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

- Company: CLEVELAND-CLIFFS INC. (CLF)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-07-23, accession number 0000764065-26-000100
- Page: https://plicit.ai/financials/clf/fy2026-q2-income-statement
- Chart image: https://plicit.ai/charts/clf-fy2026-q2-income-statement-sankey.png

## Chart details: Revenue by Business Segment by Product and Service

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.

## Chart details: Revenue by Business Segment by Industry Sector

- Page: https://plicit.ai/financials/clf/fy2026-q2-income-statement/revenue-by-business-segment-by-industry-sector
- Chart image: https://plicit.ai/charts/clf-fy2026-q2-revenue-by-business-segment-by-industry-sector-sankey.png

Income statement for 2026-04-01 through 2026-06-30. View: Segments by Industry Sector. 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 - Direct automotive**: 147,000,000 US dollars
- **Other Businesses - Distributors and converters**: 16,000,000 US dollars
- **Other Businesses - Infrastructure and manufacturing**: 11,000,000 US dollars
- **Steelmaking - Direct automotive**: 1,461,000,000 US dollars
- **Steelmaking - Distributors and converters**: 1,638,000,000 US dollars
- **Steelmaking - Infrastructure and manufacturing**: 1,427,000,000 US dollars
- **Steelmaking - Steel producers**: 526,000,000 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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/clf/fy2026-q2-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/clf-fy2026-q2-revenue-by-business-segment-sankey.png

Income statement for 2026-04-01 through 2026-06-30. View: Business segment. Revenue and costs use their disclosed 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
- **Steelmaking revenue**: 5,096,000,000 US dollars
- **Other Businesses revenue**: 177,000,000 US dollars
- **Steelmaking cost of revenue**: 4,983,000,000 US dollars
- **Other Businesses cost of revenue**: 158,000,000 US dollars
- **Eliminations**: negative 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.