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% on a QoQ basis from -$1.0 million in Q4 2025.

Equinox Gold (EQX) Research & Development (2019 - 2026) Analysis & Trends

Equinox Gold (EQX) has reported Research & Development for 8 consecutive years, with -$4.6 million the latest figure, recorded in 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 -$15.2 million (down 165.37% YoY), while the FY2025 annual figure was $10.9 million, up 567.32% from the prior year.
  • Research & Development came in at -$4.6 million for Q1 2026 at Equinox Gold, down from -$1.0 million in the prior quarter.
  • The five-year high for Research & Development was $32.3 million in Q4 2022, with the low at -$6.2 million in Q3 2022.
  • Average Research & Development over 5 years is $60765.6, with a median of -$2.0 million recorded in 2024.
  • Across the five-year window, Research & Development surged 68.6% in 2023 and tumbled 561.01% in 2026, its largest moves.
  • Year by year, Research & Development stood at $32.3 million in 2022, then tumbled by 63.83% to $11.7 million in 2023, then plunged by 102.45% to -$286339.7 in 2024, then tumbled by 250.6% to -$1.0 million in 2025, then slumped by 357.61% to -$4.6 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered -$4.6 million, -$1.0 million, and -$5.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 116.00 Mn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn -
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 45.00 Mn
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -2.55 Mn
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn -
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -177,000.00
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn -
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 38.20 Mn
10 Equinox Gold 7.68 Bn 8.27 Bn 319.98 Mn -4.59 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -4.59 Mn
Dec 31, 2025 -1.00 Mn
Sep 30, 2025 -5.81 Mn
Jun 30, 2025 -3.82 Mn
Mar 31, 2025 -695,000.00
Dec 31, 2024 -286,339.66
Sep 30, 2024 -2.79 Mn
Jun 30, 2024 -1.97 Mn
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
Dec 31, 2022 32.32 Mn
Sep 30, 2022 -6.18 Mn
Jun 30, 2022 -4.54 Mn
Mar 31, 2022 -3.19 Mn
Dec 31, 2021 29.55 Mn
Sep 30, 2021 -4.45 Mn
Jun 30, 2021 -4.72 Mn