New Found Gold (NFGC) Research & Development (2021 - 2026)
New Found Gold's (NFGC) quarterly Research & Development came in at $10.7 million in Q2 2026, up 71.72% year-over-year from $6.2 million in Q2 2025, and up 16.97% quarter-over-quarter from $9.2 million in Q1 2026.
Analysis
New Found Gold (NFGC) Research & Development (2021 - 2026) Analysis & Trends
New Found Gold has disclosed Research & Development across 6 years of filings, most recently posting $10.7 million for Q2 2026.
- In Q2 2026, Research & Development rose 71.72% year-over-year to $10.7 million; the TTM figure through Jun 2026 stood at $366803.9 (up 103.58% YoY), while the FY2025 annual figure was $29.6 million, down 22.86% from the prior year.
- Research & Development came in at $10.7 million for Q2 2026 at New Found Gold, up from $9.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $158.6 million in Q4 2023 to a low of -$11.0 million in Q4 2024.
- Average Research & Development over 5 years is $19.1 million, with a median of $10.6 million recorded in 2026.
- Year-over-year, Research & Development soared 861.8% in 2022 and tumbled 146.91% in 2024.
- Over 5 years, Research & Development stood at $92.3 million in 2022, then jumped by 71.81% to $158.6 million in 2023, then plunged by 106.96% to -$11.0 million in 2024, then advanced by 11.7% to -$9.7 million in 2025, then jumped by 209.92% to $10.7 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $10.7 million in Q2 2026, $9.2 million in Q1 2026, and -$9.7 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 134.87 Bn | 126.03 Bn | 4.03 Bn | 69.00 Mn |
| 2 | Barrick Mining | 74.55 Bn | 68.63 Bn | 2.90 Bn | 134.00 Mn |
| 3 | AngloGold Ashanti | 53.23 Bn | 50.28 Bn | 1.70 Bn | -37.00 Mn |
| 4 | Alamos Gold | 15.10 Bn | 14.42 Bn | 587.30 Mn | 8.00 Mn |
| 5 | Iamgold | 11.65 Bn | 11.15 Bn | 415.10 Mn | -7.80 Mn |
| 6 | Eldorado Gold | 8.77 Bn | 8.21 Bn | 302.67 Mn | 14.98 Mn |
| 7 | Buenaventura Mining | 8.74 Bn | 7.79 Bn | - | - |
| 8 | Equinox Gold | 7.77 Bn | 7.92 Bn | 428.20 Mn | -9.84 Mn |
| 9 | B2Gold | 7.17 Bn | 7.17 Bn | 308.29 Mn | - |
| 10 | New Found Gold | 397.71 Mn | 255.25 Mn | 11.28 Mn | 10.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.71 Mn |
| Mar 31, 2026 | 9.16 Mn |
| Dec 31, 2025 | -9.74 Mn |
| Sep 30, 2025 | -9.75 Mn |
| Jun 30, 2025 | 6.24 Mn |
| Mar 31, 2025 | 3.99 Mn |
| Dec 31, 2024 | -11.03 Mn |
| Sep 30, 2024 | -9.43 Mn |
| Jun 30, 2024 | -7.40 Mn |
| Mar 31, 2024 | 16.06 Mn |
| Dec 31, 2023 | 158.56 Mn |
| Sep 30, 2023 | 20.10 Mn |
| Jun 30, 2023 | 18.58 Mn |
| Mar 31, 2023 | 16.01 Mn |
| Dec 31, 2022 | 92.29 Mn |
| Sep 30, 2022 | 15.12 Mn |
| Jun 30, 2022 | 13.55 Mn |
| Mar 31, 2022 | 10.47 Mn |
| Dec 31, 2021 | 9.60 Mn |
| Sep 30, 2021 | 9.47 Mn |