Largo (LGO) Operating Expenses (2020 - 2026)
Largo (LGO) recorded quarterly Operating Expenses of -$34.5 million in Q1 2026, down 33.74% quarter-over-quarter from -$25.8 million in Q4 2025, and up 18.79% on a YoY basis from -$29.0 million in Q1 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 433.09% YoY), while the FY2025 annual figure was $161.6 million, up 10.8% from the prior year.
- Operating Expenses was -$34.5 million for Q1 2026 at Largo, down from -$25.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $43.0 billion in Q2 2023 to a low of -$50.7 million in Q2 2022.
- Historically, Operating Expenses has averaged $2.5 billion across 5 years, with a median of -$36.4 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 2337.54% in 2022, then jumped 84963.13% in 2023.
- A 5-year view of Operating Expenses shows it stood at -$44.5 million in 2022, then advanced by 2.78% to -$43.2 million in 2023, then soared by 437.4% to $145.8 million in 2024, then tumbled by 117.69% to -$25.8 million in 2025, then plunged by 33.74% to -$34.5 million in 2026.
- The last three Operating Expenses figures came in at -$34.5 million (Q1 2026), -$25.8 million (Q4 2025), and -$34.3 million (Q3 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 | Largo | 77,111.03 | -8.46 Mn | - | -34.49 Mn |
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 | 145.82 Mn |
| Sep 30, 2024 | -29.54 Mn |
| Jun 30, 2024 | -36.38 Mn |
| Mar 31, 2024 | -49.71 Mn |
| Dec 31, 2023 | -43.22 Mn |
| Sep 30, 2023 | -42.58 Mn |
| Jun 30, 2023 | 43.03 Bn |
| 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 |