Coeur Mining, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Coeur Mining, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	572	710	626	712	785	833	786	821	1,054	2,070
Cost of revenue	335	440
Gross profit	237	269
General and administrative	29.3	33.6	31.3	34.5	33.7	40.4	39.5	41.6	47.7	57.2
Operating expenses	513	670	646	1,056	704	776	825	860	890	1,363
Operating income							-39.3	-38.7	164	707
Interest expense	36.9	16.4	24.4	24.8	20.7	16.5	23.9	29.1	51.3
Interest income	0	0	1.78	0.2	1.65	1.73	1.74	1.74	1.42	4.69
Other non-operating income	-69.7	-0	-45.4	-13.2	-19	-53.2	-24.2	-29.7	-37.8	-24.5
Pre-tax income	-10.8	39.9	-65.7	-358	62.7	3.64	-63.4	-68.5	126	683
Income tax	-33.2	29	-16.8	-11.1	37	35	14.7	35.2	67.5	96.7
Income from continuing operations	22.4	10.9	-49	-347	25.6	-31.3	-78.1	-104	58.9	586
Net income	55.4	-1.32	-48.4	-341	25.6	-31.3	-78.1	-104	58.9	586
EBITDA							72.4	61.1	289	958
EPS, basic	0.35	-0.01	-0.26	-1.56	0.11	-0.13	-0.28	-0.30	0.15	0.96
EPS, diluted	0.34	-0.01	-0.26	-1.56	0.11	-0.13	-0.28	-0.30	0.15	0.95
Shares, basic (weighted)	160	180	189	219	241	250	275	343	392	607
Shares, diluted (weighted)	163	184	189	219	243	250	275	343	397	615

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	118	192	115	55.6	92.8	56.7	61.5	61.6	55.1	554
Short-term investments							32	0
Receivables	53.4	19.1	29.7	18.7	23.5	32.4	36.3	31	29.9	69.2
Inventory	93.4	58.2	66.3	55.9	51.2	51.3	61.8	76.7	78.6	163
Other current assets	10	15.1	11.4	14	27.3	13.8	25.8	18.5	16.7	29.1
Total current assets	411	450	298	210	270	290	300	267	273	973
Property, plant and equipment	193	255	298	249	230	320	1,390	1,688	1,818	2,745
Lease right-of-use assets				49.2	40.5	31	24.6	14.1	23.9	15.8
Goodwill									0	626
Long-term investments							12.1	0
Other non-current assets	12.6	17.5	16.8	62.8	56.6	57.2	61.5	67.1	72.6	21.4
Total assets	1,319	1,701	1,713	1,379	1,404	1,734	1,846	2,081	2,302	4,696
Accounts payable	44.7	48.6	47.2	69.2	90.6	104	96.1	115	126	149
Short-term debt	12	30.8	24.9	22.7	22.1	29.8	24.6	22.6	31.4	17
Total current liabilities	117	229	161	191	234	236	219	290	331	393
Long-term debt	199	381	434	273	253	458	491
Lease liabilities				40.6		18.7	14.9	6.34	14.8	6.47
Other non-current liabilities	41.7	54.7	56.7	72.8	51.8	39.7	35.3	29.2	38.2	80.5
Total liabilities	550	886	860	712	710	934	957	1,057	1,178	1,383
Total debt	199	381	434	273	253	458	491
Paid-in capital	3,315	3,357	3,443	3,598	3,610	3,738	3,891	4,140	4,182	5,783
Retained earnings	-2,545	-2,547	-2,593	-2,934	-2,908	-2,939	-3,018	-3,121	-3,062	-2,476
Other comprehensive income	-2.49	2.52	-0.06	-0.14	-11.1	-1.21	12.3	1.33	0
Shareholders' equity	768	815	853	667	693	800	889	1,024	1,123	3,313
Total equity	768	815	853	667	693	800	889	1,024	1,123	3,313
Total liabilities and equity	1,319	1,701	1,713	1,379	1,404	1,734	1,846	2,081	2,302	4,696
Shares outstanding				242	244	257	296	386	399	642

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	22.4	10.9	-49	-347	25.6	-31.3	-78.1	-104	58.9	586
Depreciation and amortization	117	147	128	179	131	128	112	99.8	125	251
Stock-based compensation	9.72	10.5	8.33	9.19	8.55	13.7	10	11.4	12	19.2
Deferred income tax	-54.2	-13.9	-48.4	-36.8	-7.28	-10.9	-18.5	-1.5	-8.73	-161
Change in receivables	-2.78	18.9	-9.26	-2.74	-9.46	-0.98	4.45	0.93	-0.5	-6.69
Change in inventory	-34.6	23.5	-44.5	-63	-34.5	-27.6	-51.4	-47.6	-69.6	-51.8
Change in payables	-3.11	11.6	-43.4	23.1	32.9	-7.01	0.51	55.6	79.2	101
Cash from operations	126	208	17.4	91.9	149	110	25.6	67.3	174	887
Capital expenditures	-94.4	-137	-141	-99.8	-99.3	-310	-352	-365	-183	-221
Acquisitions	-1.42	-156	-6.91	0	0		0	0	-10	93.6
Purchases of investments	-0.18	-15.1	-0.43	-5.02	-2.5	-1.96	0	0
Sales and maturities of investments			12.7	2.11	30.8	0.94	40.5	47.6	0	0
Cash from investing	-77.5	-279	-130	-92.6	-65.7	-304	-146	-304	-194	-128
Stock issued	270	0	0	123	0	0	147	169	22.8	10
Cash from financing	-80.2	136	-5.24	-60.9	-46.5	158	125	236	13.9	-261
Exchange rate effect	-0.68	0.2	0.03	0.53	0.65	-0.42	0.4	0.57	-1.12	0.43
Net change in cash	-32.6	65.9	-118	-61.1	37.2	-35.9	4.88	0.21	-6.5	499
Free cash flow	31.4	71.7	-123	-7.89	49.4	-199	-327	-297	-8.95	666
Interest paid	41.9	21.9	22.9	24.4	20.6	19.7	32.7	41.2	49.8	31.8
Income taxes paid	17.2	13	50.4	33.7	35.6	57.2	41.6	35	45.1	178

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $19.22 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	33.8%	Operating income / revenue.
EBITDA margin	49.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	33.5%	Pre-tax income / revenue.
Net margin	26.8%	Net income / revenue.
FCF margin	36.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	46.2%	Cash from operations / revenue.
Effective tax rate	19.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	5.6%	Net income / average total assets.
Return on invested capital (ROIC)	9.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	0.9%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	9.8%	Capital expenditures / revenue.
D&A / revenue	15.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	96.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	38.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	21.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	330.6%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	231.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	136.6%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	894.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	87.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	533.3%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y	53.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	409.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	225.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	42.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	68.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	195.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	55.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	36.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	104.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	36.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	27.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	54.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	30.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	20.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	3.65x	Current assets / current liabilities.
Quick ratio	2.32x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	2.17x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	31.5%	Total liabilities / total assets.
Working capital	$1.29B	Current assets - current liabilities.
Goodwill and intangibles / assets	4.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$9.78B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.21x	Revenue / average total assets.
Fixed asset turnover	0.26x	Revenue / average property, plant and equipment.
Receivables turnover	43.1x	Revenue / average receivables.
Days sales outstanding	8 days	365 x average receivables / revenue.
FCF conversion	136.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	21.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.82	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$3.07	Revenue / diluted weighted shares.
FCF per share	$1.12	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.42	Cash from operations / diluted weighted shares.
Book value per share	$10.12	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$9.51	Tangible book value / shares outstanding.
Cash per share	$1.02	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$19.76B	Share price x shares outstanding.
Enterprise value	$18.70B	Market cap + total debt - cash - short-term investments.
P/E	23.2x	Market cap / net income. Only when net income is positive.
P/S	6.23x	Market cap / revenue.
P/B	1.90x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.02x	Market cap / tangible book value, when positive.
P/FCF	17.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	13.5x	Market cap / cash from operations, when positive.
EV/Sales	5.90x	Enterprise value / revenue.
EV/EBIT	17.5x	Enterprise value / operating income, when both are positive.
EV/EBITDA	11.9x	Enterprise value / EBITDA, when both are positive.
EV/FCF	16.2x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.9%	Free cash flow / market cap.
Earnings yield	4.3%	Net income / market cap (the inverse of P/E).

What was Coeur Mining, Inc.'s revenue in fiscal 2025?

Coeur Mining, Inc. reported revenue of $2.07B for fiscal 2025, 96.4% higher than the year before.

Was Coeur Mining, Inc. profitable in fiscal 2025?

Yes. Net income was $585.9M, a net margin of 28.3%.

How much free cash flow did Coeur Mining, Inc. generate in fiscal 2025?

Cash from operations of $886.9M minus capital expenditures of $221.2M left free cash flow of $665.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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