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
DateValue
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