Equinox Gold Financial Statements
NYSE: EQXBasic MaterialsPrecious MetalsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Equinox Gold revenue and earnings
In fiscal 2025, Equinox Gold generated $1.82 billion in revenue, up 99.1% from fiscal 2024. Net income was $221.5 million (-34.7% year over year), for a net margin of 12.2% versus a median of 2.7% in the prior 5 years. Gross margin was 35.4% (up from 22.6%) and operating margin 23.8%.
Diluted earnings per share came in at $0.35, down from $0.75. Over the last 5 fiscal years, EQX's revenue has grown at a 16.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Equinox Gold income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.82B | 912.84M | 1.09B | 952.20M | 1.08B | 845.39M | 281.70M | 30.16M |
| Revenue growth (YoY) | +99.07% | -16.11% | +14.28% | -12.02% | +28.02% | +200.11% | +834.04% | — |
| Cost of Revenue | 1.17B | 706.72M | 979.21M | 867.23M | 851.70M | 555.21M | — | — |
| Gross Profit | 642.91M | 206.12M | 108.98M | 84.97M | 230.59M | 290.18M | — | — |
| Operating Expenses | 834.59M | 596.92M | 764.23M | 680.05M | 654.80M | 423.29M | 159.20M | 19.03M |
| Operating Income | 432.34M | 151.70M | 49.62M | 10.39M | 146.47M | 172.96M | 55.12M | -35.05M |
| Interest Expense | 179.29M | 91.30M | 60.20M | 40.35M | 41.55M | 39.75M | 17.54M | 6.70M |
| Pretax Income | 131.37M | 533.31M | 14.77M | -98.41M | 535.03M | 43.10M | -13.19M | -37.07M |
| Income Tax | 150.23M | 273.02M | -14.12M | 7.62M | -19.85M | 20.81M | 7.14M | 2.33M |
| Net Income | 221.47M | 339.29M | 28.88M | -106.03M | 554.89M | 20.72M | -18.36M | -65.53M |
| Net Income growth (YoY) | -34.72% | +1074.65% | — | -119.11% | +2578.04% | — | — | — |
| EPS (Basic) | 0.35 | 0.85 | 0.09 | -0.35 | 1.95 | 0.10 | -0.16 | — |
| EPS (Diluted) | 0.35 | 0.75 | 0.09 | -0.35 | 1.69 | 0.10 | -0.16 | — |
| Shares Outstanding (Basic) | 630.31M | 400.11M | 312.77M | 304.00M | 284.93M | 212.49M | 112.00M | — |
| Shares Outstanding (Diluted) | 630.31M | 473.55M | 316.30M | 304.00M | 333.73M | 218.41M | 112.00M | 92.34M |
| EBITDA | 949.86M | 374.32M | 265.74M | 199.23M | 344.61M | 325.14M | 94.25M | -30.27M |
| Gross Margin | 35.38% | 22.58% | 10.02% | 8.92% | 21.31% | 34.33% | — | — |
| Operating Margin | 23.79% | 16.62% | 4.56% | 109.00% | 13.53% | 20.46% | 19.57% | -116.20% |
| Net Margin | 12.19% | 37.17% | 2.65% | -11.13% | 51.27% | 2.45% | -6.52% | -217.30% |
This table shows 8 annual periods of Equinox Gold's income statement, from FY 2025 back to FY 2018, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow EQX's reporting calendar. What is a income statement?