Electra Battery Materials (ELBM) Operating Expenses (2021 - 2025)

Electra Battery Materials' (ELBM) quarterly Operating Expenses came in at $4.1 million in Q4 2025, up 53.74% year-on-year from $2.7 million in Q4 2024, and up 39.1% quarter-over-quarter from $2.9 million in Q3 2025.

Electra Battery Materials (ELBM) Operating Expenses (2021 - 2025) Analysis & Trends

Electra Battery Materials has disclosed Operating Expenses across 5 years of filings, most recently posting $4.1 million for Q4 2025.

  • Operating Expenses for Q4 2025 came in at $4.1 million, up 53.74% year-over-year; the trailing twelve-month figure through Dec 2025 was $12.2 million (up 19.22% YoY), and the FY2025 annual result was $12.2 million, up 19.16% from the prior year.
  • Operating Expenses came in at $4.1 million for Q4 2025 at Electra Battery Materials, up from $2.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $5.2 million in Q4 2021 to a low of $1.1 million in Q4 2023.
  • The 5-year median for Operating Expenses is $2.9 million (2023), against an average of $3.0 million.
  • Across the five-year window, Operating Expenses sank 73.25% in 2023 and soared 143.61% in 2024, its largest moves.
  • Electra Battery Materials' Operating Expenses stood at $5.2 million in 2021, then fell by 21.74% to $4.1 million in 2022, then tumbled by 73.25% to $1.1 million in 2023, then jumped by 143.61% to $2.7 million in 2024, then jumped by 53.74% to $4.1 million in 2025.
  • The last three Operating Expenses figures came in at $4.1 million (Q4 2025), $2.9 million (Q3 2025), and $2.5 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - -
2 Bhp 421.29 Bn 411.77 Bn - -
3 Skeena Resources 17.36 Bn 17.34 Bn - 15.97 Mn
4 Ioneer 10.78 Bn 10.76 Bn - 209.01 Mn
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 157.04 Mn
6 Iperionx 8.57 Bn 8.52 Bn - -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 44.65 Mn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn -11.78 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn 57.09 Mn
10 Electra Battery Materials 45.75 Mn 17.76 Mn - 4.10 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 4.10 Mn
Sep 30, 2025 2.95 Mn
Jun 30, 2025 2.51 Mn
Mar 31, 2025 2.62 Mn
Dec 31, 2024 2.67 Mn
Sep 30, 2024 2.57 Mn
Jun 30, 2024 2.50 Mn
Mar 31, 2024 2.48 Mn
Dec 31, 2023 1.10 Mn
Sep 30, 2023 3.11 Mn
Jun 30, 2023 3.36 Mn
Mar 31, 2023 2.82 Mn
Dec 31, 2022 4.09 Mn
Sep 30, 2022 3.69 Mn
Jun 30, 2022 3.06 Mn
Mar 31, 2022 1.95 Mn
Dec 31, 2021 5.23 Mn
Sep 30, 2021 5.20 Mn
Jun 30, 2021 3.04 Mn
Mar 31, 2021 1.83 Mn