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
DateValue
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