Equinox Gold (EQX) Change in Working Capital (2019 - 2026)

Equinox Gold (EQX) recorded quarterly Change in Working Capital of -$104.2 million in Q1 2026, up 95.96% quarter-over-quarter from -$2.6 billion in Q4 2025, and down 453.46% on a YoY basis from $29.5 million in Q1 2025.

Equinox Gold (EQX) Change in Working Capital (2019 - 2026) Analysis & Trends

Equinox Gold's Change in Working Capital history runs 8 years deep, the most recent figure standing at -$104.2 million for Q1 2026.

  • In Q1 2026, Change in Working Capital fell 453.46% year-over-year to -$104.2 million; the TTM figure through Mar 2026 stood at -$2.8 billion (down 1867.5% YoY), while the FY2025 annual figure was $96.8 million, up 66.78% from the prior year.
  • Change in Working Capital was -$104.2 million for Q1 2026 at Equinox Gold, up from -$2.6 billion in the prior quarter.
  • In the past five years, Change in Working Capital ranged from a high of $169.0 million in Q4 2023 to a low of -$2.6 billion in Q4 2025.
  • Historically, Change in Working Capital has averaged -$170.8 million across 5 years, with a median of -$43.3 million in 2022.
  • The sharpest annual moves came in 2023 and 2025: Change in Working Capital surged 374.99% in 2023, then sank 4347.33% in 2025.
  • A 5-year view of Change in Working Capital shows it stood at $35.6 million in 2022, then jumped by 374.99% to $169.0 million in 2023, then sank by 134.33% to -$58.0 million in 2024, then tumbled by 4347.33% to -$2.6 billion in 2025, then soared by 95.96% to -$104.2 million in 2026.
  • The last three Change in Working Capital figures came in at -$104.2 million (Q1 2026), -$2.6 billion (Q4 2025), and -$81.3 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 1,048.41 Bn 1,051.14 Bn 3.12 Bn -302.00 Mn
3 Wheaton Precious Metals 429.35 Bn 428.20 Bn 699.37 Mn 19.34 Mn
4 Alamos Gold 144.86 Bn 144.19 Bn 442.20 Mn -12.10 Mn
5 Gold Fields 136.49 Bn 134.71 Bn - -
6 Kinross Gold 110.14 Bn 107.96 Bn 1.44 Bn -7.30 Mn
7 Newmont 106.92 Bn 98.31 Bn 7.29 Bn -
8 Equinox Gold 51.34 Bn 50.84 Bn - -104.16 Mn
9 AngloGold Ashanti 47.89 Bn 44.92 Bn 1.94 Bn -
10 Aura Minerals 47.46 Bn 47.17 Bn 19.58 Mn -27.35 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -104.16 Mn
Mar 31, 2026 -104.16 Mn
Dec 31, 2025 -2.58 Bn
Dec 31, 2025 -2.58 Bn
Sep 30, 2025 -81.28 Mn
Sep 30, 2025 -81.28 Mn
Jun 30, 2025 6.94 Mn
Jun 30, 2025 6.94 Mn
Mar 31, 2025 -18.82 Mn
Mar 31, 2025 -18.82 Mn
Dec 31, 2024 -58.01 Mn
Dec 31, 2024 -58.01 Mn
Sep 30, 2024 9.39 Mn
Sep 30, 2024 9.39 Mn
Jun 30, 2024 -72.76 Mn
Jun 30, 2024 -72.76 Mn
Mar 31, 2024 -29.82 Mn
Mar 31, 2024 -29.82 Mn
Dec 31, 2023 168.99 Mn
Dec 31, 2023 168.99 Mn