FY2025 · ended Dec 31, 2025 · Revenue $18.61B, -3.0% YoY · Filed Feb 9, 2026
Cleveland-Cliffs Inc. (CLF) files with the SEC under industry code 1000, Metal Mining. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $18.6 billion and a net loss of $1.5 billion. Free cash flow was -$1.0 billion. As of Sep 30, 2026 it held $77.0 million in cash and investments and $7.6 billion in total debt.
Revenue (TTM)
$20.07B
+7.8% vs year-ago TTM
Net income (TTM)
$-473.00M
+71.9% vs year-ago TTM
Operating cash flow (TTM)
$116.00M
+112.6% vs year-ago TTM
Free cash flow (TTM)
$-485.00M
+68.6% vs year-ago TTM
EPS (TTM)
$-0.84
+75.5% vs year-ago TTM
Dividend per share
$0.06
-77.8% vs prior year
Shares outstanding
570.39M
+15.4% vs prior year
Net cash
$-7.57B
as of Sep 30, 2026
Operating margin
-1.4%
FY 2026
Company profile
- Industry
- Metal Mining (SIC 1000)
- Listed as
- CLF (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- OH
- Headquarters
- Cleveland, OH
- SEC filer status
- Large accelerated filer
- SEC CIK
- 764065
- Former names
- CLIFFS NATURAL RESOURCES INC. (until Aug 14, 2017); CLEVELAND CLIFFS INC (until Oct 15, 2008)
Other Metal Mining companies
- BHP Group Ltd BHP
- Rio Tinto Ltd RTNTF
- Southern Copper CORP/ SCCO
- Rio Tinto PLC RIO
- Freeport-Mcmoran Inc FCX
- Vale S.A. VALE
- Hudbay Minerals Inc. HBM
- Buenaventura Mining Co Inc BVN
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $18.6B | $19.2B | $22.0B | $23.0B | $20.4B |
| Operating income | -$1.6B | -$763.0M | $659.0M | $1.9B | $4.0B |
| Net income | -$1.5B | -$760.0M | $385.0M | $1.3B | $3.0B |
| Diluted EPS | -$2.91 | -$1.58 | $0.75 | $2.55 | $5.36 |
| Operating cash flow | -$462.0M | $105.0M | $2.3B | $2.4B | $2.8B |
| Free cash flow | -$1.0B | -$590.0M | $1.6B | $1.5B | $2.1B |
| Total assets | $20.0B | $20.9B | $17.5B | $18.8B | $19.0B |
| Total liabilities | $13.7B | $14.1B | $9.4B | $10.7B | $13.2B |
| Stockholders' equity | $6.1B | $6.6B | $7.9B | $7.8B | $5.5B |
| Cash and investments | $57.0M | $54.0M | $198.0M | $26.0M | $48.0M |
| Total debt | $7.9B | $7.8B | $3.6B | $4.7B | $5.8B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 20, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 19, 2026 | Oct 19, 2026 |
| 8-K |
Current report
Officer or director change
|
Jul 24, 2026 | Jul 21, 2026 |
| 10-Q | Quarterly report | Jul 23, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 23, 2026 | Jul 23, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 20, 2026 | May 14, 2026 |
All 1001 Cleveland-Cliffs Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.