Revenue
5Y CAGR +16.5%5Y CAGR +16.5%$1.8B FY25
FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
EQX
$11.28+12.80%
as of close, Nov 4, 2026
☾ AH $11.28 +12.80%
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EQX financial statements
The full income statement, balance sheet, and cash-flow statement for Equinox Gold Corp. (EQX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Financial overview#
Gross profit
5Y CAGR +17.2%5Y CAGR +17.2%$642.9M FY25
FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating income
5Y CAGR +20.1%5Y CAGR +20.1%$432.3M FY25
FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Net income
5Y CAGR +58.3%5Y CAGR +58.3%$221.5M FY25
FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
EPS (diluted)
5Y CAGR +28.5%5Y CAGR +28.5%$0.35 FY25
FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating cash flow
5Y CAGR +26.2%5Y CAGR +26.2%$818.3M FY25
FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Capital expenditure
5Y CAGR +31.7%5Y CAGR +31.7%$692.3M FY25
FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Free cash flow
5Y CAGR +9.2%5Y CAGR +9.2%$126M FY25
FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares (diluted)
5Y +188.6%5Y +188.6%630.3M FY25
FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares outstanding (point-in-time)
2018-12 92.3M2019-12 113.5M2020-12 218.4M2021-12 301.3M2022-12 307.4M2023-12 318.0M2024-12 455.2M2025-12 630.3M+582.6% over 7 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.82B+99.1% | 913M-16.1% | 1.09B+14.3% | 952M-12.0% | 1.08B+28.0% | |
| 643M+211.9% | 206M+89.1% | 109M+28.3% | 85.0M-63.2% | 231M-20.5% | ||
| Cost of revenue | 1.17B+66.2% | 707M-27.8% | 979M+12.9% | 867M+1.8% | 852M+53.4% | |
| Operating income | 432M+185.0% | 152M+205.7% | 49.6M+377.5% | 10.4M-92.9% | 146M-15.3% | |
| Interest expense | 179M+96.4% | 91.3M+51.7% | 60.2M+49.2% | 40.4M-2.9% | 41.6M+4.5% | |
| Pre-tax income | 131M-75.4% | 533M+3511.3% | 14.8M+115.0% | -98.4M-118.4% | 535M+1141.4% | |
| Income tax | 150M-45.0% | 273M+2034.1% | -14.1M-285.2% | 7.62M+138.4% | -19.9M-195.4% | |
| 221M-34.7% | 339M+1074.7% | 28.9M+127.2% | -106M-119.1% | 555M+2389.6% | ||
| Net income to common | 221M-34.7% | 339M+1074.7% | 28.9M+127.2% | -106M-119.1% | 555M+2578.0% | |
| $0.35-53.3% | $0.75+733.3% | $0.09+125.7% | -$0.35-120.7% | $1.69+1590.0% | ||
| EPS (basic) | $0.35-58.8% | $0.85+844.4% | $0.09+125.7% | -$0.35-117.9% | $1.95+1850.0% | |
| Weighted-avg shares (basic) | 630M+57.5% | 400M+27.9% | 313M+2.9% | 304M+6.7% | 285M+34.1% | |
| Weighted-avg shares (diluted) | 630M+33.1% | 474M+49.7% | 316M+4.0% | 304M-8.9% | 334M+52.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 430M+79.7% | 239M+24.7% | 192M-4.4% | 201M-34.3% | 305M-11.4% | |
| Accounts receivable | 65.5M-6.5% | 70.0M-14.9% | 82.3M+8.2% | 76.1M+51.4% | 50.3M-10.0% | |
| Inventory | 370M-11.4% | 418M+1.3% | 412M+55.4% | 265M+31.5% | 202M-3.2% | |
| 10.5B+56.9% | 6.71B+54.3% | 4.35B+12.8% | 3.86B-2.8% | 3.97B+48.4% | ||
| Property, plant & equipment | — | — | — | 2.84B+13.7% | 2.50B+34.4% | |
| Total non-current assets | 8.50B+66.2% | 5.11B+48.6% | 3.44B+14.2% | 3.01B+14.3% | 2.63B+31.8% | |
| 1.26B+83.1% | 689M+43.7% | 480M+76.5% | 272M-32.5% | 403M+80.8% | ||
| Short-term & current debt | 181M+33.7% | 136M-2.2% | 139M | 0.00-100.0% | 26.7M+100.0% | |
| 4.74B+42.9% | 3.32B+73.8% | 1.91B+26.8% | 1.50B+8.9% | 1.38B+12.8% | ||
| Long-term debt | 1.37B+13.3% | 1.21B+54.2% | 786M-5.0% | 828M+61.1% | 514M-3.4% | |
| 5.80B+70.6% | 3.40B+39.1% | 2.44B+3.9% | 2.35B-9.0% | 2.59B+78.5% | ||
| Total equity incl. non-controlling | 5.80B+70.6% | 3.40B+39.1% | 2.44B+3.9% | 2.35B-9.0% | 2.59B+78.5% | |
| Shares outstanding (cover) | 786M+72.6% | 455M+43.1% | 318M+3.5% | 307M+2.0% | 301M+24.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 818M+119.9% | 372M+3.8% | 358M+534.8% | 56.5M-82.4% | 321M+25.4% | ||
| Depreciation & amortization | 340M+209.4% | 110M-48.9% | 215M+14.9% | 187M-4.9% | 197M+49.3% | |
| Capital expenditure | 692M+68.0% | 412M-21.3% | 523M-6.1% | 557M+61.8% | 344M+97.0% | |
| Free cash flow | 126M+415.9% | -39.9M+75.8% | -165M+67.1% | -501M-2035.1% | -23.4M-128.9% | |
| Acquisitions | — | — | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 85.0M-84.8% | 560M+120.8% | 254M-15.4% | 300M | 0.00-100.0% | |
| Long-term debt repaid | 81.5M | 0.00-100.0% | 293M+2097.6% | 13.3M-57.0% | 31.0M-94.3% | |
| Common stock issued | 0.00-100.0% | 336M+723.1% | 40.8M+464.7% | 7.22M-87.9% | 59.5M+39.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 8.85B+287.2% | 2.29B+52.0% | 1.50B+52.1% | 988M-51.5% | 2.04B-9.8% | |
| P/E | 40.0×+493.2% | 6.7× | — | 1.8×-51.5% | 3.7×-96.4% | |
| P/S | 4.9×+94.5% | 2.5×+58.6% | 1.6×+72.9% | 0.9×-51.5% | 1.9×-29.5% | |
| P/B | 1.5×+127.0% | 0.7×+5.2% | 0.6×+67.2% | 0.4×-51.5% | 0.8×-49.5% | |
| P/FCF | 70.2× | — | — | — | — | |
| Earnings yield | 2.5%-83.1% | 14.8% | — | 56.1%+106.1% | 27.2%+2660.3% | |
| FCF yield | 1.4% | — | — | — | — | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: EQX’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EQX filings on SEC EDGAR → Not investment advice.
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