Collective Mining (CNL) Research & Development (2023 - 2026)
Collective Mining (CNL) posted Research & Development of -$14.8 million for Q2 2026, down 63.36% on a QoQ basis from -$9.1 million in Q1 2026, and down 99.49% year-over-year from -$2.9 billion in Q2 2025.
Analysis
Collective Mining (CNL) Research & Development (2023 - 2026) Analysis & Trends
Collective Mining has reported Research & Development for 4 years, with the latest figure at -$14.8 million in Q2 2026.
- On a quarterly basis, Research & Development fell 99.49% year-over-year to -$14.8 million in Q2 2026; TTM through Jun 2026 was $20.9 million, a 41.12% increase from a year earlier, with the FY2025 full-year figure at $32.5 million, up 79.85% from the prior year.
- Research & Development was -$14.8 million for Q2 2026 at Collective Mining, down from -$9.1 million in the prior quarter.
- The five-year high for Research & Development was $53.6 million in Q4 2025, with the low at -$14.8 million in Q2 2026.
- Average Research & Development over 4 years is $3.3 million, with a median of -$4.5 million recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Research & Development jumped 69.63% in 2025, then slumped 99.49% in 2026.
- Over 4 years, Research & Development stood at $23.7 million in 2023, then jumped by 33.25% to $31.6 million in 2024, then surged by 69.63% to $53.6 million in 2025, then plunged by 127.68% to -$14.8 million in 2026.
- The last three Research & Development figures came in at -$14.8 million (Q2 2026), -$9.1 million (Q1 2026), and $53.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 134.87 Bn | 126.03 Bn | 4.03 Bn | 69.00 Mn |
| 2 | Barrick Mining | 74.96 Bn | 78.57 Bn | 2.90 Bn | 134.00 Mn |
| 3 | AngloGold Ashanti | 55.10 Bn | 53.93 Bn | 1.70 Bn | -37.00 Mn |
| 4 | Alamos Gold | 15.53 Bn | 14.85 Bn | 587.30 Mn | 8.00 Mn |
| 5 | Iamgold | 12.11 Bn | 11.65 Bn | 415.10 Mn | -7.80 Mn |
| 6 | Buenaventura Mining | 8.61 Bn | 7.86 Bn | - | - |
| 7 | Eldorado Gold | 8.54 Bn | 7.99 Bn | 302.67 Mn | 14.98 Mn |
| 8 | Equinox Gold | 8.07 Bn | 8.23 Bn | 428.20 Mn | -9.84 Mn |
| 9 | B2Gold | 7.49 Bn | 7.53 Bn | 308.29 Mn | - |
| 10 | Collective Mining | 1.55 Bn | 1.46 Bn | 103,505.00 | -14.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.83 Mn |
| Mar 31, 2026 | -9.08 Mn |
| Dec 31, 2025 | 53.58 Mn |
| Sep 30, 2025 | -8.79 Mn |
| Jun 30, 2025 | -7.43 Mn |
| Mar 31, 2025 | -4.86 Mn |
| Dec 31, 2024 | 31.58 Mn |
| Sep 30, 2024 | -4.50 Mn |
| Jun 30, 2024 | -5.18 Mn |
| Mar 31, 2024 | -3.84 Mn |
| Dec 31, 2023 | 23.70 Mn |
| Sep 30, 2023 | -4.10 Mn |
| Jun 30, 2023 | -3.44 Mn |