Triple Flag Precious Metals Corp. (TFPM) Income Statement
TFPM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTFPM revenue and net income
Where TFPM's revenue goes
2025Each bar shows an amount and its share of revenue. TFPM kept 61.7% of revenue as net income.
TFPM profit margins
TFPM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +47.0% | +37.6% | +28.6% | — |
| Gross profit | +15.8% | +45.4% | +39.8% | — |
| Operating income | — | +54.1% | +46.6% | — |
| Net income | — | +64.3% | +34.5% | — |
| EPS (diluted) | +74.1% | +35.1% | +22.9% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TFPM quarterly EPS vs estimates
Triple Flag Precious Metals beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.30).
TFPM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $395.5M | $269.0M | $204.0M | $151.9M | $150.4M | $112.6M | $59.1M | $43.0M | $41.0M | $0 |
| Cost of revenue | $128.3M | $38.2M | $101.9M | $64.9M | $67.2M | $62.5M | $47.0M | $41.8M | $4.4M | — |
| Gross profit | $267.2M | $230.8M | $102.1M | $87.0M | $83.3M | $50.1M | $12.2M | $1.2M | $36.6M | — |
| Research & development | — | $3.4M | $4.2M | $3.0M | $771,000 | $125,286 | $130,975 | $331,201 | — | — |
| Sales, general & admin | $30.5M | $25.2M | $35.0M | $18.5M | $13.0M | $7.2M | $10.9M | $5.1M | $1.8M | $1.5M |
| Total operating expenses | $32.6M | $248.7M | $61.1M | $22.9M | $14.5M | $15.4M | $43.3M | $5.4M | $65.3M | $6.7M |
| Operating income | $234.6M | −$18.0M | $40.9M | $64.1M | $68.7M | $34.7M | −$31.1M | −$4.2M | −$28.7M | −$4.5M |
| Interest income | $758,000 | $545,000 | $3.2M | $1.9M | $750,000 | $530,000 | $354,000 | $578,000 | — | — |
| Interest expense | $4.3M | $5.6M | $7.3M | $3.3M | $6.4M | $10.4M | $8.7M | $2.9M | — | — |
| Income before taxes | $274.1M | −$12.8M | $36.4M | $59.9M | $52.0M | $62.2M | −$37.5M | $2.0M | −$28.7M | −$6.7M |
| Income taxes | $29.9M | $10.3M | $107,000 | $4.8M | $6.4M | $6.6M | $3.9M | $3.4M | $216,089 | −$138,192 |
| Net income | $244.2M | −$23.1M | $36.3M | $55.1M | $45.5M | $55.6M | −$13.8M | −$32,000 | −$29.0M | −$6.6M |
| EBITDA | $359.3M | $94.4M | $110.4M | $111.6M | $112.5M | $126.2M | $13.1M | $39.2M | $31.8M | −$1.9M |
| EPS (diluted) | $1.01 | $0.58 | $0.34 | $0.41 | $0.30 | $0.36 | −$0.19 | $0.00 | — | — |
| Gross margin | 67.6% | 85.8% | 50.0% | 57.3% | 55.3% | 44.5% | 20.6% | 2.9% | 89.2% | — |
| Operating margin | 59.3% | −6.7% | 20.1% | 42.2% | 45.7% | 30.8% | −52.6% | −9.8% | −70.0% | — |
| Net margin | 61.7% | −8.6% | 17.8% | 36.3% | 30.3% | 49.4% | −23.3% | −0.1% | −70.7% | — |
| 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 | $129.2M | $145.0M | $120.7M | $93.5M | $94.1M | $82.2M | $74.2M | $73.7M | $63.6M | $57.5M | $51.7M | $49.4M |
| Cost of revenue | $41.0M | $40.6M | $32.9M | $10.8M | $31.8M | $32.3M | $27.8M | $37.0M | $24.7M | $24.3M | $25.3M | $23.6M |
| Gross profit | $88.2M | $104.4M | $87.9M | $82.7M | $62.3M | $49.9M | $46.4M | $36.7M | $38.9M | $33.3M | $26.4M | $25.8M |
| Research & development | — | — | — | $1.4M | $1.8M | $262,000 | $366,000 | $851,000 | $1.4M | $834,000 | $873,000 | $991,000 |
| Sales, general & admin | $3.8M | $6.3M | $8.8M | $9.3M | $8.6M | $5.1M | $4.6M | $5.1M | $7.9M | $6.3M | $4.8M | $5.4M |
| Total operating expenses | $3.9M | $7.3M | $11.3M | $26.2M | $7.9M | $5.4M | $5.0M | $6.0M | $149.6M | $12.6M | $14.7M | $33.7M |
| Operating income | $84.4M | $97.0M | $76.6M | $56.5M | $54.4M | $44.6M | $41.4M | $30.7M | −$110.7M | $20.7M | $11.8M | −$7.9M |
| Interest expense | $110,000 | $106,504 | $583,838 | $1.4M | $901,000 | $601,000 | $1.4M | $1.5M | $1.4M | $1.3M | $1.0M | $539,000 |
| Income before taxes | $157.4M | $128.5M | $92.0M | $68.9M | $60.3M | $49.5M | $47.3M | $30.9M | −$111.2M | $20.1M | $10.4M | −$9.6M |
| Income taxes | $1.1M | $13.2M | $14.0M | $7.0M | $4.6M | $4.0M | $6.1M | $1.3M | $260,000 | $2.7M | $647,000 | −$3.5M |
| Net income | $156.3M | $115.3M | $78.0M | $61.9M | $55.7M | $45.5M | $41.3M | $29.6M | −$111.4M | $17.4M | $9.8M | −$6.0M |
| EBITDA | $173.5M | $128.6M | $112.4M | $88.8M | $72.6M | $70.8M | $67.5M | $54.0M | $48.1M | $39.2M | $31.8M | −$9.0M |
| EPS (diluted) | $0.39 | $0.45 | $0.33 | $0.24 | $0.24 | $0.20 | $0.18 | $0.15 | $0.13 | $0.12 | $0.09 | $0.09 |
| Gross margin | 68.3% | 72.0% | 72.8% | 88.5% | 66.3% | 60.7% | 62.5% | 49.8% | 61.2% | 57.8% | 51.1% | 52.2% |
| Operating margin | 65.3% | 66.9% | 63.4% | 60.5% | 57.8% | 54.2% | 55.8% | 41.6% | −174.2% | 36.0% | 22.8% | −16.0% |
| Net margin | 121.0% | 79.5% | 64.6% | 66.3% | 59.2% | 55.3% | 55.6% | 40.2% | −175.3% | 30.3% | 18.9% | −12.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TFPM's financial statements (latest annual report filed March 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TFPM financial results
In fiscal year 2025 (ended December 31, 2025), Triple Flag Precious Metals reported revenue of $395.5 million, up 47.0% from the year before. It had net income of $244.2 million, a net profit margin of 61.7%. Diluted earnings per share came to $1.01. Over five years revenue grew at an average rate of 28.6% a year.
See the TFPM stock overview for the latest quote and news, or the TFPM chart for price history and technical indicators.
TFPM income statement FAQ
What is Triple Flag Precious Metals's annual revenue?
Triple Flag Precious Metals reported total revenue of $395.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 47.0% from $269.0 million the previous year.
Is Triple Flag Precious Metals profitable?
Yes. Triple Flag Precious Metals reported net income of $244.2 million in fiscal 2025, a net profit margin of 61.7%; its operating margin was 59.3%.
What is Triple Flag Precious Metals's gross margin?
Triple Flag Precious Metals's gross margin was 67.6% in fiscal 2025: for every $100 of revenue, Triple Flag Precious Metals kept $68 after the direct cost of its products and services.
How fast is Triple Flag Precious Metals growing?
Revenue grew 28.6% a year on average over the last five fiscal years, from $112.6 million to $395.5 million.
What are Triple Flag Precious Metals's earnings per share?
Triple Flag Precious Metals earned $1.01 per diluted share in fiscal 2025, compared with $0.58 a year earlier.
When will Triple Flag Precious Metals report its next earnings?
Triple Flag Precious Metals is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Triple Flag Precious Metals's fiscal year end?
Triple Flag Precious Metals's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 27, 2026.