Equinox Gold Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Equinox Gold Corp reported revenue of $1.8B (+20.0% year on year) and net income of $221.5M (-34.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $1.8B | $1.5B | $1.1B | $952.2M |
| Other operating expenses | ($834.6M) | ($989.6M) | ($764.2M) | ($680.1M) |
| Depreciation and depletion | ($339.7M) | ($220.5M) | ($215.0M) | ($187.2M) |
| Operating expense | ($1.2B) | ($1.2B) | ($979.2M) | ($867.2M) |
| Income from mine operations | $642.9M | $304.0M | $109.0M | $85.0M |
| Care and maintenance expense | ($95.0M) | ($580.0K) | ($1.4M) | ($9.5M) |
| Exploration and evaluation expense | ($10.9M) | ($12.5M) | ($11.7M) | ($18.4M) |
| General and administration expense | ($104.7M) | ($53.0M) | ($46.2M) | ($46.7M) |
| Income from operations | $432.3M | $238.0M | $49.6M | $10.4M |
| Finance expense | ($179.3M) | ($95.4M) | ($60.2M) | ($40.4M) |
| Finance income | $10.9M | $8.1M | $11.7M | $5.6M |
| Other (expense) income | ($132.6M) | $478.7M | $31.1M | ($67.9M) |
| Income before income taxes from continuing operations | $131.4M | $630.1M | $14.8M | ($98.4M) |
| Income tax expense | ($150.2M) | ($290.8M) | $14.1M | ($7.6M) |
| Net (loss) income from continuing operations | ($18.9M) | — | — | — |
| Net income from discontinued operations | $240.3M | — | — | — |
| Net income | $221.5M | $339.3M | $28.9M | ($106.0M) |
| Basic (in dollars per share) | $0.35 | $0.85 | $0.09 | -$0.35 |
| Diluted (in dollars per share) | $0.35 | $0.75 | $0.09 | -$0.35 |
| Basic (in dollars per share) from continuing operations | -$0.03 | — | — | — |
| Diluted (in dollars per share) from continuing operations | -$0.03 | — | — | — |
| Basic (in shares) | 630.3M | 400.1M | 312.8M | 304.0M |
| Diluted (in shares) | 630.3M | 473.5M | 316.3M | 304.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $407.4M | $239.3M | $192.0M | $200.8M |
| Marketable securities | $162.7M | $6.1M | $92.7M | $36.9M |
| Trade and other receivables | $65.5M | $70.0M | $82.3M | $76.1M |
| Inventories | $369.8M | $417.5M | $412.0M | $265.1M |
| Prepaid expenses | $26.4M | $44.5M | — | — |
| Other current assets | $10.6M | $6.5M | $37.3M | $40.0M |
| Assets held for sale | $928.3M | — | — | $0 |
| Current assets | $2.0B | $784.1M | $834.0M | $655.1M |
| Restricted cash | $7.6M | $12.2M | $15.3M | $14.5M |
| Inventories | $368.1M | $277.1M | $200.4M | $148.1M |
| Mineral properties, plant and equipment | $7.9B | $5.6B | $3.2B | $2.8B |
| Deferred income tax assets | $0 | $2.3M | — | $0 |
| Other assets | $278.8M | $73.1M | $46.3M | $47.3M |
| Total assets | $10.5B | $6.7B | $4.4B | $3.9B |
| Accounts payable and accrued liabilities | $302.4M | $268.4M | $246.5M | $239.8M |
| Income taxes payable | $153.1M | — | — | — |
| Current portion of loans and borrowings | $181.3M | $135.6M | $138.6M | $0 |
| Current portion of deferred revenue | $127.6M | $116.3M | $39.6M | — |
| Current portion of derivative liabilities | $184.2M | $116.6M | $8.8M | $1.9M |
| Other current liabilities | $82.7M | $52.2M | $46.0M | $30.0M |
| Liabilities relating to assets held for sale | $230.7M | — | — | $0 |
| Current liabilities | $1.3B | $689.1M | $479.6M | $271.7M |
| Loans and borrowings | $1.4B | $1.2B | $786.4M | $828.0M |
| Deferred revenue | $165.1M | $266.7M | $194.5M | — |
| Derivative liabilities | $46.7M | $46.4M | $11.1M | $8.8M |
| Reclamation and closure cost provisions | $229.8M | $130.2M | $120.1M | $95.5M |
| Deferred income tax liabilities | $1.4B | $800.0M | $244.7M | $260.7M |
| Other non-current liabilities | $251.3M | $171.5M | $71.5M | $38.5M |
| Total liabilities | $4.7B | $3.3B | $1.9B | $1.5B |
| Common shares | 4.9B | 2.8B | 2.1B | 2.0B |
| Reserves | $93.1M | $74.1M | $79.1M | $41.6M |
| Accumulated other comprehensive income (loss) | $7.5M | ($89.0M) | ($70.7M) | ($52.1M) |
| Retained earnings | $820.0M | $613.7M | $348.5M | $327.6M |
| Total equity | $5.8B | $3.4B | $2.4B | $2.4B |
| Total liabilities and equity | $10.5B | $6.7B | $4.4B | $3.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income for the year | $221.5M | $339.3M | $28.9M | ($106.0M) |
| Depreciation and depletion | $517.5M | $222.6M | $216.1M | $188.8M |
| Finance expense | $185.7M | $95.4M | $60.2M | $40.4M |
| Amortization of deferred revenue | ($158.1M) | — | — | — |
| Change in fair value of derivatives | $114.0M | $123.3M | ($31.6M) | $53.8M |
| Settlements of derivatives | ($85.1M) | ($13.9M) | $33.7M | ($31.8M) |
| Unrealized foreign exchange loss (gain) | $21.1M | ($21.4M) | $9.4M | $12.6M |
| Gain on remeasurement of previously held interest in the Greenstone Mine | $0 | ($579.8M) | — | — |
| Income tax expense | $191.1M | $290.8M | ($14.1M) | $7.6M |
| Income taxes paid | ($129.2M) | ($19.6M) | ($13.6M) | ($22.1M) |
| Other | $36.6M | ($5.7M) | $16.3M | ($11.2M) |
| Operating cash flow before changes in non-cash working capital | $915.1M | $430.2M | $527.5M | $144.3M |
| Changes in non-cash working capital | ($96.8M) | ($58.0M) | ($169.0M) | ($87.8M) |
| Cash provided by (used in) operating activities | $818.3M | $372.2M | $358.5M | $56.5M |
| Expenditures on mineral properties, plant and equipment | ($692.3M) | ($412.1M) | ($523.3M) | ($557.1M) |
| Cash acquired on acquisition of Calibre Mining Corp. | $193.1M | — | — | — |
| Investment in Calibre Mining Corp. | ($40.0M) | — | — | — |
| Net proceeds on disposal of assets | $83.2M | — | $0 | $55.6M |
| Proceeds from dispositions of marketable securities | $3.0M | $48.2M | $53.4M | — |
| Acquisition of Greenstone Mine | $0 | ($744.1M) | — | — |
| Other | ($5.7M) | ($3.7M) | ($6.7M) | $1.2M |
| Cash provided by (used in) investing activities | ($458.7M) | ($1.1B) | ($462.7M) | ($419.0M) |
| Drawdowns on credit facility | $85.0M | $560.0M | $253.7M | $299.8M |
| Repayments of loans and borrowings | ($81.5M) | $0 | ($293.0M) | ($13.3M) |
| Proceeds from other financing arrangements | $21.6M | $57.3M | $23.1M | $9.6M |
| Repayments of other financing arrangements | ($24.9M) | ($7.3M) | — | — |
| Interest paid | ($132.6M) | ($112.6M) | ($64.8M) | ($33.6M) |
| Lease payments | ($39.9M) | ($29.5M) | ($34.7M) | ($23.8M) |
| Net proceeds from shares issued in public offerings | 0 | 335.6M | 40.8M | 7.2M |
| Transaction costs and other | $313.0K | ($13.5M) | ($8.5M) | ($3.0M) |
| Cash provided by (used in) financing activities | ($171.9M) | $792.5M | $92.5M | $254.3M |
| Effect of foreign exchange on cash and cash equivalents | $2.9M | ($5.6M) | $2.9M | ($1.1M) |
| Increase in cash and cash equivalents | $190.7M | $47.3M | ($8.8M) | ($109.3M) |
| Cash and cash equivalents – beginning of year | $239.3M | $192.0M | $200.8M | $305.5M |
| Cash and cash equivalents – end of year | $430.0M | $239.3M | $192.0M | $200.8M |
| Cash and cash equivalents classified as held for sale | ($22.6M) | — | — | $0 |
| Cash and cash equivalents, excluding cash and cash equivalents held for sale | $407.4M | — | — | — |
Equinox Gold Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.