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