Coeur Mining, Inc. (CDE) financials

NYSE · Basic Materials · Gold · 2,620 employees · CEO Mitchell J. Krebs

Price: $13.10 -6.66%
Market cap: $13.6B
Enterprise value: $13.2B
Last report: Q2 '26 filed 2026-08-05
Next report: 2026-11-04 EPS est. $0.14

Revenue (TTM)$3.17B+117.3% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)35.0%+1.9 pp vs a year agoOperating income $1.11B

Net income (TTM)$850M+346.0% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$1.16B+364.5% vs a year agoCapex $310M

Diluted EPS (TTM)$1.24+219.3% vs a year agoSum of the last 4 quarters

Net cash$339M+220.0% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $13.6B
Revenue: $3.17B
Revenue growth: +128%
Profit margin: 26.8%
P/E: 10.4×
P/S: 4.3×
EV / EBITDA: 8.3×
Free cash flow: $1.16B
Net income: $850M
Revenue estimate: $4.71B
Earnings: 2026-11-04
Dividend: $0.02

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-08-05): revenue missed by 12.4%, EPS missed by 53.5%Revenue $1.09B vs $1.24B expected (-12.4%); EPS $0.12 vs $0.26 (-53.5%).
Revenue growth accelerating: 125.9% year on yearQ2 '26 revenue $1.09B, against an average of 113.0% over the four quarters before.
Operating margin 35.0% (TTM), +1.9 pp on a year agoOperating income grew 129.4% while revenue grew 117.3%.
Capex 9.8% of revenue (a year ago 13.7%)$310M invested in the last 4 quarters (+54.7% on a year earlier). Free cash flow $1.16B = 136.0% of net income.
Returned $139M to shareholders = 12.0% of free cash flowBuybacks $118M (a year earlier $2M), dividends $20.6M, stock-based pay $12.4M (TTM).
Diluted share count up 60.9% in a year1.03B diluted shares in Q2 '26, 643M a year earlier.
Net cash $339MCash + short-term investments $1.05B, debt incl. leases $713M; a year ago net debt $283M.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q2 '26	Year ago	Change
Revenue	$1.09B	$481M	+125.9%
Gross margin	49.4%	50.1%	-0.8 pp
Operating income	$217M	$140M	+54.5%
Operating margin	19.9%	29.1%	-9.2 pp
Net income	$122M	$70.7M	+72.3%
Diluted EPS	$0.12	$0.11	+9.1%
Operating cash flow	$513M	$207M	+148.0%
Capex	$126M	$60.8M	+106.7%
Free cash flow	$388M	$146M	+165.2%
R&D	$34.1M	$0	–
Stock-based compensation	$7.41M	$4.22M	+75.6%

Reported vs consensus

2026-08-05

	Actual	Consensus	vs consensus
Revenue	$1.09B	$1.24B	-12.4%
EPS (as estimated)	$0.12	$0.26	-53.5%

From the report of 2026-08-05 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q2 '26	y/y	Share	TTM	TTM y/y	12 quarters
Gold	$695M	+115.1%	68.4%	$1.96B	+71.3%
Product, Silver	$322M	+104.2%	31.6%	$1.13B	+108.8%

Revenue by region

share of total

Segment	Q2 '26	y/y	Share	TTM	TTM y/y
CANADA	$438M	–	40.4%	–	–
United States	$301M	+14.1%	27.7%	$1.35B	+51.3%
MEXICO	$346M	+59.8%	31.9%	$1.25B	+119.8%

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q2 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Las Chispas	–	–	$108M	+489.7%	–	–	$321M
Palmarejo	–	–	$83.7M	+70.8%	–	–	$341M
Rochester	–	–	$64.1M	+142.7%	–	–	$290M
Kensington	–	–	$27.8M	-11.2%	–	–	$178M
Wharf	–	–	$57M	+29.6%	–	–	$217M
Silvertip	–	–	-$10.9M	+16.5%	–	–	-$49M
Other Mining Properties	–	–	-$30.2M	-89.8%	–	–	-$115M
New Afton	–	–	-$31.2M	–	–	–	–
Rainy River	–	–	-$52M	–	–	–	–

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $1.47B
Capex: -$310M
Buybacks: -$118M
Dividends: -$20.6M
Acquisitions: $130M
Net debt issued: -$96.1M
Stock-based compensation: $12.4M
Free cash flow: $1.16B
Returned to shareholders / FCF: 12.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	10.4×	28.8× 2 of 5 years	19.4× – 38.1×
EV / EBITDA	8.3×	15.2×	8.4× – 26.7×
EV / Sales	4.2×	2.8×	1.8× – 5.4×
Price / FCF	11.7×	17.0× 1 of 5 years	17.0× – 17.0×
Price / Book	1.3×	1.8×	1.0× – 3.4×
FCF yield	8.5%	-14.5%	-35.3% – 5.9%
Return on invested capital	6.0%	-18.3%	-107.3% – 16.4%
Return on equity	12.5%	0.0%	-10.1% – 17.7%

Analysts

Consensus target $21.50 (+64.1%)
range $19.00 – $26.50 · rating Buy

Strong buy0

Buy13

Hold7

Sell1

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$4.71B	+127.7%	$0.96	+6.7%	13.6×	4
FY2027	$6.01B	+27.4%	$1.56	+62.7%	8.4×	4
FY2028	$5.28B	-12.1%	$1.63	+4.1%	8.1×	1
FY2029	$4.83B	-8.5%	$1.44	-11.6%	9.1×	1
FY2030	$7.96B	+64.8%	$1.31	-8.8%	10.0×	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 254 figures Coeur Mining, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
Accounts Payable, Current	$262M	$142M	+85.4%	$149M	$126M	+18.3%
Accounts Receivable, after Allowance for Credit Loss, Current	$73.6M	$60.6M	+21.3%	$69.2M	$29.9M	+131.1%
Accounts Receivable, Noncurrent, Nonaccrual	$20.7M	$14.4M	+43.5%	$19.7M	$19.6M	+0.5%
Accretion Expense	$6.09M	$4.9M	+24.2%	$21M	$18.2M	+15.2%
Accrual for Taxes Other than Income Taxes, Current	$12M	$17.5M	-31.3%	$17.5M	$5.49M	+218.1%
Accrued Income Taxes, Current	$91.2M	$53.8M	+69.6%	$116M	$36.5M	+218.5%
Accrued Reclamation Costs, Current	$19.3M	$17.1M	+12.4%	$15.1M	$17M	-11.2%
Accrued Salaries, Current	$58.2M	$29.5M	+97.4%	$42.4M	$31.2M	+36.0%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$2.85B	$2.33B	+22.6%	$2.48B	$2.19B	+13.1%
Additional Paid in Capital, Common Stock	$12.5B	$5.78B	+116.7%	$5.78B	$4.18B	+38.3%
Amortization of Debt Issuance Costs	$421K	$581K	-27.5%	$2.32M	$2.36M	-1.5%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	800K	1.1M	-27.3%	12.9K	61.5K	-79.0%
Asset Retirement Obligation	$423M	$275M	+54.0%	$278M	$260M	+6.5%
Asset Retirement Obligation, Accretion Expense	$6.09M	$4.9M	+24.2%	$19.7M	$16.8M	+17.4%
Asset Retirement Obligation, Liabilities Settled	$2.68M	$2.38M	+12.4%	$9.25M	$5.75M	+60.7%
Asset Retirement Obligation, Revision of Estimate	$0	$0	–	$6.57M	$35.5M	-81.5%
Assets	$15.2B	$4.15B	+266.3%	$4.7B	$2.3B	+104.0%
Assets, Current	$1.78B	$526M	+237.3%	$973M	$273M	+256.2%
Assets, Fair Value Disclosure	$4.03M	–	–	$132M2021-12-31	$27.2M	+386.9%
Buildings and Improvements, Gross	$2.75B	$1.71B	+61.1%	$1.74B	$1.52B	+14.8%
Business Combination, Acquisition Related Costs	$3.95M	$2.82M	+40.1%	$26.4M	$8.52M	+210.1%
Business Combination, Contingent Consideration, Asset, Current	$834K	–	–	$834K	$0	–
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	$13.7M	$23.3M	-41.3%	$23.3M	–	–
Capital Expenditures Incurred but Not yet Paid	–	–	–	$30.7M	$26.5M	+15.7%
Cash and Cash Equivalents, at Carrying Value	$1.05B	$112M	+842.5%	$554M	$55.1M	+905.0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$1.06B	$113M	+830.5%	$556M	$56.9M	+877.1%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$210M	$34.1M	+515.5%	$499M	-$6.5M	+7,769.6%
Certificates of Deposit, at Carrying Value	$9.1M2025-12-31	$8.5M	+7.1%	$9.1M	$8.5M	+7.1%
Common Stock, Dividends, Per Share, Declared	$0.00	–	–	–	–	–
Common Stock, Par or Stated Value Per Share	$0.01	$0.01	0.0%	$0.01	$0.01	0.0%
Common Stock, Shares Authorized	1.3B	900M	+44.4%	900M	900M	0.0%
Common Stock, Shares, Issued	1.03B	643M	+60.0%	642M	399M	+60.8%
Common Stock, Shares, Outstanding	1.03B	643M	+60.0%	642M	399M	+60.8%
Common Stock, Value, Issued	$10.3M	$6.43M	+60.1%	$6.42M	$3.99M	+60.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$122M	$70.7M	+72.3%	$586M	$57.6M	+917.7%
Construction in Progress, Gross	$148M	$135M	+9.7%	$130M	$146M	-11.0%
Contract with Customer, Liability, Revenue Recognized	$138K	$192K	-28.1%	$42.8M	$55.6M	-22.9%
Costs and Expenses	$347M2025-12-31	$239M	+45.3%	$1.36B	$890M	+53.2%
Debt, Current	$2.39M	$29.9M	-92.0%	$17M	$31.4M	-45.8%
Deferred Income Tax Assets, Net	$148M	–	–	$141M	$3.63M	+3,769.9%
Deferred Income Tax Expense (Benefit)	-$8.34M	-$12.2M	+31.7%	-$161M	-$8.73M	-1,743.5%
Deferred Income Tax Liabilities, Net	$3.11B	$326M	+854.6%	$323M	$7.26M	+4,350.0%
Deferred Revenue	$736K	$750K	-1.9%	$683K	$42.9M	-98.4%
Deferred Tax Assets, Capital Loss Carryforwards	$17.1M2025-12-31	$16.9M	+1.1%	$17.1M	$16.9M	+1.1%
Deferred Tax Assets, Gross	$445M2025-12-31	$492M	-9.5%	$445M	$492M	-9.5%
Deferred Tax Assets, Operating Loss Carryforwards	$288M2025-12-31	$304M	-5.3%	$288M	$304M	-5.3%
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	$523M2025-12-31	$615M	-15.0%	$523M	$615M	-15.0%
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	$209M2025-12-31	$301M	-30.7%	$209M	$301M	-30.7%
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	$402M2025-12-31	$471M	-14.7%	$402M	$471M	-14.7%
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$314M2025-12-31	$314M	0.0%	$314M	$314M	0.0%
Deferred Tax Assets, Other	$02025-12-31	$30.6M	-100.0%	$0	$30.6M	-100.0%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities	$15.3M2025-12-31	$18.1M	-15.4%	$15.3M	$18.1M	-15.4%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Asset Retirement Obligations	$58.9M2025-12-31	$49.3M	+19.5%	$58.9M	$49.3M	+19.5%
Deferred Tax Assets, Valuation Allowance	$304M2025-12-31	$490M	-38.1%	$304M	$490M	-38.1%
Deferred Tax Liabilities, Gross	$331M2025-12-31	$5.53M	+5,881.1%	$331M	$5.53M	+5,881.1%
Deferred Tax Liabilities, Net	$189M2025-12-31	$3.63M	+5,111.6%	$189M	$3.63M	+5,111.6%
Deferred Tax Liabilities, Other	$10.1M2025-12-31	$0	–	$10.1M	$0	–
Depreciation, Depletion and Amortization	$256M	$61.4M	+316.8%	$251M	$125M	+100.9%
Derivative Instruments in Hedges, Liabilities, at Fair Value	$1.35M	$62K	+2,077.4%	$124K	$70K	+77.1%
Dividends, Common Stock, Cash	$20.6M	–	–	–	–	–

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30

Data as of 2026-11-02