---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-26-000022"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2026-02-09T23:59:59+00:00"
generated_at: "2026-05-16T03:58:59.894717+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs reports Q4 net loss $235M, full-year loss $1.4B; 2026 guidance issued

## Summary
- Q4 2025 revenues $4.3B flat YoY; GAAP net loss $235M ($0.44/diluted share), adjusted loss $0.43.
- Full-year 2025 net loss $1.4B ($2.91/diluted), adjusted loss $2.48; Adjusted EBITDA $37M vs $773M in 2024.
- Steel shipments Q4 3.8M tons (down 1.5% YoY); average selling price $993/ton up 1.7% YoY.
- CEO cites weak automotive, expiring slab contract, Canadian headwinds; 2026 outlook improved.
- POSCO strategic partnership due diligence ongoing; targeting definitive agreement H1 2026.

## SEC filing metadata
- accession: 0000764065-26-000022
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2026-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406526000022/0000764065-26-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406526000022/clf-20260209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-26-000022
- JSON: https://secwatch.observer/filing/0000764065-26-000022.json
- Plain text: https://secwatch.observer/filing/0000764065-26-000022.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.