Gold Resource Corporation (GORO) Revenue History
Annual and quarterly revenue from 2004 to present
GORO Revenue Over Time (2004–2025)
GORO Revenue Growth History
7 of 15 years with positive growth- FY2004 revenue growth
- N/A
- FY2005 revenue growth
- N/A
- FY2006 revenue growth
- N/A
- FY2007 revenue growth
- N/A
- FY2008 revenue growth
- N/A
- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- N/A
- FY2011 revenue growth
- +612.8%
- FY2012 revenue growth
- +25.1%
- FY2013 revenue growth
- -4.8%
- FY2014 revenue growth
- -6.9%
- FY2015 revenue growth
- -20.8%
- FY2016 revenue growth
- -10.3%
- FY2017 revenue growth
- +31.5%
- FY2018 revenue growth
- +9.9%
- FY2019 revenue growth
- -0.8%
- FY2020 revenue growth
- -23.5%
- FY2021 revenue growth
- +36.9%
- FY2022 revenue growth
- +12.0%
- FY2023 revenue growth
- -29.7%
- FY2024 revenue growth
- -33.8%
- FY2025 revenue growth
- +44.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $41.1M | +235.5% |
| Q4 2025 | $51.3M | +291.8% |
| Q3 2025 | $24.6M | +84.6% |
| Q2 2025 | $11.2M | -43.1% |
| Q1 2025 | $12.3M | -34.3% |
| Q4 2024 | $13.1M | -38.7% |
| Q3 2024 | $13.3M | -36.2% |
| Q2 2024 | $19.7M | -19.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
GORO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
GORO Revenue Analysis (2004–2025)
Current Revenue & Growth
As of June 23, 2026, Gold Resource Corporation (GORO) generated trailing twelve-month (TTM) revenue of $128.2 million, reflecting explosive growth of +235.5% year-over-year. The most recent quarter (Q1 2026) recorded $41.1 million in revenue, down 19.9% sequentially.
Historical Growth Trajectory
GORO's 5-year compound annual growth rate (CAGR) stands at +0.6%, indicating moderate growth over time. The 3-year CAGR of -12.5% is below the 5-year average, signalling a growth deceleration in recent years. Gold Resource Corporation's highest annual revenue of $139.1 million was recorded in 2022.
Revenue by Segment
GORO's revenue is primarily driven by Concentrate (48%), Silver Concentrate (35%), and Gold Concentrate (9%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Basic Materials sector peers — including EXK (+179.8% YoY), MUX (+39.6% YoY), and PAAS (+34.3% YoY) — GORO has outperformed the peer group in revenue growth. Compare GORO vs EXK →
GORO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GOROCurrent | $128M | +235.5% | +0.6% | 13.1% | |
 EXK | $468M | +179.8% | +27.6% | 6.0% | |
 MUX | $198M | +39.6% | +13.5% | -6.5% | |
 PAAS | $3.7B | +34.3% | +22.4% | 32.3% | |
 HL | $1.4B | +57.0% | +15.5% | 37.5% | |
 CDE | $2.1B | +113.7% | +21.4% | 36.3% |
GORO Historical Revenue Data (2004–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $93.3M | +44.0% | $17.6M | 18.9% | $12.2M | 13.1% |
| 2024 | $64.8M | -33.8% | $-23,798,000 | -36.8% | $-28,758,000 | -44.4% |
| 2023 | $97.8M | -29.7% | $-11,005,000 | -11.3% | $-18,269,000 | -18.7% |
| 2022 | $139.1M | +12.0% | $17.1M | 12.3% | $7.1M | 5.1% |
| 2021 | $124.2M | +36.9% | $30.7M | 24.7% | $22.1M | 17.8% |
| 2020 | $90.7M | -23.5% | $30.0M | 33.1% | $16.9M | 18.7% |
| 2019 | $118.6M | -0.8% | $21.9M | 18.5% | $13.4M | 11.3% |
| 2018 | $119.5M | +9.9% | $33.2M | 27.8% | $22.4M | 18.7% |
| 2017 | $108.8M | +31.5% | $36.4M | 33.5% | $28.3M | 26.0% |
| 2016 | $82.8M | -10.3% | $17.6M | 21.3% | $8.1M | 9.8% |
| 2015 | $92.2M | -20.8% | $22.7M | 24.6% | $12.5M | 13.5% |
| 2014 | $116.5M | -6.9% | $44.8M | 38.4% | $32.7M | 28.1% |
| 2013 | $125.2M | -4.8% | $48.0M | 38.3% | $9.8M | 7.8% |
| 2012 | $131.6M | +25.1% | $79.4M | 60.3% | $49.5M | 37.6% |
| 2011 | $105.2M | +612.8% | $81.9M | 77.9% | $45.7M | 43.4% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
22+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
GORO — Frequently Asked Questions
Quick answers to the most common questions about buying GORO stock.
Is GORO's revenue growth accelerating or slowing?
GORO revenue growth is accelerating. TTM revenue reached $128M, up +235.5% year-over-year — ahead of the 5-year CAGR of +0.6%. This indicates the business is expanding faster than its historical baseline.
What is GORO's revenue history from 2004 to 2026?
Gold Resource Corporation (GORO) revenue history spans 2004 to 2026. TTM revenue as of 2026 is $128M, growing at +235.5% YoY. The 5-year CAGR is +0.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is GORO's long-term revenue growth rate (CAGR)?
Gold Resource Corporation's 5-year revenue CAGR of +0.6% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +235.5% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for GORO.
Why does GORO's quarterly revenue fluctuate?
GORO quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Gold Resource Corporation's revenue data from 2004 to 2026 shows full historical quarterly detail on this page.
How is GORO's revenue distributed by segment?
GORO reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does GORO's revenue compare to industry peers?
Gold Resource Corporation (GORO) with TTM revenue of $128M and +235.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.