Electra Battery Materials (ELBM) Operating Expenses (2021 - 2025)
Electra Battery Materials (ELBM) posted Operating Expenses of $4.1 million for Q4 2025, up 39.1% sequentially from $2.9 million in Q3 2025, and up 53.74% YoY from $2.7 million in Q4 2024.
Electra Battery Materials (ELBM) Operating Expenses (2021 - 2025) Analysis & Trends
Electra Battery Materials has reported Operating Expenses for 5 years, with the latest figure at $4.1 million in Q4 2025.
- Quarterly Operating Expenses rose 53.74% year-over-year to $4.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $12.2 million (up 19.22% YoY) and the FY2025 annual result came in at $12.2 million, up 19.16% from the prior year.
- Operating Expenses rose to $4.1 million in Q4 2025 per ELBM's latest filing, from $2.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $5.2 million in Q4 2021 and troughed at $1.1 million in Q4 2023.
- A 5-year average of $3.0 million and a median of $2.9 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses sank 73.25% in 2023, then surged 143.61% in 2024.
- Over 5 years, Operating Expenses stood at $5.2 million in 2021, then dropped by 21.73% to $4.1 million in 2022, then tumbled by 73.25% to $1.1 million in 2023, then soared by 143.61% to $2.7 million in 2024, then soared by 53.74% to $4.1 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $4.1 million, $2.9 million, and $2.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 238.03 Bn | 208.58 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 32.48 Bn | 27.27 Bn | 1.21 Bn | -63.62 Mn |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | 158.10 Mn |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | 15.85 Mn |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 49.21 Mn |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | 12.41 Mn |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | 44.73 Mn |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | 12.07 Mn |
| 10 | Electra Battery Materials | 19.39 Mn | -6.54 Mn | - | 2.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 2.95 Mn |
| Mar 31, 2021 | 1.78 Mn |