Fortuna Mining Corp. (FSM) quarterly cash flow statement — complete operating, investing & financing 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 |
|---|
| Cash from Operations | 209.36M | 164.94M | 110.27M | 67.31M | 126M | 150.32M | 92.88M | 73.35M | 48.73M | 107.41M | 106.46M | 44.23M | 41.76M | 49.67M | 64.65M | 47.43M | 33.65M | 56.52M | 39.38M | 29.55M |
| Operating CF Margin % | 61.13% | 60.63% | 43.87% | 29.21% | 43.43% | 49.74% | 33.78% | 46.93% | 24.25% | 40.48% | 43.8% | 27.92% | 23.77% | 30.15% | 38.81% | 28.26% | 18.46% | 28.41% | 24.22% | 24.52% |
| Operating CF Growth % | 66.16% | 9.73% | 18.72% | -8.24% | 158.57% | 39.95% | -12.76% | 65.84% | 16.69% | 116.26% | 64.67% | -6.75% | 24.09% | -12.12% | 64.18% | 60.51% | 59.19% | 74.05% | -13.38% | 3762.75% |
| Net Income | 119.94M | 69.11M | 122.22M | 47.7M | 61.48M | 11.34M | 54.42M | 19.49M | 26.62M | -94.87M | 30.88M | 3.47M | 11.86M | -153M | -4.13M | 1.68M | 26.39M | 15.69M | 211K | 16.18M |
| Depreciation & Amortization | 45.91M | 46.14M | 52.97M | 48.34M | 61.83M | 79.56M | 62.05M | 42.28M | 50.06M | 71.33M | 0 | 0 | 0 | 45.25M | 46.86M | 0 | 40.1M | 45.74M | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 1.6M | 2.09M | 0 | 0 | 0 | 312K | 0 | -303K | 0 | -1.14M | -1.08M | 0 | 0 | -175K | -734K |
| Deferred Taxes | 58.37M | -6.56M | -8.79M | 33.65M | -8.3M | -1.72M | -6.77M | -17.87M | -1.84M | -10.22M | 6.58M | 1.04M | 7.94M | -22.2M | 5.75M | 13.59M | -5.15M | -2.86M | 8.87M | 12.05M |
| Other Non-Cash Items | -10.92M | 41.21M | -53.6M | -58.2M | 22.63M | 58.66M | 7.65M | 33.53M | 9.06M | 140.28M | 68.44M | 37.06M | 33.02M | 179.78M | 5.72M | 34.85M | 563.84K | 13.01M | 29.74M | 10.37M |
| Working Capital Changes | -3.96M | 15.04M | -2.53M | -4.2M | -11.65M | 875K | -26.55M | -4.09M | -35.17M | 880.93K | 249K | 2.66M | -10.77M | -162.48K | 11.58M | -1.61M | -28.25M | -15.06M | 727K | -8.31M |
| Change in Receivables | 7.9M | -8.35M | 4.36M | -2.39M | 807.55K | -5.3M | -24.46M | -102.9K | -7.26M | -15.29M | 1.6M | 5.71M | -9.42M | -2.01M | 5.68M | 13.56M | -10.44M | -8.3M | 7.82M | -99K |
| Change in Inventory | -1.57M | -7.5M | 2.92M | -394K | -5.61M | -85K | -1.02M | -9.88M | -9.76M | 409.05K | -6.43M | -11.38M | -3.66M | -6.68M | -2.74M | -1.56M | -9.47M | -5.57M | -8M | -7.06M |
| Change in Payables | 0 | 29.19M | -6.78M | 0 | -7.91M | 0 | 2.19M | 7.31M | -17.29M | 20.64M | 0 | 0 | 0 | 9.88M | 9.86M | 0 | -9.41M | -4M | 2.65M | 0 |
| Cash from Investing | -63.59M | -35.04M | -34.16M | 19.02M | -40.37M | -60.29M | -47.57M | -47.02M | -39.33M | -52.28M | -33.68M | -73.24M | -59.59M | -72.47M | -58.94M | -58.09M | -66.29M | -50.78M | -11.91M | -50.69M |
| Capital Expenditures | -45.28M | -45.17M | -48.08M | -47.02M | -39.44M | -61.92M | -50.13M | -26.37M | -41.16M | -53.15M | -37.05M | -67.48M | -61.55M | -72.9M | -58.94M | -53.99M | -65.79M | -61.46M | -53.01M | -21.48M |
| CapEx % of Revenue | 13.22% | 16.61% | 19.13% | 20.4% | 13.59% | 20.49% | 18.23% | 16.87% | 20.49% | 20.03% | 15.24% | 42.6% | 35.04% | 44.26% | 35.38% | 32.16% | 36.08% | 30.9% | 32.61% | 17.82% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13.57M | 1.52M | -4.59M | 0 | 0 | -8.27K | 0 | 9.11K | -11.16K | 40.29M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -18.45M | 10.08M | 3.61M | 75.31M | 2.09M | 222K | -605K | -23.16M | -806.38K | 1.81M | 1.85M | -1.17M | 1.96M | 923.66K | 1.27M | -4.1M | -508.17K | 10.7M | 795K | -29.21M |
| Cash from Financing | -31.32M | -12.97M | -19.42M | -17.99M | -10.24M | -38.46M | 30.25M | -9.74M | -48.25M | -46.07M | -47.12M | 37.67M | 22M | 11.25M | -23.65M | 14.03M | 37.22M | -34.19M | -12.28M | -2.2M |
| Debt Issued (Net) | -6.86M | 77 | 837 | -6.11M | -106.68K | -5.89M | -13.89M | -4.1M | -39.82M | -41.19M | -45.82M | 37.67M | 22M | 14.37M | -18.02M | 17.03M | 40.49M | -30.97M | -7.75M | -2.4M |
| Equity Issued (Net) | -24.45M | -6.21M | 32.57K | 78.51K | -4.15M | -30.59M | -189 | -25.8K | -3.52M | 306.52K | 0 | 0 | 0 | -82.42K | -2.92M | -3.01M | 0 | 153.54K | -44K | 202K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -24.45M | -6.21M | 32.57K | 78.51K | -4.15M | -30.59M | -189 | -25.8K | -3.52M | 0 | 0 | 0 | 0 | -82.42K | -2.92M | -3.01M | 0 | 0 | -44K | 0 |
| Other Financing | 0 | -6.76M | -19.45M | -11.95M | -5.98M | -1.97M | 44.14M | -5.61M | -4.91M | -5.18M | -1.3M | 0 | 0 | -3.04M | -2.71M | 0 | -3.27M | -3.38M | -4.48M | 0 |
| Net Change in Cash | 111.92M | 115.12M | 58.59M | 70.33M | 73.87M | 50.78M | 74.95M | 64.07M | -39.86M | 10.28M | 24.36M | 8.69M | 4.24M | -9.81M | -25.21M | 5.76M | 3.22M | -28.61M | 13.97M | -23.89M |
| Free Cash Flow | 164.08M | 119.77M | 62.2M | 20.29M | 86.56M | 88.4M | 42.75M | 46.98M | 7.57M | 54.26M | 69.42M | -23.25M | -19.79M | -23.23M | 5.72M | -6.55M | -32.14M | -4.95M | -13.63M | 8.07M |
| FCF Margin % | 47.91% | 44.03% | 24.74% | 8.81% | 29.83% | 29.25% | 15.55% | 30.06% | 3.77% | 20.45% | 28.56% | -14.68% | -11.27% | -14.1% | 3.43% | -3.9% | -17.63% | -2.49% | -8.38% | 6.7% |
| FCF Growth % | 89.56% | 35.49% | 45.48% | -56.81% | 1042.97% | 62.93% | -38.41% | 302.04% | 138.26% | 333.54% | 1114.4% | -254.82% | 38.42% | -369.64% | 141.93% | -181.18% | -769.02% | -122.09% | -241.42% | 140.47% |
| FCF per Share | 0.49 | 0.39 | 0.19 | 0.07 | 0.28 | 0.28 | 0.14 | 0.15 | 0.02 | 0.18 | 0.24 | -0.08 | -0.07 | -0.08 | 0.02 | -0.02 | -0.11 | -0.02 | -0.05 | 0.04 |
| FCF Conversion (FCF/Net Income) | 1.89x | 2.39x | 0.89x | 1.80x | 2.15x | 13.25x | 1.84x | 1.81x | 1.86x | -1.16x | 3.88x | 14.10x | 3.84x | -0.33x | -17.22x | 20.37x | 1.29x | 3.59x | -86.93x | 1.83x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 4.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |