New Gold Inc. /FI (NGD) Research & Development (2010 - 2025)
New Gold (NGD) posted quarterly Research & Development of $12.9 million for Q4 2025, up 79.17% year-over-year from $7.2 million in Q4 2024, and down 5.15% quarter-over-quarter from $13.6 million in Q3 2025.
New Gold Inc. /FI (NGD) Research & Development (2010 - 2025) Analysis & Trends
New Gold (NGD) has reported Research & Development for 16 consecutive years, with $12.9 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Research & Development rose 79.17% year-over-year to $12.9 million; the TTM figure through Dec 2025 stood at $41.1 million (up 107.58% YoY), while the FY2025 annual figure was $41.1 million, up 107.58% from the prior year.
- Research & Development eased to $12.9 million in Q4 2025 per NGD's latest filing, from $13.6 million in the prior quarter.
- Across five years, Research & Development topped out at $13.6 million in Q3 2025 and bottomed at $900000.0 in Q1 2024.
- Historically, Research & Development has averaged $4.9 million across 5 years, with a median of $4.2 million in 2021.
- Annual changes were most pronounced in 2024 — Research & Development slumped 60.87% — and 2025, when it surged 411.11%.
- New Gold's Research & Development stood at $4.5 million in 2021, then sank by 51.11% to $2.2 million in 2022, then advanced by 13.64% to $2.5 million in 2023, then surged by 188.0% to $7.2 million in 2024, then soared by 79.17% to $12.9 million in 2025.
- Business Quant data shows NGD's Research & Development at $12.9 million in Q4 2025, $13.6 million in Q3 2025, and $10.0 million in Q2 2025.
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Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 12.90 Mn |
| Sep 30, 2025 | 13.60 Mn |
| Jun 30, 2025 | 10.00 Mn |
| Mar 31, 2025 | 4.60 Mn |
| Dec 31, 2024 | 7.20 Mn |
| Sep 30, 2024 | 5.70 Mn |
| Jun 30, 2024 | 6.00 Mn |
| Mar 31, 2024 | 900,000.00 |
| Dec 31, 2023 | 2.50 Mn |
| Sep 30, 2023 | 2.20 Mn |
| Jun 30, 2023 | 3.20 Mn |
| Mar 31, 2023 | 2.30 Mn |
| Dec 31, 2022 | 2.20 Mn |
| Sep 30, 2022 | 4.00 Mn |
| Jun 30, 2022 | 4.60 Mn |
| Mar 31, 2022 | 5.20 Mn |
| Dec 31, 2021 | 4.50 Mn |
| Sep 30, 2021 | 2.20 Mn |
| Jun 30, 2021 | 2.40 Mn |
| Mar 31, 2021 | 2.10 Mn |