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
DateValue
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