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