B2Gold (BTG) Free Cash Flow (2013 - 2026)

B2Gold (BTG) recorded quarterly Free Cash Flow of $539.5 million in Q1 2026, up 88.39% quarter-over-quarter from $286.4 million in Q4 2025, and up 201.74% on a YoY basis from $178.8 million in Q1 2025.

B2Gold (BTG) Free Cash Flow (2013 - 2026) Analysis & Trends

B2Gold's Free Cash Flow history runs 14 years deep, the most recent figure standing at $539.5 million for 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 was $539.5 million for Q1 2026 at B2Gold, up from $286.4 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $710.7 million in Q1 2024 to a low of $62.4 million in Q2 2024.
  • Historically, Free Cash Flow has averaged $230.9 million across 5 years, with a median of $195.0 million in 2023.
  • Biggest YoY gain for Free Cash Flow was 308.57% in 2025; the steepest drop was 74.84% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at $270.5 million in 2022, then decreased by 24.05% to $205.4 million in 2023, then plunged 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.
  • The last three Free Cash Flow figures came in at $539.5 million (Q1 2026), $286.4 million (Q4 2025), and $255.1 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -3.14 Mn
2 Barrick Mining 996.87 Bn 999.60 Bn 3.12 Bn 3.53 Bn
3 Wheaton Precious Metals 410.57 Bn 409.42 Bn 699.37 Mn 765.82 Mn
4 Alamos Gold 136.28 Bn 135.62 Bn 442.20 Mn -
5 Gold Fields 128.61 Bn 126.83 Bn - -
6 Kinross Gold 103.07 Bn 100.89 Bn 1.44 Bn 1.87 Bn
7 Newmont 100.59 Bn 91.98 Bn 7.29 Bn 3.14 Bn
8 Equinox Gold 47.64 Bn 47.14 Bn - 184.84 Mn
9 AngloGold Ashanti 44.52 Bn 41.55 Bn 1.94 Bn -
10 B2Gold 13.96 Bn 13.25 Bn 609.77 Mn 539.48 Mn

Historic Data

Download Data
DateValue
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