Equinox Gold Corp. (EQX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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EQX Revenue Growth
Revenue Breakdown (FY 2021)
EQX's revenue distribution by segment and geography for fiscal year 2021
By Product/Segment
By Geography
EQX Revenue Analysis (2014–2025)
As of May 8, 2026, Equinox Gold Corp. (EQX) generated trailing twelve-month (TTM) revenue of $1.85 billion, reflecting significant decline in growth of -76.2% year-over-year. The most recent quarter (Q4 2025) recorded $136.7 million in revenue, down 83.1% sequentially.
Looking at the longer-term picture, EQX's 5-year compound annual growth rate (CAGR) stands at +16.9%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.85 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows EQX's business is primarily driven by Gold (100%), and Silver (0%). With over half of revenue concentrated in Gold, the company maintains significant focus in this area while developing other growth vectors.
When compared to Basic Materials sector peers including KGC (+42.7% YoY), IAG (+93.2% YoY), and CDE (+113.7% YoY), EQX has underperformed the peer group in terms of revenue growth. Compare EQX vs KGC →
EQX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| EQXCurrent | $1.8B | -76.2% | +16.9% | 23.8% | |
 KGC | $7.2B | +42.7% | +11.2% | 43.2% | |
 IAG | $2.9B | +93.2% | +18.5% | 38.9% | |
 CDE | $2.1B | +113.7% | +21.4% | 36.3% | |
 NGD | $1.5B | +58.2% | +18.1% | 44.4% | |
 BTG | $3.1B | +60.9% | +11.3% | 45.9% |
EQX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.85B | +22.1% | $462.2M | 25.0% | $439.9M | 23.8% |
| 2024 | $1.51B | +39.1% | $304.0M | 20.1% | $238.0M | 15.7% |
| 2023 | $1.09B | +14.3% | $109.0M | 10.0% | $49.6M | 4.6% |
| 2022 | $952.2M | -12.0% | $85.0M | 8.9% | $10.4M | 1.1% |
| 2021 | $1.08B | +28.0% | $230.6M | 21.3% | $146.5M | 13.5% |
| 2020 | $845.4M | +200.1% | $290.2M | 34.3% | $173.0M | 20.5% |
| 2019 | $281.7M | +834.0% | $83.9M | 29.8% | $55.1M | 19.6% |
| 2018 | $30.2M | +95.0% | $8.0M | 26.6% | $-33,942,000 | -112.5% |
| 2017 | $15.5M | +1347.0% | $-12,186,000 | -78.8% | $-31,213,000 | -201.8% |
| 2016 | $1.1M | - | $-1,224,000 | -114.5% | $-3,397,000 | -317.8% |
Full EQX Stock Analysis
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Start ComparisonEQX — Frequently Asked Questions
Quick answers to the most common questions about buying EQX stock.
Is EQX's revenue growth accelerating or slowing?
EQX revenue declined -76.2% year-over-year, contrasting with the 5-year CAGR of +16.9%. TTM revenue fell to $1.8B. This reverses the prior growth trend.
What is EQX's long-term revenue growth rate?
Equinox Gold Corp.'s 5-year revenue CAGR of +16.9% reflects the variable expansion pattern. Current YoY growth of -76.2% is below this long-term average.
How is EQX's revenue distributed by segment?
EQX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.