Wheaton Precious Metals Corp (WPM) financial statements: income statement, balance sheet and cash flow

Wheaton Precious Metals Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Wheaton Precious Metals Corp reported revenue of $2.3B (+80.2% year on year) and net income of $1.5B (+178.1% year on year).

Income statement

Wheaton Precious Metals Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Sales	$2.3B	$1.3B	$1.0B	$1.1B
Cost of sales, excluding depletion	$339.1M	$235.1M	$228.2M	$267.6M
Depletion	$303.9M	$246.9M	$214.4M	$232.0M
Total cost of sales	$643.0M	$482.1M	$442.6M	$499.6M
Gross margin	$1.7B	$802.6M	$573.4M	$565.5M
General and administrative	$46.8M	$40.7M	$38.2M	$35.8M
Share based compensation	$32.5M	$23.3M	$22.7M	$20.1M
Donations and community investments	$10.7M	$9.0M	$7.3M	$6.3M
Impairment of mineral stream interests	$0	$108.9M	—	—
Earnings from operations	$1.6B	$620.8M	$505.3M	$511.9M
Gain on disposal of mineral stream interests	$85.7M	$0	$5.0M	($155.9M)
Other income (expense)	$36.5M	$29.1M	$34.3M	($7.4M)
Earnings before finance costs and income taxes	$1.7B	$649.9M	$544.6M	$675.2M
Finance costs	$5.8M	$5.5M	$5.5M	$5.6M
Earnings before income taxes	$1.7B	$644.3M	$539.1M	$669.6M
Income tax expense	$226.3M	$115.2M	$1.4M	($509.0K)
Net earnings	$1.5B	$529.1M	$537.6M	$669.1M
Basic earnings per share	$3.24	$1.17	$1.19	$1.48
Diluted earnings per share	$3.24	$1.17	$1.19	$1.48
Basic	453.9M	453.5M	452.8M	451.6M
Diluted	454.7M	454.1M	453.5M	452.3M

Wheaton Precious Metals Corp income statement, quarters

Line item	Jun 30, 2026 · YTD	Jun 30, 2025 · YTD	Jun 30, 2024 · YTD	Jun 30, 2023 · YTD
Sales	$1.8B	$973.6M	$595.9M	$479.4M
Cost of sales, excluding depletion	$244.1M	$149.8M	$115.6M	$110.6M
Depletion	$199.4M	$151.7M	$122.5M	$99.5M
Total cost of sales	$443.4M	$301.5M	$238.1M	$210.1M
Gross margin	$1.4B	$672.1M	$357.8M	$269.4M
General and administrative	$24.3M	$24.5M	$20.7M	$20.3M
Share based compensation	$14.9M	$22.1M	$7.5M	$11.9M
Donations and community investments	$6.2M	$5.1M	$2.3M	$3.3M
Earnings from operations	$1.3B	$620.4M	$327.3M	$233.8M
Other income (expense)	$26.8M	$17.3M	$12.3M	($16.3M)
Earnings before finance costs and income taxes	$1.4B	$637.6M	$339.6M	$255.1M
Finance costs	$32.5M	$2.9M	$2.7M	$2.7M
Earnings before income taxes	$1.3B	$634.8M	$336.8M	$252.4M
Income tax expense	$210.9M	$88.5M	$50.5M	$445.0K
Net earnings	$1.1B	$546.3M	$286.4M	$252.8M
Basic earnings per share	$2.48	$1.20	$0.63	$0.56
Diluted earnings per share	$2.47	$1.20	$0.63	$0.56
Basic	454.1M	453.8M	453.3M	452.6M
Diluted	455.0M	454.6M	453.9M	453.4M

Balance sheet

Wheaton Precious Metals Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$1.2B	$818.2M	$546.5M	$696.1M
Accounts receivable	$46.7M	$6.2M	$10.1M	$10.2M
Other	$3.9M	$3.7M	$3.5M	$3.3M
Total current assets	$1.2B	$828.1M	$567.4M	$720.1M
Mineral stream interests	$7.4B	$6.4B	$6.1B	$5.7B
Early deposit mineral stream interests	$47.1M	$47.1M	$47.1M	$46.1M
Mineral royalty interests	$40.4M	$40.4M	$13.5M	$6.6M
Long-term equity investments	$410.5M	$99.0M	$246.7M	$256.1M
Property, plant and equipment	$9.9M	$8.7M	$7.6M	$4.2M
Other	$16.5M	$21.6M	$26.5M	$11.7M
Total non-current assets	$7.9B	$6.6B	$6.5B	$6.0B
Total assets	$9.1B	$7.4B	$7.0B	$6.8B
Accounts payable and accrued liabilities	$22.6M	$13.6M	$13.5M	$12.6M
Income taxes payable	$110.0M	$2.1M	$0	$2.8M
Current portion of performance share units	$21.6M	$13.6M	$12.0M	$14.6M
Current portion of lease liabilities	$575.0K	$262.0K	$604.0K	$818.0K
Total current liabilities	$154.7M	$29.5M	$26.1M	$30.7M
Performance share units	$13.2M	$11.5M	$9.1M	$6.7M
Lease liabilities	$7.3M	$4.9M	$5.6M	$1.2M
Income taxes payable - non-current	$252.3M	$113.5M	—	—
Deferred income taxes	$1.8M	$349.0K	$232.0K	$165.0K
Pension liability	$6.0M	$5.3M	$4.6M	$3.5M
Total non-current liabilities	$280.6M	$135.6M	$19.6M	$11.5M
Total liabilities	$435.3M	$165.1M	$45.7M	$42.2M
Issued capital	$3.8B	$3.8B	$3.8B	$3.8B
Reserves	$176.9M	($63.5M)	($40.1M)	$66.5M
Retained earnings	$4.7B	$3.5B	$3.2B	$2.9B
Total shareholders' equity	$8.7B	$7.3B	$7.0B	$6.7B
Total liabilities and shareholders' equity	$9.1B	$7.4B	$7.0B	$6.8B

Wheaton Precious Metals Corp balance sheet, quarters

Line item	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023
Cash and cash equivalents	$100.2M	$1.0B	$540.2M	$828.8M
Accounts receivable	$26.1M	$15.6M	$9.7M	$7.0M
Other	$3.9M	$4.7M	$4.4M	$4.5M
Total current assets	$130.2M	$1.0B	$558.8M	$849.4M
Mineral stream interests	$11.7B	$6.7B	$6.5B	$5.7B
Early deposit mineral stream interests	$47.1M	$47.1M	$47.1M	$46.8M
Mineral royalty interests	$67.5M	$40.4M	$35.5M	—
Long-term equity investments	$147.6M	$171.5M	$88.1M	$255.5M
Property, plant and equipment	$9.6M	$10.5M	$7.8M	$8.5M
Other	$28.1M	$16.9M	$22.3M	$28.5M
Total non-current assets	$12.0B	$7.0B	$6.7B	$6.0B
Total assets	$12.2B	$8.0B	$7.2B	$6.9B
Accounts payable and accrued liabilities	$15.8M	$7.9M	$12.3M	$9.6M
Income taxes payable	$247.8M	$112.5M	—	$0
Current portion of performance share units	$15.2M	$18.2M	$8.1M	$8.7M
Current portion of lease liabilities	$586.0K	$566.0K	$435.0K	$609.0K
Total current liabilities	$279.3M	$139.1M	$20.8M	$18.9M
Bank debt	$2.0B	—	—	—
Performance share units	$1.4M	$9.5M	$5.7M	$4.5M
Lease liabilities	$6.9M	$7.7M	$5.3M	$5.9M
Income taxes payable - non current	$186.6M	$94.7M	$50.5M	—
Deferred income taxes	$23.2M	$386.0K	$250.0K	$190.0K
Pension liability	$4.1M	$5.3M	$4.9M	$3.9M
Total non-current liabilities	$2.2B	$117.6M	$66.6M	$14.6M
Total liabilities	$2.5B	$256.7M	$87.4M	$33.5M
Issued capital	$3.8B	$3.8B	$3.8B	$3.8B
Reserves	$86.5M	($5.7M)	($62.2M)	($26.2M)
Retained earnings	$5.8B	$3.9B	$3.4B	$3.1B
Total shareholders' equity	$9.7B	$7.7B	$7.2B	$6.8B
Total liabilities and shareholders' equity	$12.2B	$8.0B	$7.2B	$6.9B

Cash flow statement

Wheaton Precious Metals Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net earnings	$1.5B	$529.1M	$537.6M	$669.1M
Depreciation and depletion	$305.2M	$248.3M	$215.9M	$233.5M
Gain on disposal of mineral stream interest	($85.7M)	$0	($5.0M)	($155.9M)
Impairment of mineral stream interests	$0	$108.9M	—	—
Equity settled share based compensation	$6.5M	$6.7M	$6.4M	$5.8M
Performance share units - expense	$26.0M	$16.6M	$16.3M	($4.2M)
Performance share units - paid	($17.2M)	($11.1M)	($16.7M)	—
Income tax expense	$226.3M	$115.2M	$1.4M	$509.0K
Investment income recognized in net earnings	($37.8M)	($27.0M)	($37.2M)	($6.8M)
Other	$8.9M	$3.1M	$1.2M	($1.3M)
Change in non-cash working capital	($30.4M)	$4.4M	$1.9M	$1.6M
Cash generated from operations before income taxes and interest	$1.9B	$995.6M	$723.2M	$737.4M
Income taxes refunded (paid)	($3.6M)	$8.5M	($6.2M)	($171.0K)
Interest paid	($429.0K)	($287.0K)	($187.0K)	($93.0K)
Interest received	$35.5M	$23.8M	$34.0M	$6.3M
Cash generated from operating activities	$1.9B	$1.0B	$750.8M	$743.4M
Credit facility extension fees	($955.0K)	($937.0K)	($859.0K)	($1.4M)
Share purchase options exercised	$7.3M	$13.2M	$12.4M	$10.4M
Lease payments	($505.0K)	($594.0K)	($691.0K)	($800.0K)
Dividends paid	($296.4M)	($279.1M)	($265.1M)	($237.1M)
Cash used for financing activities	($290.6M)	($267.4M)	($254.2M)	($228.9M)
Mineral stream interests	($1.3B)	($628.2M)	($663.5M)	($151.9M)
Repayment of mineral stream interests deposit	$0	$13.3M	—	—
Mineral royalty interests	$0	($27.0M)	($6.8M)	$0
Net proceeds on disposal of mineral stream interests	$101.7M	$0	$46.4M	$131.8M
Acquisition of long-term investments	($39.9M)	($20.2M)	($17.4M)	($22.8M)
Proceeds on disposal of long-term investments	$0	$177.1M	$202.0K	$0
Investment in subscription rights	$0	($3.1M)	($4.5M)	—
Dividends received	$1.1M	$2.2M	$2.3M	$453.0K
Other	($682.0K)	($2.3M)	($2.2M)	($316.0K)
Cash used for investing activities	($1.3B)	($488.3M)	($646.6M)	($44.3M)
Effect of exchange rate changes on cash and cash equivalents	$145.0K	($250.0K)	$519.0K	($197.0K)
Increase in cash and cash equivalents	$335.4M	$271.6M	($149.6M)	$470.0M
Cash and cash equivalents, beginning of year	$818.2M	$546.5M	$696.1M	$226.0M
Cash and cash equivalents, end of year	$1.2B	$818.2M	$546.5M	$696.1M

Wheaton Precious Metals Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Jun 30, 2025 · YTD	Jun 30, 2024 · YTD	Jun 30, 2023 · YTD
Net earnings	$1.1B	$546.3M	$286.4M	$252.8M
Depreciation and depletion	$200.1M	$152.3M	$123.2M	$100.2M
Equity settled share based compensation	$3.4M	$3.2M	$3.3M	$3.4M
Performance share units - expense	$11.5M	$18.9M	$4.3M	$8.5M
Performance share units - paid	($29.3M)	($17.2M)	($11.1M)	($16.7M)
Income tax expense	$210.9M	$88.5M	$50.5M	($445.0K)
Investment income recognized in net earnings	($15.7M)	($17.8M)	($11.3M)	($16.0M)
Other	$22.2M	$3.2M	$400.0K	$499.0K
Change in non-cash working capital	$9.9M	($14.4M)	($1.5M)	($387.0K)
Cash generated from operations before income taxes and interest	$1.5B	$762.9M	$444.2M	$327.4M
Income taxes paid	($109.4M)	($3.2M)	($191.0K)	($4.3M)
Interest paid	($29.9M)	($178.0K)	($148.0K)	($33.0K)
Interest received	$16.4M	$16.2M	$9.9M	$14.4M
Cash generated from operating activities	$1.4B	$775.8M	$453.8M	$337.5M
Bank debt repaid	($728.0M)	—	—	—
Bank debt drawn	$2.7B	—	—	—
Debt issue costs	($5.1M)	($862.0K)	($925.0K)	($846.0K)
Share purchase options exercised	$1.5M	$4.5M	$12.2M	$10.5M
Lease payments	($283.0K)	($211.0K)	($295.0K)	($379.0K)
Dividends paid	($171.3M)	($147.9M)	($139.1M)	($131.1M)
Cash (used for) generated from financing activities	$1.8B	($144.5M)	($128.2M)	($121.8M)
Mineral stream interests	($4.5B)	($443.7M)	($486.5M)	($120.2M)
Early deposit mineral stream interests	($3.0K)	—	$0	($750.0K)
Mineral royalty interests	($27.1M)	$0	($22.0M)	—
Acquisition of long-term investments	($14.6M)	($3.0K)	($751.0K)	($8.2M)
Proceeds on disposal of long-term investments	$323.4M	$0	$177.1M	$202.0K
Dividends received	$0	$526.0K	$1.2M	$917.0K
Other	($6.8M)	($491.0K)	($789.0K)	($1.8M)
Cash used for investing activities	($4.3B)	($443.7M)	($331.8M)	($83.4M)
Effect of exchange rate changes on cash and cash equivalents	($5.3M)	$165.0K	($100.0K)	$482.0K
(Decrease) increase in cash and cash equivalents	($1.1B)	$187.7M	($6.3M)	$132.7M
Cash and cash equivalents, beginning of period	$1.2B	$818.2M	$546.5M	$696.1M
Cash and cash equivalents, end of period	$100.2M	$1.0B	$540.2M	—

Wheaton Precious Metals Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.