Every 10-Q that Cleveland-Cliffs Inc. (CLF) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CLF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CLF filings page.
Cleveland-Cliffs Inc. reported higher second-quarter 2026 revenue of $5.23 billion, up from $4.93 billion a year earlier, driven mainly by stronger steel pricing across automotive, distributor and stainless/electrical products. Despite this, the company recorded a net loss attributable to shareholders of $145 million, a substantial improvement from a $486 million loss in 2025, as restructuring, impairment and idled-facility charges declined and pension/OPEB credits increased.
For the first half of 2026, revenue reached $10.15 billion with a net loss of $382 million and consolidated Adjusted EBITDA of $381 million, compared with negative Adjusted EBITDA in the prior-year period. Operating cash flow was a use of $95 million, while capital expenditures were $309 million. Long-term debt rose to $7.70 billion, largely from higher ABL Facility borrowings, but liquidity remained strong with $3.1 billion of cash plus ABL availability. Management highlights benefits from U.S. and Canadian trade protections, footprint optimization through idling underperforming facilities, and new initiatives including a multi-year AI partnership with Palantir and a strategic Memorandum of Understanding with POSCO.
Cleveland-Cliffs reported higher revenue but remained unprofitable in the first quarter of 2026. Revenues rose 6% to $4.922 billion, driven by higher steel prices, improved sales mix and stronger scrap revenue. Average selling price for steel products increased to $1,048 per net ton.
Operating loss narrowed to $213 million from $543 million, and net loss to $229 million versus $486 million a year earlier, with GAAP EPS at a loss of $0.42 per share. Steelmaking Adjusted EBITDA improved to $95 million from a negative $179 million as gross margin improved to a loss of 2% from 9%.
Cash used in operating activities was $325 million, mainly from higher receivables as pricing rose. Capital expenditures were $152 million. Long‑term debt increased to $7.763 billion, largely from higher ABL borrowings, while cash and cash equivalents stood at $45 million and available ABL borrowing capacity at $3.096 billion.
Cleveland-Cliffs Inc. reported a Q3 2025 net loss of $234 million on revenues of $4,734 million, modestly higher than $4,569 million a year ago. Cost inflation and higher interest expense drove an operating loss of $204 million and total other expense of $105 million. For the first nine months, revenues were $14,297 million and the net loss widened to $1,193 million versus $280 million in 2024.
Operating cash flow turned negative at $449 million for the nine months, compared with $577 million provided last year, while capital expenditures were $421 million. Long-term debt rose to $8,039 million, reflecting new $850 million 7.500% 2031 notes and $850 million 7.625% 2034 notes, with an additional $275 million of 2034 notes issued on October 10. The company issued notices to redeem 2027 notes totaling $685 million on October 3. Liquidity remains supported by the ABL Facility with $3,062 million of borrowing capacity available. Integration of the Stelco acquisition continued, with preliminary purchase accounting including $1,025 million of identifiable intangibles and $789 million of goodwill. Indefinite idling actions led to $39 million of asset impairment and $245 million of idled facilities charges year-to-date.