IAMGOLD Corp Financials

IAG

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

This page shows IAMGOLD Corp (IAG) 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 IAG FY2025 2026-04-22

A capital-intensive buildout turned into a cash-harvest year once reinvestment eased and the company stayed lightly leveraged.

FY2023-FY2024 proved that accounting profit did not fund the business: combined net income of $951.6M still came with cumulative free cash outflow of -$820.5M. By FY2025, operating cash flow of $1.14B paired with capex of just $293.5M, showing the cash inflection came from both stronger cash earnings and sharply lower reinvestment demands.

The balance sheet became less debt-dependent: long-term debt fell from $100.2M in FY2023 to $79.7M in FY2025. At the same time, equity reached $4.25B and interest expense stayed near $8.2M, so lenders absorb little of the cash the business generates.

Liquidity looks serviceable rather than loose. The current ratio improved to 1.7x in FY2025 and cash rose to $421.9M, but working capital remains inventory-heavy, with inventory at $377.0M versus receivables of $60.9M, so a meaningful share of short-term resources is tied up in physical stock rather than near-cash claims.

Financial Health Signals

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.

Growth

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

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

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

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.

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

Export CSV

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.

EBITDA

N/A

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.

EPS (Diluted)

N/A

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.

Dividends Per Share

N/A

Shares Outstanding

591M

YoY+3.5%

5Y CAGR+4.5%

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

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

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.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

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.

IAG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.9B+74.7%	$1.6B+65.4%	$987.1M+3.0%	$958.8M+9.5%	$875.5M-29.5%	$1.2B
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	$8.2M-2.4%	$8.4M+12.0%	$7.5M+141.9%	$3.1M+19.2%	$2.6M-10.3%	$2.9M
Income Tax	$237.5M+83.5%	$129.4M+321.5%	$30.7M-60.7%	$78.1M+133.8%	$33.4M-24.3%	$44.1M
Net Income	$732.3M-13.6%	$847.8M+716.8%	$103.8M+296.6%	-$52.8M+79.3%	-$255.1M-533.8%	$58.8M
EPS (Diluted)	N/A	$1.50+733.3%	$0.18+250.0%	$-0.12+40.0%	$-0.20-350.0%	$0.08

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

IAG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.9B+8.9%	$5.4B+18.4%	$4.5B+2.5%	$4.4B+11.4%	$4.0B-4.4%	$4.2B
Current Assets	$903.7M+35.2%	$668.3M-11.3%	$753.7M-50.5%	$1.5B+60.0%	$951.1M-31.8%	$1.4B
Cash & Equivalents	$421.9M+21.4%	$347.5M-5.3%	$367.1M-10.0%	$407.8M-25.2%	$544.9M-42.1%	$941.5M
Inventory	$377.0M+38.7%	$271.9M+2.1%	$266.3M+33.2%	$199.9M-33.8%	$302.1M-7.7%	$327.3M
Accounts Receivable	$60.9M+75.5%	$34.7M-48.8%	$67.8M-19.5%	$84.2M+74.0%	$48.4M-40.0%	$80.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.6B-18.6%	$2.0B-13.2%	$2.3B+2.5%	$2.2B+34.1%	$1.7B+2.8%	$1.6B
Current Liabilities	$517.1M-6.1%	$550.6M-12.7%	$630.8M-2.4%	$646.2M+11.1%	$581.7M+73.7%	$334.8M
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
Total Equity	$4.2B+24.9%	$3.4B+50.2%	$2.3B+2.6%	$2.2B-4.8%	$2.3B-9.0%	$2.5B
Retained Earnings	$872.6M+236.4%	$259.4M+148.2%	-$538.3M+14.9%	-$632.4M-12.5%	-$562.2M-82.6%	-$307.9M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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
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
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
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
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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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
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
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%	$7.1M
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
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

IAG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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
Capital Expenditures	$293.5M-47.5%	$558.6M-38.4%	$907.3M+22.2%	$742.7M+41.4%	$525.2M+79.8%	$292.1M
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
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
Financing Cash Flow	-$709.4M-951.6%	$83.3M-58.7%	$201.7M-50.1%	$404.0M+1080.6%	-$41.2M-5250.0%	$800K
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

IAG 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	25.7%-26.3pp	51.9%+41.4pp	10.5%+16.0pp	-5.5%+23.6pp	-29.1%-33.9pp	4.7%
Return on Equity	17.3%-7.7pp	24.9%+20.3pp	4.6%+7.0pp	-2.4%+8.6pp	-11.0%-13.3pp	2.3%
Return on Assets	12.5%-3.3pp	15.8%+13.5pp	2.3%+3.5pp	-1.2%+5.2pp	-6.4%-7.8pp	1.4%
Current Ratio	1.75+0.5	1.21+0.0	1.19-1.2	2.35+0.7	1.64-2.5	4.17
Debt-to-Equity	0.020.0	0.03-0.0	0.04+0.0	0.03+0.0	0.020.0	0.02
FCF Margin	29.8%+34.2pp	-4.5%+71.3pp	-75.8%-40.9pp	-34.8%-7.4pp	-27.4%-31.9pp	4.5%

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	1.75+0.5	1.21+0.0	1.19-1.2	2.35+0.7	1.64-2.5	4.17-0.6	4.75-0.0	4.78
Debt-to-Equity	0.020.0	0.03-0.0	0.04+0.0	0.03+0.0	0.020.0	0.020.0	0.02+0.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

$5.1B

$7.2B

$8.0B

$7.7B

$5.6B

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%.

How much debt does IAMGOLD Corp have?

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

What is IAMGOLD Corp's net profit margin?

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.

What is IAMGOLD Corp's return on equity (ROE)?

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.

What is IAMGOLD Corp's free cash flow?

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.

What is IAMGOLD Corp's operating cash flow?

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

What are IAMGOLD Corp's total assets?

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

What are IAMGOLD Corp's capital expenditures?

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

How many shares does IAMGOLD Corp have outstanding?

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

What is IAMGOLD Corp's current ratio?

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

What is IAMGOLD Corp's debt-to-equity ratio?

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.

What is IAMGOLD Corp's return on assets (ROA)?

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.

What is IAMGOLD Corp's Piotroski F-Score?

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.

Are IAMGOLD Corp's earnings high quality?

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.

How financially healthy is IAMGOLD Corp?

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.