | -19.07M | -1.7M | -1.94M | -2.55M | -7.25M | -2.96M | 206K | -4.12M | -2.12M | 697K | 3.12M | 2.89M | 9.11M | 459K | -185K | -461K | -2.74M | -3.11M | -3.05M |
| Interest Income | 3.05M | 3.33M | 3.04M | 2.91M | 3.17M | 3.6M | 4.01M | 7.67M | 5.46M | 2.78M | 3.89M | 6.04M | 5.82M | 11.98M | 3.17M | 2.51M | 2.12M | 0 | 0 | 0 |
| Interest Expense | 18.14M | 22.39M | 4.73M | 4.85M | 5.72M | 10.85M | 6.97M | 7.46M | 9.57M | 4.89M | 3.19M | 2.92M | 2.93M | 2.86M | 2.71M | 2.69M | 2.58M | 2.74M | 3.11M | 3.05M |
| Other Income/Expense | -77.5M | -171.22M | -152.44M | -30.91M | -73.22M | -29.77M | -9.51M | -6.74M | -24.53M | -21.3M | 13.01M | 283K | 936K | 3.6M | -7.84M | 7.99M | 24.47M | -2.53M | 2.42M | 6.9M |
| Pretax Income | 495.02M | 359.85M | 197.79M | 286.4M | 132.77M | 108.31M | -571.69M | 24.07M | 130.09M | -56.48M | 40.54M | 159.42M | 176.85M | 235.55M | 46.69M | 105.81M | 142.57M | 234.86M | 220.89M | 115.48M |
| Pretax Margin % | 43.32% | 34.14% | 25.26% | 41.37% | 24.95% | 21.67% | -127.55% | 4.89% | 28.19% | -11.03% | 8.48% | 33.86% | 37.35% | 39.76% | 11.89% | 27.7% | 39% | 44.64% | 43.24% | 31.81% |
| Income Tax | 292.32M | 179.59M | 174.66M | 125.64M | 70.2M | 117.63M | 59.34M | 58.85M | 81.61M | 60.92M | 75.31M | 67.57M | 74.95M | 59.08M | 67.92M | 65.12M | 51.77M | 81.72M | 86.02M | 41.5M |
| Effective Tax Rate % | 59.05% | 49.91% | 88.31% | 43.87% | 52.88% | 108.61% | -10.38% | 244.48% | 62.73% | -107.85% | 185.78% | 42.39% | 42.38% | 25.08% | 145.48% | 61.55% | 36.31% | 34.8% | 38.94% | 35.94% |
| Net Income | 197.17M | 170.58M | 19.31M | 154.42M | 57.59M | -11.88M | -633.76M | -24M | 39.75M | -113.22M | -43.07M | 80.42M | 85.97M | 157.76M | -23.41M | 37.8M | 80.72M | 136.94M | 123.11M | 68.46M |
| Net Margin % | 17.26% | 16.18% | 2.47% | 22.31% | 10.82% | -2.38% | -141.39% | -4.87% | 8.61% | -22.12% | -9.01% | 17.08% | 18.15% | 26.63% | -5.96% | 9.9% | 22.08% | 26.03% | 24.1% | 18.86% |
| Net Income Growth % | 242.38% | 1535.77% | 103.05% | 743.33% | 44.87% | 89.51% | -1371.46% | -129.85% | -53.76% | -171.77% | -83.98% | 112.72% | 6.5% | 15.2% | -119.02% | -44.78% | -11.83% | -18.71% | -53.17% | -44.99% |
| Net Income (Continuing) | 202.7M | 180.26M | 23.12M | 160.75M | 62.56M | -9.32M | -631.03M | -34.78M | 48.48M | -117.4M | -34.77M | 91.85M | 101.9M | 176.47M | -21.23M | 40.69M | 90.8M | 153.14M | 134.87M | 73.98M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 42.69M | 47.86M | 45.66M | 46.6M | 49.61M | 52.6M | 151.65M | 88.94M | 103.47M | 99.09M | 108.82M | 116.83M | 118.34M | 103.62M | 87.05M | 85.06M | 108.63M | 100.58M | 83.77M | 75.95M |
| EPS (Diluted) | 0.14 | 0.11 | 0.01 | 0.10 | 0.04 | -0.01 | -0.48 | -0.02 | 0.03 | -0.09 | -0.03 | 0.06 | 0.08 | 0.15 | -0.02 | 0.04 | 0.08 | 0.13 | 0.12 | 0.06 |
| EPS Growth % | 258.06% | - | 102.69% | 646.45% | 29.04% | 89.93% | -1345.78% | -128.24% | -61.93% | -159.6% | -60.39% | 83.05% | 4.74% | 15.38% | -117.25% | -44.51% | -12.54% | -18.75% | -52% | -46.83% |
| EPS (Basic) | 0.15 | 0.13 | 0.01 | 0.12 | 0.04 | -0.01 | -0.48 | -0.02 | 0.03 | -0.09 | -0.03 | 0.06 | 0.08 | 0.15 | -0.02 | 0.04 | 0.08 | 0.13 | 0.12 | 0.07 |
| Diluted Shares Outstanding | 1.5B | 1.62B | 1.48B | 1.48B | 1.47B | 1.31B | 1.31B | 1.31B | 1.31B | 1.3B | 1.3B | 1.26B | 1.08B | 1.07B | 1.06B | 1.07B | 1.06B | 1.06B | 1.06B | 1.06B |
| Basic Shares Outstanding | 1.34B | 1.34B | 1.32B | 1.32B | 1.32B | 1.31B | 1.31B | 1.31B | 1.3B | 1.3B | 1.3B | 1.25B | 1.08B | 1.07B | 1.06B | 1.06B | 1.06B | 1.05B | 1.05B | 1.05B |
| Dividend Payout Ratio | 13.16% | 15.48% | 132.65% | 16.81% | 44.24% | - | - | - | 115.18% | - | - | 65.21% | 49.99% | 27.27% | - | 112.45% | 52.32% | 30.83% | 34.27% | 61.2% |