Fortuna Mining (FSM) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Mar 26, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FSM SEC filings page.
Fortuna Mining (FSM) reported $947.1M in revenue for fiscal year 2025, up 39.8% from the prior fiscal year. This page shows its 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).
Profit growth is currently paired with stronger liquidity and lower balance-sheet leverage, not a debt-funded expansion.
In FY2024, operating cash flow of$365.7M exceeded net income of$141.9M , so accounting profit understated cash produced in that year. That pattern is notable because FY2023 still produced operating cash flow of$296.9M despite a net loss, pointing to a sizable noncash-cost component in reported earnings.
The business moved from a net margin of
Current assets rose to
Financial Health Signals
Fortuna Mining does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
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
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Fortuna Mining held $554.0M in cash against $55.7M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
FSM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
FSM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2540-F | Q4'2440-F | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K | Q4'1810-K |
|---|---|---|---|---|---|---|---|---|
| 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+11.3% |
| 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-19.6% |
| 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-50.6% |
| 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-19.0% |
| 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-9.9% |
| 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+28.4% |
| 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+1.2% |
| Non-Current Liabilities | $368.9M-6.2% | $393.4M-9.8% | $436.0M-3.6% | $452.4M+6.3% | $425.6M+82.6% | $233.1M+10.6% | $210.9M+72.3% | $122.4M+48.4% |
| 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+7.0% |
| 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+26.3% |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.
FSM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
FSM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Fortuna Mining FSM | FY2025 | $947.1M | $311.1M | 32.9% | $3.6B | — |
| Novagold Rscs NG | FY2025 | $0 | -$94.7M | N/A | $3.5B | — |
| Sandstorm Gold SAND | FY2024 | $176.3M | $15.5M | 8.8% | $3.6B | 22/100 |
| Ssr Mng Inc SSRM | FY2025 | $1.6B | $395.8M | 24.3% | $7.6B | 55/100 |
| B2Gold BTG | FY2025 | N/A | $426.7M | N/A | $7.4B | — |
| Eldorado Gold EGO | FY2025 | $1.8B | $504.3M | 27.7% | $11.2B | 39/100 |
Where Fortuna Mining Ranks
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.
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 P/E ratio?
Fortuna Mining (FSM) trades at 11.7x earnings, its market capitalization divided by net income of $311.1M net income, FY2025. The market capitalization is $3.6B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Fortuna Mining's price-to-sales ratio?
Fortuna Mining (FSM) trades at 3.8x sales, its market capitalization divided by revenue of $947.1M revenue, FY2025. The market capitalization is $3.6B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
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.