Lithium Argentina AG (LAR) Operating Expenses (2017 - 2025)
Lithium Argentina AG (LAR) reported Operating Expenses of -$46.7 million for Q4 2025, down 16.75% on a YoY basis from -$56.1 million in Q4 2024, and up 9.32% quarter-over-quarter from -$51.5 million in Q3 2025.
Lithium Argentina AG (LAR) Operating Expenses (2017 - 2025) Analysis & Trends
Lithium Argentina AG has reported Operating Expenses for 9 years, with the latest figure at -$46.7 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses fell 16.75% year-over-year to -$46.7 million; the trailing twelve-month figure through Dec 2025 stood at -$77.5 million (down 28.52% YoY), and the FY2025 full-year result was -$77.5 million, down 28.31% from the prior year.
- Operating Expenses for Q4 2025 stood at -$46.7 million, up from -$51.5 million in the prior quarter.
- The five-year high for Operating Expenses was $43.0 million in Q4 2021, with the low at -$51.5 million in Q3 2025.
- Historically, Operating Expenses has averaged -$6.5 million across 5 years, with a median of -$8.6 million in 2023.
- The largest YoY upside for Operating Expenses was 212.77% in 2025 against a maximum downside of 25850.0% in 2025.
- Lithium Argentina AG's Operating Expenses stood at $43.0 million in 2021, then sank by 33.44% to $28.6 million in 2022, then tumbled by 39.9% to $17.2 million in 2023, then slumped by 332.76% to -$40.0 million in 2024, then decreased by 16.75% to -$46.7 million in 2025.
- The last three Operating Expenses figures came in at -$46.7 million (Q4 2025), -$51.5 million (Q3 2025), and $10.6 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 | Lithium Argentina AG | 14.02 Mn | -47.08 Mn | - | -46.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -46.70 Mn |
| Sep 30, 2025 | -51.50 Mn |
| Jun 30, 2025 | 10.60 Mn |
| Mar 31, 2025 | 10.10 Mn |
| Dec 31, 2024 | -40.00 Mn |
| Sep 30, 2024 | 200,000.00 |
| Jun 30, 2024 | -9.40 Mn |
| Mar 31, 2024 | -11.10 Mn |
| Dec 31, 2023 | 17.19 Mn |
| Sep 30, 2023 | 4.50 Mn |
| Jun 30, 2023 | -10.46 Mn |
| Mar 31, 2023 | -7.75 Mn |
| Dec 31, 2022 | 28.60 Mn |
| Sep 30, 2022 | -4.87 Mn |
| Jun 30, 2022 | -17.24 Mn |
| Mar 31, 2022 | -13.42 Mn |
| Dec 31, 2021 | 42.96 Mn |
| Sep 30, 2021 | -13.93 Mn |
| Jun 30, 2021 | -11.35 Mn |
| Mar 31, 2021 | -6.82 Mn |