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: 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.