Adecoagro (AGRO) Operating Expenses (2009 - 2026)
Adecoagro (AGRO) posted quarterly Operating Expenses of -$35.8 million for Q1 2026, down 10.98% year-on-year from -$40.2 million in Q1 2025, and down 11.58% on a QoQ basis from -$32.1 million in Q4 2025.
Adecoagro (AGRO) Operating Expenses (2009 - 2026) Analysis & Trends
Adecoagro (AGRO) has reported Operating Expenses for 18 consecutive years, with -$35.8 million the latest figure, recorded in Q1 2026.
- Quarterly Operating Expenses fell 10.98% year-over-year to -$35.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$157.9 million (down 59.92% YoY) and the FY2025 annual result came in at $122.1 million, up 17.56% from the prior year.
- Operating Expenses fell to -$35.8 million in Q1 2026 per AGRO's latest filing, from -$32.1 million in the prior quarter.
- Over the last five years, Operating Expenses for AGRO reached as high as -$4.3 million in Q4 2023 and fell as low as -$71.0 million in Q2 2025.
- A 5-year average of -$26.8 million and a median of -$22.5 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses surged 79.34% — and 2024, when it slumped 476.1%.
- Year by year, Operating Expenses stood at -$20.9 million in 2022, then jumped by 79.34% to -$4.3 million in 2023, then sank by 476.1% to -$24.9 million in 2024, then retreated by 28.83% to -$32.1 million in 2025, then slipped by 11.58% to -$35.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$35.8 million, -$32.1 million, and -$19.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Archer-Daniels-Midland | 41.79 Bn | 41.18 Bn | 1.22 Bn | 973.00 Mn |
| 2 | Bunge Global | 23.70 Bn | 22.91 Bn | 766.00 Mn | 531.00 Mn |
| 3 | Cal-Maine Foods | 4.20 Bn | 4.10 Bn | 34.07 Mn | 93.59 Mn |
| 4 | Del Monte | 1.35 Bn | 1.29 Bn | 89.00 Mn | 51.10 Mn |
| 5 | Dole | 1.34 Bn | 1.09 Bn | 184.99 Mn | 123.78 Mn |
| 6 | Adecoagro | 1.10 Bn | 1.06 Bn | 97.80 Mn | -35.83 Mn |
| 7 | Vital Farms | 568.49 Mn | 531.53 Mn | 53.01 Mn | 55.34 Mn |
| 8 | Alico | 298.33 Mn | 250.20 Mn | -4.59 Mn | 3.23 Mn |
| 9 | Forafric Global | 283.29 Mn | 284.32 Mn | - | - |
| 10 | Limoneira | 240.76 Mn | 259.12 Mn | 21.52 Mn | 45.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -35.83 Mn |
| Dec 31, 2025 | -32.11 Mn |
| Sep 30, 2025 | -19.05 Mn |
| Jun 30, 2025 | -70.97 Mn |
| Mar 31, 2025 | -32.28 Mn |
| Dec 31, 2024 | -24.92 Mn |
| Sep 30, 2024 | -8.40 Mn |
| Jun 30, 2024 | -33.16 Mn |
| Mar 31, 2024 | -21.68 Mn |
| Dec 31, 2023 | -4.33 Mn |
| Sep 30, 2023 | -19.96 Mn |
| Jun 30, 2023 | -46.04 Mn |
| Mar 31, 2023 | -21.48 Mn |
| Dec 31, 2022 | -20.94 Mn |
| Sep 30, 2022 | -23.70 Mn |
| Jun 30, 2022 | -22.55 Mn |
| Mar 31, 2022 | -18.74 Mn |
| Dec 31, 2021 | -69.79 Mn |
| Sep 30, 2021 | -18.12 Mn |
| Jun 30, 2021 | -31.10 Mn |