EQX FINANCIAL STATEMENTS

Equinox Gold Corp — balance sheet, income statement and cash flow trends

EQXEquinox Gold Corp

🇨🇦 Canada · TO · Basic Materials · Gold

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue2.8 B $+67.5%

Gross Profit1.2 B $+166.9%

Operating Income985 M $+298.0%

EBITDA1.4 B $+48.6%

Net Income619.1 M $+102.0%

Peer Comparison· Gold

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
EQX	67.5%	42.5%	48.6%	21.8%
SSRM	75.1%	55.8%	43.0%	12.2%
GGP	11,100.4%	51.7%	52.6%	33.5%
GMD	149.7%	44.2%	51.6%	28.5%
CMM	66.8%	57.9%	53.2%	36.2%
RMS	13.3%	57.1%	71.7%	24.7%
Industry median	60.5%	52.6%	53.8%	31.1%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
EQX	67.5%	42.5%	48.6%	21.8%
DPM	79.7%	60.6%	64.8%	47.1%
IMG	93.2%	47.9%	57.7%	29.5%
NGD	61.1%	51.5%	54.4%	58.2%
ELD	40.5%	49.4%	53.8%	28.7%
SSRM	75.9%	52.6%	44.0%	12.3%
Industry median	60.5%	52.6%	53.8%	31.1%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity6.1 B $63%
Current Liabilities797.8 M $8%
Long-term Liabilities2.7 B $28%

Key Figures

YoY change

Total Assets9.7 B $+44.8%

Total Liabilities3.5 B $+5.5%

Total Equity6.1 B $+84.3%

Cash & ST Investments499.6 M $+180.3%

Total Debt614.7 M $-55.9%

Net Debt251.8 M $-79.4%

Peer Comparison· Gold

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
EQX	1.24	10.0%	0.08	63.4%
SSRM	5.33	1.9%	-0.74	61.1%
GGP	2.48	2.3%	-0.92	63.4%
GMD	2.48	7.1%	-0.32	75.4%
CMM	3.54	3.5%	-1.17	78.6%
RMS	3.30	3.9%	-0.59	86.2%
Industry median	2.84	8.1%	-0.29	70.4%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
EQX	1.24	10.0%	0.08	63.4%
DPM	4.34	—	—	84.5%
IMG	1.89	15.0%	0.05	72.3%
NGD	1.32	20.7%	0.08	60.1%
ELD	1.62	28.8%	0.57	64.5%
SSRM	5.33	1.9%	-0.72	61.1%
Industry median	2.84	8.1%	-0.29	70.4%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow935.6 M $+128.9%

Capital Expenditures787.2 M $+96.3%

Free Cash Flow148.4 M $+1,837.1%

Dividends Paid-11.6 M $—

Peer Comparison· Gold

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
EQX	32.9%	5.2%	27.7%	151.1%
SSRM	34.3%	25.5%	13.7%	282.3%
GGP	66.4%	46.7%	19.6%	198.0%
GMD	47.6%	31.0%	16.6%	167.1%
CMM	59.2%	36.3%	22.9%	163.5%
RMS	52.0%	36.1%	15.9%	210.2%
Industry median	47.9%	27.8%	18.0%	150.7%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
EQX	32.9%	5.2%	27.7%	151.1%
DPM	53.9%	51.6%	2.3%	114.5%
IMG	47.6%	37.3%	10.3%	161.1%
NGD	59.4%	19.7%	39.6%	102.1%
ELD	34.9%	-16.1%	51.0%	121.6%
SSRM	34.4%	20.0%	14.4%	280.5%
Industry median	47.9%	27.8%	18.0%	150.7%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.