B2Gold (BTG) Change in Working Capital (2012 - 2026)

B2Gold (BTG) posted quarterly Change in Working Capital of $148.0 million for Q1 2026, up 1097.2% year-over-year from $12.4 million in Q1 2025, and up 41.02% on a QoQ basis from $104.9 million in Q4 2025.

B2Gold (BTG) Change in Working Capital (2012 - 2026) Analysis & Trends

B2Gold (BTG) has reported Change in Working Capital for 15 consecutive years, with $148.0 million the latest figure, recorded in 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 came in at $148.0 million for Q1 2026 at B2Gold, up from $104.9 million in the prior quarter.
  • The five-year high for Change in Working Capital was $148.0 million in Q1 2026, with the low at -$101.0 million in Q4 2024.
  • Average Change in Working Capital over 5 years is $7.5 million, with a median of $3.6 million recorded in 2024.
  • Across the five-year window, Change in Working Capital tumbled 19417.59% in 2024 and surged 1883.47% in 2025, its largest moves.
  • Year by year, Change in Working Capital stood at $39.2 million in 2022, then plunged by 98.67% to $523000.0 in 2023, then sank 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.
  • According to Business Quant data, Change in Working Capital over the past three periods registered $148.0 million, $104.9 million, and $70.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Working Capital (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn -302.00 Mn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn -
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn -
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -10.47 Mn
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 18.78 Mn
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -27.35 Mn
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 510.90 Mn
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn -7.30 Mn
10 B2Gold 5.12 Bn 5.16 Bn 609.77 Mn 147.98 Mn

Historic Data

Download Data
DateValue
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