B2Gold (BTG) Free Cash Flow (2013 - 2026)
B2Gold (BTG) posted quarterly Free Cash Flow of $539.5 million for Q1 2026, up 201.74% year-over-year from $178.8 million in Q1 2025, and up 88.39% on a QoQ basis from $286.4 million in Q4 2025.
B2Gold (BTG) Free Cash Flow (2013 - 2026) Analysis & Trends
B2Gold (BTG) has reported Free Cash Flow for 14 consecutive years, with $539.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow rose 201.74% year-over-year to $539.5 million; the TTM figure through Mar 2026 stood at $1.1 billion (up 198.79% YoY), while the FY2025 annual figure was $854.7 million, up 135.98% from the prior year.
- Free Cash Flow came in at $539.5 million for Q1 2026 at B2Gold, up from $286.4 million in the prior quarter.
- The five-year high for Free Cash Flow was $710.7 million in Q1 2024, with the low at $62.4 million in Q2 2024.
- Average Free Cash Flow over 5 years is $230.9 million, with a median of $195.0 million recorded in 2023.
- The largest YoY upside for Free Cash Flow was 308.57% in 2025 against a maximum downside of 74.84% in 2025.
- Year by year, Free Cash Flow stood at $270.5 million in 2022, then declined by 24.05% to $205.4 million in 2023, then sank by 41.32% to $120.5 million in 2024, then soared by 137.56% to $286.4 million in 2025, then jumped by 88.39% to $539.5 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $539.5 million, $286.4 million, and $255.1 million for Q1 2026, Q4 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 3.53 Bn |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 20.23 Mn |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 3.14 Bn |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 71.86 Mn |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 765.82 Mn |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 44.11 Mn |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 520.60 Mn |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 1.25 Bn |
| 10 | B2Gold | 5.12 Bn | 5.16 Bn | 609.77 Mn | 539.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 539.48 Mn |
| Mar 31, 2026 | 539.48 Mn |
| Dec 31, 2025 | 286.36 Mn |
| Dec 31, 2025 | 286.36 Mn |
| Jun 30, 2025 | 255.08 Mn |
| Jun 30, 2025 | 255.08 Mn |
| Mar 31, 2025 | 178.79 Mn |
| Mar 31, 2025 | 178.79 Mn |
| Dec 31, 2024 | 120.54 Mn |
| Dec 31, 2024 | 120.54 Mn |
| Jun 30, 2024 | 62.43 Mn |
| Jun 30, 2024 | 62.43 Mn |
| Mar 31, 2024 | 710.73 Mn |
| Mar 31, 2024 | 710.73 Mn |
| Dec 31, 2023 | 205.44 Mn |
| Dec 31, 2023 | 205.44 Mn |
| Sep 30, 2023 | 110.20 Mn |
| Sep 30, 2023 | 110.20 Mn |
| Jun 30, 2023 | 194.98 Mn |
| Jun 30, 2023 | 194.98 Mn |