The Mosaic Company filed its Form 10-Q for the quarterly period ended June 30, 2026 with the U.S. Securities and Exchange Commission, reporting a net loss attributable to Mosaic of $272.8 million for the second quarter and a net loss of $530.4 million for the first half of the year.

Key Highlights

  • Q2 2026 net loss: Net loss attributable to Mosaic was $272.8 million, compared to net earnings of $410.7 million in Q2 2025.
  • Q2 2026 net sales: Net sales were $2,824.1 million, down from $3,005.7 million in the prior-year quarter.
  • Loss on assets sold and to be sold: A $238.8 million loss on assets sold and to be sold was recorded in the first six months of 2026, versus zero in the comparable 2025 period.
  • Six-month operating loss: Operating loss for the first half of 2026 was $408.4 million, compared to operating earnings of $582.9 million in the first half of 2025.
  • Basic and diluted loss per share: Basic and diluted net loss per share attributable to Mosaic were both $(0.86) for Q2 2026, versus $1.29 earnings per share in Q2 2025.
  • Shares outstanding: 317,895,646 shares of common stock were outstanding as of July 31, 2026.
  • Total assets: Total assets were $24,640.7 million as of June 30, 2026, compared to $24,480.1 million at December 31, 2025.

Mosaic Q2 2026 Financial Results: Sales Decline and Operating Loss Widen

According to the filing, The Mosaic Company (New York Stock Exchange: MOS) reported net sales of $2,824.1 million for the three months ended June 30, 2026, a decrease from $3,005.7 million in the same period of 2025. Cost of goods sold rose to $2,609.4 million from $2,487.1 million, resulting in gross margin of $214.7 million for Q2 2026, compared to $518.6 million in Q2 2025. Operating loss for the quarter was $35.5 million, against operating earnings of $244.4 million a year earlier.

For the six months ended June 30, 2026, the company reported net sales of $5,822.1 million, up from $5,626.6 million in the first half of 2025. However, cost of goods sold increased substantially to $5,371.8 million from $4,619.6 million, and a $238.8 million loss on assets sold and to be sold, along with other operating expense of $352.4 million, contributed to a first-half operating loss of $408.4 million, compared to operating earnings of $582.9 million in the same period of 2025. The filing also noted a foreign currency transaction loss of $1.8 million for the six-month period, compared to a gain of $302.5 million in the prior-year period.

On the balance sheet, the company reported cash and cash equivalents of $294.0 million as of June 30, 2026, compared to $276.6 million at December 31, 2025. Total current liabilities were $4,062.5 million, and long-term debt, less current maturities, was $4,767.7 million as of June 30, 2026, up from $4,250.9 million at year-end 2025. Total Mosaic stockholders' equity declined to $11,463.9 million from $12,084.9 million at December 31, 2025. For the first half of 2026, the filing disclosed depreciation, depletion and amortization of $608.7 million and an impairment of assets held for sale of $238.8 million in operating cash flow adjustments.

What Was Disclosed

Mosaic filed its quarterly report for the period ended June 30, 2026, disclosing a second-quarter net loss attributable to Mosaic of $272.8 million, a first-half operating loss of $408.4 million, reduced gross margins, higher long-term debt, and a $238.8 million loss on assets sold and to be sold.