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| Date | Value |
|---|---|
| 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 |