NYSE American · BTG
B2Gold financials
$5.34+1.14%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.06B | $1.90B | $1.93B | $1.73B | $1.76B | $1.79B | $1.16B | $1.05B | $638.7M | $683.3M |
| Gross profit | $1.53B | $706.2M | $780.0M | $604.2M | $768.6M | $958.3M | $450.5M | $380.7M | $150.3M | $210.1M |
| Gross margin | 50.0% | 37.1% | 40.3% | 34.9% | 43.6% | 53.6% | 39.0% | 36.2% | 23.5% | 30.7% |
| Operating income | $1.39B | -$300.2M | $323.5M | $505.1M | $679.5M | $1.05B | $465.1M | $282.0M | $75.6M | $131.0M |
| Net income | $401.9M | -$629.9M | $10.1M | $252.9M | $420.1M | $628.1M | $293.4M | $28.9M | $56.9M | $39.1M |
| Net margin | 13.1% | −33.1% | 0.5% | 14.6% | 23.8% | 35.1% | 25.4% | 2.8% | 8.9% | 5.7% |
| Diluted EPS | $0.28 | $-0.48 | $0.01 | $0.24 | $0.40 | $0.59 | $0.29 | $0.02 | $0.06 | $0.04 |
| EBITDA | $1.40B | $576.8M | $677.8M | $516.5M | $686.4M | $883.1M | $371.9M | $304.8M | $79.7M | $138.9M |
| Operating cash flow | $895.8M | $877.6M | $714.5M | $595.8M | $724.1M | $950.6M | $492.0M | $450.9M | $155.0M | $411.8M |
| Free cash flow | $33.0M | -$40.8M | -$116.8M | $246.0M | $421.8M | $598.1M | $230.8M | $229.0M | -$197.7M | $23.8M |
| Diluted shares | 1,480.9M | 1,308.9M | 1,237.4M | 1,071.0M | 1,061.5M | 1,056.3M | 1,022.9M | 1,047.4M | 991.4M | 955.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $380.4M | $337.0M | $306.9M | $651.9M | $673.0M | $479.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $622.8M | $444.8M | $192.1M | $57.2M | $75.1M | $110.0M |
| Total assets | $5.88B | $4.81B | $4.87B | $3.68B | $3.56B | $3.36B |
| Total liabilities | $2.24B | $1.78B | $964.6M | $569.4M | $600.3M | $701.8M |
| Shareholders' equity | $3.64B | $3.04B | $3.91B | $3.11B | $2.96B | $2.66B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology