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IAMGOLD Corp Financials

IAG
FY2025 annual
Revenue $2.9B +74.7% YoY
Net Income $732.3M -13.6% YoY
EPS (Diluted) Not reported for FY2025
Free Cash Flow $849.1M +1269.6% YoY
Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

IAMGOLD Corp (IAG) reported $2.9B in revenue for fiscal year 2025, up 74.7% 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).

Rhea AI IAG FY2025

Cash generation has caught up with accounting profit as reinvestment eased, turning a capital-hungry operator into a cash-producing one.

The key shift is the move from -$72.6M of free cash flow to $849.1M, which matters more than the lower net income headline. Cash conversion improved sharply because capital spending fell to $293.5M while operating cash flow rose to $1.1B, so far less of the business's cash is being pulled back into sustaining the asset base.

Financing pressure looks modest: long-term debt is only $79.7M against cash of $421.9M, and liabilities have been coming down as equity builds. That makes this a balance-sheet-led self-funding model, where operating execution matters more than access to lenders.

Profit quality has changed shape rather than simply improved, because net margin compressed from 51.9% to 25.7% even as cash generation strengthened. That leaves the latest year looking more cash-rich than margin-rich, a healthier operating signal than the prior year's unusually profit-dense earnings profile.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 43 / 100
Financial Health Score 43/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of IAMGOLD Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
0

Not available for IAMGOLD Corp, and counted as zero in the overall score.

Growth
96

IAMGOLD Corp's revenue surged 74.7% year-over-year to $2.9B, reflecting rapid business expansion. This strong growth earns a score of 96/100.

Leverage
87

IAMGOLD Corp carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
50

IAMGOLD Corp's current ratio of 1.75 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
25

IAMGOLD Corp's free cash flow margin of 29.8% results in a low score of 25/100. Capital expenditures of $293.5M absorb a large share of operating cash flow.

Returns
0

Not available for IAMGOLD Corp, and counted as zero in the overall score.

Piotroski F-Score Partial
6/8

IAMGOLD Corp passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.56x

For every $1 of reported earnings, IAMGOLD Corp generates $1.56 in operating cash flow ($1.1B OCF vs $732.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.9B
YoY+74.7%
5Y CAGR+18.1%

IAMGOLD Corp generated $2.9B in revenue in fiscal year 2025. This represents an increase of 74.7% from the prior year.

Net Income
$732.3M
YoY-13.6%
5Y CAGR+65.6%

IAMGOLD Corp reported $732.3M in net income in fiscal year 2025. This represents a decrease of 13.6% from the prior year.

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
$849.1M
YoY+1269.6%
5Y CAGR+72.6%

IAMGOLD Corp generated $849.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 1269.6% from the prior year.

Cash & Debt
$421.9M
YoY+21.4%
5Y CAGR-14.8%

IAMGOLD Corp held $421.9M in cash against $79.7M in long-term debt as of fiscal year 2025.

Shares Outstanding
591M
YoY+3.5%

IAMGOLD Corp had 591M shares outstanding in fiscal year 2025. This represents an increase of 3.5% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Net Margin
25.7%
YoY-26.3pp
5Y CAGR+20.9pp

IAMGOLD Corp's net profit margin was 25.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 26.3 percentage points from the prior year.

Return on Equity
17.3%
YoY-7.7pp
5Y CAGR+14.9pp

IAMGOLD Corp's ROE was 17.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.7 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures
$293.5M
YoY-47.5%
5Y CAGR+0.1%

IAMGOLD Corp invested $293.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 47.5% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

IAG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

IAG annual income statement
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16
Revenue$2.9B+74.7%$1.6B+65.4%$987.1M+3.0%$958.8M+9.5%$875.5M-29.5%$1.2B+16.6%$1.1B-4.1%$1.1B+1.5%$1.1B+10.9%$987.1M
Interest Expense$8.2M-2.4%$8.4M+12.0%$7.5M+141.9%$3.1M+19.2%$2.6M-10.3%$2.9M+61.1%$1.8MN/AN/AN/A
Income Tax$237.5M+83.5%$129.4M+321.5%$30.7M-60.7%$78.1M+133.8%$33.4M-24.3%$44.1M+45.1%$30.4M-20.0%$38.0M-61.1%$97.6M+192.2%$33.4M
Net Income$732.3M-13.6%$847.8M+716.8%$103.8M+296.6%-$52.8M+79.3%-$255.1M-533.8%$58.8M+114.8%-$398.0M-1920.3%-$19.7M-103.9%$510.5M+726.1%$61.8M
EPS (Diluted)N/A$1.50+733.3%$0.18+250.0%-$0.12-$0.20$0.08+110.0%-$0.80N/AN/AN/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.

IAG Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

IAG annual balance sheet
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16
Total Assets$5.9B+8.9%$5.4B+18.4%$4.5B+2.5%$4.4B+11.4%$4.0B-4.4%$4.2B+7.6%$3.9B-2.5%$4.0B-0.1%$4.0B+16.7%$3.4B
Current Assets$903.7M+35.2%$668.3M-11.3%$753.7M-50.5%$1.5B+60.0%$951.1M-31.8%$1.4B+10.5%$1.3B+16.2%$1.1B-6.4%$1.2B+14.6%$1.0B
Cash & Equivalents$421.9M+21.4%$347.5M-5.3%$367.1M-10.0%$407.8M-25.2%$544.9M-42.1%$941.5M+13.4%$830.6M+35.0%$615.1M-7.4%$664.1M+1.9%$652.0M
Inventory$377.0M+38.7%$271.9M+2.1%$266.3M+33.2%$199.9M-33.8%$302.1M-7.7%$327.3M+6.1%$308.5M+12.3%$274.7M+37.4%$200.0M-3.8%$207.9M
Accounts Receivable$60.9M+75.5%$34.7M-48.8%$67.8M-19.5%$84.2M+74.0%$48.4M-40.0%$80.7M+57.0%$51.4M-18.7%$63.2M+21.1%$52.2M+6.1%$49.2M
Total Liabilities$1.6B-18.6%$2.0B-13.2%$2.3B+2.5%$2.2B+34.1%$1.7B+2.8%$1.6B+11.5%$1.4B+23.5%$1.2B+4.3%$1.1B-0.8%$1.1B
Current Liabilities$517.1M-6.1%$550.6M-12.7%$630.8M-2.4%$646.2M+11.1%$581.7M+73.7%$334.8M+25.9%$266.0M+17.1%$227.2M-1.7%$231.1M+18.2%$195.5M
Long-Term Debt$79.7M-16.5%$95.4M-4.8%$100.2M+45.9%$68.7M+55.4%$44.2M-9.4%$48.8M+7.5%$45.4M+539.4%$7.1MN/AN/A
Total Equity$4.2B+24.9%$3.4B+50.2%$2.3B+2.6%$2.2B-4.8%$2.3B-9.0%$2.5B+5.2%$2.4B-13.4%$2.8B-1.9%$2.8B+25.3%$2.3B
Retained Earnings$872.6M+236.4%$259.4M+148.2%-$538.3M+14.9%-$632.4M-12.5%-$562.2M-82.6%-$307.9M+12.1%-$350.2M-655.0%$63.1M-30.9%$91.3M+122.3%-$409.7M

Not reported in any period shown, so not listed: Goodwill.

IAG Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

IAG annual cash flow statement
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16
Operating Cash Flow$1.1B+135.1%$486.0M+204.9%$159.4M-61.0%$408.7M+43.4%$285.0M-18.0%$347.6M-4.2%$363.0M+90.0%$191.1M-35.3%$295.3M-5.1%$311.1M
Capital Expenditures$293.5M-47.5%$558.6M-38.4%$907.3M+22.2%$742.7M+41.4%$525.2M+79.8%$292.1M+17.7%$248.1M-3.5%$257.2M+30.6%$197.0M-26.9%$269.5M
Free Cash Flow$849.1M+1269.6%-$72.6M+90.3%-$747.9M-123.9%-$334.0M-39.1%-$240.2M-532.8%$55.5M-51.7%$114.9M+273.8%-$66.1M-167.2%$98.3M+136.3%$41.6M
Investing Cash Flow-$378.3M+35.0%-$582.4M-44.8%-$402.3M+54.9%-$891.9M-41.4%-$630.7M-156.2%-$246.2M-64.4%-$149.8M+33.4%-$224.9M-26.8%-$177.4M-9.9%-$161.4M
Financing Cash Flow-$709.4M-951.6%$83.3M-58.7%$201.7M-50.1%$404.0M+1080.6%-$41.2M-5250.0%$800K0.0%$800K+107.6%-$10.5M+91.0%-$117.2M-635.2%$21.9M

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

IAG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

IAG annual financial ratios
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16
Net Margin25.7%-26.3pp51.9%+41.4pp10.5%+16.0pp-5.5%+23.6pp-29.1%-33.9pp4.7%+42.1pp-37.4%-35.6pp-1.8%-48.4pp46.6%+40.4pp6.3%
Return on Equity17.3%-7.7pp24.9%+20.3pp4.6%+7.0pp-2.4%+8.6pp-11.0%-13.3pp2.3%+18.8pp-16.4%-15.7pp-0.7%-18.6pp17.9%+15.2pp2.7%
Return on Assets12.5%-3.3pp15.8%+13.5pp2.3%+3.5pp-1.2%+5.2pp-6.4%-7.8pp1.4%+11.7pp-10.3%-9.8pp-0.5%-13.4pp12.9%+11.1pp1.8%
Current Ratio1.75+0.5x1.210.0x1.19-1.2x2.35+0.7x1.64-2.5x4.17-0.6x4.750.0x4.78-0.2x5.02-0.2x5.18
Debt-to-Equity0.020.0x0.030.0x0.040.0x0.030.0x0.020.0x0.020.0x0.020.0x0.00-0.4x0.39-0.1x0.50
FCF Margin29.8%+34.2pp-4.5%+71.3pp-75.8%-40.9pp-34.8%-7.4pp-27.4%-31.9pp4.5%-6.3pp10.8%+16.7pp-5.9%-14.9pp9.0%+4.8pp4.2%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin.

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Frequently Asked Questions

What is IAMGOLD Corp's annual revenue?

IAMGOLD Corp (IAG) reported $2.9B in total revenue for fiscal year 2025. This represents a 74.7% 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 IAMGOLD Corp's revenue growing?

IAMGOLD Corp (IAG) revenue grew by 74.7% year-over-year, from $1.6B to $2.9B in fiscal year 2025.

Is IAMGOLD Corp profitable?

Yes, IAMGOLD Corp (IAG) reported a net income of $732.3M in fiscal year 2025, with a net profit margin of 25.7%.

As of fiscal year 2025, IAMGOLD Corp (IAG) had $421.9M in cash and equivalents against $79.7M in long-term debt.

IAMGOLD Corp (IAG) had a net profit margin of 25.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

IAMGOLD Corp (IAG) has a return on equity of 17.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

IAMGOLD Corp (IAG) generated $849.1M in free cash flow during fiscal year 2025. This represents a 1269.6% 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.

IAMGOLD Corp (IAG) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

IAMGOLD Corp (IAG) had $5.9B in total assets as of fiscal year 2025, including both current and long-term assets.

IAMGOLD Corp (IAG) invested $293.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

IAMGOLD Corp (IAG) had 591M shares outstanding as of fiscal year 2025.

IAMGOLD Corp (IAG) had a current ratio of 1.75 as of fiscal year 2025, which is generally considered healthy.

IAMGOLD Corp (IAG) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

IAMGOLD Corp (IAG) had a return on assets of 12.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

IAMGOLD Corp (IAG) has a Piotroski F-Score of 6 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.

IAMGOLD Corp (IAG) has an earnings quality ratio of 1.56x, considered cash-backed (high quality). 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.

IAMGOLD Corp (IAG) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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