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| 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 | 3.04 Mn |
| Mar 31, 2021 | 1.83 Mn |