Equinox Gold (EQX) Free Cash Flow (2018 - 2025)
Equinox Gold (EQX) posted quarterly Free Cash Flow of -$198.1 million for Q4 2025, down 167.84% year-over-year from $292.0 million in Q4 2024, and down 184.11% quarter-over-quarter from $235.5 million in Q3 2025.
Equinox Gold (EQX) Free Cash Flow (2018 - 2025) Analysis & Trends
Equinox Gold's Free Cash Flow history runs 7 years deep, the most recent figure standing at -$198.1 million for Q4 2025.
- In Q4 2025, Free Cash Flow fell 167.84% year-over-year to -$198.1 million; the TTM figure through Mar 2026 stood at $133.4 million (up 188.53% YoY), while the FY2025 annual figure was -$539.7 million, down 41.08% from the prior year.
- Free Cash Flow for Q4 2025 stood at -$198.1 million, down from $235.5 million in the prior quarter.
- The five-year high for Free Cash Flow was $235.5 million in Q3 2025, with the low at -$974.6 million in Q4 2022.
- The 4-year median for Free Cash Flow is $104.8 million (2024), against an average of -$9.6 million.
- Peak annual rise in Free Cash Flow reached 89.23% in 2025, while the deepest fall reached 188.48% in 2025.
- Equinox Gold's Free Cash Flow stood at -$974.6 million in 2022, then surged by 115.14% to $147.6 million in 2023, then slumped by 150.1% to -$73.9 million in 2024, then sank by 167.84% to -$198.1 million in 2025.
- Business Quant data shows EQX's Free Cash Flow at -$198.1 million in Q4 2025, $235.5 million in Q3 2025, and $96.0 million in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 140.45 Bn | 131.44 Bn | 4.03 Bn | 2.21 Bn |
| 2 | Agnico Eagle Mines | 108.80 Bn | 105.34 Bn | 2.43 Bn | 2.95 Bn |
| 3 | Barrick Mining | 79.45 Bn | 73.52 Bn | 2.90 Bn | 515.00 Mn |
| 4 | Wheaton Precious Metals | 71.58 Bn | 71.48 Bn | 687.86 Mn | 649.52 Mn |
| 5 | AngloGold Ashanti | 61.94 Bn | 59.11 Bn | 1.70 Bn | 1.43 Bn |
| 6 | Gold Fields | 42.71 Bn | 40.93 Bn | - | - |
| 7 | Pan American Silver | 22.35 Bn | 20.78 Bn | 457,000.00 | 419.00 Mn |
| 8 | Royal Gold | 21.96 Bn | 21.77 Bn | 390.45 Mn | 335.15 Mn |
| 9 | Coeur Mining | 21.68 Bn | 20.62 Bn | 535.85 Mn | 387.52 Mn |
| 10 | Equinox Gold | 10.70 Bn | -317,789.46 Bn | 301.70 | -197.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -198.06 Mn |
| Dec 31, 2025 | -198.06 Mn |
| Sep 30, 2025 | 235.48 Mn |
| Sep 30, 2025 | 235.48 Mn |
| Jun 30, 2025 | 95.99 Mn |
| Jun 30, 2025 | 95.99 Mn |
| Mar 31, 2025 | -92.70 Mn |
| Mar 31, 2025 | -92.70 Mn |
| Dec 31, 2024 | -73.95 Mn |
| Dec 31, 2024 | -73.95 Mn |
| Sep 30, 2024 | 124.44 Mn |
| Sep 30, 2024 | 124.44 Mn |
| Jun 30, 2024 | 88.44 Mn |
| Jun 30, 2024 | 88.44 Mn |
| Mar 31, 2024 | 104.77 Mn |
| Mar 31, 2024 | 104.77 Mn |
| Sep 30, 2023 | 147.59 Mn |
| Sep 30, 2023 | 147.59 Mn |
| Dec 31, 2022 | -974.65 Mn |
| Dec 31, 2022 | -974.65 Mn |