New Found Gold (NFGC) Research & Development (2020 - 2026)
New Found Gold (NFGC) posted Research & Development of $9.2 million for Q1 2026, up 193.97% sequentially from -$9.7 million in Q4 2025, and up 129.24% YoY from $4.0 million in Q1 2025.
New Found Gold (NFGC) Research & Development (2020 - 2026) Analysis & Trends
New Found Gold has reported Research & Development for 7 years, with the latest figure at $9.2 million in Q1 2026.
- Quarterly Research & Development rose 129.24% year-over-year to $9.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$16.6 million (up 30.56% YoY) and the FY2025 annual result came in at $29.7 million, down 22.71% from the prior year.
- Research & Development improved to $9.2 million in Q1 2026 per NFGC's latest filing, from -$9.7 million in the prior quarter.
- Over five years, Research & Development peaked at $158.6 million in Q4 2023 and troughed at -$11.0 million in Q4 2024.
- A 5-year average of $18.8 million and a median of $10.5 million in 2022 frame the typical range for Research & Development.
- The sharpest annual moves came in 2024 and 2026: Research & Development plunged 146.91% in 2024, then soared 129.24% in 2026.
- Over 5 years, Research & Development stood at $92.3 million in 2022, then soared by 71.81% to $158.6 million in 2023, then slumped by 106.96% to -$11.0 million in 2024, then grew by 11.7% to -$9.7 million in 2025, then soared by 193.97% to $9.2 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $9.2 million, -$9.7 million, and -$9.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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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 | New Found Gold | 563.33 Mn | 420.88 Mn | 1.39 Mn | 10.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 42.72 Mn |
| Sep 30, 2021 | 9.47 Mn |
| Dec 31, 2020 | 8.88 Mn |