B2Gold (BTG) Change in Working Capital (2012 - 2026)
B2Gold (BTG) recorded quarterly Change in Working Capital of $148.0 million in Q1 2026, up 41.02% quarter-over-quarter from $104.9 million in Q4 2025, and up 1097.2% on a YoY basis from $12.4 million in Q1 2025.
B2Gold (BTG) Change in Working Capital (2012 - 2026) Analysis & Trends
B2Gold's Change in Working Capital history runs 15 years deep, the most recent figure standing at $148.0 million for Q1 2026.
- In Q1 2026, Change in Working Capital rose 1097.2% year-over-year to $148.0 million; the TTM figure through Mar 2026 stood at $352.7 million (up 283.7% YoY), while the FY2025 annual figure was -$189.9 million, down 222.37% from the prior year.
- Change in Working Capital was $148.0 million for Q1 2026 at B2Gold, up from $104.9 million in the prior quarter.
- In the past five years, Change in Working Capital ranged from a high of $148.0 million in Q1 2026 to a low of -$101.0 million in Q4 2024.
- Historically, Change in Working Capital has averaged $7.5 million across 5 years, with a median of $3.6 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Change in Working Capital slumped 19417.59% in 2024, then surged 1883.47% in 2025.
- A 5-year view of Change in Working Capital shows it stood at $39.2 million in 2022, then tumbled by 98.67% to $523000.0 in 2023, then plunged by 19417.59% to -$101.0 million in 2024, then soared by 203.86% to $104.9 million in 2025, then surged by 41.02% to $148.0 million in 2026.
- The last three Change in Working Capital figures came in at $148.0 million (Q1 2026), $104.9 million (Q4 2025), and $70.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | -468,879.26 |
| 2 | Barrick Mining | 996.87 Bn | 999.60 Bn | 3.12 Bn | -302.00 Mn |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | 19.34 Mn |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | -12.10 Mn |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | - |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | -7.30 Mn |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | - |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | -104.16 Mn |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | - |
| 10 | B2Gold | 13.96 Bn | 13.25 Bn | 609.77 Mn | 147.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 147.98 Mn |
| Mar 31, 2026 | 147.98 Mn |
| Dec 31, 2025 | 104.94 Mn |
| Dec 31, 2025 | 104.94 Mn |
| Sep 30, 2025 | 70.93 Mn |
| Sep 30, 2025 | 70.93 Mn |
| Jun 30, 2025 | 28.86 Mn |
| Jun 30, 2025 | 28.86 Mn |
| Mar 31, 2025 | -14.84 Mn |
| Mar 31, 2025 | -14.84 Mn |
| Dec 31, 2024 | -101.03 Mn |
| Dec 31, 2024 | -101.03 Mn |
| Sep 30, 2024 | 3.58 Mn |
| Sep 30, 2024 | 3.58 Mn |
| Jun 30, 2024 | -79.71 Mn |
| Jun 30, 2024 | -79.71 Mn |
| Mar 31, 2024 | 21.99 Mn |
| Mar 31, 2024 | 21.99 Mn |
| Dec 31, 2023 | 523,000.00 |
| Dec 31, 2023 | 523,000.00 |