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| 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 |