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B2Gold Corp. (BTG)
NYSEAMERICAN: BTG · Real-Time Price · USD
5.11
+0.41 (8.72%)
At close: Nov 4, 2026, 4:00 PM EST
5.26
+0.15 (2.93%)
Pre-market: Nov 5, 2026, 5:17 AM EST

B2Gold Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Revenue
836.47789.351,1591,054782.95692.21532.11499.79448.23492.57461.44511.97477.89470.85473.56592.47392.55381.99365.58526.11
Revenue Growth
6.83%14.04%117.75%110.88%74.68%40.53%15.31%-2.38%-6.21%4.61%-2.56%-13.59%21.74%23.27%29.53%12.61%-23.16%5.23%0.91%9.71%
Gross Profit
485.02429.37771695.16495.01454.14327.31267.86222.89308.18274.67314.53272.07284.98310.79391.18180.21199.78216.93370.34
Operating Income
334.03361.02521.21426.33248.63296.16157.55148.6679.5189.75155.18-45.07155.91167.13171.18225.0554.48106.52137.09219.98
Net Income
408.9417.33199.94170.5819.31154.4257.59-11.88-633.76-2439.75-113.22-43.0780.4285.97157.76-23.4137.880.72136.94
Earnings Per Share
0.280.290.140.120.010.100.04-0.01-0.48-0.020.03-0.09-0.030.060.080.15-0.020.040.080.13
EPS Growth
2700.00%185.42%250.25%---31.71%----62.47%--68.44%4.66%13.21%--40.63%-12.27%-13.53%

Revenue by Segment
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Corporate & Other
-147.87-180.15-132.61-87.82---------------
Goose Project
77.7219.53136.7628.89---------------
Otjikoto Mine
96.7155.1211.78143.06182.19148.05134.03133.13112.89106.16149.487.9677.89102.3483.3454.657.8384.63140.74
Fekola Mine
518.05734.85639.13472.58377.32254.67229.78194.99270.59256.32255.51292.38281.67314.23415.12230.02224.48197.86312.12
Masbate Mine
244.78229.33198.92226.24132.7129.39135.98120.12109.0898.97107.0697.56111.2956.9994.01107.9499.6883.0973.25
Total
789.351,1591,054782.95692.21532.11499.79448.23492.57461.44511.97477.89470.85473.56592.47392.55381.99365.58526.11

Cash & Debt
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash & Investments
293.59290.03482.06385.29375.65310.31347.76348.54431.11466.84567.81306.9309.57506.21673.74651.95549.46586.69648.76673
Total Debt
546.2456.09519.89598.31637.61442.89425.14437.88239.1840.5145.22192.1349.4555.649.3157.2362.5366.6372.6675.13
Net Cash (Debt)
-252.61-166.05-37.83-213.02-261.96-132.58-77.38-89.35191.94426.33522.6114.77260.12450.61624.43594.72486.93520.07576.1597.87
Net Cash Growth
---------26.21%-5.39%-16.31%-80.70%-46.58%-13.36%8.39%-0.53%5.22%80.19%39.69%61.73%
Net Cash Per Share
-0.17-0.11-0.03-0.14-0.18-0.09-0.05-0.070.150.330.400.090.200.360.580.550.460.490.540.56

Cash Flow & CapEx
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Operating Cash Flow
238.62-78.76539.48290.58171.39255.08178.79120.54-16.162.43710.73205.44110.2194.98203.82270.4993.12124.88107.31266.29
Capital Expenditures
-180.21-170.91-168.5-166.23-247.81-237.95-178.92-237.99-213.98-215.59-233.7-285.18-224.74-204.08-110.86-110.33-72.23-128.36-71.26-105.28
Free Cash Flow
58.41-249.67370.98124.35-76.4217.13-0.13-117.45-230.08-153.16477.03-79.74-114.54-9.192.96160.1620.89-3.4936.06161.01
Free Cash Flow Growth
----------413.14%---157.84%-0.53%-91.71%--61.17%42.59%

Margins
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Gross Margin
57.98%54.40%66.54%65.95%63.22%65.61%61.51%53.59%49.73%62.57%59.52%61.43%56.93%60.52%65.63%66.03%45.91%52.30%59.34%70.39%
Operating Margin
39.93%45.74%44.98%40.45%31.76%42.79%29.61%29.74%17.74%38.52%33.63%-8.80%32.62%35.49%36.15%37.98%13.88%27.88%37.50%41.81%
Pretax Margin
69.74%79.45%43.32%34.14%25.26%41.37%24.95%21.67%-127.55%4.89%28.19%-11.03%8.48%33.86%37.35%39.76%11.89%27.70%39.00%44.64%
Profit Margin
48.88%52.87%17.26%16.18%2.47%22.31%10.82%-2.38%-141.39%-4.87%8.61%-22.12%-9.01%17.08%18.15%26.63%-5.96%9.90%22.08%26.03%
FCF Margin
6.98%-31.63%32.02%11.80%-9.76%2.47%-0.03%-23.50%-51.33%-31.09%103.38%-15.57%-23.97%-1.93%19.63%27.03%5.32%-0.91%9.86%30.60%

Dividends
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Dividend Per Share
-0.0200.0200.0200.0200.0200.0200.0400.0400.0400.0400.0400.0400.0400.0400.0400.0400.0400.0400.040
Dividend Per Share Growth
-0%0%-50.00%-50.00%-50.00%-50.00%0%0%0%0%0%0%0%0%0%0%0%0%0%
Dividend Yield
-2.12%1.76%1.78%2.04%3.33%4.93%6.57%5.17%5.98%6.12%5.05%5.56%4.49%4.06%4.50%4.95%4.74%3.48%4.07%

Valuation
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
PE Ratio
5.786.1811.1214.9829.78--------15.3516.4515.10-9.4911.899.89
P/FCF Ratio
22.74-13.8892.76------12.48---15.6917.8816.19-12.519.32
PS Ratio
1.801.321.641.972.612.191.901.692.121.801.782.131.862.392.312.202.082.012.762.36