IAMGOLD CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data IAMGOLD CORP 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

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	987	1,095	1,111	1,065	1,242	876	959	987	1,633	2,853
Cost of revenue	885	942	974	996	991	813	811	863	1,083	1,647
Gross profit	102	153	137	69.6	250	62.2	148	124	550	1,206
General and administrative	38.8	40.3	42.1	42	46.8	38.8	52	50.8	48.9	58.4
Operating income	32.5	580	34.1	-338	145	-105	41.3	-0.3	944	1,094
Interest expense	25.2	10.9	8.8	14.4	23.3	5.2	8.6	21	70.8	112
Interest income	87	16.7	4.9	29.1	-23.9
Pre-tax income	95.2	608	15.1	-328	98.8	-54.5	41.7	128	977	970
Income tax	33.4	97.6	38	30.4	44.1	33.4	78.1	30.7	129	238
Income from continuing operations			-22.9	-359	54.7	-87.9	-36.4	97.5	848	732
Net income to minority interests	9.2	8.9	8.5	14.6	16.2	-0.7	17.3	9.5	28.2
Net income	52.6	502	-28.2	-413	42.6	-254	-70.1	94.3	820	732
EPS, basic	0.13	1.08	-0.06	-0.88	0.09	-0.53	-0.15	0.19	1.52	1.16
EPS, diluted	0.12	1.07	-0.06	-0.88	0.09	-0.53	-0.15	0.19	1.50	1.14

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	652	664	615	831	942	545	408	367	348	422
Short-term investments	0	127	119	6.1	6	7.6	0	0	1	1
Receivables	49.2	52.2	63.2	51.4	80.7	48.4	84.2	67.8	34.7	60.9
Inventory	208	200	275	309	327	302	200	266	272	377
Total current assets	1,013	1,161	1,087	1,263	1,396	951	1,521	754	668	904
Property, plant and equipment	1,868	1,940	2,436	2,240	2,362	2,588	2,598	3,497	4,269	4,163
Total assets	3,401	3,967	3,961	3,862	4,154	3,972	4,425	4,538	5,374	5,853
Accounts payable	163	196	196	212	245	304	294	318	265	329
Total current liabilities	196	231	227	266	335	582	646	631	551	517
Lease liabilities			7.1	45.4	48.8	44.2	68.7	100	95.4	79.7
Total liabilities	1,129	1,120	1,168	1,443	1,609	1,655	2,218	2,274	1,974	1,607
Total debt			399	409	450	450	450
Retained earnings	-410	91.3	63.1	-350	-308	-562	-632	-538	259	873
Shareholders' equity	2,222	2,792	2,733	2,346	2,458	2,240	2,131	2,206	3,337	4,191
Minority interests	49.4	55.2	60	72.7	87.3	77.3	76	58.1	64	54.5
Total equity	2,271	2,847	2,793	2,419	2,546	2,317	2,207	2,264	3,401	4,246
Total liabilities and equity	3,401	3,967	3,961	3,862	4,154	3,972	4,425	4,538	5,374	5,853

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	61.8	511	-19.7	-398	58.8	-255	-52.8	104	848	732
Cash from operations	311	295	191	363	348	285	409	159	486	1,143
Capital expenditures	-270	-197	-257	-248	-292	-525	-743	-907	-559	-294
Cash from investing	-161	-177	-225	-150	-246	-631	-892	-402	-582	-378
Debt issued	0	394	0	0	444
Debt repaid	-142	-506	0	-2.3		-7.7	-1.4	-9.2
Stock issued								0	288	3.9
Share buybacks								0	0	-50
Dividends paid							-18.4	-13.7	-18	-128
Cash from financing	21.9	-117	-10.5	0.8	0.8	-41.2	404	202	83.3	-709
Exchange rate effect	-0.6	11.4	-4.7	1.5	8.7	-9.7	-17.1	1.3	-7	19.5
Net change in cash	171	12.1	-49	216	111	-397	-96.3	-39.9	-20.1	74.4
Free cash flow	41.6	98.3	-66.1	115	55.5	-240	-334	-748	-72.6	849
Income taxes paid	16.3	50	38.9	47.9	35.9	36.1	67.5	82.3	55.4	172

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $19.70 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	42.3%	Gross profit / revenue.
Operating margin	38.3%	Operating income / revenue.
Pre-tax margin	34.0%	Pre-tax income / revenue.
Net margin	25.7%	Net income / revenue.
FCF margin	29.8%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	40.1%	Cash from operations / revenue.
Effective tax rate	24.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	19.5%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	13.0%	Net income / average total assets.
Return on invested capital (ROIC)	24.4%	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%.
Capex / revenue	10.3%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	74.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	43.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	18.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	119.3%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	101.3%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	37.0%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	15.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	198.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	49.7%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-10.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	76.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-24.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y	66.2%	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	135.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	40.9%	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	26.9%	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	72.6%	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	25.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	25.3%	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	11.3%	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	8.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	9.8%	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	7.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.75x	Current assets / current liabilities.
Quick ratio	0.94x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.82x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	27.5%	Total liabilities / total assets.
Interest coverage	9.75x	Operating income / interest expense.
Working capital	$386.6M	Current assets - current liabilities.
Tangible book value	$4.19B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.51x	Revenue / average total assets.
Fixed asset turnover	0.68x	Revenue / average property, plant and equipment.
Inventory turnover	5.08x	Cost of revenue / average inventory.
Days inventory	72 days	365 x average inventory / cost of revenue.
Receivables turnover	59.7x	Revenue / average receivables.
Days sales outstanding	6 days	365 x average receivables / revenue.
Days payables	66 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	12 days	Days inventory + days sales outstanding - days payables.
FCF conversion	116.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	25.7%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.14	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.
EPS, basic	$1.16	Net income per basic share, as reported (split-adjusted).
Payout ratio	17.5%	Dividends paid / net income, when net income is positive.
Dividends / FCF	15.1%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	5.9%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$11.25B	Share price x shares outstanding.
Enterprise value	$10.83B	Market cap + total debt - cash - short-term investments.
P/E	15.4x	Market cap / net income. Only when net income is positive.
P/S	3.94x	Market cap / revenue.
P/B	2.68x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.68x	Market cap / tangible book value, when positive.
P/FCF	13.2x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.84x	Market cap / cash from operations, when positive.
EV/Sales	3.79x	Enterprise value / revenue.
EV/EBIT	9.90x	Enterprise value / operating income, when both are positive.
EV/FCF	12.7x	Enterprise value / free cash flow, when both are positive.
FCF yield	7.5%	Free cash flow / market cap.
Earnings yield	6.5%	Net income / market cap (the inverse of P/E).
Dividend yield	1.1%	Dividends paid over the period / market cap.
Shareholder yield	1.6%	(Dividends paid + share buybacks) / market cap.

What was IAMGOLD CORP's revenue in fiscal 2025?

IAMGOLD CORP reported revenue of $2.85B for fiscal 2025, 74.7% higher than the year before.

Was IAMGOLD CORP profitable in fiscal 2025?

Yes. Net income was $732.3M, a net margin of 25.7%.

How much free cash flow did IAMGOLD CORP generate in fiscal 2025?

Cash from operations of $1.14B minus capital expenditures of $293.5M left free cash flow of $849.1M.

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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