Also trades as: BTO.TO (TSX) · $vol 21M · 0QYN.L (LSE) · $vol 0M

$4.98

+0.16 (+3.32%)

After Hours: $4.92 (-0.06, -1.20%)

Weekly Expected Move ±6.2%

$4 $4 $5 $5 $5

AMEX · Basic Materials · Gold · Tech Score Sell · Power 38 · $6.6B mcap · 1.31B float · 1.81% daily turnover · Short 41% of daily vol

Credit Risk of going bust: lower than 55% of companies Debt: 6.7% of company value Bonds: $54.0M held by 33 funds → details ▾

If the stock fell to about $0.04 (down 99.2%), B2Gold Corp. would be worth roughly what it owes.
Total debt $455.5M against a stock market value of $6.37B.
Distance to default 5.60 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $222.1M (short-term plus half of long-term), stock volatility 60.2%; Altman Z'' 4.61. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$3.1B +63.8% ▲

5Y CAGR: +11.7%

Gross Profit

$1.6B +120.6% ▲

5Y CAGR: +10.2%

Operating Income

$1.4B +678.5% ▲

5Y CAGR: +6.4%

Net Income

$409M +164.9% ▲

5Y CAGR: -8.2%

EPS (Diluted)

$0.28 +158.3% ▲

5Y CAGR: -13.8%

EBITDA

$1.9B +1926.3% ▲

5Y CAGR: +6.9%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.8B	$1.7B	$1.9B	$1.9B	$3.1B
YoY Growth	-1.5%	-1.7%	+11.6%	-1.7%	+63.8%
Cost of Revenue	$994M	$1.1B	$1.2B	$1.2B	$1.6B
Gross Profit	$769M	$604M	$780M	$706M	$1.6B
Gross Margin	43.6%	34.9%	40.3%	37.1%	50.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$73M	$79M	$83M	$84M	$94M
Operating Expenses	$55M	$102M	$453M	$955M	$121M
Operating Income	$714M	$502M	$327M	-$248M	$1.4B
Operating Margin	40.5%	29.0%	16.9%	-13.1%	46.1%
Interest Expense	$12M	$11M	$14M	$35M	$38M
Income Before Tax	$726M	$531M	$320M	-$309M	$994M
Tax Expense	$265M	$244M	$279M	$317M	$560M
Net Income	$420M	$253M	$10M	-$630M	$409M
Net Margin	23.8%	14.6%	0.5%	-33.1%	13.1%
EPS (Diluted)	$0.40	$0.24	$0.01	$-0.48	$0.28
EBITDA	$1.1B	$925M	$730M	$93M	$1.9B
Shares Outstanding	1.06B	1.07B	1.24B	1.31B	1.48B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$448M	$500M	$532M	$692M	$774M	$1.1B	$1.1B	$769M
Cost of Revenue	$225M	$326M	$294M	$341M	$388M	$503M	$541M	$469M
Gross Profit	$223M	$174M	$238M	$351M	$386M	$551M	$601M	$300M
Gross Margin	49.7%	34.8%	44.7%	50.8%	49.9%	52.3%	52.6%	39.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$19M	$29M	$18M	$24M	$22M	$28M	$25M	$24M
Operating Expenses	$785M	$46M	$29M	$22M	$33M	$20M	$29M	$27M
Operating Income	-$562M	$128M	$209M	$330M	$353M	$531M	$573M	$273M
Operating Margin	-125.4%	25.7%	39.2%	47.6%	45.6%	50.4%	50.1%	35.5%
Interest Expense	$7M	$11M	$6M	$5M	$5M	$22M	$18M	$15M
Income Before Tax	-$572M	$108M	$133M	$286M	$196M	$360M	$495M	$611M
Tax Expense	$59M	$118M	$70M	$126M	$173M	$180M	$292M	$202M
Net Income	-$634M	-$12M	$58M	$154M	$19M	$171M	$197M	$407M
Net Margin	-141.4%	-2.4%	10.8%	22.3%	2.5%	16.2%	17.3%	52.9%
EPS (Diluted)	$-0.48	$-0.01	$0.04	$0.10	$0.01	$0.11	$0.14	$0.28
EBITDA	-$477M	$213M	$228M	$394M	$304M	$526M	$672M	$391M
Shares Outstanding	1.31B	1.31B	1.47B	1.48B	1.48B	1.62B	1.50B	1.49B

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