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10-K

Annual Report

CLEVELAND-CLIFFS INC. CLF

0000764065-26-000025

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Filed
Feb 9, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Feb 9, 2026 570.39M sh
Shares Diluted FY 2025 · Dec 31, 2025 508M sh
Shares Diluted FY 2025 · Dec 31, 2024 480M sh
Shares Diluted FY 2025 · Dec 31, 2023 511M sh
Stock Repurchased FY 2025 · Dec 31, 2025 $0
Stock Repurchased FY 2025 · Dec 31, 2024 $733M
Stock Repurchased FY 2025 · Dec 31, 2023 $152M
Capex FY 2025 · Dec 31, 2025 $561M
Capex FY 2025 · Dec 31, 2024 $695M
Capex FY 2025 · Dec 31, 2023 $646M
Operating Cash Flow FY 2025 · Dec 31, 2025 −$462M
Operating Cash Flow FY 2025 · Dec 31, 2024 $105M
Operating Cash Flow FY 2025 · Dec 31, 2023 $2.27B
Long Term Debt FY 2025 · Dec 31, 2025 $7.25B
Long Term Debt FY 2025 · Dec 31, 2024 $7.07B
Cash And Equivalents FY 2025 · Dec 31, 2025 $57M
Cash And Equivalents FY 2025 · Dec 31, 2024 $54M
Cash And Equivalents FY 2025 · Dec 31, 2023 $198M
Stockholders Equity FY 2025 · Dec 31, 2025 $6.12B
Stockholders Equity restated FY 2025 · Dec 31, 2024 $6.63B
Current Liabilities FY 2025 · Dec 31, 2025 $3.3B
Current Liabilities restated FY 2025 · Dec 31, 2024 $3.36B
Total Liabilities FY 2025 · Dec 31, 2025 $13.69B
Total Liabilities restated FY 2025 · Dec 31, 2024 $14.08B
Current Assets FY 2025 · Dec 31, 2025 $6.44B
Current Assets FY 2025 · Dec 31, 2024 $6.91B
Total Assets FY 2025 · Dec 31, 2025 $20.01B
Total Assets FY 2025 · Dec 31, 2024 $20.95B
Total Assets FY 2025 · Dec 31, 2023 $17.54B
Eps Diluted FY 2025 · Dec 31, 2025 −$2.91
Eps Diluted restated FY 2025 · Dec 31, 2024 −$1.58
Eps Diluted restated FY 2025 · Dec 31, 2023 $0.75
Eps Basic FY 2025 · Dec 31, 2025 −$2.91
Eps Basic restated FY 2025 · Dec 31, 2024 −$1.58
Eps Basic restated FY 2025 · Dec 31, 2023 $0.75
Sga Expense FY 2025 · Dec 31, 2025 $543M
Sga Expense FY 2025 · Dec 31, 2024 $486M
Sga Expense FY 2025 · Dec 31, 2023 $577M
Net Income FY 2025 · Dec 31, 2025 −$1.48B
Net Income restated FY 2025 · Dec 31, 2024 −$760M
Net Income restated FY 2025 · Dec 31, 2023 $385M
Operating Income FY 2025 · Dec 31, 2025 −$1.58B
Operating Income restated FY 2025 · Dec 31, 2024 −$763M
Operating Income restated FY 2025 · Dec 31, 2023 $659M
Cost Of Revenue FY 2025 · Dec 31, 2025 $19.47B
Cost Of Revenue restated FY 2025 · Dec 31, 2024 $19.12B
Cost Of Revenue restated FY 2025 · Dec 31, 2023 $20.62B
Revenue FY 2025 · Dec 31, 2025 $18.61B
Revenue FY 2025 · Dec 31, 2024 $19.19B
Revenue FY 2025 · Dec 31, 2023 $22B