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B2Gold Corp (New York Stock Exchange Arca:BTG)
CA · Delayed Price · Currency is USD
Also listed: BTO.TO, 0QYN.LBasic Materials · Gold
$4.96-$0.22 (-4.25%)
Market cap
$6.55B
Insider Score
Health Score
Analyst consensus
Listed since
Jun 24, 2008
Website
Insider Score
––Not scored
BTG Insider Score
No insider has filed an open-market purchase or sale here in the last 90 days, so there is nothing to score yet.
Financial Health Score
Strong
From BTG’s reported statements · Q3 2026 (trailing 12 months)
Profitability20 / 20
Keeps a healthy share of every dollar it sells.
- Revenue
- $3.80B
- Net income
- $1.18B
- Net margin
- 31.1%
Leverage19 / 20
Little or no net debt.
- Total debt
- $546.2M
- Cash
- $293.6M
- Net debt / EBITDA
- 0.11x
Liquidity17 / 20
Comfortably covers what is due within a year.
- Current assets
- $1.14B
- Current liabilities
- $644.2M
- Current ratio
- 1.77
Cash generation19 / 20
The business funds itself from operations.
- Operating cash flow
- $975.6M
- Free cash flow
- $488.6M
- FCF margin
- 12.9%
Dilution & runway20 / 20
Not funding itself by issuing shares.
- Shares outstanding
- 1321.0M
- Share growth (1y)
- -0.3%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
BTG Income Statement
| Fiscal Period | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 |
| Revenue | $836.47 M | $769.31 M | $1.14 B | $1.05 B | $782.95 M | $692.21 M |
| Revenue Growth (YoY) | 6.84 % | 11.14 % | 114.73 % | 110.88 % | 74.68 % | 40.53 % |
| Cost of Revenue | $470.52 M | $468.85 M | $541.28 M | $502.73 M | $392.60 M | $340.77 M |
| Gross Profit | $365.95 M | $300.46 M | $601.32 M | $551.25 M | $390.35 M | $351.44 M |
| SG&A Expense | $22.37 M | $23.82 M | $24.91 M | $28.24 M | $22.21 M | $23.92 M |
| R&D Expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Expenses | $17.08 M | $27.08 M | $28.80 M | $20.18 M | $40.12 M | $34.13 M |
| Operating Income | $348.87 M | $273.38 M | $572.52 M | $531.07 M | $350.22 M | $317.31 M |
| Pretax Income | $583.31 M | $611.21 M | $495.02 M | $359.85 M | $197.79 M | $286.40 M |
| Tax Provision | $169.74 M | $202.25 M | $292.32 M | $179.59 M | $174.66 M | $125.64 M |
| Net Income | $408.90 M | $406.74 M | $197.17 M | $170.58 M | $19.31 M | $154.42 M |
| EPS (Basic) | $0.31 | $0.31 | $0.15 | $0.13 | $0.01 | $0.12 |
| EPS (Diluted) | $0.28 | $0.28 | $0.14 | $0.11 | $0.01 | $0.10 |
| Shares Outstanding | 1.32 B | 1.33 B | 1.34 B | 1.34 B | 1.32 B | 1.32 B |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.
Disclaimer — Informational only — not investment advice. Insider transaction data is sourced from SEC Form 4 filings; market data from public feeds and may be delayed. The Insider Score is a proprietary score for research purposes and does not predict future performance. Always do your own research.