Gold Royalty (GROY) Operating Expenses (2020 - 2026)

Gold Royalty (GROY) reported Operating Expenses of -$2.1 million for Q1 2026, down 16.81% on a YoY basis from -$2.5 million in Q1 2025, and down 116.43% quarter-over-quarter from $12.8 million in Q4 2025.

Gold Royalty (GROY) Operating Expenses (2020 - 2026) Analysis & Trends

Gold Royalty has reported Operating Expenses for 7 years, with the latest figure at -$2.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 16.81% year-over-year to -$2.1 million; the trailing twelve-month figure through Mar 2026 stood at $7.2 million (down 18.02% YoY), and the FY2025 full-year result was $7.5 million, down 10.21% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$2.1 million, down from $12.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $14.2 million in Q4 2024, with the low at -$3.7 million in Q3 2022.
  • Historically, Operating Expenses has averaged -$255882.4 across 5 years, with a median of -$1.8 million in 2023.
  • Annual changes were most pronounced in 2023 — Operating Expenses slumped 5177.42% — and 2024, when it jumped 802.33%.
  • Gold Royalty's Operating Expenses stood at -$2.9 million in 2022, then surged by 31.39% to -$2.0 million in 2023, then jumped by 802.33% to $14.2 million in 2024, then dropped by 9.54% to $12.8 million in 2025, then plunged by 116.43% to -$2.1 million in 2026.
  • The last three Operating Expenses figures came in at -$2.1 million (Q1 2026), $12.8 million (Q4 2025), and -$1.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -4.48 Mn
2 Barrick Mining 1,048.41 Bn 1,051.14 Bn 3.12 Bn 155.00 Mn
3 Wheaton Precious Metals 429.35 Bn 428.20 Bn 699.37 Mn 76.85 Mn
4 Alamos Gold 144.86 Bn 144.19 Bn 442.20 Mn 19.40 Mn
5 Gold Fields 136.49 Bn 134.71 Bn - -
6 Kinross Gold 110.14 Bn 107.96 Bn 1.44 Bn 83.10 Mn
7 Newmont 106.92 Bn 98.31 Bn 7.29 Bn 2.84 Bn
8 Equinox Gold 51.34 Bn 50.84 Bn - 300,000.00
9 AngloGold Ashanti 47.89 Bn 44.92 Bn 1.94 Bn 999.00 Mn
10 Gold Royalty 2.19 Bn 2.18 Bn 5.50 Mn -2.11 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -2.11 Mn
Dec 31, 2025 12.81 Mn
Sep 30, 2025 -1.71 Mn
Jun 30, 2025 -1.82 Mn
Mar 31, 2025 -1.80 Mn
Dec 31, 2024 14.17 Mn
Sep 30, 2024 -1.96 Mn
Jun 30, 2024 -1.64 Mn
Mar 31, 2024 -2.24 Mn
Dec 31, 2023 -2.02 Mn
Sep 30, 2023 -1.64 Mn
Jun 30, 2023 -1.82 Mn
Mar 31, 2023 -3.27 Mn
Dec 31, 2022 -2.94 Mn
Sep 30, 2022 -3.68 Mn
Jun 30, 2022 -2.62 Mn
Mar 31, 2022 -62,000.00
Dec 31, 2021 223,000.00
Jun 30, 2021 -1.20 Mn
Mar 31, 2021 289,573.00