B2Gold Corp. (BTG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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BTG Revenue Growth
Revenue Breakdown (FY 2019)
BTG's revenue distribution by segment and geography for fiscal year 2019
By Product/Segment
BTG Revenue Analysis (2014–2025)
As of May 8, 2026, B2Gold Corp. (BTG) generated trailing twelve-month (TTM) revenue of $3.06 billion, reflecting explosive growth of +110.9% year-over-year. The most recent quarter (Q4 2025) recorded $1.05 billion in revenue, up 34.6% sequentially.
Looking at the longer-term picture, BTG's 5-year compound annual growth rate (CAGR) stands at +11.3%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $3.06 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows BTG's business is primarily driven by 1040 Gold and Silver Ores (100%). With over half of revenue concentrated in 1040 Gold and Silver Ores, the company maintains significant focus in this area while developing other growth vectors.
When compared to Basic Materials sector peers including EGO (+37.9% YoY), CDE (+113.7% YoY), and PAAS (+34.3% YoY), BTG has underperformed the peer group in terms of revenue growth. Compare BTG vs EGO →
BTG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BTGCurrent | $3.1B | +110.9% | +11.3% | 45.9% | |
 EGO | $1.9B | +37.9% | +12.5% | 41.5% | |
 CDE | $2.1B | +113.7% | +21.4% | 36.3% | |
 PAAS | $3.7B | +34.3% | +22.4% | 32.3% | |
 KGC | $7.2B | +42.7% | +11.2% | 43.2% | |
 IAG | $2.9B | +93.2% | +18.5% | 38.9% |
BTG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.06B | +60.9% | $1.53B | 50.0% | $1.40B | 45.9% |
| 2024 | $1.90B | -1.7% | $706.2M | 37.1% | $594.8M | 31.3% |
| 2023 | $1.93B | +11.6% | $780.0M | 40.3% | $674.6M | 34.9% |
| 2022 | $1.73B | -1.7% | $604.2M | 34.9% | $502.4M | 29.0% |
| 2021 | $1.76B | -1.5% | $768.6M | 43.6% | $713.6M | 40.5% |
| 2020 | $1.79B | +54.8% | $958.3M | 53.6% | $1.05B | 58.9% |
| 2019 | $1.16B | -5.7% | $450.5M | 39.0% | $508.0M | 44.0% |
| 2018 | $1.23B | +91.8% | $364.7M | 29.8% | $286.1M | 23.4% |
| 2017 | $638.7M | -6.5% | $150.3M | 23.5% | $86.7M | 13.6% |
| 2016 | $683.3M | +23.4% | $210.1M | 30.7% | $126.3M | 18.5% |
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Start ComparisonBTG — Frequently Asked Questions
Quick answers to the most common questions about buying BTG stock.
Is BTG's revenue growth accelerating or slowing?
BTG revenue is accelerating at +110.9% year-over-year, exceeding the 5-year CAGR of +11.3%. TTM revenue reached $3.1B. Growth momentum has increased versus prior periods.
What is BTG's long-term revenue growth rate?
B2Gold Corp.'s 5-year revenue CAGR of +11.3% reflects the sustained expansion pattern. Current YoY growth of +110.9% is above this long-term average.
How is BTG's revenue distributed by segment?
BTG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.