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 (NFGC) has 7 years of Research & Development data on file, last reported 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, up 2958.96% 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.
- The five-year high for Research & Development was $158.6 million in Q4 2023, with the low at -$11.0 million in Q4 2024.
- Average Research & Development over 5 years is $18.8 million, with a median of $10.5 million recorded in 2022.
- Year-over-year, Research & Development slumped 146.91% in 2024 and surged 129.24% in 2026.
- New Found Gold's Research & Development stood at $92.3 million in 2022, then jumped by 71.81% to $158.6 million in 2023, then tumbled by 106.96% to -$11.0 million in 2024, then increased by 11.7% to -$9.7 million in 2025, then jumped by 193.97% to $9.2 million in 2026.
- Business Quant data shows NFGC's Research & Development at $9.2 million in Q1 2026, -$9.7 million in Q4 2025, and -$9.8 million in Q3 2025.
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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 | New Found Gold | - | - | 1.05 Mn | 9.16 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 |