CLEVELAND-CLIFFS INC. (CLF) FY2026 Q2 P&L / Income Statement

CLEVELAND-CLIFFS INC. (CLF) FY2026 Q2 P&L / Income Statement

Income statement for 2026-04-01 through 2026-06-30. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenues

5,226,000,000 US dollars

Cost of goods sold

5,094,000,000 US dollars

Gross profit (calculated)

132,000,000 US dollars

Operating expenses (calculated)

181,000,000 US dollars

Operating loss

negative 49,000,000 US dollars

Total other expense

negative 103,000,000 US dollars

Loss from continuing operations before income taxes

negative 152,000,000 US dollars

Income tax benefit

negative 20,000,000 US dollars

Net loss

negative 134,000,000 US dollars

Other Businesses - Other

174,000,000 US dollars

Steelmaking - Coated steel

1,532,000,000 US dollars

Steelmaking - Cold-rolled steel

660,000,000 US dollars

Steelmaking - Hot-rolled steel

1,539,000,000 US dollars

Steelmaking - Other

527,000,000 US dollars

Steelmaking - Other steel products

16,000,000 US dollars

Steelmaking - Plate steel

253,000,000 US dollars

Steelmaking - Stainless and electrical steel

525,000,000 US dollars

Undisclosed (calculated)

47,000,000 US dollars

Asset Impairment Charges

0 US dollars

Selling, general and administrative expenses

154,000,000 US dollars

Restructuring and other charges

3,000,000 US dollars

Miscellaneous – net

24,000,000 US dollars

Revenue before reconciliation (calculated)

5,273,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Eliminations

negative 47,000,000 US dollars. Reported reconciliation to consolidated revenue.

Loss from discontinued operations, net of tax

negative 2,000,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to CLEVELAND-CLIFFS INC.: −$145.00 M; to noncontrolling interests: $11.00 M.