Equinox Gold (EQX) Change in Working Capital (2018 - 2026)
Equinox Gold (EQX) posted quarterly Change in Working Capital of -$104.2 million for Q1 2026, down 454.26% year-over-year from $29.4 million in Q1 2025, and down 2794.44% on a QoQ basis from -$3.6 million in Q4 2025.
Equinox Gold (EQX) Change in Working Capital (2018 - 2026) Analysis & Trends
Equinox Gold (EQX) has reported Change in Working Capital for 9 consecutive years, with -$104.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Change in Working Capital fell 454.26% year-over-year to -$104.2 million; the TTM figure through Mar 2026 stood at $250.6 million (down 17.37% YoY), while the FY2025 annual figure was $96.8 million, up 66.78% from the prior year.
- Change in Working Capital came in at -$104.2 million for Q1 2026 at Equinox Gold, down from -$3.6 million in the prior quarter.
- The five-year high for Change in Working Capital was $232.5 million in Q3 2025, with the low at -$190.2 million in Q4 2023.
- Average Change in Working Capital over 5 years is $44.3 million, with a median of $39.7 million recorded in 2024.
- Across the five-year window, Change in Working Capital surged 53967641.94% in 2022 and plunged 454.26% in 2026, its largest moves.
- Year by year, Change in Working Capital stood at -$82.2 million in 2022, then tumbled by 131.52% to -$190.2 million in 2023, then surged by 180.04% to $152.3 million in 2024, then tumbled by 102.36% to -$3.6 million in 2025, then plunged by 2794.44% to -$104.2 million in 2026.
- According to Business Quant data, Change in Working Capital over the past three periods registered -$104.2 million, -$3.6 million, and $232.5 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 | Equinox Gold | 7.68 Bn | 8.27 Bn | 319.98 Mn | -104.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -104.20 Mn |
| Mar 31, 2026 | -104.20 Mn |
| Dec 31, 2025 | -3.60 Mn |
| Dec 31, 2025 | -3.60 Mn |
| Sep 30, 2025 | 232.45 Mn |
| Sep 30, 2025 | 232.45 Mn |
| Jun 30, 2025 | 125.95 Mn |
| Jun 30, 2025 | 125.95 Mn |
| Mar 31, 2025 | -18.80 Mn |
| Mar 31, 2025 | -18.80 Mn |
| Dec 31, 2024 | 152.26 Mn |
| Dec 31, 2024 | 152.26 Mn |
| Sep 30, 2024 | 130.09 Mn |
| Sep 30, 2024 | 130.09 Mn |
| Jun 30, 2024 | 39.73 Mn |
| Jun 30, 2024 | 39.73 Mn |
| Mar 31, 2024 | 47.72 Mn |
| Mar 31, 2024 | 47.72 Mn |
| Dec 31, 2023 | -190.22 Mn |
| Dec 31, 2023 | -190.22 Mn |