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
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