Aris Mining (ARIS) financial statements
Aris Mining reported revenue of $928M in fiscal 2025, up 32.4% a year over 3 years.
Net income was $78M and the operating margin 38.7%, against 15.4% in 2022.
Free cash flow was $129M.
The diluted share count rose 64% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Aris Mining's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $400M | $448M | $511M | $928M |
| Cost of revenue | $196M | $262M | $315M | $415M |
| Gross profit | $204M | $186M | $196M | $513M |
| Selling, general and admin | $22M | $18M | $18M | $21M |
| Operating income | $61M | $109M | $117M | $359M |
| Interest expense | $24M | $24M | $24M | $37M |
| Pre-tax income | $58M | $59M | $79M | $207M |
| Income tax | $63M | $47M | $56M | $128M |
| Net income | -$5M | $11M | $25M | $78M |
| EPS (diluted) | -$0.25 | $0.08 | $0.14 | $0.41 |
| Diluted shares | 117M | 137M | 159M | 191M |
| Gross margin | 51.0% | 41.5% | 38.4% | 55.3% |
| Operating margin | 15.4% | 24.3% | 23.0% | 38.7% |
| Net margin | -1.2% | 2.6% | 4.8% | 8.4% |
Balance sheet
Fiscal years, from Aris Mining's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $299M | $195M | $253M | $392M |
| Receivables | $49M | $49M | $47M | $77M |
| Inventory | $27M | $39M | $46M | $56M |
| Total current assets | $378M | $289M | $351M | $537M |
| Property, plant and equipment | $749M | $943M | $1.6B | $1.9B |
| Total assets | $1.2B | $1.4B | $2.0B | $2.5B |
| Total current liabilities | $180M | $145M | $135M | $305M |
| Long-term debt | $350M | $341M | $494M | $466M |
| Total liabilities | $746M | $728M | $911M | $1.1B |
| Shareholders' equity | $496M | $625M | $799M | $1.4B |
| Net debt | $102M | $146M | $242M | $74M |
Cash flow
Fiscal years, from Aris Mining's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $77M | $105M | $141M | $373M |
| Capital spending | $115M | $114M | $181M | $244M |
| Free cash flow | -$38M | -$9M | -$40M | $129M |
| Stock-based compensation | $1M | $5M | $5M | $42M |
| Dividends paid | $10M | $0 | — | — |
| Share buybacks (net) | -$3M | $0 | — | — |
| Free cash flow margin | -9.5% | -2.0% | -7.9% | 13.9% |
| Dividends per share | $0.09 | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for ARIS.
Open ARIS in InvestinglyQuestions
What was Aris Mining's revenue in 2025?
$928M in fiscal 2025, from its 10-K filing.
How much free cash flow does Aris Mining generate?
$129M in fiscal 2025 (operating cash flow minus capital spending).
From Aris Mining's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.