Cleveland-Cliffs (CLF) Operating Expenses (2009 - 2026)

Cleveland-Cliffs (CLF) has 18 years of Operating Expenses data on file, last reported at $5.1 billion in Q1 2026.

• Operating Expenses for Q1 2026 came in at $5.1 billion, down 0.72% year-over-year; the trailing twelve-month figure through Mar 2026 was $20.1 billion (up 1.36% YoY), and the FY2025 annual result was $20.2 billion, up 1.21% from the prior year.
• Operating Expenses improved to $5.1 billion in Q1 2026 per CLF's latest filing, from $4.6 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $5.5 billion in Q2 2023 and troughed at $4.6 billion in Q4 2025.
• A 5-year average of $5.2 billion and a median of $5.2 billion in 2022 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 38.19% in 2022, then declined 8.52% in 2024.
• A 5-year view of Operating Expenses shows it stood at $5.2 billion in 2022, then advanced by 0.08% to $5.2 billion in 2023, then dropped by 8.41% to $4.8 billion in 2024, then retreated by 3.05% to $4.6 billion in 2025, then rose by 10.57% to $5.1 billion in 2026.
• Business Quant data shows CLF's Operating Expenses at $5.1 billion in Q1 2026, $4.6 billion in Q4 2025, and $4.9 billion in Q3 2025.