IAMGold (IAG) financial statements
IAMGold reported revenue of $2.9B in fiscal 2025, up 12.5% a year over 9 years.
Net income was $732M and the operating margin 38.3%, against 3.3% in 2016.
Free cash flow was $849M, and the company returned $128M in dividends and $50M in net buybacks.
The diluted share count rose 37% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from IAMGold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $987M | $1.1B | $1.1B | $1.1B | $1.2B | $876M | $959M | $987M | $1.6B | $2.9B |
| Cost of revenue | $885M | $942M | $974M | $996M | $991M | $813M | $811M | $863M | $1.1B | $1.6B |
| Gross profit | $102M | $153M | $137M | $70M | $250M | $62M | $148M | $124M | $550M | $1.2B |
| Selling, general and admin | $39M | $40M | $42M | $42M | $47M | $39M | $52M | $51M | $49M | $58M |
| Operating income | $32M | $580M | $34M | -$338M | $145M | -$105M | $41M | -$300,000 | $944M | $1.1B |
| Interest expense | $23M | $7M | $3M | $8M | $9M | $0 | $39M | $79M | $96M | $110M |
| Pre-tax income | $95M | $608M | $15M | -$328M | $99M | -$54M | $42M | $128M | $977M | $970M |
| Income tax | $33M | $98M | $38M | $30M | $44M | $33M | $78M | $31M | $129M | $238M |
| Net income | $53M | $502M | -$28M | -$413M | $43M | -$254M | -$70M | $94M | $820M | $732M |
| EPS (diluted) | $0.12 | $1.07 | -$0.06 | -$0.88 | $0.09 | -$0.53 | -$0.15 | $0.19 | $1.50 | $1.14 |
| Diluted shares | 424M | 468M | 466M | 468M | 478M | 476M | 479M | 485M | 546M | 582M |
| Gross margin | 10.4% | 14.0% | 12.3% | 6.5% | 20.2% | 7.1% | 15.4% | 12.6% | 33.7% | 42.3% |
| Operating margin | 3.3% | 53.0% | 3.1% | -31.7% | 11.7% | -11.9% | 4.3% | -0.0% | 57.8% | 38.3% |
| Net margin | 5.3% | 45.8% | -2.5% | -38.7% | 3.4% | -29.1% | -7.3% | 9.6% | 50.2% | 25.7% |
Balance sheet
Fiscal years, from IAMGold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $652M | $791M | $734M | $837M | $948M | $552M | $408M | $367M | $348M | $423M |
| Receivables | $49M | $52M | $63M | $51M | $81M | $48M | $84M | $68M | $35M | $61M |
| Inventory | $208M | $200M | $275M | $308M | $327M | $302M | $200M | $266M | $272M | $377M |
| Total current assets | $1.0B | $1.2B | $1.1B | $1.3B | $1.4B | $951M | $1.5B | $754M | $668M | $904M |
| Property, plant and equipment | $1.9B | $1.9B | $2.4B | $2.2B | $2.4B | $2.6B | $2.6B | $3.5B | $4.3B | $4.2B |
| Total assets | $3.4B | $4.0B | $4.0B | $3.9B | $4.2B | $4.0B | $4.4B | $4.5B | $5.4B | $5.9B |
| Total current liabilities | $196M | $231M | $227M | $266M | $335M | $582M | $646M | $631M | $551M | $517M |
| Long-term debt | $485M | $392M | $398M | $404M | $459M | $457M | $910M | $826M | $1.0B | $649M |
| Total liabilities | $1.1B | $1.1B | $1.2B | $1.4B | $1.6B | $1.7B | $2.2B | $2.3B | $2.0B | $1.6B |
| Shareholders' equity | $2.2B | $2.8B | $2.7B | $2.3B | $2.5B | $2.2B | $2.1B | $2.2B | $3.3B | $4.2B |
| Net debt | -$167M | -$272M | -$217M | -$427M | -$483M | -$88M | $502M | $459M | $680M | $227M |
Cash flow
Fiscal years, from IAMGold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $311M | $295M | $191M | $363M | $348M | $285M | $409M | $159M | $486M | $1.1B |
| Capital spending | $270M | $197M | $257M | $248M | $292M | $525M | $743M | $907M | $559M | $294M |
| Free cash flow | $42M | $98M | -$66M | $115M | $56M | -$240M | -$334M | -$748M | -$73M | $849M |
| Stock-based compensation | $5M | $6M | $8M | $9M | $12M | $7M | $5M | $6M | $6M | $8M |
| Dividends paid | — | — | — | — | — | — | $18M | $14M | $18M | $128M |
| Share buybacks (net) | — | — | — | — | — | — | — | $0 | $0 | -$50M |
| Net borrowing | -$142M | -$112M | $0 | -$2M | $444M | -$8M | -$1M | -$9M | $280M | $130M |
| Free cash flow margin | 4.2% | 9.0% | -5.9% | 10.8% | 4.5% | -27.4% | -34.8% | -75.8% | -4.4% | 29.8% |
| Dividends per share | — | — | — | — | — | — | $0.04 | $0.03 | $0.03 | $0.22 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for IAG.
Open IAG in InvestinglyQuestions
What was IAMGold's revenue in 2025?
$2.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does IAMGold generate?
$849M in fiscal 2025 (operating cash flow minus capital spending).
From IAMGold's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.