What is Fortuna Mining's earnings per share (EPS)?

Fortuna Mining (FSM) reported diluted earnings per share of $0.85 for fiscal year 2025. This represents a 214.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Fortuna Mining Financials

FSM

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Fortuna Mining (FSM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FSM FY2025 2026-04-22

Cash has accumulated faster than obligations as profitability rebounded sharply, revealing an asset-heavy business that now finances itself conservatively.

Even in a loss year, operating cash flow outpaced reported earnings; a -$135.9M net loss still came with $194.2M of operating cash flow, pointing to a depreciation-heavy cost structure rather than a simple cash drain. By the latest year, that earlier cash generation had compounded into $554.0M of cash against just $55.7M of long-term debt, so the recovery strengthened financial flexibility instead of leaning on leverage.

Total liabilities stayed contained at $625.3M while equity expanded to $1.74B, which means the balance sheet improved mainly through retained profit, not fresh borrowing. That matters because an earnings rebound is sturdier when it does not arrive with a matching rise in fixed obligations.

Liquidity has changed shape: the current ratio reached 3.0x, and cash alone was more than twice current liabilities, leaving far more room to absorb inventory build or receivable delays. With revenue at $947.1M and assets at $2.36B, this still looks like a capital-intensive operation, but one whose funding pressure has eased materially.

Financial Health Signals

Financial health score pending refresh

We are recalculating Fortuna Mining's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

5/6

Fortuna Mining passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 2 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Key Financial Metrics

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Earnings & Revenue

Revenue

$947.1M

YoY+39.8%

5Y CAGR+27.7%

Fortuna Mining generated $947.1M in revenue in fiscal year 2025. This represents an increase of 39.8% from the prior year.

EBITDA

N/A

Net Income

$311.1M

YoY+119.2%

5Y CAGR+70.6%

Fortuna Mining reported $311.1M in net income in fiscal year 2025. This represents an increase of 119.2% from the prior year.

EPS (Diluted)

$0.85

YoY+214.8%

Fortuna Mining earned $0.85 per diluted share (EPS) in fiscal year 2025. This represents an increase of 214.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$554.0M

YoY+139.5%

5Y CAGR+33.2%

Fortuna Mining held $554.0M in cash against $55.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

306M

YoY-0.2%

Fortuna Mining had 306M shares outstanding in fiscal year 2025. This represents a decrease of 0.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

32.9%

YoY+11.9pp

5Y CAGR+25.1pp

Fortuna Mining's net profit margin was 32.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 11.9 percentage points from the prior year.

Return on Equity

17.9%

YoY+8.2pp

5Y CAGR+15.0pp

Fortuna Mining's ROE was 17.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

FSM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$947.1M+39.8%	$677.2M-19.6%	$842.4M+23.6%	$681.5M+13.6%	$599.9M+115.0%	$279.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$5.6M+43.9%	$3.9M+3.3%	$3.8M+53.5%	$2.5M+5.0%	$2.3M	N/A
Income Tax	$111.4M+116.7%	$51.4M+57.8%	$32.6M+201.7%	$10.8M-77.4%	$47.8M+27.7%	$37.4M
Net Income	$311.1M+119.2%	$141.9M+425.2%	-$43.6M+67.9%	-$135.9M-328.8%	$59.4M+175.6%	$21.6M
EPS (Diluted)	$0.85+214.8%	$0.27	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FSM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.4B+11.6%	$2.1B+7.5%	$2.0B+4.9%	$1.9B-7.2%	$2.0B+91.6%	$1.1B
Current Assets	$764.5M+57.2%	$486.2M+45.9%	$333.3M+31.9%	$252.7M-10.1%	$281.1M+13.3%	$248.1M
Cash & Equivalents	$554.0M+139.5%	$231.3M+80.5%	$128.1M+59.2%	$80.5M-24.8%	$107.1M-18.8%	$131.9M
Inventory	$122.7M-8.8%	$134.5M+16.1%	$115.8M+25.9%	$92.0M+7.2%	$85.8M+143.3%	$35.3M
Accounts Receivable	$74.4M-25.6%	$100.0M+43.8%	$69.5M+2.0%	$68.2M-10.9%	$76.5M-0.1%	$76.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$625.3M-3.7%	$649.5M-4.5%	$679.7M+15.7%	$587.5M-0.8%	$592.4M+79.7%	$329.6M
Current Liabilities	$256.4M+0.1%	$256.0M+5.0%	$243.8M+80.5%	$135.1M-19.0%	$166.8M+72.9%	$96.4M
Long-Term Debt	$55.7M+15.5%	$48.2M+13.6%	$42.5M+255.9%	$11.9M-36.8%	$18.9M+50.8%	$12.5M
Total Equity	$1.7B+18.4%	$1.5B+13.8%	$1.3B0.0%	$1.3B-9.9%	$1.4B+97.0%	$725.8M
Retained Earnings	$488.1M+125.6%	$216.4M+146.9%	$87.6M-36.7%	$138.5M-48.1%	$266.6M+27.7%	$208.7M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$2.4B+11.6%	$2.1B+7.5%	$2.0B+4.9%	$1.9B-7.2%	$2.0B+91.6%	$1.1B+12.7%	$936.1M+19.0%	$786.5M
Current Assets	$764.5M+57.2%	$486.2M+45.9%	$333.3M+31.9%	$252.7M-10.1%	$281.1M+13.3%	$248.1M+62.5%	$152.6M-30.3%	$218.9M
Cash & Equivalents	$554.0M+139.5%	$231.3M+80.5%	$128.1M+59.2%	$80.5M-24.8%	$107.1M-18.8%	$131.9M+58.1%	$83.4M-7.8%	$90.5M
Inventory	$122.7M-8.8%	$134.5M+16.1%	$115.8M+25.9%	$92.0M+7.2%	$85.8M+143.3%	$35.3M+135.6%	$15.0M+4.1%	$14.4M
Accounts Receivable	$74.4M-25.6%	$100.0M+43.8%	$69.5M+2.0%	$68.2M-10.9%	$76.5M-0.1%	$76.6M+60.5%	$47.7M+45.6%	$32.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$625.3M-3.7%	$649.5M-4.5%	$679.7M+15.7%	$587.5M-0.8%	$592.4M+79.7%	$329.6M+9.6%	$300.6M+63.6%	$183.7M
Current Liabilities	$256.4M+0.1%	$256.0M+5.0%	$243.8M+80.5%	$135.1M-19.0%	$166.8M+72.9%	$96.4M+7.4%	$89.8M+46.4%	$61.3M
Long-Term Debt	$55.7M+15.5%	$48.2M+13.6%	$42.5M+255.9%	$11.9M-36.8%	$18.9M+50.8%	$12.5M-16.8%	$15.0M+51.0%	$10.0M
Total Equity	$1.7B+18.4%	$1.5B+13.8%	$1.3B0.0%	$1.3B-9.9%	$1.4B+97.0%	$725.8M+14.2%	$635.4M+5.4%	$602.8M
Retained Earnings	$488.1M+125.6%	$216.4M+146.9%	$87.6M-36.7%	$138.5M-48.1%	$266.6M+27.7%	$208.7M+11.5%	$187.2M+14.6%	$163.4M

FSM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	N/A	$365.7M+23.2%	$296.9M+52.8%	$194.2M+32.0%	$147.1M+57.6%	$93.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	-$194.4M+10.3%	-$216.9M+15.1%	-$255.3M-115.5%	-$118.5M-4.3%	-$113.6M
Financing Cash Flow	N/A	-$66.1M-102.1%	-$32.7M-185.1%	$38.5M+174.8%	-$51.4M-174.6%	$68.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FSM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	32.9%+11.9pp	20.9%+26.1pp	-5.2%+14.8pp	-19.9%-29.8pp	9.9%+2.2pp	7.7%
Return on Equity	17.9%+8.2pp	9.7%+13.1pp	-3.4%+7.2pp	-10.5%-14.7pp	4.2%+1.2pp	3.0%
Return on Assets	13.2%+6.5pp	6.7%+8.9pp	-2.2%+5.0pp	-7.2%-10.2pp	2.9%+0.9pp	2.0%
Current Ratio	2.98+1.1	1.90+0.5	1.37-0.5	1.87+0.2	1.69-0.9	2.57
Debt-to-Equity	0.030.0	0.030.0	0.03+0.0	0.010.0	0.010.0	0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.98+1.1	1.90+0.5	1.37-0.5	1.87+0.2	1.69-0.9	2.57+0.9	1.70-1.9	3.57
Debt-to-Equity	0.030.0	0.030.0	0.03+0.0	0.010.0	0.010.0	0.020.0	0.020.0	0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Fortuna Mining's annual revenue?

Fortuna Mining (FSM) reported $947.1M in total revenue for fiscal year 2025. This represents a 39.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Fortuna Mining's revenue growing?

Fortuna Mining (FSM) revenue grew by 39.8% year-over-year, from $677.2M to $947.1M in fiscal year 2025.

Is Fortuna Mining profitable?

Yes, Fortuna Mining (FSM) reported a net income of $311.1M in fiscal year 2025, with a net profit margin of 32.9%.

How much debt does Fortuna Mining have?

As of fiscal year 2025, Fortuna Mining (FSM) had $554.0M in cash and equivalents against $55.7M in long-term debt.

What is Fortuna Mining's net profit margin?

Fortuna Mining (FSM) had a net profit margin of 32.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Fortuna Mining's return on equity (ROE)?

Fortuna Mining (FSM) has a return on equity of 17.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What are Fortuna Mining's total assets?

Fortuna Mining (FSM) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Fortuna Mining have outstanding?

Fortuna Mining (FSM) had 306M shares outstanding as of fiscal year 2025.

What is Fortuna Mining's current ratio?

Fortuna Mining (FSM) had a current ratio of 2.98 as of fiscal year 2025, which is generally considered healthy.

What is Fortuna Mining's debt-to-equity ratio?

Fortuna Mining (FSM) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Fortuna Mining's return on assets (ROA)?

Fortuna Mining (FSM) had a return on assets of 13.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Fortuna Mining's Piotroski F-Score?

Fortuna Mining (FSM) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.