Equinox Gold (EQX) Operating Expenses (2018 - 2026)

Equinox Gold (EQX) posted quarterly Operating Expenses of -$226.7 million for Q1 2026, down 15.63% year-over-year from -$268.7 million in Q1 2025, and down 32.12% on a QoQ basis from -$171.6 million in Q4 2025.

Equinox Gold (EQX) Operating Expenses (2018 - 2026) Analysis & Trends

Equinox Gold (EQX) has reported Operating Expenses for 9 consecutive years, with -$226.7 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses fell 15.63% year-over-year to -$226.7 million; the TTM figure through Mar 2026 stood at -$821.3 million (down 18.01% YoY), while the FY2025 annual figure was $834.6 million, up 39.82% from the prior year.
  • Operating Expenses came in at -$226.7 million for Q1 2026 at Equinox Gold, down from -$171.6 million in the prior quarter.
  • The five-year high for Operating Expenses was $1.2 billion in Q4 2022, with the low at -$229.7 million in Q2 2025.
  • Average Operating Expenses over 5 years is -$37.1 million, with a median of -$158.0 million recorded in 2024.
  • Across the five-year window, Operating Expenses gained 20.55% in 2023 and slumped 120.67% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $1.2 billion in 2022, then slumped by 35.88% to $764.2 million in 2023, then sank by 120.67% to -$158.0 million in 2024, then dropped by 8.62% to -$171.6 million in 2025, then sank by 32.12% to -$226.7 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered -$226.7 million, -$171.6 million, and -$193.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 155.00 Mn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn -7.01 Mn
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 2.84 Bn
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -19.25 Mn
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 89.82 Mn
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -1.16 Mn
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 9.20 Mn
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 83.10 Mn
10 Equinox Gold 7.68 Bn 8.27 Bn 319.98 Mn -226.71 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -226.71 Mn
Dec 31, 2025 -171.60 Mn
Sep 30, 2025 -193.28 Mn
Jun 30, 2025 -229.67 Mn
Mar 31, 2025 -196.06 Mn
Dec 31, 2024 -157.99 Mn
Sep 30, 2024 -196.68 Mn
Jun 30, 2024 -145.20 Mn
Mar 31, 2024 -136.40 Mn
Dec 31, 2023 764.23 Mn
Sep 30, 2023 -150.01 Mn
Jun 30, 2023 -143.46 Mn
Mar 31, 2023 -127.38 Mn
Dec 31, 2022 1.19 Bn
Sep 30, 2022 -188.81 Mn
Jun 30, 2022 -170.68 Mn
Mar 31, 2022 -152.35 Mn
Sep 30, 2021 -121.31 Mn
Jun 30, 2021 -139.90 Mn
Mar 31, 2021 -115.99 Mn