First Majestic Silver (AG) Cost of Revenue (2010 - 2025)
First Majestic Silver (AG) reported Cost of Revenue of -$222.9 million for Q4 2025, down 349.24% on a YoY basis from $89.4 million in Q4 2024, and down 157.15% quarter-over-quarter from $390.0 million in Q3 2025.
First Majestic Silver (AG) Cost of Revenue (2010 - 2025) Analysis & Trends
First Majestic Silver has reported Cost of Revenue for 16 years, with the latest figure at -$222.9 million in Q4 2025.
- For the quarter ending Q4 2025, Cost of Revenue fell 349.24% year-over-year to -$222.9 million; the trailing twelve-month figure through Dec 2025 stood at $543.7 million (up 57.72% YoY), and the FY2025 full-year result was $543.7 million, up 57.72% from the prior year.
- Cost of Revenue for Q4 2025 stood at -$222.9 million, down from $390.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $390.0 million in Q3 2025, with the low at -$222.9 million in Q4 2025.
- Historically, Cost of Revenue has averaged $106.8 million across 5 years, with a median of $100.2 million in 2021.
- The largest YoY upside for Cost of Revenue was 355.08% in 2025 against a maximum downside of 349.24% in 2025.
- First Majestic Silver's Cost of Revenue stood at $121.2 million in 2021, then advanced by 4.05% to $126.1 million in 2022, then retreated by 29.13% to $89.4 million in 2023, then rose by 0.03% to $89.4 million in 2024, then tumbled by 349.24% to -$222.9 million in 2025.
- The last three Cost of Revenue figures came in at -$222.9 million (Q4 2025), $390.0 million (Q3 2025), and $258.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | First Majestic Silver | 54.32 Bn | 53.75 Bn | -65.31 Mn | -222.88 Mn |
| 2 | Silvercorp Metals | 2.47 Bn | 2.11 Bn | 77.07 Mn | 29.04 Mn |
| 3 | Highlander Silver | 1.88 Bn | 1.80 Bn | 74,000.00 | 12.46 Mn |
| 4 | Endeavour Silver | 1,974.55 | -232.10 Mn | 93.50 Mn | 11.20 Mn |
| 5 | New Pacific Metals | 91.50 | -41.94 Mn | - | - |
| 6 | Bunker Hill Mining | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -222.88 Mn |
| Dec 31, 2025 | -222.88 Mn |
| Sep 30, 2025 | 389.98 Mn |
| Sep 30, 2025 | 389.98 Mn |
| Jun 30, 2025 | 258.86 Mn |
| Jun 30, 2025 | 258.86 Mn |
| Mar 31, 2025 | 117.72 Mn |
| Mar 31, 2025 | 117.72 Mn |
| Dec 31, 2024 | 89.42 Mn |
| Dec 31, 2024 | 89.42 Mn |
| Sep 30, 2024 | 85.69 Mn |
| Sep 30, 2024 | 85.69 Mn |
| Jun 30, 2024 | 89.10 Mn |
| Jun 30, 2024 | 89.10 Mn |
| Mar 31, 2024 | 80.49 Mn |
| Mar 31, 2024 | 80.49 Mn |
| Dec 31, 2023 | 89.40 Mn |
| Dec 31, 2023 | 89.40 Mn |
| Sep 30, 2023 | 92.19 Mn |
| Sep 30, 2023 | 92.19 Mn |