Triple Flag Precious Metals (TFPM) financial statements
Triple Flag Precious Metals reported revenue of $389M in fiscal 2025, up 26.8% a year over 4 years.
Net income was $240M and the operating margin 56.8%, against 45.7% in 2021.
The diluted share count rose 38% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Triple Flag Precious Metals's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $150M | $152M | $204M | $269M | $389M |
| Gross profit | $83M | $87M | $102M | $155M | $263M |
| Research and development | $771,000 | $3M | $4M | $3M | $6M |
| Selling, general and admin | $12M | $16M | $20M | $22M | $30M |
| Operating income | $69M | $64M | $41M | -$18M | $221M |
| Interest expense | $6M | $1M | $4M | $5M | $3M |
| Pre-tax income | $52M | $60M | $36M | -$13M | $269M |
| Income tax | $6M | $5M | $107,000 | $10M | $29M |
| Net income | $46M | $55M | $36M | -$23M | $240M |
| EPS (diluted) | $0.31 | $0.35 | $0.18 | -$0.11 | $1.18 |
| Diluted shares | 148M | 156M | 200M | 201M | 204M |
| Gross margin | 55.3% | 57.3% | 50.0% | 57.7% | 67.6% |
| Operating margin | 45.7% | 42.2% | 20.1% | -6.7% | 56.8% |
| Net margin | 30.3% | 36.3% | 17.8% | -8.6% | 61.7% |
Balance sheet
Fiscal years, from Triple Flag Precious Metals's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $54M | $76M | $24M | $39M | $89M |
| Receivables | $7M | $10M | $14M | $17M | $23M |
| Inventory | $1M | — | $1M | $4M | $5M |
| Total current assets | $72M | $91M | $57M | $76M | $153M |
| Total assets | $1.3B | $1.3B | $1.9B | $1.8B | $2.1B |
| Total current liabilities | $4M | $13M | $17M | $27M | $39M |
| Long-term debt | $0 | $0 | $57M | $0 | $0 |
| Total liabilities | $9M | $19M | $84M | $34M | $68M |
| Shareholders' equity | $1.3B | $1.3B | $1.8B | $1.7B | $2.0B |
| Net debt | -$41M | -$71M | $40M | -$36M | -$71M |
Cash flow
Fiscal years, from Triple Flag Precious Metals's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $120M | $118M | $154M | $214M | $313M |
| Stock-based compensation | $1M | $3M | $3M | $422,000 | $292,000 |
| Dividends paid | $15M | $30M | $41M | $43M | $46M |
| Share buybacks (net) | -$2M | -$4M | -$21M | -$9M | -$9M |
| Net borrowing | -$275M | — | $57M | -$57M | $0 |
| Dividends per share | $0.10 | $0.19 | $0.21 | $0.21 | $0.22 |
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What was Triple Flag Precious Metals's revenue in 2025?
$389M in fiscal 2025, from its 10-K filing.
From Triple Flag Precious Metals's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.