I-80 Gold Financials
I-80 Gold (IAUX) reported $95.2M in revenue for fiscal year 2025, up 89.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Higher FY2025 sales restored mine-level margin, but the business still ran on external capital because operating cash stayed deeply negative.
Over the last year, gross margin flipped from-31.2% to12.1% . Even with lower leverage, operating cash flow still sat near-$84M and financing inflow rose to$139.0M , while shares outstanding roughly doubled, so the cleaner balance-sheet look came mainly from fresh capital rather than from self-funding operations.
The main FY2025 improvement happened at the gross-profit line, not below it: revenue reached
Free cash flow of
Financial Health Signals
Scored against emerging 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 I-80 Gold'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.
Not available for I-80 Gold, and counted as zero in the overall score.
I-80 Gold scores 1.16, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.6B) relative to total liabilities ($356.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
I-80 Gold passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
I-80 Gold reported a net loss of $198.8M while operations used $83.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
I-80 Gold reported an operating loss of $124.4M against $29.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
I-80 Gold generated $95.2M in revenue in fiscal year 2025. This represents an increase of 89.1% from the prior year.
I-80 Gold reported -$198.8M in net income in fiscal year 2025. This represents a decrease of 63.6% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
I-80 Gold recorded an outflow of $93.2M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 10.3% from the prior year.
I-80 Gold held $63.2M in cash against $97.9M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
I-80 Gold's gross margin was 12.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 43.3 percentage points from the prior year.
I-80 Gold's ROE was -57.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 21.7 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
I-80 Gold invested $9.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 376.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
IAUX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue | $130.0M | $95.2M+89.1% | $50.3M-8.3% | $54.9M |
| Cost of Revenue | $95.7M | $82.0M+26.9% | $64.6M+22.2% | $52.9M |
| Gross Profit | $32.5M | $11.5M+173.2% | -$15.7M-864.0% | $2.1M |
| SG&A Expenses | $33.7M | $29.4M+41.4% | $20.8M-4.0% | $21.6M |
| Operating Income | -$145.8M | -$124.4M-39.6% | -$89.1M+11.8% | -$101.0M |
| Interest Expense | $26.0M | $29.6M-8.9% | $32.5M+19.0% | $27.3M |
| Income Tax | $455K | -$3.3M-319.6% | $1.5M+146.6% | -$3.2M |
| Net Income | -$258.6M | -$198.8M-63.6% | -$121.5M-35.6% | -$89.7M |
| EPS (Diluted) | — | -$0.30 | -$0.34-3.0% | -$0.33 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
IAUX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Assets | $703.4M+7.3% | $655.6M+0.2% | $654.3M |
| Current Assets | $100.3M+137.2% | $42.3M+6.3% | $39.8M |
| Cash & Equivalents | $63.2M+232.8% | $19.0M+16.7% | $16.3M |
| Inventory | $29.3M+90.8% | $15.3M+34.6% | $11.4M |
| Accounts Receivable | $0 | $0-100.0% | $4.3M |
| Total Liabilities | $356.6M+13.2% | $315.0M+1.9% | $309.0M |
| Current Liabilities | $138.3M+86.7% | $74.0M+13.6% | $65.2M |
| Long-Term Debt | $97.9M-36.2% | $153.6M-5.8% | $163.0M |
| Total Equity | $346.8M+1.8% | $340.7M-1.3% | $345.3M |
| Retained Earnings | -$483.7M-69.8% | -$284.8M-74.4% | -$163.3M |
Not reported in any period shown, so not listed: Goodwill.
IAUX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Operating Cash Flow | -$144.2M | -$83.6M-1.3% | -$82.5M-6.5% | -$77.5M |
| Capital Expenditures | $41.6M | $9.6M+376.9% | $2.0M-88.4% | $17.4M |
| Free Cash Flow | -$185.8M | -$93.2M-10.3% | -$84.5M+10.9% | -$94.9M |
| Investing Cash Flow | -$41.6M | -$9.6M-504.1% | -$1.6M+80.7% | -$8.3M |
| Financing Cash Flow | $501.1M | $139.0M+68.2% | $82.7M+26.5% | $65.4M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
IAUX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Gross Margin | 12.1%+43.3pp | -31.2%-35.0pp | 3.7% |
| Operating Margin | -130.7% | -177.0% | -183.8% |
| Net Margin | -208.9% | -241.4% | -163.3% |
| Return on Equity | -57.3%-21.7pp | -35.7%-9.7pp | -26.0% |
| Return on Assets | -28.3%-9.7pp | -18.5%-4.8pp | -13.7% |
| Current Ratio | 0.73+0.2x | 0.570.0x | 0.61 |
| Debt-to-Equity | 0.28-0.2x | 0.450.0x | 0.47 |
| FCF Margin | -97.9% | -167.9% | -172.8% |
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: Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.73), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where I-80 Gold Ranks
Frequently Asked Questions
What is I-80 Gold's annual revenue?
I-80 Gold (IAUX) reported $95.2M in total revenue for fiscal year 2025. This represents a 89.1% 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 I-80 Gold's revenue growing?
I-80 Gold (IAUX) revenue grew by 89.1% year-over-year, from $50.3M to $95.2M in fiscal year 2025.
Is I-80 Gold profitable?
No, I-80 Gold (IAUX) reported a net income of -$198.8M in fiscal year 2025.
How much debt does I-80 Gold have?
As of fiscal year 2025, I-80 Gold (IAUX) had $63.2M in cash and equivalents against $97.9M in long-term debt.
What is I-80 Gold's gross margin?
I-80 Gold (IAUX) had a gross margin of 12.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is I-80 Gold's return on equity (ROE)?
I-80 Gold (IAUX) has a return on equity of -57.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is I-80 Gold's free cash flow?
I-80 Gold (IAUX) recorded an outflow of $93.2M in free cash flow during fiscal year 2025. This represents a -10.3% 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 I-80 Gold's operating cash flow?
I-80 Gold (IAUX) recorded an outflow of $83.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are I-80 Gold's total assets?
I-80 Gold (IAUX) had $703.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are I-80 Gold's capital expenditures?
I-80 Gold (IAUX) invested $9.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is I-80 Gold's current ratio?
I-80 Gold (IAUX) had a current ratio of 0.73 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is I-80 Gold's debt-to-equity ratio?
I-80 Gold (IAUX) had a debt-to-equity ratio of 0.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is I-80 Gold's return on assets (ROA)?
I-80 Gold (IAUX) had a return on assets of -28.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is I-80 Gold's cash runway?
Based on fiscal year 2025 data, I-80 Gold (IAUX) had $63.2M in cash against an annual operating cash burn of $83.6M. This gives an estimated cash runway of approximately 9 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is I-80 Gold's Altman Z-Score?
I-80 Gold (IAUX) has an Altman Z-Score of 1.16, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is I-80 Gold's Piotroski F-Score?
I-80 Gold (IAUX) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 I-80 Gold's earnings high quality?
I-80 Gold (IAUX) reported a net loss of $198.8M while operations used $83.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Can I-80 Gold cover its interest payments?
I-80 Gold (IAUX) reported an operating loss of $124.4M against $29.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is I-80 Gold?
I-80 Gold (IAUX) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.