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Fortuna Mining (FSM) Financials

Fortuna Mining logo
$9.34 -0.01 (-0.11%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$9.35 +0.01 (+0.12%)
As of 05/22/2026 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Fortuna Mining

Annual Income Statements for Fortuna Mining

This table shows Fortuna Mining's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 18 66 34 24 22 58 -128 -51 129 557
Consolidated Net Income / (Loss)		 18 66 34 24 22 59 -136 -44 142 311
Net Income / (Loss) Continuing Operations		 18 66 34 24 22 59 -136 -44 90 289
Total Pre-Tax Income 		47 105 67 44 59 107 -125 -11 142 400
Total Operating Income		 49 110 62 34 57 137 -114 -0.41 156 408
Total Gross Profit		 81 110 97 85 110 205 147 190 233 467
Total Revenue		 210 268 263 257 279 600 681 842 677 947
Operating Revenue		 210 268 263 257 279 600 681 842 677 947
Total Cost of Revenue		 130 159 167 173 169 394 535 652 444 480
Operating Cost of Revenue		 130 159 167 173 - - 535 - 444 480
Total Operating Expenses		 32 -0.77 35 50 53 69 260 190 77 59
Selling, General & Admin Expense		 31 25 26 30 35 45 61 64 68 98
Other Operating Expenses / (Income)		 0.77 3.72 8.05 18 17 22 10 30 9.13 8.47
Impairment Charge		 0.00 -31 - - 0.00 0.00 189 97 0.00 -53
Total Other Income / (Expense), net		 -1.43 -5.38 5.75 9.78 1.72 -30 -12 -11 -14 -8.22
Interest Expense		 2.15 0.41 -0.38 0.02 1.41 13 12 22 24 12
Other Income / (Expense), net		 0.39 -4.97 5.37 -1.22 -0.18 -17 0.50 -1.25 0.00 0.70
Income Tax Expense		 29 39 33 20 37 48 11 33 51 111
Net Income / (Loss) Discontinued Operations		 - - - - - - - - - 22
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - 0.00 -1.52 7.77 -7.21 -13 -43
Basic Earnings per Share		 $0.13 $0.42 $0.21 $0.15 $0.12 $0.24 ($0.44) ($0.17) $0.42 $1.82
Weighted Average Basic Shares Outstanding		 136.89M 158.04M 159.79M 160.19M 174.99M 238.00M 291.28M 295.07M 308.89M 306.86M
Diluted Earnings per Share		 $0.13 $0.42 $0.21 $0.14 $0.12 $0.23 ($0.44) ($0.17) $0.41 $1.75
Weighted Average Diluted Shares Outstanding		 138.05M 158.31M 161.64M 164.53M 186.07M 249.44M 291.28M 295.07M 310.75M 334.90M
Weighted Average Basic & Diluted Shares Outstanding		 - 159.64M 159.94M 160.29M 184.20M 291.53M 290.22M 306.59M 306.59M 305.96M

Quarterly Income Statements for Fortuna Mining

No quarterly income statements for Fortuna Mining are available.

Annual Cash Flow Statements for Fortuna Mining

This table details how cash moves in and out of Fortuna Mining's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 10 101 -93 -7.10 48 -25 -27 48 67 252
Net Cash From Operating Activities		 53 70 83 60 -93 -147 194 297 497 467
Net Cash From Continuing Operating Activities		 53 70 83 60 93 147 194 299 497 455
Net Income / (Loss) Continuing Operations		 18 66 34 24 22 59 -136 -44 90 289
Consolidated Net Income / (Loss)		 18 66 34 24 22 59 -136 -44 - 289
Depreciation Expense		 33 43 45 46 45 122 173 220 176 191
Non-Cash Adjustments To Reconcile Net Income		 39 15 36 34 64 59 223 169 237 76
Changes in Operating Assets and Liabilities, net		 -37 -54 -31 -44 -38 -108 -66 -46 -5.62 -97
Net Cash From Discontinued Operating Activities		 - - - - - - - - - 12
Net Cash From Investing Activities		 -51 -39 -205 -142 -114 -118 -255 -217 -151 -98
Net Cash From Continuing Investing Activities		 -51 -39 -214 -142 -114 -119 -255 -216 -151 -162
Purchase of Property, Plant & Equipment		 -40 -37 -37 -28 -93 -152 -251 -217 -161 -178
Purchase of Investments		 -48 -152 -238 -45 -18 -35 - - -36 -6.11
Other Investing Activities, net		 -4.88 -11 -122 -197 -13 29 -4.10 1.36 - 15
Net Cash From Discontinued Investing Activities		 - - - - - - - - - 72
Net Cash From Financing Activities		 8.81 70 29 75 69 -51 38 -33 -277 -61
Net Cash From Continuing Financing Activities		 8.81 70 29 75 69 -51 38 -109 -277 -48
Repayment of Debt		 -1.22 -2.13 -0.91 38 -55 -35 -21 -91 -243 -24
Repurchase of Common Equity		 - - - - - 0.00 -5.93 0.00 -34 -10
Payment of Dividends		 - - - - 0.00 -4.48 -2.71 -1.39 0.00 -13
Issuance of Debt		 - 0.00 29 38 65 0.00 80 0.00 - -0.11
Net Cash From Discontinued Financing Activities		 - - - - - - - - - -13
Effect of Exchange Rate Changes		 0.09 0.14 0.31 -0.02 -0.15 -2.02 -3.99 0.35 -1.92 6.05

Quarterly Cash Flow Statements for Fortuna Mining

No quarterly cash flow statements for Fortuna Mining are available.

Annual Balance Sheets for Fortuna Mining

This table presents Fortuna Mining's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 563 707 787 936 1,055 2,022 1,876 1,968 2,116 2,361
Total Current Assets		 167 272 219 153 248 281 253 333 486 765
Cash & Equivalents		 82 183 91 83 132 107 80 128 231 554
Accounts Receivable		 25 36 33 48 77 76 68 70 100 74
Inventories, net		 14 18 14 15 35 86 92 116 134 123
Other Current Assets		 2.55 2.40 7.34 6.56 4.34 12 12 20 20 14
Plant, Property, & Equipment, net		 131 134 192 376 791 1,712 0.00 0.00 1,539 1,519
Total Noncurrent Assets		 265 301 375 408 16 26 52 60 90 77
Noncurrent Note & Lease Receivables		 0.56 1.22 15 41 16 - 52 60 90 77
Total Liabilities & Shareholders' Equity		 563 707 787 936 1,055 2,022 1,876 1,968 2,116 2,361
Total Liabilities		 140 143 184 301 330 592 588 680 649 625
Total Current Liabilities		 58 61 61 90 96 167 135 244 256 256
Accounts Payable		 40 41 49 65 65 134 112 148 152 153
Current Deferred & Payable Income Tax Liabilities		 14 14 8.36 12 24 21 12 32 80 82
Current Employee Benefit Liabilities		 1.12 1.66 0.84 3.26 0.38 1.88 2.18 5.07 4.51 0.00
Other Current Liabilities		 2.38 3.23 3.40 8.83 6.98 11 9.42 15 20 21
Total Noncurrent Liabilities		 82 82 122 211 233 426 452 436 393 369
Long-Term Debt		 40 40 69 147 159 157 219 163 126 134
Capital Lease Obligations		 0.91 0.00 - 15 13 19 12 42 48 56
Noncurrent Deferred & Payable Income Tax Liabilities		 25 29 31 21 19 192 168 160 144 120
Other Noncurrent Operating Liabilities		 16 14 22 28 42 58 54 71 75 59
Total Equity & Noncontrolling Interests		 423 564 603 635 726 1,430 1,289 1,288 1,466 1,735
Total Preferred & Common Equity		 423 564 603 635 726 1,375 1,245 1,238 1,404 1,677
Total Common Equity		 423 564 603 635 726 1,375 1,245 1,238 1,404 1,677
Common Stock		 344 418 420 422 492 1,080 1,076 1,125 1,130 1,125
Retained Earnings		 63 129 163 187 209 267 138 88 216 488
Other Equity Adjustments		 16 16 19 26 25 29 30 25 58 64
Noncontrolling Interest		 - - - - 0.00 54 44 50 62 58

Quarterly Balance Sheets for Fortuna Mining

No quarterly balance sheets for Fortuna Mining are available.

Annual Metrics And Ratios for Fortuna Mining

This table displays calculated financial ratios and metrics derived from Fortuna Mining's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - 305,959,986.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 305,959,986.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.82
Growth Metrics		 - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 18 70 31 19 21 76 -79 -0.28 152 295
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -0.02% 9.30% 15.31%
Earnings before Interest and Taxes (EBIT)		 49 105 67 33 57 120 -113 -1.66 228 409
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 82 148 112 79 102 242 60 218 458 600
Valuation Ratios		 - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 19 -86 -187 -30 -656 1,550 32 118 332
Efficiency Ratios		 - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 340 391 508 714 765 1,497 -132 -165 -130 1,371
Increase / (Decrease) in Invested Capital		 0.00 51 117 206 51 732 -1,629 -33 35 -38
Book Value per Share		 $3.09 $3.57 $3.78 $3.97 $4.53 $7.47 $4.27 $4.27 $4.58 $5.47
Tangible Book Value per Share		 $3.09 $3.57 $3.78 $3.97 $4.53 $7.47 $4.27 $4.27 $4.58 $5.47
Total Capital		 464 603 672 797 897 1,606 1,520 1,537 1,640 1,925
Total Debt		 41 40 69 162 171 176 231 249 174 190
Total Long-Term Debt		 41 40 69 162 171 176 231 205 174 190
Net Debt		 -83 -173 -94 78 39 67 147 121 -57 -364
Capital Expenditures (CapEx)		 40 37 37 28 93 152 251 217 204 178
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -15 -0.72 -5.74 -21 20 5.16 33 5.31 -1.12 -46
Debt-free Net Working Capital (DFNWC)		 109 212 158 63 152 114 118 133 230 508
Net Working Capital (NWC)		 109 212 158 63 152 114 118 90 230 508
Net Nonoperating Expense (NNE)		 0.54 3.40 -2.90 -5.29 -0.63 16 56 43 11 -16
Net Nonoperating Obligations (NNO)		 -83 -173 -95 78 39 67 -1,421 -1,453 -1,596 -364
Total Depreciation and Amortization (D&A)		 33 43 45 46 45 122 173 220 230 191
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.42 $0.21 $0.15 $0.12 $0.24 ($0.44) $0.00 $0.42 $1.82
Adjusted Weighted Average Basic Shares Outstanding		 0.00 158.04M 159.79M 160.19M 174.99M 238.00M 291.28M 306.59M 308.89M 306.86M
Adjusted Diluted Earnings per Share		 $0.00 $0.42 $0.21 $0.14 $0.12 $0.23 ($0.44) $0.00 $0.41 $1.75
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 158.31M 161.64M 164.53M 186.07M 249.44M 291.28M 306.59M 310.75M 334.90M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 159.64M 159.94M 160.29M 184.20M 291.53M 290.22M 306.59M 306.59M 305.96M
Normalized Net Operating Profit after Tax (NOPAT)		 34 50 31 19 40 76 53 67 162 257
Debt Service Ratios		 - - - - - - - - - -
Payout Ratios		 - - - - - - - - - -

Quarterly Metrics And Ratios for Fortuna Mining

No quarterly metrics and ratios for Fortuna Mining are available.


Financials Breakdown Chart

Fortuna Mining Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Fortuna Mining's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Fortuna Mining's net income appears to be on an upward trend, with a most recent value of $311.06 million in 2025, rising from $17.86 million in 2016. The previous period was $141.91 million in 2024. See Fortuna Mining's forecast for analyst expectations on what's next for the company.

Fortuna Mining's total operating income in 2025 was $408.39 million, based on the following breakdown:
  • Total Gross Profit: $466.90 million
  • Total Operating Expenses: $58.51 million

Over the last 9 years, Fortuna Mining's total revenue changed from $210.26 million in 2016 to $947.06 million in 2025, a change of 350.4%.

Fortuna Mining's total liabilities were at $625.32 million at the end of 2025, a 3.7% decrease from 2024, and a 347.4% increase since 2016.

In the past 9 years, Fortuna Mining's cash and equivalents has ranged from $80.49 million in 2022 to $553.99 million in 2025, and is currently $553.99 million as of their latest financial filing in 2025.

Over the last 9 years, Fortuna Mining's book value per share changed from 3.09 in 2016 to 5.47 in 2025, a change of 77.0%.


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Financial statements for NYSE:FSM last updated on 3/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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