Foremost Clean Energy (FMST) Operating Expenses (2022 - 2025)

Foremost Clean Energy's (FMST) quarterly Operating Expenses came in at -$2.8 million in Q4 2025, down 4962.57% year-on-year from $57559.3 in Q4 2024, and down 8237.17% quarter-over-quarter from $34396.0 in Q3 2025.

Foremost Clean Energy (FMST) Operating Expenses (2022 - 2025) Analysis & Trends

Foremost Clean Energy has disclosed Operating Expenses across 4 years of filings, most recently posting -$2.8 million for Q4 2025.

  • Operating Expenses for Q4 2025 came in at -$2.8 million, down 4962.57% year-over-year; the trailing twelve-month figure through Dec 2025 was -$2.7 million (down 1598.76% YoY), and the FY2023 annual result was $289078.5, down 87.2% from the prior year.
  • Operating Expenses came in at -$2.8 million for Q4 2025 at Foremost Clean Energy, down from $34396.0 in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $2.3 million in Q1 2022 to a low of -$2.8 million in Q4 2025.
  • The 4-year median for Operating Expenses is $374586.2 (2023), against an average of $317062.0.
  • Peak annual rise in Operating Expenses reached 45.15% in 2025, while the deepest fall reached 4962.57% in 2025.
  • Foremost Clean Energy's Operating Expenses stood at $1.3 million in 2022, then sank by 58.27% to $557761.5 in 2023, then plunged by 89.68% to $57559.3 in 2024, then tumbled by 4962.57% to -$2.8 million in 2025.
  • The last three Operating Expenses figures came in at -$2.8 million (Q4 2025), $34396.0 (Q3 2025), and $84005.2 (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 Foremost Clean Energy 64.08 Mn 61.15 Mn - -2.80 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -2.80 Mn
Sep 30, 2025 34,395.99
Jun 30, 2025 84,005.17
Dec 31, 2024 57,559.28
Sep 30, 2024 63,410.59
Jun 30, 2024 57,874.89
Dec 31, 2023 557,761.47
Sep 30, 2023 766,313.77
Jun 30, 2023 460,093.96
Mar 31, 2023 289,078.52
Dec 31, 2022 1.34 Mn
Sep 30, 2022 676,498.68
Jun 30, 2022 595,756.14
Mar 31, 2022 2.26 Mn