FORTITUDE GOLD CORP (FTCO) 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 Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FTCO SEC filings page.
FORTITUDE GOLD CORP (FTCO) reported $18.4M in revenue over the twelve months to Jun 30, 2026, down 40.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Fortitude Gold shifted from profitable, cash-generative production to shrinking revenue and continued cash outflows despite a 2025 accounting profit.
FY2025's net margin of2.3% coincided with operating cash flow of-$13.0M , so reported profitability did not translate into cash. That reverses FY2023, when net margin was23.3% and operating cash flow was$23.0M , pointing to a major change in earnings quality.
Revenue contracted sharply by FY2025 while gross margin recovered to
Total liabilities rose from
Financial Health Signals
FORTITUDE GOLD CORP 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.
FORTITUDE GOLD CORP passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
FORTITUDE GOLD CORP reported $420K of net income while operations used $13.0M of cash. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Key Financial Metrics
Earnings & Revenue
FORTITUDE GOLD CORP generated $8.2M in revenue in Q2 2026. This represents an increase of 68.0% from the same quarter a year earlier. Against the prior quarter it is up 156.3%.
FORTITUDE GOLD CORP reported $577K in net income in Q2 2026. This represents a decrease of 32.0% from the same quarter a year earlier. Against the prior quarter it is up 135.4%.
FORTITUDE GOLD CORP earned $0.02 per diluted share (EPS) in Q2 2026. This represents a decrease of 33.3% from the same quarter a year earlier. Against the prior quarter it is up 133.3%.
Not reported for Q2 2026.
Cash & Balance Sheet
FORTITUDE GOLD CORP recorded an outflow of $5.1M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 79.7% from the same quarter a year earlier. Against the prior quarter it is down 29.8%.
FORTITUDE GOLD CORP held $13.5M in cash as of Q2 2026; long-term debt is not reported for that period.
FORTITUDE GOLD CORP paid $0.03 per share in dividends in Q2 2026. This represents a decrease of 50.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
FORTITUDE GOLD CORP's gross margin was 66.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 11.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.3 percentage points.
FORTITUDE GOLD CORP's net profit margin was 7.0% in Q2 2026, showing the share of revenue converted to profit. This is down 10.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 58.0 percentage points.
FORTITUDE GOLD CORP's ROE was 0.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.
Not reported for Q2 2026.
Capital Allocation
FORTITUDE GOLD CORP invested $710K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 28.4% from the same quarter a year earlier. Against the prior quarter it is up 38.7%.
Not reported for Q2 2026.
Not reported for Q2 2026.
FTCO 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.2M+68.0% | $3.2M-51.0% | $2.3M-75.0% | $4.7M-54.5% | $4.9M-48.9% | $6.5M-20.1% | $9.4M-15.2% | $10.2M-51.9% |
| Cost of Revenue | $2.8M+24.8% | $1.0M-68.4% | $832K-82.7% | $2.2M-59.9% | $2.2M-52.9% | $3.2M-20.3% | $4.8M-7.9% | $5.5M-42.2% |
| Gross Profit | $5.4M+104.3% | $2.2M-34.4% | $1.5M-67.1% | $2.5M-48.4% | $2.7M-44.9% | $3.3M-19.9% | $4.6M-21.6% | $4.8M-59.6% |
| SG&A Expenses | $1.2M-4.9% | $2.2M+72.9% | $1.1M-37.8% | $1.3M-27.7% | $1.3M+7.0% | $1.3M+4.5% | $1.8M+17.5% | $1.7M+30.3% |
| Interest Expense | -$201K-222.6% | -$230K-202.7% | -$204K-169.2% | $110K-70.5% | $164K-63.4% | $224K-57.6% | $295K-50.8% | $373K-32.1% |
| Income Tax | $0-100.0% | $0 | -$35K-101.0% | -$58K+50.4% | $113K+113.2% | $0+100.0% | $3.6M+5667.7% | -$117K-108.1% |
| Net Income | $577K-32.0% | -$1.6M-230.5% | -$1.9M+32.9% | $233K-75.4% | $849K+715.2% | $1.2M+62550.0% | -$2.8M-315.3% | $946K-83.5% |
| EPS (Basic) | $0.02-50.0% | -$0.06-220.0% | -$0.08+27.3% | $0.01-75.0% | $0.04+500.0% | $0.05 | -$0.11-283.3% | $0.04-83.3% |
| EPS (Diluted) | $0.02-33.3% | -$0.06-220.0% | -$0.08+27.3% | $0.01-75.0% | $0.03 | $0.05 | -$0.11-320.0% | $0.04-83.3% |
| Diluted Shares (Avg) | 28M+14.7% | 26M+5.4% | N/A | 25M+1.2% | 24M | 25M+1.6% | N/A | 24M+0.2% |
Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA.
FTCO 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $152.4M+30.8% | $146.0M+21.2% | $136.2M+11.5% | $136.2M+7.1% | $116.5M-7.2% | $120.4M-7.5% | $122.1M-9.6% | $127.1M-6.3% |
| Current Assets | $46.0M+61.0% | $41.3M+20.7% | $38.6M-7.7% | $36.3M-20.0% | $28.6M-45.2% | $34.2M-50.5% | $41.9M-44.4% | $45.4M-56.9% |
| Cash & Equivalents | $13.5M-21.0% | $10.0M-53.2% | $4.7M-82.8% | $11.7M-61.3% | $17.1M-47.8% | $21.4M-48.8% | $27.1M-44.4% | $30.3M-41.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $27.8M+249.7% | $26.5M+195.5% | $29.3M+151.8% | $19.9M+66.2% | $7.9M-47.8% | $9.0M-63.2% | $11.6M-51.2% | $12.0M-76.5% |
| Accounts Receivable | N/A | N/A | N/A | $406K | N/A | $685K+7511.1% | N/A | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $29.6M+202.0% | $31.4M+131.2% | $31.8M+127.0% | $29.4M+114.8% | $9.8M-6.9% | $13.6M+9.1% | $14.0M-3.1% | $13.7M+0.7% |
| Current Liabilities | $10.6M+440.1% | $10.0M+186.8% | $9.1M+119.6% | $7.9M+101.5% | $2.0M-47.6% | $3.5M-40.2% | $4.1M-48.1% | $3.9M-46.9% |
| Non-Current Liabilities | $19.0M+142.7% | $21.5M+112.1% | $22.7M+130.1% | $21.6M+120.1% | $7.8M+15.5% | $10.1M+52.2% | $9.9M+52.0% | $9.8M+56.8% |
| Total Equity | $119.3M+11.8% | $114.0M+6.7% | $104.4M-3.4% | $106.7M-5.9% | $106.7M-7.2% | $106.8M-9.3% | $108.1M-10.3% | $113.4M-7.1% |
| Retained Earnings | -$5.4M-1496.4% | -$5.2M-620.7% | -$2.8M-204.1% | -$110K-101.3% | $388K-96.3% | $992K-92.6% | $2.6M-83.8% | $8.4M-53.0% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
FTCO 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.4M-92.2% | -$3.4M-43.0% | -$4.5M-2125.0% | -$3.8M-365.7% | -$2.3M+54.4% | -$2.4M+18.3% | -$204K-156.5% | $1.4M-85.3% |
| Depreciation & Amortization | $600K0.0% | $306K-67.5% | $306K-77.9% | $500K-70.6% | $600K-62.5% | $942K-33.6% | $1.4M-25.1% | $1.7M-50.0% |
| Stock-Based Compensation | N/A | $1.2M+201.0% | N/A | N/A | N/A | $396K+633.3% | N/A | N/A |
| Capital Expenditures | $710K+28.4% | $512K+31.3% | $686K+331.4% | $313K-71.6% | $553K-50.7% | $390K-64.0% | $159K-57.7% | $1.1M+2.6% |
| Free Cash Flow | -$5.1M-79.7% | -$3.9M-41.4% | -$5.2M-1339.4% | -$4.2M-1307.0% | -$2.8M+53.7% | -$2.8M+30.7% | -$363K-2320.0% | $344K-96.1% |
| Investing Cash Flow | -$710K-28.6% | -$512K-31.3% | -$651K-404.7% | -$311K+71.8% | -$552K+50.8% | -$390K+64.0% | -$129K+84.4% | -$1.1M+39.2% |
| Financing Cash Flow | $8.6M+691.1% | $9.3M+419.6% | -$1.9M+35.3% | -$1.3M+56.1% | -$1.5M+49.9% | -$2.9M-2.8% | -$2.9M-0.3% | -$2.9M-0.3% |
| Dividends Paid | $830K-42.9% | $783K-73.0% | $731K-74.8% | $731K-74.8% | $1.5M-49.9% | $2.9M+0.2% | $2.9M+0.4% | $2.9M+0.4% |
Not reported in any period shown, so not listed: Share Buybacks.
FTCO 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.1%+11.7pp | 68.4%+17.3pp | 64.4%+15.6pp | 53.0%+6.3pp | 54.4%+3.9pp | 51.0%+0.1pp | 48.8%-4.0pp | 46.7%-8.9pp |
| Net Margin | 7.0%-10.4pp | -50.9%-70.0pp | -81.7%-51.4pp | 5.0%-4.2pp | 17.4%+18.8pp | 19.1%+19.1pp | -30.4%-42.4pp | 9.3%-17.7pp |
| Return on Equity | 0.5%-0.3pp | -1.4%-2.6pp | -1.8%+0.8pp | 0.2%-0.6pp | 0.8%+0.9pp | 1.2%+1.2pp | -2.6%-3.7pp | 0.8%-3.9pp |
| Return on Assets | 0.4%-0.4pp | -1.1%-2.2pp | -1.4%+0.9pp | 0.2%-0.6pp | 0.7%+0.8pp | 1.0%+1.0pp | -2.3%-3.3pp | 0.7%-3.5pp |
| Current Ratio | 4.35-10.2x | 4.14-5.7x | 4.26-5.9x | 4.61-7.0x | 14.60+0.6x | 9.83-2.0x | 10.13+0.7x | 11.62-2.7x |
| Debt-to-Equity | 0.25+0.2x | 0.28+0.1x | 0.30+0.2x | 0.28+0.2x | 0.090.0x | 0.130.0x | 0.130.0x | 0.120.0x |
| Asset Turnover | 0.050.0x | 0.020.0x | 0.02-0.1x | 0.030.0x | 0.040.0x | 0.050.0x | 0.080.0x | 0.08-0.1x |
| FCF Margin | -61.8%-4.0pp | -122.0% | -223.5% | -89.2%-92.6pp | -57.8%+6.0pp | -42.2%+6.5pp | -3.9%-3.7pp | 3.4%-37.8pp |
Not reported in any period shown, so not listed: Operating Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: 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 |
|---|---|---|---|---|---|---|
| FORTITUDE GOLD CORP FTCO | FY2025 | $18.4M | $420K | 2.3% | $131.3M | — |
| AUGUSTA GOLD CORP AUGG | FY2024 | N/A | -$6.6M | N/A | $104.8M | — |
Where FORTITUDE GOLD CORP Ranks
Frequently Asked Questions
What is FORTITUDE GOLD CORP's annual revenue?
FORTITUDE GOLD CORP (FTCO) reported $18.4M in total revenue for fiscal year 2025. This represents a -50.7% 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 FORTITUDE GOLD CORP's revenue growing?
FORTITUDE GOLD CORP (FTCO) revenue declined by 50.7% year-over-year, from $37.3M to $18.4M in fiscal year 2025.
Is FORTITUDE GOLD CORP profitable?
Yes, FORTITUDE GOLD CORP (FTCO) reported a net income of $420K in fiscal year 2025, with a net profit margin of 2.3%.
What is FORTITUDE GOLD CORP's gross margin?
FORTITUDE GOLD CORP (FTCO) had a gross margin of 54.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is FORTITUDE GOLD CORP's net profit margin?
FORTITUDE GOLD CORP (FTCO) had a net profit margin of 2.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does FORTITUDE GOLD CORP pay dividends?
Yes, FORTITUDE GOLD CORP (FTCO) paid $0.24 per share in dividends during fiscal year 2025.
What is FORTITUDE GOLD CORP's return on equity (ROE)?
FORTITUDE GOLD CORP (FTCO) has a return on equity of 0.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is FORTITUDE GOLD CORP's free cash flow?
FORTITUDE GOLD CORP (FTCO) recorded an outflow of $15.0M in free cash flow during fiscal year 2025. This represents a -48.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is FORTITUDE GOLD CORP's operating cash flow?
FORTITUDE GOLD CORP (FTCO) recorded an outflow of $13.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are FORTITUDE GOLD CORP's total assets?
FORTITUDE GOLD CORP (FTCO) had $136.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are FORTITUDE GOLD CORP's capital expenditures?
FORTITUDE GOLD CORP (FTCO) invested $1.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is FORTITUDE GOLD CORP's current ratio?
FORTITUDE GOLD CORP (FTCO) had a current ratio of 4.26 as of fiscal year 2025, which is generally considered healthy.
What is FORTITUDE GOLD CORP's debt-to-equity ratio?
FORTITUDE GOLD CORP (FTCO) had a debt-to-equity ratio of 0.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is FORTITUDE GOLD CORP's return on assets (ROA)?
FORTITUDE GOLD CORP (FTCO) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is FORTITUDE GOLD CORP's P/E ratio?
FORTITUDE GOLD CORP (FTCO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $131.3M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is FORTITUDE GOLD CORP's price-to-sales ratio?
FORTITUDE GOLD CORP (FTCO) trades at 7.1x sales, its market capitalization divided by revenue of $18.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $131.3M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does FORTITUDE GOLD CORP's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, FORTITUDE GOLD CORP (FTCO) held $4.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $13.0M over that year. Dividing the one by the other, the reported balance equals about 4 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is FORTITUDE GOLD CORP's Piotroski F-Score?
FORTITUDE GOLD CORP (FTCO) has a Piotroski F-Score of 3 out of 8 computable signals; 1 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.
Are FORTITUDE GOLD CORP's earnings high quality?
FORTITUDE GOLD CORP (FTCO) reported $420K of net income while operations used $13.0M of cash. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.