Equinox Gold (EQX) Research & Development (2019 - 2026)
Equinox Gold (EQX) posted quarterly Research & Development of -$4.6 million for Q1 2026, down 561.01% year-over-year from $996514.1 in Q1 2025, and down 357.61% quarter-over-quarter from -$1.0 million in Q4 2025.
Equinox Gold (EQX) Research & Development (2019 - 2026) Analysis & Trends
Equinox Gold's Research & Development history runs 8 years deep, the most recent figure standing at -$4.6 million for Q1 2026.
- In Q1 2026, Research & Development fell 561.01% year-over-year to -$4.6 million; the TTM figure through Mar 2026 stood at -$21.1 million (down 331.47% YoY), while the FY2025 annual figure was $10.9 million, up 567.32% from the prior year.
- Research & Development for Q1 2026 stood at -$4.6 million, down from -$1.0 million in the prior quarter.
- The five-year high for Research & Development was $11.7 million in Q4 2023, with the low at -$11.7 million in Q3 2025.
- The 5-year median for Research & Development is -$1.9 million (2023), against an average of -$2.0 million.
- The sharpest annual moves came in 2024 and 2025: Research & Development soared 95.09% in 2024, then tumbled 2515.09% in 2025.
- Equinox Gold's Research & Development stood at -$4.5 million in 2022, then surged by 357.72% to $11.7 million in 2023, then slumped by 102.45% to -$286339.7 in 2024, then sank by 250.6% to -$1.0 million in 2025, then plunged by 357.61% to -$4.6 million in 2026.
- Business Quant data shows EQX's Research & Development at -$4.6 million in Q1 2026, -$1.0 million in Q4 2025, and -$11.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 69.00 Mn |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 61.53 Mn |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 134.00 Mn |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | - |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | -37.00 Mn |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | - |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | - |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | - |
| 10 | Equinox Gold | 10.18 Bn | -317,789.98 Bn | 301.70 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.59 Mn |
| Dec 31, 2025 | -1.00 Mn |
| Sep 30, 2025 | -11.66 Mn |
| Jun 30, 2025 | -3.82 Mn |
| Mar 31, 2025 | -695,000.00 |
| Dec 31, 2024 | -286,339.66 |
| Sep 30, 2024 | -3.76 Mn |
| Jun 30, 2024 | -146,228.11 |
| Mar 31, 2024 | -1.86 Mn |
| Dec 31, 2023 | 11.69 Mn |
| Sep 30, 2023 | -1.94 Mn |
| Jun 30, 2023 | -2.98 Mn |
| Mar 31, 2023 | -1.33 Mn |
| Jun 30, 2022 | -4.54 Mn |
| Mar 31, 2022 | -3.19 Mn |
| Sep 30, 2021 | -4.45 Mn |
| Jun 30, 2021 | -4.70 Mn |
| Mar 31, 2021 | -2.37 Mn |
| Mar 31, 2020 | -2.16 Mn |
| Dec 31, 2019 | -2.95 Mn |