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Stocks · Materials · Gold and Silver Ores

Equinox Gold Corp.

EQX Clue Score61
British Columbia, Canada Fiscal year ends December CIK 0001756607
$11.20 -1.93% Close, 12 Oct 2026
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Price $11.20 +46.79% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 3 Aug 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue0.03Operating income−0.04Net income−0.07Fiscal year 2019Revenue0.28 +834.0%Operating income0.06Net income−0.02EPS, diluted−0.16Fiscal year 2020Revenue0.85 +200.1%Operating income0.17Net income0.02EPS, diluted0.10Fiscal year 2021Revenue1.08 +28.0%Operating income0.15Net income0.55 +2,578.0%EPS, diluted1.69Fiscal year 2022Revenue0.95 −12.0%Operating income0.01Net income−0.11 −119.1%EPS, diluted−0.35Fiscal year 2023Revenue1.09 +14.3%Operating income0.05Net income0.03EPS, diluted0.09Fiscal year 2024Revenue0.91 −16.1%Operating income0.15Net income0.34 +1,074.7%EPS, diluted0.75Fiscal year 2025Revenue1.82 +99.1%Operating income0.43Net income0.22 −34.7%EPS, diluted0.35
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.03 0.28 0.85 1.08 0.95 1.09 0.91 1.82
Growth +834.0% +200.1% +28.0% −12.0% +14.3% −16.1% +99.1%
Operating income −0.04 0.06 0.17 0.15 0.01 0.05 0.15 0.43
Net income −0.07 −0.02 0.02 0.55 −0.11 0.03 0.34 0.22
Growth +2,578.0% −119.1% +1,074.7% −34.7%
EPS, diluted n/a −0.16 0.10 1.69 −0.35 0.09 0.75 0.35

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Operating margin−116.2%Net margin−217.3%Free cash flow margin−417.7%Fiscal year 2019Operating margin19.6%Net margin−6.5%Free cash flow margin−13.4%Fiscal year 2020Gross margin34.3%Operating margin20.5%Net margin2.5%Free cash flow margin9.6%Fiscal year 2021Gross margin21.3%Operating margin13.5%Net margin51.3%Free cash flow margin−2.2%Fiscal year 2022Gross margin8.9%Operating margin1.1%Net margin−11.1%Free cash flow margin−52.6%Fiscal year 2023Gross margin10.0%Operating margin4.6%Net margin2.7%Free cash flow margin−15.1%Fiscal year 2024Gross margin22.6%Operating margin16.6%Net margin37.2%Free cash flow margin−4.4%Fiscal year 2025Gross margin35.4%Operating margin23.8%Net margin12.2%Free cash flow margin6.9%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a 34.3% 21.3% 8.9% 10.0% 22.6% 35.4%
Operating margin −116.2% 19.6% 20.5% 13.5% 1.1% 4.6% 16.6% 23.8%
Net margin −217.3% −6.5% 2.5% 51.3% −11.1% 2.7% 37.2% 12.2%
Free cash flow margin −417.7% −13.4% 9.6% −2.2% −52.6% −15.1% −4.4% 6.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow−0.02Capital expenditure−0.10Free cash flow−0.13Fiscal year 2019Operating cash flow0.06Capital expenditure−0.10Free cash flow−0.04Fiscal year 2020Operating cash flow0.26Capital expenditure−0.17Free cash flow0.08Fiscal year 2021Operating cash flow0.32Capital expenditure−0.34Free cash flow−0.02 −128.9%Fiscal year 2022Operating cash flow0.06Capital expenditure−0.56Free cash flow−0.50Fiscal year 2023Operating cash flow0.36Capital expenditure−0.52Free cash flow−0.16Fiscal year 2024Operating cash flow0.37Capital expenditure−0.41Free cash flow−0.04Fiscal year 2025Operating cash flow0.82Capital expenditure−0.69Free cash flow0.13
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.02 0.06 0.26 0.32 0.06 0.36 0.37 0.82
Capital expenditure −0.10 −0.10 −0.17 −0.34 −0.56 −0.52 −0.41 −0.69
Free cash flow −0.13 −0.04 0.08 −0.02 −0.50 −0.16 −0.04 0.13
Growth −128.9%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash0.06Total debt0.21Net cash (debt)−0.15Shareholders’ equity0.39Debt to equity0.54Fiscal year 2019Cash0.07Total debt0.26Net cash (debt)−0.20Shareholders’ equity0.40Debt to equity0.66Fiscal year 2020Cash0.34Total debt0.55Net cash (debt)−0.20Shareholders’ equity1.45Debt to equity0.38Fiscal year 2021Cash0.31Total debt0.54Net cash (debt)−0.23Shareholders’ equity2.59Debt to equity0.21Fiscal year 2022Cash0.20Total debt0.83Net cash (debt)−0.63Shareholders’ equity2.35Debt to equity0.35Fiscal year 2023Cash0.19Total debt0.92Net cash (debt)−0.73Shareholders’ equity2.44Debt to equity0.38Fiscal year 2024Cash0.24Total debt1.35Net cash (debt)−1.11Shareholders’ equity3.40Debt to equity0.40Fiscal year 2025Cash0.43Total debt1.55Net cash (debt)−1.12Shareholders’ equity5.80Debt to equity0.27
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.06 0.07 0.34 0.31 0.20 0.19 0.24 0.43
Total debt 0.21 0.26 0.55 0.54 0.83 0.92 1.35 1.55
Net cash (debt) −0.15 −0.20 −0.20 −0.23 −0.63 −0.73 −1.11 −1.12
Shareholders’ equity 0.39 0.40 1.45 2.59 2.35 2.44 3.40 5.80
Debt to equity 0.54 0.66 0.38 0.21 0.35 0.38 0.40 0.27

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a 34.3% 21.3% 8.9% 10.0% 22.6% 35.4%
−116.2% 19.6% 20.5% 13.5% 1.1% 4.6% 16.6% 23.8%
−122.9% −4.7% 5.1% 49.4% −10.3% 1.4% 58.4% 7.2%
−217.3% −6.5% 2.5% 51.3% −11.1% 2.7% 37.2% 12.2%
−417.7% −13.4% 9.6% −2.2% −52.6% −15.1% −4.4% 6.9%
Spending
54.6% 7.1% 4.8% 4.9% 4.9% 4.2% 5.7% 5.8%
341.4% 34.6% 20.7% 31.8% 58.5% 48.1% 45.1% 38.1%
n/a n/a 48.3% −3.7% n/a −95.6% 51.2% 114.4%
Returns
−16.6% −4.6% 1.4% 21.5% −4.5% 1.2% 10.0% 3.8%
−8.8% −2.2% 0.8% 14.0% −2.7% 0.7% 5.1% 2.1%
Balance and payout
0.54 0.66 0.38 0.21 0.35 0.38 0.40 0.27
44.8% 52.0% 45.8% 34.8% 39.0% 43.9% 49.4% 45.0%