How Equinox Gold makes money

Period

FY2025

How does Equinox Gold make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Equinox Gold Corp. · FY2025 · year ended 2025-12-31

Revenue$1.8BGross profit$643M · 35%Cost of revenue$1.2B · 65%Operating income$432M · 24%Operating expenses$211M · 12%Other opex$211M · 12%Pre-tax income$372M · 20%Other expense$61M · 3%Net income$221M · 12%Income tax$150M · 8%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.

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