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% quarter-over-quarter from -$171.6 million in Q4 2025.
Equinox Gold (EQX) Operating Expenses (2018 - 2026) Analysis & Trends
Equinox Gold's Operating Expenses history runs 9 years deep, the most recent figure standing at -$226.7 million for 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 -$999.9 million (down 56.93% YoY), while the FY2025 annual figure was $834.6 million, up 39.82% from the prior year.
- Operating Expenses for Q1 2026 stood at -$226.7 million, down from -$171.6 million in the prior quarter.
- The five-year high for Operating Expenses was $764.2 million in Q4 2023, with the low at -$371.9 million in Q3 2025.
- The 5-year median for Operating Expenses is -$158.0 million (2024), against an average of -$116.9 million.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses sank 9541.2% in 2022, then jumped 89.7% in 2024.
- Equinox Gold's Operating Expenses stood at -$170.7 million in 2022, then surged by 547.77% to $764.2 million in 2023, then tumbled by 120.67% to -$158.0 million in 2024, then fell by 8.62% to -$171.6 million in 2025, then tumbled by 32.12% to -$226.7 million in 2026.
- Business Quant data shows EQX's Operating Expenses at -$226.7 million in Q1 2026, -$171.6 million in Q4 2025, and -$371.9 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 3.02 Bn |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 119.48 Mn |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 165.00 Mn |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | 11.33 Mn |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 1.06 Bn |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | -18,000.00 |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 869.08 Mn |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 173.18 Mn |
| 10 | Equinox Gold | 10.18 Bn | -317,789.98 Bn | 301.70 | 4.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -226.71 Mn |
| Dec 31, 2025 | -171.60 Mn |
| Sep 30, 2025 | -371.91 Mn |
| Jun 30, 2025 | -229.67 Mn |
| Mar 31, 2025 | -196.06 Mn |
| Dec 31, 2024 | -157.99 Mn |
| Sep 30, 2024 | -268.35 Mn |
| Jun 30, 2024 | -14.77 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 |
| 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 | -1.58 Mn |
| Dec 31, 2020 | -86.75 Mn |
| Sep 30, 2020 | -89.83 Mn |