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% quarter-over-quarter from $104.9 million in Q4 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 for Q1 2026 stood at $148.0 million, 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.
- The 5-year median for Change in Working Capital is $3.6 million (2024), against an average of $7.5 million.
- The sharpest annual moves came in 2024 and 2025: Change in Working Capital sank 19417.59% in 2024, then jumped 1883.47% in 2025.
- B2Gold's Change in Working Capital stood at $39.2 million in 2022, then slumped by 98.67% to $523000.0 in 2023, then tumbled by 19417.59% to -$101.0 million in 2024, then surged by 203.86% to $104.9 million in 2025, then jumped by 41.02% to $148.0 million in 2026.
- Business Quant data shows BTG's Change in Working Capital at $148.0 million in Q1 2026, $104.9 million in Q4 2025, and $70.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 140.45 Bn | 131.44 Bn | 4.03 Bn | - |
| 2 | Agnico Eagle Mines | 108.80 Bn | 105.34 Bn | 2.43 Bn | - |
| 3 | Barrick Mining | 79.45 Bn | 73.52 Bn | 2.90 Bn | - |
| 4 | Wheaton Precious Metals | 71.58 Bn | 71.48 Bn | 687.86 Mn | - |
| 5 | AngloGold Ashanti | 61.94 Bn | 59.11 Bn | 1.70 Bn | - |
| 6 | Gold Fields | 42.71 Bn | 40.93 Bn | - | - |
| 7 | Pan American Silver | 22.35 Bn | 20.78 Bn | 457,000.00 | - |
| 8 | Royal Gold | 21.96 Bn | 21.77 Bn | 390.45 Mn | - |
| 9 | Coeur Mining | 21.68 Bn | 20.62 Bn | 535.85 Mn | - |
| 10 | B2Gold | 7.38 Bn | 7.38 Bn | 308.29 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 |