Largo (LGO) Operating Expenses (2020 - 2026)
Largo (LGO) posted quarterly Operating Expenses of -$34.5 million for Q1 2026, up 18.79% year-over-year from -$29.0 million in Q1 2025, and down 33.74% quarter-over-quarter from -$25.8 million in Q4 2025.
Largo (LGO) Operating Expenses (2020 - 2026) Analysis & Trends
Largo's Operating Expenses history runs 7 years deep, the most recent figure standing at -$34.5 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 18.79% year-over-year to -$34.5 million; the TTM figure through Mar 2026 stood at -$124.7 million (down 59.41% YoY), while the FY2025 annual figure was $132.6 million, down 32.38% from the prior year.
- Operating Expenses for Q1 2026 stood at -$34.5 million, down from -$25.8 million in the prior quarter.
- The five-year high for Operating Expenses was $30.2 million in Q4 2024, with the low at -$50.7 million in Q2 2022.
- The 5-year median for Operating Expenses is -$42.5 million (2025), against an average of -$35.3 million.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 165.74% in 2024, then sank 185.42% in 2025.
- Largo's Operating Expenses stood at -$44.5 million in 2022, then fell by 3.32% to -$45.9 million in 2023, then jumped by 165.74% to $30.2 million in 2024, then sank by 185.42% to -$25.8 million in 2025, then tumbled by 33.74% to -$34.5 million in 2026.
- Business Quant data shows LGO's Operating Expenses at -$34.5 million in Q1 2026, -$25.8 million in Q4 2025, and -$34.3 million in Q3 2025.
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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 | Largo | 66,377.06 | -10.03 Mn | 44.00 Mn | -893,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -34.49 Mn |
| Dec 31, 2025 | -25.79 Mn |
| Sep 30, 2025 | -34.31 Mn |
| Jun 30, 2025 | -30.06 Mn |
| Mar 31, 2025 | -42.48 Mn |
| Dec 31, 2024 | 30.19 Mn |
| Sep 30, 2024 | -29.54 Mn |
| Jun 30, 2024 | -36.38 Mn |
| Mar 31, 2024 | -49.71 Mn |
| Dec 31, 2023 | -45.93 Mn |
| Sep 30, 2023 | -42.58 Mn |
| Jun 30, 2023 | -43.03 Mn |
| Mar 31, 2023 | -45.93 Mn |
| Dec 31, 2022 | -44.46 Mn |
| Sep 30, 2022 | -45.60 Mn |
| Jun 30, 2022 | -50.70 Mn |
| Mar 31, 2022 | -28.96 Mn |
| Dec 31, 2021 | -37.75 Mn |
| Sep 30, 2021 | -32.13 Mn |
| Jun 30, 2021 | -34.97 Mn |