BTG revenueFY2025$12.45M
- FY YoY
- -40.0%
BTG revenue was $12.45M for fiscal 2025 (ended Dec 31, 2025), down 40.0% from fiscal 2024. It rose in 3 of the last 4 fiscal years.
B2Gold Corp (BTG) financials
For fiscal 2025 (ended Dec 31, 2025), B2Gold Corp reported $401.91M of net income.
- Net income, FY2025
- $401.91M
- EPS, diluted, FY2025
- $0.28
- Cash
- $380.42M
- Total debt
- $598.31M
- P/E
- 17.70
- Market cap
- $7.11B
FY2021FY2025
FY2016FY2025
BTG revenue and earnings growth
BTG net incomeFY2025$401.91M
- 5Y CAGR
- -8.5%
BTG net income was $401.91M for fiscal 2025 (ended Dec 31, 2025), compared with -$629.89M in fiscal 2024. Compound annual growth was -8.5% over 5 years.
BTG EPSFY2025$0.28
- 5Y CAGR
- -13.8%
BTG diluted EPS was $0.28 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.48 in fiscal 2024. Compound annual growth was -13.8% over 5 years.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.45M | $20.73M | $18.52M | $11.96M | $2.98M | - | - | - | - | - |
| Cost of revenue | $1.53B | $1.20B | $1.15B | $1.13B | $993.71M | $830.64M | $705.18M | $670.70M | $488.39M | $473.22M |
| Gross profit | $1.53B | $706.20M | $780.00M | $604.24M | $768.55M | $958.29M | $450.46M | $380.72M | $150.28M | $210.08M |
| Selling, general and admin | $67.09M | $59.48M | $62.36M | $54.48M | $50.19M | $45.60M | $54.56M | $51.29M | $43.61M | $40.92M |
| Operating income | $1.38B | -$248.33M | $327.40M | $502.40M | $713.59M | $1.05B | $508.01M | $286.11M | $86.65M | $126.26M |
| Interest expense | $7.00M | $14.00M | $13.93M | $10.84M | $11.80M | $12.81M | $23.91M | $27.48M | $9.73M | $10.18M |
| Pre-tax income | $976.80M | -$309.22M | $320.33M | $530.62M | $726.23M | $1.03B | $482.39M | $267.13M | $68.90M | $68.53M |
| Income tax | $550.10M | $317.43M | $278.75M | $243.89M | $265.40M | $362.01M | $173.53M | $132.36M | $7.33M | $29.93M |
| Net income | $401.91M | -$629.89M | $10.10M | $252.87M | $420.06M | $628.06M | $293.38M | $28.94M | $56.85M | $39.13M |
| EPS, basic | $0.30 | -$0.48 | $0.01 | $0.24 | $0.40 | $0.60 | $0.29 | $0.03 | $0.06 | $0.04 |
| EPS, diluted | $0.28 | -$0.48 | $0.01 | $0.24 | $0.40 | $0.59 | $0.29 | $0.02 | $0.06 | $0.04 |
| Diluted shares | 1.48B | 1.31B | 1.24B | 1.07B | 1.06B | 1.06B | 1.02B | 1.05B | 991.4M | 955.1M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $380.42M | $336.97M | $306.89M | $651.95M | $673.00M | $479.69M | $140.60M | $102.75M | $147.47M | $144.67M |
| Short-term investments | - | - | - | - | - | - | - | $1.00M | $6.00M | - |
| Inventory | $627.23M | $477.59M | $346.50M | $332.03M | $272.35M | $238.06M | $217.92M | $233.97M | $206.44M | $104.69M |
| Current assets | $1.13B | $901.79M | $710.73M | $1.04B | $1.05B | $762.70M | $429.50M | $363.03M | $395.85M | $277.07M |
| Total assets | $5.88B | $4.81B | $4.87B | $3.68B | $3.56B | $3.36B | $2.68B | $2.55B | $2.69B | $2.34B |
| Current liabilities | $1.06B | $580.69M | $313.47M | $233.62M | $231.19M | $286.09M | $165.06M | $207.25M | $494.54M | $176.04M |
| Short-term debt | $33.87M | $16.42M | $16.26M | $15.52M | $25.41M | $34.11M | $26.03M | $25.01M | $302.63M | $13.94M |
| Long-term debt | $564.44M | $421.46M | $175.87M | $41.71M | $49.73M | $75.91M | $235.82M | $454.53M | $399.55M | $472.85M |
| Total debt | $598.31M | $437.88M | $192.13M | $57.23M | $75.13M | $110.02M | $261.85M | $479.54M | $702.18M | $486.78M |
| Total liabilities | $2.24B | $1.78B | $964.64M | $569.44M | $600.29M | $701.79M | $631.42M | $894.95M | $1.12B | $881.57M |
| Shareholders' equity | $3.59B | $2.98B | $3.91B | $3.11B | $2.96B | $2.66B | $2.05B | $1.65B | $1.57B | $1.45B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $895.84M | $877.60M | $714.45M | $595.80M | $724.11M | $950.64M | $491.97M | $450.87M | $155.00M | $411.81M |
| Investing cash flow | -$892.74M | -$763.30M | -$845.34M | -$388.78M | -$286.28M | -$337.96M | -$266.79M | -$273.47M | -$346.84M | -$391.85M |
| Financing cash flow | $58.65M | -$69.07M | -$192.51M | -$211.28M | -$234.23M | -$278.87M | -$188.06M | -$220.51M | $193.02M | $40.47M |
| Dividends paid | $103.44M | $184.63M | $186.72M | $170.63M | $168.37M | $115.27M | $10.27M | $0 | - | - |
| Share repurchases | $9.85M | $0 | - | - | - | - | - | - | - | - |
| Stock-based compensation | $22.93M | $24.34M | $18.17M | $24.68M | $22.57M | $17.13M | $17.14M | $18.31M | $18.13M | $13.65M |
| Depreciation and amortization | $440.83M | $367.41M | $402.37M | $383.85M | $378.89M | $301.49M | $251.31M | $248.20M | $160.47M | $172.32M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -40.0% | 12.0% | 54.8% | 300.8% | - | - | - | - | - | - |
| Net income growth, YoY | - | - | -96.0% | -39.8% | -33.1% | 114.1% | 913.8% | -49.1% | 45.3% | - |
| EPS growth, YoY | - | - | -95.8% | -40.0% | -32.2% | 103.4% | 1350.0% | -66.7% | 50.0% | - |
| Gross margin | 12297.4% | 3406.0% | 4211.9% | 5050.5% | 25747.1% | - | - | - | - | - |
| Operating margin | 11104.3% | -1197.7% | 1767.9% | 4199.2% | 23906.0% | - | - | - | - | - |
| Net margin | 3228.7% | -3038.0% | 54.5% | 2113.6% | 14072.5% | - | - | - | - | - |
| Return on equity | 11.2% | -21.1% | 0.3% | 8.1% | 14.2% | 23.6% | 14.3% | 1.8% | 3.6% | 2.7% |
| Return on assets | 6.8% | -13.1% | 0.2% | 6.9% | 11.8% | 18.7% | 10.9% | 1.1% | 2.1% | 1.7% |
| Current ratio | 1.06 | 1.55 | 2.27 | 4.43 | 4.52 | 2.67 | 2.60 | 1.75 | 0.80 | 1.57 |
| Debt to equity | 0.17 | 0.15 | 0.05 | 0.02 | 0.03 | 0.04 | 0.13 | 0.29 | 0.45 | 0.33 |
Source: XBRL data B2Gold Corp files with the SEC, latest filing dated Mar 11, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
BTG peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| BTG | - | - | $401.91M | - | $7.11B |
| AGI | $1.81B | +34.3% | $885.80M | 49.0% | $13.32B |
| IAG | $2.85B | +74.7% | $732.30M | 25.7% | $10.71B |
| EGO | $1.82B | +36.8% | $507.26M | 27.9% | $9.31B |
| GLDG | C$314.0K | -55.8% | -C$13.48M | -4292.4% | $167.6M |
BTG FAQ
6 questionsIs BTG profitable?
Yes. B2Gold Corp earned $401.91M in net income for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does BTG have?
B2Gold Corp reported $380.42M in cash and cash equivalents and $598.31M of debt on its most recent balance sheet in SEC filings.How fast is BTG revenue growing?
B2Gold Corp's revenue changed -40.0% in fiscal 2025, to $12.45M.What is BTG earnings per share?
Diluted earnings per share were $0.28 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did BTG last report financial results?
The latest statements here come from B2Gold Corp's 40-F filed on Mar 11, 2026, covering the period ended Dec 31, 2025.Where does this BTG financial data come from?
Quantisnow builds these statements from the structured XBRL data B2Gold Corp files with the SEC. It is provided for information only and is not investment advice.