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

- Company: CLEVELAND-CLIFFS INC. (CLF)
- Period: 2026-01-01 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-ytd-q2-income-statement
- Chart image: https://plicit.ai/charts/clf-fy2026-ytd-q2-income-statement-sankey.png

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

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

- **Revenues**: 10,148,000,000 US dollars
- **Cost of goods sold**: 10,098,000,000 US dollars
- **Gross profit (calculated)**: 50,000,000 US dollars
- **Operating expenses (calculated)**: 312,000,000 US dollars
- **Operating loss**: negative 262,000,000 US dollars
- **Total other expense**: negative 197,000,000 US dollars
- **Loss from continuing operations before income taxes**: negative 459,000,000 US dollars
- **Income tax benefit**: negative 101,000,000 US dollars
- **Net loss**: negative 363,000,000 US dollars
- **Other Businesses**: 344,000,000 US dollars
- **Steelmaking - Coated steel**: 2,963,000,000 US dollars
- **Steelmaking - Cold-rolled steel**: 1,297,000,000 US dollars
- **Steelmaking - Hot-rolled steel**: 2,949,000,000 US dollars
- **Steelmaking - Other**: 979,000,000 US dollars
- **Steelmaking - Other steel products**: 124,000,000 US dollars
- **Steelmaking - Plate steel**: 507,000,000 US dollars
- **Steelmaking - Stainless and electrical steel**: 990,000,000 US dollars
- **Undisclosed (calculated)**: 84,000,000 US dollars
- **Asset Impairment Charges**: 0 US dollars
- **Selling, general and administrative expenses**: 279,000,000 US dollars
- **Restructuring and other charges**: 3,000,000 US dollars
- **Miscellaneous – net**: 30,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 10,237,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Eliminations**: negative 89,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Loss from discontinued operations, net of tax**: negative 5,000,000 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.: −$382.00 M; to noncontrolling interests: $19.00 M.

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

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

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

- **Revenues**: 10,148,000,000 US dollars
- **Cost of goods sold**: 10,098,000,000 US dollars
- **Gross profit (calculated)**: 50,000,000 US dollars
- **Operating expenses (calculated)**: 312,000,000 US dollars
- **Operating loss**: negative 262,000,000 US dollars
- **Total other expense**: negative 197,000,000 US dollars
- **Loss from continuing operations before income taxes**: negative 459,000,000 US dollars
- **Income tax benefit**: negative 101,000,000 US dollars
- **Net loss**: negative 363,000,000 US dollars
- **Other Businesses - Direct automotive**: 285,000,000 US dollars
- **Other Businesses - Distributors and converters**: 34,000,000 US dollars
- **Other Businesses - Infrastructure and manufacturing**: 20,000,000 US dollars
- **Steelmaking - Direct automotive**: 2,829,000,000 US dollars
- **Steelmaking - Distributors and converters**: 3,101,000,000 US dollars
- **Steelmaking - Infrastructure and manufacturing**: 2,801,000,000 US dollars
- **Steelmaking - Steel producers**: 1,078,000,000 US dollars
- **Undisclosed (calculated)**: 89,000,000 US dollars
- **Asset Impairment Charges**: 0 US dollars
- **Selling, general and administrative expenses**: 279,000,000 US dollars
- **Restructuring and other charges**: 3,000,000 US dollars
- **Miscellaneous – net**: 30,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 10,237,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Eliminations**: negative 89,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Loss from discontinued operations, net of tax**: negative 5,000,000 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.: −$382.00 M; to noncontrolling interests: $19.00 M.

## Chart details: Revenue by Business Segment

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

Income statement for 2026-01-01 through 2026-06-30. View: Business segment. Revenue and costs use their disclosed categories.

- **Revenues**: 10,148,000,000 US dollars
- **Cost of goods sold**: 10,098,000,000 US dollars
- **Gross profit (calculated)**: 50,000,000 US dollars
- **Operating expenses (calculated)**: 312,000,000 US dollars
- **Operating loss**: negative 262,000,000 US dollars
- **Total other expense**: negative 197,000,000 US dollars
- **Loss from continuing operations before income taxes**: negative 459,000,000 US dollars
- **Income tax benefit**: negative 101,000,000 US dollars
- **Net loss**: negative 363,000,000 US dollars
- **Steelmaking revenue**: 9,893,000,000 US dollars
- **Other Businesses revenue**: 344,000,000 US dollars
- **Steelmaking cost of revenue**: 9,875,000,000 US dollars
- **Other Businesses cost of revenue**: 312,000,000 US dollars
- **Eliminations**: negative 89,000,000 US dollars
- **Asset Impairment Charges**: 0 US dollars
- **Selling, general and administrative expenses**: 279,000,000 US dollars
- **Restructuring and other charges**: 3,000,000 US dollars
- **Miscellaneous – net**: 30,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 10,237,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Eliminations**: negative 89,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Loss from discontinued operations, net of tax**: negative 5,000,000 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.: −$382.00 M; to noncontrolling interests: $19.00 M.