Fortuna Mining Corp. (FSM) 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 | 342.47M | 272.03M | 251.36M | 230.42M | 290.14M | 302.2M | 274.92M | 156.29M | 200.91M | 265.31M | 243.06M | 158.41M | 175.65M | 164.72M | 166.57M | 167.87M | 182.33M | 198.94M | 162.57M | 120.53M |
| Revenue Growth % | 18.03% | -9.98% | -8.57% | 47.43% | 44.42% | 13.9% | 13.11% | -1.34% | 14.38% | 61.07% | 45.92% | -5.64% | -3.66% | -17.2% | 2.46% | 39.28% | 54.75% | 92.2% | 94.84% | 170.94% |
| Cost of Goods Sold | 130.63M | 123.97M | 118.23M | 125.39M | 174.27M | 195.36M | 187.99M | 103.68M | 131.32M | 213.46M | 177.18M | 126.54M | 135.22M | 138.68M | 141.86M | 135.33M | 118.83M | 140.59M | 115.22M | 72.06M |
| COGS % of Revenue | 38.14% | 45.57% | 47.04% | 54.42% | 60.06% | 64.65% | 68.38% | 66.34% | 65.36% | 80.46% | 72.9% | 79.88% | 76.98% | 84.19% | 85.16% | 80.61% | 65.17% | 70.67% | 70.88% | 59.78% |
| Gross Profit | 211.84M | 148.06M | 133.13M | 105.03M | 115.87M | 106.83M | 86.93M | 52.61M | 69.59M | 51.85M | 65.88M | 31.87M | 40.43M | 26.04M | 24.71M | 32.54M | 63.5M | 58.35M | 47.35M | 48.47M |
| Gross Margin % | 61.86% | 54.43% | 52.96% | 45.58% | 39.94% | 35.35% | 31.62% | 33.66% | 34.64% | 19.54% | 27.1% | 20.12% | 23.02% | 15.81% | 14.84% | 19.39% | 34.83% | 29.33% | 29.12% | 40.22% |
| Gross Profit Growth % | 82.82% | 38.59% | 53.14% | 99.63% | 66.51% | 106.04% | 31.96% | 65.1% | 72.13% | 99.12% | 166.59% | -2.08% | -36.34% | -55.37% | -47.81% | -32.86% | 23.76% | 24.33% | 12.6% | 251.82% |
| Operating Expenses | 29.66M | 26.7M | -21.47M | 21.31M | 24.01M | 53.99M | 14.28M | 21.86M | 21.26M | 129.23M | 20.5M | 24.14M | 16.56M | 199.15M | 19.02M | 19.4M | 22.79M | 19.48M | 25.57M | 12.61M |
| OpEx % of Revenue | 8.66% | 9.82% | -8.54% | 9.25% | 8.28% | 17.87% | 5.19% | 13.99% | 10.58% | 48.71% | 8.43% | 15.24% | 9.43% | 120.9% | 11.42% | 11.55% | 12.5% | 9.79% | 15.73% | 10.46% |
| Selling, General & Admin | 27.79M | 26.7M | 26.3M | 21.57M | 25.3M | 21.1M | 16.04M | 20.64M | 16.77M | 19.91M | 14.63M | 14.59M | 14.95M | 16.68M | 13.04M | 14.82M | 16.92M | 16.45M | 11.18M | 9.16M |
| SG&A % of Revenue | 8.12% | 9.82% | 10.46% | 9.36% | 8.72% | 6.98% | 5.84% | 13.21% | 8.35% | 7.5% | 6.02% | 9.21% | 8.51% | 10.12% | 7.83% | 8.83% | 9.28% | 8.27% | 6.87% | 7.6% |
| 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 | 0 | -1000K | -269K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 182.18M | 121.35M | 154.6M | 83.72M | 91.86M | 52.85M | 72.65M | 30.75M | 48.33M | -77.37M | 45.38M | 7.72M | 23.87M | -173.11M | 5.7M | 13.15M | 40.71M | 38.87M | 21.77M | 35.87M |
| Operating Margin % | 53.2% | 44.61% | 61.5% | 36.34% | 31.66% | 17.49% | 26.43% | 19.68% | 24.05% | -29.16% | 18.67% | 4.88% | 13.59% | -105.09% | 3.42% | 7.83% | 22.33% | 19.54% | 13.39% | 29.76% |
| Operating Income Growth % | 98.32% | 129.64% | 112.8% | 172.26% | 90.09% | 168.3% | 60.09% | 298.17% | 102.48% | 55.3% | 696.72% | -41.26% | -41.38% | -545.36% | -73.84% | -63.34% | 0.84% | 37.84% | -23.58% | 2880.23% |
| EBITDA | 228.09M | 167.49M | 207.64M | 132.06M | 153.55M | 127.51M | 132.52M | 73.64M | 98.58M | -5.77M | 109.32M | 47.64M | 68.1M | -128.61M | 52.56M | 56.09M | 79.22M | 83.68M | 59.54M | 57.38M |
| EBITDA Margin % | 66.6% | 61.57% | 82.6% | 57.32% | 52.92% | 42.19% | 48.2% | 47.12% | 49.07% | -2.18% | 44.98% | 30.07% | 38.77% | -78.07% | 31.55% | 33.41% | 43.45% | 42.06% | 36.62% | 47.61% |
| EBITDA Growth % | 48.55% | 31.36% | 56.68% | 79.33% | 55.76% | 2308.7% | 21.23% | 54.59% | 44.76% | 95.51% | 107.99% | -15.07% | -14.03% | -253.69% | -11.72% | -2.25% | 33.01% | 99.31% | 50.61% | 704.77% |
| D&A (Non-Cash Add-back) | 45.91M | 46.14M | 53.04M | 48.34M | 61.69M | 74.66M | 59.87M | 42.89M | 50.26M | 71.6M | 63.94M | 39.92M | 44.23M | 44.5M | 46.86M | 42.94M | 38.51M | 44.81M | 37.76M | 21.52M |
| EBIT | 184.88M | 119.72M | 157.75M | 87.64M | 94.35M | 62.31M | 76.79M | 33.67M | 50.83M | -64.92M | 46.57M | 7.94M | 22.99M | -173.36M | 4.07M | 19M | 36.54M | 34.7M | 13.05M | 30.38M |
| Net Interest Income | -1.93M | -2.1M | -648K | -2.94M | -2.3M | -6.17M | -6.28M | -5.71M | -5.17M | -4.55M | -6.04M | -1.7M | -1.29M | -2.43M | -2.44M | -3.73M | -2.78M | -2.63M | -3.97M | -2.15M |
| Interest Income | 4.62M | 4.38M | 4.09M | 3.13M | 3.43M | 1.25M | 979K | 590K | 777.51K | 3.35M | 0 | 0 | 0 | 1.85M | 0 | 0 | 0 | 857.1K | 171K | 278K |
| Interest Expense | 6.56M | 6.48M | 4.74M | 6.08M | 5.73M | 7.42M | 7.26M | 6.3M | 5.95M | 7.9M | 6.04M | 1.7M | 1.29M | 4.28M | 2.44M | 3.73M | 2.78M | 3.48M | 4.14M | 2.43M |
| Other Income/Expense | -3.86M | -8.11M | -1.58M | -2.37M | -1.66M | -4.77M | -3.12M | -4.09M | -3.38M | 4.56M | -7.92M | -3.21M | -4.07M | -2.66M | -4.07M | 2.13M | -6.96M | -8.69M | -12.69M | -7.64M |
| Pretax Income | 178.32M | 113.24M | 153.02M | 81.36M | 90.21M | 48.08M | 69.53M | 26.66M | 44.95M | -72.81M | 37.46M | 4.51M | 19.8M | -175.76M | 1.63M | 15.27M | 33.76M | 30.18M | 9.09M | 28.23M |
| Pretax Margin % | 52.07% | 41.63% | 60.88% | 35.31% | 31.09% | 15.91% | 25.29% | 17.06% | 22.37% | -27.44% | 15.41% | 2.85% | 11.27% | -106.7% | 0.98% | 9.1% | 18.51% | 15.17% | 5.59% | 23.42% |
| Income Tax | 58.37M | 38.12M | 24.82M | 33.65M | 22.23M | 33M | 15.12M | 4.45M | 15.39M | 17.02M | 6.58M | 1.04M | 7.94M | -15.33M | 5.75M | 13.59M | 6.78M | 13.58M | 8.87M | 12.05M |
| Effective Tax Rate % | 32.74% | 33.66% | 16.22% | 41.36% | 24.65% | 68.63% | 21.74% | 16.7% | 34.25% | -23.38% | 17.55% | 22.98% | 40.12% | 8.72% | 353.44% | 89.01% | 20.08% | 44.99% | 97.68% | 42.68% |
| Net Income | 111.01M | 69.11M | 123.59M | 37.31M | 58.5M | 11.34M | 50.51M | 40.63M | 26.25M | -92.32M | 27.47M | 3.14M | 10.88M | -152.77M | -3.75M | 2.33M | 26.07M | 15.75M | -453K | 16.18M |
| Net Margin % | 32.41% | 25.4% | 49.17% | 16.19% | 20.16% | 3.75% | 18.37% | 26% | 13.07% | -34.8% | 11.3% | 1.98% | 6.19% | -92.74% | -2.25% | 1.39% | 14.3% | 7.92% | -0.28% | 13.43% |
| Net Income Growth % | 89.75% | 509.2% | 144.68% | -8.16% | 122.87% | 112.29% | 83.9% | 1195.15% | 141.29% | 39.57% | 831.65% | 34.69% | -58.26% | -1070.23% | -728.7% | -85.61% | -1.27% | -15.42% | -103.46% | 386.15% |
| Net Income (Continuing) | 119.94M | 75.13M | 128.2M | 47.7M | 67.97M | 15.08M | 54.42M | 22.21M | 29.56M | -89.84M | 30.88M | 3.47M | 11.86M | -160.43M | -4.13M | 1.68M | 26.98M | 16.6M | 211K | 16.18M |
| Discontinued Operations | 0 | 0 | 0 | -1000K | -1000K | 0 | 0 | 1000K | -489K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 67.22M | 58.18M | 52.36M | 47.75M | 68.51M | 62.21M | 58.47M | 55.28M | 52.57M | 49.75M | 47.36M | 45.25M | 44.92M | 43.94M | 51.6M | 54.68M | 55.33M | 54.42M | 53.46M | 0 |
| EPS (Diluted) | 0.35 | 0.23 | 0.36 | 0.12 | 0.19 | 0.04 | 0.16 | 0.13 | 0.08 | -0.31 | 0.09 | 0.01 | 0.04 | -0.55 | -0.01 | 0.01 | 0.09 | 0.06 | -0.00 | 0.08 |
| EPS Growth % | 84.21% | 533.61% | 125% | -7.69% | 124.06% | 111.71% | 74.1% | 1092.66% | 127.96% | 43.64% | 747.18% | - | -57.97% | -1058.19% | - | -92.88% | -36.79% | -42.6% | -102.29% | 342.42% |
| EPS (Basic) | 0.36 | 0.23 | 0.40 | 0.12 | 0.19 | 0.03 | 0.16 | 0.13 | 0.09 | -0.31 | 0.09 | 0.01 | 0.04 | -0.55 | -0.01 | 0.01 | 0.09 | 0.06 | -0.00 | 0.09 |
| Diluted Shares Outstanding | 332.78M | 305.76M | 335.13M | 308.96M | 308.06M | 312.45M | 314.68M | 316.94M | 308.2M | 306.59M | 294.88M | 293.11M | 292.35M | 290.22M | 291.43M | 295.21M | 294.55M | 289.12M | 289.12M | 196.09M |
| Basic Shares Outstanding | 305.34M | 305.76M | 306.96M | 306.96M | 306.61M | 371.62M | 315.69M | 306M | 306.47M | 306.59M | 292.6M | 290.76M | 290.24M | 290.22M | 291.43M | 291.94M | 291.59M | 289.12M | 289.12M | 185.28M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |