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% on a QoQ basis from $235.5 million in Q3 2025.
Equinox Gold (EQX) Free Cash Flow (2018 - 2025) Analysis & Trends
Equinox Gold (EQX) has reported Free Cash Flow for 7 consecutive years, with -$198.1 million the latest figure, recorded in 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 820.31% YoY), while the FY2025 annual figure was -$539.7 million, down 41.08% from the prior year.
- Free Cash Flow came in at -$198.1 million for Q4 2025 at Equinox Gold, 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.
- Average Free Cash Flow over 4 years is -$3.8 million, with a median of $107.8 million recorded in 2023.
- The largest YoY upside for Free Cash Flow was 8.53% in 2025 against a maximum downside of 167.84% in 2025.
- Year by year, Free Cash Flow stood at -$974.6 million in 2022, then soared by 115.14% to $147.6 million in 2023, then plunged by 150.1% to -$73.9 million in 2024, then tumbled by 167.84% to -$198.1 million in 2025.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$198.1 million, $235.5 million, and $96.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 3.53 Bn |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 20.23 Mn |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 3.14 Bn |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 71.86 Mn |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 765.82 Mn |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 44.11 Mn |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 520.60 Mn |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 1.25 Bn |
| 10 | Equinox Gold | 7.68 Bn | 8.27 Bn | 319.98 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 |
| Dec 31, 2024 | -73.95 Mn |
| Dec 31, 2024 | -73.95 Mn |
| Sep 30, 2024 | 124.44 Mn |
| Sep 30, 2024 | 124.44 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 |
| Jun 30, 2023 | 110.85 Mn |
| Jun 30, 2023 | 110.85 Mn |
| Dec 31, 2022 | -974.65 Mn |
| Dec 31, 2022 | -974.65 Mn |
| Sep 30, 2022 | 151.49 Mn |
| Sep 30, 2022 | 151.49 Mn |