First Majestic Silver (AG) Cost of Revenue (2010 - 2026)
First Majestic Silver's (AG) quarterly Cost of Revenue came in at $143.5 million in Q2 2026, up 1.65% YoY from $141.1 million in Q2 2025, and down 6.65% on a QoQ basis from $153.7 million in Q4 2025.
First Majestic Silver (AG) Cost of Revenue (2010 - 2026) Analysis & Trends
First Majestic Silver (AG) has 17 years of Cost of Revenue data on file, last reported at $143.5 million in Q2 2026.
- Quarterly Cost of Revenue rose 1.65% year-over-year to $143.5 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $569.4 million (up 31.21% YoY) and the FY2025 annual result came in at $543.7 million, up 57.72% from the prior year.
- Cost of Revenue slipped to $143.5 million in Q2 2026, from $153.7 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $153.7 million in Q4 2025 to a low of $80.5 million in Q1 2024.
- A 5-year average of $112.6 million and a median of $113.6 million in 2022 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 94.9% — and 2024, when it slumped 35.02%.
- Tracing AG's Cost of Revenue over 5 years: stood at $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 surged by 71.87% to $153.7 million in 2025, then decreased by 6.65% to $143.5 million in 2026.
- The last three Cost of Revenue figures came in at $143.5 million (Q2 2026), $153.7 million (Q4 2025), and $131.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | First Majestic Silver | 10.40 Bn | 9.15 Bn | 223.62 Mn | 143.47 Mn |
| 2 | Endeavour Silver | 3.14 Bn | 2.91 Bn | 74.00 Mn | 138.10 Mn |
| 3 | Silvercorp Metals | 2.77 Bn | 2.38 Bn | 84.75 Mn | 34.62 Mn |
| 4 | New Pacific Metals | 1.22 Bn | 1.18 Bn | - | - |
| 5 | Highlander Silver | 1.08 Bn | 981.86 Mn | 491,000.00 | 25.24 Mn |
| 6 | Bunker Hill Mining | 165.73 Mn | 165.73 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 143.47 Mn |
| Jun 30, 2026 | 143.47 Mn |
| Dec 31, 2025 | 153.69 Mn |
| Dec 31, 2025 | 153.69 Mn |
| Sep 30, 2025 | 131.12 Mn |
| Sep 30, 2025 | 131.12 Mn |
| Jun 30, 2025 | 141.14 Mn |
| Jun 30, 2025 | 141.14 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 |