Goldgroup Mining Inc. (GORO) Income Statement
GORO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGORO revenue and net income
Where GORO's revenue goes
2025Each bar shows an amount and its share of revenue. GORO kept −6.9% of revenue as net income.
GORO profit margins
GORO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +44.0% | −12.5% | +0.6% | +0.1% |
| Gross profit | — | +1.1% | −10.1% | −2.5% |
| Operating income | — | +20.1% | −6.3% | −0.2% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GORO quarterly EPS vs estimates
Goldgroup Mining beat the analyst EPS estimate in 1 of the last 4 quarters.
GORO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93.3M | $64.8M | $97.8M | $139.1M | $124.2M | $90.7M | $118.6M | $119.5M | $108.8M | $82.8M |
| Cost of revenue | $75.6M | $88.6M | $108.8M | $122.0M | $93.5M | $60.6M | $96.7M | $86.3M | $72.4M | $65.1M |
| Gross profit | $17.6M | −$23.8M | −$11.0M | $17.1M | $30.7M | $30.0M | $21.9M | $33.2M | $36.4M | $17.6M |
| Research & development | — | — | — | — | — | — | — | $4.7M | $4.3M | $4.3M |
| Sales, general & admin | $4.3M | $5.0M | $7.3M | $10.0M | $8.7M | $10.6M | $9.9M | $9.3M | $8.1M | $9.5M |
| Total operating expenses | $5.4M | $5.0M | $7.3M | $10.0M | $8.6M | $13.1M | $8.5M | $10.8M | $8.1M | $9.5M |
| Operating income | $12.2M | −$28.8M | −$18.3M | $7.1M | $22.1M | $16.9M | $13.4M | $22.4M | $28.3M | $8.1M |
| Interest income | — | — | — | — | — | — | $438,000 | $1.3M | $33,000 | $1.3M |
| Interest expense | $16.7M | $13.2M | $10.0M | $906,000 | $11.4M | $10.2M | $679,000 | $0 | $0 | $0 |
| Income before taxes | −$3.0M | −$47.2M | −$30.0M | $2.2M | $17.6M | −$758,000 | $15.5M | $16.6M | $28.5M | $9.1M |
| Income taxes | $3.4M | $9.3M | −$5.9M | $8.6M | $9.6M | $5.6M | $10.0M | $7.3M | $24.3M | $4.8M |
| Net income | −$6.5M | −$56.5M | −$24.1M | −$6.3M | $8.0M | −$6.3M | $5.5M | $9.3M | $4.2M | $4.4M |
| EBITDA | $25.8M | −$27.4M | −$29.6M | $2.4M | $33.8M | $18.2M | $35.4M | $31.6M | $43.5M | $21.7M |
| EPS (diluted) | −$0.13 | −$0.53 | −$0.17 | −$0.09 | $0.10 | $0.07 | $0.09 | $0.15 | $0.21 | $0.08 |
| Gross margin | 18.9% | −36.8% | −11.3% | 12.3% | 24.7% | 33.1% | 18.5% | 27.8% | 33.5% | 21.3% |
| Operating margin | 13.1% | −44.4% | −18.7% | 5.1% | 17.8% | 18.7% | 11.3% | 18.7% | 26.0% | 9.8% |
| Net margin | −6.9% | −87.3% | −24.7% | −4.5% | 6.5% | −7.0% | 4.7% | 7.8% | 3.8% | 5.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.1M | $41.1M | $51.3M | $24.6M | $11.2M | $12.3M | $13.0M | $13.3M | $19.7M | $18.6M | $21.4M | $20.9M |
| Cost of revenue | $14.9M | $26.3M | $24.9M | $19.6M | $16.4M | $14.3M | $19.0M | $22.9M | $24.7M | $22.0M | $24.4M | $26.9M |
| Gross profit | $6.2M | $14.8M | $26.4M | $5.0M | −$5.2M | −$2.0M | −$6.1M | −$9.6M | −$5.0M | −$3.3M | −$3.0M | −$6.0M |
| Sales, general & admin | $1.8M | $1.6M | $1.2M | $1.2M | $1.0M | $1.5M | $1.3M | $1.5M | $952,000 | $1.2M | $1.7M | $1.7M |
| Total operating expenses | $3.7M | $2.6M | $1.7M | $1.6M | $1.0M | $1.5M | $20.3M | $1.5M | $952,000 | $1.2M | $1.7M | $1.7M |
| Operating income | $2.6M | $12.2M | $24.8M | $3.3M | −$6.2M | −$3.6M | −$7.3M | −$11.1M | −$6.0M | −$4.5M | −$4.7M | −$7.7M |
| Interest expense | $3,000 | $4.7M | $7.8M | $170,000 | $4.0M | $3.8M | $6.9M | $1.3M | $3.3M | $2.9M | $229,000 | $688,000 |
| Income before taxes | −$4.4M | $9.5M | $20.0M | −$3.7M | −$11.5M | −$7.8M | −$15.9M | −$16.3M | −$10.8M | −$7.6M | −$4.1M | −$10.0M |
| Income taxes | $1.7M | $4.7M | $2.0M | $941,000 | −$13,000 | $527,000 | — | −$3.6M | $16.2M | −$1.9M | −$1.1M | −$2.7M |
| Net income | −$6.1M | $4.7M | $18.0M | −$4.7M | −$11.5M | −$8.3M | −$14.3M | −$12.7M | −$27.0M | −$5.7M | −$3.1M | −$7.3M |
| EBITDA | −$4.0M | $18.2M | $28.2M | −$3.5M | −$11.3M | −$4.9M | — | −$16.0M | −$4.4M | −$3.0M | $2.6M | −$4.2M |
| EPS (diluted) | −$0.08 | $0.03 | $0.14 | −$0.03 | −$0.09 | −$0.15 | −$0.07 | −$0.11 | −$0.30 | −$0.05 | −$0.03 | −$0.08 |
| Gross margin | 29.5% | 35.9% | 51.5% | 20.1% | −46.2% | −16.6% | −46.7% | −71.7% | −25.4% | −17.9% | −14.0% | −28.9% |
| Operating margin | 12.2% | 29.6% | 48.3% | 13.6% | −55.4% | −29.2% | −56.6% | −83.0% | −30.2% | −24.2% | −21.9% | −36.8% |
| Net margin | −28.8% | 11.5% | 35.1% | −18.9% | −102.5% | −67.9% | −109.9% | −95.1% | −137.1% | −30.5% | −14.3% | −35.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GORO's financial statements (latest annual report filed March 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GORO financial results
In fiscal year 2025 (ended December 31, 2025), Goldgroup Mining reported revenue of $93.3 million, up 44.0% from the year before. It had a net loss of $6.5 million, a net profit margin of −6.9%. Diluted earnings per share came to −$0.13. Over five years revenue grew at an average rate of 0.6% a year.
See the GORO stock overview for the latest quote and news, or the GORO chart for price history and technical indicators.
GORO income statement FAQ
What is Goldgroup Mining's annual revenue?
Goldgroup Mining reported total revenue of $93.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 44.0% from $64.8 million the previous year.
Is Goldgroup Mining profitable?
No. Goldgroup Mining reported a net loss of $6.5 million in fiscal 2025, a net profit margin of −6.9%; its operating margin was 13.1%.
What is Goldgroup Mining's gross margin?
Goldgroup Mining's gross margin was 18.9% in fiscal 2025: for every $100 of revenue, Goldgroup Mining kept $19 after the direct cost of its products and services.
How fast is Goldgroup Mining growing?
Revenue grew 0.6% a year on average over the last five fiscal years, from $90.7 million to $93.3 million.
What are Goldgroup Mining's earnings per share?
Goldgroup Mining earned $-0.13 per diluted share in fiscal 2025, compared with $-0.53 a year earlier.
When does Goldgroup Mining's fiscal year end?
Goldgroup Mining's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 18, 2026.