Lithium Argentina AG (LAR) Operating Expenses (2017 - 2025)
Lithium Argentina AG's (LAR) quarterly Operating Expenses came in at -$46.7 million in Q4 2025, down 1197.22% YoY from $4.3 million in Q4 2024, and up 9.14% on a QoQ basis from -$51.4 million in Q3 2025.
Lithium Argentina AG (LAR) Operating Expenses (2017 - 2025) Analysis & Trends
Lithium Argentina AG (LAR) has 9 years of Operating Expenses data on file, last reported at -$46.7 million in Q4 2025.
- Quarterly Operating Expenses fell 1197.22% year-over-year to -$46.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$77.5 million (down 222.92% YoY) and the FY2025 annual result came in at -$77.5 million, down 28.31% from the prior year.
- Operating Expenses grew to -$46.7 million in Q4 2025, from -$51.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $79.4 million in Q4 2021 to a low of -$51.4 million in Q3 2025.
- A 5-year average of -$2.4 million and a median of -$5.0 million in 2022 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 211.7% in 2025, down 51500.0% in 2025.
- Tracing LAR's Operating Expenses over 5 years: stood at $79.4 million in 2021, then slumped by 63.64% to $28.9 million in 2022, then decreased by 29.16% to $20.5 million in 2023, then tumbled by 117.59% to -$3.6 million in 2024, then sank by 1197.22% to -$46.7 million in 2025.
- The last three Operating Expenses figures came in at -$46.7 million (Q4 2025), -$51.4 million (Q3 2025), and $10.5 million (Q2 2025), per Business Quant data.
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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 | Lithium Argentina AG | 970.60 Mn | 909.50 Mn | - | 39.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -46.70 Mn |
| Sep 30, 2025 | -51.40 Mn |
| Jun 30, 2025 | 10.50 Mn |
| Mar 31, 2025 | 10.10 Mn |
| Dec 31, 2024 | -3.60 Mn |
| Sep 30, 2024 | 100,000.00 |
| Jun 30, 2024 | -9.40 Mn |
| Mar 31, 2024 | -11.10 Mn |
| Dec 31, 2023 | 20.46 Mn |
| Sep 30, 2023 | 4.50 Mn |
| Jun 30, 2023 | -11.11 Mn |
| Mar 31, 2023 | -5.80 Mn |
| Dec 31, 2022 | 28.88 Mn |
| Sep 30, 2022 | -4.27 Mn |
| Jun 30, 2022 | -23.35 Mn |
| Mar 31, 2022 | -2.54 Mn |
| Dec 31, 2021 | 79.44 Mn |
| Sep 30, 2021 | -14.18 Mn |
| Jun 30, 2021 | -11.50 Mn |
| Mar 31, 2021 | -7.02 Mn |